FXDD
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Popularity | |
Leverage | 1:200 |
Minimum Deposit | $100 |
Regulation | MFSA, FCA |
Payment Methods | Bank Wire, Credit Card, Neteller, Skrill |
Trading Assets | Forex, Metals, Energy, Indices |
MT4 | ✅ |
MT5 | ❌ |
Spreads | Low |
Average cost: EUR/USD | 0.7 pips |
Demo Account | ✅ |
Islamic Account | ✅ |
MAM | ✅ |
PAMM | ❌ |
CopyTrading | ✅ |
ZuluTrade | ❌ |
Scalping | Yes |
Signals | ✅ |
EAs/Robots | Available |
Negative Balance Protection | Yes |
Deposit Fee | ❌ |
Withdrawal Fee | ❌ |
Inactivity Fee | Yes, after 90 days |
Year Established | 2002 |
Address | K2, First Floor, Forni Complex, Valletta Waterfront, Floriana, FRN 1913, Malta |
Contact Information | Email: [email protected], Phone: +1 212 461 7180 |
Mobile Trading APP | |
Rating | ★★★★☆ 4,4 |
Website |
Pros and Cons
- Regulated by multiple authorities
- Wide range of trading assets
- No deposit or withdrawal fees
- Support for MT4 and various trading tools
- Negative balance protection
- MT5 platform not supported
- Inactivity fee after 90 days
- Limited educational resources
- No support for cryptocurrencies
- Copy trading limited to certain regions
Introduction
FXDD, a prominent figure in the online trading community, provides a gateway to the dynamic world of forex trading, along with a spectrum of other financial instruments.
This review endeavors to furnish traders with a deep dive into their services, examining its regulatory credentials, diverse asset offerings, user-centric trading platforms, and the overall trading environment it cultivates.
With a focus on transparency, innovation, and trader empowerment, FXDD aims to position itself as the broker of choice for traders at all levels of experience.
Open a free accountRegulation and Safety
Regulatory Bodies and Compliance
In the realm of online trading, regulation and compliance are paramount.
FXDD’s adherence to stringent regulatory standards is a testament to its commitment to trader safety and ethical business practices.
Regulated by the Malta Financial Services Authority (MFSA) and the Financial Conduct Authority (FCA) in the UK, the company operates under some of the most respected regulatory bodies in the industry.
These affiliations not only underscore the broker’s dedication to maintaining high operational standards but also provide traders with a layer of security and peace of mind.
Safety Measures and Fund Protection
FXDD places a premium on the safety of client funds.
The broker employs a multi-faceted approach to safeguard investors’ capital, including the segregation of client funds from the company’s operational assets.
This ensures that client investments are not used for any other purpose and are available for withdrawal upon request.
Furthermore, it participates in investor compensation schemes, which offer an additional safety net, protecting clients in the unlikely scenario of financial instability or insolvency of the broker.
Trading Instruments
A diverse portfolio is crucial for risk management and capitalizing on market opportunities.
FXDD understands this, offering a wide array of trading instruments across various asset classes:
- Forex: The cornerstone of its offerings, the forex market presents traders with a plethora of currency pairs ranging from the major, like EUR/USD and USD/JPY, to more exotic pairs. This diversity allows traders to strategize across different markets, leveraging fluctuations in global economies.
- Metals: Precious metals like gold and silver are not just safe havens during turbulent times but also significant commodities for speculative trading. FXDD provides competitive conditions for trading these assets, appealing to both long-term investors and short-term traders.
- Energy: With the global economy’s pulse often mirrored in energy markets, trading oil and gas can offer insightful exposure to geopolitical and economic events. The broker grants access to these volatile markets, presenting more avenues for astute traders to explore.
- Indices: Stock indices like the S&P 500, Dow Jones, and NASDAQ are barometers of economic health and sentiment. Trading indices through FXDD allows traders to engage with broader market trends without the need to analyze individual stocks.
Trading Platforms and Tools
MetaTrader 4 (MT4)
Recognized universally for its robustness and versatile features, MT4 stands as the platform of choice for many traders, and FXDD’s integration of this platform ensures users have access to top-tier trading tools.
Features include:
- Advanced charting and analysis tools
- A wide range of technical indicators and graphical objects
- Automated trading through Expert Advisors (EAs)
- Customizable interface and real-time market execution
WebTrader
For those seeking immediacy and convenience, WebTrader offers a no-download, browser-based trading solution.
Key features include:
- Compatibility with any operating system
- Real-time quotes and seamless execution
- Full account management capabilities
- Integrated news and market analysis
Mobile Trading
In today’s fast-paced world, mobile trading is not just an option but a necessity.
Their mobile apps ensure traders can stay connected to the markets, manage their accounts, and execute trades from anywhere in the world.
The apps feature:
- Intuitive design for easy navigation
- Full trading functionality, including order placement and account management
- Real-time charts and news
- Secure encryption protocols to safeguard user data
Account Types
FXDD’s commitment to catering to a broad spectrum of traders is evident in its varied account offerings, each designed with specific trader needs in mind:
- Standard Account: This account type is ideal for both novice and experienced traders, offering a balance between competitive spreads and access to all the trading instruments and platforms.
- ECN Account: Targeted at more seasoned traders, the ECN account provides direct access to market prices and liquidity, with tighter spreads and a commission-based structure.
- Islamic Account: Adhering to Sharia law, these swap-free accounts eliminate interest charges on overnight positions, making them suitable for traders who require compliance with Islamic finance principles.
Spreads and Fees
Understanding a broker’s cost structure is crucial for traders in managing their trading expenses.
FXDD maintains transparency in its pricing, with competitive spreads and a clear fee policy:
- Spreads: It offers low spreads, starting from as low as 1.2 pips on major forex pairs, facilitating cost-effective trading.
- Fees: The broker prides itself on its straightforward fee schedule, with no hidden charges. All potential costs, including swap fees for holding positions overnight, are clearly delineated on their website.
Customer Support
At the heart of a broker’s service offering lies its customer support, a critical aspect that can significantly influence a trader’s experience.
FXDD shines in this domain through:
- Accessibility: Customer support is available 24/5, aligning with global trading hours to ensure traders can receive assistance whenever the markets are open.
- Multilingual Support: Catering to a global clientele, it offers support in multiple languages, ensuring effective communication and resolution of queries.
- Multiple Channels: Traders can reach out via live chat for instant assistance, email for more detailed inquiries, or phone for direct communication, providing flexibility in how support is accessed.
- Quality and Responsiveness: FXDD’s customer service team is not only accessible but also knowledgeable and responsive, ensuring traders’ issues and queries are addressed promptly and effectively.
Education and Resources
Empowering traders with knowledge and insights is key to fostering informed trading decisions.
The broker’s comprehensive educational suite includes:
- Webinars: Regularly scheduled online seminars delve into various trading topics, from introductory concepts to advanced strategies, led by industry experts.
- E-books and Guides: A library of written materials offers in-depth exploration of trading fundamentals, market analysis techniques, and risk management practices, catering to both beginners and experienced traders.
- Market Analysis: FXDD provides timely and insightful analysis of market trends, economic events, and technical setups, aiding traders in developing informed trading strategies.
Conclusion
In the vast sea of online brokers, FXDD distinguishes itself through its strong regulatory framework, diverse trading offerings, and commitment to trader education and support.
By providing a robust trading environment, competitive conditions, and comprehensive resources, it caters to the needs of traders at all levels of experience.
Whether you’re new to trading or looking to diversify your trading strategies, FXDD presents a compelling option worthy of consideration.
Visit official website: www.fxdd.comUser Reviews
Video: FXDD Platform Overview
Frequently Asked Questions (FAQ)
What is the minimum deposit required to open an account?
The minimum deposit required is $100.
Is FXDD regulated?
Yes, the broker is regulated by the Malta Financial Services Authority (MFSA) and the Financial Conduct Authority (FCA) in the UK.
Does FXDD offer a demo account?
Yes, it offers a demo account for traders to practice trading strategies without risking real money.
What trading platforms does FXDD support?
The broker supports the MetaTrader 4 (MT4) platform, but does not currently support MetaTrader 5 (MT5).
Are there any fees for deposits and withdrawals?
FXDD does not charge any fees for deposits or withdrawals. However, your payment provider may impose transaction fees.
Can I trade cryptocurrencies?
No, FXDD does not currently offer cryptocurrency trading.
What types of accounts are available?
FXDD offers several account types, including Standard, ECN, and Islamic swap-free accounts.
Resources
Our experts
This article has been written, edited and reviewed by the following members of our team:
Last update: April 27, 2024