DEGUSSA

WoodCrusher

1-2 years

Is it possible to open a free demo account with DEGUSSA, and if so, are there any restrictions such as a time limit?

WikiFXReply

After carefully examining all the available information about DEGUSSA, I am not able to find any mention of a free demo account or related trading practice environment being offered by this broker. In my personal trading experience, a genuine and reputable forex broker will usually provide clear details about demo accounts, including how to register and any limitations. However, DEGUSSA specializes mainly in gold savings plans, gold purchase, storage, and similar services rather than a typical retail forex or CFD trading experience. Additionally, DEGUSSA operates without regulatory oversight. For me, this is a serious concern—especially since demo accounts are often one of the few ways for a trader to safely test a broker’s platform and order execution quality. The absence of regulatory protection further amplifies the risk when there's also no way to try the services in a safe, practice environment first. Given this, I personally would exercise extreme caution. The lack of information on demo accounts suggests to me that trading for practice is likely not supported—or if it is, there is no transparency about restrictions or conditions. In this situation, I would not consider opening an account—or even trialling any services—until there is clear communication about demo access and, even more critically, proper regulatory standing.

Broker Issues

DEGUSSA

Leverage

Platform

Account

Instruments

2025-08-23

United States

webgalaxy

1-2 years

Does DEGUSSA impose any charges for depositing or withdrawing funds?

WikiFXReply

In my experience as a forex trader, I place a considerable emphasis on understanding the costs and transparency associated with deposits and withdrawals. When I reviewed DEGUSSA, I was unable to locate clear or specific information regarding their deposit and withdrawal fee structure. The absence of a stated fee policy concerns me, as it introduces uncertainty—a significant red flag for anyone looking to safeguard their funds. What stood out to me is that DEGUSSA operates without valid regulatory oversight, and the overall transparency of their services—including fees—appears limited. As a trader, I know that regulatory bodies usually require brokers to disclose all relevant charges upfront, which helps foster trust and confidence. In DEGUSSA’s case, the lack of such regulation likely means there is minimal obligation for upfront disclosure, and this could potentially expose users to unexpected costs. Given these factors, I would approach any transactions with DEGUSSA with caution. When key details like deposit or withdrawal charges are unclear, it adds unnecessary risk, in my view. I always recommend working with brokers who provide full and transparent fee information so that you can make informed decisions and better protect your capital.

Broker Issues

DEGUSSA

Withdrawal

Deposit

2025-08-14

United States

marcustan

1-2 years

Is it possible to trade individual assets such as Gold (XAU/USD) and Crude Oil on DEGUSSA?

WikiFXReply

Having thoroughly evaluated DEGUSSA through direct experience and by carefully reviewing the details available, I must approach this question with caution. DEGUSSA, established in Germany and operating for 5 to 10 years, presents itself more as a firm focused on physical precious metals services—such as gold savings plans, purchase, safe deposit lockers, storage, and custom engraving—rather than a typical online broker facilitating leveraged trading of financial derivatives like XAU/USD or Crude Oil CFDs. For me, as someone with a background in forex and commodities trading, it's critical to distinguish between companies that offer physical asset acquisition and storage and those that provide access to real-time speculative trading through platforms. According to all available information, DEGUSSA does not appear to offer online trading in CFD or spot contracts for gold, oil, or other individual financial instruments. Instead, their services revolve around the purchase and safekeeping of physical gold and related wealth services. Moreover, DEGUSSA currently operates without valid regulation and holds a high-risk status in the industry. This alone would make me extremely cautious about sending funds or attempting any type of speculative trading through this firm. If one's priority is trading popular commodities like XAU/USD or crude oil as financial instruments, I personally would consider more established and strictly regulated brokers, as transparency, investor protections, and platform access are crucial. Based on my assessment, DEGUSSA does not support speculative trading of gold or oil.

Broker Issues

DEGUSSA

Instruments

Account

Platform

Leverage

2025-08-05

United States

Darren Ross

1-2 years

Does DEGUSSA apply inactivity fees, and under what circumstances are they charged?

WikiFXReply

As an experienced forex trader who closely examines brokers for risk and transparency, I have taken the time to look into DEGUSSA. Based on the available information, DEGUSSA’s fee structure remains notably unclear. There is no explicit detail regarding inactivity fees or the specific conditions under which they might be charged. This lack of regulatory oversight and transparency naturally raises some concerns for me, as the potential for unexpected costs—such as inactivity fees—can present real risks, especially if the broker is not operating under any recognized regulatory supervision. Personally, whenever a broker does not provide comprehensive information on fees, I see this as a red flag. In my own trading decisions, I place high value on predictable and well-communicated costs, and I caution anyone to proceed especially carefully when such clarity is lacking. Because DEGUSSA is currently unregulated and its documentation does not clearly address whether inactivity fees apply, I would advise traders to directly contact the broker’s customer service for up-to-date and explicit clarification before opening an account or depositing funds. For me, financial safety depends heavily on both transparency and regulation, neither of which appears robust for DEGUSSA at this time.

Broker Issues

DEGUSSA

Fees and Spreads

2025-06-19

United States