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DMM FX

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Operating status: SCAM

Website: https://www.dmmfx.net/

Broker violations and abnormal records
  • 2022-05-24 BrokersView has reviewed that DMM FX is an unregulated forex broker

    DMM FX claims to be a registered broker in St. Vincent and the Grenadines. However, we didn't find any result matching this broker from the register of Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). 

    Besides, SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate or license international companies engaging in such activities. Therefore, we highly recommend exercising caution when dealing with brokers claiming to be registered with or regulated by SVG FSA as they are actually unregulated. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

    DMM FX claims to be a registered broker in St. Vincent and the Grenadines. However, we didn't find any result matching this broker from the register of Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). Besides, SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate or license international companies engaging in such activities. Therefore, we highly recommend exercising caution when dealing with brokers claiming to be registered with or regulated by SVG FSA as they are actually unregulated. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • 2022-11-14 BrokersView has found that DMM FX is not working

    BrokersView found the domain "https://www.dmmfx.net/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://www.dmmfx.net/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

How likeky do you recommend DMM FX?

Theresa
Singapore
2022-06-24
ANSWER DMM FX is not a licensed or regulated broker even though it states offers that look good to be true. DMM FX claims to be a registered broker in St. Vincent and the Grenadines. However, we didn't find any result matching this broker from the register of Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). Besides, SVG FSA does neither issue any licenses for forex trading or brokerage nor regulate or license international companies engaging in such activities.The truth is, DMM FX is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like DMM FX and trade with licensed brokers.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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