Based in Australia, DMM FX is one of the fast-growing brokers down under, and is a reputable broker that accepts traders worldwide. The company has recently introduced policy changes to reduce costs and will stop charging fees for clients' payments processing. The changes went into effect on Monday, February 8th and involve waiving all fees on deposits and withdrawals for transactions above 1000 units of base currency (or 100,000 units when in Japanese yen).
DMM FX has also expanded its CFD trade offerings, providing clients with additional trading opportunities in an effort to attract new and old clients and DMM FX clients will now be able to trade oil commodity on the following Indices: JPN225, US30, NAS100 and SPX500.
According to DMM FX CEO, Yoichi Akase, the Australian broker is "?...committed to giving DMM FX clients the best trading environment. Our business remains successful by ensuring we do not impose fees or commission charges and still maintain multiple trading platform stability for our customers. Growing our product suite and making trading more secure for clients is also paramount."
The changes come several months after DMM FX's introduced other upgrades to its products. In December 2015, the Australian branch of DMM FX introduced the MT4 WebTrader, joining IC Markets as the second brokerage to deliver the product in the region. The step was taken in response to increased customer demand and has since grown into a full blown trend for many other MT4 brokers.
DMM FX Australia is part of the Japanese DMM Group, which operates DMM.com Securities - the second largest retail Forex broker in terms of trading volume in the world. DMM FX was founded in 2013 focuses on delivering low fixed spreads, high leverage options, no fees or commissions and no limits on orders.