FXDD Review 2020

FXDD Rated 2/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.
FXDD Screenshot

FXDD Guide - Read our In Depth FXDD Review

This FXDD review was written by industry experts with over 20 years of financial experience in Forex, Social Trading.
The content in this FXDD review does not apply to US users.

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 breakdown 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

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 review
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.


FXDD review
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.

How FXDD as a Company Compare Against Other Brokers

Broker FXDD eToro IC Markets Trading212
Year Established 2002 2006 2007 2006
Head Office United States Cyprus, UK Australia UK
Regulation Malta Financial Services Authority (MFSA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 60,000+ 14,000,000+
Negative balance protection No Yes Yes Yes
Guaranteed Stop Loss No No No Yes
Learn More Visit FXDD Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Losses can exceed deposits 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 review
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 review
FXDD Regulation and Licensing 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 review
FXDD Fees Explained

  • FXDD doesn't charge withdrawal fees
  • FXDD does charge a fee for inactive accounts.
  • FXDD does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How FXDD Fees Compare Against Other Brokers

Broker FXDD eToro IC Markets Trading212
Min Deposit 1 200 200 1
Withdrawal Fees No Yes No No
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No No Yes No

FXDD review
FXDD Minimum Deposit

FXDD require a minimum desposit of 1 GBP/USD when opening an FXDD trading account.

A minimum deposit is the minimum amount of money required by FXDD to open a new online brokerage account with them.

Dont be scared off by brokers like FXDD charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

FXDD review
FXDD Withdrawal Fees

FXDD doesn't charge withdrawal fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

FXDD for example allow you to withdraw your funds to and a bank account via a wire transfer.

FXDD review
FXDD Inactivity Fees

FXDD does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

FXDD review
FXDD Desposit Fees

FXDD does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

FXDD review
FXDD Commission Fees

FXDD does not charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

FXDD review
What can you trade with FXDD?

Be aware that Different entities under FXDD Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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 eToro and IC Markets below.

Losses can exceed deposits

How FXDD Trading Options Compare Against Other Brokers

Broker FXDD eToro IC Markets Trading212
Instruments Available 100 100 232 3000
Platforms MT4, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 15 50 65 177
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        
Commodities Offered 0 0 19 14
Metals Yes Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 10 957 100 1731
UK Shares No Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit FXDD
Losses can exceed deposits
Visit eToro
75% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit Trading 212
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 review
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

Losses can exceed deposits

FXDD withdrawal and funding methods.

Please note that the list of payment methods below depend on the FXDD Entity and the Clients Country of Residence.

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

  • Bank Transfer
Broker FXDD eToro IC Markets Trading212
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No No No
Neteller No Yes Yes No

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.

Losses can exceed deposits

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 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 eToro IC Markets Trading212
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, German, Spanish, French, and Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit FXDD Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Losses can exceed deposits 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under FXDD Brand may be different.

  • 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 3 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 the FXDD trading platform 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.

FXDD review
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 18 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 review
FXDD not quite right?

If after reading this FXDD review, FXDD does not fulfill your needs check out these FXDD Alternatives.

Click here to view the best FXDD Alternatives

We have spent years researching the best alternatives to FXDD. Click the links below to learn more.

If you feel some of the above FXDD are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of FXDD alternatives below.

FXDD review
Related FXDD Vs Comparisons

We have covered allot in this FXDD review, If you want to see how FXDD compares side by side with other brokers check out our FXDD Vs pages.

If you would like to see how FXDD stands up against other brokers you can read some of our FXDD comparisons below. We compare side by side some of our top rated FXDD versus comparisons. Read our indepth FXDD VS pages below.

FXDD review
FXDD Frequently Asked Questions

Can I try FXDD before I buy?

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

What funding methods do FXDD accept?

Please note that the list of payment methods below depend on the FXDD Entity and the Clients Country of Residence.

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 1.

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 a fee for inactive accounts. 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. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

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