My three customs have their logos on the downtube plus headbadge/stickers and a sticker on the seat tube. My custom stems have stickers. The two stock bikes got powder coats and no logos except the headbadges went back on. I received the Trek decal-free. The Raleigh Competition came with all decals but brazing so poor there was no way I was going to give Raleigh credit for a QC disaster. (I paid a local frame builder half a grand for the brazing that should have been there when the bike left the factory,)

Ben