FXDD is a well-established broker since 2002. FXDD has a 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.


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

Apart from the forex demo account, this broker offers Mini and Standart. 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.

pin

Minimum Deposit

$250

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Maximum Leverage

1:30

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Spread

Fixed

If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:



Minimum Deposit $250

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, FXDD also offers some instruments you would like to trade on, such as Forex, Gold & silver, Oil, Stocks, Indexes 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.

As for Mini account, FXDD specifically provides it with the following instruments and leverage:


Forex

Forex
1:30

Gold & silver

Gold & silver
1:20

Indexes

Indexes
1:10

Metals

Metals
1:20


Minimum Deposit $2000

Minimum Position 1 lot

Spread Fixed

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, FXDD also offers some instruments you would like to trade on, such as Forex, Gold & silver, Oil, Stocks, Indexes 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.

As for Standart account, FXDD specifically provides it with the following instruments and leverage:


Forex

Forex
1:30

Gold & silver

Gold & silver
1:20

Indexes

Indexes
1:10

Metals

Metals
1:20

Payment Methods

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.

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.

FXDD also provides payment 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), MetaTrader 5 and FXDD Trader (Limited with 90 days).

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 in 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 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 calculators, 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, registering in FXDD would give clients the opportunity of trading with a variety of platforms 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).




FAQ About FXDD


Is FXDD a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if FXDD is a good broker for you or not by reviewing the criteria. In general, FXDD provides trading service in Forex , Gold & silver , Oil , Stocks , Indexes and Metals . As for the payment methods, you can choose between Credit/debit cards, Neteller, UnionPay and Wire transfer. The customer support is available via Email, Live chat and Phone.


What is the minimum deposit for FXDD?

The starting capital in FXDD is $250.


Is FXDD regulated?

FXDD is regulated by FSC (Mauritius) C117017252 and MFSA IS/48817. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is FXDD legit?

FXDD is a brokerage company offering trading services for clients since 2002 with offices in Malta.


Give Your Review and Rate This Broker


These aspects are optional but will determine your review's reliablity


24 Reviews

Kelly Ahn
United States Aug 10 2020
This review is not supported by evidence

Terrible customer service in every way. I had so many problems with them in so many ways. They did process my first and last withdrawal quickly.

Harrison
United States Aug 8 2020
This review is not supported by evidence

After 5 years, I quit this broker. Spreads widen significantly for end of day trading and this started two months ago. Starts widening 30 minutes prior to new daily bar. Found stops hit when price not near. This is so frustating. Good bye.

Camilla
United States Aug 7 2020
This review is not supported by evidence

These people are thieves! They have closed my trades out siting "margin requirements" when there was no problem with the equity in the account ($20k in the acct)! After reading the rest of the reviews, I can't wait to get my money out of there!

User0067
United States Aug 6 2020
This review is not supported by evidence

I opened bonus account no deposit $250. Then I made $70, but they close my account. Don't put your real money here.

Gerrard
United States Aug 6 2020
This review is not supported by evidence

They don't give back my money. Customer service is really bad. Don't trust this broker.

Jeremy
United States Aug 5 2020
This review is not supported by evidence

Their negative balance protection is a big lie!!! Don't trust this broker.

Charlinton
United States Aug 5 2020
This review is not supported by evidence

The worst is their dealing desk who constantly were closing my positions. Even after I gave them all evidence and screenshots they would never admit it.

Dennis
United States Aug 4 2020
This review is not supported by evidence

I notice the big change in this broker after some years. Slower quotes stop losses been hit when they shouldn't taken into positions when the market hadn't reached my entry. Asked them to refund my loss. Still waiting. Beware of these people. I am changing my broker.

Rayandra
United States Aug 3 2020
This review is not supported by evidence

Although this year seems to be a bit worse in all aspect due to the recent Covid-19 outbreak, however it's somehow gearing up to be the year of bitcoin which has been favorable for the bulls by finding a very good support at $9,000 support region. Nevertheless, making money from bitcoin trading still depends on getting involved in day trading which is properly backed by a working strategy/daily signals in order to be successful.

Bystanders
United States Aug 1 2020
This review is not supported by evidence

Please avoid FXDD at all cost. The only return you ever get is from your minimum/initial deposit, which was a minute amount compared to what I invested in the latter. It's a really terrible firm and their support system is nothing to talk about.

Robert Hans
United States Jul 31 2020
This review is not supported by evidence

I was very very disappointed with this broker. Really, they just wanna steal your money. Rubbish broker. I can't access my account without any reason.

Sania
United States Jul 31 2020
This review is not supported by evidence

Broker FXDD Europe not once violate the rules on conclusions. Online support does not resolve the problem. On the sales letter doesn't answer and ignores. So far it has been 10 days as applied to the output. Still can't get my money in the Bank. Therefore I do not recommend the moment to work with them.

User4005
United States Jul 30 2020
This review is not supported by evidence

Asian traders should be careful with this broker. Since for Asia regiaon, FXDD is run by FXDD Global. They have a little credibility and proved to be scam. Just be careful everyone.

Nandia
United States Jul 30 2020
This review is not supported by evidence

This broker is a scam. I don't have any access to my earnings even after more than 2 months. The case was already sent to MFSA and NFA.

Christian
United States Jul 30 2020
This review is not supported by evidence

What they claim to be "you may lose even all your investment" in the first risk disclosure suddenly change to "your loses may exceed your deposits". This broker is a total scam. Please be careful.

Kkkey
United States Jul 29 2020
This review is not supported by evidence

FXDD is a total scam. They are not lisenced on BMA. That is a false claim. Please check it again before you invest your money on this broker.

Maria
United States Jul 28 2020
This review is not supported by evidence

Some pending orders do not execute when they have to and can not be deleted. They said to be "off quotes" all the time. So frustating.

Bamara
United States Jul 28 2020
This review is not supported by evidence

They keep closing my position. I understand that they are dealing desk broker but they take it too much. They never admit even when I give them the evidence. I have no problem with withdrawal process or they customer service.

Mxbeta
United States Jul 26 2020
This review is not supported by evidence

They have such a difficult withdrawal process. They denied my official form, because they required additional information for intermediary bank, which is so weird, unusual, and suspicious. Glad I only invest a little money on them.

Samuel John
United States Jul 25 2020
This review is not supported by evidence

This is riddiculus. They asked me to give photo ID in order to withdraw some funds. That's so weird and unpleasant experience for me.

Bart Dallas
France Jul 22 2020
This review is not supported by evidence

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
Ukraine Jul 22 2020
This review is not supported by evidence

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
Ukraine Jul 22 2020
This review is not supported by evidence

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

Rockie Jr
Malaysia Jul 22 2020
This review is not supported by evidence

"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!!