DubaiFXM Review 2019 | Is DubaiFXM a Scam or Legit Forex Broker?

Read our DubaiFXM review to find out if DubaiFXM is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

2.8/ 5

Rating breakdown

Protection & Regulations
40% Complete (danger)
2.0/5
Trading platforms
20% Complete (danger)
1.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
DubaiFXM
DubaiFXM Overview

Dubai FXM began operations in 2012 as an online forex and CFD broker. Today, it has grown to become a global broker with clients from all over the globe. It offers multiple tradable assets on cutting edge platforms like Sirix and MT4.

# Broker's Features DUBAIFXM Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review DubaiFXM.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. DubaiFXM offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Crypto, Futures.

Tradable Products: Dubai FXM offers 60 currencies pairs, about 318 stock CFDs, 25 indices and 30 commodities.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. DubaiFXM is ECN.

Features: Dubai FXM provides trading signals, social trading and analysis by Trading Central to its clients.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. DubaiFXM recommended minimum capital is $200.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. DubaiFXM is regulated by VFSC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: Dubai FXM’s international brand is regulated by the VFSC in the Republic of Vanuatu. Clients are protected using modern security technologies, regulation and segregation of funds.

Languages Available: Next lets have a look at each broker's different Language options. DubaiFXM offers English, Italian, Spanish.

Payment methods: Next lets have a look at each broker's payment options. DubaiFXM offers Credit Card, Wire Transfer different payment methods for each account types.

Deposit and withdrawal: Online payment methods accepted are Skrill, Neteller, Astropa, etc. Credit and debit cards accepted must be issued by VISA, Maestro or MasterCard. Bank transfers and Cryptocurrencies are also acceptable payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, DubaiFXM makes Sirix available to clients.

Web & Desktop Trading Platforms: The Dubai FXM Sirix platform and the MT4 are the trading platforms available to clients of this broker. Sirix is available as WebTrader while the MT4 is available as downloadable desktop application for Windows PC. The Dubai FXM app is the mobile app available to clients.
Mobile Trading Platforms: The app is available for the iPhone and Android devices. It is robust, simple and incorporates both the Sirix and the MT4 trading accounts.

Other

Trader Education
Dubai FXM has a lot of training videos aimed primarily at beginner and intermediate-level traders.

Promotions
Every client is offered at least 5 risk free trades. Up to 100% bonus can be received as deposit bonus. These are the bonuses offered on Dubai FXM.

Support
The customer support team is available 24/7. They can be reached via phone, email, chat and social media.

Recup
Dubai FXM is a relatively new brokerage which is focused on providing a diversified asset base for its clients.

Final Thoughts
When compared to top brokers, Dubai FXM’s spreads are high. The minimum deposit of $200 is comparable to what is obtainable elsewhere. Regulation is deemed to be weak in many circles, as the VFSC regulation is not at par with that of FCA, CySEC or ASIC.

Trading Experience
Dubai FXM is best for both beginner and intermediate traders. They provide a demo account and training videos for beginners and some good features for intermediates.

People Also Asked

Is DubaiFXM regulated?
Yes, DubaiFXM is regulated by top-tier regulators, VFSC inclusive.
Where is DubaiFXM based?
DubaiFXM is based in Dubai
How does DubaiFXM make money?
DubaiFXM charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in DubaiFXM account?
With DubaiFXM you can deposit money via the following means; Cash-U, Credit Card, Cryptocurrencies, Moneybookers, Neteller.
How do I withdrawal in DubaiFXM account?
DubaiFXM lets you request a withdrawal of funds from your account via the following means; Credit Card, Wire Transfer.
What is the minimum deposit for DubaiFXM?
DubaiFXM has $200 minimum deposit.
What are the available account base currencies with DubaiFXM?
DubaiFXM trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in DubaiFXM?
DubaiFXM has a maximum leverage is 1:500 for professional traders.
How do I open an account with DubaiFXM?
Opening an account with DubaiFXM is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does DubaiFXM use MetaTrader?
DubaiFXM platforms: No, DubaiFXM do not use MetaTrader but it uses the following platforms: Sirix
What type of broker is DubaiFXM?
DubaiFXM appears to be a ECN broker which offers market access to a variety of traders.
Does DubaiFXM accept US clients?
No
Does DubaiFXM offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with DubaiFXM: You can trade a wide variety of instruments with DubaiFXM: Currencies, Commodities, Indices, Stocks, Crypto, Futures