Score

6.38 /10
Average

DMM FX

Regulated in Japan

Retail Forex License

Global Business

High potential risk

Good
AAA

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Comparison

Quantity 12

Exposure

Open Account
Website

Score

License Index7.15

Business Index8.68

Risk Management Index0.00

Software Index6.43

Regulatory Index7.12

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

DMM.com Securities Co.,Ltd.

Company Abbreviation

DMM FX

Platform registered country and region

Japan

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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts 2
Previous Detection : 2022-12-03
  • The number of the complaints received by WikiFX have reached 11 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
Expose
Unable to withdraw

market manipulation

The way this platform works, you make an order and someone else on the platform manipulates the trend to ensure that you lose money and cannot close the position, I called the attention of financialrecovery.tech by submitting a complaint to them in a feat to get my investment back because I also noticed that in situations when the big market comes, you make the right order but you are unable to open the position again. You often lose money and end up closing the position because that is the only working option however, my complaints sparked up a chain of reactions that resulted in a refund.

2021-04-12 22:16
Unable to withdraw

Unable to Withdraw from DMM FX

My experience with this company has been quite unfortunate. I heard about them in December 2020 when i made an initial deposit of CNY 71000 (about £8000) into my trading account which yielded good profits. I became more interested and made another CNY 90000 (£10000) to make better returns. Late last year, after Christmas, i tried to make a withdrawal which was denied. I reached out to Chris from their support who claimed withdrawals were a bit delayed due to an End of year system upgrade. Up till Last week, i didn't have access to my money and they stopped responding to my complaints. Like many other traders i spoke to, tech some sort of experts and they were able to get my money including my accruals. This awful situation with DMM FX prevented me from enjoying the holidays with my family as i would have loved but i learnt a key lesson, Always test the waters before committing. I implore other investors to stay clear of DMM FX, they have nothing to offer.

2021-04-16 17:05

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    丑哈
    more than one year
    Realmente no quiero recordar mi miserable experiencia. Pero espero que más personas puedan ver mi evaluación y mantenerse alejados de este mentiroso. Al principio me atrajeron con varias condiciones, me dejaron invertir y me prometieron altos rendimientos. Después de que perdí dinero, dijeron que los riesgos en el mercado de divisas son inevitables... ¡no confíes en las promesas de otras personas!
    Translate to English
    2022-11-24 18:30
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    FX1019543487
    more than one year
    I requested for a withdrawal, but they should let me invest more funds into my account! They told me that only in this way can I get my money back! Aren’t they scammers???
    Translate to English
    2022-11-21 18:38
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    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;+44-7517747077
    License or other information error corrections, please send the information to:qawikifx@gmail.com
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