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.
Trading Cost Overview
| Instrument | Spread Cost | Swap Long | Swap Short | Rebate | Net Cost |
|---|---|---|---|---|---|
| XAUUSD | $18/lot | -11 | 4 | $9/lot | $9.00/lot |
| EURUSD | $12/lot | -63 | 25 | $9/lot | $3.00/lot |
| GBPUSD | $12/lot | -6 | -3 | $9/lot | $3.00/lot |
| USDJPY | $13/lot | 10 | -20 | $9/lot | $4.00/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% / 50%
Execution Type
Market / Instant
Trading Hours (Server Time GMT+0)
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 | N/A | Australia | Segregated accounts |
| VFSC | Decode Global | N/A | 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.
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