FXDD Review 2020

FXDD Rated 2/5
learn more Learn more about XTB. Your capital is at risk

FXDD Guide

FXDD are an online broker founded in 2002 offering Forex trading, and Social Trading trading.

FXDD are a global broker and have a head office in United States.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of FXDD we break down the pros and cons. What FXDD are able to offer, what countries FXDD are available in. Who FXDD are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with FXDD

  • Regulated by: Malta Financial Services Authority (MFSA)
  • Headquarters Country : United States
  • Foundation year 2002
  • Min Deposit : 1
  • Used by over 10,000 traders
  • FXDD is not available in the following countries : US
Open FXDD's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to FXDD

With this review we hope to help you see if FXDD is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding FXDD that will help you get off to a good start in the world of online trading.

FXDD Review Table of Contents

FXDD what you should know

FXDD offer two ways to trade: Forex, Social Trading.

With FXDD you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with FXDD platform.

FXDD are able to accommodate various levels of traders whether you are experienced or a beginner.


Are FXDD safe?

When choosing a broker like FXDD the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2002, and in operation for 18 years FXDD have a head office in United States.

FXDD is regulated. This means FXDD are supervised by and is checked for conduct by the Malta Financial Services Authority (MFSA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FXDD, this will be honored. If FXDD violate any regulatory rules their regulated status could be stripped.

Any payments funded to FXDD accounts by traders are held in a segregated bank account.

For added security FXDD use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with FXDD. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit FXDD

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker FXDD XTB eToro Pepperstone
Year Established 2002 2002 2006 2010
Head Office United States Poland Cyprus, UK Australia
Regulation Malta Financial Services Authority (MFSA) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection No Yes No Yes
Guaranteed Stop Loss No Yes No No
Learn More Visit FXDD Visit XTB Visit eToro Visit Pepperstone
Risk Warning Losses can exceed deposits Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

FXDD Pros and Cons

What we like about FXDD

  • Used by over 10,000 traders
  • Established in 2002
  • Regulated by Malta Financial Services Authority (MFSA)
  • Min. deposit from $1

What we don't like about FXDD

FXDD Financial Regulation and Supervision in more detail

We have checked and FXDD is regulated and supervised by reputable organisations. You are able to check every FXDD supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with FXDD. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect FXDD traders and provide a safe trading environment.

FXDD is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as FXDD you should be sure they're legitimate online agent.

FXDD General Fees

  • FXDD doesn't charge withdrawal fees
  • FXDD does charge inactivity fees
  • FXDD does charge deposit fees
Broker FXDD XTB eToro Pepperstone
Min Deposit 1 0 200 200
Withdrawl Fees No varies Yes No
Inactivity Fees No Yes Yes
Deposit Fees No No No
CFD Commission Fees No Yes No Yes

FXDD Commissions

  • FXDD doesn't charge commission on CFD instruments.

What can you trade with FXDD?

You can trade a wide variety of instruments with FXDD over 100 instruments infact.

If you are looking at trading currency pairs FXDD offer over 15 currency pairs.

Compare FXDD with XTB and eToro below.

Losses can exceed deposits

Broker FXDD XTB eToro Pepperstone
Instruments Available 100 1,500 100 100
Platforms MT4, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit FXDD Visit XTB Visit eToro Visit Pepperstone
Forex pairs offered 15 50 50 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit FXDD Visit XTB Visit eToro Visit Pepperstone
Commodities Offered 0 21 0 16
Metals Yes Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes No
Indiced & Stock CFDs Visit FXDD Visit XTB Visit eToro Visit Pepperstone
Stocks Offered 10 1696 957 60
UK Shares No Yes Yes No
US Shares No Yes Yes No
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes No

Trading on FXDD web platforms and other applications

FXDD offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

FXDD also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See FXDD's platforms

FXDD Trading benefits :

  • Allows scalping
  • Low min deposit

FXDD Trading Accounts Offered :

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account

Can I try FXDD before I buy?

FXDD offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

FXDD withdrawl and funding methods.

FXDD offer the below funding payment methods. learn more about FXDD

  • Bank Transfer
Broker FXDD XTB eToro Pepperstone
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes Yes Yes
Neteller No Yes Yes Yes

How can I start trading with FXDD?

When opening a trading account with FXDD, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FXDD trading platforms here.

Performing trades with FXDD

FXDD allow you to execute a minimum of trade of 01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.

As a market maker, FXDD may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Limit Risk When Trading with FXDD Stop Loss, FXDD Stop Limit Orders

A stop-loss order is an order placed with a broker like FXDD to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at FXDD

To trade effectively with FXDD, it's important to get a have a good understanding of the FXDD trading tools and the markets.

FXDD offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with FXDD.

Take time to look around the FXDD platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at FXDD

FXDD support a limited number including

FXDD have a A grade support rating because FXDD offer over three languages.

Livechat Support at FXDD

FXDD does not offer LiveChat Support.

Email Support at FXDD

We sent several emails to FXDD and answer times overall were excellent. The fastest response from FXDD was less than 40 minutes and the slowest response was 9 hours. Support response times may vary for you with FXDD, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall good email support from FXDD.

Phone Support at FXDD

We called FXDD and the call was answered very quickly. The call was answered in less than 5 minutes.

The FXDD phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual FXDD team by calling in varying languages. FXDD made an effort to make sure our queries were answered.

Overall the phone support from FXDD was okay.

See how FXDD Support Compares Against Other Brokers

Broker FXDD XTB eToro Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, German, Spanish, French, and Italian English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit FXDD Visit XTB Visit eToro Visit Pepperstone
Risk Warning Losses can exceed deposits Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with FXDD

As FXDD is regulated by Malta Financial Services Authority (MFSA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore FXDD's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with FXDD you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.fxdd.com/mt/en.html on 12th August 2018.

Is FXDD A Good Broker?

We spent over 3 months examining FXDD in depth. Although we found some very useful aspects of the FXDD platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative FXDD broker.

  • FXDD have a good track record of offering Forex, Social Trading.
  • FXDD has a history of over 16 years.
  • FXDD has a reasonable sized customer support of at least 10.
  • FXDD are regulated by Malta Financial Services Authority (MFSA). This means FXDD fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • FXDD have regulation from a Tier 1 reputable country.
  • FXDD has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • FXDD have an international presence in multiple countries. This includes local FXDD seminars and training.
  • FXDD are able to hire people from various locations in the world who can better communicate in your local language.

FXDD Risk Disclaimer

Losses can exceed deposits

FXDD Frequently Asked Questions

Can I try FXDD before I buy?

FXDD offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do FXDD accept?

FXDD offer the following funding payment methods Bank Transfers, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

Is FXDD safe?

FXDD are considered safe as they are regulated by and checked for conduct by the Malta Financial Services Authority (MFSA). Any payments funded to FXDD accounts by traders are held in a segregated bank account. For added security FXDD use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is FXDD trading good?

FXDD is considered good and reputable to trade with. FXDDFXDD is used by over FXDD active traders. FXDD offers Forex trading, and Social Trading trading. Minimum deposit with FXDD is mindeposit.

Is FXDD trading Legit?

FXDD was founded in United States in 2002. FXDD has been facilitating trade on the financial markets for over 18 years. FXDD offers clients Forex trading, and Social Trading trading. All funds deposited to FXDD are held in segregated tier 1 bank accounts for security. FXDD is regulated by Malta Financial Services Authority (MFSA) so can be considered legit.

Is FXDD a good broker?

FXDD is overseen by the top tier financial regulators Malta Financial Services Authority (MFSA) so can be considered a good broker.FXDD allows Forex trading, and Social Trading trading.

Is FXDD trustworthy broker?

FXDD can be considered trustworthy. All money funded to FXDD is placed into a segregated tier 1 bank account. this means your money in not held by FXDD directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also FXDD is regulated by Malta Financial Services Authority (MFSA).

What is the minimum deposit for FXDD?

The minimum deposit to trade with FXDD is 1.

How long do FXDD withdrawals take?

Withdrawing money from FXDD processing time varies but averages 2-5 days.

Is FXDD regulated?

FXDD is regulated by Malta Financial Services Authority (MFSA).

Is FXDD a market maker?

FXDD is a market maker. Stocks, currency and other commodities and instruments will be purchased by FXDD even if no buyer is lined up.

How can I start trading with FXDD?

When opening a trading account with FXDD, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FXDD trading platforms here.

Is my money safe with FXDD?

FXDD is regulated by Malta Financial Services Authority (MFSA). One of the most important criteria for traders when choosing a broker like FXDD is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FXDD, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is FXDD a con?

FXDD is regulated and well established having been in business for over 18 years. FXDD is definitely not a con.

Can you make money with FXDD?

Although traders have had great success with FXDD. Trading on the financial markets with FXDD is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does FXDD have fees?

FXDD doesn't charge withdrawal fees. FXDD does charge inactivity fees. FXDD does charge deposit fees.

When was FXDD founded?

FXDD was founded in 2002.

How many people use FXDD?

FXDD is used by over 10000 registered traders.

What is FXDD Headquarters country?

FXDD has its head quarters office in United States.

Does FXDD offer negative balance protection?

FXDD does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does FXDD offer guaranteed stop loss?

FXDD does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price.

Does FXDD allow scalping?

FXDD offers scalping.

Does FXDD allow hedging?

FXDD does not offer hedging.

Does FXDD offer CFD trading?

FXDD does not offer CFD trading.

Does FXDD offer STP?

FXDD does not offer STP trading.

How many people use FXDD?

FXDD is used by over 10000 traders.

Is FXDD an ECN broker?

FXDD does not offer ECN trading.

Does FXDD offer a demo account?

FXDD offers a demo account.

Does FXDD offer an Islamic account?

FXDD offers a Islamic accounts.

What are the funding methods for FXDD?

FXDD accept the following funding methods : Bank Transfer.

FXDD review written by Andrew Blumer and Mark Hansen

We hope you found our review of the FXDD brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

FXDD review written by Mark Hansen of Comparebrokers.co