DMM FX

UPDATE:

DMMFX is no longer accepting new clients.

We recommend choosing one of our top forex brokers instead:

 
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Try also Binary Option Robot if you are looking for automated binary trading.

DMM FX LogotypeWhile only having been founded in 2013, numerous traders out there would likely view DMM FX as a very young Forex broker on the market where most famous Forex brokers have have been active for at least 10 years already. In that capacity, some Forex traders may think whether or not DMM FX is good and reliable enough.

Even though there is no denying that DMM FX itself has just been operational for only a couple of years, the truth is that they are sponsored by such a market legend as DMM Group, which has been present on the market since 2000.

By and large, the DMM Group is viewed as the biggest Forex specialist in the business as far as the trading volume processed every year goes.Footer ADvantage

The DMM Group at first begun with only a modest number of employees. Today, they have extended their operations so much that they now have nearly 600 people working as their staff worldwide and had more than half a billion of revenue last year.

Welcome Bonus Live AccountAside from providing outstanding financial services, the DMM Group is also working on many interesting products in different industries such as digital entertainment or IT services.

So while the DMM FX Forex trading site may be moderately new in the business, they are supported by a financial group that is by and large a huge player in the web-based trading industry. There are clear advantages for merchants to choose a trader that is related with such a giant in the trading business.

Just for instance, let’s take DMM FX’s ultra small spreads. DMM FX is just ready to offer their traders such a low rate in light of the fact that the broker could take advantage of the DMM network system of liquidity suppliers.

Apart from those benefits, DMM FX is additionally a licensed and regulated broker. This ought to ease any feelings of dread or questions that may emerge in the brains of the traders who are new to DMM FX. DMM FX is regulated by the Australian Securities and Speculation Commission (ASIC) and holds an Australian Financialt Administrations (AFS) permit under the number 437734.

This implies that DMM FX is working in consistence with the laws of the Australian Organizations Act 2001 and ASIC Act 2001. For instance, all of DMMFX customer funds have to be kept isolated in Level 1 banks (like, for example, the National Australia Bank).

Likewise, DMM FX has been perceived by the trading market itself as being a standout broker amongst the most creative and the most reliable Forex brokers out there. And only a year after they started their operations!

With such a solid corporate establishment and outstanding performance in the last few year, we can just anticipate that DMM FX will keep on growing both in quality to quality in the next years.

As for the trading platforms that it has, DMM FX offers their brokers the utilization of the MetaTrader 4. The MT4 is viewed as the online Forex market standard for platforms like Binatex, Exness , Swissquote and IQ Option. Also, it is also the most well-known Forex platform among CFDs and spot Forex traders worldwide.

Metatrader Screens

One of the trading platforms offered by DMM FX is the famous MT4 Platform

The MT4 accompanies a wide cluster of incorporated trading solutions intended to expand anyone’s trading portfolio. These features include, for example, real-time price quotes, a thorough incorporated graphs to illustrate market changes and live news that keep traders informed about these changes.

Those traders who enjoy mobile trading, can likewise use the MT4 trading. They simply need to install the MT4 application onto their cell phone or tablet.

Types of Trading Accounts

Fixed Ultra Low SpreadsDMM FX just offers one kind of standard Forex account which requires a minimum deposit of 200 units (can be dollars, euro or pounds) to open it. This standard Forex trading account enables you to trade with parcels with as little as 0.01 lots to most extreme size of 20 lots. Contingent upon the trade size and resource traded, the said proportion can go from 1:1 to a most extreme of 1:600.

Right now, DMM FX is running a very appealing promotion for new traders who join them, offering a generous reward of 30 dollars in addition to a welcome bonus that is 130% at the moment and trading credit for up to 30,500 dollars.

Commission and Spreads

Numerous traders are particularly attracted to DMM FX due to the ultra low spreads which the broker is able to offer. For instance, with the USD/JPY, the base spread begins from as low as 0.5 lots.

As for those combinations that are the most popular among traders (for example, the EUR/USD and AUD/USD) cost a meager 0.7 lots to exchange with. In any case, traders ought to know that these spreads could extend amid times of high instability or when the business sectors are illiquid.

Australian BrokerDMMFX Customer Support

To make it less demanding for traders to comprehend the broker’s services and the platform organization, DMM FX has made their site and exchanging stage accessible in numerous languages.

Whenever you want to contact customer support, you can do so via email, phone or live chat during the working hours. Those are from Monday 7am to Saturday 7am or 9am (Australian time). For the traders based in Australian and New Zealand based, toll-free numbers are also available.

 

Conclusion

ApprovedAfter a careful review, we can confirm DMM FX has shown itself to be fit for serving their users at their best with secure trading conditions and a user-friendly trading platform. Their helpful customer support team and exceptional client support service is what separates them from different brokers on the market.

They have managed to make their platform so that it would have the capacity to suit Forex traders of any level of knowledge and background. Whether you are a very experienced trader or just a trader who has quite recently began trading, you can rest guaranteed that DMM FX is a good choice for a broker for you.

Pros:

  • Appealing Limited time Offers
  • No Promo Deals Calls
  • 24/6 Customer Support Availability
  • Trustworthy Intermediary
  • User-friendly trading platform
  • Extremely Small Spreads
  • Extensive variety Of Benefits Accessible For Traders

Cons:

  • Toll-free Phone Numbers available in only 2 countries

7 Binary Options review: DMM FX: 4 stars

John Miller
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John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
John Miller
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