- FXDD Pros and Cons
- Is FXDD safe or a scam?
- Deposits and Withdrawals
- Trading Platform
Our Review Method
- 55Brokers Financial Experts with over 10 years experience in Forex Trading check trading offering, fees, platforms, verified regulations, contacted customer service and placed traders to see trading conditions and give expert opinion about FXDD
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.
FXDD Pros and Cons
FXDD is a regulated broker with low risk trading, good platform selection with research and instruments range including Cryptos. The pricing is either built in spread or commission basis.
For negative side, education is rather basic and Standard account spreads are high. And the range of market is limited to FX and CFDs
|Good regulation||No comprehensive education|
|Good reputation and reviews from traders||Conditions vary according to regulations|
|Low commission trading fees||International proposal performed through offshore branch|
|Global expand including Australia, Asia, MENA, Africa regions and Europe||No 24/7 support|
|Good technical solution|
FXDD Review Summary in 10 Points
|🗺️ Regulation||MFSA, FSC|
|📉 Instruments||Stocks, Commodities, Indices, Cryptocurrencies Bitcoin, Ethereum, Litecoin and Ripple|
|🖥 Platforms||MT4, MT5, FXDD WebTrader|
|💰 EUR/USD Spread||1.9 pips|
|🎮 Demo Account||Provided|
|💰 Base currencies||EUR, USD|
|💳 Minimum deposit||100$|
|📚 Education||Educational support and materials, daily insights into the global markets|
|☎ Customer Support||24/5|
Overall FXDD Ranking
Based on conducted research by our financial experts, we find FXDD a reliable broker with a good reputation and competitive conditions for Forex and CFD trading. One of the broker’s distinguishing points is global coverage, as well as ultra-low spreads starting from 0.0 pips. The only shortcoming is the lack of proper educational resources which makes it less preferable among beginner traders.
- FXDD Overall ranking is 8.2 out of 10 based on our testing and compared to over 500 brokers. Have a look at our ranking below in comparison with other industry-leading brokers
|Advantage||Low Spreads||Education||Real Stocks|
FXDD Alternative Brokers
Despite all the benefits and great conditions, our experts noted the lack of comprehensive education driving beginner traders away. Besides, the broker doesn’t provide cryptocurrency trading, also the international proposal is performed through the offshore branch. Here have a look at the selection of alternative broker reviews:
- Interactive Brokers – Excellent Broker for Cryptocurrency Trading
- HFM – Good Collection of Educational Resources
- BalckBull Markets – Excellent for High Leverage trading
Is FXDD safe or scam?
No, FXDD is not a scam is a regulated broker with low-risk trading. The broker is regulated by the Malta Financial Services Authority.
Is FXDD regulated?
Yes, FXDD Malta Limited is 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 offshore Mauritius, together with European legislation makes FXDD a trustable partner.
Overall, the registration provides compliance and safety management to the client’s assets, while the security brought by the range of strict rules set by the authority rules and diverse to protect clients at every stage.
See our conclusion on FXDD Reliability:
- Our Ranked FXDD Trust Score is 8.4 out 0f 10 for good reputation and service over the years. The broker is backed up by a range of top-tier licenses and offers a compensation scheme in case of money loss. The only point is that the condition may vary from one jurisdiction to another
|FXDD Strong Points||FXDD Weak Points|
|Multiply regulated broker with a strong establishment||Regulatory standards and protection vary based on entity|
|Multiple licenses in various regions|
|Global expands including Asia, MENA, Africa regions|
|Negative Balance protection|
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 losses as well.
FXDD Leverage levels depend on the instrument you trade and are 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 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.
|Fast digital account opening||Account types and proposal may vary according to jurisdiction|
|The proposal between Accounts based on spread only or based on commission|
|Low minimum deposit|
The company mission at the beginning and until now has been facilitating investors’ access to the global markets with a range of trading instruments including over 600,000 financial assets Forex, indices, stocks, Metals and Energies.
- Windsor Markets Range Score is 8.6 out 0f 10 for good trading instrument selection, yet the only gap that the broker offers is mainly CFDs and Forex Instruments, and the availability of certain assets depends on the entity you are registered in
FXDD Standard account pricing delivers low spreads with no commissions while there is no compromise on the high company standards of execution and service delivery. ECN Account fees are based on the comision and volumes traded. But overall, Fees consistant of Funding Feess, Spread, Comissions are quite favorable.
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.
- FXDD Fees are ranked low with overall rating 7 out of 10 based on our testing and compared to over 500 other brokers. Fees might be different based on entity offering, see our finds of fees and pricing in the table below, however FXDD overall fees are considered good.
|Fees||FXDD Fees||Key to Markets Fees||SquaredFinancial Fees|
FXDD Spreads depending on the accounts type, you may see some of FXDD Standard spread for popular instruments below, while we marked it higher than average for Forex instruments.
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$. Compare FXCC spread to another popular broker FBS.
- FXDD Spreads are ranked low with overall rating 7 out of 10 based on our testing comparison to other brokers. We found Forex spread on average and higher for Forex instruments
|Asset||FXDD Spread||Key to Markets Spread||SquaredFinancial Spread|
|EUR USD Spread||1.9 pips||0.4 pips||1.1 pips|
|WTI Crude Oil Spread||5||3||3|
The variety of methods to deposit or withdraw funds are delivered by the most convenient and safe payment methods. All transactions are requested by the customer portal, while the options include Credit/ Debit Cards through SafeCHarge, as well as UnionPay, Neteller, Skrill and Wire Bank transfers.
- FXDD Funding Methods we ranked Excellent with overall rating 8 out of 10. Minimum deposit is among average in industry, yet Fees are either none or very small also allowing to benefit from various account based currencies, yet deposit options vary on each entity
Here are some good and negative points for FXDD funding methods found:
|FXDD Advantages||FXDD Disadvantages|
|Fast digital deposits, including Neteller, and Credit Cards||Methods and fees vary in each entity|
|Multiple Account Base Currencies|
|0$ deposits and free withdrawals|
|Withdrawal requests confirmed 12-24 hours|
FXDD minimum deposit
The minimum amount for FXDD is 100$ for both account types, which will allow you to transfer your Demo account to a live trading account. However, always make sure to check on necessary margins for the particular instrument while trading.
FXDD minimum deposit vs other brokers
|FXDD||Most Other Brokers|
FXDD does not charge any fees for making the deposit, as well as you may withdraw funds at any suitable time, while FXDD withdrawal options including Bank wire and Cards, also broker 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$.
FXDD choice of platforms offering loved by many manual or automated traders worldwide known MetaTrader with the possibility to open either Standard or ECN account. Furthermore, the offered platforms featuring both veteran MetaTrader4 and its newer version MetaTrader5, which not only a standard feature but is enhanced by the broker edition with optimized systems.
The platforms themselves designed for use through Windows, Mac, Web, iOS, Android devices.
- We ranked FXDD platforms 8.2 out of 10 based on our research in comparison to other brokers in the market. The broker offers industry-leading platforms like MT4 and MT5
In addition, the company offers to enhance the MT4 with VPS service that protects the platform from trailing stops, brings efficiency to run multiple strategies non-stop with lowered latency. The service provided for free to those who maintain a minimum deposit of 2,500$ 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.
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.
- Customer Support in FXDD is ranked Excellent with overall rating 9 out of 10 based on our testing. We got some of the fastest and most knowledgeable responses compared too other brokers, also quite easy to reach during the working days
See our find and Ranking on Customer Service Quality:
|Quick response||No 24/7 customer support|
|Supporting numerous languages|
|Availability of Live Chat|
FXDD Review Conclusion
FXDD Review reveals good investment opportunities 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.
Based on Our findings and Financial Expert Opinion FXDD is Good for:
- Regular Traders
- Traders who prefer the MT4 platform
- Currency Trading and CFD Trading
- Crypto CFD Treading
- EAs running
- European Trading
- Suitable for a Variety of Trading Strategies
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