DMM FX Review 2023

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1.5 / 5
DMM FX is #15 in our CFD broker rankings.

Trade a range of products on the MetaTrader platforms at DMM FX.

Demo Account

MetaTrader 4
MT4, MT5
Forex, CFDs, indices, shares, commodities, cryptocurrencies
Forex Trading

Trade majors, minors and exotics.

Stock Trading

Trade in stocks and shares on top global companies.

CFD Trading

Trade flexible CFDs on the financial markets.

Crypto Trading

Trade on top cryptocurrency assets.

DMM FX is a forex broker offering a variety of instruments on the MT4 and MT5 platforms, including CFDs and cryptocurrencies such as Bitcoin. This review explores the broker’s line-up of features and conditions, including demo and standard accounts. There are a lot of factors to consider before you login – find out if DMM FX is a safe choice.

DMM FX Headlines

DMM FX is based in Dubai and provides forex, CFD, and cryptocurrency trading on the MetaTrader platforms. The broker also offers some additional tools including Bitcoin mining and investment planning solutions, as well as competitive trading conditions.

Trading Platforms

MetaTrader 4

MT4 is a popular favourite among brokers, as it offers everything traders need, regardless of experience level.

The user interface is slick and comes with real-time quotes and a full set of tools for trading analysis, including 30 technical indicators such as MACD and Moving Averages. Traders can also access full account history and a useful news feed.

DMM FX MetaTrader
DMM FX MetaTrader

MetaTrader 5

The MT5 system is ideal for more advanced traders and comes with over 80 charting and analysis tools, as well as 6 pending order varieties. There’s also an integrated economic calendar, Depth of Market, and an improved strategy tester.


DMM FX offers the MetaTrader WebTrader solution for those who don’t want to install any software, or for those using MacOS. The WebTrader is highly functional and comes with the same powerful tools available in the desktop apps.

Traders can analyse the markets using dozens of charting tools, news feeds, live pricing, and more. As with the desktop platforms, traders can also access Expert Advisors (EAs) within the marketplace.


DMM FX offers over 300 trading instruments including currency pairs such as EUR/USD, as well as CFDs on commodities, indices, shares, and cryptocurrencies. You can also trade spot gold (XAUUSD) and spot silver (XAGUSD).

DMM FX crypto trading
DMM FX crypto trading

The broker also claims to offer bitcoin mining, though details are limited.


Unfortunately, we encountered several transparency issues in this review, starting with pricing. Not only is the ‘Commission’ page insubstantial but the ‘Contract Specifications’ section only takes you to an error page. We have to flag this as a concern, as this is the first place most traders will look to get an idea of pip spreads, commissions and swaps.


Similarly, DMM FX does not provide details on available leverage rates. It’s hard to open an account with a broker to utilise leveraged trading products when zero information is provided.

Mobile Trading Review

DMM FX offers the MetaTrader smartphone and tablet mobile apps. Mobile trading with MT4 or MT5 apps is ideal for those who wish to trade from anywhere and at any time.

The apps are fully featured, containing much of the same functionality as the desktop platforms. Users can execute fundamental and technical analysis with a wide selection of indicators, interactive charts, and order types.

desktop platforms

The apps are suitable for iOS and Android devices, including iPhones, Samsungs, and standard iPads, and can be downloaded from the App Store or Google Play.

Payment Methods

DMM FX offers funding via debit/credit card, bank wire transfers, e-wallets, and local payment solutions. However, the broker isn’t transparent about minimum deposits, payment times and associated fees. This is certainly a red flag and our review was disappointed with the limited details provided.

Demo Account

DMM FX does offer a demo account. Practice accounts are a good way to test out the platforms if you’re a new trader, or to brush up on your trading skills if you’re more experienced. Demo accounts allow you to place simulated trades using virtual money, so there’s no risk to your own capital.

DMM FX Bonuses

At the time of writing, DMM FX does not offer any promotional deals. Check the broker’s website for any future deals.


DMM FX is an unregulated broker and is not open about its background or registration. This is rather concerning and we would warn potential traders to be careful if considering opening an account with this broker.

Additional Features

DMM FX has a Market Analysis section which doesn’t contain any useful or up to date information. There is apparently a news portal, but it did not work when we tested it. The broker also claims to offer a VPS, though there are no details on how much the service costs or how to access it.

Trading Accounts

Another pitfall this review found was the lack of information surrounding live trading accounts. DMM FX does not provide clarity around account specifications, such as the product range, fees and useful features. As a result, we would not recommend opening an account with this broker.


Given the lack of information, we can only identify one real benefit of trading with this broker:


We have raised several concerns in this review:

Trading Hours

Typically, trading hours can be accessed from within the MT4 or MT5 platforms, by clicking on the instrument you wish to trade.

Customer Support

As there is no live chat service, DMM FX can only be contacted via email, at, or via telephone, at +91 564 548 4854. The website is provided in English, French, and German. We struggled to get the help we needed when testing the customer support service.


The MetaTrader platforms are safe to use, with SSL encryption protocols in place. However, the safety of this broker in general, as well as the level of safety provided to client funds, is questionable.

DMM FX Verdict

DMM FX has not scored highly in this review. A lot of the pages on the website are of no real value to customers, containing page-filling wording that bears no purpose. Transparency is also severely lacking, with virtually no information provided around deposits, fees, demo and standard accounts. With this in mind, we have to flag this broker as a potential scam.

Accepted Countries

DMM FX accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Payment Methods

DMM FX Details

Minimum Trade 0.01 Lots
Islamic Account No
Mobile Apps Yes
Margin Trading No
Volatility Index No
Spot Trading No
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Expert Advisors (EAs) on MetaTrader
Social Trading No
Guaranteed Stop Loss No
  • Gold
  • Silver

CFD Trading Details

FTSE Spread Floating
GBPUSD Spread Floating
Oil Spread Floating
Stocks Spread Floating

Forex Trading Details

GBPUSD Spread Floating
EURUSD Spread Floating
EURGBP Spread Floating

Cryptocurrency Trading Details

Crypto Spread Floating
Crypto Lending No
Crypto Staking No
Crypto Mining Yes
Crypto Auto Market Maker No
Crypto Coins
  • BTC
  • ETH
  • LTC
  • XRP

Top 3 Alternatives to DMM FX

Compare DMM FX with the top 3 similar brokers that accept traders from your location.

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
    Go to Just2Trade
  3. Scope Markets – Scope Markets offers day trading and investing in multiple spot and CFD instruments. The group of brokers is regulated in several locations, including Belize, Kenya and South Africa. Users get competitive trading conditions, a range of payment methods, strong support and can get started in a few straightforward steps.
    Go to Scope Markets

DMM FX Comparison Table

Compare DMM FX With Similar Brokers
DMM FX IG Group Just2Trade Scope Markets
Rating 1.5 4.4 3.5 4.2
Markets Forex, CFDs, indices, shares, commodities, cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds Forex, Stocks, Commodities etc.
Demo Account Yes Yes Yes Yes
Minimum Deposit $200 $0 $100 $50
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 lots
Regulators FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA CySEC, NFA, FINRA, Bank of Russia CMA, FSC, FSCA
Bonus Up to $2,000 for professional accounts 50% Deposit Bonus Up to $50,000. *Bonus promotions do not apply to all entities. Depending on the jurisdiction chosen to open an account with, different regulations apply.
Education No Yes No Yes
Platforms MT4, MT5 MT4, AutoChartist, TradingCentral MT4, MT5, TradingCentral MT4, MT5
Leverage 1:30 (Retail), 1:250 (Pro) 1:20 1:2000 (location dependent)
Payment Methods 1 6 20 8
Visit Visit Visit Visit Visit
Review IG Group
Scope Markets

Compare Trading Instruments

Compare the markets and instruments offered by DMM FX and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare DMM FX Trading Instruments
DMM FX IG Group Just2Trade Scope Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver Yes Yes Yes Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No Yes Yes Yes
Options No Yes Yes No
ETFs No Yes Yes Yes
Bonds No Yes Yes No
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index No Yes No No

DMM FX vs Other Brokers

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Customer Reviews

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Trade a range of products on the MetaTrader platforms at DMM FX.


Is DMM FX regulated?

DMM FX is unregulated. Interested traders should be cautious if considering this broker, as funds will be unprotected.

Does DMM FX offer a no deposit bonus? 

No, DMM FX does not currently offer any deposit bonus deals.

What platforms are available at DMM FX?

DMM FX offers the MetaTrader 4 and MetaTrader 5 platforms on desktop, web, and mobile.

What can I trade at DMM FX?

You can trade currency pairs, as well as CFDs on indices, commodities, shares, and cryptocurrencies.

Does DMM FX offer a demo account? 

Yes, DMM FX offers a demo account, which you can sign up for on the main website page.