FXDD: Experience Meets Innovation
FXDD stands out as a reliable broker with over 20 years in the financial industry, regulated by multiple jurisdictions including FSC and MFSA. It offers a diverse range of trading assets like CFDs, cryptocurrencies, forex, stocks, and more. Its appeal lies in its award-winning service, comprehensive educational resources, and robust regulatory framework, making it a preferred choice for traders seeking a blend of experience and innovation in trading.
Expert Reviewer Verdict
FXDD, with its 20+ years in the financial industry, appeals to both novice and seasoned traders seeking a blend of reliability and innovation. Its multi-jurisdictional regulation, including oversight by the FSC and MFSA, ensures robust compliance and security. The broker offers a broad spectrum of trading instruments, including over 90 forex pairs, stocks, commodities, and indices, making it ideal for traders looking to diversify their portfolios.
Additionally, FXDD provides valuable educational resources like Autochartist and market insights, enhancing traders’ strategies. However, its educational section could be further improved for beginners. With responsive, multilingual customer support and a variety of account types, FXDD stands out for its comprehensive service and commitment to trader success.
Pros and Cons
Pros
- Over 20 Years in Finance
- Award-Winning Reliability
- Comprehensive Educational Tools
- Multi-Jurisdictional Regulation
- Variety Of Trading Instruments
Cons
- Limited Beginner Education
- $100 Min. Withdrawal Limit
- Withdrawal Fee Structure
- Inactivity Administrative Charge
- Specific Target Audience Focus
Trust and Safety
FXDD: Secure & Trustworthy Trading
FXDD establishes trust and security for its users through a robust regulatory framework and stringent measures against fraud. The broker is regulated by several financial authorities, including the FSC, ensuring adherence to international standards of financial practice and ethical conduct. This multi-jurisdictional regulation underscores FXDD’s commitment to maintaining a secure and trustworthy trading environment. In addition to holding a license from the Financial Services Commission (FSC), FXDD is authorized to conduct investment services by the Malta Financial Services Authority (MFSA) and operates under the regulatory framework of MiFID (Markets in Financial Instruments Directive).
To prevent fraud, FXDD has implemented segregated accounts for funds. This means clients’ funds are kept separate from the company’s operating funds, providing an additional layer of security. This segregation is crucial in safeguarding clients’ investments against misappropriation and ensuring that their capital is not used for any purpose other than their intended trades.
Moreover, FXDD offers negative balance protection, an important feature that prevents clients from losing more than their deposited amount. This is particularly significant in volatile markets, as it ensures that traders do not end up owing money to the broker. Additionally, the broker has an Investor Compensation Scheme, along with a Refund and Cancellation Policy, further reinforcing their commitment to client fund security.
Through these measures, FXDD has established itself as a reliable and secure option for traders, prioritizing the safety of their investments and maintaining high standards of regulatory compliance.
|
Regulatory Body |
Status |
|
ASIC |
No |
|
CySEC |
No |
|
DFSA |
No |
|
EFSA |
No |
|
FCA |
No |
|
FMA |
No |
|
FSA (SC) |
No |
|
FSCA |
No |
|
FSC |
Yes |
|
JFSA |
No |
|
MAS |
No |
|
MiFID |
Yes |
|
MFSA |
Yes |
Tradable Instruments
FXDD: Diverse Trading Options
FXDD offers an extensive range of trading instruments, catering to a variety of trading preferences and strategies. The broker provides a diverse selection, ensuring that traders have access to multiple markets for a well-rounded trading experience.
Commodities: FXDD allows trading in commodities, giving traders the opportunity to engage with essential goods like oil, gold, and agricultural products. This market is crucial for those interested in diversification or hedging against inflation.
Currencies: The broker offers a wide array of currency trading options. With over 90 forex pairs, including major, minor, and exotic pairs, FXDD is well-suited for forex enthusiasts.
Cryptocurrencies: Recognizing the growing interest in digital assets, FXDD provides options for trading in cryptocurrencies, enabling traders to explore this dynamic market.
ETFs: Traders have the opportunity to trade in ETFs, which can be a valuable addition to any trading portfolio, offering diversification and different investment strategies.
Futures: FXDD also offers futures trading, allowing speculation on the future prices of assets, an attractive option for those looking to hedge or leverage market forecasts.
Indices and Stocks: The broker provides trading options in various indices and stocks, enabling traders to speculate on the performance of market segments or invest in individual companies.
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
Yes |
|
ETF |
Yes |
|
FUTURES |
Yes |
|
INDICES |
Yes |
|
STOCKS |
Yes |
|
BONDS |
No |
|
OPTIONS |
No |
FXDD’s diverse range of trading instruments ensures that traders have ample opportunities to diversify their portfolios and engage with different markets as per their trading style and goals.
Account Types
FXDD: Accounts for Every Trader
FXDD offers a range of account types to accommodate the diverse needs of its clients, ranging from beginners to seasoned professionals.
The broker provides a Demo Account, which is a valuable tool for beginners or those new to FXDD’s platform. This account type allows users to practice trading strategies in a risk-free environment using virtual funds. It’s an excellent way for new traders to gain experience and confidence before transitioning to real trading.
For traders who adhere to Islamic finance principles, FXDD offers an Islamic Account option. This type of account complies with Sharia law, ensuring that traders can participate in the financial markets without compromising their religious beliefs.
Segregated Accounts are also available, ensuring that clients’ funds are kept separate from the broker’s own funds. This is a significant feature that offers an additional layer of security, protecting clients’ investments.
FXDD also caters to more experienced traders with options for Managed Accounts. These accounts are suitable for those who prefer to have their portfolios managed by a professional, allowing them to benefit from expert trading strategies and market insights.
The platform is designed to be Suitable for Beginners and Professionals alike, offering various tools and resources to support traders at all levels of experience. However, it’s important to note that FXDD does not cater to US Traders.
|
Account Type |
Available |
|
DEMO ACCOUNT |
Yes |
|
ISLAMIC ACCOUNT |
Yes |
|
SEGREGATED ACCOUNT |
Yes |
|
MANAGED ACCOUNT |
Yes |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
No |
Commission and Fees
FXDD: Fair and Transparent Fees
FXDD maintains a transparent and competitive fee structure that caters to various trading preferences and strategies.
Account Minimum
FXDD requires a minimum account deposit of $100, making it accessible for a wide range of traders, from beginners to experienced.
Trading Fees
The broker offers two account types – Premium/ECN and Standard. The Premium/ECN account features low spreads with a small commission fee, while the Standard account operates on a spread-only basis.
CFD Fees
FXDD charges fees for CFD trading, detailed in its spreads and swaps documentation. Traders can access this information on the FXDD website to understand the specific costs associated with CFD trading.
Forex Fees
For forex trading, FXDD implements a fee structure through spreads and swaps. Detailed information on these fees is available on their website, allowing traders to plan their forex trading strategies accordingly.
Futures Fees
Similar to forex and CFDs, futures trading at FXDD involves fees, primarily in the form of spreads and swaps.
Account Fee
FXDD provides comprehensive information on any applicable account fees on its website, ensuring transparency for all traders.
Inactivity Fee
The broker charges a $30 inactivity administrative charge if no trading activity occurs within 90 days. However, inactivity fees can vary depending on the entity.
Deposit Fee
FXDD does not charge any fees for deposits, although third-party providers or banks might impose their own fees.
Withdrawal Fee
Withdrawal fees at FXDD are applicable for amounts below $100 and for multiple withdrawals within a month. The broker allows one free withdrawal per month, with a $40 fee for subsequent withdrawals.
Overnight Funding Fee
Overnight positions at FXDD incur swaps charges, a standard practice for positions held open past the daily closing time.
Guaranteed Stop Order Fee
Information regarding fees for guaranteed stop orders is not provided, suggesting they might not be applicable or offered.
FXDD’s fee structure is designed to cater to a diverse range of trading styles, ensuring transparency and competitiveness in its pricing.
Trading Platforms
FXDD: Versatile Trading Platforms
FXDD offers a comprehensive range of trading platforms, catering to the needs of diverse traders and ensuring a seamless trading experience across various devices.
Mobile Trading Apps
For traders who prefer the convenience of trading on the go, FXDD provides mobile trading applications compatible with both Android and iOS platforms. These apps offer full trading functionality, allowing users to manage their accounts, execute trades, and analyze markets from anywhere, at any time.
Web Trading Apps
FXDD’s Web Trading Platform is accessible directly from web browsers, offering flexibility and ease of use without the need to download or install any software. This platform is ideal for traders who prefer quick access from different devices and locations.
Desktop Trading Apps
For those who prefer trading on desktops, FXDD supports both Windows and Mac operating systems, ensuring a robust and comprehensive trading experience. These desktop platforms are known for their stability and a wide array of features, catering to both beginner and professional traders.
|
Trading Platform |
Available |
|
MT4 |
Yes |
|
MT5 |
Yes |
|
CTRADER |
No |
|
PROPRIETARY |
Yes |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
|
DESKTOP MAC |
Yes |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Unique Features
FXDD: Unique Trading Experience
FXDD distinguishes itself in the online trading world with several unique features that cater to a diverse clientele. A key aspect of its uniqueness is the variety of trading instruments it offers. With over 1000 traded assets including CFDs, cryptocurrencies, ETFs, futures, indices, and stocks, FXDD provides traders with an extensive selection to diversify their portfolios.
Additionally, FXDD is a well-known and multi-jurisdictionally regulated broker, ensuring a high level of trust and compliance. The broker also stands out for its multi-lingual and responsive customer support, ensuring effective communication with a global client base. Moreover, FXDD offers valuable educational resources, including a dedicated blog, technical analysis tools, market news, and Autochartist for comprehensive market insights.
This commitment to education and market analysis is particularly beneficial for both beginners and experienced traders, enhancing their trading strategies and market understanding.
Research and Education
FXDD: Empowering Through Education
FXDD places a strong emphasis on research and education, providing its clients with a range of tools and resources to enhance their trading knowledge and skills. The broker’s dedication to education is evident in its comprehensive offerings that cater to both novice and experienced traders.
One of the key educational resources is the FXDD Blog, which offers daily summaries and analysis of forex pairs, utilizing tools like TraderMade and providing practical trading strategies. This resource is invaluable for staying updated with market trends and understanding currency pair performances. Additionally, FXDD offers MetaTrader 1-Minute Data, allowing traders to research and analyze currency pair performance in depth.
Autochartist, another significant tool provided by FXDD, offers trading signals, thorough market analysis, and identifies potential trading strategies. It comes equipped with technical analysis, market news, educational content, and more, making it an essential tool for informed trading decisions. Furthermore, the economic calendar provided by FXDD gives traders an overview of all economic events that can impact financial markets, aiding in strategic planning.
Through these varied educational and research tools, FXDD empowers its clients to develop a more nuanced understanding of the financial markets and refine their trading strategies.
Customer Support
FXDD: Reliable Customer Support
FXDD demonstrates a strong commitment to customer support, ensuring that its clients receive comprehensive assistance tailored to their needs. The broker offers a variety of support channels, including live chat, email, phone, and an online form, providing multiple avenues for clients to seek help.
This multi-channel approach caters to different preferences, whether clients require immediate assistance through live chat, detailed inquiries via email, or direct communication through phone calls.
Customer service is available 24/5 via phone, email or live chat. FXDD’s dedication to offering responsive, multi-lingual customer service highlights its commitment to addressing the diverse needs and concerns of its global client base, contributing significantly to a positive and supportive trading experience.
Account Opening
Seamless Start with FXDD
Starting your trading journey with FXDD is straightforward and user-friendly.
Registration: The process begins with a simple click on the ‘Start Trading’ button on FXDD’s website. Prospective clients choose their preferred account type and proceed to fill in the individual or corporate account application, which is designed to be intuitive and efficient.
Verification: After completing the application, FXDD requires clients to undergo a verification process. This step is crucial for security and regulatory compliance and involves confirming the identity of the client. It’s a standard procedure in the financial services industry, aimed at preventing fraud and ensuring the safety of all parties involved.
Document Upload: As part of the verification process, clients must upload a valid government-issued photo ID, such as a Passport, National ID Card, or Driver’s License. Additionally, a proof of residence document issued within the last 3 months, like utility bills or bank statements, is required.
With these steps, FXDD ensures a secure and compliant environment right from the start, making account opening both secure and accessible.
Deposit and Withdrawals
Efficient Financial Management with FXDD
Managing funds with FXDD is streamlined for user convenience.
Deposits: FXDD accommodates a range of deposit methods including bank wire, credit/debit cards, and various e-wallets like Neteller, Skrill, and others. The broker ensures that no deposit fees are charged by FXDD, although third-party providers or banks might have their own fees.
This flexibility in deposit methods caters to the diverse preferences of its global client base.
Withdrawals: Withdrawals at FXDD are processed in the same business day, taking up to 24-48 hours to ensure completion. The broker has set a minimum withdrawal amount of $100 for bank wire transactions, and withdrawals below this amount incur a $25 fee. Each client is entitled to one free withdrawal request per month, with a $40 fee for subsequent withdrawals within the same month.
FXDD’s approach to deposits and withdrawals reflects its commitment to providing a smooth and efficient trading experience for its clients.
Final Thoughts
FXDD emerges as a robust choice in the realm of online trading, catering to a wide range of traders with its diverse offerings and reliable services. Its 20+ years in the financial industry, marked by multiple awards and a flawless record, testify to its commitment to excellence and reliability. The broker’s extensive range of trading instruments, coupled with its educational resources and advanced trading platforms, positions it well for both novice and experienced traders.
The multi-jurisdictional regulation, including oversight by the FSC, adds a layer of trust and security, making it a dependable choice for traders. While there is room for improvement in the educational section for beginners, FXDD’s overall package of responsive customer support, comprehensive trading tools, and flexible account options make it a compelling option in the competitive world of online trading.
Contact Info
Trident Park, Notabile Gardens, Nos. 6&7 – Level 4, Mdina Road, Zone 2, Central Business District, Birkirkara CBD 2010, Malta.
FAQs
-
Question: What Trading Platforms Does FXDD Offer?
Answer: FXDD provides the popular MT4 and MT5 platforms, along with its proprietary FXDD Mobile and FXDD WebTrader platforms, catering to a variety of trading preferences. -
Question: Is FXDD Regulated?
Answer: Yes, FXDD is regulated by multiple authorities, including the FSC, ensuring adherence to high standards of financial practice and ethical conduct. -
Question: What Types Of Accounts Can I Open With FXDD?
Answer: FXDD offers both Premium and Standard account types, along with options for Demo, Islamic, Segregated, and Managed accounts, making it suitable for a wide range of traders. -
Question: Are There Educational Resources Available At FXDD?
Answer: Yes, FXDD offers extensive educational resources including the FXDD Blog, MetaTrader 1-Minute Data, Autochartist, and an economic calendar, providing valuable insights and analysis tools.
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