FXDD is a well-established broker since 2002. FXDD has headquarters in Malta and Mauritius. FXDD to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by MFSA IS/48817 and FSC (Mauritius) C117017252.
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).
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.
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
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 UnionPay and Credit/debit cards
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).
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:
FAQ About FXDD
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 Wire transfer, Credit/debit cards, Neteller and UnionPay. The customer support is available via Email, Phone and Live chat.
The starting capital in FXDD is $250.
FXDD is regulated by MFSA IS/48817 and FSC (Mauritius) C117017252. 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.
FXDD is a brokerage company offering trading services for clients since 2002 with offices in Malta and Mauritius.