DubaiFXM Review 2019

Regulated By:VFSC

Foundation Year:2012

Headquarters:DAFZ, 3rd East Wing Building, Dubai

Min Deposit:$200

Open Account

Your capital might be at risk

Your capital might be at risk
  • Social trading is integrated with the platform where clients can search for experts and copy their trades.
  • MT4

    This is a powerful trading platform used by most forex traders. It has several tools that are valuable to the trader. Dubai FXM’s MT4 can be downloaded on windows and MAC computers.

    The following are some features of the MT4 platform:

    • Order management including ‘one click trading’, 4 pending order types, stop loss and take profit. 
  • The platform gives direct access to the MetaTrader market where traders can buy other tools that can enhance their trading experience.
  • Technical analysis using 3 charts on up to 9 timeframes, 30 inbuilt technical indicators and 24 analytical tools. 
  • The platform supports installation of additional indicators and other platform tools including Expert Advisors (EAs) that automates trading activities.
  • All instrument quotes can be viewed on the market watch in real time. 
  • Mobile Trading Platforms

    The Dubai FXM app is the mobile app available to clients. The app is available for the iPhone and Android devices. It is robust, simple and incorporates both the Sirix and the MT4 trading accounts.

    Dubia FXTM Forex trading app:

    This app is developed for both iOS and android devices. It can trade the MT4 and the Sirix WebTrader accounts. So, every trader can use this app irrespective of his account type. The app is available on iOS and android and can be downloaded from their respective app stores.

    Here are some of its features:

    • The app integrates with the client portal and can be used to deposit funds into the trader’s account.
    • It can switch between manual and social trading with a single tap of a button.
    • It displays charts on 8 timeframes from 1 minute to 1 week.
  • The app has features to place, modify or close a trade. It also has up to 4 pending orders and risk management features like stop loss and take profit.
  • A trader can easily find an expert in order to watch or copy his trades right from the app.  
  • Trading Features

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

    Trading Signals:

    Daily signals, weekly and monthly signals are provided in the clients’ area of the Dubai FXM website. Clients can trade directly from the signals.

    Social Trading:

    This is in-built in the Dubai FXM Sirix trading platform. The strategy providers are ranked by success rate. You can view a list of providers in the trader stream. You can also view the profiles, history, number of copiers and other information before choosing to copy the trades of the provider.

    Trading Central:

    Technical analysis is provided only to clients with a balance of $1,000. Trading central is a financial research firm that provides in-depth analysis and trading tools to their clients.

    Commissions & Spreads

    Dubai FXM broker offers both fixed and variable spreads on forex and CFD assets.

    The table below shows the asset symbols and their spreads:

    Instrument Spread Instrument Spread
    CURRENCY PAIRS EQUITIES
    CHFJPY Fixed: 7 ACCOR Variable: 20
    BTCUSD Fixed: 2000 ACH Variable: 20
    AUDCAD Fixed: 7 ACKERMANS Variable: 20
    AUDCHF Fixed: 7 ADBE Variable: 20
    AUDJPY Fixed: 6 ADIDAS Variable: 20
    AUDNZD Fixed: 7 AFARAK-FIN Variable: 20
    AUDUSD Fixed: 3 AGEAS Variable: 20
    CADCHF     Fixed: 7 AGL-JSE Variable: 20
    CADJPY     Fixed: 6 AGRIC Variable: 20
    EURAUD Fixed: 7 AIG Variable: 20
    EURCAD Fixed: 7 AIR Variable: 20
    EURCHF Fixed: 7 ALCOA Variable: 20
    EURCZK Fixed: 50 ALIBABA Variable: 20
    EURDKK Fixed: 7 AIRBUS Variable: 20
    EURGBP Fixed: 3 ALLI Variable: 20
    EURHUF Fixed: 50 ALSTOM Variable: 20
    EURILS Fixed: 50 ALTGR Variable: 20
    EURJPY Fixed: 3 ALU Variable: 20
    EURNOK Fixed: 50 AMAZON Variable: 20
    EURNZD Fixed: 7 AMDOCS Variable: 20
    EURPLN Fixed: 50 AMEX Variable: 20
    EURRUB Fixed: 50 AMGEN Variable: 20
    EURSEK Fixed: 50 ANGGOLD Variable: 20
    EURTRY Fixed: 100 ANGLOPLAT Variable: 20
    EURUSD Fixed: 3 ANOKY Variable: 20
    EURZAR Fixed: 50 APPLE Variable: 20
    GBPAUD Fixed: 7 ARIA Variable: 20
    GBPCAD Fixed: 7 ARLMIT Variable: 20
    GBPCHF Fixed: 7 ARLP Variable: 20
    GBPJPY Fixed: 6 ARM Variable: 20
    GBPNZD Fixed: 7 ASPEN Variable: 20
    GBPUSD Fixed: 3 ATHENS Variable: 20
    GBPZAR Fixed: 50 ATNT Variable: 20
    NZDCAD Fixed: 7 AUDI Variable: 20
    NZDCHF Fixed: 7 AXA Variable: 20
    NZDJPY Fixed: 7 B-AFRICA Variable: 20
    NZDUSD Fixed: 3 BAIDU Variable: 20
    USDBRL Fixed: 7 BARC Variable: 20
    USDCAD Fixed: 3 BAYER Variable: 20
    USDCHF Fixed: 10 BBRY Variable: 20
    USDCNH Fixed: 50 BBVA Variable: 20
    USDCZK Fixed: 50 BELGACOM Variable: 20
    USDDKK Fixed: 50 BERKB Variable: 20
    USDHKD Fixed: 50 BHEL-NSE Variable: 20
    USDHUF Fixed: 50 BIDVEST Variable: 20
    USDIDR Fixed: 50 BIIB Variable: 20
    USDILS Fixed: 50 BIL-JSE Variable: 20
    USDINR Fixed: 50 BIOTIE-FIN Variable: 20
    USDJPY Fixed: 3 BME Variable: 20
    USDKRW Fixed: 50 BMW Variable: 20
    USDMXN Fixed: 50 BNPEU Variable: 20
    USDNOK Fixed: 50 BOA Variable: 20
    USDPLN Fixed: 50 BOEING Variable: 20
    USDRON Fixed: 50 BOSS Variable: 20
    USDRUB Fixed: 50 BPLON Variable: 20
    USDSEK Fixed: 50 BPOMIL Variable: 20
    USDSGD Fixed: 50 BRCM Variable: 20
    USDTHB Fixed: 50 BSANMD Variable: 20
    USDTRY Fixed: 50 BTI-JSE Variable: 20
    USDZAR Fixed: 50 BUZZI Variable: 20
    INDICES BYGUES Variable: 20
    CA Variable: 20
    TSX-JUN17 Fixed: 100 CAPITEC Variable: 20
    USNDX-JUN17 Fixed: 50 CARREF Variable: 20
    FTSE-JUN17 Fixed: 600 CATER Variable: 20
    BRSP-JUN17 Fixed: 3000 CHARTER Variable: 20
    MCAP-JUN17 Variable: 100 CHECKP Variable: 20
    HANG-JUN17 Variable: 0 CHEVRON Variable: 20
    DJXX50-JUN17 Fixed: 500 CHMO Variable: 20
    DOW-JUN17 Fixed: 3500 CISCO Variable: 20
    JSE-JUN17 Variable: 300 CITI Variable: 20
    MDAX-JUN17 Variable: 30 CITRIX Variable: 20
    NK-JUN17 Fixed: 2500 CMG Variable: 20
    NK-SEP17 Fixed: 2500 CMGE Variable: 20
    DAX-JUN17 Fixed: 500 CML Variable: 20
    ASX-JUN17 Fixed: 300 COKE Variable: 20
    CNXNIFTY-JUL16 Fixed: 200 CREG Variable: 20
    CAC-JUN17 Variable: 0 CSIQ Variable: 20
    IBEX-JUN17 Fixed: 1000 DAIM Variable: 20
    RTS-JUN17 Variable: 100 DANONE Variable: 20
    RUSS-JUN17 Variable: 50 DELL Variable: 20
    NSDQ-JUN17 Fixed: 200 DELTA Variable: 20
    TOPIX-JUN17 Fixed: 200 DGAS Variable: 20
    TOPIX-SEP17 Fixed: 200 COMMBK Variable: 20
    SP-JUN17 Fixed: 200 DBFRA Variable: 20
    SPMIB-JUN17 Fixed: 2000 DIETEREN Variable: 20
    XINHUA50-JUN17 Fixed: 1000 DISCO Variable: 20
    COMMODITIES DISCOVERY Variable: 20
    XAUUSD Fixed: 50 DISH Variable: 20
    RICE-JUL17 Fixed: 10 DISNEY Variable: 20
    PALLAD-JUN17 Fixed: 300 DISTELL Variable: 20
    NICKEL Fixed: 50 DTELE Variable: 20
    LCATT-JUN17 Fixed: 500 DUPONT Variable: 20
    LEAD Fixed: 400 DUST Variable: 20
    NGAS-JUL17 Fixed: 6 EBAY Variable: 20
    NGAS-JUN17 Fixed: 6 EDF Variable: 20
    ALUMINUM Fixed: 400 ELBIT Variable: 20
    BRENT-AUG17 Fixed: 6 ENAGAS Variable: 20
    BRENT-JUL17 Fixed: 6 ENI Variable: 20
    BRENT-JUN17 Fixed: 6 EOAN Variable: 20
    CL-JUL17 Fixed: 6 EQUINIX Variable: 20
    CL-JUN17 Fixed: 6 ESSILOR Variable: 20
    COCOA-JUL17 Fixed: 700 ETSY Variable: 20
    COFFEE-JUL17 Fixed: 50 DLF-NSE Variable: 20
    COPPER Fixed: 500 CAP Variable: 20
    COPP-JUN17 Fixed: 2 DD Variable: 20
    CORN-JUL17 Fixed: 80 DELHAIZE Variable: 20
    COTT2-JUL17 Fixed: 15 EWI Variable: 0
    FCATT-AUG17 Fixed: 500 EWZ Variable: 20
    HOIL-JUL17 Fixed: 10 EXPE Variable: 20
    HOIL-JUN17 Fixed: 10 EXXARO Variable: 20
    ZINC Fixed: 2 EXXM Variable: 20
    WHEAT-JUL17 Fixed: 25 FACEBOOK Variable: 20
    WHEAT-MAR17 Fixed: 25 FAS Variable: 20
    SUG11- JUL17 Fixed: 3 FDX Variable: 20
    SUG11-JUL17 Fixed: 3 FERRARI Variable: 20
    TIN Fixed: 30 FFIV Variable: 20
    SBEAN-JUL17 Fixed: 2 FIAT Variable: 20
    FIRSTLAND Variable: 20
    FRTELE Variable: 20
    FSOLAR Variable: 20
    GAIL-NSE Variable: 20
    GAS Variable: 20
    GAZPROM Variable: 20
    GD Variable: 20
    GDDY Variable: 20
    GE Variable: 20
    GEMALTO Variable: 20
    GENE Variable: 20
    GEOENVIRON Variable: 20
    GFIELDS Variable: 20
    GILD Variable: 20
    GLENCORE Variable: 20
    GM Variable: 20
    GOOGLE Variable: 20
    GPRO Variable: 20
    GROUPON Variable: 20
    GROWPNT Variable: 20
    GS Variable: 20
    GSI Variable: 20
    GSZ Variable: 20
    HACK Variable: 0
    HDEP Variable: 20
    YABANG Variable: 20
    YAHOO Variable: 20
    YANDEX Variable: 20
    YASHENG Variable: 20
    ZAINKSA Variable: 20
    TUMI Variable: 20
    TVIX Variable: 20
    TWITTER Variable: 20
    UBS Variable: 20
    UCO Variable: 20
    UGAZ Variable: 20
    USO Variable: 20
    USSTEEL Variable: 20
    UTX Variable: 20
    VALLOUREX Variable: 20
    VEOLIA Variable: 20
    VERIFONE Variable: 20
    VERIZON Variable: 20
    VERTEX Variable: 20
    IBM Variable: 20
    ICICI-NSE Variable: 20
    IDEA-NSE Variable: 20
    IMPERIAL Variable: 20
    IMPLATS Variable: 20
    INFTECH Variable: 20
    INTEL Variable: 20
    INTESA Variable: 20
    INTEX Variable: 20
    INVLTD Variable: 20
    INVPLC Variable: 20
    IOB Variable: 20
    IXONOS-FIN Variable: 20
    JDST Variable: 20
    JNJ Variable: 20
    JNUG Variable: 20
    JPM Variable: 20
    JSAINSBURY Variable: 20
    JUNIPER Variable: 20
    K+S Variable: 20
    KB Variable: 20
    KBC Variable: 20
    KEPCO Variable: 20
    KING Variable: 20
    KITE Variable: 20
    KLA Variable: 20
    KMDA Variable: 20
    KRAFT Variable: 20
    KUMBAIO Variable: 20
    LAFARGE Variable: 20
    LARSEN-NSE Variable: 20
    LEGRAND Variable: 20
    LG Variable: 20
    LIUGONG Variable: 20
    LLOY Variable: 20
    LMT Variable: 20
    LOREAL Variable: 20
    LUKOIL Variable: 20
    HONEY Variable: 20
    HPACK Variable: 20
    HDFC-NSE Variable: 20
    HOG Variable: 20
    HSBCL Variable: 20
    IBER Variable: 20
    LVMH Variable: 20
    LVS Variable: 20
    MANCHESTER Variable: 20
    MARRIOTT Variable: 20
    MARVELL Variable: 20
    MASSMART Variable: 20
    MAT Variable: 20
    MAXIM Variable: 20
    MBLY Variable: 20
    MCARD Variable: 20
    MCDON Variable: 20
    MCHLIN Variable: 20
    MECHEL Variable: 20
    MEDIASET Variable: 20
    MERCKUS Variable: 20
    METRO Variable: 20
    MGM Variable: 20
    MKS Variable: 20
    MMM Variable: 20
    MNK Variable: 20
    MONDILTDP Variable: 20
    MONDIPLCP Variable: 20
    MONSANTO Variable: 20
    MORSTAN Variable: 20
    MPEL Variable: 20
    MRPRICE Variable: 20
    MSCIS-JUN17 Variable: 100
    MSCIT-JUN17 Variable: 100
    MSFT Variable: 20
    MSTR Variable: 20
    MTN-JSE Variable: 20
    MYLAN Variable: 20
    NAMPAK Variable: 20
    NASPERSN Variable: 20
    NEPI Variable: 20
    NETCARE Variable: 20
    NETFLIX Variable: 20
    NINTENDO Variable: 20
    NICE Variable: 20
    NICOX Variable: 20
    NIKE Variable: 20
    NOBLE Variable: 20
    NOKIA Variable: 20
    NOKIA-FIN Variable: 20
    NOKIAN-FIN Variable: 20
    PAYCHEX Variable: 20
    PAYPAL Variable: 20
    PCLN Variable: 20
    PEPSI Variable: 20
    PERNOD Variable: 20
    PETCH Variable: 20
    PETRO Variable: 20
    PEUGEOT Variable: 20
    PFIZER Variable: 20
    PG Variable: 20
    PICKNPAY Variable: 20
    PLAT-JUL17 Fixed: 200
    POSCO Variable: 20
    POT Variable: 20
    PPR Variable: 20
    PRGO Variable: 20
    PROTH Variable: 20
    PSBC Variable: 20
    PSG Variable: 20
    PSTI Variable: 20
    PUB Variable: 20
    RBOB-JUL17 Fixed: 100
    RBOB-JUN17 Fixed: 100
    RDS Variable: 20
    REE Variable: 20
    REGENERON Variable: 20
    REMGRO Variable: 20
    RENAULT Variable: 20
    REPSOL Variable: 20
    RMBH Variable: 20
    ROSNEFT Variable: 20
    RSA Variable: 20
    RTN Variable: 20
    SAB-JSE Variable: 20
    SAB-LON Variable: 20
    NUGT Variable: 20
    OLDMUTUAL Variable: 20
    ORACLE Variable: 20
    ORANGEFR Variable: 20
    VIMPEL Variable: 20
    VINCI Variable: 20
    VISA Variable: 20
    VIVF Variable: 20
    VIVI Variable: 20
    VIX-JUN17 Fixed: 30
    VOD Variable: 20
    VODACOM Variable: 20
    VOWGEN Variable: 20
    VRNS Variable: 20
    VRV Variable: 20
    ZYNGA Variable: 20
    WARNER Variable: 20
    WDC Variable: 20
    WFARGO Variable: 20
    WHYY Variable: 20
    WMART Variable: 20
    WOOLIES Variable: 20
    UMICOR Variable: 20
    UNH Variable: 20
    UNIBL Variable: 20
    UNISPA Variable: 20
    TOTAL Variable: 20
    TOWER Variable: 20
    TOYOTA Variable: 20
    TQCC Variable: 20
    TRUWTHS Variable: 20
    TSLA Variable: 20
    TSOGO-SUN Variable: 20

    Bonus & 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.

    Risk Free Investment:

    For every new account, the first 5 trades are risk free. If you lose, Dubai FXM refunds your money but if you win, you keep your winnings.

    First time depositors receive an eBook as well as a deposit bonus, split as follows:

    • $500 deposit is rewarded with 50% bonus.
    • $1,000 deposit is rewarded with 70% bonus.
    • $5,000 deposit is rewarded with 100% bonus.

    Customer Support

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

    Dubai FXM support team speaks over 10 languages. The support channels are as follows:  

    • ‘Send Message’: This is a form on the website which is used to reach support.
    • Email: cs@dubaifxm.com
    • Phone:  +44 2036080097.
    • Chat: This is available on Skype; the Skype id is live:dubaifxm. WhatsApp: +44 7405002421
    • Social Media:  The available channels are:
      • Twitter.com/dubaifxm
      • facebook.com/dubaifxm
      • Instagram.com/dubaifxm
      • YouTube.com/Dubai FXM
      • Linkedin.com/dubai-fxm
      • pinterest.com/dubaifxm

    The support team are knowledgeable, fast and responsive. It only took a few seconds to get a response when we initiated a chat with the support representatives.

    Research

    The economic calendar, US stock analysis and analytics platform are provided in the clients’ area of the website. These are the Dubai FXM research tools.

    Economic Calendar:

    This is provided on the website. The calendar shows the time and date for the economic news releases that will impact the markets. Traders can place their trades right from within the calendar.

    US stock analysis:

    This is available in the clients’ area. It is based on Analysts’ consensus and it features very many stocks.

    Analytics Platform:

    This section of the website shows the charts and analysis of a stock. It uses insider transactions and analysts’ ratings to give the traders some trading ideas.

    Trader Education

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

    The Dubai FXM trading academy is accessible from the client portal. It consists of the following:

    • 7 videos on cryptocurrencies.
    • Forex VOD: This is made up of 7 videos for forex beginners, 9 videos for advanced traders, 4 videos on trading terms and 4 video lessons on MetaTrader.
    • Forex beginner course consisting of 5 videos.
    • 6 videos on trading tools.
    • A video on ‘Commodities and futures contracts’ and another one on ‘CFDs and Stocks’.
    • 10 videos on trading strategies and 5 other videos on economics.
    • 6 videos on social trading and 4 videos on ECN.
    • 5 videos on MetaTrader and 6 videos on MetaTrader mobile.
    • 6 videos on forex, CFDs, cryptos and commodities.

    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.

    Dubai FXM is a broker that operates from Dubai and its other offices. For a beginner trader, the demo account and training videos are sufficient to give a good introduction to the world of trading. When ready for live trading, the discovery account is a good start.

    For the intermediate-level trader, there is a reasonable amount of trade assistance via signals, market analysis and social trading. The MT4 platform is also provided for complex strategies, trading systems or EAs. Dubai FXM is a broker whose resources for learning and market research will be beneficial for both beginners and experienced traders.

    FAQ

    Here are some of the “Frequently Asked Questions” about Dubai FXM:

    Where is Dubai FXM brokers based? 

    Dubai FXM brokerage is based in Dubai, UAE and has offices in London, Hong Kong, Cyprus, Philippines and India.

    How does Dubai FXM make money? 

    Dubai FXM makes money from spread charges and from commissions on trades.

    How do I deposit in Dubai FXM broker account?

    You can deposit money through Bank Transfers, Credit Cards like Visa, Maestro and Master card.

    Online payments:  Skrill, Neteller, Paysafe, Paysec, Astropay, Western Union, SafetyPay and Payvalida.

    Cryptos: BTC, LTC, ETH, BCH, DASH and XRP

    What is the min. deposit for Dubai FXM broker? 

    The minimum deposit is $200.

    What is the maximum leverage in Dubai FXM? 

    The maximum leverage is 1:500.

    How do I open an account with Dubai FXM? 

    Click on the ‘Open real account’ button found at the top right hand of the website and fill the forms.

    Does Dubai FXM use MetaTrader? 

    Yes, the MT4 is available.

    Conclusion

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

    Hundreds of assets are tradable on its platforms, pooled from different asset classes. The broker provides training resources as well as analysis and research, specifically built for beginners. Intermediate-level traders will get some benefit, although there are better resources for such traders out there.

    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.

    Here are some of the key things to know about trading with Dubai FXM:

    • The broker provides clients with modern platforms and a mobile app.
    • Comprehensive trader education is available for newbies.
    • Technical Analysis from “Trading Central” is available.
    • Deposit bonus is given to clients on every deposit.
    • Multilingual customer support desk that is available 24/7.
    Your capital might be at risk

    Top User Reviews

    3.5(5)
    DubaiFXM Overall Rating
    FX Empire adheres to strict standards of user reviews editorial guidelines to help you make decisions with confidence.
    Rate DubaiFXM
    Latest 5 user reviews sorted by highest rating
    S
    Samuel McLean
    5/5
    Reliability:
    5/5
    deposit bonuses

    Being a Silver account holder, they offered me a 70% deposit bonus. That bonus is really a great incentive as it enabled me to make larger trades with my limited investment capital.

    Ugo Montanaro
    4/5
    Reliability:
    4/5
    Platforms:
    4.0
    Assets:
    4.0
    Support:
    4.0
    Good. But as long as you are their customer

    Generally speaking, tha DubaiFXM is a good Broker. Reliable and relatively fast broker. They offer support, training, and various info and analisys. Not so in-deep, but good enough to take your own decision. Their trading platform (Sirix) is not so complete and quick as the MetaTrader 4, but enough to perform your activities. Morevover, it's possible to ask for a MT4 platform (I didn't use it, but they declare to offer it). The phone support is good. But the moment you decide to go out you will become a complete stranger for them. Obvioulsly it's understandable, but very very unpleasant. Keep always this in mind when you deal with them.

    Davide Isidoro Pitasi
    what about trade commissions?
    J
    Jordan Hale
    4/5
    Reliability:
    4/5
    They offer up to 10 risk free trades

    Your first 10 trades are insured with their risk free promotion. But what I love about the risk free trades promotion is the fact that they let you keep the profits earned.

    M
    Max Griffin
    4/5
    Reliability:
    4/5
    $200 to open a live trading account with this broker

    They made it so affordable to open a live account. I only needed to deposit $200 to start trading live.

    Antonella Cabas
    1/5
    Reliability:
    1/5
    Platforms:
    1.0
    Assets:
    1.0
    Assolutamente no

    Ciao mi hanno seguita x un po' ma mai dato la possibilità di prelevare alla fine ho perso tutto oddio ero io che ero incompetente non lo nego però se prestassero un minimo di attenzione anche x gli imbranati....

    Davide Isidoro Pitasi
    se sei incompetente non è colpa loro: prima di iniziare a fare trading bisogna studiare...
    Davide Isidoro Pitasi
    se tu eri incompetente non è colpa loro, anzi è già tanto che non hai bruciato il conto: bisogna studiare prima di fare trading...
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