FXDD Review, Forex Broker&Trading Markets, Legit or a Scam

Real trades donot follow the description of EA & I had problem accessing the account during market active period. The absence of a volume-based rebate program is notable and keeps the commission-based pricing environment more expensive when compared to competing brokers. While the minimum difference between data and information costs are acceptable, they are higher than many competitors, where the average spread ranges between 0.0 pips and 0.1 pips. FXDD launched in 2002, and its history confirms traders can trust this broker. It has offices in Malta and New York and has services over 400,000 accounts.

Both the accounts are designed to cater to the needs of the clients; however, traders have to know which account will be suitable for them. There aren’t many other brokers who can offer such an extensive range of trading platforms. Risk Warning – Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you are fully aware of the risks involved and the high probability of losing your money. Due to the high level of risk involved with trading financial instruments, it may not be suitable for all traders. Leverage levels also involve an additional level of risk that must be considered.

In addition, it has been in the market for a long time since 2002, which is more than other online brokers nowadays. The broker has the experience and knows the trade properly for better services and trading support. FXDD broker is an advanced broker with the latest trading platforms. The broker offers its clients MetaTrader4, MetaTrader5, and Webtrader trading platforms. All the trading platforms are best and are suitable for successful market trade. Here, we have discussed the three trading platforms in detail with their features to understand what makes them different in the financial market.

Yes, FXDD is part of an EU company and holds an Investment Service Category 3 license with MFSA along with a Group Licence and Authorization which is authorized and regulated by the FSC in Mauritius. On the Standard Pricing Account, no commission fees are charged, but a relatively low commission fee of US Dollar 3 is charged on the ECN Account. There are marked-up variable spreads when choosing a Standard Pricing Account. If FXDD’s website itself does not provide enough means, a trader should explore other informative websites and means to obtain that knowledge. One of the first things a potential trader needs to establish is whether a broker like FXDD is safe to trade with.

Is FXDD legitimate?

No, FXDD is not a scam is a regulated broker with low risk trading. 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.

Moreover, this is the market which can offer them just that, but it can also make them lose all. The first rule in Forex market is to be careful how to operate with the funds you have – where to deposit the money and how much to invest. FXDD is one of the largest dealers in the foreign exchange industry. For the past several years it is present on the global stage, and it is famous because of its sponsorships of motorsports teams. FXDD offers the choice between two trading accounts, namely the Standard or ECN pricing accounts.

It is known for its user-friendly intuitive interface and offers a pleasurable trading environment with all the functionality required for most novice and experienced forex animal traders. Deposit and withdrawal of funds with the online brokers are easiest. Traders can deposit and even withdraw their funds anytime they want.

Their history has enabled them to establish an abundance of knowledge to give you a personalised trading service that utilises powerful technologies. Forex malta provides its products and services to individual traders, institutional investors, hedge funds, commercial entities, brokerages, money managers and other financial institutions worldwide. Besides, the company has representative offices and sales departments throughout the world. The company renders its products and services to customers from more than two hundred countries internationally. The broker fxdd customer support is multilingual – the team consists of more than two hundred specialists who help the customers in thirteen different European and Asian languages.

All reviews represent only their author’s opinion, which is not necessarily based on the real facts. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. All in all, we were very impressed with FXDD, and found their website very informative and easy to navigate. There were no nasty surprises when it came to trading, and we couldn’t find any reason not to sign up for a real money account.

Three different account depending on the type of trader

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. FXDD allows Expert Advisors Trading and Automated forex trading on the Metatrader4 platform, Zulutrade, Currensee and Mirror trader platforms. FXDD.com provides MetaTrader 4 software which is the best Forex trading platform according to reviews.

fxdd review

Currencies in which deposits can be made include USD, EUR, GBP, JPY, CHF, and BTC. I’m wrintg about about my wthdrawal requests that they did not send my money(Total $1007 and There is $821 remaining on my forex account). Got all my funds recovered after weeks of getting in touch with them… over $256,850 recovered after my trust wallet account was being hacked and manipulated. I was scammed twice before by fake recovery company who said they could help but didn’t. I rank trading costs among the most defining aspects when evaluating a Forex broker, as they directly impact profitability.

they block my account

FXDD is a trusted forex broker with full licensing and regulation through the Malta Financial Services Authority , the Financial Conduct Authority , and the EU/EEA under MiFID passporting rights. FXDD provides a full suite of forex trading services, in addition to multiple other financial instruments such as cryptocurrency, stocks, indices, energies and metals. The company has been operational for over 15 years and has a proven transaction volume of $7.3 trillion with over 320 million orders processed since inception. Given this FX broker’s wide market coverage, clients can expect tight spreads and rapid executions of trades. All the financial instruments are available on a choice of MT4 and MT5 trading platforms. There are currently 67+ currency pairs available to clients at FXDD, with a range of metals, energies, stocks, indices and cryptocurrency options as well.

fxdd review

Contact us directly for further inquiries about our products and services. FXDD, a Forex broker, is regulated and authorized by Malta Financial Services Authority under license number IS/48817. No withdrawal limits exist on FXDD, either on the downside or the upside.

Before starting to trade, potential clients of FXDD should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading. FXDD is a trustable partner and client funds are kept in segregated accounts which prohibits FXDD from using these funds for any reason. MetaTrader4 web has the same capabilities as the other MT4 platforms but has the added benefit of being compatible with some of the most popular web browsers.

What Can I Trade

There is no need to download or install additional software to use this platform. There is no clear indication on the website whether FXDD offers clients any bonus when opening an account. Such a bonus is but a way to compensate traders for choosing a certain broker since once the account is opened, the trader will have the same expenses as any other. The facility that enables a trader to get a much larger exposure to the market than the amount he or she deposited to open a trade, is called leverage. Such leveraged products magnify a trader’s potential profit – but of course, also increase the potential loss.

Where is Fxdd located?

FXDD is an online foreign exchange introducing broker based in New Jersey.

But, with FXDD, traders do not have to worry as the trading is commission-free mostly and has a low commission per trade with the ECN account. The first step is to click on the start trading tab and choose from the individual, corporate, and demo account. Then traders have a new window on the screen that has a form to be filled. The authority and rules that make the operation of a broker are a necessity to be checked for a trader as they define the reputation and regulation of the broker to have trusted trading.


FXDD primarily acts as a counterparty to client’s trades, executing them at the best prices offered by their liquidity providers . The system implemented will automatically select the best available price to display on client’s platforms. Despite this conflict of interest, mercatox exchange reviews most client orders are executed top of the book with no discrimination in prices between clients and no compromise on execution. They also operate as an agent in which instance client’s transactions are received and transmitted to other liquidity providers.

Forex Awards shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the press releases or reviews made by the site contributors about the forex companies. The entire responsibility for the contents rests with the contributors and commentators. Reprint of the materials is available only with the permission of the editorial staff.

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 is a regulated broker with low risk trading, good platform selection with research and instruments range including Cryptos. Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers. I actually use a third-party VPS and find it to be an invaluable tool.

One should know that Forex trading or any other kind of trading involves high risks, and is not suitable for everyone. Before trading Forex or any other financial tool one should be aware of the risks, know exactly his investment goals and limits and acquire a fine level of risk understanding and risk management. FXDD offers a demo trading account to help ease your transition into real market trading activity. This is a great resource to learn with, since it introduces you to MetaTrader 4, MetaTrader 5, WebTrader, and ZuluTrade. Overall, this FX broker is a tried and trusted option with over 15 years of experience in the industry.

Is Fxdd a good broker?

The overall user experience is smooth and enjoyable, with a variety of informative trading tools that are intuitive to use. Overall, FXDD is a comprehensive, low-commission online forex broker with a good range of asset types and platforms to choose from.

But the worst is their dealing desk who constantly were closing my positions. Even after I gave them all evidence and screenshots they would never admit it. They would never explain me who closed my trades in the middle of night.

Transaction Cost AAA

As a broker that has been around for close to 18 years, FXDD has built up a noteworthy reputation through its provision of superior service. FXDD is a financial services company established in 2002 that offers retail, corporate and institutional clients with vast investment opportunities. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.

The company FXDD strives to offer the most effective solutions and applies breaking-through technologies in arranging the trading process on the Forex market. These innovations are customized especially to assist both individual and institutional Forex traders and make their business more productive and lucrative. USD, JPY, GBP, 1 working day for the deposit, 5-10 working days for withdrawal), NETELLER , Skrill . Educational content for beginner traders is not available, but FXDD offers five trading guides covering currency pairs. While the brief introductions are acceptable, I recommend traders seek information from trusted third parties free of charge for a more comprehensive overall educational approach. Another platform featured by the FXDD is the proprietary trading software with a web-based interface for easy access at any time and anywhere.

fxdd review

Overall, FXDD maintains a trustworthy and reliable trading environment. I like that the FXDD proprietary trading platform supports algorithmic trading. Regrettably, FXDD does not allow algorithmic trading from its Maltese-regulated brokerage. 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.

Please submit your normal e-mail address that can be used to contact you. I plan on closing FXDD account—spread is too high actually and loss incurred easily even with their Demo. I am sure that they are just waiting for stop hunt, telling me I have to wait. I deposit the money by neteller and it is very surprising that I need to wait so long. B) There is an online blog which features content on a variety of topics. A) An opportunity to meet the in-house forex experts at FXDD Masters Live, a live training event hosted by Greg Michalowski, Chief Currency Strategist on FXDD.

Lot of reqoute, when price down they do not allow you to buy, when u clicked buy the system said connection error . Be careful…One guy Stephen Simonis from FXDD called me up and asked to make a deposit. I told him first I want to test the platform before depositing as they had a promotional offer of 25 dollar. Since, then i been getting one excuse after another about deposit bonus and just excuse to depsoit my money and start trading with them.

The volume of trades will determine the package a client qualifies for whilst clients will be charged if they do not meet the minimum requirements but request the VPS. You can also get a free VPS from Switch Markets if this is something you are specifically looking for in a broker. Webtrader is the proprietary trading platform of FXDD broker; it is a browser that works as a web-based interface for easy market access. The traders with less or more experience can use it easily and make better trades as it is available anytime and anywhere.

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