DEOASIS LIMITED

Overview

DEOASIS LIMITED is a trading company operating in the United States, registered under the regulation of ASIC in Australia and holding an NFA license in the USA. The company offers a range of tradable assets, including foreign exchange currency pairs, precious metals, crude oil, indices, and cryptocurrencies, through its ST5 trading platform. While it provides a variety of account types and a demo account option, transparency issues regarding spreads and commissions raise concerns for traders. Additionally, DEOASIS LIMITED's customer support, accessible via email, has faced criticism for its responsiveness and efficiency. Educational resources are limited, and details about payment methods are not provided on the website. Traders should exercise caution and perform thorough due diligence when considering this platform due to its mixed reputation and regulatory complexities.

Regulation

DEOASIS LIMITED's regulatory status seems to be complex and concerning. Here is a breakdown:

1. Regulation by ASIC: DEOASIS LIMITED is regulated by the Australian Securities and Investments Commission (ASIC), which is a significant financial regulatory authority in Australia. Being regulated by ASIC generally implies that a company must comply with certain financial standards and operational guidelines.

2. United States NFA License Status: The company holds a license (number: 0559040) from the National Futures Association (NFA) in the United States. The NFA is a self-regulatory organization for the U.S. derivatives industry, including futures, swaps, and certain types of options.

3. Abnormal Regulatory Status: Despite being licensed by the NFA, the regulatory status of DEOASIS LIMITED is marked as “abnormal” and “unauthorized.” This suggests that there are issues with its compliance or that it is operating outside the scope of what its NFA license allows.

4. Exceeding Business Scope: The warning that DEOASIS LIMITED exceeds the business scope regulated by its NFA license indicates that the company might be engaging in activities not covered or allowed under its current license. This can be a significant red flag for potential clients or investors, as it implies a lack of regulatory oversight for those activities.

5. Risk Awareness: Both statements emphasize the need to be aware of the risks involved. This is a common caution in the financial sector, especially when dealing with companies whose regulatory status is unclear or problematic.

In summary, while DEOASIS LIMITED is regulated by ASIC and holds an NFA license, its current operational status appears to be unauthorized or outside the scope of its regulatory permissions in the United States. This represents a potential risk for those engaging with the broker, and due diligence is advised.

Pros and Cons

In summary, DEOASIS LIMITED presents a mixed picture for traders. It benefits from regulation by ASIC and an NFA license, offering diverse trading products, high leverage, and multiple account types. However, concerns arise due to the complex regulatory status, lack of transparency in spreads and commissions, limited educational resources, subpar customer support, and a lack of clarity on deposit and withdrawal methods. Traders should carefully consider these pros and cons when evaluating whether to engage with the platform.

Market Instruments

DEOASIS LIMITED offers a diverse range of trading products to cater to the preferences and strategies of traders:

1. Foreign Exchange: The platform provides access to numerous mainstream foreign exchange currency pairs, including popular options like EUR/USD, USD/CAD, GBP/USD, and many more.

2. Precious Metals: Traders can engage in spot trading for precious metals such as gold (XAUUSD) and silver (XAGUSD), allowing them to participate in the dynamic precious metals market.

3. Crude Oil: DEOASIS LIMITED offers trading opportunities in US crude oil (USOIL), enabling traders to speculate on oil price movements, which can be influenced by various global factors.

4. Indices: The platform features a selection of key indices, including the Hong Kong Hang Seng Index (HK50), the German Index (GER30), and the S&P 500 Index (US500), allowing traders to track and trade on broader market trends.

5. Cryptocurrency: For those interested in digital assets, DEOASIS LIMITED offers an array of mainstream digital currency pairs, such as Bitcoin (BTC/USD), Ether (ETH/USD), Ripple (XRP/USD), and more, facilitating participation in the volatile and rapidly evolving cryptocurrency market. These diverse trading products provide traders with a wide spectrum of options to build and diversify their portfolios according to their investment goals and risk tolerance.

Account Types

DEOASIS LIMITED appears to offer a variety of account types for traders, each tailored to different trading needs and strategies. Here's a breakdown of these account types based on the information provided:

1. Comprehensive Trade CFD Account:

1. This account type focuses on Contract for Difference (CFD) trading.

2. It offers a unique and proprietary composite index that simulates real market movements, which might be beneficial for traders looking to engage in market movement simulations.

3. This account likely allows round-the-clock trading, providing flexibility for traders in different time zones.

2. Finance Account:

1. This account type is geared towards a broad range of financial instruments.

2. It includes forex trading, commodities, and cryptocurrencies.

3. It offers flexibility in transaction sizes, from large (standard transactions) to microtransactions, catering to both large and small scale traders.

4. High leverage is available, which can increase the potential for higher profits but also comes with increased risk.

3. Financial STP (Straight Through Processing) Account:

1. This account is likely designed for more experienced traders who are looking for direct market access.

2. It focuses on major and minor forex pairs, and possibly other instruments.

3. A key feature of this account is the availability of markets where currency pairs with smaller spreads have seen a significant increase in trade volume. This could be advantageous for traders looking to minimize costs and maximize efficiency in their trades.

Each of these account types seems designed to cater to different aspects of trading, offering varying degrees of market access, leverage, and instrument availability. Its important for traders to consider their own trading style, experience level, and risk tolerance when choosing an account type.

Leverage

This broker offers a maximum trading leverage of up to 1:500, which is a high leverage ratio indicating that for every $1 of a trader's capital, they can control up to $500 in the market. High leverage can significantly amplify potential profits, but it also increases the risk of substantial losses, especially in volatile markets. Therefore, while attractive for its potential to boost gains, traders must exercise caution and have a strong understanding of risk management when utilizing such high leverage.

Spreads and Commissions

The lack of transparency regarding spreads and commissions at DEOASIS LIMITED raises significant concerns for traders. Spreads, which denote the difference between a trading instrument's bid and ask prices, and commissions, the fees applied to execute trades, are pivotal factors in assessing the cost-effectiveness and potential profitability of trading endeavors. When these financial elements are not clearly communicated, it becomes arduous for traders to calculate and anticipate the precise expenses associated with their trading activities. This opacity can result in unforeseen costs, thereby impacting overall trading strategy and efficiency. In the world of financial trading, such ambiguity is often viewed as a warning sign since straightforward and upfront information about costs is essential for building trust and making well-informed decisions.

Additionally, it's worth noting that the website claims you can check spreads through a provided link, but this link is currently inactive, further exacerbating the issue of transparency.

Deposit & Withdrawal

DEOASIS LIMITED's official website has not provided clear information regarding the specific methods for deposits and withdrawals. This lack of transparency leaves users in the dark about the processes and channels available to them for managing their financial transactions within the platform. Without such vital details, it becomes challenging for potential users to understand how they can securely and conveniently fund their accounts or access their funds when needed. Clarity on deposit and withdrawal methods is essential for users to make informed decisions about whether this platform aligns with their financial preferences and needs.

Trading Platforms

DEOASIS LIMITED's ST5 trading platform stands out as an all-in-one CFD trading solution renowned for its popularity and global usage. With over 50 technical indicators and advanced intraday analysis tools, it empowers traders with powerful charting capabilities. This platform strikes a balance between user-friendliness and advanced features, making it a go-to choice for both novice and experienced traders. Offering access to a vast array of tradable assets, including forex, synthetic indices, stocks, stock indices, and cryptocurrencies, ST5 provides a single, comprehensive trading hub. Moreover, its 24/7 availability ensures traders can engage in transactions at any time, even on weekends, thanks to integrated data support. Furthermore, DEOASIS LIMITED's platform is licensed and regulated, fostering trust and confidence among traders, having garnered a solid reputation over many years in the industry.

Customer Support

The customer support provided by DEOASIS LIMITED, as exemplified by their email contact at support@deoasisfx.com, leaves much to be desired. It appears to lack responsiveness and efficiency, with prolonged delays in receiving assistance. Moreover, the support team seems to fall short in addressing customer concerns adequately. The overall impression is one of inadequacy and a lack of commitment to providing timely and effective support to users. This can be particularly frustrating for traders who rely on efficient customer service to navigate issues and inquiries related to their trading activities.

Educational Resources

DEOASIS LIMITED appears to be severely lacking in educational resources for its users. The absence of educational materials or resources means that traders are left without the crucial tools and information needed to enhance their knowledge and skills in the trading world. This deficiency can hinder traders' ability to make informed decisions and develop effective strategies, ultimately limiting their potential for success. A robust set of educational resources is typically considered a fundamental aspect of a trading platform, and the absence of such materials can be a significant drawback for those looking to expand their understanding of the financial markets.

Summary

DEOASIS LIMITED presents a mixed picture for traders. On the one hand, it is regulated by the Australian Securities and Investments Commission (ASIC) and holds a license from the National Futures Association (NFA) in the United States, which signifies compliance with financial standards. However, there are concerns surrounding its NFA license, marked as “abnormal” and “unauthorized,” indicating potential issues with regulatory compliance. The platform offers a variety of trading products, including forex, precious metals, crude oil, indices, and cryptocurrencies, providing diversity for traders. Still, the lack of transparency regarding spreads and commissions is a notable drawback, making it challenging for traders to assess costs accurately. Furthermore, the absence of educational resources and limited information on deposit and withdrawal methods may hinder user experience. Customer support, as evidenced by their email contact, appears to be lacking in responsiveness and effectiveness. Traders should exercise caution and conduct thorough due diligence before engaging with DEOASIS LIMITED.

FAQs

Q1: What regulatory bodies oversee DEOASIS LIMITED？

A1: DEOASIS LIMITED is regulated by the Australian Securities and Investments Commission (ASIC) and holds a license from the National Futures Association (NFA) in the United States.

Q2: What trading products are available on DEOASIS LIMITED？

A2: DEOASIS LIMITED offers a diverse range of trading products, including foreign exchange currency pairs, precious metals, crude oil, indices, and cryptocurrencies.

Q3: What is the maximum leverage offered by DEOASIS LIMITED？

A3: DEOASIS LIMITED provides a maximum trading leverage of up to 1:500, allowing traders to control a larger position size with a relatively small capital investment.

Q4: Are there educational resources available for traders on the platform？

A4: Unfortunately, DEOASIS LIMITED appears to have limited educational resources, which may be a drawback for traders seeking learning materials and tools.

Q5: How can I contact DEOASIS LIMITED's customer support？

A5: You can reach DEOASIS LIMITED's customer support team via email at support@deoasisfx.com; however, users have reported concerns regarding the responsiveness and efficiency of their support services.