FXDD was created in New York in 2002 and is based in Malta. Since 2004, the company has been trading under the leadership of its CEO, with 400,000 accounts opened. The Malta Financial Services Authority (MSFA) regulates FXDD Europe, which is licensed to provide services in all EEA countries under EU MiFID legislation.
FXDD is owned by FXDD Malta Ltd. and FX DirectDealer LLC, Jersey City, and handles part of the services for the Malta company. FXDD Mauritius and FXDD Bermuda Limited give group trading permits. Clients come from all over the world, from the United Kingdom to Indonesia and Japan.
The company provides a variety of trading platforms to suit different levels of experience. A mobile trading app is included with all platforms.
industry-recognized, yet upgraded with specific technology to provide users with a better trading experience. You can trade with MT4 on your desktop or using the main web browsers.
The main features of MT4:
- online store
- Video tutorials and guides
- Expert Advisors for Automated Trading
- A multiterminal allows you to access multiple accounts from a single interface.
- highly customizable interface backed by unrivaled chart packaging.
For more experienced traders, the broker also offers the MT5 platform, which is available for free download on desktop computers and through major online browsers. MetaTrader 5’s main features include:
- Improved strategy tester
- range of pending order types
- Advanced graphical trading tools
- A built-in calendar of economic events
- The ability to add 1-minute MT5 historical data directly to charts
- built-in marketplace for buying or renting technical indicators or signal providers.
This trading platform is a broker-developed solution that has been refined over time to meet the needs of advanced traders. WebTrader’s main features include:
- Low price
- Scenarios available
- Position-based trading
- Quick and easy registration
- Order execution in one click.
- Market financials in detail
- Highly customizable financial indicator charts.
Clients are offered access to the following financial markets:
- 67 major currency pairs in Forex
- Shares of companies
- Commodities, including gold, silver, and energy.
- The broker also offers binary options.
The company offers spreads as low as 0.3 pips for USDJPY and 0.7 pips for EURUSD. The broker does not charge a commission on trades executed using a normal account, but the commission is levied on trades executed through an ECN account. The company also charges swap rates on overnight positions; more information is available on the broker’s website.
The maximum leverage is 1:30, according to ESMA rules.
- 1:30 p.m.
- Goods (1:20)
- 1:20 Indices
- 1:5 Promotions
Mobile trading is offered on the MT4 and MT5 systems, which are compatible with iOS and Android devices. Full graphics packages and trading functions present in desktop terminals are supported by the mobile offering.
FXDD Mobile, the broker’s optional mobile trading app, is also available. While on the go, users can access analyst reviews and global news sources using this app’s simple layout. Traders can leverage data feeds and a high-speed server to manage deals with a single click of a button using the app.
Clients can deposit funds for free through the FXDD Client Portal. Deposits can be made in a variety of currencies, including US dollars, euros, and pounds sterling.
The following are some of the deposit options:
- Credit cards
- Bank transfers
Customers must fill out a refund request to withdraw their winnings. Redemption requests take between 24 and 48 hours to process. Customers can also use the fund’s transfer form to transfer funds between existing and new accounts.
The broker pays for the first withdrawal of each calendar month, but there is a $40 fee for subsequent disbursements. For wire transfer withdrawals, the minimum redemption amount is $100; any withdrawals below this amount will be charged a $25 fee. FXDD offers to contact you by phone if you have any problems withdrawing cash.
On all trading platforms, the broker provides a demo. To test their talents with $3,000 in virtual funds, clients simply fill out an online registration form. Demo accounts are good for 90 days. However, you can request more time from the support team.
Demo accounts allow you to practice trading instruments like forex while getting to know the FXDD trading platform software. It should be noted, however, that while demo account prices are based on real-world costs, they are slightly different.
The website includes a comprehensive educational platform that includes courses and tools like rollover rates, margin calculators, and position sizing calculators.
Clients can also access daily and weekly market reviews, instructional materials, a blog, and an economic calendar via the broker’s website. Currency pairs, emerging markets, and commodities are just a few of the themes covered in trader’s guides. There’s also a glossary of financial terms with ratings and a FAQ section.