Wikilix
Contract reading

What DecodeFX legally published, but does not want you to read

Every clause below is published by DecodeFX itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Decode Global Limited

hidden feesole discretionconclusive evidencedeemed acceptanceforum waiverjurisdictionprofit voidingunilateral amendmentwithdrawalsaccount security

DecodeFX promises negative balance protection on its accounts page. Its Product Disclosure Statement says you may lose substantially more than you deposit, and works an example ending in a $5,000 debt. The contract lets DecodeFX cancel profit it decides came from scalping, defined as trades held under 180 seconds. You contract with Decode Global Limited in Vanuatu, not the ASIC licensed company shown first on the About Us page.

Back to DecodeFX

Contract risk

Money at risk
7.8/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
7
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
14
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
5
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
5

How the 14 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical7
Warning7
Notice0

section 381 of 388is where the deepest clause sits: the very end of the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

4 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical$5000In the contract. Jump to the clause this comes from.Negative balance protection promised online, denied in the contractCritical180Profit at risk. Jump to the clause this comes from.Profit cancelled on trades held under 180 secondsCritical3 working daysTime to complain. Jump to the clause this comes from.Twenty four hours to challenge a trade, then silence is agreementCritical5Withdrawal limit. Jump to the clause this comes from.Five grounds to hold your money, and no deadline to release it

What the documents say

14 clauses worth knowing about, worst first, each quoted from DecodeFX's own files

01

DecodeFX tells you on its accounts page that your account cannot go below zero. Its Product Disclosure Statement says the opposite, and works an example that leaves you owing DecodeFX $5,000.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

You can end a bad day owing DecodeFX money you never deposited. The contract beats the web page, and clause 6.2 then charges you interest on that debt.

Exhibit 1CriticalHarder than usual$5000

You may lose substantially more than the initial investment. You may incur losses to the extent of your total exposure to us and any additional fees and charges that apply.
Clause 2.18 in Product Disclosure Statement: Margin Foreign Exchange Contracts and Contracts for Difference, p.16
Read from the broker's site on Open the reference

Where it sits: section 31 of 126 in the Product Disclosure Statement: Margin Foreign Exchange Contracts and Contracts for Difference, near the start.

What it costsThe example starts with $10,000 in the account. It ends with the account wiped out and $5,000 owed to DecodeFX.

Set against a regulated standard: ASIC (Australia), FCA (UK), ESMA (EU)

Firms licensed by ASIC, the FCA or under ESMA rules must give retail clients negative balance protection, so a retail account cannot fall below zero. This contract says you may lose substantially more than you deposit.

DecodeFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 9The debt that example creates then carries 10% a year, compounded daily, from the day it fell due.
02

Close a trade inside 180 seconds and DecodeFX can call it scalping, then cancel profit you have already banked. Clause 8.7 needs only its own suspicion, and names no appeal.

Why this matters

You can watch a realised gain disappear days after you took it. Nothing in clause 8.7 obliges DecodeFX to show you what it relied on.

Exhibit 2CriticalHarder than usual180

Positions do not have a minimum duration however if we suspect in our sole and absolute discretion that the trade constitutes the practice of scalping (as understood by industry participants) we reserve the right to cancel, amend or reject any order or re-price or close out existing positions or cancel previously realised profits or losses. Scalping includes but is not limited to trading strategies that involve the opening and closing of positions within 180 seconds.
Clause 8.7 in Terms and Conditions: Margin FX Contracts and CFDs, p.20
Read from the broker's site on Open the reference

Where it sits: section 97 of 388 in the Terms and Conditions: Margin FX Contracts and CFDs, near the start.

  • Worse together with Exhibit 5The suspicion that cancels the profit is also a determination you agreed cannot be reviewed on its merits anywhere.
03

Using a VPN, a virtual private server, or two accounts on one internet connection puts all your trades at risk. Clause 9.7 lets DecodeFX treat them as void unless you produce conclusive evidence within 7 days.

Why this matters

You have to prove a negative, to a conclusive standard, in a week. Many traders use a VPN for ordinary privacy, and one household connection is enough to put two accounts on a single IP address.

Exhibit 3CriticalRarely seen7 days

j. You are using a virtual private server or virtual machine; k. You are trading via a virtual private network;
Clause 9.7 in Terms and Conditions: Margin FX Contracts and CFDs, p.24
Read from the broker's site on Open the reference

Where it sits: section 117 of 388 in the Terms and Conditions: Margin FX Contracts and CFDs, 30% of the way through.

Our readingMost agreements let a broker investigate suspected abuse. Clause 9.7 instead lists ordinary privacy and hosting tools, a VPN, a virtual private server and TOR, as triggers, then puts the burden of proof on you at a conclusive standard.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Notice givenDecodeFX tells you it suspects one of the listed activities.9.7
Within 7 daysYou must produce conclusive evidence that you broke none of the terms.9.7
After 7 daysDecodeFX can treat some or all of your trades as void from the start.9.7
In additionDecodeFX can withhold funds it suspects came from the activity, and close your account.9.7
04

You get 24 hours to challenge a trade confirmation. Miss it and clause 6.7 counts your silence as acceptance of whatever DecodeFX recorded.

In plain words

A manifest error means an obvious mistake by the broker.

Why this matters

A bad fill you notice on Monday can already be final. You get 3 business days on account statements, and DecodeFX's own computer records are treated as conclusive evidence.

Exhibit 4CriticalHarder than usual3 working days

If the Confirmation does not appear on the Trading Platform within two (2) minutes you must contact us immediately. If you do not do so within twenty-four (24) hours, what we have recorded in relation to the Contract will be deemed to have been accepted by you.
Clause 6.7(a) in Terms and Conditions: Margin FX Contracts and CFDs, p.15
Read from the broker's site on Open the reference

Where it sits: section 78 of 388 in the Terms and Conditions: Margin FX Contracts and CFDs, near the start.

05

Your withdrawal can be held back on any of five grounds in clause 17.4. One of them is DecodeFX deciding you might need the money for margin later. No clause sets a deadline for releasing it.

Why this matters

The site promises crypto payouts instantly after approval. Approval is the step with no clock on it, and clause 23.1 lets DecodeFX take what it says you owe before you see anything.

Exhibit 6CriticalHarder than usual5

When your Account is in credit, you may request that we effect payment by alternative means of the amount in credit of such amount as you may specify. But, we may at our discretion withhold from the amount of the credit balance if:
Clause 17.4 in Terms and Conditions: Margin FX Contracts and CFDs, p.44
Read from the broker's site on Open the reference

Where it sits: section 190 of 388 in the Terms and Conditions: Margin FX Contracts and CFDs, 49% of the way through.

  • Worse together with Exhibit 5DecodeFX decides whether a dispute is unresolved, and that decision is one you agreed cannot be reviewed.
06

You contract with Decode Global Limited in Vanuatu. The About Us page shows five licences and puts the Australian one first, while DecodeFX says on every page that it cannot serve Australians.

Why this matters

The ASIC licence you see belongs to a different company. Its protections are not part of your contract, and Vanuatu law is. No ombudsman and no compensation scheme is named anywhere in these documents.

Exhibit 14WarningHarder than usual5

WE/ US/ OUR/DECODE means Decode Global Limited (CN:700415);
Clause Schedule 1 in Terms and Conditions: Margin FX Contracts and CFDs, p.83
Read from the broker's site on Open the reference

Buried at section 381 of 388 in the Terms and Conditions: Margin FX Contracts and CFDs, 98% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give retail clients access to an independent ombudsman once an internal complaint fails, and cover them under a statutory compensation scheme. These documents name neither.

DecodeFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Twenty four hours to object, and no forum that can review the answer

Clause 6.7 gives you 24 hours to dispute a trade confirmation before your silence counts as agreement. Clause 2.9 says DecodeFX owes you no duty of good faith, and that its determinations cannot be reviewed on their merits in any forum. Clause 3.7 keeps you liable for trades even where DecodeFX knows you did not place them.

Challenging a decision2 clauses flagged

DecodeFX writes in clause 2.9 that it owes you no duty of good faith and is not obliged to act in your best interests. The same clause says its own findings cannot be reviewed on their merits anywhere.

Why this matters

You cannot ask a court or an arbitrator whether DecodeFX got it right. You agreed in advance that its opinion is the final word.

Exhibit 5CriticalRarely seen

We will try to act efficiently, honestly and fairly in exercising our discretion and accordingly, we have no express or implied duty of good faith, nor are we obliged to act in your best interests or to avoid or minimise a loss in your Account.
Clause 2.9 in Terms and Conditions: Margin FX Contracts and CFDs, p.9
Read from the broker's site on Open the reference

Where it sits: section 29 of 388 in the Terms and Conditions: Margin FX Contracts and CFDs, near the start.

Our readingAn explicit disclaimer of good faith is unusual in a retail agreement. Rarer still is the sentence putting DecodeFX's own determinations beyond merits review in any forum, which is a waiver you give before any dispute exists.

Anyone who trades using your account number is treated as you. Clause 3.7 keeps that true even where DecodeFX knows somebody else placed the orders.

Why this matters

If your login is stolen, the losses stay yours. The clause removes the one argument you would otherwise make, and DecodeFX knowing the truth does not change the outcome.

Exhibit 11CriticalRarely seen

You will be deemed to have authorised all trading under your Account number irrespective of who in fact issued the orders using the Account number. This presumption shall hold even where we possess knowledge (whether actual or constructive) that would refute the presumption.
Clause 3.7 in Terms and Conditions: Margin FX Contracts and CFDs, p.11
Read from the broker's site on Open the reference

Where it sits: section 48 of 388 in the Terms and Conditions: Margin FX Contracts and CFDs, near the start.

Our readingA deeming clause for orders placed under your credentials is normal. What is not normal is the second sentence, which keeps the presumption alive even where DecodeFX has actual knowledge that you did not place the trade.

The fee list sits in a help page and the fee schedule is missing

Withdrawals cost up to 2% at DecodeFX, and those figures appear only in a help page answer, not on the deposit and withdrawal page and not in either contract. The Product Schedule that sets commission, margin and the stop out level is not published at the address the contract gives. Money you owe carries 10% a year, compounded daily.

Cost disclosure3 clauses flagged

Taking your money out costs up to 2% depending on the method. The figures sit in a help page answer, not on the deposit and withdrawal page and not in either contract.

Why this matters

You check the funding page before depositing and see processing times with no fees at all. You meet the 2% when you try to take your money out.

Exhibit 7WarningStandard wording2%

Withdrawal fees may apply depending on the payment method used. Please refer to the schedule below for the details:
Quoted in DecodeFX FAQ: deposit and withdrawal fees
Read from the broker's site on Open the reference
Our own capture of decodefx.com, taken on Sep 11, 2026The claim, on Opening line of the English Deposit and Withdrawal page, which lists processing times and no feesVisit this page on the broker's siteDownload the full size image file
Our own capture of decodefx.com, taken on Sep 11, 2026What the contract saysThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

Where it sits: section 71 of 388 in the DecodeFX FAQ: deposit and withdrawal fees, near the start.

What it costs$1,000 withdrawn through Dragonpay arrives as $980. The same $1,000 through UnionPay or WeChat Pay arrives as $985.

The Product Schedule sets your commission, your margin and the level where DecodeFX closes your trades. The address the Product Disclosure Statement gives for it leads to a page that is not there.

Why this matters

You cannot check what a Pro account costs per lot before you open one. The stop out level that decides when your positions get closed sits in the same missing document.

Exhibit 8WarningHarder than usual

Product Schedule Means the product schedule for DECODE available at https://www.decodefx.com/product-schedule
Clause 10.2 in Product Disclosure Statement: Margin Foreign Exchange Contracts and Contracts for Difference, p.49
Read from the broker's site on Open the reference

Buried at section 117 of 126 in the Product Disclosure Statement: Margin Foreign Exchange Contracts and Contracts for Difference, 93% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose costs and charges to a retail client before that client trades. This contract sends you to a Product Schedule that is not published.

DecodeFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 7Both fee documents the contract relies on live outside it, one in a help page and one nowhere at all.

Owe DecodeFX money and you pay 10% a year on it, worked out daily and compounded. DecodeFX pays you nothing on your credit balance and keeps the interest that balance earns.

Why this matters

The 10% starts on the day the payment fell due, not the day anybody told you. Money sitting in your account earns you nothing while it earns DecodeFX something.

Exhibit 9WarningHarder than usual10%

Furthermore, if you fail to make any payment required under the T&Cs when it falls due, interest will be charged (and you will pay interest) on the outstanding sum at the rate of 10% per annum, being a genuine pre-estimate of loss incurred by us on your non-payment.
Clause 8.4 in Product Disclosure Statement: Margin Foreign Exchange Contracts and Contracts for Difference, p.44
Read from the broker's site on Open the reference

Buried at section 96 of 126 in the Product Disclosure Statement: Margin Foreign Exchange Contracts and Contracts for Difference, 76% of the way through.

What it costs$1,000 left owing for a year adds $100 at the stated 10% rate, before daily compounding is applied.

DecodeFX can rewrite the terms and your silence is consent

Clause 1.1 lets DecodeFX amend the agreement at any time. Clause 18.3 gives you 14 days to object and treats saying nothing as acceptance. Object and DecodeFX can require you to close your account, which leaves accepting as the only way to keep trading.

Changing the deal1 clause flagged

DecodeFX can change the agreement at any time. You get 14 days to object under clause 18.3, and if you do object it can require you to close your account.

Why this matters

Saying nothing counts as agreeing to the new terms. Saying something can cost you the account, so accepting is the only route that keeps you trading.

Exhibit 12WarningHarder than usual14 days

If you object to any changes, you must notify us within fourteen (14) days of the date the notice is deemed to be received under clause 36. If you do not do so, you will be deemed to have accepted the changes.
Clause 18.3 in Terms and Conditions: Margin FX Contracts and CFDs, p.46
Read from the broker's site on Open the reference

Where it sits: section 200 of 388 in the Terms and Conditions: Margin FX Contracts and CFDs, 52% of the way through.

Vanuatu courts for you, any jurisdiction for DecodeFX

Clause 35.1 puts your DecodeFX contract under Vanuatu law, and says the exclusive jurisdiction there is for DecodeFX's benefit only. DecodeFX can bring proceedings against you in any jurisdiction it chooses. Arbitration is open to you only if DecodeFX agrees, which clause 27.2 leaves to its absolute discretion.

Where you would sue1 clause flagged

Your contract runs under Vanuatu law, and clause 35.1 says the exclusive jurisdiction there is for DecodeFX's benefit only. DecodeFX can still bring proceedings against you wherever you live.

Why this matters

You travel to Vanuatu to sue. DecodeFX comes to you. Arbitration is open to you only if DecodeFX agrees to it, and it decides that in its absolute discretion.

Exhibit 13WarningStandard wording

You and we submit, for the benefit of us only, to the exclusive jurisdiction of the law of Vanuatu. For the avoidance of doubt, this clause 35 will not prevent us from commencing proceedings in any other relevant jurisdiction.
Clause 35.1 in Terms and Conditions: Margin FX Contracts and CFDs, p.70
Read from the broker's site on Open the reference

Buried at section 295 of 388 in the Terms and Conditions: Margin FX Contracts and CFDs, 76% of the way through.

DecodeFX sets the price and profits when you lose

DecodeFX is the counterparty to every trade you place, and sets the price itself. Its Product Disclosure Statement says the spread you pay is generally wider than the spread its own liquidity providers quote, and that the difference is its markup. Clause 9.1 lets it quote different prices to different clients.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Liquidity providers are outside banks and brokers.

Who you trade against1 clause flagged

DecodeFX is the other side of your trade and sets the price you get. Clause 9.1 lets it quote different prices to different clients, and its own disclosure says your spread is wider than the one its liquidity providers quote it.

Why this matters

The 0.0 pip spread advertised is DecodeFX's own number, not a market price. It profits when you lose, and the contract names no outside benchmark you could check it against.

Exhibit 10WarningHarder than usual

Different prices: we, in our absolute discretion, may quote different prices to different Clients and trade at different prices with different Clients;
Clause 9.1(c) in Terms and Conditions: Margin FX Contracts and CFDs, p.21
Read from the broker's site on Open the reference
Our own capture of decodefx.com, taken on Sep 11, 2026The claim, on Why Choose Us panel on the English About Us pageVisit this page on the broker's siteDownload the full size image file

Where it sits: section 103 of 388 in the Terms and Conditions: Margin FX Contracts and CFDs, 27% of the way through.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The accounts page says your account cannot go below zero, and the disclosure statement says your losses can exceed everything you deposited.

Said in public, in English

Yes. Negative balance protection ensures your account cannot go below zero due to adverse market movements.

Answer in the FAQ section of the English Trading Accounts page

In the contract · clause 2.18

You may lose substantially more than the initial investment. You may incur losses to the extent of your total exposure to us and any additional fees and charges that apply.

02

Every published time runs from approval, and no clause anywhere puts a deadline on approval itself.

Said in public, in English

Withdrawal times vary by method: Bank Wire Transfers take 3-7 working days, Crypto Withdrawals are processed instantly after approval, and Third-Party Gateway Payments are typically completed within 24 hours of approval.

Answer to How quickly will my withdrawal be processed on the English FAQ page

In the contract · clause 17.4

When your Account is in credit, you may request that we effect payment by alternative means of the amount in credit of such amount as you may specify. But, we may at our discretion withhold from the amount of the credit balance if:

03

Five regulators are displayed, and the company you actually contract with answers to Vanuatu alone.

Said in public, in English

Regulated by Multiple Financial Authorities Worldwide

Section heading above the licence row on the English About Us page, where ASIC Australia licence 246796 is listed first

In the contract · clause 35.1

These T&Cs, and each Contract between us and you, will be governed by and construed in accordance with the law of Vanuatu.

04

The spread is advertised as transparent while the disclosure statement says it is marked up above what DecodeFX itself is quoted.

Said in public, in English

We provide ultra-fast execution, deep liquidity from top-tier providers, and transparent spreads from 0.0.

Why Choose Us panel on the English About Us page

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of decodefx.com

In the contract · clause 4.4

The spreads we quote are generally wider than the spreads available in the Underlying Market or quoted by our liquidity providers. The additional spread represents our mark up.

05

The page devoted to deposits and withdrawals shows no fees, while the help page charges up to 2% to withdraw.

Said in public, in English

Manage your deposits and withdrawals through secure, transparent, and structured payment processes.

Opening line of the English Deposit and Withdrawal page, which lists processing times and no fees

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of decodefx.com

In the contract

Union Pay & Wechat Pay - 1.5% USDT - per lot 10 USDT (Gas Fee) USD Wire Transfer - 0%, 1% handling fee will be charged for cross-currency withdrawals FasaPay - 0% Paytrust - 1.5% Dragonpay - 2% Paypaid - 1.5%

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of decodefx.com

The documents this reading is based on

5 files, all published by DecodeFX. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording DecodeFX publishes.

How this reading was done

Every clause above was read out of a document DecodeFX publishes itself

This reading was published on .

Documents
5 of 5downloaded from the broker's site, and 5 read in full
Pages opened
80pages walked to find those documents, footer links included
Marketing pages
5public pages set against what the contract says
Position measured
14clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

Decode Global Limited

Decode Global Limited, company number 700415, at Govant Building, BP 1276, Port Vila, Vanuatu. Clause 35.1 puts your contract under Vanuatu law, and Schedule 1 defines DECODE as that company alone. It is not Decode Capital Pty Ltd, the Australian company whose ASIC licence 246796 appears first in the licence row on the About Us page. DecodeFX says on every page that it cannot serve residents of Australia. Both contract documents are dated 21 June 2021 and name MetaTrader 5 as the platform, while the site now sells four platforms and a Cent account the documents never describe.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

No inactivity fee and no dormancy fee appear anywhere in these documents. DecodeFX charges nothing to deposit, and its help page gives the withdrawal fee for each method as a figure. The Product Disclosure Statement is unusually candid. It admits DecodeFX profits as your counterparty, and says plainly that the spread you pay carries its markup. It also warns that pooled client money may not protect you. Clause 15.6 puts a five business day target on any suspension investigation, and the disclosure statement promises 30 days notice before a fee rises.

We read all four of DecodeFX's legal documents in full, plus the help page that carries its withdrawal fees. No earlier version of these documents is published, so this is a first reading with nothing to compare against. The Product Schedule sets the commission, the swap rates, the margin and the stop out level. It is not published at the address the documents give, so we could not read those figures. We did not see the client portal, which needs an account, so we cannot say what fees appear on the deposit screen itself. DecodeFX markets in ten languages, and we compared only the English pages against the contract.

How to check any of this yourself

Every quote above links to the DecodeFX file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document DecodeFX publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge DecodeFX on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 11, 2026.

If you represent DecodeFX and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on DecodeFX. Whether its licence is real and current is a separate check on the broker profile.

Back to the DecodeFX profile