Decode Global — where it wins, where it loses
Decode Global wins on platform choice. No column in our set puts it behind the field. Priced across ten round-turn EUR/USD lots it comes 26 of 39 in this field.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
- platform choice
Loses on
No column in this set puts Decode Global behind the field.
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| ASIC | AFSL 246796 | Australia | Tier 1 | Decode Capital Pty Ltd | decodecapital.com.au |
| VFSC | 700415 | Vanuatu | Tier 3 | Decode Global Limited | decodefx.com |
| FSC Mauritius | GB25204877 | Mauritius | Tier 3 | Decode Global (Mauritius) | decodefx.com |
Checkable
Facts the comparison runs on
On the record
- The DecodeFX website lists ASIC licence 246796, FSC Mauritius licence GB25204877 and VFSC Vanuatu licence 700415.
- Decode Global Limited is an international company incorporated in Vanuatu under company number 700415 and states it holds Class A and Class B Principal's Licences as a securities dealer.
- The ASIC licence number 246796 is held by Decode Capital Pty Ltd (ABN 68 066 066 911), a separate Australian entity from the Vanuatu company that serves international clients.
- The Monetary Authority of Singapore lists 'Decode Global; Decode Global Capital Pte Ltd' on its Investor Alert List of persons who may be wrongly perceived as licensed by MAS.
- DecodeFX's FAQ states the broker was established in 2004 and gives the registered address of Decode Global Limited (company number 700415) as Govant Building, P.O. Box 1276, 1st Floor, Kumul Highway, Port Vila, Vanuatu (https://decodefx.com/en/faq/).
- DecodeFX's account page lists STD, PRO and CENT account types with minimum deposits of USD 100, USD 100 and USD 1 respectively, leverage up to 1:2000, and stated typical spreads of 0.9 pips (STD) and 1.7 pips (CENT) (https://decodefx.com/en/accounts/trading-accounts/).
- DecodeFX's Terms and Conditions (clause 3.4) state that client money is held in segregated accounts with a deposit institution and on trust for the client entitled to it (https://static.blocoss.com/decodefx/Terms-and-Conditions.pdf).
| Trading since | 2004 |
|---|---|
| Base | Port Vila, Vanuatu |
| Minimum to open | $100 |
| Leverage cap | up to 1:2000 |
| EUR/USD | 0.90 pips |
| Terminals | MT4, MT5, DecodeFX App, DecodeFX Web |
| Account tiers | Standard, Pro, Cent |
| Markets | Forex, Indices, Commodities, Shares CFDs, Crypto CFDs |
| Record confidence | medium |
| Matchup-ready | yes — enough public cost data to run a head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- founding year
- headquarters
- minimum deposit
- maximum leverage
- EUR/USD spread
- account type names
- segregated funds
- negative balance protection
- negativeBalanceProtection — DecodeFX's own pages conflict: the trading-accounts FAQ answers 'Yes' to negative balance protection, while the help-centre FAQ states it 'is not automatically provided on MT4 accounts and is considered on a case-by-case basis'; the Terms and Conditions contain no negative-balance-protection clause (only set-off rights). Left null.
- founded (conflict note, value still filled as 2004) — the ABN register shows the Australian entity Decode Capital Pty Ltd (ABN 68 066 066 911) ABN-active from 01 Nov 1999, while DecodeFX's own FAQ states the broker was established in 2004; 2004 was used per the broker's own statement.
- spreadEurusd — 0.9 pips is the broker's stated typical figure on the STD account card; the page does not explicitly label the pair as EURUSD, and the PRO card only advertises 'from 0.0 pips'.
- legalEntities sourceUrl https://decodecapital.com.au/ returns HTTP 403 (Cloudflare bot protection) to automated checks; the site loads for human visitors, so it is not listed as a dead URL.
Costs less
Who beats Decode Global on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.