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DMM FX offers clients the opportunity to trade in derivatives such as margin foreign exchange contracts and contracts-for-difference (CFDs).
This institution is a subsidiary of the world’s second largest retail broker, DMM Securities, in Japan.
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:
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:
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 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.
If you have decided to use the DMM FX platform, you can register for either a demo account or a live account.
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.
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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