FXDD Review


FXDD is a well-established broker since 2002. FXDD has headquarter in Malta. It is are generally well-suited for FXDD to provide their Forex/CFD trading services to global clients.


This broker has also been regulated by FSC (Mauritius) C117017252 and MFSA IS/48817. Simple yet detailed information upon this broker can be seen below.


Company Information

Website
www.fxdd.com

Established
2002

Country
Malta

Regulation
FSC (Mauritius) C117017252
MFSA IS/48817

Features

Free education

PAMM accounts

Managed accounts

Vps

Account Information

This broker offers Mini, Standart and FXDD Trading. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FXDD is up to 1:30. Meanwhile, you can open an account with a starting capital of $250

If you want to look for further information about this broker's offered account(s), please take a look at the list below.


Minimum Deposit

$250

Maximum Leverage

1:30

Spread

Fixed


Minimum Deposit $250

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Instruments Traded

Besides lots of currency pair, FXDD also offers some instruments you would like to trade on, such as Forex for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:30


Minimum Deposit $2000

Minimum Position 1 lot

Spread Fixed

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Instruments Traded

Besides lots of currency pair, FXDD also offers some instruments you would like to trade on, such as Forex for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:30


Minimum Deposit $250

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Automated trading

Instruments Traded

Besides lots of currency pair, FXDD also offers some instruments you would like to trade on, such as Forex, CFD, Oil, Options and Metals for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:30

CFD
1:30

Oil
1:30

Options
1:30

Metals
1:30

Payment Methods

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

FXDD also provides paymen with Credit/debit cards and UnionPay

Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, FXDD offers you MetaTrader 4 (Limited with 90 days), Currenex Viking (Limited with 90 days), MirrorTrader (Limited with 90 days), ZuluTrade (Limited with 90 days), JForex (Limited with 90 days) and Swordfish (Limited wi.

Customer Support

Do you have any question or find any trouble related to FXDD? If you do, you should reach FXDD's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Arabic
Chinese
English
French
German
Japanese
Portuguese
Russian
Spanish
Turkish
Vietnamese

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

Established since 2002, FXDD (FXDirectDealer) tries to build and maintain a great trading environment and provide superior service for clients. They currently offer trading in 6 asset classes from their offices in Malta and New York.

The asset classes include 67 forex pairs, metals (gold, silver, and copper), energies (WTI Oil, Brent Oil, and natural gas), indices, cryptocurrencies, and stocks (Apple, Facebook, Amazon, Tesla, and many others).

When trading in FXDD, clients' fund is securely stored in a segregated bank account, existing separately from company funds. FXDD Malta holds and operates under the rules laid out by Malta Financial Services Authority (MFSA). Under the MiFID, the company is approved to provide cross border services across the European Economic Area (EEA).

FXDD provides clients with the benefit of Negative Balance Protection at its own cost, which means that any clients' trading losses cannot exceed the available funds in the clients' accounts and the client's accounts balances will never become negative.

They have 2 account types, including Standard Pricing and ECN Pricing. Standard Pricing provides clients with low spreads and no commissions. It uses market execution, but still leaves the potential for re-quotes. Meanwhile, their ECN Pricing offers clients access to ultra-low, direct raw spreads. On commission-based ECN accounts, there is a round-turn commission.

Furthermore, FXDD is holding as an innovative broker. The company provides its clients to enjoy a wide range of trading platforms, such as MetaTrader 4, MetaTrader 5, and WebTrader. Web-based versions and mobile applications are also available so that traders can access the financial markets anytime and anywhere.

Traders can choose platforms based on their needs. For fans instant execution and easy to use trading platform, MT4 is still capable of giving its best. In this platform, leverage is from 1:1 to 1:100 and expert advisors are fully supported. For retail traders, leverage is up to 1:30. And for professionals traders, maximum leverage is 1:100.

If traders want to get experience with more advanced trading technologies, MT5 can be the rightful choice. In this platform, traders can get improved charting tools, more pending order types, economic events, upgraded strategy tester, and many others. The average spread in MT5 is 0.2. Another type of platform is WebTrader. When compared to the two previous platform types, the difference in this platform is the average spread. It amounts to 1.2 pips and there are commissions.

To support traders' activity, FXDD offers online tools, including calculator, trading guides, custom price ticker, daily market analysis, video analysis, wave analysis, trading central, and many more. Traders can also join webinars to increase their trading knowledge.

FXDD offers a variety of methods for depositing and withdrawing funds quickly and easily. There are no fees for making a deposit and traders are free to withdraw their funds anytime. Diversity of payment methods are provided via Visa, Mastercard, Neteller, UnionPay, customer portal, and many others.

If traders are having trouble with a deposit or trading process, they can call the support team which is available 24 hours a day, or send a complaint by email and live chat.

Overall, FXDD offers clients a variety of platforms to use and educational tools. When viewed from leverage, this broker is more suitable for professional traders. But, FXDD's regulatory is weaker than most EU firms as it is regulated only by the Malta Financial Services Authority (MFSA).


Give Your Review and Rate This Broker



4 Reviews


Bart Dallas

Jul 22 2020

I just want to share my experience with this broker. When I put a buy stop (80 pips from the price at that time), I didn't 't know why the spread became wider. I sent a complaint to FXDD, but they answered that the spread did widen at that time. I got Loss so much, so I decided to move to another broker.

Bagoes H

Jul 22 2020

I've planned for trading at FXDD, but unfortunately, there is no deposit and withdrawal method by local banks. I then decided to postpone my first deposit until they provide various Indonesian local bank service facilities.

Velixia

Jul 22 2020

Gainscope has never received any Local Bank and FasaPay transfer. If the offshore broker can only take 1 minute for deposit or withdrawal, this bonafide Gainscope broker won't be like that.

Rockie Jr

Jul 22 2020

"Non slippage" is not true! There is slippage until 200pip (5digit) when news released. If you want to place an order, unfortunately, you can't though there is a balance. I will no more trade on FXDD!!