FXDD Review

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).