FXDD Review

FXDD

FXDD was founded in 2002 in New York and is headquartered in Malta. The company has been trading under the leadership of its CEO since 2004, with 400,000 accounts opened. FXDD Europe is regulated by the Malta Financial Services Authority (MSFA) and is licensed to offer services in all countries within the EEA under the EU’s MiFID legislation.

Broker: FXDD

Regulator: MFSA, FSC

Minimum deposit: 100 US$

HQ: Malta

Year: 2002

Platforms: MT4, MT5, FXDD WebTrader

FXDD Licences:

  • Triton Capital Markets Ltd. - authorized by MFSA, (Malta), registration number IS/48817

  • FXDD Mauritius Ltd. - Authorized by FSC (Mauritius), registration number C117017252

Our Take:

FXDD, a Malta-based financial services company that offers vast investment opportunities for retail, corporate, and institutional clients. Clients benefit from low spreads and zero commissions through the ECN-based technology. However, raw spreads are received directly from liquidity providers at ultra-low latency.

Since its inception, the company has been operating for 15 years. It currently serves over 350 000 accounts and has 7.3 trillion transactions volume. There are now also available trading markets for stocks, commodities, and indicles.

Overview

FXDD is a licensed broker that offers low risk trading and a wide range of instruments, including Cryptos. Pricing is either on a spread basis or commission basis.

Pros

  • Automated trading

  • $1 minimum deposit

  • 24/5 multilingual customer support

  • Swap free / Islamic friendly trading accounts

  • Choice of trading platforms including MT4 and MT5

  • Negative balance protection policy for all retail customers

  • Regulated by the MFSA with investment compensation protection

Cons

  • $30 inactivity charge after 90 days

  • $25 withdrawal fee for payments under $100

  • Withdrawal fees for more than one payment per calendar month

Rating of the company overall

  • Reliability ⭐⭐⭐⭐⭐

  • Platform ⭐⭐⭐⭐⭐

  • Commissions ⭐⭐⭐⭐

  • Support ⭐⭐⭐⭐⭐

  • Financial instruments ⭐⭐⭐⭐

RATING: 4.6

Specifications

Safety

FXDD is not a fraud. It is a licensed broker that offers low-risk trading.

FXDD Malta Limited is a part the EU company and has an Investment Service Category 3 license. The Malta Financial Services Authority has received this license.

The company is a European regulator and can therefore provide services in the EEA area. It is also registered with the EU partner authorities, regulated under the MiFID.

FXDD is also a separate entity that is registered offshore Mauritius. This, along with European legislation, makes FXDD a trustworthy partner.

The registration ensures compliance and safety management of clients' assets. Clients are protected by strict rules established by the authority.

Leverage

FXCC offers leverage as a powerful tool to increase your potential gains. It also allows you to have multiple accounts. Leverage should be used with caution as it can also increase the possibility of losing money.

The leverage levels you can trade depend on the instrument and are determined by regulatory restrictions as well as your level of proficiency. The leverage available allows traders to trade at a higher level up to 1:30. However, professional traders may have access to greater leverage of 1:100.

Types of accounts

The company FXDD offered two account types based upon the pricing models. Thus, the account types Standard (and ECN) are available through both MT4 or MT5.

The Demo account for both types is also available to new clients. Once the client is confident in his knowledge, the registration of the live accounts follows quickly and easily.

Fees

Standard account pricing offers low spreads and no commissions while ensuring that high-quality execution and delivery are maintained.

Trading with the ECN account will give you direct raw spreads without markup and with a low commission per trade . For major currencies, the commission is 0.0299$ per 1,000 trades. Other instruments may be charged slightly higher at 0.0499$.

Spreads

Spreads vary depending on account type. Below you will find FXDD Standard spread for most popular instruments.

FXDD rollover

Be sure to consider rollover and overnight fee as costs. These are charged for positions that are held longer than one day and are defined by each instrument individually. You can also check out the latest FXDD platform updates for some of these examples.

Payment Methods

There are many ways to withdraw or deposit funds. The most secure and convenient payment methods are used. The customer portal requests all transactions. There are options for Credit/Debit Cards through SafeCHarge as well as UnionPay and Neteller, Skrill, and Wire Bank Transfers.

Minimum deposit

You can transfer your Demo account into a trading account by depositing 100$ While trading, make sure you check the margins required for each instrument.

FXDD Minimum Deposit vs Other Brokers

Withdrawal

FXDD charges no fees to make a deposit. You can also withdraw funds at any time. FXDD withdrawal options include Bank wire and cards. Broker will pay the cost of each month's first withdrawal. Additional 40$ may be charged for truncation fees, and the minimum withdrawal amount is 100$.

Trade Platforms

FXDD offers a variety of platforms that are loved by both manual and automated traders around the world. The platforms offer both the older MetaTrader4 as well as the newer MetaTrader5, which is a standard feature that can be enhanced by the broker edition.

These platforms are designed to be used with Windows, Macs, Webs, iOS and Android devices.

The company also offers VPS service to improve the MT4 platform. This protects the platform against trailing stops and allows you to run multiple strategies without interruption with a lower latency. If you maintain a minimum deposit at 2,500$ and trade 5 standard lots per month, the service is free. Otherwise, you'll be charged a fee of either 30$, 40$, or 85$ depending on your VPS package level.

Web Platform

FXDD also offers a proprietary trading platform with a Web-based interface for easy access from any device. This platform is for traders who are experienced with charting and only offers ECN pricing.

Support

The FXDD provides educational support and materials to help you start trading. The market analysis provided by in-house specialists provides daily insights to the global markets.

Customer support is always available and puts their expertise to work for their clients. This is definitely a huge advantage for traders.

Conclusion

FXDD Review shows good opportunities for global investment, including the support of various trading styles and tools. FXDD clients can make smart investments and reach their potential success thanks to the best operational standards. traders can benefit from the most suitable platform and the expanded trading conditions in a conflict-free environment using STP technology.