Breaking: Japanese Expansion Continues, DMM Securities Launching Australian Division DMM FX
- MM Securities, the world’s second largest retail broker by volume has secured an ASIC license and will soon be launching DMMFX.COM.AU. DMM FX will feature FX and CFDs as well as binary options trading within its brand.
Invast Securities isn’t the only Japanese broker heading to Australia to launch its foreign expansion efforts. DMM Securities, the world’s second largest retail broker by volume has secured an ASIC ASIC The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the Read this Term license and will soon be launching DMMFX.COM.AU, a new Australian division. DMM FX will feature FX and CFDs as well as binary options trading within its brand. In addition, the broker will be offering MetaTrader 4, along with DMM’s proprietary platform that is available in its Japanese division. According to an announcement from DMM FX’s marketing partner, Agency M, the broker will begin to market its services in Australia starting next month.
Overall, the launch is part of a recent trend among Japanese brokers to expand beyond their country’s boundaries. Known for tight spreads and high volumes, Japanese retail brokers currently process around 50% of the world’s retail trading volumes. However, despite the success in Japan, they have been slow to expand globally, with the notable exceptions being Monex Group, which acquired both IBFX and Tradestation, as well as Hirose opening a UK FCA licensed group. This year, as mentioned above, Invast Securities went live with its Australian subsidiary as well as GMO Click, the world’s largest retail broker by volume making plans to open a London based affiliate.
Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates has reached out to DMM Securities about DMM FX and we will provide updates as we receive information.
Invast Securities isn’t the only Japanese broker heading to Australia to launch its foreign expansion efforts. DMM Securities, the world’s second largest retail broker by volume has secured an ASIC ASIC The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the Read this Term license and will soon be launching DMMFX.COM.AU, a new Australian division. DMM FX will feature FX and CFDs as well as binary options trading within its brand. In addition, the broker will be offering MetaTrader 4, along with DMM’s proprietary platform that is available in its Japanese division. According to an announcement from DMM FX’s marketing partner, Agency M, the broker will begin to market its services in Australia starting next month.
Overall, the launch is part of a recent trend among Japanese brokers to expand beyond their country’s boundaries. Known for tight spreads and high volumes, Japanese retail brokers currently process around 50% of the world’s retail trading volumes. However, despite the success in Japan, they have been slow to expand globally, with the notable exceptions being Monex Group, which acquired both IBFX and Tradestation, as well as Hirose opening a UK FCA licensed group. This year, as mentioned above, Invast Securities went live with its Australian subsidiary as well as GMO Click, the world’s largest retail broker by volume making plans to open a London based affiliate.
Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates has reached out to DMM Securities about DMM FX and we will provide updates as we receive information.