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FXDD Review 2024

By:
Vladimir Zernov
Updated: Mar 14, 2024
Overall Rating
3.8
  • Trust
    2.9
  • Fees
    3
  • Platforms and Tools
    4.5
  • Tradable Instruments
    4
  • Customer Support
    4.2
  • Research
    3.9
  • Deposit and Withdrawal
    4.3
  • Account Types and Terms
    4.9
  • Education
    3.1
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.
    Chart

    Our Take on FXDD

    Founded in 2002, FXDD is a forex and CFD broker that serves clients worldwide. It offers a range of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies.

    Traders can choose between MetaTrader 4 and 5 platforms or the proprietary WebTrader, alongside a mobile app. FXDD also provides Autochartist, VPS hosting, and access to 1-minute historical data for backtesting.

    However, my evaluation revealed that FXDD’s fees generally surpass the industry average, and its educational resources are somewhat limited in both volume and depth.

    FXDD Pros and Cons

    Pros Cons
    • Decent choice of trading platforms
    • Low spreads in stock CFDs
    • Access to Autochartist
    • Spreads mostly higher than the industry average
    • A limited number of tradable instruments

    FXDD Highlights For 2024

    • Solid Protection: FXDD operates under two entities, both offering negative balance protection and keeping client funds in segregated accounts. The MFSA entity additionally offers the Investor Compensation Fund.
    • Above-average Spreads: FXDD charges higher-than-average spreads on many instruments we tested, although its share CFDs are priced more competitively.
    • Choice of Platforms: FXDD provides access to MetaTrader 4 and 5, as well as its proprietary WebTrader and mobile app.
    • Autochartist Connection: The broker offers free access to Autochartist, a tool for identifying trading opportunities.
    • VPS Hosting: FXDD offers VPS hosting for a fee.

    What Sets FXDD Apart?

    FXDD has developed a user-friendly mobile app, which features slick charts with multiple indicators and supports one-click trading.

    Who is FXDD For?

    FXDD has a well-rounded offering. However, its fees at the Standard Account, usually the first choice for beginner traders, mostly exceed the industry average. Advanced traders will benefit from Authochartist and VPS. FXDD is suitable for various trading strategies, including scalping and auto-trading.

    We performed our tests with a Standard Account, using the MT4 desktop platform and MT4 mobile platform, opened with Triton Capital Markets Ltd. entity of FXDD, regulated by MFSA. Some features and services may vary depending on where you reside.

    FXDD Main Features

    ☑️ RegulationsFSCM (Mauritius), MFSA (Malta)
    🗺 Supported Languages
    English, Spanish, Portuguese, Italian, Arabic, Japanese, Chinese, Vietnamese, Thai, Hindi, Turkish
    💰 ProductsCurrencies, Stocks, Crypto, Indices, Commodities
    💵 Min Deposit$200
    💹 Max Leverage1:500 (FSCM), 1:30 (MFSA)
    🖥 Trading Desk TypeNo dealing desk
    📊 Trading PlatformsMT5, MT4, WebTrader
    💳 Deposit OptionsWire Transfer, Neteller, Skrill, Visa, Mastercard, SticPay
    💳 Withdrawal OptionsWire Transfer, Neteller, Skrill, Visa, Mastercard, SticPay
    🤴 Demo AccountYes
    🗓 Foundation Year2002
    🌎 Headquarters CountryMalta
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    FXDD Full Review

    Trust

    2.9
    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    FXDD has been in business for over 20 years and has entities regulated by MFSA (Malta) and FSC (Mauritius). The broker provides negative balance protection and keeps clients’ funds in segregated accounts.

    FXDD Regulations

    FXDD operates under 2 entities:

    Regulation at FSC
    Regulation at FSC
    Regulation at MFSA
    Regulation at MFSA

    Why is it Important to Know Where Your Broker’s Subsidiary Is Regulated?

    Each regulator sets distinct requirements for brokers, covering critical aspects such as leverage levels and specific investor protections. These protections often include negative balance protection, segregated accounts, and access to investor compensation funds. Understanding the nuances of these regulations is crucial for traders to determine if a broker meets their needs.

    FXDD is managed under two entities: Triton Capital Markets Ltd, regulated by the MFSA (a Tier 2 regulator), and FXDD Mauritius Ltd, regulated by the FSC (a Tier 3 regulator).

    Both entities ensure client funds are held in segregated accounts. This means the clients’ capital is not utilized for the broker’s operational expenses, enhancing the safety of these funds should the broker face financial difficulties.

    Furthermore, the broker provides negative balance protection, ensuring clients cannot lose more money than what is available in their accounts.

    Specifically, the MFSA-regulated entity is a participant in the Investor Compensation Scheme. This affiliation offers FXDD’s clients eligibility for compensation up to 90% of their investment, with a maximum limit of 20,000 Euros, in the event the broker encounters financial issues.

    I have summarized key aspects of the brokers’ entities in terms of regulation and safety in the table below:

    Entity Features Triton Capital Markets Ltd FXDD Mauritius Ltd
    Country/Region Malta Mauritius
    Regulation MFSA FSC
    Tier Level Tier 2 Tier 3
    Segregated Funds Yes Yes
    Negative Balance Protection Yes Yes
    Compensation Scheme Yes No
    Max. Leverage  Up to 1:30 Up to 1:500

    Is FXDD Safe to Trade With?

    FXDD is considered safe for trading, as it operates under the oversight of recognized regulatory bodies, including the MFSA and the FSC, which enforce strict financial standards and investor protections.

    The broker ensures client funds are held in segregated accounts and provides negative balance protection, along with eligibility for compensation through the Investor Compensation Scheme for its MFSA-regulated entity, further enhancing the safety of client investments.

    Stability and Transparency

    In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker’s longevity is, the size of the company, and the transparency in terms of information being readily available.

    Founded in 2002, FXDD is not publicly traded and does not have a bank parent, which is common for a broker.

    Traders can find regulatory details in the Regulation and License section of the website. Clients can also find Key Information Documents, Best Execution Policy, AML Policy, and other important documents.

    Account Types page reveals the details of the account offering, while the Deposits & Withdrawal Options page provides information on the available funding options.

    In summary, my research shows that FXDD can be regarded as having a solid level of trust and stability due to the following factors:

    • Regulated by Tier-2 and Tier-3 regulators.
    • All entities provide negative balance protection and segregated accounts.
    • More than 22 years in business.
    • Easy access to important information on the company’s website.

    Fees

    3
    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    My analysis revealed that the trading fees for FXDD’s Standard Account are generally above the industry average. However, the spreads for the stocks I evaluated were notably competitive.

    FXDD Trading Fees

    For this review, I tested the FXDD Standard Account, where the broker charges spreads and swap/rollover fees and does not charge any commissions. Spreads are variable and depend on the liquidity situation for each instrument at a certain point in time.

    Forex spreads at FXDD
    Forex spreads at FXDD

    FXDD Spreads

    I tested the spread on the FXDD Standard Account during the London open and after the US open. These are the most actively traded hours.

    I summarized my findings in the table below:

    Instrument Live spread AM Live spread PM Industry Average
    EURUSD 2.1 2.2 1.08 Pips
    GBPJPY 3.8 3.5 2.44 Pips
    Gold (XAUUSD) 42 29 20 Cents
    WTI Oil 0.05 0.05 42 Cents
    DAX  4 4 2.4 Pips
    Dow Jones  4.8 4.5 3.3 Pips
    Apple n/a 0.04 33 Cents
    Tesla n/a 0.03 50 Cents
    Bitcoin 41.32 33.82 35.5

    My analysis showed that FXDD offered low spreads for Gold, Apple, and Tesla. Spreads for Dow Jones and Bitcoin were medium, while spreads for major currencies, WTI Oil, and DAX were high.

    Swap Fees

    Instrument Swap Long Swap Short
    EUR/USD -6.5224 0.9570
    GBP/JPY 12.3365 -16.7884

    My research showed that EUR/USD swap fees were moderate, while GBP/JPY swap fees were high.

    Non-Trading Fees

    FXDD applies an inactivity fee of $30 per month if the account is inactive for three months. This is a high fee compared to the industry average.

    Are FXDD Trading Fees Competitive?

    FXDD provides attractive fees for Gold, Apple, and Tesla at its Standard Account. The spreads for the other instruments I tested were either moderate or high compared to the industry average. Overall, I found that FXDD fees exceeded the industry benchmark.

    Platforms and Tools

    4.5
    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    FXDD offers the proprietary FXDD WebTrader and the mobile app, both featuring an intuitive layout and multiple trading tools. Additionally, it incorporates MetaTrader 4 and MetaTrader 5, which provide advanced charting tools, automated trading capabilities, and access to a wide range of financial markets.

    Platform/Tool Suitable For
    MetaTrader 4 Advanced traders, algorithmic traders
    MetaTrader 5 Advanced traders, algorithmic traders
    FXDD WebTrader and Mobile App Beginner and casual traders

    Brokers often use MetaTrader platforms for their extensive technical analysis tools and algorithmic trading support. Many traders are already familiar with either MT4 or MT5, eliminating the need to spend time acquainting themselves with the platform’s features.

    While MetaTrader platforms are robust, their design can seem outdated. Consequently, some brokers opt to develop their platforms, aiming for a more beginner-friendly interface. In the case of FXDD, the broker provides FXDD WebTrader and FXDD Mobile, both of which feature a modern appearance.

    FXDD Desktop and Web Platforms

    In this review, I tested the MetaTrader 4 platform which is available via desktop, web, and mobile. I analyzed charts, indicators, drawing tools, orders, and the general ease of use of the platform.

    MetaTrader 4 platform
    MetaTrader 4 platform

    General Ease of Use

    MetaTrader 4 is a highly popular trading platform used by several generations of traders.

    The platform is designed for advanced traders, so beginners might need to invest some effort to become familiar with it.

    There is a wealth of information on MT4 available online, in both text and video formats, ensuring that those eager to learn trading will encounter no significant issues with MT4.

    Charts

    MT4 offers:

    • 51 indicators
    • 31 drawing tools
    • 9 timeframes

    Both beginner and advanced traders will find ample options to develop their trading strategies.

    Indicators include:

    • Trend indicators
    • Oscillators
    • Volumes
    • Bill Williams
    • Custom indicators

    The available timeframes are 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, and monthly. While some platforms may offer a broader range of timeframes, MT4’s selection is more than adequate for most trading purposes.

    MT4 also supports various objects:

    • Lines
    • Channels
    • Gann Tools
    • Fibonacci Tools
    • Shapes
    • Arrows

    It’s important to note that MT4 does not include Elliott Waves, a crucial indicator for many advanced traders. However, this indicator can be purchased from third-party providers.

    Charts can be displayed as bar, candlestick, or line charts. Candlestick charts are especially popular among traders due to the wide variety of patterns that can be used for trading decisions, though other chart types also have their proponents.

    In general, MetaTrader 4 charts are user-friendly and can be easily configured by novice traders with some initial preparation. They also offer sufficient customization options for advanced traders, who have the option to download and install additional indicators if needed.

    Charts at MetaTrader 4
    Charts at MetaTrader 4

    Orders

    MT4 provides access to the main order types essential for trading:

    • Market Order: This order type is used to buy or sell an instrument at the current market price. It is favored by traders looking to quickly enter a position, especially when the instrument’s price starts moving rapidly. The primary risk associated with this order is the spread—the difference between the bid and ask prices.
    • Limit Order: Used to buy or sell an instrument at a specified price or better. Traders use this order when they aim to enter the market at a particular price level, unwilling to pay the current market price. Limit orders are a strategic way to manage risk by controlling the entry price. In scenarios of rapid price movements, a limit order can act as an “enhanced” market order if the limit price is set above the current market price.
    • Stop Loss Order: This order type is designed to limit a trader’s loss by exiting a position when the market moves unfavorably. It is activated once the price hits a predetermined level.
    • Trailing Stop Order: Allows traders to set a stop order that adjusts itself as the market moves in a favorable direction. This order is instrumental in safeguarding profits should the market direction change unexpectedly.
    Order entry at MetaTrader 4
    Order entry at MetaTrader 4

    My Key Takeaways After Testing Desktop Platform

    MetaTrader 4 is a proven trading platform, which I have been using for years. Beginner traders should note that the platform takes some time to master, but it’s a good investment of time. For advanced traders, the absence of Elliott Waves is probably the biggest downside of MT4, which was corrected in its successor, MetaTrader 5.

    Mobile App

    In this review, I have tested the FXDD MetaTrader 4 Mobile App for Android.

    General Ease of Use

    The MT4 mobile app is rather easy to use. It provides charts, quotes, account balance info, economic calendar, news, and other tools to provide traders with an opportunity to make informed trading decisions.

    Charts

    MT4 mobile app offers:

    • 30 technical indicators
    • 24 drawing tools
    • 9 timeframes
    • 3 chart types

    Typically, the mobile app is used when the trader does not have access to the desktop platform but needs to monitor the market and open positions. MT4’s selection of options is more than sufficient for mobile-based trading.

    While the app is useful in certain circumstances, it cannot beat the speed of work that could be achieved using the desktop platform, which is the main solution for active trading.

    Orders

    In an MT4 mobile app, you can set market orders, limit orders, and stop orders. Trailing stops are not available on mobile trading terminals.

    MetaTrader 4 mobile app
    MetaTrader 4 mobile app

    My Key Takeaways After Testing Mobile App

    MetaTrader 4 mobile app is a useful solution for trading on the go. However, you should not expect that the app will have the full power of the desktop platform for technical analysis.

    MetaTrader 1-Minute Data

    FXDD provides an opportunity to install 1-minute history data for popular trading pairs. History data is important for those who want to backtest their trading strategies.

    FXDD WebTrader And Mobile App

    FXDD has developed in-house trading platforms for web and mobile use. These platforms boast a user-friendly interface that ensures fast access to trading features, including one-click trading. Their comprehensive charts are equipped with multiple indicators, drawing tools, and a variety of timeframes, making them feature-rich and versatile for traders.

    The WebTrader platform also fully supports Expert Advisors and is exclusively available with ECN pricing (commissions-based), while the mobile platform allows standard pricing (spread-based).

    In my opinion, FXDD has introduced a commendable platform likely to appeal to users in search of more modern charting options than those available on MetaTrader 4 or MetaTrader 5.

    FXDD VPS

    FXDD offers access to VPS hosting, available 24/6 on the MetaTrader 4 platform. Prices begin at $30 for a basic configuration and go up to $85 for the highest configuration, which includes 4.1 GB of memory and 4 virtual processors.

    Although this might not be the most budget-friendly VPS option available, traders should consider that the reliability of VPS services often outweighs the cost. Those requiring VPS should evaluate the services in a real trading environment before making a final decision.

    Tradable Instruments

    4
    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    FXDD offers access to the most popular instruments in various asset classes, including currency pairs, commodities, indices, stocks, and cryptocurrencies. However, the total number of tradable instruments falls below the industry average.

    Forex Pairs 55
    Commodities 10
    Indices 14
    Stocks 46
    Cryptocurrencies 8

    The number of available commodities and indices is high, the selection of forex pairs is moderate, while the assortment of stocks and cryptocurrencies is limited.

    Stocks at FXDD
    Stocks at FXDD

    What are CFDs?

    CFDs (Contracts for Differences) are financial instruments that allow traders to bet on asset prices without actually holding the respective assets. The key advantage of CFDs is the access to significant leverage, which is typically not available when trading other instruments. Hence, CFDs are very popular in short-term trading.

    My Key Takeaways After Exploring FXDD Tradable Instruments

    FXDD offers access to the most popular instruments across each asset class, presenting a well-rounded selection that is likely to satisfy beginner traders. However, the overall number of available instruments is somewhat limited, potentially posing a challenge for more experienced traders seeking a broader range.

    Customer Support

    4.2
    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    FXDD offers customer service through online chat, phone, and email. My experience revealed that the service team delivered professional responses, though the waiting times could be improved.

    FXDD Customer Support Test

    FXDD clients can contact the customer support team 24/5 via email, phone, and online chat. The support is provided in 11 languages.

    During my tests, I posed various questions to the customer support team through the online chat. I asked simple questions, wondering about available leverage or account types, as well as more challenging ones, like the key differences between account types and platforms.

    The answers I received were professional but not always quick. The chat provides an opportunity to leave an email for the response, which means that the broker knows that its customer support team may be overwhelmed from time to time.

    Customer support at FXDD
    Customer support at FXDD

    Deposit and Withdrawal

    4.3
    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    FXDD clients can deposit and withdraw funds via credit cards, bank transfer, and e-wallets. The broker does not charge deposit or withdrawal fees.

    FXDD Deposits

    Deposit Method Base Currencies Fees Processing Time
    Visa/Mastercard USD, JPY, EUR, GBP No 1 business day
    Bank Transfer USD No 1 business day
    Skrill USD, JPY, EUR, GBP No 1 business day
    Neteller USD, JPY, EUR, GBP No 1 business day
    SticPay USD, JPY, EUR, GBP No 1 business day

    FXDD Withdrawals

    Withdrawal Method Base Currencies Fees Processing Time
    Visa/Mastercard USD, JPY, EUR, GBP No 5-10 business days
    Bank Transfer* USD No 2-5 business days
    Skrill USD, JPY, EUR, GBP No 1 business day
    Neteller USD, JPY, EUR, GBP No 1 business day
    SticPay USD, JPY, EUR, GBP No 1 business day

    Note that a $50 bank wire fee may be applicable for redemptions under $7,000. The first withdrawal for the month is free, but additional redemptions during the same calendar month will result in a $40 charge per redemption.

    Account Types and Terms

    4.9
    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    FXDD provides Standard (commission-free) and Premium (ECN) accounts on the MetaTrader platform, along with ECN accounts on the FXDD WebTrader platform. This account selection aligns with industry standards.

    Accounts at FXDD
    Accounts at FXDD

    FXDD Account Types

    Feature Standard Account Premium Account
    Base Currencies USD, EUR, GBP, JPY,  USD, EUR, GBP, JPY
    Commission No Yes
    Spreads  Variable Variable
    Minimum Deposit $200 $200
    Leverage Up to 1:30 (retail) Up to 1:30 (retail)
    Islamic Account Yes Yes
    Demo Account  Yes Yes
    Margin Call 100% 100%
    Stop Out 50% 50%

    What is CFD Leverage?

    CFD leverage allows traders to hold a position without paying the full value. Instead, you pay a deposit, which is called a margin, while borrowing the rest.

    In the FXDD case, clients of the Malta-regulated entity have access to moderate leverage of up to 1:30 which is determined by the MFSA regulator. Professional traders may have access to leverage of up to 1:100 if they meet certain criteria.

    Offshore entities offer high levels of leverage compared to top-tier regulated entities. For instance, clients of the Mauritius-regulated entity have access to leverage of up to 1:500. This is a high level of leverage, so traders should use appropriate risk management techniques.

    Maximum Leverage by Asset Class

    Asset Class Maximum Available Leverage
    Forex  1:30
    Metals 1:20
    Energies 1:10
    Indices 1:20
    Shares 1:5

    FXDD Account Opening Process

    Account opening at FXDD
    Account opening at FXDD

    To open an account with FXDD, visit the broker’s website and click on “Start Trading.” Traders can choose between Premium and Standard accounts and open an Individual, Corporate, or Demo account.

    Setting up an Individual Account takes more time as you must provide more detailed information, including your personal data, proof of your identity, and information about your trading experience.

    Demo Account

    FXDD offers a demo account that allows you to test the broker’s services and your trading skills without risking your money.

    Please note that your trading experience will differ when you use a demo account compared to a real-money account due to psychological factors, as traders find themselves under pressure when real money is at stake.

    Islamic Account

    FXDD offers Islamic Account options for both Standard and Premium Accounts. Islamic Account provides Muslim traders with an opportunity to trade according to Sharia law. Such accounts do not have swap/rollover fees.

    Restricted Countries

    FXDD does not accept clients from the following countries: Iran, North Korea, Japan, the United Kingdom, Russia, Ukraine, the United States, American Samoa, the Virgin Islands US, Guam, Puerto Rico, and the Northern Mariana Islands.

    Research

    3.9
    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    FXDD provides access to the popular Autochartist tool and issues Daily FX Analysis on its website. The research offering suits both beginner and advanced traders. However, the broker does not provide any in-house content, either regular webinars or videos.

    Daily FX Analysis at FXDD
    Daily FX Analysis at FXDD

    FXDD provides access to the popular Autochartist tool, which employs advanced algorithms to identify potential trading opportunities—a tool many traders are already familiar with.

    The broker also offers daily analysis by TraderMade on its website. These insights discuss popular instruments and include pivot points for certain forex pairs.

    Like most brokers, FXDD features an economic calendar that highlights market-moving economic reports. Traders also have access to a forex calculator, useful for calculating pip values, margin requirements, profit/loss, spread costs, and more.

    Key Takeaways After Testing FXDD Research Tools

    FXDD offers two third-party research tools: Autochartist and daily analysis by TraderMade. The Authochartist tool, which is used by many traders, is a valuable addition to the research set. The TraderMade analysis form is somewhat outdated in its design, but some traders may find it useful, although it lacks depth. The broker has no proprietary research tools as it primarily relies on third-party tools.

    Education

    3.1
    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    FXDD educational support is limited to an FAQ and glossary. The broker also has a YouTube channel, although it has not been updated for several years.

    Glossary at FXDD
    Glossary at FXDD

    FXDD offers a concise glossary featuring basic trading terms. There’s also a blog, which contains articles on general trading topics like forex signals or trading strategies.

    Traders can also find answers to basic questions on platforms, accounts, deposits, and other important things in the Help Center.

    FXDD has a YouTube channel, but it has not been updated for three years. Searching the playlists, traders can find MetaTrader 4 tutorials or watch industry interviews.

    The Bottom Line

    FXDD, established in 2002 and based in Malta, serves a global clientele with a focus on forex and CFD trading. The broker provides a selection of popular instruments across various asset classes, including forex, commodities, indices, stocks, and cryptocurrencies.

    Traders have access to MetaTrader 4 and 5 platforms, as well as FXDD’s proprietary WebTrader and mobile app. Additional tools like Autochartist and VPS hosting are also available.

    FXDD is characterized by its comprehensive platform options, 20-year operational history, and a selection of popular trading instruments. While it offers competitive features for beginners and access to advanced tools like Autochartist and VPS hosting for more seasoned traders, the broker’s fee structure and limited educational resources might not meet the needs of all traders.

    FAQ

    FXDD is based in Malta.
    FXDD has entities regulated by MFSA and FSC Mauritius. Both entities provide negative balance protection and hold clients’ funds in segregated accounts.
    FXDD charges spreads, commissions, and swap/rollover fees.
    FXDD provides strong research support, but its educational offering is limited. The broker also has a professional customer support team.
    Clients can use credit cards, e-wallets, and bank transfers to deposit money into an FXDD account.
    The broker does not have a minimum deposit requirement.
    Clients can use credit cards, e-wallets and bank transfers to withdraw money from an FXDD account.
    It takes 1 – 10 business days to withdraw money from an FXDD account, depending on the withdrawal method.
    The maximum leverage for retail clients in the MFSA-regulated entity is 1:30. Pro-level clients can apply for leverage of up to 1:100.
    To open an account with FXDD, visit the broker’s website and click on “Start Trading”.
    FXDD offers MetaTrader 4, MetaTrader 5, and an in-house WebTrader platform.
    Yes, FXDD offers a demo account.
    Yes, FXDD is suitable for scalping.
    FXDD does not allow auto-trading at MFSA-regulated entity. Auto-trading is available at FSC-regulated entity.
    No, FXDD is not suitable for spread betting.
    Yes, FXDD does provide VPS for a fee.
    No, FXDD does not operate a bank.

    See FXDD Full Information

    Headquarters CountryMalta
    Foundation Year2002
    RegulationsFSCM (Mauritius), MFSA (Malta)
    Publicly TradedNo
    Number Of Employees125
    Trading Desk TypeNo dealing desk
    Trading PlatformsMT5, MT4, WebTrader
    Restricted Countries
    Samoa, North Korea, Iran, Guam, United States, United Kingdom, Northern Mariana Islands, Puerto Rico, Russian Federation, Ukraine, Japan, American Samoa, Angola, Belarus, Bermuda, Burundi, Cameroon, Central African Republic, Chad, Congo, Democratic Republic of the Congo, Cuba, Equatorial Guinea, Gabon, Lebanon, Libya, Marshall Islands, Sao Tome and Principe, Sudan, Syria, Venezuela, Yemen, Zimbabwe
    Supported Languages
    English, Spanish, Portuguese, Italian, Arabic, Japanese, Chinese, Vietnamese, Thai, Hindi, Turkish
    Min Deposit$200
    Max Leverage1:500 (FSCM), 1:30 (MFSA)
    Deposit OptionsWire Transfer, Neteller, Skrill, Visa, Mastercard, SticPay
    Withdrawal OptionsWire Transfer, Neteller, Skrill, Visa, Mastercard, SticPay
    Time to Withdrawal2
    Time to Open an Account5
    Crypto
    Ethereum, Bitcoin, Litecoin, Bitcoin Cash, NEO
    Products
    Currencies, Stocks, Crypto, Indices, Commodities
    Demo AccountYes
    OCO OrdersNo
    Offers HedgingNo
    Automated TradingYes
    API TradingNo
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityNo
    Economic calendarYes
    Trading From ChartYes
    One-Click TradingYes
    Expert AdvisorYes
    Social TradingYes
    AutochartistYes
    Trading SignalsNo
    Platform Languages
    English, Spanish, Norwey, Portuguese, Chinese, Vietnamese, Hindi, Turkish, Italian, Arabic, Japanese, Thai
    24 Hours SupportYes
    Support During WeekendsNo
    Live ChatYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    WebinarsNo
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeYes

    About the Author

    Vladimir ZernovBroker Analyst

    In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

    Why you can trust FX Empire

    At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

    Why you can trust FX Empire

    FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.