Clients of DubaifXM are offered one basic account type, with fixed spreads, commission-free trading, and leverage up to 1:200 on both MetaTrader 4 and Sirix platforms. Besides, there are a number of premium account types for clients who are willing to deposit more than $1000. Premium account holders get access to Trading Central, discounts on spreads and other extra services.
Although it claims it does not have a Dealing Desk, it seems to us that DubaifXM is one of the many offshore market makers, as it offers fixed spreads only. What is worse, they are above the average 2 pips on EUR/USD.
The Company. Security of Funds
DUBAI FXM LTD
DubaifXM offers trading in numerous currency pairs, as well as indices, commodities and stock CFDs on two trading platforms. It has offices in major financial centers around the world including London, Hong Kong, Cyprus, Philippines and India. The company that operates the brand, DUBAI FXM LTD, is licensed by the Vanuatu Financial Services Commission (VFSC).
We do not recommend investing with offshore brokers as a general rule. No authority is overseeing the activity of such businesses, they are not obliged to keep client money in segregated accounts, to meet high capital adequacy requirements, nor to report transactions.
That is why off-shore companies are not to be trusted, Besides, it is no secret that most of those brokers are pure scams. So, you’d better choose among brokers regulated by the CySEC in Cyprus, FCA in UK or another trustworthy regulatory body.
The broker supports MetaTrader 4 & Sirix platforms, as we have mentioned above.
MetaTrader 4 (MT4) is easy to use and equipped with a number of technical analysis indicators, extensive back-testing environment, advanced charting package and the most commonly used trading robots, as well as with options to add or create new ones (Expert Advisers). With DubaifXM it is available as desktop download and mobile apps.
Sirix, on the other hand, is available as web, desktop, and mobile versions. Sirix also has a user-friendly interface, advanced charting options and also provides sophisticated social trading services, allowing traders to observe and mirror other users’ trading activities.
Methods of Payment
DubaifXM offers a large number of payments methods to accommodate all our clients: bank wire transfer, credit/debit cards and e-wallets Skrill, and Neteller.
Although DubaifXM offers trading in wide range of financial instruments on 2 trading platforms, it is not recommended, because it is registered offshore and besides, its spreads are too wide.
DubaiFXM Review Conclusion
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