DMM FX Australia Goes Live

DMM FX Australia, the ASIC regulated subsidiary of the world’s second largest retail broker by volume, Japanese DMM Securities, has officially launched today. Back in July, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates wrote about DMM’s intentions to expand its presence with the creation of an ASIC regulated unit. At the time, a representative explained to Forex Magnates that their broker will be focusing on marketing towards the Australian population.

Unlike DMM Securities, DMM FX will be offering MetaTrader 4 to users along with its proprietary web-based Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. The broker will be offering tighter spreads for webtrader users. It’s not the first time a broker is applying such a policy, as FXCM spreads are slightly higher for MT4 users to compensate for additional technology charges. In addition, as MT4 is much more popular among EA markets and money managers, the higher spreads provide an easier way to compensate the broker’s partners and affiliates.