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Do you want to know which is the better broker between PU Prime and DMM FX ?
In the table below, you can compare the features of PU Prime , DMM FX side by side to determine the best fit for your needs.
EURUSD:-0.2
EURUSD:-6.9
EURUSD:13.82
XAUUSD:24.94
EURUSD: -5.8 ~ 2.31
XAUUSD: -162.8 ~ 116.27
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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 pacific-union, dmm-fx 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:
Broker Name | PU Prime |
Registered Country | Australia |
Founded in | 2019 |
Regulation | Regulated by FSA |
Market Instruments | Forex, Indices, Metals, Commodities, Shares, Cryptocurrencies, ETFs, and Bonds |
Account Types | Standard, Pro, Islamic, Cent and Prime |
Demo Account | Yes ($100,000 virtual capital) |
Maximum Leverage | 1:1000 |
Spread | Vary on the account type |
Commission | Vary on the account type |
Trading Platform | MT4, MT5, WebTrader, or the PU Prime App |
Minimum Deposit | $20 |
Deposit & Withdrawal Method | Bank Transfer, MasterCard, VISA, Neteller, Skrill, BTC/USDT, AliPay, FasaPAY, UnionPay |
Educational Resources | Webinars, eBooks, Video tutorials |
Trading Tools | Autochartist, Economic Calendar |
Negative balance protection | Yes |
PU Prime is a forex and CFD broker that was founded in 2016 and is based in Australia, offering popular instruments, including Forex, Indices, Commodities, Cryptocurrencies, Metals, Shares, Bonds, ETFs. PU Prime provides five different account types including Cent, Standard, Prime, Pro, Islamic, with each account offering different features and benefits such as minimum deposit requirements, spreads, and leverage. Leverage offered by PU Prime ranges from 1:500 to 1:1000. The minimum deposit required to open an cent account with PU Prime is $20.
Regard trading software, PU Prime offers both the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms to its clients, known for its user-friendly interface and advanced trading tools.
PU Prime Limited is regulated by the Seychelles Financial Services Authority under a Retail Forex License. The license number is SD050.
Additionally, PU PRIME (PTY) LTD is regulated by the Financial Sector Conduct Authority, while the regulatory status is general registration.
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PU Prime offers some popular instruments, including popular currency pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs.
In addition to forex, PU Prime also provides access to a variety of indices, such as the S&P 500, FTSE 100, and NASDAQ, allowing traders to diversify their portfolios and take advantage of global market movements. Commodity trading is also available with PU Prime, featuring popular options such as gold, silver, crude oil, and natural gas.
Cryptocurrency enthusiasts can trade popular digital assets such as Bitcoin, Ethereum, Litecoin, and Ripple. PU Prime also offers metal trading, allowing clients to trade silver and gold, as well as stock trading, including a variety of shares from top companies such as Amazon, Apple, and Microsoft.
Furthermore, PU Prime provides bond trading and access to exchange-traded funds (ETFs) to offer even more investment opportunities.
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As for trading accounts, five options are available: Cent, Standard, Prime, Pro, and Islamic.
The Cent account is designed for beginner traders who want to start trading in small amounts. This account type has a minimum deposit requirement of just $20 and offers fixed spreads, making it an ideal choice for those who are new to trading.
The Pro account seems to be designed for traders who are just starting out in forex trading. This account type requires a minimum deposit of $50 and offers spreads from 1.3 pips.
The Standard account is the most popular account type and is suitable for most traders. It requires a minimum deposit of $50 and offers variable spreads. Traders can access a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies.
The Prime account is designed for advanced traders who require fast execution speeds and tight spreads. This account type requires a minimum deposit of $1,000 and offers ECN spreads starting from 0 pips. Traders can access a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies.
The Islamic account is designed for clients who require Sharia-compliant trading solutions. This account type offers swap-free trading and is available to clients of all levels.
Other account features include
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PU Prime offers leverage of up to 1:500, which is a relatively high leverage compared to other brokers in the industry. The high leverage can be beneficial for traders who want to take larger positions with a smaller capital investment. However, it is important to note that high leverage also comes with high risk, as losses can exceed the initial investment.
Spreads and commissions, also known as trading fees, are the costs that traders incur when opening and closing positions on the market. PU Prime offers variable spreads starting from as low as 1.3 pips for its Cent, Standard, Pro and Prime account types. Additionally, this broker offers a zero-commissions trading environment on its Cent, Prime and Pro accounts. Islamic and Prime accounts charge a commission of $3.5 per lot per side.
Non-trading fees are the fees that brokers may charge their clients for services not directly related to trading, such as deposits, withdrawals, account inactivity, and currency conversion. Here is an overview of the non-trading fees of PU Prime:
Deposits: PU Prime does not charge any fees for deposits made through bank transfers, credit/debit cards, or e-wallets. However, clients should check with their payment providers for any fees they may charge.
Withdrawals: PU Prime does not charge any fees for withdrawals made through bank transfers or e-wallets. However, for withdrawals made through credit/debit cards, the broker charges a fee of 2% of the withdrawal amount, with a minimum of $5 and a maximum of $30.
Account Inactivity: If a client's account remains inactive for a period of 180 days, PU Prime will charge an inactivity fee of $15 per month until the account is reactivated or the balance is reduced to zero.
Currency Conversion: PU Prime charges a fee of 2% for currency conversions on deposits or withdrawals made in a currency different from the account's base currency.
PU Prime offers two choices of the most popular trading platforms in the industry: MT4 and MT5. Both platforms are available for desktop and mobile devices and come with advanced charting tools, technical indicators, and a wide range of customization options. Traders can also use Expert Advisors (EAs) and algorithmic trading strategies through these platforms.
MT4 is known for its stability, security, and user-friendly interface. It has a wide range of features that make it an ideal choice for both novice and experienced traders. On the other hand, MT5 is the newer version of the platform that comes with additional features and tools, including an economic calendar, more technical indicators, and a built-in strategy tester.
Here is a table format for the comparison of trading platforms between PU Prime and other brokers:
Broker | Trading Platforms |
PU Prime | MT4, MT5 |
FBS | MT4, MT5 |
Legacy FX | MT4, Sirix |
IC Markets | MT4, MT5, cTrader |
FP Markets | MT4, MT5, IRESS, WebTrader |
PU Prime offers the Autochartist tool to its clients, which is a powerful technical analysis tool that scans the market for trading opportunities based on chart patterns, Fibonacci patterns, and key levels. Autochartist also provides traders with an estimated probability of success for each opportunity and can be accessed through the MT4 and MT5 platforms.
Traders can use the Autochartist tool to identify trading opportunities and set up automated trading strategies based on their analysis. This tool can also be used to set up price alerts and receive notifications when a specific trading opportunity presents itself.
PU Prime offers over 10 deposit and withdrawal methods to its clients. The available methods include bank wire transfer, credit/debit cards (Visa and Mastercard), electronic payment systems (Skrill, Neteller, Fasapay, Sticpay, Bitwallet, America Express, VLoad, AstroPay, and more), and local payment methods. PU Prime does not charge any deposit fees, and the minimum deposit amount varies depending on the account type, starting from $10 for the Cent account.
Withdrawals are typically processed within 24 hours, and there are no withdrawal fees for most of the methods. However, some third-party payment providers may charge a fee, which will be deducted from the client's account balance. PU Prime requires clients to withdraw funds using the same payment method that was used for depositing, up to the deposited amount. If the withdrawal amount exceeds the deposited amount, clients can choose a different withdrawal method. PU Prime also reserves the right to request additional documentation to verify the client's identity and protect against fraud.
PU Prime's copy trading feature, facilitated through the PU Social app, can enhance the trading experience, especially for those new to the financial markets.
By using PU Social, users can easily select and follow master traders. This allows them to replicate the trading strategies and results of seasoned professionals directly in their own accounts. Simply choose a professional trader within the app, and start copying their trades to begin seeing similar results in your own trading activities.
This feature not only simplifies the learning curve but also provides a practical way to potentially increase trading success by leveraging the expertise of experienced traders.
PU Prime provides customer support through multiple channels, including phone, email, and live chat. The customer support team is available 24/5, from Monday to Friday. They are responsive and knowledgeable, and can assist with various account-related inquiries such as account opening, funding, and technical issues with the trading platform. In addition, the broker has a comprehensive FAQ section on its website that covers a wide range of topics, including account types, trading instruments, trading platforms, funding, and more.
PU Prime offers solid educational resources for its traders. These resources include video tutorials, a blog, e-books, and a glossary. The video tutorials cover a wide range of topics, including basic trading concepts, technical analysis, and strategies for trading different financial instruments. The blog provides traders with up-to-date market news, analysis, and commentary. The e-books are designed to provide in-depth knowledge on specific trading topics, such as chart patterns and trading psychology. The glossary is a comprehensive reference tool that defines key terms and concepts used in trading.
PU Prime is a well-regulated Australian broker that offers a wide range of trading instruments, competitive spreads, and multiple account types to satisfy the needs of different traders. The broker's MetaTrader 4 and 5 platforms are user-friendly and customizable, and the availability of Autochartist is a valuable addition to technical analysis.
However, the minimum deposit required to open some account with PU Prime is relatively high, and the broker's non-trading fees can be quite steep. Additionally, the broker does not offer any bonuses or promotions to its clients, which may be a disadvantage for traders looking for incentives to trade.
Broker | Founded Year | Regulation | Minimum Deposit | Spreads and Commissions | Instruments | Trading Platforms | Funding Methods |
PU Prime | 2016 | FSA | $20 | Variable spreads from 0.0 pips | Forex, Indices, Commodities, Cryptocurrencies, Metals, Shares, Bonds, ETFs | MT4, MT5 | Bank wire, Credit/debit card, Skrill, Neteller, Fasapay, Sticpay, Bitwallet, America Express, VLoad, AstroPay, and more |
AvaTrade | 2006 | ASIC, Central Bank of Ireland, FSCA, FSA, FSC, BVIFSC | $100 | Variable spreads from 0.9 pips | Forex, Indices, Commodities, Cryptocurrencies, Stocks, ETFs, Bonds | MT4, MT5, AvaTradeGO, AvaOptions | Credit/debit card, Bank transfer, PayPal, Skrill, Neteller, WebMoney |
XM | 2009 | ASIC, CySEC, IFSC | $5 | Variable spreads from 0.0 pips | Forex, Indices, Commodities, Cryptocurrencies, Metals, Stocks, Energies | MT4, MT5 | Credit/debit card, Bank wire transfer, Skrill, Neteller, WebMoney, and more |
Pepperstone | 2010 | ASIC, FCA, DFSA, SCB | $200 | Variable spreads from 0.0 pips | Forex, Indices, Commodities, Cryptocurrencies, Stocks | MT4, MT5, cTrader | Credit/debit card, PayPal, POLi, Bank transfer, Neteller, Skrill |
IG | 1974 | ASIC, FCA | $0 | Variable spreads from 0.6 pips | Forex, Indices, Commodities, Cryptocurrencies, Stocks, Bonds | MT4, IG Web Platform, L2 Dealer, ProRealTime, APIs | Credit/debit card, Bank transfer, PayPal, BPAY |
Is PU Prime a legit broker?
Yes, PU Prime is regulated by both FSA.
What tradable instruments does PU Prime offer?
PU Prime offers access to popular trading instruments, including forex, indices, commodities, cryptocurrencies, metals, shares, bonds, and ETFs.
What trading platforms are available at PU Prime?
PU Prime offers both the MT4 and MT5 trading platforms.
Does PU Prime offer educational resources for traders?
Yes, PU Prime provides educational resources such as video tutorials, a blog, e-books, and a glossary.
What is Autochartist and does PU Prime offer it?
Autochartist is a tool that helps traders analyze market data and identify potential trading opportunities. PU Prime offers Autochartist to its clients.
Is PU Prime good for beginners?
Yes, Pu Prime is a solid choice for beginners, as it is a strictly regulated broker that allows low-budget trading, and it also offers both MT4 and MT5 and solid educational contents.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors.
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 |
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 | 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 |
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.
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 |
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. |
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. |
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 |
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. |
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 |
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 |
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.
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.
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.
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 pacific-union and dmm-fx are, we first considered common fees for standard accounts. On pacific-union, the average spread for the EUR/USD currency pair is -- pips, while on dmm-fx the spread is --.
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.
pacific-union is regulated by FSA,FSCA. dmm-fx is regulated by FSA.
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.
pacific-union provides trading platform including Standard,ECN,Cent,Prime and trading variety including --. dmm-fx provides trading platform including -- and trading variety including --.