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Dubai FXM Review 2020: Scam or Legit Broker?

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Author: Adam Green

Last Updated: September 15, 2020
 4/5

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.

  • Robot
  • Rating
  • Features
  • Trade
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The Best Choice
  • 88% Claimed win rate
  • $250 Min Deposit
  • Accepts credit card and Sofort
All trading carries risk

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.

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All trading carries risk.

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    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

    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

    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.

    All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
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    Adam Green is an experienced writer and fintech enthusiast. He he worked with LearnBonds.com since 2019 and covers a range of areas including: personal finance, savings, bonds and taxes.