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DMM FX broker

  • #21
  • Sep 15, 2015 12:48am Sep 15, 2015 12:48am
hi All, after reading some comments on dmm fx, i just want to give my own experience. i have trade real account on dmm fx for about 6 months. up until now, all of my trading activities and money withdrawal is going ok. i accept the money in about 3 days using wire transfer method, but withdrawal cost is about usd 30. trading response time is acceptable, never requote, and all my tp and sl is honoured. my trading style is scalping between 5-10 pips, but i don't trade during high impact news period.

dmm fx already mentioned that you can not trade during news event, so their conditions match my trading criteria quite well. they just froze the price for about 30-60 seconds of high impact news release. and yes, at about 2-5 seconds before the news release (frozen trade), sometimes the spread is widen to 5 pips. when the price is running again, the spread is already back to normal.

hope this informations can give another point of view to you all.

green pips to you all.
Always Set Stop Loss !! Trade what you see .... Not what you think !!
  • #22
  • Sep 15, 2015 1:30am Sep 15, 2015 1:30am
Quoting t3ric
hi All, after reading some comments on dmm fx, i just want to give my own experience. i have trade real account on dmm fx for about 6 months. up until now, all of my trading activities and money withdrawal is going ok. i accept the money in about 3 days using wire transfer method, but withdrawal cost is about usd 30. trading response time is acceptable, never requote, and all my tp and sl is honoured. my trading style is scalping between 5-10 pips, but i don't trade during high impact news period. dmm fx already mentioned that you can not trade...
yeh yeh we believe you ,
people leave, but this thread will go on for ever
  • #23
  • Edited 10:04pm Sep 16, 2015 9:06pm | Edited 10:04pm
Their spreads for running an expert advisor are doubled, and I did read recently to open an expert advisor account min deposit is $10k.
My comments are not to be taken as trading advice, not a financial advisor
  • #24
  • Sep 16, 2015 10:01pm Sep 16, 2015 10:01pm
hi cogs, thanks for the info. I do not running an ea and monitor my positions during the trade since i only chase 5-10 pips. I know about the min dep of $10000 to run the ea, but doubling the spread is something new to me.

green pips to you
Always Set Stop Loss !! Trade what you see .... Not what you think !!
  • #25
  • Oct 28, 2015 12:51am Oct 28, 2015 12:51am
Hi,

Anyone trading with DMMFX has issue with "no connection"? Happen twice this week.
Feedback please.

Thanks,
  • #26
  • Oct 28, 2015 1:40am Oct 28, 2015 1:40am
Quoting FireFries
Hi, Anyone trading with DMMFX has issue with "no connection"? Happen twice this week. Feedback please. Thanks,
I just experienced mine for the first time today. but its back now
  • #27
  • Oct 28, 2015 3:47am Oct 28, 2015 3:47am
Am still disconnected, did online chat, they are investigating and will write to me via email, guess there is no trading for me today. Gonna just do some reading.
  • #28
  • Oct 28, 2015 3:57am Oct 28, 2015 3:57am
Quoting FireFries
Am still disconnected, did online chat, they are investigating and will write to me via email, guess there is no trading for me today. Gonna just do some reading.
Its strange as their demo is fine so why only live accounts affected ???? very strange and a bit worrying too... obviously not a technical issue or demo wouldn't be working either...

WTF's going on????
Feel the Fear and do it anyway!!!
  • #29
  • Oct 28, 2015 4:27am Oct 28, 2015 4:27am
No idea, Clive, the last i read was some isp issue that affect another broker in down-under, :-)
Anyway, most of the live server are not mix with demo server and bigger brokers normally has multiple sites too.
i have been trading with DMMfx and it was going well so far except that the standard account do not support script and EA, so it has been manual trading for me.
1st issue i had since opening an account with them (couple of months) and no connection means rest day for me, . Might as well go for a run, sweat it out.

Cheers,
  • #30
  • Oct 28, 2015 5:18am Oct 28, 2015 5:18am
total bullshit from dmmfx on this "issue".
i have had multiple live chats about it.
still unable to connect. it has been 10 hours.
stuck with open positions. going into high impact news.
they have no contingency to manage your open positions.
they also gave me an IP for an alternate "live" server. which was actually just the current, normal live server.
there needs to be some calls to the ACCC.
  • #31
  • Oct 28, 2015 6:00am Oct 28, 2015 6:00am
sorry to hear that, jnetfx.
I believe you have to write in, any worthy broker will make good when the issue is resolved.
Hope the high impact news work in your favor.

Still unable to connect as of now, lets keep each other updated.

Cheers,
  • #32
  • Oct 28, 2015 6:04am Oct 28, 2015 6:04am
same, still unable to connect. i am getting no response on live chat now, either. i can ping the server IP. but, it shows offline on MT4 scans. can't believe the so-called 2nd largest retail broker in the world only has one functioning live server, and can go down for 10+ hours. FOMC news day of all days.
  • #33
  • Oct 28, 2015 6:07am Oct 28, 2015 6:07am
Your kidding? I thought the IC event was bad. Make sure you document and ensure they cover your losses.

No broker should be out of action that long.
My comments are not to be taken as trading advice, not a financial advisor
  • #34
  • Oct 28, 2015 6:15am Oct 28, 2015 6:15am
its back now
  • #35
  • Oct 28, 2015 6:23am Oct 28, 2015 6:23am
not for me... you on the live server?
  • #36
  • Oct 28, 2015 7:01am Oct 28, 2015 7:01am
Quoting mitch77
{quote} Do you think the second largest retail forex broker in the world will run off with $20K? Their volume is one trillion per month, that is more than most of the other bucket shops combined! http://forexmagnates.com/tag/dmm-volume/
All brokers are crooks. YES - they would steal 10 cents from your mother if you let them. BTW-only little boys and girls use emoticons.
FF = Forex Faggots
  • #37
  • Oct 28, 2015 9:03am Oct 28, 2015 9:03am
Another 2 hours on, and still nothing. No connection. No updates or communication. Trades left open with no access... Going into FOMC...
  • #38
  • Oct 28, 2015 9:23am Oct 28, 2015 9:23am
Just logged in to check, Servers online, at least for me.
  • #39
  • Oct 28, 2015 9:33am Oct 28, 2015 9:33am
would you mind sharing a screenshot, because i do not see how that is possible when the central MT4 scan of the server shows it as offline... maybe you could also share you IP address so we can check if it matches dmmfx offices... not that I am suggesting you are posting on behalf of dmmfx... but, I am sorry there is no way connection is working for some, and not others in this instance...
  • #40
  • Oct 28, 2015 9:48am Oct 28, 2015 9:48am
Quoting jnetfx
would you mind sharing a screenshot, because i do not see how that is possible when the central MT4 scan of the server shows it as offline... maybe you could also share you IP address so we can check if it matches dmmfx offices... not that I am suggesting you are posting on behalf of dmmfx... but, I am sorry there is no way connection is working for some, and not others in this instance...
I logged in though my phone when I heard you guys were having a problem, I don't even have their metatrader 4 installed anymore.
I did however talk to live chat about it, asking if any orders would be compensated... Take a look at their reply...
They asked for my account number before answering...
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