ANSWER DMM FX is not a licensed or regulated broker even though it states offers that look good to be true. DMM FX claims to be a registered broker in St. Vincent and the Grenadines. However, we didn't find any result matching this broker from the register of Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). Besides, SVG FSA does neither issue any licenses for forex trading or brokerage nor regulate or license international companies engaging in such activities.The truth is, DMM FX is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like DMM FX and trade with licensed brokers.
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