DMM.com Securities

What DMM.com Securities does

DMM.com Securities Co., Ltd. is a Tokyo-based, privately held online brokerage established in December 2006 and regulated as a Type 1 and Type 2 Financial Instruments Business Operator and Commodity Futures Trading Business operator under the Financial Instruments and Exchange Act of Japan. The firm operates a digital-first, fully self-serve trading platform spanning over-the-counter FX margin trading, CFDs (stock index, individual stock, commodity, and crypto asset), Japanese and US equity trading, and an alternative investment product — racehorse fund participation (DMM バヌーシー). All customer acquisition, identity verification (via smartphone eKYC), and trading are conducted online, with no physical retail presence; five dedicated mobile applications (TOSSY, DMM FX, DMM CFD, DMM 株, DMM バヌーシー) serve individual product lines and were consolidated under the TOSSY ultra investment app in October 2025.

The firm's core technology stack includes smartphone eKYC for same-day account activation, dedicated iOS/Android trading apps, and web-based trading platforms, with customer support delivered via phone, LINE, email, and embedded AI chat widgets (karakuri.ai). The TOSSY platform represents a differentiated multi-asset integration not widely available from Japanese competitors. DMM.com Securities is part of the DMM.com Group, leveraging cross-promotion across the parent group's broader consumer ecosystem for customer acquisition.

Revenue is generated primarily through transaction-based mechanisms: bid-ask spreads on FX and CFD trading (with zero explicit commissions), per-trade commissions on Japanese and US stock trading (0.495% on US stocks post-August 2024, domestic margin trading commission-free since April 2025), margin interest income, and recurring membership fees plus insurance premiums for the racehorse fund product. The company serves three customer segments — individual retail investors (primary), active/professional traders, and corporate/institutional accounts — with FX trading volume ranked #1 globally for four consecutive years (2022–2025) per Finance Magnates research. As of March 2026, the company reported a capital adequacy ratio of 421.6%, well above regulatory minimums, with registered stated capital of ¥98 billion and capital surplus of ¥73.9 billion.

Name

DMM.com Securities

Legal name

株式会社DMM.com証券

Website

https://securities.dmm.com

Company type

Private

Founded year

2006

Operating status

Operating

Short description

DMM.com Securities is a Tokyo-based online brokerage offering retail trading in FX, CFDs, Japanese/US equities, and crypto asset derivatives, plus a racehorse fund product, delivered via a digital self-serve platform with the TOSSY unified mobile app.

Ownership category

akta.pro rank

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Forex (FX) Spread Revenue: Revenue generated from bid-ask spreads on forex currency pair trading. Spreads are provided on a near-fixed basis for major pairs. Account management and trading commissions are free.
2. CFD Spread Revenue: Revenue from bid-ask spreads on stock index CFD, commodity CFD, and securities CFD products. Trading commissions are free.
3. DMM株 Stock Trading Commissions: Transaction-based commissions for domestic and US stock trading. US stock trading commission is 0.495% of trade value (minimum $0, maximum $22). Domestic margin trading commission was fully eliminated from April 1, 2025.
4. DMMバヌーシー Horse Racing Fund Membership Fees: Monthly membership fees collected from fund participants. Insurance premiums collected monthly (reduced from 4% to 3.8% from 2023 year-end). Entry fees for racehorse ownership.
5. Margin Interest: Interest income from margin financing on domestic and US stock trading. Margin requirements are 30%+ of trading value with maximum 3.3x leverage for domestic and 2.0x for US stocks.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

DMM.com Securities is a Japanese online financial instruments business operator that offers over-the-counter FX (foreign exchange margin trading) via DMM FX, CFD trading across stock index, individual stock, commodity, and crypto-asset underlyings via DMM CFD, Japanese and U.S. equity brokerage via DMM株 (DMM Kabu), and anonymous-partnership racehorse ownership investment via DMM BANUSY. The TOSSY ultra-investment app unifies all derivative product lines into a single mobile interface, while customers open accounts and verify identity via smartphone eKYC in the same day without visiting a branch.

Differentiator

Problem solved

Functional benefit

Products and services

• TOSSY Ultra Investment App Unified mobile trading application that consolidates over-the-counter FX margin trading, securities CFDs, commodity CFDs, and crypto-asset CFDs into a single interface with one login, offered to Japanese individual retail investors; commission-free trading with same-day eKYC onboarding.
• DMM FX (Retail Forex Margin Trading) Over-the-counter foreign exchange margin trading service offering near-fixed spreads on major currency pairs, mini currency pairs (1,000 units), and large currency pairs (up to 200 lots), with free account management and free trading commissions; available to Japanese retail traders via web and the dedicated DMM FX mobile app.
• DMM CFD (CFD Trading) CFD trading service covering 22+ instruments including stock index CFDs (e.g., Nikkei 225), individual stock CFDs, commodity CFDs (e.g., crude oil, gold), and crypto-asset CFDs, with free trading commissions and bid-ask spread revenue; available to Japanese retail investors via web, DMM CFD mobile app, and DMMCFDスマホ.
• DMM株 (DMM Kabu) Stock Trading Japanese and U.S. equity brokerage service covering domestic listed stocks, US stocks, IPO subscriptions, and NISA tax-advantaged accounts; transaction-based commissions apply, with the dedicated DMM株 mobile app, DMM株 PRO+ PC client, and integrations such as stock public tender (TOB) sub-agent service and Morningstar's Stock Newspaper Web research.
• DMM BANUSY (Racehorse Ownership Fund) Anonymous-partnership racehorse ownership investment service in which members contribute monthly fees, insurance premiums (3.8% annually), and one-time entry fees to own shares of thoroughbred racehorses; offered to Japanese retail investors via fully web-based account opening and includes updates on each horse's race results and video.

Quantifiable outcome

• FX trading volume ranked #1 globally for 4 consecutive years (2022–2025)
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

One partnership is on record.

• DMM FinTech Co., Ltd. (株式会社DMM FinTech)coreOthers · 1 June 2022Under the opt-out mechanism per FSA Cabinet Office Ordinance Article 123-2 and 153-2 (effective June 2022), DMM.com Securities shares non-public information about listed company customers (as defined under FIEA Article 163) with affiliated company DMM FinTech. Information sharing covers unpublished information obtained and to be obtained, managed under strict security measures per applicable laws and internal regulations.

Scale indicators3 records

Recent moves12 records

Expansion highlights5 records

Broad incumbents

• IG Group: Global retail OTC derivatives broker offering FX, CFDs, and spread betting. Comparable on retail FX/CFD focus, spread-based revenue model, and electronic trading platform; broader global footprint and longer history than DMM.
• Plus500: Global retail CFD broker with commission-free spread-based model. Comparable on retail CFD/FX spread revenue economics, mobile-first digital onboarding, and self-serve platform approach — though Plus500 operates globally without Japan retail focus.
• Saxo Bank: Multi-asset broker offering FX, CFDs, stocks, and futures to retail and institutional clients. Comparable on multi-asset trading platform, retail wealth-management orientation, and cross-product platform model.
• Interactive Brokers: Global multi-asset electronic broker serving active retail and institutional clients with FX, CFDs, stocks, and derivatives. Comparable on electronic multi-asset trading, sophisticated tools, and global retail FX/CFD coverage; broader geographic reach than DMM.

Direct peers

• Monex Group: Japanese online brokerage group operating Monex Securities with FX, stocks, US equities, and crypto. Direct competitor in Japanese multi-asset retail brokerage with similar digital distribution and product breadth.
• SBI Securities (SBI証券): Japan's largest online broker offering FX, CFDs, domestic and US stocks, and a multi-product platform — directly competing with DMM across virtually every line. Comparable on retail self-serve digital brokerage, multi-asset coverage, and Japanese regulatory footprint.
• Matsui Securities (松井証券): Established Japanese online broker with FX (Matsui FX), stock trading, and mobile-first platform. Comparable on retail brokerage, Japanese market focus, and similar commission-free FX trading economics.
• Rakuten Securities (楽天証券): Major Japanese online broker providing FX, CFDs, domestic and international stocks via mobile-first platform with strong group ecosystem cross-sell. Direct competitor to DMM's TOSSY-style unified app approach and Japanese retail focus.
• GMO Financial Holdings (GMOクリック証券 parent): Parent of GMO CLICK Securities, one of Japan's largest FX/CFD brokers by volume. Direct competitor with similar FX-margin, CFD, and self-serve digital distribution model targeting Japanese retail traders.
• au Kabucom Securities (auカブコム証券): Japanese online broker offering FX, stocks, and mutual funds with mobile-first platform and KDDI group cross-sell. Comparable retail brokerage model with multi-asset offering and similar customer segments to DMM.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/dmm-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DMM.com Securities