Deoasis Limited Review: Deoasisfx.com a Brutal Firm

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Deoasis Limited Review
  • Fund Safety
  • Contact Details
0.5

Summary

There is enough evidence to show that Deoasis Limited is a dubious company. Their objective is to scam unsuspecting traders by offering ridiculously attractive conditions. However, eventually, one ends up losing.

Deoasis Limited has tried its best to appear legitimate. However, it serves as a regular reminder of why traders must be careful before investing in the forex market. Although the returns can be enticing, it is good to be cautious when the deal seems too good.

Deoasis Limited Review, Deoasis Limited Company

Deoasis Limited is a scam broker. Unlike other honest and transparent crypto brokers, this one is out to steal from investors. Even as people venture into the online space to make money, they must be wary of the dangers that lurk within and dealing with an unlicensed broker is one of them.

About Deoasisfx.com

A company website is where one should find all the necessary details about the organization. From there, one can make an informed decision about whether or not they should invest. For this broker, the website hasn’t provided the vital information.

The broker offers forex, indices, commodities, and digital currencies trading. They claim to have over 100 tradable assets and over 330,000 clients on their ST5 trading platform. The broker also has a demo account.

Deoasis Limited Founders and Team    

We found nothing about the founders or the current management on the company profile. This was a red flag. It confirms the shady nature of the firm. If the brokers had been legitimate, they would have been forthright about who was running company affairs. They would have even provided a brief history detailing when it was founded and by whom.

Deoasisfx.com Review, Deoasisfx.com Features

From whois.com, the domain was registered in September 2023 and will expire in 2024. The company is, hence, less than one year old. It is unlikely that they have over 330,000 users on their online platform, as they claim.

Contact Details

The broker claims to be headquartered in the United States. They have an email address but no phone number. Also, the firm still needs to specify its location in the United States. They have also mentioned having branches in Australia and the United Kingdom.

More contact details are needed to instill confidence in a potential investor. If anything, they instil fear because one cannot locate the broker if they have a query. Communicating through email is unreliable because the response may be delayed. As a trader, one needs quick and accurate updates about the market and their trades.

Deoasis Limited Regulation Status

Before a broker can offer financial services, they have to be licensed. One of the requirements is that the company must be financially healthy and assure the regulators that in case of financial challenges, investors will not lose their money. The process is usually long and tedious, and many brokers choose to avoid it.

Deoasis Limited claims to be licensed by the National Futures Association (NFA) and the Australian Securities & Investment Commission (ASIC). However, we found no licensed broker named Deoasis Limited. Further, the UK’s Financial Conduct Authority (FCA) has warned sternly against trading with Deoasis, terming it a scam.

Trading Conditions

As a trader, one looks at parameters like spread, commissions, and leverage before choosing a broker. These often determine one’s profitability in the market. Brokers, hence, try to make them as attractive as possible.

This broker has zero spread for main currencies like USD/JPY, EUR/USD and GBP/USD. The leverage is at 500:1. These parameters are too good to be true and nullify the broker’s claim that they are regulated. They would not have such a high leverage if they were regulated because it is above the required threshold for American and European brokers.

Final Verdict

There is enough evidence to show that Deoasis Limited is a dubious company. Their objective is to scam unsuspecting traders by offering ridiculously attractive conditions. However, eventually, one ends up losing.

All is not lost, however. There are still many trustworthy and honest brokers for those interested in forex trading. With these, you can invest your money safely without fear. In case of losses, it will be because of a trade, but not due to a scam. Before investing, always do your homework and research the company’s background. There are too many scammers nowadays.

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