Decode Global fails to close positions in a timely manner, leading to margin calls due to widened spreads resulting in forced liquidation
2024-03-30 16:42:51
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FxGecko reminds investment enthusiasts that choosing a platform that is regulated by reliable regulatory agencies is crucial. Understanding the historical background of the platform, researching the trading conditions provided by the platform, trading software, and customer service are all essential processes.

Before choosing a foreign exchange platform for investment, it is essential to conduct sufficient research and investigation in order to better obtain investment security and a better trading experience. (More Forex complaint)

The FxGecko APP has received complaints that Decode Global fails to close positions promptly, leading to margin calls due to widened spreads resulting in forced liquidation.

Complaint disclosure: At 5:45 am Beijing time on March 21, AUDNZD's highest quotation was 1.08545, and the highest selling point was 1.08790, with a difference of 245 points. The difference was extremely widened, with strong balances received and a loss of 269.15. At 6:15, the gold price was quoted at 2198, and it was found that the situation was not correct. We were preparing to close the short positions, but continuous closing was ineffective. Then, the gold price rose above 2210, and all positions in the account were liquidated, resulting in a total loss of 746.79.

About Decode Global

DECFX is a global leader in foreign exchange trading. The DECFX brand philosophy is based on decoding technological data to enable customers to master how to manage assets and conduct investment transactions more easily.

DECFX is committed to tailoring user experiences in online trading markets and closely connecting with investors. The core team of DECFX has senior industry experience, and many DECFX staff have over 10 years of experience in cutting-edge fields across various industries. From products to technology, from innovation to service, the trading experience we bring you can withstand the test of time. DecodeFX is licensed and regulated by the Vanuatu Financial Services Commission (VFSC: 700415). Customers registered on this website will be subject to the jurisdiction of DecodeGlobalLimited (VFSC: 700415), an entity of the Vanuatu Financial Services Commission.

Decode Global displays four regulatory platforms on the FxGecko app. Publicly claiming that the regulatory status of the Belize IFSC held is revoked; Vanuatu VFSC and Saint Vincent FSA have regulatory status of operating beyond limits; The regulatory status of ASIC in Australia is suspected to be fraudulent. The safety of investor funds is not guaranteed!

FxGecko risk warning: Decode Global forex platform has 13 monitoring alerts. Pay attention to early warning!

Decode Global, FxGecko APP has a score of 5.7 and a low credit rating. Investors are advised to stay away!

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