- Is FXDD safe or a scam?
- Trading Platform
- Deposits and Withdrawals conditions with a minimum deposit and withdrawal fee
What is FXDD?
FXDD is a Malta established financial services company that delivers vast investment opportunities to the retail, corporate and institutional clients. The ECN based technology provides a client with low spreads and no commissions, while the raw spreads and quotes received directly from the liquidity providers with ultra-low latency.
The company operated already 15 years in the business while serving over 350 thousand accounts with 7.3 trillion transacted volume. The available trading markets include execution of orders over Stocks, Commodities, Indices as well as Cryptocurrencies with Bitcoin, Ethereum, Litecoin and Ripple are now presented also.
Together with that, informative guides and the introduction into the trading for those who require so, the FXDD enables to start trading in the right direction by the educational support and materials. Moreover, the market analysis prepared by the in-house experts delivers daily insights into the global markets.
The customer support always remains on hand and put their experience to work with their clients closely, which is definitely a great advance for you as a trader.
Is FXDD safe or a scam?
FXDD Malta Limited as a part of the EU company that respectively complies with the law requirements in terms of the financial service companies and holds an Investment Service Category 3 License. This license is received and regulated by the Malta Financial Services Authority.
Being a European regulator the company therefore, is enabled to provide services within the EEA zone and is registered with the partner EU authorities, regulated by the MiFID.
Also, there is an additional entity of FXDD, which is registered by the offshore Mauritius, together with European legislation makes FXDD as a trustable partner.
Overall, the registration provides the compliance and safety management to the clients’ assets, while the security brought by the range of strict rules set by the authority rules and diverse to protect clients at every stage.
The FXDD choice of platforms offering loved by many manual or automated traders worldwide known MetaTrader with the possibility to open either Standard or ECN account. Furthermore, the offered platforms featuring both veteran MetaTrader4 and its newer version MetaTrader5, which not only a standard feature but is enhanced by the broker edition with optimized systems.
The platforms themselves designed for use through Windows, Mac, Web, iOS, Android devices.
In addition, the company offers to enhance the MT4 with VPS service that protects the platform from trailing stops, brings efficiency to run multiple strategies non-stop with lowered latency. The service provided for free to those who maintain a minimum deposit of 2,500$ and trades at least 5 standard lots per month, otherwise, you will be charged a fee of 30$, 40$ or 85$ (according to the VPS package level).
Another platform featured by the FXDD is the proprietary trading software with a web-based interface for easy access at any time and anywhere. The platform is a specialized feature for experienced traders with robust charting package and presents only ECN pricing model.
The company FXDD decided to offer two different account types based on the pricing models, thus the account types Standard and ECN available through both platforms MT4 and MT5.
Also, the Demo account of both types available immediately to the new company clients. Then, once the client sure about his expertise the registration of the live account follows easily and quickly.
Standard account pricing delivers low spreads with no commissions while there is no compromise on the high company standards of execution and service delivery. And trading with the ECN account you will get direct raw spreads with no markup, with just a commission cost per trade. The commission is typically 0.0299$ per 1,000 traded for major currencies, while other instruments are charged a bit higher – 0.0499$.
You may see some of FXDD Standard spread for popular instruments below, as well compare FXCC spread to another popular broker FXCC.
Also, always consider rollover or overnight fee as a cost, it is charged on the positions held longer than a day and defined by each instrument separately. Some of the examples you may also see above and check the most recent updated through FXDD platform.
As the majority of Forex brokers, FXCC also offers to use leverage, a powerful tool to increase the potential of gains through its possibility to multiple initial accounts balance. However, leverage should be used smartly as it increases the power of looses as well.
Leverage levels depending on the instrument you trade and defined by the regulatory restrictions together with your personal level of proficiency. So the available leverage allows to trade with increased level-up to 1:30, yet the professional traders may be entitled to higher leverage of 1:100.
The variety of methods to deposit or withdraw funds are delivered by the most convenient and safe payment methods. All transactions are requested by the customer portal, while the options include Credit/ Debit Cards through SafeCHarge, as well as UnionPay, Neteller, Skrill and Wire Bank transfers.
The amount which will allow you to transfer your Demo account to a live one is set to a convenient 100$ for both account types. However, always make sure to check on necessary margins for the particular instrument while trading.
Moreover, the company does not charge any fees for making the deposit, as well as of course you may withdraw funds at any suitable time, while FXDD will cover the costs of the first withdrawal each calendar month. Any further redemptions may result in additional 40$ truncation fee, while the minimum amount or is set to a 100$.
The FXDD Review is about the European based brokerage company that delivers investment opportunities to the client globally, with the support of different accounts, trading styles, tools and features. The level of the customer support along with the highest operational standards allows FXDD clients to invest smartly and head on to potential success.
The traders of any style can enjoy the best suitable platform along with the enlarged offering of trading conditions at the conflict-free environment with STP technology.
Yet, we would be happy to know your personal opinion about FXDD, you may share your experience in the comment area below, or ask us for some additional information if required.
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