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The second largest retail foreign exchange broker by volume, DMM FX has decided to close its operations in Australia. The company has been active on the Australian market for less than three years after launching in October 2013.
After some questionable decisions last year, when the company has briefly suspended taking orders from its clients around news events, DMM FX Australia is now officially suspending its operations in July 2016.
In a note to its clients, the brokerage announced that it has taken the business decision to cease its operations and its customers are requested to close all ... (read more)