FXDD offers a Demo Account for first-time traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
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 Demo Account below.
FXDD Demo Account – 5 key points quick overview:
- ✔️How to set up a Demo Account – Step by Step
- ✔️FXDD Demo Account Features
- ✔️FXDD Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is an overview of the FXDD Demo Account as well as the features that are offered.
How to set up a Demo Account – Step by Step
To open a free demo account from FXDD, traders can follow these simple steps:
Step 1 – Visit the official FXDD website
Locate and visit the official website of FXDD.
Step 2 – Click on the “start trading” tab
Locate and click on the “start trading” tab on the top right of the menu.
Step 3 – Click on the “Demo Account” tab
Click on the demo account tab when choosing your preferred account type.
Step 4 – Fill in the form
Fill in all your required personal details.
Step 5 – Choose your trading platform
Choose your trading platform and start trading.
A forex demo account is also referred to as a practice account, which is used for practicing trading or to test a new trading strategy without any risk to actual money. A forex demo account is also intended for beginners to get familiar with the various aspects of trading. As such, a demo account will allow traders to learn how to place orders, and manage existing trade positions as well as more advanced functions such as testing or fine-tuning a trading strategy.
If you are new to trading, then it is highly recommended that you first open a forex demo account until you are comfortable with both your trading strategy as well as the intended trading platform itself.
FXDD Demo Account Features
The demo accounts for FXDD’s platforms are intended to offer you an opportunity to become familiar with the software and to be able to ask questions about its use. The pricing on the demo platforms, while indicative of live pricing, is not a mirror image of what you will see if you sign-up for a live account.
The pricing and spreads are indicative and should give you a good feeling for how a live account would function. Demo trading is only available during regular trading hours (Sunday 5 p.m. thru Friday 5 p.m. EST). 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. Based on certain terms and conditions customers with active live accounts can also have non-expiring demo accounts.
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 |
| Demo account grants full access to trading platforms | |
| Easy demo account sign-up process |
Conclusion
FXDD does offer a demo account option for traders who are new to trading and want to learn how to trade. FXDD is not only a trusted broker but also a reputable one due to its compliance with some of the highest operational standards. In addition to this, FXDD offers traders competitive prices, spreads and trading conditions which sets it apart from its peers.
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Frequently Asked Questions
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?
It is good for 90 days, beginning the first day of sign-up. The account becomes inactive on the 90th day. 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.
Which live trading accounts does FXDD offer?
FXDD offers three different account types, which consist of:
- 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 likely incur conversion fees.
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