There are many different types of online brokers that provide online trading services to traders from around the world. They serve millions and millions of people from all parts of the world through their trading platforms and trading facilities. However, there is something about an online brokerage that allows every broker to be different from other brokers. You can’t expect two brokers to be the same even if they are providing similar services. The way they design their systems can make a huge difference. Of course, it all depends on how the trader feels with the broker in the end.
If the trader feels that he/she is being offered a great trading platform, there is no one to keep that broker from being popular. On the other hand, if a broker claims to be the best but the traders have a different opinion, no one can prevent that broker from going down. Now, DMX Markets seems to be a broker that has somehow redefined trading for its traders from all over the globe. What has this broker done right? Or has this broker opted to go the extra mile in providing the same traditional services to become the next favorite of traders? Let’s find out everything about this broker in this DMX Markets review.
The Amazing Features You Get to Enjoy When You Trade with DMX Markets
- Deposit and Withdraw Funds with Ease
As soon as you have made up your mind to sign up with a broker, you have to open a trading account. In order for you to open the trading account, you first have to pick one account from the bunch, deposit money in this account, and then start trading. So, how do you deposit money in your account? Is the broker going to help you in any way with your deposits? Or will you be left alone by the broker with your deposits and all the regulations and procedures associated with it? Many traders end up signing up with a broker that makes this simple process very difficult and complicated.
How does the broker make this process difficult? Well, first of all, you don’t have the best options available to you for depositing money in your account. You want the easiest and yet the safest options available for you to fund your account. That does not happen every time unfortunately. Which options do you think is the easiest for you? If you are not using some unique option, your answer must be using credit cards and debit cards. Debit cards and credit cards are the best options because they allow you to deposit money safely and within a few second into your account. That’s not the case with other methods of depositing money.
The most important thing is that you can deposit just $5 if you want with your credit or debit card when you sign up with DMX Markets. Now, the problem with most brokers is that they usually do not tell you about the various forms of hidden charges and commissions they have associated with you depositing money in your account and withdrawing it. On the other hand, DMX Markets is pretty straightforward and transparent about this matter. This broker tells you everything about your deposits and withdrawals. The good news is that you will not be spending any money in commissions and hidden charges because there are none with this broker.
When it comes to depositing money in your account, you can do so without any worries of any hidden charges and commissions. You will also be happy to know that this broker is going to cover all the charges that are involved in you depositing the money in your account. So, when you deposit money in your account, there are various commissions, fees, etc. associated with these money transfers. However, this broker is going to cover those costs for you too.
- Trading Accounts That Mean Something
If you look at the trading accounts from this broker, you will get a clear message that it worries about all of its traders. Whether you are about to make your first trade with this broker or have been trading all your life, you will find a trading account that matches your experience level and trading style. You have the basic account, which the broker has named the green account, in which you can start trading by depositing a small sum of just $5000. If you are a new trader, that amount might just be the perfect amount for you to start your trading career. You don’t have to put your entire life’s savings on the line just to sign up with an online broker.
If you want to sign up with an advanced account with advanced features, you can go with the premium account. There are some great perks that you will enjoy with this account, which are not available with the basic account. For example, when you sign up with the basic account, you can only take advantage of webinars once a week. On the other hand, if you go with the premium account, you can even take advantage of daily webinars. This will allow you to learn from the best experts in the industry so you can become a professional trader in no time. You can access some other great training material from the broker if you sign up with other advanced accounts.
The most expensive account from the broker is the presidential accounts, which you can tell from its name. This account brings the best of this broker to you. You can customize and personalize just about anything that you can think of. Every feature that other traders enjoy with other accounts can be designed by you according to your needs with this account. For example, you have certain loyalty points that you can gain when you sign up with other accounts. However, when you sign up with this account, you can define your loyalty points. You have specific leverages on your trades with other accounts, but your leverages are defined by you use when you use this account for signing up with the broker.
In other words, you have an account that will suit your trading style and the amount of money that you are willing to spend on trading. The best thing is that by achieving a certain trading volume with the broker, you can automatically upgrade to the next tier in the accounts.
- Licensing, AML, and SSL
If you look at the words in this particular subheading, you can shorten them into one word, and that is security. Yes, all of these words talk about the same thing, which is the security of the trader when he/she chooses a particular broker. When you sign up with a broker, you are not doing that only to trade on a trading platform. You also expect your broker to provide you safety of funds, money, and information. How can the broker do that? The broker can do that in many ways. First of all, let’s talk about the safety of your information.
Is your information safe when you sign up with this broker and provide it with your personal information? Can you expect your information to remain safe with the broker? Of course, a big broker like DMX Markets cannot make a mistake in this particular department. You will be happy to know that DMX Markets has proper SSL certificates on the website. In simple words, the broker will encrypt all the information that you provide on the website as soon as you enter it in the forms. Through encryption, the broker makes sure that no third party and hacker is able to access your information.
In addition to that, the broker has also followed the strict guidelines of the online trading industry by keeping your money separate in segregated accounts. Yes, if you are signing up with an online broker, you have to make sure that your money goes into separate accounts. What happens with some brokers is that the money you deposit in your accounts, they put that money into their personal accounts (company accounts to be precise). When the broker is in trouble or something wrong happens to its account, your money gets affected as well. For example, if the account of the broker gets frozen, your money will be stuck in it too.
In addition to protecting your information and money, the broker has to present proof that it is not a scam and will not play with your money. You will be surprised to know that there are hundreds of online brokers that are not brokers in reality. These are online scammers that pretend as brokers to take away your money. They create websites in the names of brokers, put some basic stuff on the website that makes them seem legit and then some traders sign up with them. At the end, traders lose millions of dollars every year because of these online fraudulent activities. That’s where brokers like DMX Markets come in.
The broker has made sure that it provides all the information about it on the website so you can have peace of mind. When you land on the website of this broker, you will see that it has provided you with its address. This means the broker does have a physical presence and it is not just some phantom in the online world that will disappear with your money some day. In addition to that, the broker has also provided information about its registration on the website. Also, you will notice that there is a special section on the website where the broker tells you about its licensing.
You will find all the licensing information about the broker on this particular page. You will notice that DMX Markets has obtained many different licenses for the difference branches of its services. In other words, you can sign up with this broker with peace of mind and be sure that your money is not going anywhere.
- Trade Forex, Stocks and More
When you sign up with a broker, the first thing you will notice on your trading platform is the assets that you can trade. When you look at the list of assets, you want to find a lot of them. You want to have a lot of options so you can compare the assets and find the one that you think is best suited to your trading strategy. However, you will not get many options from all online brokers. Some brokers are limited with the number of assets that they allow you to trade on their trading platforms. Can you get access to many assets when you sign up with this broker?
You will be surprised to know that this broker will give you access to many different financial markets from the same trading platform with the same trading account. You can trade forex currency pairs if that’s the type of trading that has always made sense to you. You will find all types of currency pairs when you choose to trade forex with this broker. You will be able to trade the big currencies like GBP, EUR, USD, AUD, etc. At the same time, you will also have access to other minor currency pairs that are not as famous but can offer you some great opportunities to make a lot of money through their volatility.
If you don’t like currency pairs and want to invest your money in something more tangible, you can go for commodity trading. Commodities can include a lot of different assets, including but not limited to cocoa, orange, wheat, corn, gold, silver, platinum, oil, gas, etc. In addition to that, you will also have access to the shares of many big companies of the world through stocks. Indices are also there if you want to trade these stocks together and not alone. You don’t get so many options with all the online brokers.
Now, what sets DMX Markets apart from its competitors is has also provided you with a long list of currencies that you can trade on its platform. You can trade USD, Euro, Canadian Dollar, British Pound, Australian Dollar, and many other currencies that are currently available in the forex market. The best thing is that you can use leverages on these assets as well despite the fact that they are quite expensive per se. It is important to mention here that you will be trading all of these assets in the form of CFDs. Do keep that in mind because there is a huge different between trading CFDs of the assets and the assets themselves.
- Spreads and Leverages That Sound Good
If you are new to trading, you should know that spreads and leverages can change your trading experience completely with a broker. A broker might provide you with a hundred different features, but if it does not handle spreads and leverages well, you will not stay signed up with it for a long time. When it comes to spreads, you have to understand the concept that it is the money that you have to give to the broker when you enter a trade. How do you do that? Well, the asset, when you purchase it from the broker, has a different price in the market than the one you pay to the broker.
This price difference is what helps the broker make money from you. If the price difference is huge, it is said to be a loose spread. On the other hand, if the price difference is small, it is said to be a tight spread. Now, you want to sign up with a broker that offers you some tight spreads. You will be glad to know that you have full control over the spreads when you sign up with this broker. If you go with a basic account, your spreads will fluctuate between 2.5 and 3.0 pips. On the other hand, if you want the best spreads, you can go with an advanced. Just so you know, the best account from the broker involves spreads as tight as starting from just 0.5 pips.
In addition to spreads, you will also like the leverages from this broker. Leverage is the amount of money that your broker is going to contribute with you to help you enter a trade that you can’t enter because of the limited amount in your account. With this broker, you will get huge leverages of up to 1:200 on certain assets. Do keep in mind that your leverages can change from asset to asset and between different asset classes as well.
- Trading Platform That Adjusts According to You
The worst thing that a broker can do in the modern world is to force its traders to adapt to its system. Today’s world is all about businesses adapting to the requirements of their customers. If you don’t meet the demands and requirement of your traders, you will lose their business eventually. So, when you create an online brokerage for traders, make sure that your trading platform is exactly according to the interests and requirements of the modern traders. You cannot force them to sit in front of their computers to trade. If they want to trade on the go, you have to give them the option to trade on the go.
That’s what DMX Markets has gone very amazingly. The broker has made its trading platform available on just about any device that you can think of. If you like to trade on your desktop computer just like traditional traders, you can do so with ease with this broker. The MetaTrader 4 trading platform, which you will be downloading on your personal computer, is the best that the online trading industry has to offer today. In addition to that, you have the trading platform available in the form of smartphone applications as well. You don’t have to worry if you have a different phone. The trading platform mobile application from the broker will run smoothly on your Android as well as iOS devices.
And when you want to leave everything behind and keep things simple, you can just go with the web trader from the broker. The web trader is like a website and you can access it from any device. It does not matter where you are in the world because this trader will be accessible from any device if you have internet connection. It will run on your personal computer, tablets, laptops, smartphones, etc.
- Educational Material and Training Is Reliable
The education and training this broker is providing you with is reliable. You can’t say the same about every online broker. At times, you end up with brokers who have not updated their training material for many years. At other times, you sign up with brokers who have only generic information in all of their training material. The training material from DMX Markets is something you can trust. First of all, you have webinars that are taking place every single day of the week. You can choose any account other than the Green account and take advantage of these daily webinars to learn live from the experts.
In addition to that, you also have a complete storage of training material available from the broker for free when you sign up with one of the five accounts. You can use this training material to learn how to trade. You can learn at a pace that suits you because the broker has made all the education available in the form of ebooks and videos.
It will be a bit too much to say that DMX Markets has redefined online trading. However, you can definitely say that this broker has refined online trading. The way traders are being facilitated by this broker is something you don’t get to see every day. It has a great trading platform that runs on every device. It has tight spreads and huge leverages. Its asset index is huge and the licensing information on the website is just great proof from the broker to win the trust of its traders from all around the world. It is a great broker without a doubt – one that you should have on your list if you are thinking about starting a trading career in the near future.