DubaiFXM Review 2018

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DubaiFXMReview

DubaiFXM24 Review

DubaiFXM24 is a leading online forex and CFDs broker that is based in the South Pacific Ocean nation of Vanuatu. The broker’s registered office is located at Govant Building, 1276, Port Vila. The broker also maintains service offices in several financial centers such as Cyprus, Hong Kong, London, India, and the Philippines. DubaiFXM24 has more than a decade of operational history behind it. The broker is a non-dealing desk one, hence is able to ensure it does not face any conflict of interest regarding its dealing with its clients.

DubaiFXM24 Video Review

Regulations

The DubaiFXM24 brand name is owned by a Vanuatu based company called Dubai FXM Ltd. The holding company is registered with and regulated by the Vanuatu Financial Services under the license number 40133/17. DubaiFXM24 is also a member of the Financial Commission, an international impartial dispute resolution body for the online forex trading industry.

Reliability

With DubaiFXM24, online forex traders can be assured of the broker’s reliability. The broker is committed to providing its clients with a secured trading environment. Traders’ funds are kept in segregated accounts at reputable banks to ensure their safety. The broker also uses advanced encryption technology such as Secure Socket Layer (SSL) to protect its servers from unauthorized access.  As mentioned earlier, DubaiFXM24 is also a member of the Financial Commission. In the event of a dispute, you can refer your complaints to the Financial Commission for resolution. Disputes resolved by the Financial Commission are covered up to a maximum of $20,000.

DubaiFXM24 Trading Platforms

For trading platforms, DubaiFXM24 has provided its traders with a variety. These include a web-based trading platform called the Dubai FXM24 Web, the Metatrader 4 (MT4) trading platform from MetaQuotes Software and a social trading platform.

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DubaiFXm24 Web

Coded in HTML 5, the DubaiFXM24 Web comes with a sleek user interface and an advanced charting package. It requires no software download and is easy to use with its support for one-click trading. Unlike other web trading platforms in the industry, the DubaiFXM24 Web platform also supports social trading by linking it to other brokers’ networks as well. In short, the DubaiFXM24 social trading platform unifies the online trading community into one.

MetaTrader 4 Platform

The MT4 is arguably one of the world’s most powerful online trading platforms. It comes with comprehensive charts and a large library of technical indicators. The MT4 platform also supports automated trading with the use of expert advisors.

Additional Trading Tools

For beginner traders, DubaiFXM24 has also ensured that they have access to proper educational resources such as a complete glossary for technical jargon used in the industry. There are tools such as an analytic platform and educational videos.

DubaiFXM24 Mobile Trading

For traders constantly on the move, they can easily download the mobile trading app to their smartphones.  The mobile trading app offers the following features:

  • Account management
  • Direct encryption
  • Price updates
  • Secured a trading environment
  • Trading charts

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Trade Types/Instruments

In terms of trade types, DubaiFXM24 offers trading in the spot markets or CFDs market. Asset classes which are available for trading include currency pairs, commodities, cryptocurrencies, market indices, and stocks. For currencies and commodities, you can trade in the spot or CFDs markets. For stocks, market indices and cryptocurrencies such as Bitcoin, Litecoin or Ethereum, they are available for trading in the form of CFDs.

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Account Types

DubaiFXM24 offers 5 different types of trading accounts. They consist of the Discovery account, the Silver account, the Gold account, the Premium account, and the VIP account.

Discovery Account

  • Minimum deposit of 200€/$
  • 5 protected positions
  • Free eBook
  • Free training
  • Free Webinars
  • One Click Trading
  • Personal Account Manager
  • Pop Up Alerts
  • Trading insider

Silver Account

  • Minimum deposit of 1000€/$
  • 5 protected positions
  • Free eBook
  • Free training
  • Free Webinars
  • One Click Trading
  • Personal Account Manager
  • Pop Up Alerts
  • Spread discount on commodities
  • Trading Central (1 month)
  • Trading insider

Gold Account

  • Minimum deposit of 5000€/$
  • 10 protected positions
  • Free eBook
  • Free training
  • Free Webinars
  • One Click Trading
  • Personal Account Manager
  • Pop Up Alerts
  • Spread discount on forex majors, indices and commodities
  • Trading Central (2 months)
  • Trading insider

Premium Account

  • Minimum deposit of 10000€/$
  • 10 protected positions
  • Free eBook
  • Free training
  • Free Webinars
  • One Click Trading
  • Personal Account Manager
  • A personal Customer Service agent
  • Pop Up Alerts
  • Spread discount on forex majors, indices and commodities
  • Trading Central (3 months)
  • Trading insider

VIP Account

  • Minimum deposit of 25000€/$
  • 15 protected positions
  • Free eBook
  • Free training
  • Free Webinars
  • One Click Trading
  • Personal Account Manager
  • A personal Customer Service agent
  • Pop Up Alerts
  • Spread discount on forex majors, indices and commodities
  • Trading Central (4 months)
  • Trading insider

Commissions & Spreads

As for the trading cost, DubaiFXM24 charges a mix of fixed and variable spreads. However, the applicable spreads will depend on the type of asset traded as well the type of trading account used. Naturally, beginner accounts have higher spreads than a professional account. The following table shows the typical spreads traders at DubaiFXM24 can expect from the broker.

Instrument Spreads (in pips)
EUR/USD 1.5
GBP/USD 1.9
USD/CHF 2.3`
USD/JPY 1.7
AUD/USD 1.7
EUR/GBP 1.9
Gold Spot 3.0
USD/CAD 2.5

Deposits & Withdrawals Options

Deposits and withdrawals at DubaiFXM24 can be done through credit cards, bank wire transfer, and i-payments.  For withdrawal processing time, the time required is from one to two business days.

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Bonus & Promotions

As a way to reward their traders’ loyalty, DubaiFXM24 offers the following deposit bonuses:

  • 50% bonus for a deposit of $500
  • 70% bonus for a deposit of $1000
  • 100% bonus for a deposit of $5000

New account holders will also be entitled to 5 risk-free investment on currency trades.

Customer Support

The customer support services at DubaiFXM24 are available 24 hours a day 7 days a week. Traders can contact the support team through Skype, email, Whatsapp, live chat or the telephone. For the benefit of their traders, the support services are available in Arabic, Spanish and English.

Pros and Cons

Pros

  • 24/7 customer support
  • Multilingual support
  • Multiple types of trading accounts
  • Social Trading available

Cons

  • No FAQ
  • Lack of information on trading conditions

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DubaiFXM24 Q&A

  • Is DubaiFXM24 regulated?

Yes, DubaiFXM24 is a regulated broker under the oversight of the Vanuatu Financial Services.

  • Where is DubaiFXM24 based?

DubaiFXM24 is based in Vanuatu. The broker, however, maintains offices in London, Cyprus, Hong Kong, and the Philippines.

  • How does DubaiFXM24 make money?

DubaiFXM24 makes its money by charging its traders a small spread on the price quotes they receive.

  • How do I deposit in a DubaiFXM24 account?

Deposits at DubaiFXM24 can be done through bank wire transfer, credit cards, and ipayment.

  • How do I withdraw money from DubaiFXM24?

Withdrawals at DubaxFXM24 is also done through what the trader used originally for making a deposit.

  • How do I open an account with DubaiFXM24?

To open an account at DubaiFXM24, you need to fill up a form and submit it with the documents needed for verification.

  • Is DubaiFXM24 reliable?

Yes, DubaiFXM24 is a reliable broker. It has an operational history of a decade behind it.

  • Does DubaiFXM24 use MetaTrader?

Yes, DubaiFXM24 uses the MetaTrader 4 trading platform.

  • What is DubaiFXM24 leverage?

The maximum leverage offered by DubaiFXM24 is 1:200.

  • Is DubaiFXM24 a scam?

No, DubaiFXM24 is not a scam. It is a legitimate broker licensed by the Vanuatu Financial Services.

  • How safe is DubaiFXM24?

DubaiFXM24 is a safe broker as it operates in accordance with internationally accepted standards. In addition, the broker is a member of the Financial Commission that resolves disputes impartially.

Conclusion

DubaiFXM24 has always aimed to provide their best for their customers. This is why the broker strives to provide up to date information regarding the products offered. In addition, it takes all the necessary measures to protect the funds deposited by traders in their trading accounts. If you are looking for the broker which offer value-added services, then you might want to seriously consider DubaiFXM24 as one of your choices.

DubaiFXMOverview

Company Information

Broker DetailsInfo
Headquarters CountryAustralia
Foundation Year2012
Publicly TradedNo
Number Of Employees100

Deposit Options

Cash-U, Credit Card, Moneybookers, Neteller, Skrill, Wire Transfer

Withdrawal Options

Credit Card, Wire Transfer

Contact Information

Trading Account Options

Account TypeInfo
Min. Deposit$200
Max. Leverage1:500
Mini AccountYes
Demo AccountYes
Premium AccountYes
Segregated AccountNo
Islamic AccountNo

DubaiFXM Trading Features

Suitable For

Trader LevelYes/No
BeginnersYes
ProfessionalsYes
ScalpingYes
Day TradingYes
Weekly TradingYes
Swing TradingYes

Customer Service

TimeYes/No
24 Hours SupportNo
Support During WeekendsNo

Customer Support Languages

Arabic, English, Italian, Spanish

Trading Services

ServiceInfo
Supported Trading PlatformsMT4, Sirix
Commission On TradesYes
Fixed SpreadsYes
Educational ServiceYes
SignalYes
Email AlertsYes
Guaranteed Stop LossYes
Guaranteed Limit OrdersYes
Guaranteed Fills/LiquidityYes
OCO OrdersYes
Trailing SP/TPYes
Automated TradingYes
API TradingYes

Supported Instruments

Instrument TypeYes/No
CurrenciesYes
CommoditiesYes
CFDsYes
IndicesYes
ETFsNo
StocksYes
BondsNo
CryptocurrenciesNo

DubaiFXMPromotions

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DubaiFXMUser Reviews

Rate this broker
  • 5.0
    deposit bonuses
    Samuel
  • 4.0
    They offer up to 10 risk free trades
    Jordan
  • 4.0
    $200 to open a live trading account with this broker
    Max
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