FXDD Forex Broker review

Name of the Company FXDD
Established In 2002
Online since 2002
International Offices Malta
Payment Methods ClickandBuy, Credit/debit cards, PayPal, Wire transfer
Demo Account and Platforms MetaTrader 4, MT4-ECN, Integral FX Power Trader, Currenex Viking, MirrorTrader, ZuluTrade, Swordfish (All Limited with 90 days)

FXDD Trader

Account currencies Euro, Japanese yen, United States dollar
Different Currency Pairs 22
Regulated or Registered By CFTC/NFA, FSA (Malta),
Are US Traders Allowed? Yes
Languages in which website is available Arabic, Chinese, English, French, German, Japanese, Portuguese, Russian, Spanish, Turkish, Vietnamese
Languages in which support is available Arabic, Chinese, English, French, German, Japanese, Portuguese, Russian, Spanish, Turkish, Vietnamese
Different Support Methods Live Chat, Phone Email
Types of Account (micro standard executive islamic) Mini, Standard
Minimum Deposit in Accounts $250
Minimum position size 0.01 lot
Type of Spread Fixed
Minimum spread on EUR/USD, pips 1.3
Types of Trading instruments (GOLD; CFD, etc. and the leverage) Forex – 1:200
Real Trading platforms MetaTrader 4, MT4-ECN, Integral FX Power Trader, Currenex Viking, MirrorTrader, ZuluTrade, Swordfish, FXDD Trader
Digits after the dot in quotes 4
Total Number of Currency Pairs $22
Is Free education Available Yes
Do they have Managed accounts Yes
Do they have Trailing stop Yes
Do they have Pending orders Yes
Is One-click trading option Available Yes
Mobile trading Allowed Yes
Browser-based platform Present Yes
Automated trading Present Yes

fxddFXDD with its office in Malta started their trading company in the year 2002. They also started their internet based online trading the same year and are a retail ECN broker. The FXDD is an ECN broker and even though they have a fixed spread, it may become variable especially when there is news which makes the market volatile. The currency pairs to trade in are 20 and can be traded on 5 different trading platforms. Their website has a number of tutorials and videos which helps the beginners as well as experienced traders to hone their trading skills further. The managed account helps the trader to manage their account well. The other features which is of great use to the traders is trailing stop, pending orders, one click trading, browser based platform and automated trading. They have two types of accounts which include mini and standard accounts. The minimum deposit required to open an account with them is $250 and the minimum trade size is 0.01 lots.

The account currencies allowed in the trader’s account are Euro, Japanese Yen and United States Dollar. The company is well regulated by the regulating authorities of USA that is CFTC/NFA and by FSA in Malta. Since the company is registered in USA they allow the traders from United States to do trading from their account. Their website is available in 11 languages and their customer support service is multilingual and is available in as many languages. The customer support service can be reached via live chat, phone and email. They have a fixed spread which allows the trader to know the cost of their trade before putting the order. They have a number of trading platforms and the traders are at liberty to choose the one that suits his trading needs the most.

FXDD forex broker are one of the many reputed trading companies in the forex market. The reviews posted online also suggest the same for the company. The most liked feature of the company is that they have 5 different trading platforms, all of which have many features which help the trader in making the trade successful. The withdrawal and deposit of fund is easy and fast as well as hassle free though the number of options available are very limited. They allow traders from United States of America to trade from their account and is liked by many US traders. Some of the cons of trading through this company is that they their trading platform may require some time to understand. The application process to open an account with them require more than 1 days’ time. The requotes are found quite often which may result in losses. The only trading instrument offered is Forex and the leverage on the same is only 1:200. However, the customer support service is excellent and well trained to handle all the queries. The overall reviews are positive and the average rating given to the company by its users are 5.6 out of 10.

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