Score

1.49 /10
Danger

DUBAI FXM

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.87

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

Dubai FXM Ltd.

Company Abbreviation

DUBAI FXM

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

DUBAI FXM · Company summary
Registered in Vanuatu
Regulated by No effective regulation at this time
Year(s) of establishment 2-5 years
Trading instruments Information not available
Minimum Initial Deposit 200 euros
Maximum Leverage Information not available
Minimum spread Information not available
Trading platform Information not available
Deposit and withdrawal method Information not available
Customer Service Email/phone number
Fraud Complaints Exposure No for now

Note: At this time, we only have a cursory look at DUBAI FXM as the company's official website (https://www.dubaifxm.co/ ) does not open properly.

General information

Screenshot time: 01/11/2023

WikiFX provides dynamic scoring, it will track the broker's dynamic real-time scoring, the current time screenshot scores do not represent past and future scoring.

General information and regulations

DUBAI FXM is registered in Vanuatu and appears to be a fraudulent broker without any credible regulation, with a history of no more than 5 years. Unfortunately, we could not find any more detailed information about this broker on the internet. Therefore, we recommend that you do not deal with such a low-information broker right off the bat and always consult WikiFX to get at least a basic understanding of a broker.

When choosing a forex broker, you should know that a regulatory license does not necessarily guarantee the reliability of a broker as it may be an expired or cloned regulatory license, but a broker without any regulatory license has a high probability of being unreliable.

Account types

DUBAI FXM offers a total of 5 account types: discovery, silver, premium, gold and VIP. the minimum deposit to open an account is 200, 1,000, 10,000, 5,000 and 25,000 euros respectively. If you are still a beginner and don't want to invest too much money in Forex trading, a discovery account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

account types

Customer support

The support service provided by DUBAI FXM is not very extensive. It can only be accessed via email and a phone number. Since the company's website is not currently open, we do not know if it offers other services such as live chat, callback, FAQ, 24/7 or 24/5 service, etc.

Below are the details about the customer service.

Email: cs@dubaifxm.com

Phone Number: +44 7405002421

Users exposures

We have not received any reports of fraudulent activity at this time.

On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Frequent asked questions about DUBAI FXM

Is this broker well regulated?

No, it is currently not effectively regulated and you are advised to be aware of its potential risks.

User Reviews

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User comment

2

Comments

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FX1346708077
more than one year
This DUBAI FXM sucks! It provides clear and transparent information about business operations, and it does not provide a solid trading platform, which made me always lost connection using its weak web trading platform. besides, customer support staff knows nothing about online trading, and this is the most despairing part for me. I spent around 1000 dollars to learn that this broker is unworthy to trading with.
This DUBAI FXM sucks! It provides clear and transparent information about business operations, and it does not provide a solid trading platform, which made me always lost connection using its weak web trading platform. besides, customer support staff knows nothing about online trading, and this is the most despairing part for me. I spent around 1000 dollars to learn that this broker is unworthy to trading with.
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2023-03-21 09:56
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Ц. Баттулга
more than one year
This offshore broker provides huge spreads, and I was unable to contact my account manager once something wrong happened to my account. Trading with this broker was hopeless, I mean, frustrating!
This offshore broker provides huge spreads, and I was unable to contact my account manager once something wrong happened to my account. Trading with this broker was hopeless, I mean, frustrating!
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2023-03-17 18:22
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