FXDD Review
FXDD is an online forex and CFDs broker established in 2002 in Malta. FXDD is a regulated broker and provides negative balance protection. With a limited choice of 90 markets, the broker offers MT4, MT5, and its proprietary FXDD Web Trader. FXDD also offers various helpful resources such as market analysis, Trading Central, economic calendar, and trading guides. Plus, the broker has multiple payment options with no deposit or withdrawal fee.
FXDD has many years of experience in providing forex and CFD trading services to its worldwide clients. Triton Capital Markets Ltd. and FXDD Mauritius Ltd are two business names of the broker that are authorised and regulated by MFSA in Malta and FSA in Mauritius, respectively. FXDD operates from Malta. Moreover, under the EU’s MiFID II, FXDD is approved to provide cross-border services across the European Economic Area (EEA).
FXDD offers a somewhat limited choice of 90 trading products from 6 asset classes, including CFDs on forex, commodities (metals and energies), stocks, and indices. In addition, the broker offers MT4 and MT5 trading platforms, which are the trading industry’s standard platforms. Moreover, the broker offers a copy trading service along with VPS and useful trading tools.
FXDD provides a handsome collection of educational and research resources, including market data and analysis, trading calculators, and the fantastic Trading Central which I think is one of the best trading tools for automated market analysis. It can literally save you from hours of studying charts.
Founded way back in 2002, FXDD is a forex and CFD broker with strict regulations of MFSA in Malta and is authorised by MiFID to operate cross-border. In terms of safety, the broker keeps its clients’ funds in segregated bank accounts and provides negative balance protection. In addition, FXDD offers a limited choice of around 90 instruments from various asset classes with the user-friendly MT4 and MT5 trading platforms. The broker offers VPS hosting for automated trading and dedicated research tools such as Trading Central. FXDD offers ECN execution with tight spreads and competitive commissions. In addition, FXDD offers swap-free Islamic accounts and demo trading. Lastly, the broker does not charge deposit or withdrawal fees.
On the other hand, FXDD is not regulated by any Tier-1 government regulatory body. In addition, FXDD or its parent company are not listed on any stock exchange. Consequently, the broker does not disclose its financial information. Moreover, the broker does not provide banking services. FXDD does not accept clients from a few countries, such as the US. The broker does not offer fixed spread accounts. Comparatively, the broker has a limited product portfolio. FXDD does not provide crypto trading and funding.
Let’s jump right into the advantages and disadvantages of the broker before turning our attention to detailed features.
FXDD provides a limited range of 90+ trading instruments from different asset classes, including CFDs of forex, commodities, stocks, and indices. On the downside, FXDD does not provide securities from other asset classes, including cryptocurrencies, options, bonds, and ETFs. Professional and experienced traders who like to diversify their portfolios over multiple markets might find FXDD’s product offering insufficient. If you want a greater selection including cryptos, you could consider Eurotrader as an alternative option. For cryptos, you can take a look at our best crypto brokers.
FXDD Instruments Summary
| Instruments | FXDD |
|---|---|
| Forex | ✓ |
| Stocks | ✓ |
| Indices | ✓ |
| Commodities | ✓ |
| Cryptos | x |
| Options | x |
| Bonds | x |
| ETFs | x |
| CFDs | ✓ |
Commission and Spread Fees
FXDD offers two types of accounts for its clients. For traders who want to trade without commission they can get access to spreads starting from 2.0 pips These are quite high spreads but it is worth considering that there is no commission fee as it is already included within the spread mark-up. Others who want to trade with the lowest spread possible can choose to pay minimal commission, starting from $2.99 per lot per side and spreads starting from 0.1 pip on EURUSD. I think this are reasonable conditions but you can get spreads from 0.0 pips and a lower commission fee from RoboForex at just $2 per side. They also have over 12,000 financial instruments which gives you a much greater selection to choose from.
| Fee | Standard Account | ECN Account |
|---|---|---|
| Commission (per standard lot per side) | $0 | $2.99 |
| Spreads from | 2.0 | 1.0 |
Deposit and Withdrawal Fees
FXDD does not charge a deposit fee at all. However, only the first withdrawal in a month is free of any charges, and onwards withdrawals carry certain charges like a $40 charge per withdrawal of $100 or more. There is a withdrawal fee of $25 if the amount being withdrawn is less than $100.
Inactivity Fees
FXDD will apply a $30 inactivity fee to an account if no trading activity occurs within 90 days. If you would rather not pay an inactivity fee, then you could have a look at Valutrades as they do not charge any.
FXDD offers traders the advanced yet intuitive MT4 and MT5 trading platforms. The MT4 platform is also improved by the brilliant Trading Central plugin, which provides clients with a powerful tool for analysing the market and improving the overall trading experience. There is a desktop client, a web-based alternative, and a mobile app for both MT4 and MT5. FXDD also has its own WebTrader, which supports automated trading solutions. In addition, FXDD provides a VPS service for running your platforms remotely 24/7 without needing your computer switched on, which is ideal if you plan on using trading robots.
MetaTrader 4 (MT4)
Because of its excellent charting and trading features, MT4 is widely regarded as one of the best trading platforms in the industry. It is well-known for its user-friendly, intuitive layout, and it provides a pleasant trading environment with all of the functionality necessary by most rookie and expert traders.
MT4 implements a highly customizable interface that displays real-time price quotations for trading instruments in the market watch window. It provides a variety of order types, 9 chart periods, 3 chart styles (candlesticks, line, and bars), one-click trading, notifications, and automated trading. There are more than 50 built-in technical indicators for analysing charts and identifying possible trade opportunities.
Users may write their own custom indicators or automated trading systems (expert advisors) in the MQL4 language using MT4’s built-in MetaEditor. For historical testing of expert advisers, there is a built-in strategy tester that does have some limitations. Customized tools are available via the MQL marketplace and may be added to the platform.
MetaTrader 4 online includes all of the same features as the other MT4 platforms, but it also works with some of the most common web browsers. This platform does not need the download or installation of any extra software. However, it is not able to run automated strategies, you will need the MT4 desktop platform for that.
MT4 has the following features:
- The ability to enable one-click trading
- A very configurable user interface
- Real-time pricing quotations are available
- 3 sorts of charts
- Notifications and alerts
- Trading automation is a possibility
- There are nine chart periods
- Over 50 technical indications
MetaTrader 5 (MT5)
MT5 is the successor trading platform to MT4, with a similar appearance and feel but more advanced features such as additional graphical charting tools, more technical indicators, more timeframes, a multi-currency strategy tester, and a variety of new order types, and more.
Economic events may be shown directly on charts in MT5, which is important as part of a fundamental study. The built-in marketplace provides users with extra trading tools to further enhance the already impressive capabilities of the MT5 platform.
Users may trade the financial markets while on the road by utilising the MT5 mobile application, which has most of the same features and functionality as the desktop platform but is accessible from the palm of your hand. The MT5 mobile trading apps are free to download from the respective app stores for Android, iPhone, and iPad.
Traders may access the markets using most web browsers without having to download or install any additional software using the MT5 online platform. The online platform has the same capabilities and can be accessed from any computer running Windows, Mac OS X, or Linux that has a browser and an internet connection. I like how the web platform is always up to date and offers great flexibility.
MT5 is an improvement to MT4, and while the features are essentially the same, it includes a few extra functionalities, such as:
- Additional technical indications
- Additional graphical charting applications
- 21 timeframes
- Knowledge of how to utilise a multi-currency strategy tester
FXDD Web Trader
FXDD offers its own unique trading platform with an attractive web-based interface that allows for quick market access from anywhere at any time. It offers ECN and regular pricing while remaining easy enough for new traders to utilise while also providing powerful charting capabilities for more experienced traders.
FXDD created the WebTrader platform after listening to their client’s demands throughout the years they’ve been in business. It includes highly customizable charting and sophisticated charting features and scripting and indicators. Expert advisers and one-click order execution are both supported. Users get access to competitive pricing throughout the whole FXDD trading instrument suite. This innovative and sophisticated WebTrader platform is compatible with Windows, Mac, Web, iOS, and Android.
This is a proprietary trading platform with the following features:
- Easy-to-use web-based interface
- Beginner traders will find it simple to utilise
- Charting that is adaptable
- Simple access to a wide range of marketplaces at any time and from any location
- Provides a number of charting tools for more experienced traders
- There is an abundance of scripting and indicators accessible
- This trading platform supports one-click order execution, among other features
VPS
A virtual private server (VPS) enables customers to run their trading platform 24 hours a day, seven days a week. This is important if your computer cannot constantly be turned on or if you want to operate an automatic system around the clock. You may access your platform from any computer without downloading it and run various strategies effectively with reduced latency.
The package a client qualifies for is determined by the number of positions, and clients will be charged if they do not match the minimum requirements yet want the VPS. You can also get a free VPS from other brokers such as IC Markets if that is something that you are specifically looking for in a broker.
FXDD Platforms Summary
| Platform | FXDD |
|---|---|
| MetaTrader 4 (MT4) | ✓ |
| MetaTrader 5 (MT5) | ✓ |
| cTrader | x |
| Proprietary | ✓ |
| Desktop | ✓ |
| Web | ✓ |
| Mobile | ✓ |
| Social Trading | ✓ |
| Other | x |
FXDD’s website has some useful instructional content, including trading manuals, tutorials, and often updated market analysis. This can be a great way to brush up on your knowledge of the markets and to discover potential trading opportunities.
Trading Guides
FXDD offers a variety of trading tutorials that may assist traders of all levels in enhancing their market expertise. The manuals are available online or as PDF downloads. They are really thorough and easy to understand, including drawings.
Live Trading & Education
FXDD offers a variety of constantly updated market analysis to assist with trading ideas and keep you aware of the latest market movements based on industry expert analysis. FXDD hosts live trading and instructional programmes on a regular basis, which are hosted by award-winning market researchers Chris Svorcik and Nenad Kerkez. The FXDD website features award-winning price action analysis by Nenad Kerkez, and wave counts analysis by Chris Svorcik, fast pick video analysis of several trading instruments, and daily analysis from the institutional-level research TraderMade team.
Trading Central
FXDD has teamed with the excellent Trading Central to provide its clients with high-quality technical and fundamental research. Trading Central’s advanced analysis is easily accessible to clients via the client site and the MT4 indicator plugin. Users may also subscribe to Trading Central’s daily market analysis emails, which are sent straight to their mailbox. Trading Central is well-known for its award-winning technical analysis and research, which traders use to find prospective trading opportunities. It includes automated pattern identification software with warnings as well as daily expert market analysis. You can get access to Trading Central via some other brokers including TMGM.
Trading Calculators
FXDD has a number of handy trading calculators that can assist you to rapidly compute margin amounts, position sizes, pivot points, Fibonacci levels, and other variables. These calculators can aid in the planning and management of your trades.
Economic Calendar
The economic calendar displays the most recent economic news releases, including the date/time of the publication, the nation affected, and the effect levels ranging from low to high. The calendar also displays past, predicted, and actual release outcomes. This might be useful as part of a fundamental study and for staying up to speed on market developments. There is also a news calendar accessible directly in the MT5 platform which can provide a more convenient way for you to keep track of the latest news releases without needing to constantly switch between tabs.
Glossary & FAQs
FXDD has a trading glossary that includes a list of frequently used trading terminology as well as their definitions. The frequently asked questions (FAQ) area covers a wide range of subjects and gives quick answers to some of the most frequently asked questions about trading and FXDD’s services in general. This is nothing to ground breaking but it is useful to have everything in one place, especially for those of you who are new to trading and looking to learn as much as possible.
Custom price Ticker
FXDD provides custom price tickers that can be embedded into a website. This tool is useful for institutional and affiliate clients.
FXDD Research and Education Summary
| Resources | FXDD |
|---|---|
| Market Analysis | ✓ |
| Guides | ✓ |
| Videos | ✓ |
| Webinars | x |
| Autochartist | x |
| Trading Central | ✓ |
| Economic Calendar | ✓ |
| Other | ✓ |
FXDD offers various methods for depositing and withdrawing funds quickly and easily. These options include wire transfers, debit/credit cards, and e-wallets. FXDD processes transactions instantly or in 3-5 business days, depending on the payment method.
On the downside, FXDD does not offer or accept cryptocurrencies as a means of payment. Many modern traders who frequently use cryptocurrencies as a means of payment might feel the absence of crypto funding. If you are one of them, you might want to consider a broker that does accept crypto payments such as FXPRIMUS.
FXDD Funding Summary
| Payment Method | Deposit | Withdrawal |
|---|---|---|
| Wire Transfer | ✓ | ✓ |
| Credit/debit Card | ✓ | ✓ |
| Electronic Wallets | ✓ | ✓ |
| Cryptos | x | x |
The company operates with different names in different regions. Consequently, those companies are regulated by different government authorities such as:
- Triton Capital Markets Ltd.: the Malta Financial Services Authority (MFSA). Triton Capital Markets Ltd. is authorised to conduct business and provide cross-border investment services in all EEA member countries.
- FXDD Mauritius Ltd: the Financial Services Commission, Mauritius.
- FXDD has other European regulation licences as well, including CONSOB in Italy, CNMV in Spain, and KNF in Poland.
FXDD Regulation Summary
| Regulator | FXDD |
|---|---|
| ASIC (Australia) | x |
| IIROC (Canada) | x |
| CySEC (Cyprus) | x |
| SFC (Hong Kong) | x |
| JFSA (Japan) | x |
| MAS (Singapore) | x |
| FINMA (Switzerland) | x |
| FCA (UK) | x |
| CFTC (USA) | x |
| Other (MFSA, FSA, CONSOB, CNMV, and KNF) | ✓ |
FXDD Safety
The Malta Financial Services Authority (MFSA), the Maltese regulator, administers an Investor Compensation Scheme that offers limited protection to certain types of investors. Triton Capital Markets Ltd. contributes to this system on an annual basis, and if it falls bankrupt, its customers are protected. Triton Capital Markets Ltd. offers Negative Balance Protection to its clients at no additional cost, which implies that any client trading losses cannot exceed the available cash in the client accounts, and client account balances will never turn negative. Moreover, FXDD keeps its clients’ funds in segregated bank accounts so that they cannot be used in broker operations.
FXDD provides customer-friendly support 24/5 via live chat, email, and phone. I think they could improve by extending support hours to weekends in order to keep up with some of their competitors such as FP Markets.
FXDD is a regulated online broker and offers traders a diverse range of trading products from various asset classes. They provide simple yet powerful MT4 and MT5 trading platforms for convenient trading on all of your devices. There are commission-free and commission-based trading accounts, with the ECN account having the tightest spread possible, but not zero pip spreads. Clients are provided with a great assortment of daily market analysis and educational resources along with some premium trading tools such as Trading Central. In addition, the broker provides an investor compensation scheme and negative balance protection for eligible clients. In my opinion, FXDD is a good option for beginner traders who are just getting started, but experienced traders may find the market offering insufficient.
