DMX Markets Review: A Top Brokerage Service?

Before you can start trading in the financial market, you need a broker to guide you on how to trade successfully. The market is flooded with many brokers, each claiming to be better than the other.

However, you need to make sure that you choose a broker, not by the claims that it is making but by carefully examining its features. We will now look at DMX Markets, a broker that is alleged to provide one of the best brokerage services you can find.

About DMX Markets

DMX Markets is an online forex broker and a CFDs provider, delivering trading facilities on shares, forex, commodities, and indices, alongside innovative trading technology.

It is concerned with providing traders across the globe with cutting edge Forex trading technology to offer unmatched top tier liquidity, institutional grade spreads, and the security of tight financial regulation.

The broker claims to provide its clients with all the guarantees that they need to enable them to gain access to the market along with several other benefits, such as providing high-quality trading services.

DMX Markets is a broker with the vision of providing an unsurpassable benchmark for personalized, best-practice service through round-the-clock coverage delivered by one of the world’s largest and most accomplished client coverage teams.

The broker has many features that mark it as different from the other broker in the industry. This DMX Markets review will give more insight into these features and how you can benefit from them irrespective of your level of experience in the financial market.

Unique Features of DMX Markets

  • Contract For Differences:

DMX Markets is widely known as a provider of Contract For Differences (CFDs). This refers to a contract existing between two parties in which one is the “buyer,” while the other is the “seller.” 

The contract stipulates that the seller will have to pay the buyer the difference between the current price of an underlying asset and its price at the time when the contract was initiated.

This only occurs when the difference between the two prices is positive, but if it turns out to be negative, then the buyer will have to pay the difference to the seller. In trading CFDs, there are two options that you can choose from in order to make profits.

  • Long Position:

This option allows you to take advantage of favorable market movements to make a profit. You can open a long position if you believe that the price of the underlying asset at the time of closing the position will be higher than when you opened the position. If your predictions turn out to be correct, then the broker will pay you the difference.

  • Short Position:

This option enables you to make a profit from an unfavorable market. You can open this position if you think that the price of the underlying asset will drop by the time you close the position.

The price of the underlying asset can be greatly affected by a couple of factors such as the type of asset, market movements, the volatility of the chosen price, and many more.

Interestingly, you do not even have to buy the underlying asset before you can trade them using the CFD, and this helps you to maximize your profits by taking advantage of both bull and bear markets.

However, you need to trade cautiously because the financial market can be extremely unpredictable. An asset whose value is rising, causing traders to invest in order to make profits, may suddenly plummet, leaving investors scratching their heads.

Therefore, keeping a close eye on the market trends, paying attention to news reports, and doing research can go a long way to help you trade CFDs efficiently.

Trading Platforms:

DMX Markets is a broker that seeks to provide all that is required by its clients to enable them to trade conveniently. For this reason, the broker has provided three different trading platforms that you can choose from based on your preferences.

  • Web Trader

This trading platform is designed especially for new traders in the industry. It does not require any downloads as you can access it via your computer. It has an intuitive interface with modern designs aimed at making trading very easy.

When using the Web trader to sign in to your DMX Markets account, you can customize your trading in a way that suits your style and preferences. You can also view the same market on multiple timeframes by splitting the charts as well as apply several indicators and drawings without running the risk of slowing down. Additionally, you can open, edit, and close both separate and aggregate positions as fast as possible.

  • MetaTrader 4

This is the most secure trading platform in the industry. It keeps data private and encrypted to facilitate secured trading. It is also the most popular trading platform, as millions of traders utilize it in their various transactions.

The MT4 trading platform of DMX Markets provides you with instant responses to various trading alerts and signals coupled with Chart-based trading and position-keeping, where you can update, modify, and optimize your positions.

  • Mobile Trader

This trading platform affords you the opportunity of carrying out your trading anywhere you are. You can fully participate in the market even during your free time using the mobile trader.

The DMX Markets Mobile Forex application has every feature that can be found on the desktop platform. However, the interface is designed in such a way that it is very easy to understand, enabling you to trade comfortably. The Mobile Trader is available for download on iPad, iPhones and iOS devices.

  • Security:

When it comes to trading in the financial market, security is one facet that should not be ignored when you are making a choice of an online broker to sign up with. This is because if your funds and personal information are not kept safe, there is a high possibility of it being stolen by hackers who are constantly looking for loopholes in the security of any online platform.

However, at DMX Markets, the issue of security is of utmost importance. The broker is very conscious of the fact that maintaining the profile of being a transparent and reliable broker in the industry requires that it also maintains a high level of security. For this reason, the broker has employed some of the best security measures to ensure that both your investments and any sensitive personal information, including your transaction details, address, and many more, which you send to them are kept safe and secure.

To prevent criminals from disguising proceeds of crime as a legitimate income, the broker has put in place the standard Anti-money Laundering (AML) Policy. It also goes ahead to verify the authenticity and suitability of each and every one of its clients using the Know Your Customer compliance. This is to maintain transparency to the highest degree.

In terms of the funds that you have deposited into your DMX Markets trading account, the broker makes sure that these funds are kept safely in segregated bank accounts in some of the leading banks in the world. The broker gives an account of every single amount that you deposit. So, you do not need to constantly worry about the transaction history or safety of your funds.

When it comes to matters relating to your personal information, DMX Markets secures every vital information that you share with it using some of the best encryption systems in the world. Each and every one of the DMX Markets platform is fully secured using the SSL 

The broker has a thoroughly vetted team of employees working very hard to achieve the company’s goals and to provide the best service it can offer to its clients. Security is a very big concern to DMX Markets.

  • Diversity of Trading Products: 

There are quite a few brokers that give their clients a variety of assets to choose from. This minority often does not meet up with a standard that clients require to enable them successfully.

This is quite the opposite in DMX Markets. The broker provides its clients with a wide array of products in which they can trade on in order to diversify their portfolio. The reason for this is to help clients avoid the risks associated with trading on a single product in the market.

The broker gives you the opportunity to trade on commodities like gold, silver, natural gas, and oil, which are natural resources that contribute largely to the development of the world economy.

You can also trade on the stocks of various leading companies all over the world. You can as well add Foreign Exchange trading to your portfolio, where you can trade on various major and minor currency pairs such as EUR/USD, USD/JPY.

DMX Markets also provides you with the option of trading on indices, which are accurately measured across a segment of leading market Equity/Stock indices.

  • Trading With Leverage:

Leveraged trading enables you to increase your chances of making profits in your trading, as it allows you to take up certain positions in the market that you would not have been able to take up otherwise. DMX Markets gives you the opportunity to trade with leverage as high as 1:400, thereby maximizing your profits.

Nevertheless, this type of trading comes with its own risks. As much as you can make huge profits, you can also lose virtually everything that you have invested. Therefore, it is wise to learn as much as you can about this feature.

On the bright side, the broker has provided a means of protection for you in the event that you suffer any losses. It has enabled the Negative Balance policy and a Stop Loss feature that prevents you from losing everything you have invested if the market is not favorable. The stop loss feature prevents you from having a negative balance.

  • Risk Disclosure:

DMX Markets is an online broker that strives to maintain a high level of transparency with regard to its activities. The broker uses this avenue to reveal a list of some of the risks that are associated with trading in the financial market.

First, the broker reminds its clients of how speculative trading can be. Therefore, you need to understand this fact and be ready to accept the economic, legal, and other risks that are involved. You should also be financially capable of taking care of any losses that may arise.

The broker also reminds its clients that the recommendations given by its personnel are just mere suggestions. The ultimate decision on what to do remains the sole privilege of the client. Therefore, if you happen to make some trading decisions based on the recommendations given, and it results in some losses, the broker will not be held responsible for any of the losses. So, you need to have a full understanding of what you are going into in order to make the right decisions.

Hence, when trading, you need not invest your life savings into any platform as you can not guarantee the outcome. Stating these facts is a clear indication that the broker is concerned with remaining transparent, which is one of the strongest qualities of a good broker.

  • Opportunities for Learning:

DMX Markets believes that in order to be successful in the financial market, traders need to have a deep understanding of how the market operates. Due to the high volatility of most assets, investing in the market is very risky. It is important to acquire all the knowledge you can get on the various trading strategies to use for trading on these assets to prevent any losses.

If you are a new trader in the industry, you need not worry, as DMX Markets has made provisions to teach you all you need to know to enable you to trade safely. The broker has a list of educational materials that treat various topics that interest traders, from the basic knowledge of trading to advanced strategies that are employed at various levels of trading.

These educational materials, such as ebooks, and trading manuals, are created with help from the expert traders in the industry. These experts give sound advice based on their experience in the financial market. The broker also hosts webinars where you can have a one-on-one interaction with experts and tap from their wealth of experience in trading. 

Clients are also provided with a live market analysis of various assets in the market in order to keep them updated with the current market trends and performance of a particular asset. This helps them to make good trading decisions that yield them profit.

Conclusion:

DMX Markets has some well-established evidence that identifies it as an ideal broker to sign up with. It provides transparent and reliable services and is deemed to be the broker you need to help you make the most of your trading. 

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