Customer support is available 24 hours a day from Sunday 5PM to Friday 4PM. And there are a couple of numbers to ring. They are kind enough to mention that some calls could be routed through their New York offices, so it doesn’t come as a surprise when you speak with someone who has an American accent. There are two email addresses, one for sales and one for support. And they have also been kind enough to give a postal address should you feel the need to put pen to paper. Before you choose to trade with FXDD, it’s important to understand their pricing structure.
They provide you with access to a reasonable selection of multi-asset trading instruments in a regulated environment so you can trade in comfort. They have simple yet powerful trading platforms including the ever popular MetaTrader platform and their very own proprietary web platform. There are trading accounts with and without commission, the ECN account having the lower spread overall.
They still did not send the money to my bank account or credit card. They always said ‘tomorrow you will see it on your account’ But still they did not sent my money. But the worst is their dealing desk who constantly were closing my positions. Even after I gave them all evidence and screenshots they would never admit it. They would never explain me who closed my trades in the middle of night.
FXDD provides over ten different trading instruments, covering over currency pairings. We’ve summarised all of the different types of instruments supplied by FXDD below, along with comparisons to the instruments offered by IG and XTB. The range of deposit options includes credit cards, bank wire, China UnionPay, and Neteller. Details of these banking methods are available under the deposit tab on the top right of the screen.
You can contact an FXDD representative by phone 24-hours a day from Sunday 5 PM to Friday 4 PM EST, and the support team will also reply to your e-mail as quick as possible. The company cares about their clients which many customer reviews confirm. FXDD company offers several platform options, such are most popular trading platform MetaTrader 4, it also has MTXtreme, AUTO platform, PowerTrader, VikingTrader, and their FXDD Trader. It means that it has a broad range of possibilities for the clients who use platforms other than MetaTrader 4, which is a significant advantage for many of those who are interested in FXDD´s services.
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It provides real-time information, reporting options and a full list of order types. In the ECN Pricing account, major pairs have a commission of $0.0299 per 1,000 and $0.299 per 10,000. There is a fee of $30 for inactivityafter 90 days with no trades executions. The commodity pairs, or XM Forex Broker Review commodity currencies, are those forex currency pairs from countries with large amounts of commodity reserves. Traders and investors looking to gain exposure to commodity price fluctuations often take positions in commodity currency pairs as a proxy investment to buying commodities.
They have also developed an in-house application that can keep track of any discrepancies of price levels and latency of all price feeds. This makes sure that they can continue to provide top-class trading conditions at all times. I would compare them to XM Group in terms of pricing and execution. Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. Registered in Malta, so regulators do not restrict the provision of leverage.
Is Fxdd a good broker?
The overall user experience is smooth and enjoyable, with a variety of informative trading tools that are intuitive to use. Overall, FXDD is a comprehensive, low-commission online forex broker with a good range of asset types and platforms to choose from.
Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
You can also get a free VPS from Switch Markets if this is something you are specifically looking for in a broker. Therefore, it engages and includes more than several million traders from all over the world, who are willing to earn some money on a side. Moreover, this is the market which can offer them just that, but it can also make them lose all. The first rule in Forex market is to be careful how to operate with the funds you have – where to deposit the money and how much to invest. The first precaution should be to work with the regulated company. FXDD is one of the largest dealers in the foreign exchange industry.
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Below is a list of trading cost examples for buying and selling the EUR/USD and the EUR/GBP, holding the trade for one night and seven nights, in the commission based FXDD account. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The FXDD is a pretty popular Forex broker whose headquarters is located in the heart of the financial district of New York. It should be noted that the activity of the company is regulated by the Malta Financial Services Authority . This is rather a reliable and credible regulatory body, which rules and standards fully comply with the provisions of the EU Markets in Financial Instruments Directive .
However, automated trading is not available on the web platform so you will need to use the desktop platform if that is something which you are looking for. MT4 has a built in MetaEditor where users can programme their own custom indicators or automated trading systems in the MQL4 language. There is a built-in strategy test for historical testing of expert advisors.
I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. Together with that, informative guides and the introduction into the trading for those who require so, the FXDD enables to start trading in the right direction by the educational support and materials. Moreover, the market analysis prepared by the in-house experts delivers daily insights into the global markets. The company FXDD decided to offer two different account types based on the pricing models, thus the account types Standard and ECN available through both platforms MT4 and MT5. It allows traders to check positions directly from charts and build strategies based on multiple currency pairs.
Forex malta provides its products and services to individual traders, institutional investors, hedge funds, commercial entities, brokerages, money managers and other financial institutions worldwide. Besides, the company has representative offices and sales departments throughout the world. The company renders its products and services to customers from more than two hundred countries internationally. The broker fxdd customer support is multilingual – the team consists of more than two hundred specialists who help the customers in thirteen different European and Asian languages. Fxdd malta provides its trading solutions on the 24 hour a day basis with competitive pricing, fully automatic odrer execution, helpful and responsive support.
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FXDD primarily acts as a counterparty to client’s trades, executing them at the best prices offered by their liquidity providers . The system implemented will automatically select the best available price to display on client’s platforms. Despite this conflict of interest, most client orders are executed top of the book with no discrimination in prices between clients and no compromise on execution.
They are one of a few brokers I have come across who allow crypto accounts. You just need to register for the customer portal and can then apply to open a trading account. The broker will require some form of identification such as a passport or driver’s license and proof of address such as a recent utility bill. This is a normal part of the KYC procedure and once your documents have been verified by the accounts team you will be able to fund your account and commence trading. It shouldn’t take more than a few minutes to complete the process as everything is done online. I actually use a third-party VPS and find it to be an invaluable tool.
FXDD uses an array of trading platforms
If you are just looking for convenient market access with basic trading strategies, MT4 should be more than sufficient. However, of you are looking to trade stocks and want to use complex trading systems, you might edge more towards MT5. Either way, I think both platforms are excellent for all types of trader. MT4 is the dominant platform in the industry, primarily due to its powerful charting and trading tools. It is known for its user-friendly intuitive interface and offers a pleasurable trading environment with all the functionality required for most novice and experienced traders.
They also operate as an agent in which instance client’s transactions are received and transmitted to other liquidity providers. FXDD offer three different accounts, and the choice will depend on the number of people trading. There is an individual account, which obviously is only for one person. There is also a joint account for two or more traders who want to trade together. Joint accounts must be supported by a customer agreement form signed by the individuals who are party to the account.
Is FXDD legitimate?
No, FXDD is not a scam is a regulated broker with low risk trading. FXDD Malta Limited as a part of the EU company that respectively complies with the law requirements in terms of the financial service companies and holds an Investment Service Category 3 License.
Both Android and iOS apps are supported, featuring full charting packages and access to all trading functionality. You can easily execute trades and check positions from anywhere at any time, provided you have an internet connection. I am often checking the MetaTrader app to see how my traders or performing.
As Sharia law prohibits the accumulation of interest, traders with Islamic accounts do not pay or receive interest rates. Leverage is the use of borrowed funds to increase one’s trading position beyond what would be available from their cash balance alone. Forex traders often use leverage to profit from relatively small price changes in currency pairs. Leverage, however, can amplify both profits as well as losses.
This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date. This broker did not score well during our testing process and is not recommended by our experts.
Direct Market Access
If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. FXDD remains fully compliant with two regulators and maintains a safe trading environment. The Malta Financial Services Authority and the Financial Services Commission in Mauritius provide the regulatory environment for FXDD. FXDD also sources in-depth analytics from TraderMade, which delivers numerous trading ideas daily. The overall research section, especially Trading Central and TraderMade, represents a competitive product.
To submit your own Forex Broker review for FXDD fill the form below. Your review will be checked by a moderator and published on this page. You’ll also oanda forex broker review need to answer a few basic compliance questions to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.
FXDD.com provides MetaTrader 4 software which is the best Forex trading platform according to reviews. It features strategy testing tools and resources, with a wide range of markets. The charting tools and resources are vastly improved on MT5, and clients can enjoy full mobile functionality across multiple browsers.
It is available with ECN and standard pricing whilst being simple enough for novice traders to use and containing enough robust charting tools for the more experienced traders. I found it easy to use and had all of the functions that I needed to analyse the charts, place and manage trades. In saying that, it doesn’t compare to MetaTrader when it comes to add-ons and automated trading. Founded in 2002, FXDD are a regulated online broker with flexible trading platforms and accounts. They have a good selection of useful trading tools with daily market analysis and educational materials to help you find trading signals and make informed decisions. None of the blogs or other sources of information is to be considered as constituting a track record.
It’s not possible to get cashback or rebate on existing accounts. It’s not fxdd, and it’s not my bank (the last one i’m sure)… I sent second request on 22 Dec 2015 ($525) They have started the operation by taking the money from my account on 23 Dec 2015.
I was scammed twice before by fake recovery company who said they could help but didn’t. They only say that the money is sent, and do not provide evidence. I rank trading costs among the most defining aspects when evaluating a Forex broker, as they directly impact profitability. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.
As the majority of Forex brokers, FXCC also offers to use leverage, a powerful tool to increase the potential of gains through its possibility to multiple initial accounts balance. However, leverage should be used smartly as it increases the power of losses as well. The company operated already 15 years in the business while serving over 350 thousand accounts with 7.3 trillion transacted volume. The available trading markets include execution of orders over Stocks, Commodities, Indices as well as Cryptocurrencies with Bitcoin, Ethereum, Litecoin and Ripple are now presented also. The customer service is offered in English, Spanish, Italian, Japanese, Chinese and Vietnamese. Help future customers by talking about customer service, price, delivery, returns & refunds.
I am a huge fan of the MetaTrader platforms as I find them very easy to use. I like that they have plenty of trading tools available for in-depth market analysis whilst you can find many free or paid add-ons to further enhance the platforms capabilities. They are excellent for automated trading systems and a no-nonsense approach to online trading of forex and other CFD instruments.