DMM FX Australia adds OIL/USD, CFDs on four new indices to offering

DMM FX Australia adds OIL/USD, CFDs on four new indices to offering

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Australia-regulated forex broker DMM FX Australia, part of Japanese conglomerate Group, said on Monday it has expanded its product portfolio with four new contracts for difference (CFDs) on indices – JPN225, US30, NAS100 and SPX500. The broker’s clients now can also trade OIL/USD.

The new instruments is available for trading as of 25 January 2016. Following are details about the trading conditions for the five new products:

Instrument Symbol Contract Size Spread
NIKKEI 225 JPN225 100 8
S&P 500 SPX500 10 1
NASDAQ 100 NAS100 10 2

Earlier this month, DMM FX Australia waived the handling fees on all deposits and on withdrawals in the amount equal to or over JPY 100,000 or 1,000 units of the base currency of their trading accounts. It also changed the spreads for 27 popular currency pairs and introduced a Negative Balance Protection.

Sydney-based DMM FX Australia, trading as DMM FX, is licensed by the Australian Securities and Investments Commission (ASIC). It provides online trading of over-the-counter (OTC) derivatives such as margin forex, and CFD.

Digital Media Mart, or DMM Group, consists of companies with licenses by the ASIC and Japan’s Financial Services Agency (FSA). Besides online financial services, 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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