DMM FX ceases FX operation
DMM FX Australia Pty Ltd (DMM FX) has issued an announcement to advise that the firm has made a business decision to cease its current operations in Australia.
According to DMM FX’s announcement, 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 by us in accordance with the available prices between 03:00 a.m. and the market close on 30 July 2016.
The firm 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 us on our 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.
Source: DMM FX