Deoasis Limited 2025 Review: Everything You Need to Know
Deoasis Limited has garnered attention as a forex broker operating in various regions, including the United States and Australia. However, our comprehensive analysis reveals a troubling picture characterized by regulatory concerns and user skepticism. Key findings indicate a lack of transparency regarding fees and trading conditions, alongside warnings from regulatory bodies like the FCA and CONSOB.
Note: It is crucial to consider that Deoasis Limited operates under different entities in various regions, which may lead to confusion regarding its regulatory status. This review aims to provide a fair and accurate assessment based on available data.
Ratings Overview
We evaluate brokers based on user reviews, regulatory compliance, and overall trading conditions.
Broker Overview
Founded in 2023, Deoasis Limited claims to operate as a trading company based in the United States, providing a range of assets including forex, commodities, cryptocurrencies, and indices. The broker offers access via its proprietary ST5 trading platform, which is said to be user-friendly and equipped with various technical indicators. However, the regulatory landscape for Deoasis Limited is complex; it claims to be registered with the Australian Securities and Investments Commission (ASIC) and the National Futures Association (NFA) in the U.S. Despite these claims, there are significant doubts regarding its legitimacy.
Detailed Analysis
Regulatory Status
Deoasis Limited operates under the regulatory oversight of ASIC in Australia but faces serious scrutiny regarding its NFA license in the United States. Several sources indicate that despite claiming to be licensed, the NFA license is marked as "abnormal" and "unauthorized," suggesting that the broker may be operating outside the scope of its regulatory permissions. This raises substantial red flags for potential clients, as highlighted by warnings from the UK‘s FCA and Italy’s CONSOB regarding unauthorized financial services.
Deposit and Withdrawal
There is a notable lack of clarity surrounding deposit and withdrawal processes. Multiple reviews indicate that users have difficulty finding information regarding acceptable currencies and methods for funding accounts or withdrawing funds. This lack of transparency is a significant concern, as it can lead to confusion and potential financial loss for traders.
The minimum deposit requirement for opening an account with Deoasis Limited is not explicitly stated in the available resources. Additionally, there are no promotions or bonuses offered, which is often a standard feature among competitive brokers.
Tradable Asset Classes
Deoasis Limited offers a variety of trading instruments, including forex pairs, precious metals, crude oil, indices, and cryptocurrencies. This diverse range is designed to cater to different trading strategies and preferences. However, the absence of detailed information on trading costs, such as spreads and commissions, complicates the assessment of overall trading conditions.
Costs (Spreads, Fees, Commissions)
A critical issue with Deoasis Limited is the lack of transparency regarding trading costs. The reviews highlight that spreads and commissions are not clearly communicated, making it difficult for traders to gauge the actual cost of trading. This ambiguity is concerning, as upfront information about costs is essential for building trust with clients.
Leverage
Deoasis Limited offers a maximum leverage of up to 1:500, which is significantly higher than the limits imposed by regulated brokers in the U.S. (1:50) and Australia (1:30). While high leverage can amplify potential profits, it also increases the risk of substantial losses, making it a double-edged sword for traders.
The broker utilizes the ST5 trading platform, which is marketed as an all-in-one solution for CFD trading. While it is equipped with technical indicators and supports various asset classes, the platform's legitimacy is questioned due to the broker's regulatory status.
Restricted Regions
Deoasis Limited reportedly operates in multiple jurisdictions, including the United States, Australia, Cyprus, France, Germany, and Norway. However, due to its questionable regulatory status, traders in these regions are advised to exercise extreme caution.
Customer Support Languages
Customer support is primarily accessible via email, with reported issues regarding responsiveness and effectiveness. This can be particularly frustrating for traders who rely on timely assistance to navigate their trading activities.
Repeated Ratings Overview
Detailed Breakdown
Account Conditions: 4/10
The lack of explicit information on minimum deposits and the absence of promotional offers contribute to a low score in this category.
Deoasis Limited provides limited educational resources, which can hinder traders' ability to enhance their knowledge and skills in the trading arena.
Customer Service and Support: 2/10
Customer support has been criticized for its lack of responsiveness and effectiveness, leading to frustration among users.
Trading Setup (Experience): 5/10
While the ST5 platform offers various features, its legitimacy is undermined by the broker's regulatory issues and the lack of transparency regarding trading costs.
Trustworthiness: 3/10
The regulatory warnings and the unclear status of its licenses significantly affect the trustworthiness of Deoasis Limited.
User Experience: 4/10
Overall user experience is marred by the lack of transparency and potential regulatory violations, which may lead traders to feel insecure about their investments.
In conclusion, traders are advised to exercise extreme caution when considering Deoasis Limited as a trading partner. The combination of regulatory warnings, lack of transparency, and poor customer support raises significant concerns about the broker's legitimacy and reliability. Always conduct thorough research and consider regulatory compliance when choosing a broker.
