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Decho Capital Limited -

Score

1.20 /10
Danger

Decho Capital Limited

Australia

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

Australia Appointed Representative(AR) Revoked

High potential risk

https://dechocapital.com/

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Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index4.65

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Decho Capital Limited

Company Abbreviation

Decho Capital Limited

Platform registered country and region

Australia

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • AustraliaASIC (license number: 001307575) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Can't withdraw money

I would like to request mediation because the withdrawal process is not progressing.

gonbei
2024-03-26 09:44
Unable to Withdraw

[Danger] This is a fraudulent exchange

I can't withdraw money. This exchange colludes with a fraudster named Kazuhiko Hongo to solicit investors in the LINE group and deceive them. It's a complete scam. I've reported it to the police and the Financial Services Agency. Please be careful.

かおり
2024-02-15 12:24
Unable to Withdraw

It's a scam. I can't withdraw money.

I was deceived by a scammer named Kazuhiko Hongo and was induced to deposit money into this exchange. But now I can't withdraw money. I have reported this problem to the Japanese Financial Services Agency. I also went to the police. They are currently investigating.

かおり
2024-02-12 13:50
Resolved

After all, it's a scam!

I was invited to the group, and the discussion shifted from high-dividend stocks to FX investment. I saw that Mr. Hongo and his friends posted in the Line group as long-distance drivers. It was immediately canceled, but I took a closer look. It was confirmed that the same content was posted on LINE under different names, and that they were playing multiple roles. Initially, they said that the penalty would be deducted from their FX account, but they changed their story to say that they would have to pay a separate amount of nearly 7 million yen. There was a balance in my account, so even though I asked them to withdraw money from it, they told me that it was a breach of contract and that if I didn't pay, my account would be frozen. I contacted Australian support via email, but when I told them the same thing, they lost contact with me. I can no longer log in to my account. I paid 2.8 million yen and had $160,000 in my account.

Laulii
2024-04-10 13:31
Decho Capital Limited · Company summary
Decho Capital Limited Review Summary
Founded2023
Registered Country/RegionAustralia
RegulationUnregulated
Market InstrumentsForex pairs, stocks, commodities, stock indices, major virtual currencies
Demo AccountNot mentioned
Leverage1:100
SpreadCurrency pairs like EUR/USD and GBP/USD: 0.6 -1 pip;Precious metals: 2 - 2.1 pips;Energy: 1 - 8.2 pips
Trading PlatformMobile trading app
Min DepositNot mentioned
Customer SupportEmail: support@dechocapital.com

Decho Capital Limited Information

Established in Australia in 2023, Decho Capital Limited offers a full range of trading assets including forex pairs, equities, commodities, stock indices and major virtual currencies. Clients mainly contact its campany through E-mail by support@dechocapital.com.

Decho Capital Limited Information

Pros and Cons

ProsCons
A wide range of financial products from a single accountUnregulated Status
Convenient mobile trading appNo live chat or phone support
Real-time monitoring of investmentsHigh spread for some assets
Clear contact information provided

Is Decho Capital Limited Legit?

Decho Capital Limited once has been regulated by the Australian Regulatory Authority with the license number of 001307575. However, its license has been revoked.

Is Decho Capital Limited Legit?
Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense Number
Is Decho Capital Limited Legit?
ASICDECHO CAPITAL PTY LIMITEDAppointed Representative(AR)001307575

What Can I Trade on Decho Capital Limited?

Decho Capital Limited offers traders the opportunity to trade on forex pairs, energy and commodities(crude oil and natural gas), stock indices(US100 and JP225), major virtual currencies(Bitcoin and Ethereum).

What Can I Trade on Decho Capital Limited?
Tradable InstrumentsSupported
Forex pairs✔
Energy and commodities✔
Stock indices✔
Major virtual currencies✔
Bonds❌
Binary Options❌
Mutual Funds❌
Futures❌

Account Types

Only ONE type of account is provided for clients of Decho Capital Limited.

Leverage

Decho Capital Limited offers a maximum leverage of 1:100.

The minimum margin is 50.

The minimum lot number.is 0.01 lot.

Forced settlement margin maintenance rate is 100%.

Decho Capital Limited Fees

In the forex market, the spread depends on the currency pair. The EUR/USD spread is 0.6 points, while the GBP/USD spread is 1 point.

In energy and commodity trading, the spread between XTIUSD (crude oil) and XNGUSD (natural gas) was 1 point and 8.2 points, respectively.

For virtual currencies such as BTCUSD (Bitcoin) and ETHUSD (Ethereum), the spread is 28.7 points and 6.2 points, respectively.

In addition, Decho Capital Limited charges a transaction fee of US $11 (tax included) per 100,000 currency transactions (1 lot).

Spread
Forex marketEUR/USD0.6
GBP/USD1
Energy and CommodityCrude oil1
Natural gas8.2
Virtual currenciesBitcoin28.7
ETHUSD6.2

Trading Platform

A trading app for smartphones is specially provided by Decho Capital Limited.

Trading PlatformSupportedAvailable DevicesSuitable for
Trading app✔smartphonesInvestors of all experience levels

Deposit and Withdrawal

Customers can choose domestic bank transfers and national banks.

Cryptocurrency remittances, especially the use of TRC20 tokens such as USDT, provide an alternative route for deposits.

For domestic bank transfers, the transfer fee is usually borne by the customer, while cryptocurrency remittances require $1 dt plus 3% commission.

Domestic bank transfers are usually completed within 15 minutes of deposit, and any unconfirmed payment, if not confirmed by 5pm, is reflected on the next business day.

Cryptocurrency remittances offer instant processing, usually within 15 minutes, with orders received after 5pm processed on the next business day.

User Reviews

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User comment

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Comments

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Mark Martinez
more than one year
The mobile app is functional but could benefit from additional features. Account opening process was straightforward, but verification took a bit longer.
The mobile app is functional but could benefit from additional features. Account opening process was straightforward, but verification took a bit longer.
Translate to English
2024-06-28 14:35
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Bambang Soeprijanto
more than one year
They don't have many complaints or bad records, and their trade history is pretty transparent. It's nice to have that transparency, even if the platform isn't perfect.
They don't have many complaints or bad records, and their trade history is pretty transparent. It's nice to have that transparency, even if the platform isn't perfect.
Translate to English
2024-06-26 15:42
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4