FXDD Review – is FXDD Scam or Legit Broker?

FXDD

2.5

Rating

2.5/5

Pros

  • Demo trading accounts Available
  • 67 currency pairs along with other fiscal tools
  • MetaTrader 4, MetaTrader 5, WebTrader, ZuluTrade
  • 15 Decades of trading expertise from the market

Cons

  • No marketed promotional or bonuses supplies
  • Leverage is capped at 1:50
  • Limited hours live assistance

FXDD is a trustworthy forex broker with complete law and licensing throughout the Malta Financial Services Authority (MFSA), the Financial Conduct Authority (FCA), and also the EU/EEA under MiFID passporting rights. FXDD gives the complete package of forex services, along with multiple different financial tools like cryptocurrency stocks, indices, energies and alloys. The business was operational for more than 15 decades and features an established deal level of about $ 7.3 trillion together with over 320 million purchases processed after all beginning. FXDD additionally boasts 350K documented accounts holders on its own stage. With all this FX broker’s wide marketplace policy, customers can get tight spreads and rapid executions of trades. All the fiscal tools is found a selection of MT4 and MT5 trading platforms. There are now 6 7 money pairs open to customers at FXDD, with a range of energies, metals, assets, indices and also cryptocurrency options too.

Overview/ desktop

FXDD has been created in 2002 and is now observing over 1-5 decades of trading excellence at the highly competitive FX world-class. The business is directed by a group of experts with years of collective experience in forex currency trading, accounts management, and monetary investigation. FXDD boasts 6 stock classes on its own NY and Malta offices. Security and protection of all client information is overriding at FXDD. That is guaranteed by means of encoded accounts for customers in case of insolvency or claims against the business. This forex broker has been issued with a Category 3 MFSA license also additionally, it may offer its services to customers over the European Economic Area (EEA) with MiFID. UK forex traders may enjoy satisfaction together with Financial Conduct Authority (FCA) regulation. Among the others, FXDD provides rapid trade executions and lets various ways of being executed on MetaTrader 5 and 4, WebTrader along with ZuluTrade. This forex brokerage is fully appropriate for Android, iOS, along with PC apparatus including all significant browsers (Chrome, Explorer, Firefox).

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Account Types

The key accounts styles out there to traders in FXDD involve a typical account along with also an ECN account. The normal accounts is right for traders who would like to run almost all their particular trading actions. It sports zero commissions and low spreads. One of the countless profits of the typical accounts are Fill Or Kill implementation without a tight fills, no slippage on entrance requests, and amount improvements on limitation orders. To get ECN accounts, there’s not any mark upon raw lead spreads, also you will find no commissions on trades. The fill rate is 99% and rapid executions of trades are conventional using ECN accounts. By way of instance, there’s actually a fee of only $2.99 for every 100,000 on major Forex trading currencies. The commissions each negative are excessively low, and you will find no tight suits. Customers may even enjoy the amount of improvements on limitation orders. Additional details about ECN pricing is readily available for Forex, energies, metals, indices, assets and cryptocurrencies by visiting this website.

Trading Platform/ applications

Multiple trading programs are readily available for customers, for example MetaTrader 4, MetaTrader 5, WebTrader, and ZuluTrade. All those supplies special profits to Forex traders, such as the next:

MetaTrader 4 – MT4 maybe your dominant trading platform within the business. It includes full charting capabilities, an extensive assortment of applications and automated trading options. MT4 is totally optimized for both iOS, Android, and Windows apparatus. It works on various browsers including Firefox, Explorer, and Chrome. Customers can appreciate a vast selection of tradable stocks including commodities, assets, indices, and Forex. Leverage ranges from 1:1 into the FCA approved figure of 1:50.

MetaTrader 5 – MT5 is the updated version of MetaTrader 4. It sports technique analyzing tools and tools, with a vast array of stores. The charting resources and tools are significantly improved on MT5, and customers may enjoy full cellular functionality across multiple browsers.

WebTrader – that the proprietary (inhouse platform) of all FXDD provides an effective interface using immediate use of the financial stores. Customers can enjoy anytime, anywhere trading with a solid collection of resources and tools, leverage which range from 1:1 – 1:50, and also fully backed EAs. Much like MT4 and MT5, multiple stock categories might be traded for example commodities, indices, assets, and FX. WebTrader commissions are $2.99 for every 100,000 FX figures and $4.99 for every 100,000 FX additional monies.

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ZuluTrade – that major trading platform enables customers to copy the plans of experienced professionals and reap the advantages of those trading modalities. ZuluTrade permits many fully-automated, semi-automated manual trading overall os’s. The signal providers are offered at no cost to boost your trading experience.

With all trading programs, the gross forecast is 20 percent, and also the stop outside is 0 percent.

Deposit options

The assortment of deposit options comprises charge cards, bank wire, China UnionPay, and Neteller. Information on these banking techniques is found under the residue on top of this screen. Credit card deposits are typically processed within one company, whereas withdrawals usually take medially 5 business days and 10 business days. China UnionPay residue is found medially two business days and 5 business days, also Neteller occupies to at least one business day to process.

Markets

The assortment of stores is located under the Trading tab towards the cover of the screen beneath the Markets category. Markets Involve Forex pairs like the USD/JPY, EUR/USD, GBP/USD, USD/CHF, USD/CAD, AUD/USD, NZD/USD, EUR/GBP, EUR/JPY, EUR/CHF, EUR/AUD, EUR/CAD, along with EUR/NZD.

Metals Incorporate aluminum, XPD/USD, XPT/USD, XAG/EUR, XAU/EUR, XAG/USD, along with XAU/USD.

Energies incorporate gas, UK petroleum, US oil two, also conventional US oil.

Indices incorporate the SPX500, NAS 100, USA 30, HKG 3 3, JPN 225, AUS 200, UK 100, FRA 40, GER 30, along with ESP 3-5.

Stocks incorporate a choice of tools like Bank of America Corporation (BAC), Twitter (TWTR), Google (GOOG), Netflix (NFLX), Amazon (AMZN), Facebook (FB), and Apple (AAPL).

Cryptocurrencies Incorporate the following options: XRP/USD, LTC/USD, ETH/USD, BTC/JPY, BTC/EUR, along with BTC/USD.

Bonuses

We contacted support in FXDD to figure out about bonuses and promotional supplies. No promotions are all readily available. Considering the fact this is an FCA-regulated brokerage, no incentive supplies are all encouraged. The customer care representative suggested the ‘We might offer a 5% bonus based on your initial deposit, but these are reviewed case by case, not advertised on our site. ‘

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Customer Support

Customer service is highly attentive to client questions. You are able to reach support agents twenty-four hours a day from Sunday through Friday, medially the hours of 5 PM and also 4:55 PM EST. This phone numbers are found to customers:

  • Support contact amount – 356-2013-3933
  • Trading phone number – 356-2013-3939

The current email is [emailprotected] or [emailprotected].

Clients have access to an online contact form where you could enter your before all else name, last name, email, query information and await a service representative to respond for you.

Safety

Forex traders may be certain this broker is fully licensed and regulated by the Malta Financial Services Authority (MFSA), in addition to the Financial Conduct Authority (FCA). Client funds are kept in secured accounts to safeguard against bankruptcy, bankruptcy or claims. Secure socket layer technology (SSL) protects traders from unauthorized accessibility to their balances.

Ease of Use

Each of those category options at FXDD is recorded on the peak of the page together with dropdown menus out there. This consists of about trading, partnerships and resources and contact info. The trading tab has become easily the best after all it provides advice on account, platforms, and even stores. Provided you’re out of a licensed country, the method of registering to trade on the web is comparatively straightforward.

Final Thoughts

FXDD provides a demo trading accounts that will help facilitate your transition to real marketplace trading activity. This is a superb resource to learn together with, after all, it presents one to MetaTrader 4, MetaTrader 5, WebTrader, along with ZuluTrade. In general, the FX broker is a tried and trusted option with over 15 decades of knowledge in the business. There are 6 7 money pairs, and also a number of different tools available also.

Internet Site:
www.fxdd.com
Telephone:
( 356) 2013-3933
Legislation:
MFSA
Pairs provided:
67 currency pairs such as majors, minors, along with exotics
Minimum Deposit:
$100
Spreads From:
1.5 PIPs
Max Leverage:
50:1
Markets:
Forex, commodities, energies, assets, indices, Cryptocurrencies