Unique Selling Points
Regulated and Licensed: FXDD is a regulated and licensed broker, providing traders with high transparency and security. FXDD is authorized and regulated by multiple reputable regulatory bodies, including the Malta Financial Services Authority (MFSA) and the UK's Financial Conduct Authority (FCA). These regulatory bodies require FXDD to comply with strict regulations and standards to ensure the safety of traders' funds and the fairness of the trading environment.
Competitive Spreads: FXDD offers competitive spreads starting from 0.3 pips, among the industry's most competitive. The tight spreads offered by FXDD allow traders to enter and exit positions with minimal transaction costs, maximizing their potential profits. FXDD's spreads are also transparent, with no hidden fees or charges.
Wide Range of Trading Instruments: FXDD offers a wide range of trading instruments, including over 50 currency pairs, precious metals, energies, and indices. This diversified portfolio of instruments allows traders to trade various markets and instruments, spreading their risk and potentially increasing their profits. FXDD's trading instruments are available for trading on MetaTrader 4 and Swordfish platforms, making it easy for traders to access their preferred trading instruments.
Personalized Customer Support: FXDD provides personalized customer support to its clients, offering assistance through email, phone, and live chat. FXDD's customer support team is available 24/5, supporting traders whenever they need it. FXDD's customer support team is knowledgeable and responsive, ensuring that traders receive timely and accurate support.
Introduction
FXDD is a reputable online broker that provides traders with various trading instruments and platforms to trade the financial markets. Founded in 2002, FXDD has over 18 years of experience in the industry. The broker is regulated by several financial authorities, including the Malta Financial Services Authority (MFSA) and the Financial Conduct Authority (FCA) in the UK. FXDD operates globally, with offices in New York, Malta, and other parts of the world.
At www.fxdd.com, traders can access the broker's website, which offers a range of trading resources and tools, including market analysis, educational materials, and trading platforms. FXDD offers the popular MetaTrader 4 (MT4) platform. This robust and reliable trading platform provides traders with advanced charting tools, automated trading capabilities, and access to various indicators and trading strategies.
The broker also offers its proprietary Swordfish platform, which is a customizable and user-friendly trading platform that provides traders with a range of trading tools and features. In this FXDD review, we will provide a detailed analysis of the broker's features, including its trading platforms, minimum deposit, regulation, and customer support, to help traders make informed decisions about whether FXDD is the right broker for them.
Supported Countries
FXDD is a global broker that provides trading services to clients in various countries worldwide. The broker accepts clients from numerous countries, including Australia, Austria, Belgium, Canada, Cyprus, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Japan, Luxembourg, Malta, Netherlands, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Arab Emirates, and the United Kingdom. Clients from these countries can register with FXDD and enjoy a range of trading services and feature the broker provides.
FXDD offers services in multiple languages, including English, Arabic, Chinese, Spanish, French, Italian, and German. The broker recognizes the importance of providing multilingual support to its clients, and as such, it has made its website and trading platforms available in several languages. This enables traders from different parts of the world to access the broker's services in their preferred language, which enhances their trading experience and makes it easier for them to navigate the platform.
FXDD Trading Platforms
FXDD MT4: FXDD's MetaTrader 4 (MT4) platform is popular among traders due to its advanced charting tools, automated trading capabilities, and wide range of indicators and trading strategies. With FXDD MT4, traders can easily access real-time quotes, monitor their accounts, and execute trades. The platform is available for desktop and mobile devices and can be downloaded from the broker's website.
FXDD Swordfish: FXDD's proprietary trading platform, Swordfish, is designed to provide traders with a customizable and intuitive trading experience. The platform features a user-friendly interface, advanced charting tools, and a range of trading tools and features. With Swordfish, traders can easily access real-time quotes, monitor their accounts, and execute trades. The platform is available for desktop and mobile devices and can be downloaded from the broker's website.
WebTrader: FXDD's WebTrader is a web-based trading platform that enables traders to access their accounts and trade from anywhere with an internet connection. The platform is user-friendly and easy to navigate. With WebTrader, traders can monitor their accounts and trade with ease.
Mobile Trading: FXDD offers mobile trading apps for iOS and Android devices, enabling traders to access their accounts and trade on the go. The apps are easy to use and provide traders with easy access.
Type of Trading Accounts
FXDD offers a range of trading accounts tailored to different trader needs and preferences. Whether you are a beginner or a professional trader, you can find an account type that suits your trading style. This section will discuss the different types of trading accounts offered by FXDD.
Demo Accounts: FXDD offers demo accounts with a time limit to allow traders to practice trading in a risk-free environment. Demo accounts are ideal for beginner traders who want to get a feel of the platform and the markets without risking any real money. The demo account comes with virtual money that traders can use to simulate trades on the platform.
Standard Accounts: FXDD's standard account is designed for traders who want to trade with real money. The account comes with competitive spreads and requires a minimum deposit of $250. The account offers access to various trading instruments, including forex, CFDs, indices, and commodities.
ECN Accounts: FXDD's ECN account is ideal for traders who want to trade with no dealing desk intervention. The account offers direct market access with no requotes and competitive spreads. The ECN account requires an FXDD minimum deposit of $1,000.
Segregated Accounts: FXDD offers segregated accounts for traders who want an extra layer of security. A segregated account is a separate account where the trader's funds are kept separate from the broker's funds. This ensures that the trader's funds are not used for purposes other than their intended use. The segregated account requires a minimum deposit of $250.
Trading Denominations
FXDD offers a range of trading denominations, including major currencies such as USD, EUR, JPY, GBP, and CHF, as well as other currencies like AUD, CAD, HKD, and SGD. The availability of trading denominations may vary depending on the specific FXDD trading account type and the region in which the account is opened.
Company Structure
FXDD, which stands for Forex Direct Dealer, is a global forex broker with a presence in New York, Malta, and other regions. The company was established in 2002 and has since grown to become one of the leading forex brokers in the industry. FXDD is regulated by top-tier regulatory bodies, such as the Malta Financial Services Authority (MFSA), the Financial Conduct Authority (FCA) in the UK, and the National Futures Association (NFA) in the US.
With its headquarters in FXDD New York, FXDD's US operations are overseen by the NFA and the Commodity Futures Trading Commission (CFTC). FXDD caters to a diverse range of traders, from beginners to experienced traders, and offers several account types to suit different trading needs, including demo accounts, standard accounts, and ECN accounts.
FXDD's company structure is designed to provide clients with the best possible trading experience, with a team of experienced professionals working to ensure clients' needs are met. The company's global reach allows it to cater to clients worldwide, supporting multiple languages and local payment options. FXDD's commitment to transparency and client satisfaction has earned it a reputation as a trustworthy and reliable forex broker, making it a popular choice among traders seeking a reliable trading partner.
FXDD Licenses and Regulatory Compliance
FXDD is a regulated forex broker that is authorized and licensed by several financial regulatory authorities. The company operates under the regulatory framework of various jurisdictions to ensure the safety of clients' funds and compliance with regulatory requirements.
FXDD's parent company, FXDD Global, is registered in Malta with the Malta Financial Services Authority (MFSA) under the license number IS/48817. FXDD also operates in other regions and is regulated by different authorities.
The company's US subsidiary, FXDD Inc., is registered with the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) in the United States, with registration number 0397435.
FXDD's compliance with regulatory requirements is further strengthened by its membership in several regulatory bodies such as the Financial Commission, which provides a dispute resolution mechanism for traders, and the Investor Compensation Fund (ICF) in Cyprus, which provides compensation to clients in the event of a broker's insolvency.
FXDD Customer Protection
FXDD prioritizes the protection of its customers' funds by ensuring the highest levels of security and regulatory compliance. Client funds are held in segregated accounts with top-tier banks, ensuring they are entirely separated from the company's operational funds. This means that in the unlikely event of FXDD's insolvency, clients' funds will remain untouched and be returned to them in full.
FXDD has taken extra measures to secure its online platforms and protect its clients from cyber threats like hacking and identity theft. The company uses advanced encryption technologies to protect its clients' personal and financial information, ensuring that it remains confidential and secure at all times.
Trading Information
FXDD offers various trading tools and resources to assist traders in making informed decisions. The company provides trading information such as market analysis, economic news, and educational materials to its clients. This information is easily accessible through their website, www.fxdd.com, and the MT4 platform.
Tradable Instruments
Forex Currency Pairs: FXDD provides access to over 30 forex currency pairs with tight spreads, including majors, minors, and exotics.
Metals: Precious metals such as gold and silver can be traded on FXDD. Traders can take advantage of price fluctuations in these markets and use them to hedge against other positions.
Energies: Traders can also trade energy futures, including crude oil and natural gas. These markets can be volatile, but traders can use technical and fundamental analyses to make informed trading decisions.
Indices: FXDD offers trading on various global indices, such as the S&P 500, NASDAQ, and FTSE 100. Trading indices can provide diversification benefits and access to different international markets.
Cryptocurrencies: FXDD also offers trading on cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. These markets are relatively new and volatile, but traders can take advantage of the potential for high returns and diversify their portfolios.
Leverage on FXDD
FXDD offers varying leverage levels depending on the trading account type and the financial instrument being traded. The maximum leverage available for forex trading is 1:500, meaning traders can control a position up to 500 times larger than their account balance.
The leverage for other assets, such as indices and commodities, varies from 1:50 to 1:200. While high leverage can magnify profits, it also amplifies risks, as losses can exceed the initial investment.
Deposits and Withdrawals
Depositing and withdrawing funds is an essential aspect of online trading, and FXDD offers a variety of options to its clients. The FXDD minimum deposit required to open a trading account with FXDD varies depending on the type of account chosen.
The minimum deposit for Standard and ECN accounts is $100, while the minimum deposit for the FXDD Swordfish account is $250. Deposits can be made using various methods, including wire transfer, credit/debit cards, Skrill, Neteller, and UnionPay.
The table below shows the available deposit and withdrawal options and processing time.
Deposit/Withdrawal Method | Processing Time |
Wire Transfer | 3-5 business days |
Credit/Debit Card | Instant |
Skrill | Instant |
Neteller | Instant |
UnionPay | Instant |
It is important to note that withdrawals can only be made to the same account or card used for the deposit. Clients are advised to contact FXDD customer support if they have any issues depositing or withdrawing funds.
FXDD Trading Education and Training
FXDD offers a variety of educational resources for traders to enhance their skills and knowledge. These educational resources include webinars, trading guides, market analysis, and a knowledge center. Experienced professionals conduct webinars and cover various trading topics such as risk management, technical analysis, and trading psychology.
The trading guides provide detailed information on trading strategies, chart patterns, and trading tools. The analysis includes daily market updates, insights, and economic calendar events. The knowledge center provides comprehensive educational material on trading basics, forex trading, and trading platforms.
FXDD's educational resources are beneficial to both novice and experienced traders. Novice traders can take advantage of the resources to learn the basics of trading and develop their skills. Experienced traders can use the resources to refine their trading strategies and keep up with market trends.
FAQs
Is FXDD a Scam?
FXDD is not a scam because it is a fully licensed and regulated broker.
How do I open an FXDD Forex trading account?
To open a forex trading account with FXDD, visit their website, www.fxdd.com, and click on the "Open Account" button on the top right-hand side of the homepage.
Does FXDD accept clients from the United States?
FXDD does not accept clients from the United States due to regulatory restrictions imposed by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC).
Conclusion
FXDD is a reputable online forex broker that offers a wide range of trading instruments, flexible trading accounts, and excellent trading platforms to suit the needs of various traders.
As a regulated broker with licenses in multiple jurisdictions, FXDD ensures the safety and security of its clients' funds through segregated accounts and strict regulatory compliance. With multiple deposit and withdrawal options, traders can easily fund their accounts and access their profits quickly and efficiently. Moreover, FXDD offers excellent trading education and training resources to help traders improve their knowledge and skills in the forex market.
