Forex broker DMM FX Australia, part of Japanese electronic commerce and Internet group DMM FX, extended on Thursday the working hours of its client support office to provide advice to clients in regards to its decision to cease operations as of 1 August, 2016. Customer support representatives are available Monday through Friday from 9 am to 12 am AEST/AEDT.
Last month, the brokerage said it is ceasing operations, without saying why. At the time, it invited clients to close all open positions by 30 July, or they will be closed automatically at the available market prices. The broker will not accept client deposits from 1 August and clients have to withdraw all funds by 19 August.
DMM FX Australia is registered in Australia and licensed by the Australian Securities & Investments Commission (ASIC). It offers investing services in 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
