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Dubai FXM Review 2020: Scam or Legit Broker? Find out Now!

Dubai FXM is a robot broker launched in 2012 by the Dubai FXM limited. The broker offers a wide range of products, including CFDs in crypto and forex. However, it is well known for supporting bitcoin trading through a trading robot known as Bitcoin Up. Dubai FXM popularity skyrocketed during the crypto boom of 2017…

Dubai FXM is a robot broker launched in 2012 by the Dubai FXM limited. The broker offers a wide range of products, including CFDs in crypto and forex.

However, it is well known for supporting bitcoin trading through a trading robot known as Bitcoin Up. Dubai FXM popularity skyrocketed during the crypto boom of 2017 due to its association with the robot.

Bitcoin Up went viral in 2017 after helping nearly 70% of its users generate hundreds of thousands of dollars in profits within three months by speculating on bitcoin. The robot has remained a top choice for investors and is attracting a lot of attention in 2020 as analysts continue to predict another crypto boom.

This means that the popularity of Dubai FXM as a partner of Bitcoin Up is also rising. Users must register on the Bitcoin Up website to enjoy the great benefits associated with this broker. We will discuss these benefits in this Dubai FXM review and offer tips to help users get the best out of it.

Open your account

All trading carries risk.

How does Dubai FXM broker work?

Dubai FXM is an ECN broker offering low-cost trading to auto-traders. An auto trader is a person who applies a special computer program to perform trading automatically.

Automated trading does not require any skill or expertise. Moreover, you do not have to spend a lot of time managing your account since the program conducts trading automatically. A trading robot relies on a specialized broker as its bridge to the markets.

The roles of the broker include buying and selling the asset on trade as instructed by the robot and facilitating transactions with clients. They also provide leverage, which is a form of loan provided to the trader to help them magnify their trades.

dubai fxm main navigation panel

dubai fxm main navigation panel

A good example of an auto-trading platform is Bitcoin Up.  As mentioned in the introduction, Bitcoin Up is the partner trading robot for Dubai FXM. This means that you need to visit the Bitcoin Up Website and register an account to trade with Dubai FXM.

Trading with Dubai FXM directly is not recommended since this robot is not made for manual trading. Please note that no expertise is needed to trade bitcoin CFDs through Bitcoin Up. You only need to sign up, deposit the trading capital with Dubai FXM, and click the live trading platform.

Dubai FXM Trading platforms

Dubai FXM is specialized for auto trading, and hence users must register through Bitcoin Up to trade with this robot. The broker has a manual trading option, but users must be familiar with the MT4 to trade manually.

We strongly advise against registering with this broker directly since its trading conditions are not the best for manual trading. You must register through the Bitcoin Up robot to get the best out of this robot.

Bitcoin Up connects with Dubai FXM in the background. The robot conducts trading research and automatically relays orders to the broker for execution. Traders who register through Bitcoin Up are offered a powerful but easy to use the trading platform to manage their accounts.

Trading with Dubai FXM through Bitcoin Up is easy and highly recommended for anyone looking for a passive way to earn an online income. You do not need to invest in trading education or spend a lot of time monitoring your account to trade with Dubai FXM through Bitcoin Up.

Dubai FXM Tradable instruments

Dubai FXM offers forex and CFDs trading. Spot forex trading is available for manual traders. As mentioned earlier, this broker is best suited for automated trading. We suggest that you only trade with it through the Bitcoin Up trading robot.bitcoin up introduction section

bitcoin up introduction section

With Bitcoin Up, you can trade CFDs in crypto against crypto and crypto against fiat currencies. Popular crypto against crypto pairs includes bitcoin paired against Ethereum, Bitcoin Cash, Ripple, Dash, and Monero.

Crypto to fiat currencies, on the other hand, includes popular offerings such as Bitcoin paired against the USD, EUR, and the GBP. Overall, Dubai FXM offers over 60 crypto CFDs pairs at a leverage of up to 1000:1.  Leverage allows traders with small accounts to bet on big trades. For instance, a $250 account can trade positions worth up to $250,000 when the leverage is 1000:1.

It’s worth noting that high leverage magnifies both profits and losses. Bitcoin Up automatically connects with Dubai FXM risk management features to control risk. These features include the stop-loss and take-profit features. You should read the Bitcoin Up trading manual carefully to understand the risk management process. The guide is explained in layman’s terms and is hence easy to understand for all.

Is Dubai FXM legit or a scam broker?

Dubai FXM is undoubtedly a legit broker given the amazing reviews it has on ForexPeaceArmy and TrustPilot.

For instance, it has nearly 5k reviews and a rating of 4.6/5 on TrustPilot. At least 90% of those who have reviewed it positively report trading with it through Bitcoin Up. What stands out the most is the level of profitability associated with this robot.

Open your account

All trading carries risk.

Some Bitcoin Up reviews indicate that a deposit of $250 can generate up to $1000 daily in profits—most of the users who have reviewed the robot report earning profits from the first day of trading. There are a few complaints about people making losses, but that is expected in any worthwhile venture. Do not deposit more than you can afford to lose.

Tier-one regulatory authorities monitor Dubai FXM. These include the Cyprus Securities and Exchange Commission (CYSEC), the UK Financial Conduct Authority (FCA) and the Australian Securities and Exchange Commission (ASIC).

This broker is also compliant to data privacy laws, including the stringent EU General Data Protection Regulation (GDPR). Its platforms are also encrypted through the RSA protocol to keep off cyber attackers. Bitcoin Up is also compliant with these regulations and relies on top encryption to ensure users safety.

How to register and trade with Dubai FXM

We strongly advise that you register on the Bitcoin Up website to trade with Dubai FXM. Bitcoin Up is an auto trading robot that allows ordinary people to profit from bitcoin volatility. You can read an in-depth Bitcoin Up review here.

Bitcoin Up is available globally, with presence in over 140 countries. Its platforms and customer service are multilingual, covering over 20 languages. As mentioned earlier, anyone who can read and follow simple instructions have high chances of success with this robot.

Dubai FXM shares the customer service with Bitcoin Up, and hence users can get all help relating to trading in one platform. You can kick start your trading journey with Dubai FXM through the steps explained below.

Register on Bitcoin Up website

You need to register a free trading account on the Bitcoin Up website to participate in Dubai FXM auto trading. Registering an account with Bitcoin Up is as easy as creating a social media account. However, you must submit accurate details since you will be asked to verify them later.

Moreover, you will be asked to verify your identity with Dubai FXM by uploading a scanned copy of your government-issued ID. Identity verification is paramount since it is meant to thwart instances of financial crime such as money laundering.

Deposit a minimum of $250

After registration, Bitcoin Up will redirect you to Dubai FXM page to deposit. You need to invest at least 250 USD to participate in auto-trading through Bitcoin Up.

Dubai FXM doesn’t charge any deposit fees. Moreover, there is no ceiling to how much you can invest. Even so, we advise that you start small and grow your investment by ploughing back profits.

Read the trading manual and trade live

Bitcoin Up is an auto trading robot, and hence no trading skill is needed to trade with it successfully. However, you must read and observe the account set up instructions. It is written in plain language, and hence anyone can understand it.

Live trading should be easy for anyone who takes enough time to understand the robot. Bitcoin Up in collaboration with Dubai FXCM offers a highly intuitive demo account to help you practice before going live.

We suggest that you trade on the demo for at least one hour before proceeding to the live account. The demo is available after deposit.

Is Dubai FXM Legit? The Bottom Line!

We have tested Dubai FXM and found it to be legit. This broker is highly specialized for robot trading. You can register with it through Bitcoin Up, a legit robot with a verified daily ROI of up to 400%. Click the link below to get started.

Open your account

All trading carries risk.

FAQs

Is Dubai FXM legit?

Yes! This broker is trustworthy since they are well-regulated in most jurisdictions. They are also powered by a blockchain-powered trading robot known as Bitcoin Up. Blockchain brings about transparent peer to peer transactions.

How do I withdraw from Dubai FXM?

Fill the withdrawal form on Dubai FXM withdrawal page and wait for up to 2 hours for your funds to be processed.

How do I open a demo account on Dubai FXM?

You need to register with Bitcoin Up to access the Dubai FXM demo trading account. The registration process is quite straightforward.

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Daily Financial News

Don’t Count On JPY Correction; Staying Long GBP/JPY

The path of the potential pace of the JPY decline may still be underestimated by markets, which continue trading the JPY long.

While the 10% USDJPY advance from September lows looks impressive from a momentum point of view, it may no thave been driven by Japan’s institutional investors reducing their hedging ratios or Japan’s household sector reestablishing carry trades.

Instead, investors seemed to have been caught on the wrong foot, concerned about a sudden decline of risk appetite or the incoming US administration being focused on trade issues and not on spending. Spending requires funding and indeed the President-elect Trump’s team appears to be focused on funding. Here are a few examples: Reducing corporate taxation may pave the way for US corporates repatriating some of their USD2.6trn accumulated foreign profits. Cutting bank regulation could increase the risk-absorbing capacity within bank balance sheets. Hence, funding conditions – including for the sovereign – might generally ease. De-regulating the oil sector would help the trade balance, slowing the anticipated increase in the US current account deficit. The US current account deficit presently runs at 2.6% of GDP, which is below worrisome levels. Should the incoming government push for early trade restrictions, reaction (including Asian sovereigns reducing their holdings) could increase US funding costs, which runs against the interest of the Trump team.

Instead of counting on risk aversion to stop the JPY depreciation, we expect nominal yield differentials and the Fed moderately hiking rates to unleash capital outflows from Japan.The yield differential argumenthas become more compelling with the BoJ turning into yield curve managers. Via this policy move, rising inflation rates push JPY real rates and yields lower, which will weaken the JPY. Exhibit 12 shows how much Japan’s labor market conditions have tightened. A minor surge in corporate profitability may now be sufficient, pushing Japan wages up and implicity real yields lower.

JPY dynamics are diametrical to last year . Last year, the JGB’s “exhausted”yield curve left the BoJ without a tool to push real yields low enough to adequately address the weakened nominal GDP outlook. JPY remained artificially high at a time when the US opted for sharply lower real yields. USDJPY had to decline, triggering JPY bullish secondround effects via JPY-based financial institutions increasing their FX hedge ratios and Japan’s retail sector cutting its carry trade exposures. Now the opposite seems to be happening. The managed JGB curve suggests rising inflation expectations are driving Japan’s real yield lower. The Fed reluctantly hiking rates may keep risk appetite supported but increase USD hedging costs.Financial institutions reducinghedge ratios and Japan’s household sector piling back into the carry trade could provide secondround JPY weakening effects

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Daily Financial News

Mexico raises interest rates, cites Trump as risk

The head of Mexico’s central bank says U.S. Republican candidate Donald Trump represents a “hurricane” sized threat to Mexico.

Banco de Mexico Gov. Agustin Carstens told the Radio Formula network Friday that a Trump presidency “would be a hurricane and a particularly intense one if he fulfills what he has been saying in his campaign.”

Trump has proposed building a wall along the border and re-negotiating the North American Free Trade Agreement.

Mexico’s central bank raised its prime lending rate by half a percent to 4.75 percent Thursday, citing “nervousness surrounding the possible consequences of the U.S. elections, whose implications for Mexico could be particularly significant.”

Mexico’s peso had lost about 6 percent in value against the dollar since mid-August. It recovered slightly after the rate hike

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Financial News

Africa’s first Fairtrade certified gold co-operative offers hope to gold miners living in poverty

Syanyonja Artisan Miners’ Alliance (SAMA) has become the first artisanal small scale mining co-operative in Africa to become Fairtrade certified, bringing much needed hope to impoverished communities who risk their lives to mine the rich gold seam that runs around Lake Victoria.

SAMA is one of nine previously informal groups from Uganda, Kenya and Tanzania which has benefitted from a pilot project launched by Fairtrade in 2013. This innovative program aims to extend the benefits of Fairtrade gold to artisanal miners across East Africa.

In that short time, SAMA has undergone training in business and entrepreneurship, as well as safe use of mercury, internal control systems, labour rights and better working conditions, health and safety and more. Previously, daily contact with toxic chemicals used to process gold meant members risked disease, premature births and even death.  Fairtrade gold was first launched in 2011, and SAMA now joins Fairtrade certified gold mines MACDESA, AURELSA and SOTRAMI in Peru.

The co-operative produces just 5 kg gold per year, but nevertheless has the potential to significantly benefit many people in the local community through better conditions through certification. It is expected that Fairtrade and organizations like Cred Jewellery will support the miners, ensuring their gold can be refined and made available to jewellers in the UK and other markets.

Gonzaga Mungai, Gold Manager at Fairtrade Africa said: “This is a truly momentous and historical achievement and the realisation of a dream that is many years in the making. Gold production is an important source of income for people in rural economies. Congratulations to SAMA, it sets a precedent which shows that if groups like this can achieve certification, then it can work for others right across the African continent.”

The Fairtrade Gold Standard encourages better practice and changes to come in line with international regulation around the production and trade of so-called ‘conflict minerals’. Under the Standard, miners are required to:

  • Uphold a human rights policy preventing war crimes, bribery, money laundering and child labour
  • Clearly represent where the minerals were mined
  • Minimise the risks of conflict minerals through robust risk assessments and collaboration across supply chains
  • Report to buyers and trading partners regarding the risks of conflict minerals

Now in its second phase, the programme will focus on supporting other mining groups in the region to access affordable loans and explore a phased approach to accessing the Fairtrade market, allowing more mining co-operatives across Africa to participate in the programme.

Gonzaga added: “Sourcing African metals from smallscale miners in the Great Lakes Region is the responsible thing to do. For a long time companies have avoided buying gold from this region, with devastating consequences for impoverished communities who were already struggling. It has driven trade deeper underground, as unscrupulous buyers pay lower prices and launder illegal gold into legitimate supply chains. That’s why we have chosen to work with these groups to help them earn more from their gold within a robust compliance system that offers social, environmental, and economic protections.”

The Fairtrade gold programme offers a small but scalable solution to sustainable sourcing of gold from the region in line with Section 1502 of the Dodd-Frank Act in the US, OECD Due Diligence Guidance and recent EU Supply-Chain Due Diligence proposals which could come into effect in 2016. This means that up to 880,000 EU firms that use tin, tungsten, tantalum and gold in manufacturing consumer products could be obliged to provide information on steps they have taken to identify and address risks in their supply chains for so-called ‘conflict minerals’.

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