DEUS

Note: DEUS's official website: https://www.deusfinancial.com/ is currently inaccessible normally.

DEUS Information

DEUS's website was only registered in Jun 2024 and now is inaccessible, which is absurd for any broker who want to maintain customers. The broker is said to offer trading services in CFDs, commodities like crude oil and precious metals, as well as bitcoin. Minimum deposit is $100 and leverage is up to 1:100. However, no more information about its background and trading conditions.

Worsely, operation without valid regulation from authority bodies further exacerbates its trustworthiness and reliability. And there's even a piece of WikiFX exposure about withdrawal issues. Thus it's wise enough for you to stay away from such a possible scam broker.

Regulatory Status

Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of DEUS, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.

Downsides of DEUS

Unavailable website: DEUS's website cannot be opened currently, which indicates possibility of cease of operation.

Regulatory concerns: The broker operates without valid regulation by any financial institutions, meanig that it might not comply to industry standards. This heightens trading risks with them.

Limited customer support channels: DEUS can only be reached via email, which will undoubtly delay customer response and decrease communication efficiency.

Limited transparency on trading conditions: DEUS does not disclose any information about account details, spread and commissions, which are essential benchmarks for clients to learn about their trading costs in advance.

WikiFX exposure: A user reported withdrawal difficulties with this broker, indicating that the broker is poor-performed on withdrawals and operation.

What Can I Trade on DEUS?

DEUS offers trading in CFDs, bitcoin and commodities including precious metals and crude oil.

1. CFD (Contract for Difference): A CFD is a financial derivative that allows traders to speculate on the price movements of assets like stocks, commodities, or indices without owning the underlying asset.
2. Commodities: Commodities are raw materials or primary agricultural products, such as oil, gold, and wheat, that are traded on markets and used as inputs in the production of goods and services.
3. Bitcoin: Bitcoin is a decentralized digital currency that operates on a peer-to-peer network, allowing for secure, transparent transactions without the need for a central authority like a bank.

Account Type/Fees

DEUS does disclose any account details, the only thing we know from limited resources is that the broker requires a minimum deposit of $100 and offers a spread from as low as 0 pips. But regarding the details about spread and commissions, there's not even a piece of word can be found.

Leverage

DEUS offers leverage of up to 100x, which means you can control position 100 times of your initial capital.

However, you should always be very prudent to use such tool since leverage not only amplify profits, but losses will be augmented at same level as well.

Deposit and Withdrawal

DEUS only accepts payment through Bitcoin, Etherum, bank transfer, which is so typical practice of scam or fraud brokers since crypto payments are anonymous and cannot be refunded.