FXDD offers traders 2 different account types. A standard account and ECN account, the standard account provides traders with low spreads and no commissions while the ECN account provides access to ultra-low direct raw spreads.
FXDD at glance
| Broker's Name | FXDD |
| 📍 Headquartered | Malta |
| 📅 Year Founded | 2002 |
| ⚖️ Regulating Authorities | MFSA, FSC, LFSA, SBS |
| 🌐 Countries not accepted for trade | United States, American Samoa, Angola, Belarus, Bermuda, Burundi, Cameroon, Central African Republic, Chad, Congo, Congo, Democratic Republic of the, Cuba, Equatorial Guinea, Gabon, Iran (Islamic Republic of), Korea (Democratic People's Republic of), Lebanon, Libya, Marshall Islands, Puerto Rico, Russian Federation, Sao Tome and Principe, Sudan, Syrian Arab Republic, Venezuela (Bolivarian Republic of), Virgin Islands (U.S.), Yemen, Zimbabwe |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:30* *1:30 applies for EU citizens Leverage can go up to 100:1 depending on traders' jurisdiction |
| 💰 Minimum Deposit | $1 |
| 💳 Deposit Options | Credit cards Bank wires Neteller Skrill Zotapay Crypto & more depending on the region |
| 💳 Withdrawal Options | Credit cards Bank wires Neteller Skrill Zotapay Crypto & more depending on the region |
| 💻 Platform Types | MetaTrader 4, MetaTrader 5, FXDD WebTrader OS Compatibility Windows, Mobile, Web, iPhone, iPad |
| 📈 Tradable assets offered | Forex, stock, commodities, indices, On-Exchange Stocks & ETFs, Futures |
| 📱 OS Compatibility | PC and Mac OS, mobile for Android and IOS |
| 👨💼 Languages supported on Website | Multilingual |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
Min Deposit USD 0 Regulators FSC, MFSA, LFSA, SBS Trading Platform MT4, MT5, WebTrader, FXDD Mobile Crypto Yes Total Pairs 90+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Choose your quick section of our FXDD Account Types below.
FXDD Account Types – 8 key points quick overview:
- ✔️Overview
- ✔️Account Types
- ✔️Account Features
- Demo Account
- Islamic Account
- FXDD Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is an overview of the FXDD Account types as well as the treading features and benefits offered for each account.
FXDD Overview
FXDD is a Malta-based online Forex broker that was first established in New York in 2002. Since its inception the broker has managed to establish itself as a leading player in the Forex industry, servicing clients in more than 200 countries, including the UK, Canada, Australia, Egypt, Singapore, and the Philippines.
The broker facilitates trading on the industry-leading MetaTrader 4 and MetaTrader 5 trading platforms, which are extremely popular for their extensive features, analytics, charting capability, and user-friendly interface. Traders can also take advantage of automated trading through the ZuluTrade platform and test all the available trade features on a free demo account.
Spreads are tight and competitive, starting as low as 0.3 pips, and the broker’s broad liquidity and ECN connectivity guarantee a slight mark-up on commissions, making FXDD an extremely competitive broker in the Forex industry. Traders of the Muslim faith can open a swap-free, Islamic account which will have all the same conditions as those on the swap-rated accounts without incurring interest on overnight fees.
All traders can open an account for as little as $1, making FXDD a highly affordable option that offers attractive conditions and advanced trading technology.
FXDD Account Types
FXDD offers traders access to the following two account types:
➡️️ Standard
➡️️ ECN
Each of these account types offers the same spreads, rollover rates, charts, and fees. Traders can also apply for a swap-free Islamic Account, which will have the same conditions. Professional and institutional clients can apply for a corporate account.
FXDD Account Features
The differences between the account types can be categorized into two categories, namely Standard and ECN Accounts.
Standard Accounts
Designed more for self-directed traders, the broker’s low standard spreads are commission-free without compromising on high standard of execution and service.
The standard accounts have the following features:
➡️️ Guaranteed 0 slippages on entry orders.
➡️️ Fill-or-kill execution with no partial fills.
➡️️ No commissions.
➡️️ Price improvements available on limit orders.
ECN Accounts
On these accounts, the ECN style pricing is tested tradable with high-speed execution and a high fill rate over 99%. The raw direct spreads have no mark-up and a very small commission cost per trade. These accounts also have the following defining features:
➡️️ Price improvements available on limit orders.
➡️️ No partial fills.
The features of these accounts will further depend on the selected trading platform. As such, each platform offers different advantages, described in more detail below.
MetaTrader 4
➡️️ Trade forex, stocks, indices, and commodities.
➡️️ Expert Advisors fully supported.
➡️️ Leverage from 1:1 to 1:500‡.
➡️️ Windows, Mac, Web, iOS, Android supported.
➡️️ Instant orders with “Fill or Kill” execution.
➡️️ Default leverage is set at 1:200, higher leverage must be requested and subject to approval.
MetaTrader 5
➡️️ Improved Charting Tools.
➡️️ More Pending Order Types.
➡️️ Economic Events Directly on Your Charts.
➡️️ Built-In Marketplace.
➡️️ Upgraded Strategy Tester.
➡️️ Trade on the Go with MetaTrader 5 Mobile.
➡️️ MetaTrader 5 Web Trading – Trade the Markets from any Browser.
WebTrader
➡️️ Trade forex, stocks, indices, and commodities.
➡️️ Expert Advisors fully supported.
➡️️ Leverage from 1:1 to 1:500.
➡️️ Windows, Mac, Web, iOS, Android supported.
➡️️ Trade from anywhere with the same interface.
➡️️ Position-based trading system.
ZuluTrade
➡️️ Select from a vast library of signal providers available at no cost.
➡️️ Find the best provider for your style of trading by using the advanced search feature.
➡️️ Analyze performance metrics to further narrow your selection.
➡️️ A web-based platform is compatible with any operating system.
➡️️ Advanced search feature to find desired strategies.
➡️️ Manual, semi-automated, or automated trading all in one platform.
Demo Account
The free demo account from FXDD grants users access to all the trading platforms, depending on their selection, and is funded with virtual currency. Using the demo account, users can test the features described above in a simulated trade environment without incurring any risk before deciding whether to sign up for a live trading account.
Islamic Account
The Islamic Account from FXDD is available as a swap-free version for the existing swap-rated account types. Traders can apply for a swap-free account after completing the registration process for a live account. The Islamic Account from FXDD will have the same trading features, including spreads, commissions, and platforms, as those on the swap-rated accounts.
Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law. With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide. An Islamic Forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.
Min Deposit USD 0 Regulators FSC, MFSA, LFSA, SBS Trading Platform MT4, MT5, WebTrader, FXDD Mobile Crypto Yes Total Pairs 90+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
FXDD Pros and Cons
| ✔️ Pros | ❌ Cons |
| ECN connectivity | High additional trading fees, such as inactivity fees |
| Excellent customer support | High withdrawal fees on bank wire transfers |
| Extremely low minimum deposit | |
| Full MetaTrader suite available | |
| Low commissions | |
| Tight spreads |
Conclusion
FXDD does not offer bonuses or promotions to its clients. However, there are attractive partnership programs available.
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Frequently Asked Questions
Trading environment
How many instruments can I trade with FXDD?
FXDD offers traders access to the following asset classes:
- Forex – 67 major currency pairs including EURUSD, USDJPY, and GBPAUD
- Company stocks – including Facebook, Apple, and Amazon
- Commodities – including gold, silver, and energies
- Indices – including the UK100 and GER30
Which platforms are supported by FXDD?
MetaTrader 4, MetaTrader 5, FXDD WebTrader.
Does FXDD offer leverage?
Yes. FXDD offers the following leverage ratios per asset class:
- Forex – 1:30
- Commodities – 1:20
- Indices – 1:20
- Stocks – 1:5
What spreads can I expect with FXDD?
FXDD Trading Ltd offers competitive forex spreads as low as 0.3 pips on USDJPY and 0.7 pips on EURUSD.
Does FXDD charge commission?
Yes, FXDD commissions are dependent on your account. The broker charges no commission on trades using the Standard account; however, commissions are charged on ECN accounts.
Are there additional charges on the Islamic account?
No.
Is FXDD regulated?
Yes. FXDD is regulated by the Malta Financial Services Authority (MFSA).
Is FXDD a recommended forex trading broker for experts and beginners?
Yes. FXDD offers an excellent trading environment for both beginner and expert traders.
What is the overall rating out of 10 for FXDD?
8/10.
Accounts
What is the difference between a demo and a live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does FXDD offer a demo account?
Yes, FXDD offers a free demo account to all new traders.
For how long is the demo account valid?
A demo account is good for 90 days, beginning the first day of sign-up. On the 90th day, your account will become inactive.
If you require additional time before opening a live account, you may register for more than one demo account on either of the broker’s platforms.
Also, you may contact customer support to request an extension for a demo account.
Does FXDD offer the option of an Islamic Account?
Yes.
Which live trading accounts does FXDD offer?
FXDD offers three different account types:
- Mini
- Micro
- Standard
What are the available deposit currencies for a live trading account?
FXDD accepts deposits in USD, EUR, GBP, JPY, CHF and BTC. Traders depositing in smaller currencies, such as ZAR/Rand, will incur conversion fees.
Deposits and withdrawals
What is the minimum deposit for FXDD?
The minimum deposit amount required to open a broker account with FXDD is £1/$1. This is an extremely low minimum deposit amount and should present no barrier of entry to new traders.
How do I make a deposit and withdrawal with FXDD?
FXDD offers a fairly limited though popular list of accepted deposit methods, which include the following:
- Credit cards
- Bank wires
- Neteller
- Skrill
- PayPal
- ClickandBuy
Does FXDD charge withdrawal fees?
For withdrawals made through wire transfer, FXDD will cover the costs of the first withdrawal per client each calendar month.
Additional redemptions from any of the client’s accounts during the same calendar month will result in a $40 charge per redemption. Minimum redemption amount for wires is $100. If the redemption amount is less than $100 there will be an additional $25 fee charged.
All other payment processes will not incur withdrawal fees.
How long does it take to make a withdrawal?
To withdraw profits, clients must complete a funds withdrawal redemption form. Redemption requests require 24-48 hours to process.
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