- Excellent selection of trading platforms
- Wide variety of tradeable assets
- Multilingual customer support
- Established and reputable
- Offshore regulation
- High trading fees
DubaiFXM is an established online trading brokerage with a worldwide presence offering traders the opportunity to participate in various financial markets from around the world. The brokerage has over 10 years of experience as they were established in 2012 by their holding company DubaiFXM LTD. Though DubaiFXM is an international online trading brokerage, their headquarters are based out of the United Arab Emirates (UAE) and are located at the Dubai Airport Free Zone, 03rd East Wing Building, 04th Floor, Po Box – 54620, Dubai. Also, the brokerage has another head office based out of Vanuatu for regulatory reasons. The DubaiFXM brokerage is licensed and regulated by the Vanuatu Financial Services Commission under license number 40133/17. Even though this regulatory agency is an offshore regulator, DubaiFXM is a very reputable brokerage that’s been confidently offering services for over 10 years. While DubaiFXM may be a well established trading brokerage, are they right for you? Find out in the following review where we’ll delve deep into the aspects that make up this online trading brokerage and see what sets DubaiFXM apart from the competition and whether or not they can be trusted.
DubaiFXM provides their traders with several sophisticated trading platforms including a WebTrader platform, Mobile platform, and the famous MetaTrader 4 (MT4) platform. All these platforms are highly advanced and have tools and features unique to their own. See these platforms overviewed below.
This platform allows traders to begin trading immediately as no downloadable software is required. Everything is accessible via the internet and the platform works on a variety of computers and mobile devices as it is coded from HTML5. The platform has a sleek design and is very user friendly. As well, the platform is quite advanced and comes with a comprehensive charting package complete with over 30 technical indicators, numerous drawing tools, and a variety of chart types and time frames. Also, the biggest feature of the WebTrader platform is the social trading capability that’s seamlessly integrated into the platform.
MetaTrader 4 (MT4) Platform
This platform is the most popular trading platform in the world and is best for traders who prefer a more familiar and high performing trading platform. The MT4 trading platform comes equipped with many advanced trading tools including the automated trading feature. Traders can use “Expert Advisors” (EAs) to automate their trading activities according to the customizable trading parameters they have been coded with.
Mobile Trading Platform
DubaiFXM has developed a fully optimized mobile trading app for both Apple and Android smart devices. The app is available for download from the Apple App Store and Google’s Play Store. The mobile app platform comes with all the key features found at the WebTrader platform but optimized them for mobile devices.
DubaiFXM provides traders a wide range of markets to participate in which over 300 tradeable instruments are available. The markets available to traders include Forex, Commodities, Stocks, and Indices. See what DubaiFXM has to offer with these markets in the points below.
Foreign Exchange Market (Forex)
- Over 80 currency pairs
- Majors, Minors and Exotics
- Cash rebates
- Competitive spreads
- Trade the most popular commodities (Gold, Silver, Crude Oil)
- Trade on leverage of up to 400:1
- Commission free trading
- Tight variable spreads
- Trade over 100 of the worlds best companies
- Trade on leverage of up to 20:1
- Profit on both short or long
- Trade the world’s most popular equity markets
- Commission free trading
- Tight spreads
- Trade on leverage of up to 100:1
Fees and Commission
The fees and commissions imposed on traders at DubaiFXM are a mix between variable and fixed spreads. Also, the fees vary between account types and there are a staggering 5 different account types being the Discovery, Silver, Gold, Premium, and VIP accounts. The Discover account has the highest overall spreads across all markets. The Silver account has discounted spreads on commodities. The Gold account has discounted spreads on commodities, indices, and forex. The Premium and VIP accounts have discounted spreads across all available markets. Overall, the spreads and commissions imposed on traders have been reported to be quite high compared with industry standards.
Security and Fairness
DubaiFXM may not be regulated by the most reputable regulatory authorities, but the brokerage has successfully been in business for over 10 years and has satisfied clients from across the globe. DubaiFXM is committed to providing their clients a safe and secure trading environment. All traders’ funds are safely held in reputable international bank accounts which are segregated from the brokers accounts, which protects the client in the case of broker insolvency. Additional security measures include SSL encryption to protect clients’ data and information, and other advanced security measures to protect client information from hackers and malicious code. All in all, DubaiFXM is a relatively safe and secure online trading brokerage.
DubaiFXM offers regional support in over 10 different languages so their international clients receive the personalized support they deserve. Support representatives are available via telephone and email 24 hours a day, 5 days a week. Also, an additional method of support is through the company’s social media channels such as Facebook, LinkedIn, Twitter, Instagram, YouTube, and Skype.
Overall, DubaiFXM is a safe and reliable online trading brokerage who offers a wide range of tradeable assets across numerous global markets. The brokerage is registered and regulated offshore but remains secure and reputable with over 10 years of experience. DubaiFXM features a good selection of trading platforms and a decent support team. All in all, DubaiFXM is a good online trading brokerage, but has rather high trading fees and questionable regulation.
The following are the common questions that customers inquired about DubaiFXM.
Is DubaiFXM regulated?
Yes, it is regulated by the Vanuatu Financial Services Commission.
Is DubaiFXM a scam?
No, DubaiFXM is not a scam and is an established and reputable broker.
Where is DubaiFXM based?
DubaiFXM is based at the Dubai Airport Free Zone, 03rd East Wing Building, 04th Floor, Po Box – 54620, Dubai.