The Australian forex and CFD broker DMM FX said it will waive deposit and withdrawal fees, starting Monday, 8 February until further notice.
The new policy will apply to all customers of the brokerage who have live trading accounts, no matter when the account was opened. The withdrawal and deposit fees will be waived for deposits and withdrawals of 1000 and more units of the base currency (100 000 when the base currency is JPY) of the account. DMM FX stipulates that those must be carried out in one transaction and is not cumulative. The fees for smaller transactions will remain.
The company also notes that it reserves the rights to refuse to process a withdrawal request if it has reasonable grounds to believe that the trading account may turn into a negative balance after the withdrawal request is processed.
DMM FX requires of its clients an initial deposit of minimum 200 units of AUD, USD, EUR, GBP, NZD or 20 000 JPY. DMM FX offers forex and CFD trade. The maximum leverage is 1:600.
DMM FX is regulated by Australia’s Securities and Investments Commission (ASIC) and is part of the Japanese conglomerate DMM.com Group.