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

dmm fx logoInvast 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 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.

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Forex Magnates has reached out to DMM Securities about DMM FX and we will provide updates as we receive information.

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