Decho Capital, formally known as Decho Capital Limited, offers a diverse range of products and services including forex, energy, metals, cryptocurrencies, stocks, and indices. Its official website supports both English and Japanese and can be visited at https://dechocapital.com/?lang=en. Investors can access and trade a variety of financial instruments on this platform. However, before considering participation, it's advisable for investors to diligently research and evaluate the company’s background, regulatory status, and user feedback among other factors.
Corporate Entity Information of Decho Capital:
Decho Capital claims to have been established in March 2020, but in reality, the company was formed on January 17, 2024, with its domain registered on January 18, 2024. This also exposes Decho Capital's exaggerated and inaccurate statements regarding its registration information. The specific registration address of Decho Capital is: 19 135 King St Sydney NSW 2000. Such inconsistency and ambiguity in information may mislead investors, raising concerns about the authenticity of Decho Capital.
Regulatory Information of Decho Capital:
Decho Capital claims on its official website to be regulated by the Australian Financial Services Representative (ASFR). However, the regulatory scope of ASFR is limited and merely authorized, primarily targeting the forex industry. This suggests that Decho Capital's regulation may have limitations, possibly not offering adequate protection and oversight, especially for financial products or services beyond forex. Investors should remain vigilant about Decho Capital's regulatory situation and have a clear understanding and comprehension before making decisions.
The Account Opening Process of Decho Capital:
The account opening process at Decho Capital is straightforward. You just need to take photos of your identification documents and proof of address, then enter your registration information. You can open an account online on the same day. The necessary documents include an email address, identity verification documents (driver's license, passport, personal identification card), and proof of address documents (utility bills, national health insurance card, residence card, bank statements, credit card statements, internet bills, mobile phone bills, etc.). Please prepare these documents as instructed to smoothly complete the account opening process.
The Trading Platform of Decho Capital:
The official website of Decho Capital does not provide information about its trading platform.
Trading Products of Decho Capital:
The trading products offered by Decho Capital include forex, energy, metals, cryptocurrencies, stocks, and index products. The homepage of the platform provides real-time price, sell price, and buy price information, offering investors comprehensive and real-time market data. This enables users to have a clearer understanding of the real-time dynamics of various trading products, thereby making more informed trading decisions.
Deposit and Withdrawal Methods of Decho Capital:
About Deposits:
- Domestic bank transfer payments are provided, requiring careful account verification with payments made in the name on the trading account.
- The reflection time for deposits is usually 15 minutes to 3.5 hours but may extend due to high volumes of payments.
- For bank account deposits, checks are made every 15 minutes, with the cutoff time at 4:59 PM. Deposits confirmed after 5:00 PM will reflect on the next working day.
- Supports cryptocurrency deposits, with immediate reflection via USDT, only through the TRC20 network.
- Deposits over 100,000 USDT require contacting customer support.
About Withdrawals:
- When withdrawing, a payment account must first be registered in the regular account to enhance security and withdrawal speed.
- Domestic bank transfer and cryptocurrency remittance (USDT) are provided as withdrawal methods.
- Domestic bank transfers are customer-paid, usually reflected within 15 minutes to the next working day following the request.
- Cryptocurrency remittance (USDT) offers immediate reflection, with a fee of 1 USDT and 3%, and orders received after 5 PM are processed on the next working day.
Contact Information of Decho Capital:
Decho Capital's official website does not disclose any contact information, which may lead to difficulties for users in getting support or resolving issues when needed. This lack of clear communication channels can decrease investor trust in the platform, as effective customer support is a crucial part of financial services. Investors might face the risk of being unable to quickly contact Decho Capital in critical moments.
Summary:
Decho Capital Limited's website lacks critical information and clear contact details, and there is a level of vagueness regarding its regulatory aspect. While officially claiming to be regulated by the Australian Financial Services Representative (ASFR), ASFR is merely an authorization license, not an institution with substantiative regulatory authority. Before deciding to trade with Decho Capital, investors should tread cautiously, ensuring they conduct a thorough due diligence on its background and operational status. Currently, Decho Capital is listed as "In operation" on the Traderknows website.
