Forex market represents the largest part of the financial market. This isn’t due to the fact more and more people began trading only. The sudden increase of the Forex brokers number during the last years has influenced this trend, as well. It is curious for us to know whether this big abundance of Forex trading websites is beneficial or inconvenient for you. To some, it might be better, because the more you are offered, the bigger your chance to profit becomes. But if you look closer at this, think about the confusing and annoying feeling of having no idea what platform to trust and where to invest your money. Answering these questions is never easy – especially when there are so many brokers out there. Reading reviews is a bliss, because they give you at least slight idea as to where to orient to. Here is one more review of this kind – DMM FX review for traders, who understand how important it is to trade foreign currencies at the right place.
DMM FX – Company and History Information
DMM FX is a comparatively new Forex broker – with good facilities, interesting strategy to remain classical, but to get more registered customers, nice reputation and awesome chances to earn money from trading. The broker was established in 2013 in Sydney, Australia. This is actually the period, when Forex trading had begun to spread around the country as a completely legal, safe and what is more important – protected area to earn money. The broker is owned by an Australian company with the same name – DMM Group with average experience in financial services, but with zero trading platforms up to the moment DMM FX appeared. Once this happened, though, the Australian regulation agency for all companies – financial services providers, including digital trading platforms – ASIC (Australian Securities and Investments Commission) has provided DMM FX with official license. Later, when FSA joins the support of this new broker, DMM FX has become a real factor in Forex world. It is now considered as safe and transparent as to financial transactions. Alongside FSA and ASIC, the National Australian Bank brings even more strong points to broker`s reputation. And today, financial specialists in Australia recognize it as a great choice for both – advanced traders and beginners in the field. FX Empire is another institution that sees the potential in DMM FX by rewarding the trading site with the award for Most Innovative Forex broker for 2014 year.
DMM FX and Its Trading Platform
Probably, to many of you, the reliability of the trading platform a broker uses represents the overall broker`s reliability. Even so, keep claiming that DMM FX is a decent and trustworthy place, where you can invest your money and have great time in trading. The platform is powered by the most popular Forex software in the world today – MetaTrader 4 (MetaTrader Terminal and MetaTrader for Mac). This system keeps the trading experience fast, secured and intriguing without putting any distracting elements. On the contrary – the platform is intuitive and easy to be navigated. In addition to the constant company`s desire to grow and innovate, as well as to the simple and customer-friendly website layout, M4 gives you the most ideal environment for foreign currency exchange trades. Do not miss to install an iOS or Android app on your mobile device – tablet or smartphone – to try mobile trading, as well!
Basic DMM FX Customer Support Services Overview
Representing one of the largest Forex trading partner on the globe, DMM FX has no other chance or choice except for providing perfect customer support service for its giant audience, too. It takes only one talk to the kind customer support representatives from the site to know that you can really rely on them and with 24/6 working time. Talk to them via e-mail message, phone call or through the integrated live chat. It`s free and its`s useful!
Account Types at DMM FX Broker
Currently, DMM FX offers only two types of an account for your financial trading experience.
- Demo account – switch to it in case you want to test the trading platform in advance without risking your own money. The demo account is available for a certain period of time, but with the same rates and extra low spreads. This option is strongly recommended for beginners in the field, who had no chance up to now to practice.
- Standard account – the minimum deposit requirement is $ 200. You can open it after making a complete registration and choose a currency to manage your funds: EUR, AUD USD or more than 150 more currency types. There are no limits on spreads or commissions here, so you can enjoy trading at a full value without being charged for extra services.
All Payment Methods at DMM FX Broker
Payment methods are important to be know, so any trader to be able to choose the best way for making deposits and claiming for withdrawals. The withdrawals usually take up to 48 hours, while the deposited transactions are mostly transferred immediately. These are all DMM FX payment methods:
- Visa debit or credit card
- Skrill MoneyBookers
- Poli internet banking
- ordinary bank wire transfer
Other DMM FX Features To Consider
Traders with poor knowledge in Forex can take the benefits of using the learning center based on DMM FX. You can find glossary, free lessons and tutorials here for free. The Forex calender will help you organize your activity without letting yourself missing even one convenient moment to earn some cash. There is also news center with company and Forex latest news to remain always informed and ready to make trades. The spreads are mainly 0.5 pips, but you can find 0.7 pips, too – for the most common foreign currency pairs, for instance, like AUD/USD. Speaking of which, there are all types of assets on DMM FX platform: dozens of stocks, up to 30 different currency pairs, stocks – gold, petrol, silver and etc – as well as indices. The leverage can get up to 1:600.
DMM FX – Exclusive Bonus System
Currently, DMM FX provides these bonus types:
- – no deposit welcome bonus – $ 50 – that is automatically added to any new customer`s account wallet right after the official registration on the page is done.
- – Ordinary deposit bonus – 30% of your initial investment will be credited to you, so make sure you deposit more to get more!
- – Loyalty bonus for all regular and old customers on DMM FX page!
Feel free to join DMM FX now! This Australian trading page is not just potential, but attractive with its sleek website design, great bonuses and cool facilities to meet!