FXDD Review

FXDD Review – 5 key points quick overview:

Who is FXDD?

FXDD makes use of ECN based technology. FXDD provides clients with low spreads and no commission fees that are charged. FXDD serves over 400,000 clients and its transacted volume is up to $7.3 trillion. FXDD offers traders competitive prices and trading conditions.

Provision is also made for a variety of trading platforms available for a series of devices and web browsers. As a broker that has been around for over 21 years, FXDD has built up a noteworthy reputation through its provision of superior service.

Safe or Scam?

FXDD is part of an EU company that not only complies with certain law requirements, but also 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 and the FSA in Labuan & SBS in Peru.

FXDD provides services within the EEA zone as a European regulator and it is also registered with the partner EU authorities which are regulated and authorized by the MiFID.

FXDD is a trustable partner and clients can be assured of protection at every stage when using this broker. Client funds are kept in segregated accounts which prohibits FXDD from using these funds for any reasons.

FXDD Pros and Cons

LEVERAGE

FXDD offers EU traders set leverage depending on the financial instrument as indicated below:

• 1:2 leverage on USD/CNH, USD/HKD, EUR/TRY, EUR/DKK, USD/DKK, USD/TRY, JPY/TRY
• 5:1 leverage on USD/MXN, EUR/MXN
• Up to 20:1 leverage on XAU/USD, XAG/USD, XAU/EUR, XAG/EUR, XPT/USD, OIL/USD, NATGAS, UKOIL, COPPER
• 20:1 leverage on single stocks
• 1:10 or 10% margin requirement on Cryptocurrencies, and
• 20:1 max on Indices CFD Instruments.

Traders residing outside the EU have different leverage restrictions. For more information on leverage please contact the FXDD support at [email protected]

Should the leverage offering not be as indicated above, the full leverage on the trading account used by the trader will be used for purposes of determining the margin requirement.

Traders need to be aware that margin requirements and leverage can be changed should conditions warranted and FXDD reserves the right to make these changes where and when needed.

Traders need to be aware that higher levels of leverage may hold potential for gains, but at the same time it may also put traders at risk of losing more than their initial deposit.

ACCOUNTS

FXDD provides traders with two account options, namely the Standard or ECN pricing accounts. The Cent, Micro and Mini account options are available within the Standard and ECN account types.

The Standard Pricing Account offers traders low spreads along with no commission fees.

The features of this account include:

• Entry orders come with a guaranteed 0 slippage
• Fill-or-kill executions without partial fills
• No commission fees that are charged
• Limit orders with price improvements available

ECN Pricing Account

With the ECN Pricing Account, traders have access to raw spreads that do not have mark-up with the added benefit of low commission costs that are charged per trade. The fill rate on this account is over 99% and high speed execution is guaranteed

The ECN Pricing commission is charged as follows:

• Per 1,000 on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, EUR/JPY, GPB/JPY charged $0.0299, and $0.299 per 10,000
• All others are charged $0,0499 per 1,000 and $0,499 per 10,000

In addition, with the ECN Pricing Account comes price improvements which are available on limit orders and the absence of partial fills.

The spreads offered by FXDD is determined by the type of account that the trader holds along with the financial instrument traded.

MARKET INSTRUMENTS

FXDD offers trading market instruments such as:

• Forex
• Metals
• Energies
• Indices
• Cryptocurrencies
• Stocks
• ETFs
• Futures

Forex

With FXDD, traders have access to over 90 currency pairs which include major, minor and exotic crosses. The offerings on Forex depend on the type of account that the trader has, whether it is the Standard Pricing or the ECN Pricing account.

The spread offered on Forex is also determined by the currency pair along with the type of account that the trader has, for instance:

Standard Pricing Account:

• USD/JPY – 2.4 pips
• EUR/USD – 1.8 pips
• GBP/USD – 2.5 pips

ECN Pricing Account:

• USD/JPY – 0.5 pips
• EUR/USD – 0.4 pips
• GBP/USD – 0.5 pips

Metals

FXDD offers the opportunity to trade in Gold and Silver in USD and EUR terms along with the trading of Copper, Platinum and Palladium.

Gold is offered at 100 Ounces Standard Lot with a $1 point value per standard lot and variable spreads of between 15 – 46 cents. Silver is offered at 1,000 ounces per standard lot with a $10 point value per standard lot and variable spreads between 3 – 9 cents.

Both Platinum and Palladium are offered at 100 Ounces per Standard Lot with $1 point value per Standard Lot. Platinum have variable spreads of $2.00 and Palladium $1.60

In addition, the trading of metals has a spread which is determined not only by the currency the metal is paired with, but also the type of account that the trader has.

CFDs

The offering that FXDD provides includes trade in energies such as WTI Oil, Brent Oil and Natural gas. The spread offered is determined as such:

Standard Pricing Account:

• OIL/USD – 0.5 pips
• NATGAS – 0.06 pips
• OIL – 0.06 pips

ECN Pricing Account:

• OIL/USD – 0.04 pips
• NATGAS – 0.03 pips
• OIL – 0.07 pips

Indices

FXDD offers traders access to trade in indices such as the AUS200, FRA40, GER30, UK100 and several others. The spreads offered is determined by the type of account that the trader has along with the indices the trader decides to trade.

Stocks

FXDD offers an extensive amount of stocks such as Apple, Facebook, Amazon, Tesla and several others. The type of account along with the stock that the trader trades will determine the spread that is offered.

Cryptocurrencies

Unfortunately, there is no information pertaining to Cryptocurrencies provided on the FXDD website under market instruments.

FEES

There is no minimum deposit required at FXDD when opening either a Standard Pricing or an ECN Pricing account. There are marked-up variable spreads with an absence of commission fees when choosing a Standard Pricing Account.

There are also fees involved with withdrawals after the first withdrawal of every month, which is covered by FXDD. Further withdrawals are charged at an additional $40.

The ECN account, although, has lower direct raw variable spreads but FXDD offers competitive, but relatively low, commission fees of $3.

Traders also need to take note of rollover or overnight fees should positions be held longer than a day. These fees are determined by each individual financial instrument.

In addition, FXDD also charges an inactivity fee should the account be inactive on a quarterly basis. This fee is either equal to the lesser remaining balance in the trader’s account or $30.

DEPOSIT AND WITHDRAWAL

The depositing of funds can either be done using Debit/Credit card, Neteller, UnionPay, Wire Transfer or other methods depending on the traders’ jurisdiction. Currencies in which deposits can be made include USD, EUR, GBP, JPY, CHF, USDT and BTC.

Deposits and withdrawals may not be done using third-party payments. Deposits that are made into the trading account must be under the same name in which the trading account was registered.

When withdrawals are made, traders need to acknowledge that the first withdrawal in each calendar month is not charged as FXDD covers the costs, but withdrawals afterwards will be charged at an additional $40.

In addition, the minimum amount that can be drawn is set at $100. Withdrawals can be made by visiting the client portal on the website and requesting a withdrawal.

TRADING PLATFORMS

FXDD offers traders a choice between trading platforms such as MetaTrader 4, MetaTrader 5 which are offered on both mobile and web platforms. FXDD also offers FXDD WebTrader and FXDD Mobile which can be used.

MetaTrader 4

This is the most popular and dominant platform which is used in the trading community. MT4 not only has powerful charting and trading tools which makes it the best in its class, but it also features a user-friendly and intuitive interface.

MetaTrader 4 features also include:

• An interface which is highly customizable
• Access to real time price quotes
• 9 chart timeframes
• 3 chart types
• The option of enabling one click trading
• Alerts and notifications
• The option to automate trading
• More than 50 technical indicators, and several more

MetaTrader 4 mobile can make use of this platform on devices with either Android or iOS devices to trade from anywhere in the world. The mobile app features the same as the standard MetaTrader 4 platform with the ability to trade on the go.

MetaTrader 4 web has the same capabilities as the other MT4 platforms, but it also has the added benefit of being compatible with some of the most popular web browsers. There is no need to download or install additional software to use this platform.

MetaTrader 5

This is the upgrade on MetaTrader 4 and although the features are standard to that than its predecessor, MT5 has several more functions, such as:

• Additional graphical charting tools
• More technical indicators
• More time frames
• Ability to use a multi-currency strategy tester, and more

MetaTrader 5 mobile provides users with the ability to trade financial instruments while on the go. This platform features the very same as that of the desktop platform and can be downloaded from relevant app stores for devices using Android and iOS software.

MetaTrader 5 Web is available on most popular browsers without having to download or install additional software. This trading platform is compatible with Windows, Mac OS X or Linux-based computers that have both a browser and an internet connection.

FXDD WebTrader

This is FXDD’s in-house trading platform which is available to traders who either have a Standard Pricing or ECN Pricing Account. The WebTrader has the following features:

• Intuitive web-based interface
• Easy access to a variety of markets anytime and from anywhere
• Simple enough to be used by beginner traders
• Offers a variety of charting tools catering for traders who are more experienced
• Customisable charting
• Scripting and indicators are readily available
• One click order execution supported on this trading platform, and several more

FXDD Mobile

FXDD’s proprietary platform, FXDD Mobile, offers traders a cutting-edge trading experience right at their fingertips. With its interactive app and easy-to-use interface, both beginners and experienced traders can navigate the platform effortlessly. What sets FXDD Mobile apart is its commitment to customer value: there are no commission fees, ensuring transparent and cost-effective trading. Moreover, the platform boasts instant order execution, allowing traders to seize opportunities without delay. For those interested in automated trading, FXDD Mobile supports Expert Advisors (EAs), making it a versatile choice for a wide range of traders.

HOW TO OPEN AN ACCOUNT

The FXDD review is a simple and easy. FXDD does not have a lengthy process when opening an account. Before opening an account, it is necessary to register for the customer portal. As soon as this has been done, the application for a trading account can be completed.

In addition to basic information needed, FXDD also requires documentation to verify the applicants identity and proof of residence. This is part of a KYC process which is required from most brokers.

Once the information along with the documentation has been verified by a member of the accounts team, the account will be open for funding and trading can then commence.

CUSTOMER SUPPORT

FXDD provides support to its clients 24-hours a day from Sunday 5PM to Friday 4:55PM EST. FXDD can either be contacted telephonically or via email.

Alternatively, clients can also fill in a request form on the ‘Contact Us’ page which will allow a support team member to contact the client, or clients can make use of the Live Chat function which is available on all pages of the website.

Provision is also made in the form of a FAQ section, which covers topics such as:

• Accounts
• Deposits and Withdrawals
• Trading
• Trading Platforms
• Pricing and Slippage, and
• Complaints

EDUCATION

FXDD provides a variety of helpful educational tools and materials on the website including:

• Trading guides
• Tutorials
• Updated Market Analysis

The trading guides provided by FXDD can aid not only beginners in understanding the trading community but can also serve as a point of reference for more intermediate and experienced traders.

These trading guides can either be downloaded as PDF, or can be viewed online

FXDD also offers live trading and education programs which are regularly scheduled, and provision is made for weekly live video sessions.

FXDD also provides a Glossary and a section for FAQs that covers a variety of topics along with access to questions that are more frequently asked pertaining to trading, the services FXDD provides and other topics.

RESEARCH

FXDD makes provision for a variety of research tools, such as:

Trading Central

Which provides traders not only with quality technical analysis, but also fundamental analysis. This can be accessed through the client portal on the website and via the MetaTrader 4 indicator plugin.

Trading Calculators

There are a range of calculators that can be used to calculate margin values, position sizes, Fibonacci levels and several others.

FXDD also provides a Virtual Private Servers. The VPS is only free of charge to traders who maintain a minimum balance of $2,500 along with trading a minimum of 5 lots per month. With the VPS, traders can run their trading platform 24/7.

MetaQuotes also provides traders with access to an Economic Calendar which not only displays the latest economic news, but also previous, forecasted and actual results pertaining to such news releases.

AWARDS

FXDD’s excellence can be reflected by the most recent awards won by the broker: 

‘Most Reputable Forex Broker’ – Dubai Forex Expo 2025

‘Most Transparent Broker – Europe’ – Forex Ratings 2025

‘Best FX Provider MENA’ – Dubai Forex Expo 2025

‘Best Customer Service Broker’ – Forex Traders Summit 2025

CONCLUSION

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 amongst its peers.

The trading platforms are simple, yet affective in meeting the needs of traders of various experience levels. The educational tools along with research tools not only cater for beginner traders but serve as tools and point of reference for experienced traders.

You might also like: FXDD Account Types Overview

You might also like: FXDD Demo Account – Step by Step

You might also like: FXDD Fees and Spreads

You might also like: FXDD Islamic Account Overview

You might also like: FXDD Minimum Deposit

You might also like: FXDD Sign up Bonus

DISCLAIMER

Due to the high level or 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.

Traders need to not only consider their objectives pertaining to investment, but also their level of experience and their risk tolerance. The high level of risk involved may result in losses that exceed the initial deposit.

Should traders deem it necessary, they may seek advice from independent financial advisors to aid them in evaluating their objectives and tolerance to risks before they make any decisions that may cause loss or damages, According to research in South Africa.

[site_reviews assigned_posts=”post_id”]
[site_reviews_form assigned_posts=”post_id”]