dmmfx_ForexTradingTime.com_ Forex Brokers List, forex Directory- Review

Regulation ASiC
Accepts US Clients: No
Min. Deposit: $200
Leverage: 600:1
Platforms: MetaTrader 4 , Mobile Applications

Broker Overview

Company Information

Broker’s Name DMM FX Australia
Website dmmfx.com.au
Headquartered in Australia
Founded in 2013
Regulating Authority ASiC
US Clients Accepted  ForexTradingTime.com_ Forex Brokers List & Reviews
Telephone Number 61280391800
Fax Number 61280790712
E-mail Address au-support@dmmfx.com

Account Options

Type of Broker Market Maker , STP
Commission No
Mini Account  ForexTradingTime.com_ Forex Brokers List & Reviews
VIP Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Segregated Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Islamic Account (Swap Free)  ForexTradingTime.com_ Forex Brokers List & Reviews
Demo Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Institutional Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Managed Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Maximum Leverage 600:1
Minimum Deposit $200
Deposit Options Bank Wire Transfer , China UnionPay , Credit Card , Debit Card , FasaPay , Neteller , Poli , Skrill
Withdrawal Options Bank Wire Transfer , Credit Card , Debit Card , FasaPay , Neteller , Skrill

Bonus & Rewards

No Deposit Bonus Yes
Bonus for First Deposit  Yes
Is the Bonus Based on the Volume of the Transaction?  No
Other Bonuses  Yes

Trading Platform

Platform Type MetaTrader 4, Mobile Applications
Platform Languages English, Italian, Spanish, German, Russian, French, Portuguese, Greek, Hebrew, Turkish, Dutch, Arabic, Polish, Chinese, Japanese, Swedish, Multi-lingual
OS Compatibility Mac OS , iOS , Windows , Android
Streaming News Feed  Yes
Trading Signals  Yes
Automated Trading  No
Trade From Charts  Yes
Market Commentary  No
E-mail Alerts  Yes
Mobile Alerts  No
Scalping  No
Hedging  Yes
Trailing Stops  Yes
Guaranteed Stop Loss  No
Guaranteed Limit Orders  Yes
Guaranteed Fills  No
Interest on Margin  No
One-Click Execution  Yes
OCO Orders  No

Customer Service

Customer Support Languages English, Arabic, Chinese, Japanese, Hindi, Multi-lingual
Customer Service Hours 24h
Place Trades Over the Phone?  No

DMM FX - Review

DMMFX is a leading online forex and CFDs trading platform that is part of the world’s largest retail forex brokerage group in terms of trading volume. They are regulated by the Australian Securities and Investments Commission (ASIC) as well as the Japanese Financial Services Agency (FSA).

DMMFX offers their traders one of the fastest trade execution services around in the industry. In addition, DMMFX’s traders have the benefit of real time chart trading, mobile trading and support for mobile trading. With the broker’s access to DMM Group’s network of liquidity providers, this has enabled DMMFX to provide their traders with some of the tightest spreads on the more frequently traded currency pairs.

dmmfx_ForexTradingTime.com_ Forex Brokers List, forex Directory- Review

Trading Platforms

For trading platforms, DMMFX offers their traders the use of the MetaTrader 4 (MT4) trading platform. The platform is regarded as the online forex trading industry standard platform and is the most popular forex trading platform among spot forex and CFDs traders. The MT4 platform comes with a wide array of integrated trading tools designed to enhance one’s trading experiences.

Features such as real time price quotes, a comprehensive integrated charting package and live news streaming enable traders to simplify the task of analyzing the markets. Traders who are constantly on the move can also utilize the MT4 trading platform by installing the MT4 app onto their smartphones or tablet.

dmmfx_ForexTradingTime.com_ Forex Brokers List, forex Directory- Review

Account Types

DMMFX only offers one type of standard forex trading account which requires a minimum deposit of £/€/$200 ( 20,000 JPY) – to open. The standard forex account allows traders to trade with lots as small as 0.01 lots to maximum size of 20 lots. Depending on the trade size and asset traded, the leverage ratio can range from 1:1 to a maximum of 1:600. Currently, DMMFX is running a promotion for new traders offering a welcome bonus of $30 plus a deposit bonus of 100%+30%, up to $30,500 trading credit, who make an minimum initial deposit of £/€/$200 ( 20,000 JPY).

 dmmfx_platform_ForexTradingTime.com_ Forex Brokers List, forex Directory- Review

Commission & Spreads

Many traders are especially drawn to DMMFX because of the ultra low spreads which they offer. For example with the USD/JPY, the minimum spread starts from only 0.5 pips. Frequently traded majors such as the EUR/USD and AUD/USD only cost as little as 0.7 pips to trade with. Nevertheless, traders should be aware that these spreads could widen during periods of high volatility or when the markets are illiquid.

 

Customer Support

To make it easier for traders to understand what they are looking at, DMMFX has made their website and trading platform available in multiple languages. Request for assistance from the support team can be done through, email, telephone or live chat during the hours from Monday 7:00 am (AEST/AEDT) to Saturday 7:00 am (AEST), or 9:00 am (AEDT). For Australian and New Zealand based traders, toll free numbers are provided for them.

 

Pros

  • 24/6 Customer Support Service
  • Attractive Promotional Offers
  • No Irritating Sales Calls
  • Reputable Broker
  • Robust Trading Platform
  • Safety Of Funds
  • Ultra Tight Spreads
  • Wide Range Of Assets Available For Trading

 

Cons

  • Localized Telephone Numbers Limited To 2 Countries Only
  • No Web Trader Provided

 

Conclusion

From our observation, DMMFX has shown itself to be capable of providing their traders with a secured trading environment as well as a client friendly trading atmosphere. Their trade execution services and superb customer support services are what sets them apart from other brokers. They have designed their platform well so as to be able to accommodate traders of any level of trading experience. Regardless of whether you are a big time professional trader or a new trader who is just starting to trade, you can rest assured that DMMFX is the broker for you.

 

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