FXDD offer two ways to trade: Forex, Social Trading.
To open a live account, you’ll need a minimum deposit of at least $1. Alternatively, FXDD offer a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by . FXDD puts all client funds in a segregated bank account and uses tier-1 banks for this. FXDD have been established since 2002, and have a head office in United States.
Before we dive into some of the more detailed aspects of FXDD’s spreads, fees, platforms and trading features, you may want to open FXDD‘s website in a new tab by clicking the button below in order to see the latest information directly from FXDD.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are FXDD's spreads & fees?
The spreads displayed below are based on the minimum spreads listed on FXDD’s website. The colour bars show how competitive FXDD’s spreads are in comparison to other popular brokers featured on BrokerNotes.
EUR/USD1.6 PIPS $3 per lot
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
USD/JPYNot offered $3 per lot
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
GBP/USDNot offered $3 per lot
The average spread for GBP/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 41.15 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Example: How much would it cost to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:
|Typical overnight fee:||$8.70||$5.00||$9.40|
|Total cost of a 100k trade:||$16.7||$12||$15.4|
|+$4.7 saving||+$1.3 saving|
|Visit FXDD||Visit AvaTrade||Visit Plus500|
All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.
What instruments can you trade with FXDD?
|FX / Currencies||FXDD||AvaTrade||Plus500|
|# of forex pairs offered||59||61|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes|
|Exotic forex pairs||Yes||Yes|
|# of commodities offered||16||17|
|Indiced & Stock CFDs||FXDD||AvaTrade||Plus500|
|# of Stocks offered||10||99||1816|
|See FXDD's Instruments||See AvaTrade's Instruments||See Plus500's Instruments|
What's the FXDD trading experience like?
1) Platforms and apps
FXDD also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you‘re on the move.See FXDD's platforms
2) Executing Trades
FXDD allow you to execute a minimum of trade of 01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.
As a market maker, FXDD may have lower entry requirements compared to a ECN broker who benefit from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, FXDD offer margin up to 0.02% on currencies.
Finally, we‘ve listed some of the popular funding methods that FXDD offers its traders on the right.
3) Client support
FXDD support a limited number including
FXDD have a BrokerNotes A support rating because FXDD offer over three languages and email and phone support.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.fxdd.com/mt/en.html on March 6, 2018.