Reviewed broker: FXDD
Established in 2002
Company: FXdirectdealer LLC USA, FXDD Malta Ltd.
Location: Malta
Regulation: FXDD Europe licensed by Malta Financial Services Authority (MFSA), ID# C48817
Note: The broker voluntarily withdrew its introducing broker (IB) license from NFA (USA) in 2015 and moved its client base to FXCM
USA traders: not allowed
ECN: yes
Why Trade Forex With FXDD Broker
FXDD offers innovative software features
- FXDD’s platforms are unique compared to other forex brokers
- Improves and updates the existing features
- Enterprise-level back office and risk management technology
- Vast range of trading tools to fit any type of strategies use
FXDD Review : Educational Materials
- Comprehensive Forex Education on the broker’s website with various levels of difficulty
- Daily interactive training classes lectured by experienced traders
- Professional research, news, and commentary from ForexLive
- Dynamic web-based trading calculators and indicators
FXDD Review : Trading Platforms Features and Account Typesurrency pairs: 23
Maximum leverage: up to 1:400
Demo account: yes
Security of clients funds: Segregated accounts
Scalping: allowed
Hedging: allowed
Trading Platform: Currenex, Metatrader 4, Jforex (Dukascopy trading platform), Mirror trader, Tradency (automated trading solution by RoboX)
Details of FXDD WebTrader
- No download required
- The interface can be fully customized to your style
- Advanced Charting capabilities
- Advanced Quote Panel
- Position based trading system
- 1-Click Trading
- Accessible from anywhere with an internet connection
MetaTrader 4 Forex Trading Software Platform
One of the best forex industry platform since 2003, Metatrader 4 has earned its reputation among traders with outstanding features and advanced environment.
FXDD MT4 Features
- Fast and secure execution with competitive spreads
- Fully supports any Expert Advisor (EA)
- Featuring emerging market currency pairs
- Continuously updated proprietary bridge
- Instant orders with “Fill or Kill” execution
MirrorTrader Automated Forex Trading Software Platform
Mirror Trader is your portal to trading strategies developed by experienced Forex traders. The system automatically mirrors trades executed by the strategies of your choice in your FXDD account.
Spread types: floating, fixed
Floating spreads start from 1.5 pips
Fixed spreads start from 0.1 plus $3 per lot
Maximum leverage up to 1:400
Account types: mini, standard, ECN (min deposit of $2,000)
Advantages of Standard account with FXDD
- Guaranteed 0 slippage**
- Fill-or-kill execution with no partial fills
- No commissions
- Price improvements available on limit orders
- Spreads as low as
- EUR/USD 1.5
- GBP/USD 2.5
- USD/JPY 2
- AUD/USD 2
Advantages of ECN account with FXDD
- No markups and small commissions
- Market execution with over 99% fill rate
- Industry-low commissions per side
- Price improvements available on limit orders
- No partial fills
- Spreads as low as
- EUR/USD 0.1
- GBP/USD 0.5
- USD/JPY 0.2
- AUD/USD 0.7
Commissions charged by FXDD
FXDD’s raw ECN pricing charges $2.99 commission per standard lot, per side.
Available payment options for Deposits and Withdrawal
Minimum deposit requirement: $1
Payment methods: credit cards, wire transfer, skrill, neteller, safecharge cashier
Trading signals: yes
Automated trading: yes
Expert advisors: yes
Real-time charts: yes
API trading: available
VPS services: available
FXDD Review : Customer Service
- Professional client support for all accounts
- Personal one-on-one tutorial for platform navigation and use
- Provides service in 13 languages
- Around the clock service during market days.
Customer support is reachable via phone and email
FXDD Review : Questions Answers
Does FXDD have Demo Trading Account?
Yes, the broker offers free demo account for practice trading. A demo account is good for 90 days, beginning the first day of sign-up. On the 90th day, your account will become inactive. If you require additional time before opening a live account, you may register for more than one demo account.
What types of Live Trading Account does FXDD have?
FXDD offers 2 types of accounts – standard and ECN. Difference is mainly in spreads.
Are the spreads, rollover rates, charts and feeds the same for a mini, micro, and standard account?
Yes. Fxdd offers the same spreads, rollover rates, charts and feeds whether you are trading on a micro, mini, or standard account in one of our retail trading platforms.
Does FXDD offer micro lot trading?
Yes. FXDD offers micro lot trading across all platforms offered.
What currencies can I deposit?
FXDD only accepts deposits in USD.
Does FXDD offer 400:1 leverage on any account?
FXDD does offer 400:1 leverage. 400:1 leverage is available based on meeting certain terms and conditions.
Who provides the signals presented in the “Live Signals” section?
The signals are provided by all the strategy providers available in the Mirror Trader.
Which chart types are available in the Mirror Trader?
The Mirror Trader offers 3 chart types: Candlestick, Line and OHLC. The default chart is Candlestick.
How was the rating of FXDD performed compared to other brokers?
This 2022 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on FXDD FX broker performance and features.
Overall our online FXDD review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online FXDD or you find inaccurate details FXDD broker review please get in touch with us and the changes will be applied.
