DMX Markets Review
As a trader, you want your first broker to be the one that provides you with everything you need so you don’t have to sign up with another broker ever. That’s very much possible if you pick the right broker after proper research. You have to look into a variety of factors to make sure that the broker you are about to sign up with is giving you everything that you want with your trading account. Now, you should not fall for small things like welcome bonuses and loyalty points. These are great attractions but they don’t help you further in your trading career.
You have to look at other important factors that only the best brokers can provide you with. If you are okay with security and safety features, the next big thing to focus on is the trading conditions with the broker. Of course, you are signing up with the broker to trade and if you are not going to have a great trading experience, there is no point in signing up with the broker at all. Now, you must have heard the name of DMX Markets as one of the famous brokers these days. If you haven’t, here is your chance to find out if the broker will be your first and last broker, and that you won’t have to sign up with any other broker once you have a trading account with DMX Markets.
So, read this detailed DMX Markets review to know what features you can expect from this online broker.
DMX Markets Intro
The most important thing to consider when you are about to sign up with a broker is the main mission, vision, and the type of trading that the broker works with. If the broker has different vision than yours, you might not feel so great while trading with this broker. When you look at DMX Markets, this broker is all about giving the best trading platform and experience to its traders no matter where they are located in the world. You must know at this point that the broker is all about forex and CFD trading. These formats of trading are the most famous these days, especially because CFD provides you with some great opportunities of making a lot of money.
One of the things you will love about this broker is that it is open about everything. You will not feel as though this broker is trying to hide something from you, which is the case with many other online brokers. CFD trading involves huge risks and the broker has this mentioned on the website already.
Now, if you are looking for the best online broker in the digital world, you first have to sift out all the brokers that are fake and not providing trading services in reality. These brokers are scammers that take money from you in the name of trading and never return it. How do you know you are signing up with a fake broker and not a real one? Well, you just have to see some proofs of credibility, which are usually mentioned on the website of the broker. In this particular case, you want to see that the broker is a registered entity and it has proper licenses to operate as a broker on the internet.
You will not always find this information on every brokers’ website, but you will on the website of this broker. DMX Markets tells you right on the website that it is a registered company. In fact, you can even see the address of the company on the website. The best part is that you have the licensing information on the website as well. The broker has dedicated a section on the website for licensing information. You will find this information on the website in the form of a document. You will see that the broker has multiple licenses to provide a variety of services. That’s something you are going to love from this broker. In the end, you know that you can trust this broker.
Account Types with Great Features
The account types from this broker have been created after proper thinking, and you can tell that right from the features that are included in them. There are five different accounts types that have different features, and thus they are suitable for different types of traders from around the world. Now, if you are someone who is trading for the first time, you will love the basic trading account from the broker. Despite the fact that this account has some basic features included in it, you are going to love those features as they are some great ones.
For example, when you sign up with the basic account, you still get the loyalty points. They are floating loyalty points, but they are there and that’s quite a big thing in the first place. In most cases, online brokers do not give you any loyalty points if you sign up with the basic account. The spreads with this account start from 2.5 and stretch to a maximum of 3.0 pips. That might not seem like the tightest spreads, but you have to keep in mind that they are for the most basic type of account. If you want tighter spreads, you can go with other types of accounts.
What you are going to love about the trading accounts from the broker is that they keep your pocket and budget in mind. For example, if you are a new trader who has not traded before, you might not have a huge amount to put in your account. You might not even be able to sign up with many online brokers for this particular reason. However, when you are with DMX Markets, you will not have any problems like these. With this broker, you will have to deposit a small amount of just 5000 units of the base currency. By doing that, you will have access to the amazing trading platform from the broker and some great assets for trading.
You are also going to love the fact that once you have made a certain amount of money with the broker, you will automatically move to the next tier in the account types. That’s something most other online brokers do not provide you with.
Deposits and Withdrawals Are Non-bothering
It is unfortunate how so many online brokers make withdrawals and deposits bothersome for their traders. In most cases, they have a lot of different hidden charges associated with your withdrawals and deposits. At the same time, they tell you a dozen different types of commissions as soon as you think about depositing money in your account or taking out some. That can be off-putting for many traders because they have to pay money to get money. However, you will be glad that you are with one of the rare online brokers that do not charge you anything when you deposit money in your account or withdraw it.
In other words, you can deposit money in your account without worrying about spending anymore. The broker has gone out of its way to provide you with an easy deposit method. Even if there are any commissions and fees involved with your deposits, the broker will cover them for you. You don’t find this amazing generosity with most other online brokers these days. Now, in addition to this, you should also know that you can deposit money using your credit or debit card with ease.
The best thing about depositing money through this method is that you can have money in your account for trading almost instantly. Of course, since you are trading with a broker like DMX Markets, you will not have to worry about any commissions on your deposits when you use your credit or debit card. It is amazing that the broker has made money deposits so easy for its traders. In many cases, you are limited to depositing only a certain type of currency in your account when you sign up with an online broker. What happens then is something you are not going to like.
Well, you have to convert the currency you have into the currency that you can deposit in your account. While doing so, you end up losing a lot of money in the form of conversion rates. However, you can deposit just about any major currency type when you are with this broker. In other words, you will not have to spend any money on conversions. All the money that you deposit in your account will appear in your account after some time. There is another thing you are going to love about DMX Markets because of its ease of deposit features. You can make a deposit of only $5 in your account.
With other brokers, you have to agree to deposit a big amount in order for you to be able to deposit the money in the first place. However, you don’t have to worry about such things when you sign up with DMX Markets. So, you can see from this particular feature that this broker is pretty friendly to its traders when it comes to banking. On the other hand, you have some brokers that start making the lives of their traders miserable as soon as they consider making a deposit.
You have to know at this point that the broker also allows you to deposit money in your account through debit cards. That’s an option you rarely get from online brokers. In addition to that, if you have already deposited money in your account using your credit or debit card, you can then use bank wire transfer for the deposit as well. However, the minimum amount of deposit might be different when you go with this option.
Trading Conditions Are Flexible
You will feel a lot of flexibility and freedom when you start trading with DMX Markets. This broker has made sure that everything you do on the trading platform from this broker benefits you in some way. It provides you with all the options and features that you only expect from other brokers when you choose their expensive and advanced accounts. On the other hand, you can enjoy the best of trading with DMX Markets even if you sign up with the most basic account on the list. So, when you sign up with the broker, the first thing you have to worry about is how much profit you can make.
If the spreads are loose, you can be sure that you will not be able to make a lot of money. That’s because spreads show you how much money the broker is going to make on your trades. Or you can view it as the cut the broker takes from you when you trade successfully using its trading platform.
So, how much are you going to spend in the form of spreads when you sign up with this broker? Well, the spreads you are going to face from the broker depend on the type of account you choose. The bigger the account the tighter the spread. When you sign up with the basic account, you will have to pay the biggest spreads on your trades. However, you will be surprised to know that even the loose spreads from this broker for basic traders are better than the spreads offered by other brokers to their best traders. So, the spreads are going to start from 2.5 pips if you sign up with a basic account with this broker.
However, the same spreads will start from only 2.0 pips if you sign up with the next account on the list, which is called the premium account. That’s the pattern you will notice when you start climbing the ladder in the accounts section. As you continue to go from a basic trading account to the advanced ones, your spreads start to get tighter. In other words, you make more money on your trades with this broker when you have an advanced account. If you go with the most advanced account, which is meant for professional traders only, your spreads will start from just 0.5. You can already imagine how small your spreads are with this account.
This shows how the broker is trying to make things easy for its traders. In other words, trading conditions are pretty great with this broker. You will notice that even when you look at the leverages you are getting on your trades. It is amazing how you can enjoy some huge leverages on your trades no matter which account you sign up with. The best thing is that your leverages change from asset class to asset class. What that means is that your leverages will be different when you are trading forex currency pairs than when you are trading other assets like stocks, commodities and z.
The maximum leverage that you can enjoy from this broker is 1:200. That means you will get $200 contributed by the broker for every $1 you spend on your trade. This will allow you to increase the size of your trades exponentially. Eventually, this will help you make a lot of money if you make successful trades. Keep in mind that the amount of money you make on your trades depends on your skills only. It is now a lottery and so there is no luck involved in trading. No matter how big the leverage is that you are getting from the broker, the profits you make on your trades depend on you at the end.
Asset Index Is Great
The asset index from this broker is impressive without a doubt. This is the asset index that not only new traders but experienced traders will also love. When it comes to new traders, they want more options so they can pick an asset that goes well with their trading strategy, allows them to learn trading without putting too much money at risk, etc. On the other hand, when it comes to experienced traders, they focus on minimizing their losses and risks. They do this by distributing their risks over a wide range of assets, which is a simple depiction of not putting all the eggs in the same basket.
So, this broker will allow you to do that with ease. You have just about all the assets available for trading with this broker that you can think of. If you are thinking about trading forex currency pairs, you will find plenty of them on the asset index. The best thing is that you can enjoy some huge leverages while trading forex currency pairs with DMX Markets. In addition to that, if you like to trade stocks jointly, you should go with indices trading. You have indices coming from a variety of financial markets from around the world. You can also trade stocks separately if that’s how you like to trade them. You will get all the options you need with this broker.
You also have a huge list of commodities available for trading with this broker. You can trade precious metals, which may include silver, gold, platinum, and many others. You can also trade energies like gas, oil, etc. The best part about this particular broker is that it has also provided you with access to the cryptocurrency market, which is still a new market and that’s why not all the brokers offer access to it. When you are with DMX Markets, you will be able to trade a variety of cryptocurrencies that are currently famous in the cryptocurrency market.
You can trade cryptocurrencies like EOS, Ethereum, Litecoin, Bitcoin, Stellar, Ripple, and many more with this broker. You will have a great experience trading digital coins with this broker because it allows you to trade them with leverages. It is amazing how this broker offers you huge leverages of 1:10 when you trade cryptocurrencies, when the most renowned brokers in the world are still stuck with some basic cryptocurrencies and leverages of no more than 1:5. It shows that you are signing up with a broker that not only cares about you but also brings you what most other brokers can’t.
Trading Platform Is for All Devices
In today’s world, when you think about a trading platform, you don’t think about something that you can only use on your desktop. In the past, you could only use your trading platform on your desktop computer. Today, most people own mobile devices and thus they want the trading platform to be available on their mobile devices as well. If the trading platform you are getting from your broker is not on the mobile device, you will not like it. However, that’s not going to happen when you trade with DMX Markets because this broker has brought you a modern and practical trading platform that will fit into your lifestyle with ease.
This trading platform is available on your desktop computer. The trading platform you will download on your personal computer is MetaTrader 4, which is the best in the online trading world. On the other hand, you can download the mobile version of this trading platform on your iOS and Android devices with ease. If you don’t like downloading stuff and want something that you can access with ease regardless of the device type, you should go with the web trader. Yes, this broker is giving you access to the web trader as well. You will access this exact trading platform no matter you are on a desktop computer or smartphone device.
Looking at the fact that this broker is licensed and the licensing information is available right on the website, you can say that it is a trustable option for traders from around the world. In addition to that, the many spread options and leverages available on different types of assets show that the broker understands what its traders want and can afford. With all these features, an amazing trading platform, and an asset index that suits new and experienced traders both, you can say that DMX Markets should be enough for you when you sign up with it.