The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
Risk Management Index
The Financial Services Agency (FSA) oversees all financial services providers, including Forex brokers, in Japan. The ultimate aim of Japan's FSA is to maintain the country’s financial system and ensure its stability. It is also responsible for protecting security investors, insurance policyholders, and depositors. It achieves its aims in a number of different ways including planning and policy making, supervising financial services providers, overseeing securities transactions, and inspecting financial institutions in the private sector. When the FSA was first created it was merely an administrative body. However, its responsibilities were widened in 2001 when it became the external representative of the Cabinet Office of Japan. It took over the responsibilities of the Financial Reconstruction Committee, and also took over responsibility for failed financial institutions.Today, the FSA Japan is held accountable to the Japanese Minister of Finance and enjoys a wide scope of responsibility.
License Type:Retail Forex License
Regulated in Country/AreaJapan
Regulatory License No.：7010001105352
Email Address of Licensed Institution :--
License Type:Sharing Gaitamejapan
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :東京都中央区日本橋2-7-1
Phone Number of Licensed Institution :0335173280
Licensed Institution Certified Documents :DMM FSA截图 View Certified Documents
Most visited countries/areas
The data are from WIKI Research 2021.08.01 updated
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General Information of DMM FX
DMM FX is a Japanese-registered foreign exchange broker, founded in 2006, headquartered in Tokyo, Japan, is the member company of the Japan Securities Dealers Association (Member No. 1105), Japan Financial Futures Trading Association (Member No. 1145), Japan Investor Protection Fund, Japan Commodity Futures Trading Association, General Company Association Class II Financial Instruments Trading Association (Member No. 480). Recently, DMM FX has been frequently exposed to the inability to withdraw funds, difficulties in withdrawing funds, fraudulent money to run away from the customer complaints, so investors should pay careful attention to this broker.
DMM FX is currently regulated by the Japan Financial Services Agency, holding its authorized retail foreign exchange license, regulatory number: 7010001105352.
Products & Services
DMM FX's main business covers financial products trading, over-the-counter derivatives trading, product investment-related business, etc.
Account Opening of DMM FX
Investors can open an account on the DMM FX platform on the same day and start trading within one hour of applying for an account. Account opening is free of charge, and DMM FX also offers a cashback program of up to 204,000 JPY.
Spreads & Fees of DMM FX
DMM FX claims to offer thin foreign exchange spreads. In addition, DMM FX waives account maintenance and withdrawal fees, which means there are no fees other than the spread.
Trading Platforms Available of DMM FX
The main trading platforms offered by DMM FX includes DMMFX PLUS (PC version with a feature-rich trading system for intermediate and advanced users), DMMFX Standard (PC/iPad, easy to use and suitable for beginners), Superchart (equipped with 29 technical tools), Smartphone App DMMFX (iPhone/ Android, can be used anywhere, can subscribe to charts), DMMFX for smartphones (iPhone/Android, accessible smartphone tool that can be used without installation)
Deposit and Withdrawal of DMM FX
DMM FX offers investors a fast deposit service by partnering with approximately 340 affiliated financial institutions such as Mizuho Bank, Sumitomo Mitsui Banking Corporation, Aeon Bank, Rakuten Bank, etc. Investors can make deposits not only on weekdays but also 24 hours a day on weekends and holidays. To use Quick Deposit, investors need to subscribe to online banking at the target banking institution, and the service is free of charge.
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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