DMX Markets Review: Benefits and Risks of Trading With This Broker
DMX Markets is one of the trending brokers people use presently to navigate the muddy financial markets.
The Forex Market boasts approximately $5.3 trillion in daily trading volume, making it the largest and most liquid market in the world. Forex trading, which is the act of exchanging fiat currencies, is thought to be centuries old – dating back to the Babylonian period.
Today, the Forex market is one of the biggest accessible markets in the world, and has been shaped by several important global events in history.
We assure you that reading this article is no coincidence of any sort, rather it’s an eye-opener as we would be introducing you to DMX Markets, it’s a company established for the sole purpose of making trading online easier and safe.
Here is an overview for the rest of the article:
- Understanding DMX Markets.
- Benefits Traders Enjoy with DMX Markets.
- Basic characteristics of DMX Markets.
- Is DMX Markets stable?
- Traditional Risks Involved in Trading with DMX Markets.
Understanding DMX Markets
DMX Markets is known all round for being a reliable online Forex trading broker. The company has proven Its efficiency by providing traders far and wide and across the world with an extensive cutting edge Forex trading technology to offer unattainable top tier institutional grade spreads. DMX Markets has also provided a distinct security of tight financial regulation.
DMX Markets is a top grade provider of contracts for difference (CFD) delivering trading facilities on shares, commodities, indices and foreign exchange alongside an innovative trading technology. DMX is reliable for traders empowerment, it broadens the traders’ sight of online trading.
Benefits Of Using DMX Markets
As a trader, the first question you want to ask is what’s in it for you if you decide to ditch your broker and switch to DMX Markets. Also as a beginner, you may wonder what unique features offered by the broker can help you reach your targets.
Well, let’s consider the following benefits:
- Provides distinct trading services to clients, regardless of their balance: DMX Markets doesn’t necessarily need a trader’s big paycheck to provide the best services. They are committed to all types of clients irrespective of the client’s balance.
- DMX Markets educates its clients about the financial markets and the risks involved in the trades: The company ensures that the clients are aware of all the risks involved in a particular trade.
DMX Markets at all times provide ideal suggestions on how to avoid certain loopholes in the trading market. The company comes up with effective alternative methods to go about trading, making sure that clients are well informed about the financial markets and efficient strategic steps to benefit from the trade.
- Promotes transparency and best practices in the financial markets industry: DMX Markets ensures that the clients can see through their administrative procedures, ensuring trust, commitment, and reliability. The company offers the best practices.
Other Things to Expect on DMX Markets
- There are No Hidden Charges or Surprises
All charges and fees are disclosed to you beforehand and there will be no hidden costs. Clients can definitely trust them because DMX Markets strongly believe in fair business trading and trust.
- A Safe & Secure Trading Platform.
The broker’s SSL certified platforms always make sure that all the information is safe which makes our platforms 100% safe and secure.
- Free Forex Trading Education
You can learn the most effective trading strategies with all the assistance and training that you’d need to become an expert.
4. Excellent Trading & Learning Support
The broker is interested in the success of clients and for this reason provides a dedicated support & service team to guide you whenever you need.
Multi-Platform Support
Another distinct feature of DMX Markets include the offering of trading platforms across devices.
For the basics, a trading platform is computer software that market participants can use to research, place, monitor, and edit trades with a broker or other financial intermediary.
There are many trading platforms to choose from, including desktop platforms, trading apps, web-based platforms, and third-party programs.
DMX Markets provides the following trading platforms for clients:
- Meta Trader(MT4)
- Mobile Trader.
- Webtrader.
Many people might not really understand how this really works. Some might misinterpret these terms for another which might be misleading. Well, let’s look into them and explain them one by one for a better understanding.
Meta Trader (MT4)
MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients.
Metatrader 4 is free for download from the website. On the first launch, you will be prompted to open a free demo account to enable you to test all features of the trading platform. This demo enables you to practice trading without investment. It helps broaden the trader’s mind to what trading really entails.
Mobile Trader
Mobile trading allows investors to access trading platforms from their telephones rather than being confined to traditional trading methods via computer which is more complex. Such technology allows easier access for smartphone users to actively manage their portfolios even when they are away from a desktop or laptop.
How Mobile Trading works
While mobile devices, such as Android phones and iPhones, have always allowed users to check the performance of the stock market, mobile trading apps provide access to online trading platforms, which can be utilized to execute trades instantly from anywhere.
Every major brokerage has an Android app or iPhone app or both, to allow their customers to trade directly from their mobile devices which is easier to access.
Mobile trading has allowed individuals to become traders and investors, not only from the comfort of their own homes but also from anywhere in the world with an Internet connection.
This means that people can trade from work or even on vacation in faraway lands. With mobile trading-only apps, such as Robinhood and its commission-free trading, mobile seems to be the most convenient and indeed cheapest way for most people to trade. DMX Markets provides this feature on a standby.
WebTrader
This form of trading is best for traders that trade directly from the internet, as it doesn’t require any form of installation or application download.
If you’re the kind of person who’s interested in trading the markets without putting a lot of effort and time into comprehensive market research, then WebTrader is the perfect platform for you! It doesn’t require any installation and it’s available on any computer on any browser, this is a very good trading platform too.
What Can I Trade on DMX Markets?
- Forex.
- Indices.
- Commodities.
- Stocks.
FOREX
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency.
On DMX Markets you can trade the most popular currency pairs, including:
- NZD/USD
- AUD/USD
- USD/CAD
- USD/CHF
- USD/JPY
INDICES
An index is an indicator or measure of something, and in finance, it typically refers to a statistical measure of the change in a securities market. In the case of financial markets, stock, and bond market indices consist of a hypothetical portfolio of securities representing a particular market or a segment of it.
There are different types of indices which are as follows:
- S&P 500
- Nikkei 225
- CAC 40
- EURO STOXX 50
- ASX 200
- Hang Seng
- FTSE 100
- DAX 30
COMMODITIES
A commodity market trades in goods such as coffee, cocoa, and mined products such as gold and oil.
We have 4 basic types of commodities which will be explained below:
Agriculture:
Corn, soybeans, wheat, rice, cocoa, coffee, cotton, and sugar are few examples of Agricultural commodities. on DMX Markets, you can trade CFDs based on these commodities.
Energy:
In the aspect of the Energy commodity, some examples include crude oil, heating oil, natural gas, and gasoline.
That aim to replace crude oil as a primary source of energy, can all have a huge impact on the market prices for commodities in the energy sector.
Livestock and Meat:
Agricultural commodities include lean hogs, pork bellies, live cattle, and feeder cattle.
Metals:
Metals commodities include gold, silver, platinum, and copper.
STOCKS
A stock market, equity market or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange, as well as stock that is only traded privately, such as shares of private companies which are sold to investors through equity crowdfunding platforms.
Investment in the stock market is most often done via stock brokerages and electronic trading platforms such as DMX Markets. Investment is usually made with a strategy in mind (either short or long term).
Using DMX you can trade stocks for the most popular companies in different sectors, including
- Cyclical Stock.
- Non-Cyclical Stock.
Cyclical Stock
A cyclical stock is the kind of stock that reacts in conjunction with an economic condition. This means, when economic conditions are favorable, these companies tend to perform well.
Non-Cyclical Stock
Unlike Cyclical stock, non-cyclical stocks have a good performance during the period of adverse economic circumstances.
Here’s an example of the different stock market sectors:
Energy – Shell
Materials – Valvoline
Industrials – Caterpillar
Consumer discretionary – Amazon
Consumer staples – Coca-Cola
Health care – Pfizer
Financials – Goldman Sachs
Information technology Salesforce
Telecommunication services – Verizon.
Utilities – NextEra
Real estate – Examples are like a Real estate Group or company.
Is DMX Markets Stable?
DMX is a stable, secure, and trustworthy financial services provider.
The wide range of services provided by DMX Markets has enabled the broker to build a market-leading position providing active traders with global access to investment opportunities anywhere, anytime.
The powerful and award-winning MT4 platforms (software, web trader and mobile) offered by this broker perfectly meets the expectations of everyone to help them become better traders.
Not only does the broker provide clients access to hundreds of different currency pairs, indices, commodities and shares, but also offers some of the tightest spreads in the industry.
Clients enjoy leverage as high as 1:400 as well as mini-lots and micro-lots, offering a fair deal to traders with lower budgets. The deal-execution systems are fully automated; there is no human intervention which results in fairer execution of client’s trades.
Traditional Risks involved with Trading
While DMX Markets offers an intuitive and easy to use platform for traders, you still would have to protect yourself from traditional risks involved with Trading.
These include :
- Leverage Risks
In Forex trading, leverage requires a small initial investment, called a margin, to gain access to substantial trades in foreign currencies. Small price fluctuations can result in margin calls where the investor is required to pay an additional margin.
During volatile market conditions, aggressive use of leverage will result in substantial losses in excess of initial investments.
As noted earlier, DMX Markets offers leverage up to a 1:400 ratio.
- Interest Rate Risks
In basic macroeconomics courses you learn that interest rates have an effect on countries’ exchange rates. If a country’s interest rates rise, its currency will strengthen due to an influx of investments in that country’s assets putatively because a stronger currency provides higher returns.
Conversely, if interest rates fall, its currency will weaken as investors begin to withdraw their investments. Due to the nature of the interest rate and its circuitous effect on exchange rates, the differential between currency values can cause prices to dramatically change.
- Transaction Risks
Transaction risks are an exchange rate risk associated with time differences between the beginning of a contract and when it settles. Forex trading occurs on a 24-hour basis which can result in exchange rates changing before trades have settled.
Consequently, currencies may be traded at different prices at different times during trading hours. The greater the time differential between entering and settling a contract increases the transaction risk. Any time differences allow exchange risks to fluctuate, individuals and corporations dealing in currencies face increased, and perhaps onerous, transaction costs.
In Conclusion
The vision of DMX Markets is to provide 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. It is a recommended broker.
If you’re looking forward to becoming a trader with DMX Markets, then you have not made a wrong choice as it’s probably on the list of best brokers in the market right now.