Note: DeusTrade's official site - https://deustrade.pro/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
DeusTrade Information
DeusTrade is an unregulated financial services provider offering various trading accounts. The platform advertises exclusive features across its account types, ranging from the high-entry Exclusive account to the accessible Mini account. Notably, DeusTrade emphasizes competitive spreads starting from as low as 0.1 pips for its Exclusive account.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Pros & Cons
Pros:
Competitive spreads: DeusTrade offers competitive spreads starting from as low as 0.1 pips on its Exclusive account, which can attract traders looking for minimal trading costs.
Range of account types: Provides a variety of account types (Exclusive, Professional, Standard, Mini) to cater to different trading needs and experience levels.
Cons:
No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency.
Lack of Transparency: The company's website is non-functional. Critical trading information such as demo accounts, leverage, and trading platforms is not provided, making it challenging for investors to assess the company's offerings.
Non-functional Website: The absence of a functioning website indicates a lack of professionalism or operational issues within the company. It also hinders investors' ability to conduct thorough research and due diligence before engaging with the company, further exacerbating the lack of transparency and trustworthiness.
Is DeusTrade Legit？
DeusTrade currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.
Accounts
For those looking for extensive features and benefits, the Exclusive account requires a minimum deposit of $20,000, providing access to premium services and personalized support.
The Professional account, requiring a deposit of $10,500, caters to experienced traders seeking competitive advantages in the market.
The Standard account, with a minimum deposit of $2,500, suits traders looking for essential trading features and moderate capital commitment.
For beginners or those wishing to start with a smaller investment, the Mini account requires just a $250 deposit, making it accessible and ideal for learning and practicing trading strategies.
Spreads
The Exclusive account offers tight spreads starting from just 0.1 pips, ideal for traders who require minimal trading costs and swift execution.
For professional traders, the Professional account features spreads starting from 0.5 pips, balancing cost-efficiency with robust trading conditions.
The Standard account provides spreads starting from 0.7 pips, suitable for traders seeking reliable market access with competitive pricing.
Beginners and those starting out with smaller investments will find the Mini account appealing, with spreads starting from 1 pip, ensuring straightforward and predictable trading costs.
Customer Service
DeusTrade provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.
Phone: +34 932207342, +7 4953744591, +43 720143426
Email: support@deustrade.pro
Conclusion
In conclusion, DeusTrade presents itself as a trading platform offering competitive spreads and a range of account options designed to accommodate various trading preferences. However, its unregulated status raises significant concerns about its safety and legitimacy. The lack of complete and transparent information about its trading assets, account details, and other service sections can hinder a trader's decision-making process.
Now, the ball's in your court when it comes to choosing whether to go with this broker or explore other options. Hopefully, this review has shed some light on your decision-making process.
Frequently Asked Questions (FAQs)
Is DeusTrade regulated？
No. It has been verified that this broker currently has no valid regulation.
What is the minimum deposit for DeusTrade？
The minimum initial deposit to open an account is $250.
Is DeusTrade a good broker for beginners？
No. It is not a good choice for beginners. Not only because of its unregulated condition but also because of its inaccessible website.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
