DMM FX Australia Pty Ltd (DMM FX) today informed clients that the company has made a business decision to cease its current operations in Australia.
DMM FX is part of The DMM Group, a global provider of online trading services, known as one of largest FX providers based and regulated out of Japan.
Clients are requested to close all open positions by 03:00 am Saturday, 30 July 2016 Australian Eastern Standard Time. Any remaining open positions as at that time will be closed in accordance with the available prices between 03:00 a.m. and the market close on 30 July 2016.
DMM FX Australia will cease to process client deposits from Monday 1 August 2016. Clients are advised to withdraw all funds in their trading account by Friday, 19 August 2016. Any pending withdrawals by this time will be done by DMM FX on clients’ behalf where possible.
Once this is done, all client accounts will be closed and termination of the agreement on the DMM FX Account Terms will be effective.
The company stated: “We would like to take the opportunity to thank you for trading with us. We sincerely apologise for any inconvenience caused. Please feel free to contact us if you have any questions.”
To see the official notice click here.