DMM FX Australia Pty Limited brokerage firm was registered in Australia in 2013. It represents dealing center that uses the most progressive trading, banking and IT technologies.
Company is growing rapidly; DMM FX is on the list of the largest market makers.
Independent traders and investors, big investment and hedge funds are interested in this company due to its service quality and wide range of trading instruments.
Money Deposit and Withdrawal
Traders can deposit and withdraw money using one of the following methods:
- Wire transfer (1-3 business days);
- Credit/debit cards (1 business day);
- Online payment systems – Neteller, POLipay, Fasapay, Skrill (1 business day);
Regardless of the transaction method, every operation will be executed with high level of safety and confidentiality.
DMM FX is a licensed broker. Its financial activities are regulated by ASIC (Australian Securities and Investment Commission). Thanks to this license company can guarantee high level of asset protection.
Apart from tight cooperation with regulation authority, DMM FX has internal standards (safety and confidentiality standards). Company also cooperates with insurance companies and banks, thus allowing to secure clients’ investments. Clients’ assets of more than 10 000 USD are kept on segregated accounts, allowing to keep clients money separated from company’s funds. Clients with smaller deposits can willingly open these accounts free of charge.
Close cooperation with world leading liquidity providers gives company high liquidity level and allows to provide comfortable trading conditions.
Bonuses and Special Offers
DMM FX offers a bonus program. According to it, every client with registered live account and 200 units minimum deposit of base currency gets 50 units of base currency bonus. Bonuses can’t be withdrawn, it is aimed for trading.
You can find more details on bonus program on the company’s website.
Trading Account Types
DMM FX offers one trading account type:
- Minimum deposit – 200 USD;
- Minimum lot size – 0,01 of a standard lot.
- Unlimited amount of pending orders and opened positions;
- Trading instruments – 27 majors currency pairs. 7 of them are exotic;
- Fixed spread 0,5-2 pips;
- Hedging is allowed;
- Scalping is forbidden;
- Automated trading is allowed for clients with deposits more than 10 000 units of base currency.
- Stop Out – 70%;
- Leverage – from 1:1 to 1:600.
To open a live account you can use following currencies:
- AUD (Australian dollar);
- GBP (British pound sterling);
- NZD (The New Zealand dollar);
- USD (United States dollar);
- EUR (Euro).
Trading Platform Types
DMM FX clients can trade using the most popular trading platform – MT4. Company’s experts changed platform architecture substantially, widening its functionality. МТ4 from DMM FX is powerful multi functional software suite allowing to solve different tasks.
Quantity of trading strategies was widened with the help of unique indicators and advisors.
Trading platform consists of several versions, aimed to be used on PCs and mobile devices. Also DMM FX offers web-oriented trading platform version that needn’t be installed on your computer or mobile device, and provides full account management through the Internet.
Company’s technical support service works according to the highest modern requirements. Works – 24/5. Supported languages:
You can communicate with technical support team using following channels:
- Multichannel phone (you can also use “callback” option);
- Interactive website forum.
Company attracts new clients using expansive policy and pays great attention to training courses. Clients can use powerful research and information source, and well-organized library. In its catalogs you can find issue-related information about numerous of questions about online trading. Without a doubt, beginners and professional traders will find something new in those catalogs.
Pros of trading with DMM FX
DMM FX’s main advantage is the high quality of provided services.
Accuracy and precision of orders execution (with no requotes and slippages) became company’s trademark.
Company also has some disadvantages. It has no alternative in trading accounts and platforms. We can talk about trading optimization and situation when broker doesn’t want to distract trader from his job, but such narrowness is not its best feature.
Multi-language technical support service is not the best either. Company claims that it has ambitions, and leads quite aggressive advertising campaign all over the world, bearing on three Asian languages and English. It looks like shady deal.
DMM FX Reviews
Versaz: I’ve been working here for 6 months and have no claims. They accomplish everything that was promised. Bonus was paid off. Orders are executed precisely, there weren’t any requotes. There are no problems with withdrawal.
Sergey Zaev: DMM FX is quite interesting forex broker. I’ve been working with them from the very beginning. There is no support in Russian, and it’s not very pleasant, but it’s no big deal. The rest is great. Orders execution, money withdrawal – everything is on the highest level. I recommend this broker.
DMM FX can be described as young company with great ambitions. There are some problems. Nevertheless, company strives to solve its problems gradually, without shifting its responsibilities to clients.