Established in 2013, DMM FX is an online trading broker that operates the STP execution model, which offers instant access to the interbank markets. The broker is based in Kingstown, Saint Vincent and the Grenadines; they provide traders with the intuitive MT4 trading platform for trading forex, metals, commodities, cryptocurrencies, CFDs, and other trading instruments. In addition, their clients are offered some essential trading conditions, such as leverage of up to 1:500, variable spreads, zero commissions, and more. The minimum deposit required to start trading is $200.
DMM FX Review Introduction
In this DMM FX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including DMM FX.
DMM FX Platforms & Tools
At DMM FX, all trading activities are carried out using the MT4 trading platform. It was launched in 2005 by a Russian software company — MetaQuotes. The platform is designed to suit traders of all levels with a user interface that is user-friendly yet packed with versatile functionalities. It features charting tools, market indicators, scripts, expert advisors, advanced risk management tools, real-time market execution, and more. The MT4 trading platform is available as a desktop application for Windows and Mac computers and a mobile app for Android and iOS devices. The web version can also run directly on most modern web browsers, including Chrome, Safari, Firefox, and Edge. The MT4 web version eliminates the need to download or install any additional software.
DMM FX Research & Education
There is a limited selection of educational resources on the broker’s website. However, it will help if the broker makes some comprehensive learning resources available, such as a glossary, news, FAQs, and more.
DMM FX Trading Accounts
DMM FX provides traders with a single live trading account option. The account requires a minimum deposit of $200 to start trading. In addition, there is a demo account option to enable traders to familiarize themselves with the broker’s platform before opening a live trading account.
DMM FX Account Funding
The broker allows traders to deposit and withdraw funds to and from their trading accounts using banks and credit/debit cards, such as Visa, MasterCard, and Maestro.
DMM FX Customer Service
The broker provides traders with a competent client support team to help them with any assistance they may need. The support team is always available and can be contacted via telephone and email.
DMM FX Regulation
There is no regulatory information on the broker’s website at the moment. An unregulated broker is often perceived as unsafe since the safety of the invested funds is not guaranteed.
DMM FX Review Summary
Operating from Kingstown, Saint Vincent and the Grenadines, DMM FX is an online retail broker that allows traders to trade various financial markets using the MT4 trading platform, which is available in multiple versions. Their clients enjoy different trading conditions, such as zero commissions, tight spreads, high leverage, and more. A reliable client support team is available to assist traders. The minimum deposit required to start trading is $200. But there is no regulatory information on the broker’s website at the moment.
It is worth mentioning that some of the trading products and services in this DMM FX review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the DMM FX broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.