Company Summary
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WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
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DMM FX , FXGiants Broker Comparison
Do you want to know which is the better broker between DMM FX and FXGiants ?
In the table below, you can compare the features of DMM FX , FXGiants side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Benchmark
- Account Information
- Relevant information
- Relevant exposure
- Rating
- Basic Information
- Benchmark
- Account Information
- Relevant information
- Relevant exposure
2 brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions
(ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
- Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
- Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
Pin on the left
6.91
Regulated
No guarantee
15-20 years
FSA
Not supported
Not supported
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--
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--
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--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
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--
--
--
Pin on the left
1.5
Clone Firm
No guarantee
5-10 years
FCA
Supported
Not supported
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--
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--
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STP/ECN Absolute Zero,STP/ECN Zero Spread,STP/ECN No Commision,Live Zero Fixed Spread,Live Fixed Spread,Live Floating Spread
--
--
1:200
from 0.2
--
Variable
0.01
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Score
Regulatory Status
Regulated
Clone Firm
FXGiants BrokerRelevant information
DMM FX 、 FXGiants BrokerRelevant exposure
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of dmm-fx, fxgiants lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
dmm-fx
| Aspect | Information |
| Registered Country | Japan |
| Founded Year | 2006 |
| Company Name | DMM FX |
| Regulation | Registered with Japan's Financial Services Agency (FSA)<br>- Member of the Financial Futures Association of Japan (FFAJ) |
| Minimum Deposit | $100 |
| Maximum Leverage | 1:25 |
| Spreads | From 0.2 pips |
| Trading Platforms | MetaTrader 4 DMM FX WebTrader |
| Tradable Assets | Forex Indices Commodities |
| Account Types | DMM FX Account |
| Demo Account | Available |
| Islamic Account | Not available |
| Customer Support | - Email Support Phone Support |
Overview of DMM
DMM FX is a Japanese-based forex broker that was founded in 2006 and has its headquarters in Tokyo, Japan. The broker is regulated by the Japan Financial Services Agency and is a member of several financial associations such as the Japan Securities Dealers Association, Japan Financial Futures Trading Association, Japan Investor Protection Fund, and Japan Commodity Futures Trading Association.
DMM FX provides a range of financial products and services, including over-the-counter derivatives trading and investment-related business. The minimum deposit requirement is not specified, and account opening is free of charge, with a cashback program of up to 204,000 JPY. The maximum leverage available is 1:25 for forex trading, and spreads are quite competitive, with the USD/JPY pair starting from 0.5 pips.
DMM FX offers a range of trading platforms, including DMMFX PLUS, DMMFX Standard, Superchart, Smartphone App DMMFX, and more. The broker partners with approximately 340 affiliated financial institutions, making deposit and withdrawal services fast and easy. However, DMM FX has been associated with some negative reviews regarding difficulties in withdrawing funds, fraudulent money, and poor customer support, as reported by some clients.
In summary, DMM FX is a regulated forex broker that offers competitive spreads, a range of trading platforms, and fast deposit and withdrawal services. However, investors should be aware of the negative reviews concerning fund withdrawals and poor customer support.
Pros and Cons
| Pros | Cons |
| FSA-regulated | Forex trading only be started from a minimum of about 40,000 yen |
| A series of trading platform options | No handling of the high-interest currency Turkish Lira |
| No minimum deposit requirements | Lack of information on the exchange market |
| Free account-opening | Poor customer support |
| Narrow spreads | |
| Starting trading in as little as 1 hour |
Is DMM FX Legit or a Scam？
Based on the information provided by DMM FX, it appears that they are a legitimate forex broker and take measures to protect their customers' funds. They state that they segregate customer funds from their own assets and entrust them to trusted banks, including 日証金信託銀行 (Japan Securities Depository Center Trust Co., Ltd.), 株式会社SMBC信託銀行 (SMBC Trust Bank Ltd.), and SBIクリアリング信託株式会社 (SBI Clearing Trust Co., Ltd.). They also mention that these funds are protected by trust law and will remain separate from the banks' own assets, even if the banks themselves were to face financial difficulties.
Overall, based on the information provided, it appears that DMM FX is a legitimate forex broker that takes steps to protect their customers' funds. However, as with any investment, it is important to do your own research and exercise caution.
Markets Instruments
The market instruments of DMM FX include several forex currency pairs and CFDs:
Forex Currency Pairs:
· USD/JPY
· EUR/JPY
· GBP/JPY
· AUD/JPY
CFDs:
· Crude Oil
· Gold Spot
· Japan 225
· US Dow Jones 30
For each instrument, the bid and ask prices are provided, along with the current spread and the previous day's change. High and low prices for the day are also given, as well as the buying and selling swaps. Note that the spreads are not fixed and can widen during times of market stress, low liquidity, or around the announcement of economic indicators. Slippage may also occur with order fulfillment, where the execution price differs from the displayed price at the time of ordering.
DMM FX offers a variety of market instruments for trading, allowing customers to diversify their portfolio and take advantage of various market opportunities.
| Market Instrument | Pros | Cons |
| FX (USDJPY, EURJPY, GBPJPY, AUDJPY) | 24-hour trading availability | Variable spreads, which may widen during periods of high market volatility or low liquidity |
| CFDs (Crude Oil, Gold, Japan225, US30) | Opportunity to trade popular global commodities and indices | Variable spreads, which may widen during periods of high market volatility or low liquidity |
Products and Service
DMM offers a range of products and services in various industries, including financial services, e-commerce, and entertainment.
In terms of financial services, DMM provides a forex trading service called DMM FX. This service allows customers to trade 21 different currency pairs through an OTC trading system using the internet. The transaction unit is 10,000 currency units for each currency pair, and the maximum order quantity is 100 lots (1 million currency units). The leverage offered is up to 25x, and there are no transaction fees. DMM also offers deposits and withdrawals in JPY and provides various trading rules, such as loss cut rules and maintenance rules.
DMM also offers a cryptocurrency trading service called DMM Bitcoin. This service allows customers to trade Bitcoin, Litecoin, and Ethereum, among other cryptocurrencies, using the internet. The transaction unit is one unit of each cryptocurrency, and there are no transaction fees.
Overall, DMM offers a diverse range of products and services in various industries, catering to the needs and interests of a wide range of customers.
| Products & Services | Pros | Cons |
| DMM Eikaiwa | 1. Affordable prices compared to other online English schools. 2. Wide range of courses available. 3. Experienced English teachers. | 1. Classes are conducted in English only, which may be difficult for beginners. 2. No mobile app available for learning on-the-go. |
| DMM FX | 1. Low transaction fees. 2. Wide range of currency pairs available. 3. High leverage options. | 1. Not available for residents of certain countries, including the US. 2. High risk involved with leveraged trading. |
| DMM Bitcoin | 1. Easy to use platform. 2. Quick deposit and withdrawal times. 3. Competitive trading fees. | 1. Only available for trading Bitcoin. 2. High volatility of the cryptocurrency market. |
| DMM Games | 1. Wide range of games available. 2. Many games are free-to-play. 3. Regular updates and new game releases. | 1. Some games may require in-app purchases to progress. 2. Only available in Japanese language. |
Minimum Deposit
The minimum deposit for DMM payment depends on the payment method used. For quick deposit, there is no minimum deposit required. However, the maximum deposit amount for quick deposit is 500,000 JPY per transaction.
For bank transfer deposit, the minimum deposit amount is 10,000 JPY, and there is no maximum deposit amount.
It's important to note that the deposit amount required to open a DMM FX trading account may vary depending on the account type and country of residence. Customers should check the website or contact customer support for more information.
| Pros | Cons |
| Accessible for beginners: The minimum deposit requirement is relatively low, making it accessible for beginner traders who don't want to invest a lot of money upfront. | Limited trading options: While the minimum deposit is affordable, the range of trading options is limited, which may not suit experienced traders who are looking for a more diverse range of instruments to trade. |
| Low financial risk: A low minimum deposit reduces the financial risk for traders. If they are new to trading or unsure about their trading strategy, they can start with a small deposit to test the waters before committing more funds. | Low leverage: The low minimum deposit is often associated with low leverage, which can limit the potential profits of traders who are successful in their trades. |
| Flexible funding options: DMM FX offers a variety of funding options, making it easy for traders to deposit and withdraw funds. | Higher spreads: Brokers may charge higher spreads to cover the cost of processing low deposit transactions, which could lead to higher trading costs for traders. |
| Opportunity to learn: A low minimum deposit provides an opportunity for traders to learn and improve their trading skills without risking a lot of money. | Limited bonuses: Brokers may not offer bonuses or other incentives for traders who make a small deposit, which could limit potential returns. |
Spreads & Fees
DMM FX offers customers a trading environment with uniquely generated rates based on the rates received from multiple cover destinations. The standard spreads for various currency pairs are presented to customers, with fixed spreads starting from 0.2 sen. However, it's important to note that spreads are not always fixed and may widen due to sudden events, declining market liquidity, and other factors. Slippage may also occur with order fulfillment. DMM FX also provides offer rates, which are the actual values of rates delivered within the range of the standard spread offered to customers during a given period.
| Pros | Cons |
| Increased access to foreign exchange trading for individuals and businesses | Risk of fraud and scams in the online trading industry |
| DMM FX may offer lower transaction costs and more competitive exchange rates than traditional banks | Potential for significant financial losses if inexperienced traders make poor investment decisions |
| Availability of diverse investment options and trading tools | Lack of regulation in some jurisdictions where DMM FX operates |
| Ability to trade 24/7 from anywhere in the world | Dependence on technology, including internet connectivity and platform reliability |
| Potential for high returns on investment for experienced traders | Volatility and unpredictability of currency markets can lead to large fluctuations in profits and losses |
| Flexibility to choose between different trading strategies and risk profiles | Potential for conflicts of interest between DMM FX and its customers, especially if DMM FX is both a market maker and counterparty to its clients' trades |
Leverage
DMM FX is a forex trading platform that offers a maximum leverage of 1:25 for forex trading. Leverage is a tool used in trading that allows traders to control a large amount of currency with a smaller amount of funds. In other words, leverage enables traders to open larger positions with a smaller amount of capital.
For example, if a trader has $1,000 and a leverage of 1:30, they can control a position of up to $30,000. The trader is essentially borrowing money from the broker to increase their trading potential. However, while leverage can magnify profits, it can also magnify losses, and traders need to be cautious when using leverage.
DMM FX's maximum leverage of 1:30 is lower than the maximum leverage offered by some other forex brokers, which can be as high as 1:500 or more. This lower leverage may appeal to more conservative traders who want to limit their risk exposure.
| Pros | Cons |
| Potential for higher profits: Leverage allows traders to control larger positions with smaller amounts of capital, increasing the potential for profits. | Risk of higher losses: Higher leverage also means higher risk, and traders can lose more than their initial investment. |
| Access to more markets: Leverage can provide access to markets that might not be available to traders with smaller capital. | Margin calls: Traders who use leverage may be subject to margin calls if their positions move against them, which can result in additional fees or forced liquidation of positions. |
| Flexibility: Leverage allows traders to adjust their positions more easily and quickly, and to take advantage of market movements. | Limited control: Using leverage means surrendering some control over your trades to the broker, who may impose restrictions on the use of leverage or margin requirements. |
| Lower capital requirements: Leverage can allow traders with smaller amounts of capital to trade in the markets. | Complexity: Leverage adds another layer of complexity to trading, and requires a greater understanding of risk management and margin requirements. |
Trading Tools
DMM FX offers a range of trading tools to assist traders in their activities. These tools include:
1. DMMFX PLUS: This is a PC version trading tool that allows traders to customize the layout, technical settings, and other features to suit their trading style. It comes with a pop-out function that displays necessary items in a separate window.
2. DMMFX STANDARD: This is a smartphone version trading tool that offers a smart operation screen for transactions, information collection, and analysis. It features a FIFO order function and payment simultaneous order function, making it ideal for those who want to trade in their own style.
3. Premier Chart: This is a computer-based trading aid tool that comes equipped with 29 technical tools. It also has convenient functions that support customer transactions, making it ideal for traders who make more strategic transactions.
4. Transaction Report: This is an analysis tool that allows traders to graph and analyze their trading results in an easy-to-understand manner. It visualizes a wide variety of transaction data, making problems obvious at a glance.
These trading tools are accompanied by quick guides and operation manuals to help traders learn how to use them effectively.
| Trading Tools | Pros | Cons |
| DMMFX PLUS | - Customizable layout and settings Pop-out function for necessary items Available on multiple devices | - May be overwhelming for new traders |
| DMMFX STANDARD | - Easy-to-use smart operation screen Features FIFO order and payment simultaneous order function Available on multiple devices | - Limited technical analysis tools |
| Premier Chart | - Equipped with 29 technical tools Convenient functions for customer transactionsIdeal for strategic traders | - May be overwhelming for new traders |
| Transaction Report | - Graphs and analyzes trading results Visualizes transaction data for easy understanding Helpful for improving analysis skills | - Limited features beyond analysis May not be necessary for all traders |
Deposit and Withdrawal
DMM FX offers several deposit and withdrawal methods to its clients. The following is an overview of the deposit and withdrawal options:
Deposit Options:
· Quick Deposit: This service allows for instant deposit reflection using internet banking. It has 24-hour real-time deposit reflection, no fees, and can be done through a PC or smartphone.
· Transfer Deposit: This is a bank transfer method of depositing money to the DMM FX account. In general, it takes about 30 minutes to 1 hour to reflect the deposit in the account.
Withdrawal Options:
· Withdrawal Account: Funds deposited in the DMM FX account can be withdrawn to a registered “withdrawal account” using the trading tool. There are no withdrawal fees, and the fees are paid by the company.
· Fund Transfer: Funds can be transferred between services provided by DMM FX, DMM CFD, DMM Bannussi, and DMM Stock.
| Method | Pros | Cons |
| Quick Deposit | Instant reflection, no fees, can be done through PC or smartphone | Limited to affiliated financial institutions, requires subscription to online banking |
| Transfer Deposit | Available through various banking options | Takes 30 minutes to 1 hour to reflect in the account |
| Withdrawal Account | No withdrawal fees | Limited to registered withdrawal account |
| Fund Transfer | Allows for transfer of funds between DMM services | N/A |
Customer Service
In terms of customer service, DMM FX offers various support options to their clients. Here are some details:
· Customer Support: DMM FX provides customer support services 24 hours a day, 5 days a week (Monday to Friday) in multiple languages, including Japanese, English, and Chinese. Traders can contact the support team via phone, email, or live chat on the company's website.
· Educational Materials: DMM FX offers a range of educational materials to help traders improve their skills and knowledge of the financial markets. These resources include webinars, video tutorials, and market analysis.
· Trading Tools: DMM FX provides its clients with various trading tools to help them make informed trading decisions. These tools include charting software, economic calendars, and real-time news updates.
· Trading Hours: DMM FX allows traders to access the market 24 hours a day, 5 days a week. However, there are times when the platform is not available, such as during system maintenance or when the markets are closed.
Overall, DMM FX appears to offer a robust customer service experience with multiple support options and educational resources to help traders improve their skills and knowledge. The availability of 24/5 trading hours is also a plus for traders who want to take advantage of global market opportunities.
Conclusion:
DMM FX is a reputable broker that offers a diverse selection of financial instruments for trading. Their user-friendly and feature-rich trading platforms cater to the needs of both novice and experienced traders. One of the notable advantages of DMM FX is their policy of not charging fees for deposit and withdrawal transactions, which is highly beneficial for traders. Additionally, the ability to transfer funds between their services adds flexibility in managing clients' funds. The leverage and margin maintenance rate provided by DMM FX enable traders to effectively manage their risk. Overall, DMM FX is a reliable brokerage firm that offers excellent trading conditions and customer support services. However, it is important to note that DMM FX does not provide Islamic accounts, which may be a drawback for traders seeking Sharia-compliant trading options.
Frequently Asked Questions
Q: How can I open an account with DMM FX？
A: To open an account with DMM FX, you can apply online by filling out the registration form on their website. You will need to provide personal information, such as your name, address, contact details, and some identification documents, such as a passport or driver's license.
Q: What is the trading hours for DMM FX？
A:DMM FX provides trading services 24 hours a day, 5 days a week, from Monday to Friday. The trading hours vary for each financial product, and it is important to check the trading hours for each product before placing any trades.
Q: What types of financial products can I trade with DMM FX？
A: DMM FX offers a wide range of financial products that can be traded, including forex, indices, commodities, and cryptocurrencies.
Q: What are the fees and charges for trading with DMM FX？
A: DMM FX does not charge any commission fees for trading. Instead, they earn revenue from the difference between the bid and ask prices, which is called the spread. There may be other fees, such as rollover fees and overnight swap fees, depending on the trading conditions and the financial products traded.
Q: What is the maximum leverage ratio offered by DMM FX？
A: The maximum leverage ratio offered by DMM FX is 25:1 for forex trading. The leverage ratios for other financial products, such as indices and commodities, may vary.
Q: How can I contact DMM FX customer support？
A: DMM FX provides customer support services through various channels, including phone, email, and live chat. The customer support team is available 24 hours a day, 5 days a week, from Monday to Friday. The contact details for customer support can be found on the DMM FX website.
Q: Does DMM FX provide educational resources for traders？
A: Yes, DMM FX offers a range of educational resources for traders, including webinars, seminars, e-books, and video tutorials. These resources cover a variety of topics, such as market analysis, trading strategies, and risk management.
fxgiants
| FXGiantsReview Summary | |
| Founded | 2009-09-07 |
| Registered Country/Region | Bermuda |
| Regulation | clone firm |
| Market Instruments | Forex/Metals/Indices/Commodities/Stocks/Futures |
| Demo Account | / |
| Leverage | Up to 1:1000 |
| Spread | From 0.0 pips |
| Trading Platform | MT4 |
| Min Deposit | / |
| Customer Support | Phone: +44 (0) 207 523 5394 |
| Email: support@fxgiants.com | |
FXGiants Information
FXGiants is a broker. The tradable instruments include forex, metals, indices, commodities, stocks, and futures. The broker also provides six accounts with a maximum leverage of 1:1000. The minimum spread is from 0.0 pips. FXGiants is still risky due to its clone firm status, high leverage, and bad reviews about wiping out profits.
Pros and Cons
| Pros | Cons |
| MT4 available | Clone firm |
| 24/5 customer support | Inaccessible official website |
| Various tradable instruments | High max leverage |
| Spread from 0.0 pips | Negative comments about wiping out profits |
Is FXGiants Legit?
FXGiants is regulated by FCA with license number 585561, but it is a clone firm.
What Can I Trade on FXGiants?
FXGiants offers more than 300 market instruments, including forex, metals, indices, commodities, stocks, and futures.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Futures | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
FXGiants has six account types: Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread, STP/ECN No Commission, STP/ECN No Commission, and STP/ECN Absolute Zero. Traders who want low spreads can choose Live Zero Fixed Spread and STP/ECN Zero Spread accounts, while those who want low leverage can open STP/ECN No Commission, STP/ECN Zero Spread, and STP/ECN Absolute Zero accounts.
| Account Type | Live Floating Spread | Live Fixed Spread | Live Zero Fixed Spread | STP/ECN No Commission | STP/ECN Zero Spread | STP/ECN Absolute Zero |
| Spreads from | 1.0 pips | 1.3 pips | 0.0 pips | 1.7 pips | 0.0 pips | 0.2 pips |
| Commission | No | No | $9 per lot per side | No | $3.75 per lot per side | No |
| Leverage up to | 1:1000 | 1:1000 | 1:500 | 1:200 | 1:200 | 1:200 |
| Trade from | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots |
| Bonuses | Available | Available | - | - | - | - |
FXGiants Fees
The spread starts from 0.0 pipsand the commission is from 0. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
Trading Platform
FXGiants cooperates with the authoritative MT4 trading platform and provides PMAM and VPS Hosting services. Junior traders prefer MT4 over MT5. MT4 provides various trading strategies and implements EA systems.
| Trading Platform | Supported | Suitable for |
| MT4 | ✔ | Junior traders |
Deposit and Withdrawal
FXGiants accepts Visa, Wire Transfers, etc. for deposit and withdrawal. However, the official website is inaccessible, so transfer processing times and associated fees are unknown.
Are the transaction costs and expenses of dmm-fx, fxgiants lower?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive dmm-fx and fxgiants are, we first considered common fees for standard accounts. On dmm-fx, the average spread for the EUR/USD currency pair is -- pips, while on fxgiants the spread is from 0.2 .
Which broker between dmm-fx, fxgiants is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
dmm-fx is regulated by FSA. fxgiants is regulated by FCA.
Which broker between dmm-fx, fxgiants provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
dmm-fx provides trading platform including -- and trading variety including --. fxgiants provides trading platform including STP/ECN Absolute Zero,STP/ECN Zero Spread,STP/ECN No Commision,Live Zero Fixed Spread,Live Fixed Spread,Live Floating Spread and trading variety including --.