DMM FX forex broker is merely a member of a group of companies owned by a Japanese company named DMM. This group is said to provide online trading services across the globe. Read on our DMM FX bonus review to find out why you should not be deceived by DMM FX’s bonuses!
DMM FX Bonus Review
The regulation of its members is done by the Australian Securities and Investments Commission (ASIC) located in Australia and the Japanese Financial Services Authority (FSA).
Trading of various CFDs and currency pairs is offered by DMM FX. They utilize the MT4 platform among others such as a WebTrader and MetaQuotes smart phone applications.
DMM FX lures people to their company using attractive bonuses and promotions. However these bonuses and promotions carry no weight at all.
DMM FX Deposit Bonus
Deposit bonuses are quite useful because they increase your starting capital.
DMM FX deposit bonuses come in two options which are only for their Standard accounts.
The first is a 100% bonus for deposits up to $500. The other is a 30% bonus for deposits up to $30,000.
Now this rather alluring, in either scenario you benefit immensely and if DMM FX was a broker you could trust then we would tell you to jump at this chance.
But that is not the case.
DMM FX deposit bonuses are used to attract clients. After they are distributed, they are then quickly taken away.
One of their past clients was shocked when he needed his bonus to trade but quickly realized they had taken it back leaving him with a negative account.
DMM FX is not a broker you can trust, no matter what they or the false reviews that they pay for say.
DMM FX Loyalty Rewards Program
DMM FX also has a loyalty rewards program which they offer to their Standard account holders.
According to their website, you are enrolled into the program at no extra cost and you are upgraded automatically once you have the necessary points.
There are three categories:
You have to have 1000 points minimum to redeem them. One point is equivalent to your base currency and the points expire after one year.
You start at Bronze then upgrade to Silver when you enter ten or more new positions each months for three consecutive months. You’re upgraded to Gold when you enter 200 or more new positions each month for three months straight.
It’s not a lot and would be difficult for many.
The worst thing is that when you do qualify and try to redeem your points, you are met with resistance from DMM FX and never actually receive your money.
DMM FX Bonuses Conclusion
DMM FX bonuses are merely false promises used by this suspicious broker to lure you in and take your money. Do not trust them or what false reviews they pay for say. DMM FX is nothing but a scam.