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|
|#||Accepts US traders||❌|
|#||24 hour trading||❌|
|#||Trading by phone||❌|
|#||1st deposit bonus||❌|
|#||Forex contests competitions||✔|
|#||Interest charges on the balance||❌|
|#||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, Cryptocurrency, 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/Debit Cards, Bank 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.
Dubai FXM has a lot of training videos aimed primarily at beginner and intermediate-level traders.
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.
The customer support team is available 24/7. They can be reached via phone, email, chat and social media.
Dubai FXM is a relatively new brokerage which is focused on providing a diversified asset base for its clients.
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.
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.