DMM FX Forex Trading Review |

DMM FX forex trading services

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Trade internationally with the help of DMM FX – one of Japan’s foremost Forex broking services.

DMM FX offers clients the opportunity to trade in derivatives such as margin foreign exchange contracts and contracts-for-difference (CFD).

This institution is a subsidiary of the world’s second largest retail broker, DMM Securities, in Japan.

What can you use DMM FX for?

Forex trading

The Foreign Exchange (Forex) market is the largest financial market with over $4 billion USD being traded daily. DMM FX offers a platform where users can open a forex trading account for with a minimal balance.

The forex market operates 24 hours a day. This gives you an opportunity to react to breaking news, fluctuating price movements and changing political developments. Another factor that makes forex trading appealing to traders is the use of leverage. For example, 1:100 leverage allows a trader to buy or sell $10,000 worth of currencies with a $100 deposit. Other attributes you can expect from the DMM FX include:

  • Low spreads. DMM FX offers tight variable bid-offer spreads.
  • No limit on spreads. There are no limits on Stop Loss or Take Profit orders.
  • No commission. Trading profits are not reduced by clearing fees, exchange fees or brokerage fees.
  • Low account balance. Open a DMM FX account with a minimal balance.

Contracts-for-Difference (CFD)

A CFD is a product that lets you make a profit or loss depending on the buy price or sell price of the financial instrument that you are trading. It is possible to pay for just a small percentage of the contract value (called margin requirement) because you don’t own the underlying financial instrument. DMM FX features the following attributes:

  • Competitive pricing. The spreads from DMM FX are very tight and highly competitive.
  • No limits on orders. Get more control on how you trade with DMM FX.
  • Multiple products.Choose from a wide range of instruments including commodity CFDs and index.
  • No commission. Trading profits are not reduced by clearing fees, exchange fees or brokerage fees.

Precious metals CFDs

Commodity CFDs are appealing to traders who are expecting significant price movements. The process of trading spot gold and silver at DMM FX is similar to trading currencies. Gold and silver are the most highly traded derivative instruments in the market today. It is possible to get high profit returns when you trade in commodities.

Indexes CFDs

Indexes are the most popular forms of CFDs. At DMM FX, you have options from indexes around the world including SPX500, NAS100, US30 and JPN225. Index trading lets you trade on the performance of the stock markets which is less risky than trading individual company stocks.

The registration process

If you have decided to use the DMM FX platform, you can register for either a demo account or a live account.

Opening a demo account:

  • Go to the DMM FX website
  • Register with your email and password

Opening a live account:

  • Go to the DMM FX website
  • Fill out the registration form
  • Provide your driver’s license or passport details
  • If you do not have a driver’s license or passport, you need to submit the form and wait for the DMM FX team to offer additional identification options
  • Click submit

After your identity has been verified, your account will be activated. The next step is then to deposit funds into the account. This can be done with a credit card (1% charge apply for domestic cards and 3% for international cards) or wire transfer.

What platforms does DMM FX Offer?

  • MetaTrader 4 Terminal. This is one of the most notable trading platforms in the market. It provides real-time quotes on indexes and currencies, comprehensive charting, technical tools and economic news.
  • WebTrader. This offers a user-friendly interface in a customizable trading environment. It has advanced management and charging tools that will help users manage their trade effectively. Payments can be processed with just two clicks.
  • MetaQuotes Apps. DMM FX recognizes that many of its users want to trade on the go. For this reason, it supports the MetaQuotes iPhone application which enables you to trade on Apple and Android phones and tablets.

Why should you choose DMM FX?

  • Live chat. If you have any questions or problems with your DMM FX account, it will be resolved quickly because the company offers 24 hour support, 6 days a week.
  • User-friendly interface. The interface is designed for traders with different levels of trading experience. The platform offers real-time charts that are easy to understand.
  • Tight spreads. DMM FX offer tight spreads across all major currency pairs because it has access to DMM Group’s network of liquidity providers.

Frequently asked questions

  • How many currency pairs are offered?
    DMM FX deals with most currency pairs. More details are available on the Forex products page.
  • Do you have demo accounts?
    Yes, demo accounts are provided to help clients become comfortable with the platform. The demo account does not expire so you can learn on your own time.
  • More about DMM FX
    DMM FX has a global network of banking relationships which allow it to pass tight spreads across a full range of financial products. DMM Securities Japan, its parent company, is the second largest retail forex broker in terms of volume. You are assured that you are dealing with a robust and secure financial services company.
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