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FXDD Review

  • Regulated by: MFSA
  • Safety: segregates client funds
  • Trust Rating: D
Open FXDD's Website

Losses can exceed deposits. Your capital is at risk.

FXDD two ways: 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.

Open a demo account Visit FXDD

Full disclosure: We may receive a commission if you sign up with a broker using one of our links. Your capital is at risk. CFDs are leveraged products & 73% of traders lose money when trading CFDs.

FXDD screenshot

PROS

  • Segeregates client funds
  • Established in 2002
  • Regulated by MFSA
  • Min. deposit from $1

CONS

What are FXDD's spreads & fees?

Like most brokers, FXDD take a fee from the spread, which is the difference between the buy and sell price of an instrument.

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.

Spreads are dynamic and are for informational purposes only. Last updated: June 06, 2018.

As you can see, FXDD's minimum spread for trading EUR/USD is 1.6 pips - which is relatively high compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with FXDD vs. similar brokers.

See all Spreads
Your capital is at risk.

How much does FXDD charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with FXDD at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $N/A. Here’s a rough breakdown of the fees and how this compares against XTB & City Index.

FXDD XTB City Index
Spread from: N/A $2.00 $5.00
Typical overnight fee: N/A $7.94 $20.60
Commission: N/A 0 0
Total cost of a 100k trade: N/A $9.94 $25.6
Visit FXDD Visit XTB Visit City Index

All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018. Your capital is at risk.

General Fees

  • FXDD does charge inactivity fees
  • FXDD doesn’t charge withdrawal fees*

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • The rollover fee for long positions on EUR/USD is -$8.70
  • The rollover fee for short positions on EUR/USD is $3.20

Commissions

  • FXDD doesn’t charge commission on CFD shares

What can you trade with FXDD?

FX / Currencies FXDD XTB City Index
# of forex pairs offered 50 84
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs FXDD XTB City Index
# of commodities offered 0 26
Metals Yes Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Index & Stock CFDs FXDD XTB City Index
# of Stocks offered 10 1500 4500
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
See FXDD's Instruments See XTB's Instruments See City Index's Instruments
Your capital is at risk.

What’s the FXDD trading experience like?

1) Platforms and apps

FXDD offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. FXDD also offer their custom RoboX platform.

FXDD Screenshot See FXDD's Platforms

FXDD also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See FXDD's platforms
Your capital is at risk.

Trading Features:

  • Allows scalping
  • Low min deposit

Accounts offered:

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account

Still not sure?

Open a practice account & learn to trade

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 an ECN broker who benefits 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. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that FXDD offers its traders on the right.

Funding methods:

  • Bank Transfer

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.

4) What you’ll need to open an account with FXDD

As FXDD is regulated by MFSA, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore FXDD’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with FXDD you can visit their website here.

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 August 23, 2018.