FXDD Review or why experience does not guarantee a profit.
Registration, financial regulation
The FXDD ECN-broker was registered in Malta in 2002 as a subsidiary of Compagnie Financière Tradition. Despite the fact that the company’s office is located in the USA, its activities are regulated by MFSA (Malta). There is information on the network that FXDD is licensed by NSA, but there is no such data on the site www.FXDD.com.
Warranties and insurance
For large customers, the FXDD global broker offers segregated trading accounts according to the MFSA scheme, which involves compensation of losses of not more than € 20,000. The company does not participate in other client investment protection programs.
Currency pairs, CFDs on metals, oil, crypto currencies, indices, stocks, FXDD binary options are offered for FXDD trading. The number of trading assets, especially in crypto currencies, is significantly inferior to younger rivals.
- FXDD minimum deposit: from $ 250.
- Leverage: from 1: 2 to 1: 200.
- Minimum spreads from 0.3 pips and very comfortable rollovers.
- Trading account is supported in $, €, ¥, £.
- The minimum transaction volume is 0.1 lot.
FXDD broker’s access to constant large liquidity allows customers to guarantee tight spreads, transparent pricing, and transactions with flexible conditions, in particular, percentage or volume distribution of transactions.
For technical analysis and testing strategies, customers can the FXDD historical data download for the past 15 years.
In addition to standard orders, trading orders of the OCO type (One-Cancels-Other) are offered. The company works without commissions, and part of the income, as is customary in classical exchange schemes, earns on spreads.
There are no restrictions on trading methods for FXDD trader: in addition to traditional strategies, scalping, hedging, and binary options bets are allowed.
The broker offers several types of trading accounts:
- personal trading deposit;
- joint account (management of a real deposit by more than one client)
- corporate FXDD trading account (trading account opened in the name of the company)
- trust account (trust management).
There are mini-versions of FXDD deposit, a 90-day demo account on any available trading platform.
The company offers standard versions of FXDD MetaTrader 4 (5), FXDD Trader and the WebTrader online application, without any technical features. You can connect software for multi-terminal management of trading accounts, access to Trading Central and AutoChartist signals, as well as a module for implementing and programming trading algorithms.
Deposit and withdrawal
The broker FXDD strongly recommends banking methods of mutual settlements, although he does not refuse electronic payment systems, nevertheless, he prefers PayPal. The company conducts deposit replenishment and withdrawal operations without commission. The withdrawal time is 5-7 days, but, as a rule, these requirements are not really complied with.
The support service on FXDD.com is announced as round-the-clock and works according to the classical scheme − FXDD live chat, ticket system, call back, personal manager for VIP clients − but not promptly and poorly. The company is not enough modern specialists.
A standard set of reference and training information on the site, interactive seminars with experts are offered.
Information support and social communications
In social networks, FXDD is represented in a minimal amount, there is practically no activity. The company’s website has a minimal news feed, several analysts with regular reviews (FXDD video), and standard technical tools (FXDD calculator). There are no factors that could compete with modern information methods.
Bonuses & Promos & Partnership
Advertising is not active for a narrow target audience. On the site, you can find a mention of affiliate programs, FXDD bonuses for attracting customers and prize contests, but the relevance of this information could not be verified. The company focuses on large customers who are not interested in such promotion methods.
Аnd look how well that turned out?
The FXDD broker loses to more modern competitors by all criteria, also, there are many negative reviews about its activities. There is little reliable information about the company and FXDD more and more resembles a standard forex scam project.
Overall assessment from the point of view of the prospective client: 66 marks out of 100
You are free in your final choice and let it be the right one!