DME Account Type

DME (Dubai Mercantile Exchange) offers a trading platform that provides access to various financial instruments, including forex, contracts for difference (CFD), commodities, and indices. However, it is important to note that DME does not offer separate accounts for trading, which limits the options available to traders. The accounts are generally categorized as either cash accounts or margin accounts, but specific details on account types are not extensively defined within the provided information.

DME Broker Account Opening Process

To open a DME account, follow these steps:

• Online Registration:
• Complete the online registration form available on the DME website.
• If you already have a DME account, you will receive your username and password via email within one hour after submitting your request (applicable for requests received Monday to Friday between 8:30 AM and 5 PM Eastern Time).
• New Account Registration:
• If you do not have a DME account, complete the same online registration form.
• Similar to existing account holders, you will receive your login credentials via email after your request is processed.
• Credit Application:
• If you wish to open an account with credit facilities, download the DME credit application form (available in PDF and MS Word formats).
• Complete the form and submit it via fax (to 888-808-4636) or email to the DME credit department.
• Tax Exemption:
• If you are a tax-exempt customer, email your exemption certificate to DME. Note that you will be charged tax on any purchase until your certificate is on file.

This process allows traders to establish an account with DME, but potential clients should be aware of the lack of regulation and the associated risks of trading with DME.