FXDD was founded in 2002 with offices in New York, U.S.A. and Malta in Europe. The main vision of this broker is to provide quality trading services that focus on competitive pricing, fast execution, and freedom in trading strategies.
FXDD Regulation and Client Security
FXDD Malta is regulated and operates under the rules and regulations of a Category 3 investment services license from the Malta Financial Services Authority. It is also licensed to provide cross border services to the European Economic Area.
FXDD also provides clients with the Negative Balance Protection, which limits trading losses only to the extent of available funds and guarantees that client account balances will not turn negative.
Under the Investor Compensation Scheme, FXDD’s clients are eligible for compensation of 90% of their investment once the broker fails to return their investment or once administrative malpractice is confirmed.
FXDD Platforms
FXDD offers three trading platforms: MT4, MT5, and WebTrader. Clients usually experience the same features on the two MetaTrader platforms, while WebTrader differs on some aspects.
MetaTrader platforms
MT4 and MT5 offer both standard and ECN pricing, which are low spreads without commissions and ultra-low, direct spreads, respectively. Average spread is 0.2 pips with a maximum leverage of 1:30 for retail and 1:100 for professionals. Traders are eligible for EAs and trading signals. They have access to the full list of assets offered by FXDD, including currencies, stocks, commodities, and indices. MT4 and MT5 are downloadable as desktop platforms.
WebTrader
With WebTrader, clients are only eligible for ECN pricing and the average spread is 1.2 pips. Each trade is charged with a commission of $2.99 per $100k for major forex pairs and $4.99 per $100k for other pairs. The maximum leverage is also 1:30 for retail and 1:100 for professionals. Only market execution is available on the WebTrader. Automated Trading only offers Scripting. Clients can access all assets offered by FXDD. This platform is only available on the web.
FXDD Markets and Assets
FXDD currently offers trading services in six asset classes:
Foreign Exchange
You can trade the world’s biggest market with FXDD’s innovative technology and liquidity. You are free to explore and create your own market strategy with the tools provided on the platform of your choice. You are entitled to trade up to 67 currency pairs, may it be major, cross, or exotic pairs.
Metals
If you are trying to diversify your trading portfolio, metal is a good option. The markets of gold, silver, and other metals do not fluctuate as much as the other markets. Although you will need to invest a larger amount of money in these markets, you will have a great addition to your portfolio.
Oil
The oil market fluctuates each trading day, with the market experiencing high volatility due to economic, political, and other factors. However, this high volatility could be a great opportunity for expert traders, where they can easily take advantage of the quick price movements. This market is for experienced traders who are willing to take risks.
Indices
All of the world’s major indices are available to trade on FXDD. These markets are great opportunities to execute leveraged plays. You will only need to keep up with the latest market news in order to assess your trading choices and risk/reward profile for your trading on the day.
Stocks
Some of the world’s biggest stocks, such as Microsoft, Amazon, and Apple are offered by FXDD. The stock market is a great option for an investment, whether long term or short. With FXDD, you can experience trading with the world’s major stock players. It is also a great way of practicing your trading skills.
FXDD Market Analysis and Research
FXDD has a wide offering of educational and research materials. This broker partners with Trading Central, the world’s powerhouse in online education, to provide quality materials on technical and fundamental analysis, as well as daily market news and analysis.
You can also access Trading Central’s award-winning tools such as: automated chart pattern, daily fundamental analysis, 24/7 market coverage, daily webcast analysis, and concise technical analysis.
When it comes to market data, FXDD also provides an economic calendar, where traders can conveniently scan market updates and important economic events, as well as a brief chart on the pricing or swap rates of various trading instruments.
FXDD Review Conclusion
FXDD has a competitive range of assets to trade, as well as a variety of platforms and account types. Clients will not have a hard time finding the right platforms and markets for them as FXDD makes it easy to pick between choices. They have a wide range of instruments, including forty seven currency pairs. Clients can choose between ECN and Standard pricing, whichever works best with their trading styles.