Decode FX
Your Gateway to Global Trading
Trade Forex, Stocks, Indices and Commodities with competitive spreads
Key Broker Details
Quick Facts
Regulation
ASIC (Australia), VFSC (Vanuatu)
Country
Australia
Min. Deposit
$0.00
Spreads
From 0.0 pips (Pro/ECN accounts) to 1.5 pips (Standard); average EUR/USD ~0.8 pips
Pros
What we like
- ASIC regulation ensures strong investor protection
- No minimum deposit required
- Ultra-low spreads (0.0 pips on Pro accounts) and high leverage up to 1:500
- Fast trade execution with deep institutional liquidity
- Supports EAs and VPS for automated trading
- Multi-language support and free demo accounts
Cons
Areas for improvement
- Customer support can be slow on weekends or via email
- Withdrawal fees apply to some payment methods (e.g., cards)
- Limited social or copy trading options
- Offshore entity (VFSC) offers weaker protection than ASIC
- No proprietary trading platform beyond MT4/MT5
Broker Summary
Decode FX is an established ASIC-regulated forex and CFD broker offering access to over 50 currency pairs, commodities, indices, and more via MT4 and MT5 platforms. With competitive spreads starting from 0.0 pips, leverage up to 1:500, and no minimum deposit on standard accounts, it's suited for scalpers, day traders, and beginners seeking low-cost entry. Funds are segregated, and execution is lightning-fast (under 50ms), but note mixed reviews on weekend support. Restricted in high-risk jurisdictions like the USA, Canada, and North Korea.
Trading Platforms
Mobile Trading
✓ (MT4/MT5 apps for iOS/Android)
Web Trader
✓ (MT4/MT5 web versions)
Safety & Regulation
Capitalization
Not publicly disclosed (Private entity; estimated $10M+ based on operations)
Insurance
Client funds segregated; up to AUD 20,000 compensation via ASIC AFS scheme
Licenses
ASIC License (Decode Global PTY Ltd), VFSC License (Decode Global Ltd)
Jurisdictions
Australia (ASIC), Vanuatu (VFSC), St. Vincent & Grenadines (SVGFSA)
Trading Tools
Social Trading
Econ Calendar
Account Managers
Payments
Visa, Mastercard, Skrill, Neteller, Bank Transfer, Alipay, Poli, DragonPay, USDT
Decode FX Overview
Comprehensive broker information and trading capabilities
Languages & Region
English, Chinese, Spanish, Arabic, Indonesian (multi-language support via MT4/MT5)
Australia
Pricing & Fees
Commission: $7 per lot (Pro accounts); No inactivity fees; Swap-free Islamic options available
Deposit Methods
Credit/Debit Cards (Visa/Mastercard), Bank Wire, Skrill, Neteller, Alipay, Poli, DragonPay, USDT (crypto)
Withdrawal Methods
Same as deposits: Bank Wire (fee-free), Cards/Skrill/Neteller (fees apply), USDT
Trading Platforms
MetaTrader 4, MetaTrader 5
Leverage
Up to 1:500
Account Types
beginner-friendly, ecn-raw
Customer Support
24/5 live chat, email, phone; Responsive weekdays but mixed reviews on speed
Fund Security
VPS Hosting
Decode FX Insights & Features
Discover what makes Decode FX stand out with comprehensive tools and resources
News & Analysis
Market insights and analysis
Integrated economic calendar, daily market insights, Dow Jones news feed
Top Feature
Standout platform feature
Institutional liquidity with execution speeds under 50ms for scalping and high-frequency trading
Research Tools
Advanced research capabilities
Real-time news, economic calendar, technical indicators via MT4/MT5
Educational Resources
Learning materials and courses
Webinars, market analysis, beginner guides, trading calculators; Basic but improving
Decode FX Account Structure
Compare account types and features
Decode FX Account Types
| Feature | STD Account | PRO Account |
|---|---|---|
| Minimum Deposit | $0 (recommended $100) | $0 (recommended $100) |
| Spreads (EUR/USD Avg.) | From 1.0 pips (avg. 1.5 pips; floating, no markup) | From 0.0 pips (avg. 0.2 pips; raw/ECN, direct interbank) |
| Commissions | None (costs built into spreads) | $7 per lot round-turn ($3.5 per side) |
| Leverage (Max) | Up to 1:500 (1:30 under ASIC retail) | Up to 1:500 (1:30 under ASIC retail) |
| Execution Type | Market execution (no requotes) | Market execution (no dealing desk, deeper liquidity) |
| Swap-Free (Islamic) | Yes (available on request; equity-based fees) | Yes (available on request; equity-based fees) |
| Platforms | MT4, MT5, WebTrader | MT4, MT5, WebTrader |
| Suitable For | Beginners, swing traders, low-volume positions | Scalpers, day traders, high-volume/EAs |
| Key Features | Simple pricing, no commissions, ideal for testing strategies; max 200 orders | Tight raw spreads, VPS eligible, institutional liquidity; max 500 orders |
| Lot Size (Min/Max) | 0.01 / 50 lots per trade; up to 200 simultaneous orders | 0.01 / 100 lots per trade; up to 500 simultaneous orders |
| Margin Call/Stop Out | 100% / 30% | 100% / 30% |
Trading Features & Conditions
Explore Decode FX's comprehensive trading ecosystem
Max Leverage
Up to 1:500
Risk Management
Supports Expert Advisors (EAs) and VPS for automated trading
Special Conditions
No Islamic (swap-free) accounts; no PAMM accounts
