Dubai Options Exchange has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.dubaiex.com.
I trusted Dubai Options Exchange with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Real-time alerts|Fast deposits
Cons: Charting tools need more indicators|Slow to add new assets
My withdrawal request from Dubai Options Exchange has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Transparent fees|Stable platform
Cons: Desktop app not available on Linux
KYC with Dubai Options Exchange is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: High security standards|Fast execution|Good analytical tools|Copy trading available
Cons: Wait times can be long during peak hours|Limited demo account features
Dubai Options Exchange has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Fast support response|Full transparency
Cons: No crypto staking
What really bothers me about Dubai Options Exchange is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after comparing multiple platforms and I fell for the polished exterior. Never again.
Pros: Excellent charting|API access
Cons: No integrated tax optimization|Limited social trading features
The reporting at Dubai Options Exchange is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Two-factor authentication|Economic calendar
Cons: Help articles are sometimes vague|Wish they had more educational resources