Deus Forex Broker
Basic Information
Mauritius
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
DEUS Forex Broker - Complete Information Guide
1. Broker Overview
DEUS Technology Co., Ltd., established in 2019, is a financial services company that provides a range of trading solutions, including foreign exchange (forex) trading and contracts for difference (CFD) trading. The company is headquartered in Mauritius, with additional offices in Kuala Lumpur, Malaysia. DEUS operates as a private entity, focusing on delivering innovative fintech solutions to institutional markets, brokerages, and enterprises worldwide.
Since its inception, DEUS has aimed to empower traders with seamless access to various financial markets, offering advanced trading platforms and personalized support. The company has built a reputation for its commitment to providing a secure trading environment and efficient customer service, catering primarily to retail and institutional clients.
Over the years, DEUS has developed a portfolio of services that includes forex and CFD liquidity, customized CRM solutions, and the integration of trading software such as MetaTrader 5 (MT5). Despite its relatively short history, the company has made significant strides in establishing itself in the competitive financial services sector, continually expanding its offerings to meet the evolving needs of its clients.
As a fintech company, DEUS operates on a business model that emphasizes retail forex trading and institutional services, providing clients with access to a wide range of trading instruments and advanced technological solutions. This positions DEUS as a versatile player in the financial services industry.
2. Regulation and Compliance Information
DEUS operates without regulatory oversight from any recognized financial authority. The company has been identified as unregulated, which raises serious concerns regarding its legitimacy. The Financial Conduct Authority (FCA) in the United Kingdom has issued warnings against DEUS, indicating that the broker may be providing financial services without proper authorization.
Currently, DEUS does not have a valid forex license from any reputable regulatory body, which significantly undermines its credibility. The absence of regulation means that there are no legal protections in place for clients' funds, making it a risky choice for traders.
In terms of compliance, DEUS does not provide clear information regarding the segregation of client funds, negative balance protection, or participation in any investor compensation schemes. The lack of transparency in its operations further exacerbates concerns about the safety of client investments. Additionally, DEUS does not appear to implement adequate Know Your Customer (KYC) or Anti-Money Laundering (AML) measures, which are critical for safeguarding against fraudulent activities.
Given these factors, potential clients are strongly advised to proceed with caution and consider the significant risks associated with engaging with an unregulated broker like DEUS.
3. Trading Products and Services
DEUS offers a variety of trading products, primarily focusing on forex and CFDs. The broker claims to provide access to major currency pairs, including popular options such as EUR/USD, GBP/USD, and USD/JPY. However, specific details regarding the number of currency pairs available are not disclosed on their website.
In addition to forex, DEUS offers CFD trading across several asset classes, including indices, commodities, stocks, and cryptocurrencies. The range of products is designed to cater to both retail and institutional clients, allowing them to diversify their trading strategies.
While DEUS promotes a wide selection of trading instruments, the actual availability of these products may vary, and the company does not provide clear information regarding the frequency of product updates or the introduction of new offerings. This lack of transparency can be concerning for traders looking for a comprehensive trading experience.
The broker's services are primarily aimed at retail clients, but it also provides institutional services, including white-label solutions for other brokers. However, specific details about asset management services or advanced trading features are not readily available.
4. Trading Platforms and Technology
DEUS supports the MetaTrader 5 (MT5) trading platform, which is well-known for its advanced features and user-friendly interface. The broker offers both desktop and mobile versions of MT5, allowing traders to access their accounts and execute trades from various devices. The mobile application is available for both iOS and Android, ensuring that traders can manage their investments on the go.
While DEUS promotes the use of MT5, there is no indication that the broker offers proprietary trading platforms or any other advanced trading technologies. The reliance on MT5 suggests that DEUS aims to provide a familiar environment for traders, but the absence of additional tools or features may limit the overall trading experience.
In terms of execution, DEUS does not specify whether it operates under an ECN, STP, or Market Making model. The lack of clarity regarding the execution model can be a significant drawback for traders who prioritize transparency and efficiency in their trading activities.
Furthermore, DEUS does not provide detailed information about its server locations or technical infrastructure, which can impact the speed and reliability of trade execution. The absence of information regarding API access and automated trading support raises additional concerns about the broker's technological capabilities.
5. Account Types and Trading Conditions
DEUS does not provide clear information about the various account types it offers. The website lacks specifics regarding the minimum deposit requirements, spreads, and commissions associated with trading accounts. This lack of transparency can be a significant disadvantage for potential clients trying to assess the trading conditions at DEUS.
While the broker claims to offer competitive trading conditions, the absence of detailed information makes it challenging for traders to make informed decisions. The minimum deposit requirement is not specified, which can deter potential clients who are looking for clear entry points into trading.
DEUS does not appear to offer specialized accounts, such as Islamic accounts or corporate accounts, which may limit its appeal to a broader audience. Additionally, details regarding demo account policies are not readily available, making it difficult for new traders to practice and familiarize themselves with the trading platform.
The leverage offered by DEUS is also unspecified, which can be a critical factor for traders looking to maximize their trading potential. The lack of information regarding minimum trade sizes and overnight fees adds to the uncertainty surrounding the broker's trading conditions.
6. Fund Management
DEUS primarily accepts deposits through cryptocurrencies, including USDT, Bitcoin, and Ether. The broker does not provide information about traditional deposit methods, such as bank transfers or credit cards, which can limit accessibility for some traders.
The minimum deposit requirement is not clearly stated, creating further ambiguity for potential clients. The processing time for deposits is indicated as 24 hours, but specific details regarding any associated fees are not provided. This lack of clarity can be a deterrent for traders who prefer transparent financial arrangements.
Withdrawals from DEUS are also only available through cryptocurrencies, and the processing time is similarly set at 24 hours. However, the broker does not outline any withdrawal limits or fees, which can lead to frustration for clients attempting to manage their funds.
Overall, the limited payment options and lack of clear information regarding deposit and withdrawal processes can be a significant drawback for traders considering DEUS as their broker.
7. Customer Support and Educational Resources
DEUS offers customer support through various channels, including phone, email, and online chat. The company provides a contact number (+603 6211 0339) and an email address (support@deuscorp.com) for inquiries. However, the website does not specify the operational hours for customer support, which can limit accessibility for clients in different time zones.
The broker claims to provide multilingual support, but the specific languages offered are not detailed on the website. This lack of information can be a disadvantage for non-English speaking clients seeking assistance.
In terms of educational resources, DEUS does not appear to offer comprehensive training materials or market analysis services. The absence of webinars, tutorials, or research reports can hinder the development of traders looking to enhance their skills and knowledge.
The lack of trading tools, such as calculators or market calendars, further limits the support available to clients. Overall, the customer support and educational resources provided by DEUS may not meet the expectations of traders seeking a robust trading environment.
8. Regional Coverage and Restrictions
DEUS primarily serves clients in global markets, but specific information regarding its operational regions is not disclosed. The broker does not provide details about its regional offices or the countries where it actively operates.
However, DEUS does not accept clients from certain jurisdictions, including the United States and other regions subject to sanctions. This restriction can limit the broker's appeal to a broader audience and may deter potential clients from regions where trading regulations are stringent.
The lack of clear information regarding regional coverage and restrictions can create uncertainty for traders considering DEUS as their broker. Potential clients are encouraged to verify their eligibility before attempting to open an account.
In conclusion, while DEUS claims to provide a comprehensive range of trading services and products, the lack of regulatory oversight, transparency in trading conditions, and limited customer support may pose significant risks for potential clients. It is advisable for traders to conduct thorough research and consider alternative brokers that offer more robust regulatory protections and clearer trading conditions.
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Latest Reviews
Daniel Kim
South Korea
I saw a post about the DEUS Romance scam yesterday. I had a conversation on KakaoTalk and realized that I was scammed in the same way as the case mentioned (the story of an uncle in the United States), so I am requesting a withdrawal through the J.P.Morgan website. "The system has detected that your trading account is associated with multiple accounts. Due to insider trading and other illegal trading activities, your trading account has become abnormal." They refuse to process the withdrawal and ask for a deposit. They are demanding 22363.11 USD, but I just want to retrieve the principal I deposited. In addition, when I mentioned the case on WikiFX, I received the following response: "Hello, WikiFX is a privately-owned website in Taiwan. Our company is not regulated by WikiFX and does not recognize the statements of any private organizations affiliated with WikiFX. According to feedback from the supervisory department, your trading account enters the market simultaneously with multiple trading accounts and sells them to make a profit. The profit margin is the same. The regulatory authorities have investigated the related accounts and classified the related trading accounts as risky accounts. After paying the deposit, the supervisory department will review the funds and trading records in your trading account. If there are no violations of regulations, your trading account will be restored to normal, and you will be able to trade freely and withdraw money." Currently, the withdrawal is not being processed, and I have captured the entire process. This is all the money I have to repay my debts due to a business failure. If I lose this amount, I will have no way to survive. Please help me. Additionally, I can provide records and documents regarding the process upon request.
Exposure
2024-08-30
gsuwijk
Australia
Honestly, at first I was already give up on DEUS due to its processing of my information, but unfortunately I received a call from their customer care, she helped me with half an hour I received my real account ID, thanks 🙏 for good and better services. I love it.
Positive
2024-08-28
mankor
South Korea
The explanation of the overnight interest was not properly provided, and when I tried to terminate the contract on the same day, a penalty of 20,000 USD was demanded and withdrawal was also not possible. The principal of 30,000 USD is also blocked and cannot be found.
Exposure
2024-10-30