DMM FX is a forex broker registered in Japan in 2018, with its headquarters in Tokyo. The broker primarily offers services including trading of financial instruments, over-the-counter derivatives trading (forex and contracts for difference), over-the-counter commodity derivatives, and commodity investment-related services (such as horse racing).
Corporate Background
DMM FX is a trading service provider, registered as DMM.com Securities Co., Ltd., with the company registration number 3011001111534, headquartered in Tokyo, Japan. The company was registered in the country in 2018. According to information found via a Whois search, the official domain name for DMM FX was registered on June 28, 1995.
Regulatory Information
DMM FX is regulated by the Financial Services Agency (FSA) of Japan. According to information found on the official website of Japan's Financial Services Agency, DMM FX is indeed regulated by this regulatory body. The company is a member of several financial associations including the Japan Securities Dealers Association, the Financial Futures Association of Japan, the Japan Investor Protection Fund, and the Japan Commodity Futures Trading Association.
Trading Products
DMM FX offers a variety of trading products, including financial instrument trading, over-the-counter derivatives trading (forex and contracts for difference), over-the-counter commodity derivatives, and commodity investment-related services (such as horse racing).
Trading Platforms
DMM FX provides investors with mobile and PC versions of trading tools as trading platforms. The mobile version is a multifunctional trading tool available for iPhone and Android, combining ease of use with functionalities comparable to those of the PC version. The PC version offers browser-based trading that doesn't require a download. The company has prepared a variety of high performance, user-friendly trading systems to meet traders' needs.
Account Registration
The specific method for registering a DMM FX account is as follows:
First, open the DMM FX official website and click "Account Opening" in the top right corner.
Then, click "New Account Opening Application" on the page.
Finally, complete the account registration by filling in information (such as email, password, etc.) as instructed.
Spreads and Leverages
DMM FX provides rates it generates from multiple sources, offering a trading environment of choice to its customers, although spreads are not fixed and may not apply at certain specific times. DMM FX offers quoted interest rates, which are percentages of interest rates provided to customers within the basic spread (actual value) range during a period.
The maximum leverage for company accounts is up to 25 times. The leverage for each currency pair fluctuates weekly, as calculated by the Financial Futures Association of Japan based on the assumed foreign exchange risk ratio.
Deposit and Withdrawal Methods
DMM FX offers two deposit methods: Quick Deposit and Transfer Deposit. Quick Deposit is a service that reflects deposits immediately using online banking, featuring 24-hour real-time deposit reflection, no fees, and the ability to make deposits from home via PC or smartphone. Transfer Deposit allows funds to be transferred to a designated bank account of the company from a bank counter, ATM, internet, etc., and reflects in the DMM FX account within about 30 minutes to 1 hour after arrival.
Through the trading tool operation, users can withdraw funds deposited in their DMM FX account to a registered "withdrawal account." There are no withdrawal fees. A withdrawal account needs to be registered in advance when making a withdrawal booking.
Customer Support
DMM FX provides traders with multiple contact channels, including an email inquiry form, telephone consultation, LINE consultation, and online chat. Traders can make inquiries and ask questions about DMM FX and DMM CFD through the email form. If traders have any comments or questions regarding DMM FX or DMM CFD, they can also contact through a toll-free number (0120-961-522).
Traders can also contact DMM.com Securities customer support through the popular LINE app. Lastly, they can contact DMM FX via chat, which replies automatically to traders' queries 365 days a year, 24 hours a day. This allows traders to send questions at any time.
Summary
DMM FX, registered in Tokyo, Japan, is regulated by the Financial Services Agency (FSA). DMM FX offers a variety of trading products, including financial instrument trading, over-the-counter derivatives trading (forex and contracts for difference), over-the-counter commodity derivatives, and commodity investment-related services (such as horse racing). TraderKnows reminds investors to carefully read the documents and terms and conditions provided before contract conclusion, understand the contents, and then make and take responsibility for their final decision on trading or investing.
Currently, DMM FX is marked as "Active" on TraderKnows.
