You can trade a wide variety of instruments with FXDD over 100 instruments in fact. This means FXDD are supervised by and is checked for conduct by the Malta Financial Services Authority (MFSA) regulatory bodies. Any action you take upon the information you find on this website is strictly fxdd review at your own risk and we will not be liable for any losses and/or damages in the use of our website. Any further redemptions may result in an additional $40 truncation fee, while the minimum amount is set to $100. FXDD Leverage levels depend on the instrument you trade and are defined by the regulatory restrictions, together with your level of proficiency. In contrast, Premium Accounts feature much tighter spreads, often starting from as low as 0.2 to 0.4 pips.
FXDD offers both standard and commission-based accounts with competitive spreads and reliable execution. Additionally, the broker provides useful trading tools such as VPS hosting, Autochartist, economic calendars, calculators, and access to Trading Central for analysis. Compared to its competitors, FXDD provides a solid yet relatively average offering in the online trading space. FXDD implements various safety measures to ensure the protection of client funds such as utilising segregated bank accounts. FXDD places a high priority on data security, employing encryption for both the transmission and storage of sensitive information. Additionally, FXDD offers advanced and reliable trading platforms, including MetaTrader, known for their technological sophistication and dependability.
Is the FXDD Trading Platform Secure?
- One of the primary considerations when evaluating a broker, such as FXDD, is to assess the broker’s regulatory status and administrative body.
- FXDD sets the margin call level to 100%, requiring traders to contribute additional funds to retain their holdings.
- Keep in mind that bonus and promotionals offers may apply only under the regulation of the FSC (Financial Services Commission) in Mauritius, the LFSA (Labuan Financial Services Authority) and in Peru.
- This risk-free environment is crucial for honing trading skills and information.
Companies on Trustpilot can’t offer incentives or pay to hide any reviews. Yes, FXDD is a safe broker with average trust based on its regulations and licenses. No, FXDD does not provide webinars or training sessions as part of its educational materials.
FXDD MetaTrader 5 (MT
So far – weak execution level and inefficient conditions for algorithmic trading. FXDD charges currency conversion fees for transactions involving a different currency than the trader’s account base. These fees affect the net amount received from a positive deal or the real cost of a trade if the trader’s account currency differs from their native currency.
Broker Types
This app provides users access to analyst views and global news sources in an easy-to-navigate interface while on the move. The application allows traders to utilise data refresh feeds with high-speed server times to manage trades at the click of a button. Negative balance protection ensures traders cannot lose more than their deposits. Traders must always use appropriate risk management with leveraged trading to avoid magnified trading losses.
How does FXDD protect clients’ money?
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
I also compare the key features to other brands to highlight any considerations for potential clients. FXDD also maintains its proprietary WebTrader that supports automated trading solutions similar to MT4/MT5. Many brokers need to implement it in their proprietary products and focus only on manual traders. It is a rare mobile alternative that allows for the creation of automated trading solutions on the go, making it one of the most advanced mobile trading apps in the industry. The commission-free Standard account shows average spreads from 1.8 pips or $18.00 per 1.0 lot.
Primarily, FXDD acts as the counterparty to client transactions, effectively establishing its own internal market for trades. In certain rare situations, FXDD also serves as an agent, where client transactions are forwarded to other reputable liquidity providers. The FXDD Premium account provides access to all CFDs assets available, with a minimum trading size of 0.01 standard lot (equal to a micro lot) and to all account base currency (USD, EUR, GBP, JPY).
Like other brokers, FXDD margin requirements can differ depending on the traded instrument. FXDD have won numerious industry awards over the 23 years they have been operating as a financial broker. FXDD are able to accommodate various levels of traders whether you are experienced or a beginner. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn’t imply direct instructions for investing. To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page. FXDD operates during standard trading hours, which typically run from Sunday 5 pm to Friday 5 pm (EST).
One of the primary considerations when evaluating a broker, such as FXDD, is to assess the broker’s regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. FXDD provides multilingual 24/5 customer support via phone, email, or live chat for assistance with account setup, trading inquiries, or technical issues. This wide range of assets allows traders to diversify their portfolios and trade various markets conveniently from an FXDD account. FXDD covers the cost of the first withdrawal each calendar month, but charges $40 for each additional withdrawal within the same month.
- By effectively managing risk, you can increase your chances of success in the markets.
- FXDD offers an unlimited demo account with a virtual balance of $100,000 and real-time data.
- The FXDD Premium account is available for any client and is built with raw spreads with an attached trading volume commission.
- Access to the industry-renowned MetaTrader 4 and MetaTrader 5, as well as the broker’s WebTrader platform, means users of all abilities are catered for.
- Overall, we had a good experience with the email support provided by FXDD.
All funds deposited to FXDD are held in segregated bank accounts for security. FXDD is regulated by Malta Financial Services Authority (MFSA) so can be considered legit. Tier 1 is the official measure of a bank’s financial health and strength.Trading with FXDD is risky, and because the market is so volatile, losses could happen at any time.
The fact that both FXDD’s MFSA and NFA licenses are flagged as suspicious clones suggests that the broker may not be genuinely regulated by these authorities as claimed. This lack of proper regulation exposes traders to significant risks, as there may be no official oversight, client protection measures, or recourse in case of disputes or financial misconduct. Various available platforms allow traders to choose among MetaTrader4 (MT4) and MetaTrader5 (MT5), FXDD’s proprietary Webtrader, and Zulutrader, which is an automated trading system. Demo accounts are available for traders wanting to take time to explore the FXDD platform before committing to a live account. With Negative balance protection, traders cannot lose more money than they have deposited. As part of our FXDD review, we review customer service options, response times and problem resolution effectiveness on the FXDD trading platform.
Withdrawals at FXDD are normally processed within one business day, with a maximum predicted withdrawal time of three to five business days. FXDD estimates withdrawal processing times to be between 3 and 5 business days. Yes, FXDD applies leverage controls per regulatory standards to guarantee safe trading behavior. Yes, FXDD provides two-factor authentication (2FA) as an added layer of protection for account access.
