Decode
ASIC
VFSCDecode (DecodeFX) Established in 2004 and regulated by ASIC, Decode Global processes monthly trading volumes exceeding $1.11 trillion and serves over 180,000 active clients worldwide. The broker was honored with the "Best Forex Fintech Broker" award at the 2024 BrokersView Abu Dhabi Expo. Supporting MT4 and MT5 with spreads from 0.0 pips and leverage up to 1:500, Decode Global combines fintech innovation with professional-grade trading conditions to deliver a superior market experience.
Data, terms and limitations
- Data source
- Broker records maintained by Cloud Speed
- Term verification
- No item-by-item verification record supplied
XAUUSD: Per-lot cost example
Displayed account: Standard
Spread cost + commission - rebate = estimated net cost
$18/lot + $0 - $9/lot = $9/lot
Uses the displayed account and instrument data in USD per lot. Excludes swaps, slippage, conversion and funding fees. Confirm whether commission is quoted per side or for the full trade; these figures are not a live quote or a profit guarantee.
Before relying on a rebate, confirm the referral link, account type, legal entity, country eligibility, qualifying trades and payment schedule with the broker or partner. A payment frequency in the table is not evidence of a completed payout.
Trading Cost Overview
Displayed account: Standard
| Instrument | Spread Cost | Commission | Swap Long | Swap Short | Rebate | Net Cost |
|---|---|---|---|---|---|---|
| XAUUSD | $18/lot | $0 | -11 | 4 | $9/lot | $9/lot |
| EURUSD | $12/lot | $0 | -63 | 25 | $9/lot | $3/lot |
| GBPUSD | $12/lot | $0 | -6 | -3 | $9/lot | $3/lot |
| USDJPY | $13/lot | $0 | 10 | -20 | $9/lot | $4/lot |
Account Types
| Account Type | Min Deposit | Base Currency | Leverage | Commission | Swap Type |
|---|---|---|---|---|---|
| Standard | 50 | USD, EUR | 1:2000 | 0 | Swap-free available |
| ECN | 50 | USD, EUR | 1:2000 | 0 | Swap-free available |
Execution Details
Max Leverage
1:2000
Margin Call / Stop-out
100% / 20%
Execution Type
Market / Instant
Platforms
Markets
Rebate Details
| Account | Instrument | Rebate | Auto Rebate | Rebate Cycle |
|---|---|---|---|---|
| Standard | XAUUSD | $9/lot | Yes | Weekly |
| Standard | EURUSD | $9/lot | Yes | Weekly |
| Standard | GBPUSD | $9/lot | Yes | Weekly |
| Standard | USDJPY | $9/lot | Yes | Weekly |
Regulation & Safety
| Regulator | Entity | License ID | Jurisdiction | Protection |
|---|---|---|---|---|
| ASIC | Decode Global | Not provided | Australia | Segregated accounts |
| VFSC | Decode Global | Not provided | Vanuatu / International | Segregated accounts |
Decode score-based review
Decode currently scores 7.4/10 on Cloud Speed. The strongest signal is Cost, while Risk model is the area traders should review more carefully before opening an account.
Weights: regulation 30%, cost 30%, execution 15%, transparency 10%, tools 10%, risk model 5%. Missing sub-scores currently default to 6/10. Scores are comparison aids, not independent safety certifications.
Strongest signals
Cost scores 9.0/10, which is one of the stronger parts of the Decode profile.
Execution scores 7.2/10, which is one of the stronger parts of the Decode profile.
What to verify
Risk model scores 6.0/10, so traders should confirm the latest broker terms instead of relying on one headline metric.
Tools scores 6.0/10, so traders should confirm the latest broker terms instead of relying on one headline metric.
Who it may fit
Decode is most useful to compare when you care about XAUUSD net cost ($9/lot), platform support (MT4, MT5, Copytrading), minimum deposit (50), and automatic rebate handling.
Opening checklist
- Confirm the account entity and regulation references: ASIC, VFSC.
- Check whether your country, account type, and platform qualify for the displayed rebate.
- Confirm deposit, withdrawal, leverage, stop-out, and rebate payout terms before funding.
Decode trading cost and rebate notes
Decode is listed with XAUUSD cost data showing $18/lot spread cost, $9/lot rebate, and an estimated $9/lot net cost. These figures help traders compare the practical cost after rebates instead of looking at spread or rebate in isolation.
Decode supports MT4, MT5, Copytrading and covers markets such as XAUUSD, EURUSD, GBPUSD, USDJPY. Traders should first confirm that the broker supports the platform, account type, and instrument they actually plan to trade.
Decode regulation references include ASIC, VFSC. Regulation, licensed entity, regional eligibility, funding rules, and withdrawal terms should all be reviewed before opening an account.
Frequently asked questions
Rating Breakdown
Decode
Up to $9.00/lot rebate