DMM FX Australia waives fees for all deposits, withdrawal over JPY 100,000

DMM FX Australia waives fees for all deposits, withdrawal over JPY 100,000


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Australia-regulated forex broker DMM FX Australia, part of Japanese conglomerate Group adopted a no fee policy for deposit and withdrawal payments, the broker said on Friday. Starting 8 February, 2016, the broker will not charge its clients any payment fees for all deposits and for withdrawals of equal to or over JPY 100,000 or 1,000 units of the base currency of their trading accounts.

Handling fees for smaller deposits and withdrawals are still into into force.

Clients of DMM FX Australia can open trading accounts in one of six currencies – Australian dollar (AUD), US dollar (USD), Euro (EUR), British pound (GBP), Japanese yen (JPY), or New Zealand dollar (NZD).

They can fund their accounts using Visa and MasterCard bank cards, China UnionPay, Skrill, Neteller, FasaPay, BPay, POLi, and Bank Wire Transfer payment methods. Withdrawals are available via Visa and MasterCard, China UnionPay, Neteller, Skrill, and FasaPay.

DMM FX Australia, trading as DMM FX, is registered in Australia and licensed by the local financial regulator, the Australian Securities & Investments Commission (ASIC). It provides online trading of over-the-counter (OTC) derivatives such as margin forex, contracts-for-difference (CFD).

Digital Media Mart, or DMM Group, consists of the companies with licenses by the ASIC and Japan’s Financial Services Agency (FSA). Besides forex and CFDs brokerage, the DMM group also offers, through its subsidiaries, web marketing, online video streaming, online shopping, online gaming, English study programs, robot manufacturing, solar panels and 3D printing.

Source: DMM FX Australia

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