FXDD Review

MIN. DEPOSIT No
Up to 200:1
Negotiable BONUS
0 Users (0 votes)
Odds0
Services0
Support0
FXDD
Negotiable
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Overview

Here is the summary of the site. Here is the summary of the site. Here is the summary of the site. Here is the summary of the site. Here is the summary of the site. Here is the summary of the site.

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Details

BrokerFXDD
Website URLhttp://www.fxdd.com/mt/en.html
HeadquartersMalta
Support Number(+356) 2013-3933
Support Emailsupport@fxdd.com.mt
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Spanish, Arabic, French, Vietnamese, Italian, Russian, Japanese, Chinese, German, Turkish, Portuguese, Greek, Korean, Czech
Trading PlatformPlatform 1
Minimum 1st DepositNo
Minimum Account Size$1000
Minimum Trade Amount0.01 lots
Maximum Trade Amount1 lot
BonusNegotiable
PayoutUp to 200:1
Leverage400:1
Spread50 Pips
Free Demo Account Open Demo
Regulated Yes
RegulationMalta Financial Services Authority
Fee InfoFees Info
Commissions Yes
Commission InfoCommisson Info
Account TypesIndividual, Joint, Corporate
Deposit MethodsCredit Card, Bank Wire, Skrill, Neteller, SafeCharge Cashier, Clickandbuy
Withdrawal MethodsCredit Card, Bank Wire, Skrill, Neteller, SafeCharge Cashier, Clickandbuy
Trading MethodsTrade 1, Trade 2
Number of Assets44
Types of AssetsCurrencies, Commodities, Indices, Stocks
Trading CurrencyCurrency 1, Trading Currency2
Account CurrencyUSD, EUR, GBP, JPY
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Screenshots

Screenshot 1 Screenshot 2

Pros

  • Easy access
  • Great design and traing
  • Another pro here and Another pro here and Another pro here and

Cons

  • Con1
  • Cons2
  • This is a poor site

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Company Information

FXDD stands for FXDirectDealer LLC. The company is an ECN broker and was established back in 2003 in New York. FXDD is one of the ECN brokers, which means they only mediate and do not take both sides of clients’ trades. However, the agent can make quick matches on trades and put them up on the interbank network, which consists of more than 60 banks. FXDD claims the spreads are fixed, but sometimes, like during events, the volatility is high and ranges can become highly variable. This uncertainty comes from the fact that this is an ECN broker. FXDD currently offer about 20 different currency pairs for trading, available on five trading platforms. One of the best things about this agent is that the flexibility the five platforms offer, combined with professional customer service and some learning tools, allows both institutional and retail traders to profit greatly. Usually, you will only see brokers who offer the USA or International accounts. However, FXDD supplies both the US and non-US accounts to people all around the world. With an extensive 13 year history, the broker is among the most respected Forex trading providers around the globe.

FXDD’s website might not be as well polished as FxPro, but the navigation is easy and happens intuitively. Just like most Forex sites, FXDD’s uses white, black and red to emphasize on the minimalistic design and visual clarity. On the home page, you can find some free trading resources, company information, the most popular currency pairs bid-ask and spread and some other links. The unique option, in this case, is the ability to choose from the five different trading platforms, which are thoroughly compared and explained on the website. Overall, FXDD’s site is an excellent way to get into Forex trading.

 

Trading Information

FXDD offers three account types. Most of the functionality are shared between the three, but there are a few substantial differences. Let’s get to it and see the variety, offered by the broker is! The mini account needs a minimum of $250 to open. The minimum position size you get is a 0.01 lot. The limit here is in the trading instruments. With the mini account, you can only trade with Forex at a leverage of 1:200. The standard account requires a minimum of $2000, and the lowest position size is one lot. However, the Forex leverage is 1:100. The FXDD Trading account is where it’s at. The minimum position size is 0.01 lot. However, you get the ability to trade with Forex, CFD, oil, Options and Metals. This is the full FXDD experience and, surprise, it requires as little as $250 to get started! Trailing stops, Pending orders, and One-click trading are available with all account types, but with FXDD Trading, you can also make use of automated trading. This option is huge for most people out there, who trade in smaller chunks of time.

 

Trading Platforms

FXDD offer a nice selection of trading platforms. Of course, clients of the broker can use the famous MetaTrader 4, one of the oldest and most flexible platforms. With Meta Trader 4 you can control almost every little option of your trading strategies. Another platform you can utilize is Mirror Trader. Another excellent choice is FXDD’s mobile platform, available for iPhone, Android, and various tablets. This is a genuinely excellent option for people who are on the move. The next platform from FXDD is the FXDD cloud. Advanced VPS hosting allows for several platforms to be managed remotely. Currenex is one of the most advanced options, allowing for advanced charting and other great extras. With FXDD, you can also use Options and Binary options. Both are an amazing way to trade with Forex. Of course, all of the trading platforms offer different features. You can check the comparison page on the website and make an informed choice.

 

Security and Customer Service

Along with the number of regulations, like MFSA, FXDD offers exceptional customer data security. The regulators make sure you will get a fair trading environment.

As for the customer support, the department works 24 hours a day, from Sunday 5 PM to Friday 4 PM EST. Clients of FXDD can contact the support by phone – there are three different lines for Support, trading, and fax. There are also two e-mail options for support and sales. If you are feeling old fashioned, you can also send mail to FXDD’s physical address. On the website, you can find some frequently asked questions, too. The website and customer support can be accessed in fourteen different languages.

 

Deposits and Withdraws

FXDD only accepts deposits in USD. Of course, you can wire any currency, but the processing bank will convert it to USD before depositing your funds into your account. Customers of the FXDD Forex Broker can deposit and withdraw in several ways. Those options include credit card, Skrill, Neteller, Bank Wire, Click and Buy, safe charge cashier. All of the transactions complete in up to two business days. There are maximum deposit limits, mostly $10000 USD. Only the bank wire is unlimited.

 

Deposit Bonus and Loyalty Programs

Currently, FXDD doesn’t offer any bonus offers. However, in the past, the broker had a variety of promotions. The gifts ranged from $100 if you win a drawing, to F1 prize tickets. Of course, the broker also offers a nice affiliate program where you can earn money by simply referring friends to the website. Overall, FXDD doesn’t grab people with promotions, but with tight spreads and great service.

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