DubaiFXM

Premium account holders gain acces to Trading Central, discounts on spreads, and additional services.

Although it says it doesn’t offer an Dealing Desk, it seems to us that DubaifXM is among the numerous off-shore marketplace makers offering fixed spreads. The worst part is that they are higher than the typical 2 pips of EUR/USD.

The Company. Security of Funds

DubaifXM provides trading on numerous currencies, as well in commodities, indices and CFDs for stocks on 2 trading platforms. It has offices in the major financial centres around the world which include London, Hong Kong, Cyprus, Philippines and India. The company that runs the DUBAI FXM brand, DUBAI FXM LTD has been granted a license by the Vanuatu Financial Services Commission (VFSC).

We don’t advise using offshore brokers in general. The authorities are not in charge of the activities of these businesses They are not required to store client funds in separate accounts, nor to ensure that they meet standards for capital adequacy, or to disclose transactions.

This is the reason offshore firms are not to be relied upon In addition there is no doubt that many of them are scams. You should therefore select brokers that are regulated by CySEC of Cyprus, FCA in UK or another reputable regulator.

Trading Platforms

The broker is compatible with MetaTrader 4. & Sirix platforms in the manner we’ve already mentioned.

MetaTrader 4 (MT4) is easy to use and comes with numerous indicators for technical analysis, an extensive back-testing system as well as a sophisticated charting program and the most widely used trading robots, as being able to build or upgrade fresh ones (Expert advisors). With DubaifXM , it’s available for download on desktops and mobile applications.

Sirix is, on its own is accessible via the internet mobile, desktop and versions. Sirix is also user-friendly, with a simple interface as well as advanced charting options. It additionally, it offers advanced social trading capabilities, which allow traders to watch and mimic the trading actions of other users.

DubaifXM’s Sirix Web platform. Click to expand.

Methods of Payment

DubaifXM provides a variety of payment options to meet the needs of our customers such as Bank wire transfer, credit/debit cards , electronic wallets Skrill along with Neteller.

Conclusion

While DubaifXM provides trading across a broad variety of financial instruments across two platforms for trading It is not recommended because its registration is offshore, and in addition, its spreads aren’t sufficient.