DMM FX ignores ASIC


23 March, AtoZForex.com, Amsterdam  In contradiction with the morning’s news item of ASIC, where the regulatory body is contemplating to reduce the FX Leverages down to an undisclosed maximum, along with the restricting more license applicants that offer extremely high leverage amounts. One of Australia’s largest forex brokers, DMM FX ignores ASIC and has announced a contrasting message, since the brokerage introduced a wide range of new and higher leverage options to its clients.

Through its website, the Australian broker has officially launched their new set of multiple leverages options. Expanding to the following list of leverage tools:

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1:600 1:500 1:400
1:300 1:200 1:100
1:50 1:25 1:10
1:5 1:2 1:1

Aside from the newly offered leverages, DMM FX has launched another promotional campaign alongside, for the purpose of attracting new clients. Specifically, the offer entails a no deposit bonus, where any given new client will be eligible to receive $50,- trading credit to their respective live account. Evidently, there are certain valid criteria’s and requirements that need to be taken into consideration to validate the offer, which can be found here.

The disputable promotional offer is somewhat comparable to Plus500’s strategy. Earlier the CySEC licensed broker has launched a no deposit bonus promotion throughout its markets in Europe. It goes without saying, that it was a great success for Plus500, as the firm was able to see satisfying growth deriving from this particular campaign.

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