FXDD innovative solutions are a gateway to the Forex markets, by delivering new technologies backed by world-class support for individual and institutional traders. FXDD customers can take advantage of a diverse range of products, Forex, metals, stocks, indices and commodities CFDs. FXDD offers trading via the Metatrader 4 and 5 available for desktop and mobile, and via their proprietary platform WebTrader, also available for desktop, Android and iOS. FXDD is also a popular Forex broker with traders for the variety of trading platforms on offer. Trading can be done with MT4 and MT5, available on desktop, Android and iOS versions. Also available the WebTrader, FXDD’s own proprietary trading platform, with a web-based interface for easy access anytime, anywhere.
For the more experienced trader, this platform offers robust charting on the go and is available with the ECN and Standard accounts. Minimum deposit – Opening a trading account with FXDD is quite easy and fast, taking around 12 minutes to complete all the forms with the required information. The minimum deposit requirement with FXDD is 0, of course with a zero balance customers will not be able to open any trades. But FXDD traders have an opportunity to test the real trading conditions, like how the spreads widen on high impact news, and the broker’s trading platforms. Trading accounts – The FXDD ECN account is a popular choice with traders looking to save on trading costs, with a lower spread and a competitive commission of $6.00 per lot traded. Extra points for FXDD’s policy of no fees on deposits or withdrawals.
Accounts, Instruments and Platforms
FXDD’s support is available via direct phone call, or even by requesting a call-back, webform, email and through live chat directly from their website.
For accounts opened via FXDD Mauritius Ltd, there is no Negative Balance Protection. Without NBP, FXDD Mauritius Ltd customers are not protected from any losses bigger than their original investments, in cases of extreme market volatility. When an account has been deemed inactive for a period of 90 days, FXDD will apply an inactivity fee of 30 USD. Withdrawals fees – FXDD will cover the costs of the first withdrawal per calendar month. Additional redemptions within the same calendar month will be charged 40 USD and an extra 25 USD for bank withdrawals, if the amount is below 100 USD or equivalent. FXDD trading spreads are not the most competitive in the market for the entry-level account .
FXDD Review 2022 – Verified Customer Reviews
For the most traded pair, the EUR/USD, the spread starts at 1.8 pip. On the positive side, with an ECN account, the EUR/USD minimum spread is 0.1 pip (typically 0.2 pip). FXDD allows for social trading, including copy trading, via the CopyFX account and MQL Signals.
- Customer support – FXDD’s multi language customer support service is available 24 hours, 5 days a week, in 13 languages.
- Also available the WebTrader, FXDD’s own proprietary trading platform, with a web-based interface for easy access anytime, anywhere.
- FXDD Malta Limited is a member of the Malta Investor Compensation Scheme , a rescue fund for customers of failed investment firms which are licensed by the Malta Financial Services Authority .
- The minimum deposit requirement with FXDD is 0, of course with a zero balance customers will not be able to open any trades.
- For accounts opened via FXDD Mauritius Ltd, there is no Negative Balance Protection.
Data supplied in partnership with CashBackForex – Forex Rebates places FXDD on the top 25 brokers for popularity with traders opening an account in 2020. Forex education – FXDD also gets extra popularity points fxdd broker review for their good range of Forex education materials, available through the Resources tab. FXDD clients can access market analysis and forecasts, with daily articles and expert market analyst’s comments.
FXDD holds client’s money separately to the company funds and does not use these funds for any operational expenses or purposes. Currently, FXDD trading accounts are available in USD, EUR, GBP, JPY, CHF and BTC. For this reason, FXDD client’s funds are kept in top-tier international investment banks, fully segregated from the company’s funds.
For accounts opened via FXDD Malta Limited there is a default NBP in place, protecting traders from any losses bigger than their original investments, in compliance with ESMA regulations. Fxverify is the first of it’s kind and only publishes user reviews by verified customers with a real FXDD trading account. Customer support – FXDD’s multi language customer support service is available 24 hours, 5 days a week, in 13 languages.
FXDD offers a good selection of more than 12,000 assets to trade, including Forex, indices, stocks, commodities and cryptocurrencies. FXDD Malta Limited is a member of the Malta Investor Compensation Scheme , a rescue fund for customers of failed investment firms which are licensed by the Malta Financial Services Authority . Deposit fees – Trading accounts can be opened in 6 different currencies and maintained via different funding methods, including cards, bank wires and e-payments such as Neteller and Unionpay. FXDD also complies with the client money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts.
To access the better trading conditions of the ECN , FXDD will charge a broker commission. With an ECN account, the standard lot commission for 1 lot is 6 USD commission (3.0 USD per side/per lot). We consider this commission to be quite in line with other top brokers. Trading with FXDD can be done via the Metatrader 4, Metatrader 5 available for desktop and mobile, FXDD’s own WebTrader and the FXDD Mobile App, available for Android and iOS.
The company also believes in educating traders, by giving away the resources needed to improve client’s trading experience and results. Overall, on our FXDD review, the broker scores 4.1 out of 5 as it is a good choice for traders looking for a reputable broker with safety of funds. On the downside, the protection offered by the Mauritius regulator https://forex-review.net/ is quite basic and that could scare-off many customers. Also, on the negative side, the overall cost of trading with FXDD is higher compared with other top brokers, with uncompetitive spreads and account related fees. Under the EU’s MiFID II , FXDD Malta Limited is approved to provide cross border services across the European Economic Area .