Overall Rating: ★★★☆☆ (3.7/5)

Broker Overview

FXDD is an established forex and CFD broker founded in 2002 and headquartered in Malta. The broker is known for offering flexible account options, competitive spreads, and a variety of trading platforms. FXDD caters to both retail and institutional clients, providing a trading environment that combines advanced technology with extensive market access. In this FXDD review, we explore its features, platforms, regulation, fees, and trading conditions.

Key Features of FXDD

FXDD offers a range of noteworthy features:

• Wide Range of Instruments: Forex, commodities, indices, cryptocurrencies, and stocks.
• Multiple Platforms: MetaTrader 4, MetaTrader 5, and FXDD’s proprietary WebTrader.
• Flexible Account Types: Catering to different trading styles.
• Competitive Spreads: Tight spreads on major forex pairs.
• High Leverage: Up to 1:500 for international clients.
• Institutional Trading Solutions: For professional traders and money managers.

FXDD focuses on delivering an adaptable trading experience suitable for both beginners and advanced traders.

Account Types Offered by FXDD

FXDD offers several account options:

• Standard Account:
  • Spreads from 1.8 pips
  • No commissions
  • Suitable for beginners
• ECN Account:
  • Spreads from 0.0 pips
  • Commission of $5 per round trip
  • Best for scalpers and high-frequency traders
• Demo Account:
  • Free access to real market conditions
  • Ideal for practice and strategy testing

FXDD accounts offer leverage up to 1:30 for European clients and up to 1:500 for international clients.

Trading Platforms and Tools

FXDD supports several trading platforms:

• MetaTrader 4 (MT4): Popular for its reliability, custom indicators, and automated trading features.
• MetaTrader 5 (MT5): Enhanced platform offering more order types, timeframes, and asset classes.
• FXDD WebTrader: Proprietary web-based platform with an intuitive interface, suited for mobile and desktop use.

These platform options provide flexibility for different trading strategies and experience levels.

Regulation and Security

FXDD operates under multiple regulatory frameworks:

• Malta Financial Services Authority (MFSA):
  FXDD Malta Ltd is authorised and regulated under licence number IS/48817.
• Mauritius Financial Services Commission (FSC):
  FXDD Trading Ltd is licensed as an Investment Dealer under licence number C119023978.

Clients trading under MFSA enjoy stronger regulatory protections, including fund segregation and negative balance protection, whereas FSC regulation offers more flexible trading conditions but lighter oversight.

Fees and Spreads

FXDD maintains a competitive fee structure:

• Spreads:
  • Standard Account: From 1.8 pips
  • ECN Account: From 0.0 pips
• Commissions:
  • $5 per round trip on ECN accounts
• Deposit/Withdrawal Fees: No internal fees, but third-party charges may apply
• Inactivity Fees: $30 per month after 90 days of inactivity

Active traders benefit from tight spreads and reasonable commissions, though inactivity fees are a drawback.

Deposit and Withdrawal Options

FXDD offers multiple secure payment methods:

• Deposit Methods: Bank transfer, credit/debit cards, Skrill, Neteller
• Withdrawal Methods: Same as deposit methods
• Processing Time: Withdrawals typically processed within 1 to 2 business days

Deposits and withdrawals are generally smooth, though processing times can vary based on the payment method.

Customer Support

FXDD provides multilingual customer support:

• Support Hours: 24/5
• Contact Methods: Live chat, email, and phone
• Help Centre: FAQs and trading guides

The support team is knowledgeable and typically resolves issues quickly, although response times can vary during peak hours.

Educational Resources

FXDD offers modest educational support:

• Webinars: Occasional sessions covering market trends and trading strategies.
• Video Tutorials: Basic platform guides and trading concepts.
• Market Analysis: Regular updates with technical and fundamental analysis.

Educational content is helpful for beginners, though less comprehensive compared to top-tier brokers.

Pros and Cons of FXDD

Pros:

• Long-standing reputation in the forex industry
• Access to MT4, MT5, and proprietary WebTrader
• ECN accounts with tight spreads
• Regulated in both Europe and Mauritius

Cons:

• Higher inactivity fees
• Limited educational resources compared to larger brokers
• No proprietary desktop trading platform

Who Should Choose FXDD?

FXDD is ideal for:

• Experienced Traders: Who want access to ECN accounts with tight spreads.
• International Traders: Who value higher leverage options.
• Institutional Clients: Seeking tailored trading solutions.
• MetaTrader Users: Who prefer reliable and widely used platforms.

Traders looking for in-depth educational resources or broader asset coverage might prefer alternative brokers.

Conclusion

FXDD offers a flexible and reliable trading environment, backed by a long-standing reputation and strong platform options. With competitive spreads, ECN accounts, and regulation through both MFSA and FSC, it is a solid choice for experienced traders and institutions. However, traders should be mindful of inactivity fees and lighter regulatory protections when operating outside Europe. Overall, FXDD is a trustworthy and cost-effective broker for those who value flexibility and choice.