DMM Option Review
DMM Option is an Australian binary options broker. Part of the The DMM Group which is a global provider of online trading services, DMM Option is a new broker offering a binary options package that sits beside the group’s FX activities. Powered by Market Pulse’s trading platform, traders of every level will enjoy the trading experience offered by DMM Option while those who wish to try out the platform risk-free can do so with their free demo account. A great offering from this ASIC regulated broker.
- ASIC financial licence
- Invest from only $10
- Payouts of up to 85%
- Owned by DMM Group
- Free demo account
- Limited assets and expiry times
DMM Option Deposit & Withdrawal Methods
DMM Option Broker Information
- Founded: 2014
- Company: DMM FX Australia Pty Ltd
- Incorporated: Australia
- License: ASIC
- Platform: MarketsPulse
- Minimum Deposit: $200
- Minimum Withdrawal: $20
- Returns: 85%
- Minimum Trade: $10
- Demo Credits: $10,000
- High/Low, One Touch
- 30 sec, 60 sec, 90 sec, 2 min, 5 min, 15 min, 30 min, 45 min, 1 hour, End Of Day
- iPhone, iPad, Android
About DMM Option
About DMM Option
DMM Option is a fairly new binary options broker which is owned by DMM FX and is part of the DMM Group, a global provider of online trading services. Its powerful web-based platform offers five trading categories, providing traders with the latest technology and new, flexible trading options. DMM Option uses the Market Pulse trading platform and many traders have been driven to their website as they can test drive the trading platform with their free demo account option.
Designed for traders of every level of experience, DMM Option caters to every trader’s needs and is ideal for both large and small investors. DMM Option provides a reliable, interactive, and client-friendly environment for trading and its order execution and customer service is excellent, as traders would expect from a broker of this calibre.
Option types offered include High Low, Turbo 30 High/Low, Spread High Low and Rapid High Low and there is a choice of 16 different underlying assets to trade from in its portfolio of commodities and currency pairs. DMM Option offers excellent returns on successful trades depending on the option chosen and has recently introduced a new payout of 85% for EUR/USD for High/Low, Spread High/Low and Turbo 30 High/Low 60 Second trades together with a 15 Second option which is aimed at traders who are looking to make quick profits.
Opening an account with DMM Option is hassle-free, and can be done in just 2 minutes. Traders simply need to enter their personal details in the Live Account Registration form and deposit a minimum amount of $200.
DMM Options also offers its clients an excellent range of interactive web-based educational materials to brush up on their trading skills as well as access to a 24/6 dedicated customer support team who are on hand to deal with any enquiries when they arise. In addition, traders can trade with confidence knowing that DMM Option is financially transparent, well-managed and well-capitalised with resources to continue to innovate and lead the industry forward.
To sum up, DMM Option is a good choice for those looking to trade in a safe and secure environment. It is owned by a large FX broker which has the backing of a large corporation. DMM Option does however, give the impression of being just an added platform for its FX clients. Whether this is because it is early days as they are fairly new, time will tell, but presently, their trading options are somewhat limited which may steer some traders away towards other brokers’ platforms.
DMM Option History
DMM Option is the trademark of DMM FX Australia Pty Ltd which is licenced by the Australian Securities and Investments Commission (ASIC), the independent Australian government body that administers and enforces various laws as Australia’s corporate, markets and financial services regulator.
DMM Option was founded in 2014 and is part of the DMM Group which is a global provider of online trading services. The DMM Group is the Number 1 global forex broker in terms of trading volume.
DMM Option Bonus Terms & Conditions
We were unable to find a comprehensive list of terms and conditions on DMM Options’ website regarding bonuses although there are details relating to its current 100% initial deposit bonus. Traders should be aware that if they wish to accept this bonus, it will be automatically credited to their account upon meeting a trading turnover requirement of 30 times the bonus amount.
DMM Option Withdrawal Terms & Conditions
DMM Option makes the withdrawal process as quick and easy as possible. Traders simply need to go to their account, select the “Withdrawal” option and complete the details. Prior to a first withdrawal being permitted, traders must provide valid identification documents including a copy of their government ID (passport or driving licence), proof of address and a copy of the front and back of the credit card, if used for the initial deposit.
All withdrawal requests are processed according to the funds’ source of origination. For withdrawals to an overseas bank account there is a charge of AUD $20 or equivalent fee. Funds transferred to a bank account may take up to 2 business days for domestic transfers or 3 to 5 business days for international wire transfers. The minimum withdrawal amount is $20.
DMM Option Demo Account
With DMM Option traders have the unique chance to try their free demo account without the need to supply any personal details or register for an account. Traders can access the DMM Option free demo account page directly on the website and receive $1,000 in virtual money which they can trade with, according to their preferences.
DMM Option Scam Watch
We have not found any negative reviews about DMM Option reporting them to be a scam and in our opinion there is enough information to prove that this broker is legal and regulated. They are also owned by the DMM Group, a global provider of online trading services so traders can be assured of their legitimacy.
DMM Option Mobile App Review
At present, DMM Option only offers the web platform but traders can be assured that regardless of where they are located, their platform will perform flawlessly and trading will always be secure and safe.