FXDD is an online trading broker that specializes in forex, CFDs, stocks, and goods, among other types of investments. Clients from over 200 nations, such as the United Kingdom, Canada, Australia, Egypt, Singapore, and the Philippines, are served by the company.
The trader was created in New York in 2002 and is based in Malta. Since 2004, it has been trading under the direction of its CEO, who has opened 400,000 accounts. The Malta Financial Services Authority regulates the firm in Europe, and it is licensed to provide services in all EEA countries under EU MiFID legislation.
The broker provides a variety of trading platforms to accommodate traders with varying degrees of experience. A mobile trading app is included with all platforms. MetaTrader 4 is a free download that has been optimized using dedicated technology to give users more trading possibilities. You can either download MT4 to your desktop or trade using one of the major web browsers. For further professional ones, the company also provides the MT5 software, which is available as a free download on desktop computers and through major online platforms. WebTrader is a customized broker solution offered by the firm that was built up over time with the demands of skilled consumers in mind.
FXDD Mobile, the broker’s extra mobile trading program, is also available. During traveling, this app gives users access to analyst reviews and global news sources through an easy-to-use interface. Traders can use high-speed server data update streams to conduct trades with a single click of a button using the app.
On all trading systems, FXDD provides a demo. To be able to securely test their talents with $ 3,000 in virtual funds, customers must first complete an online registration form. Demo accounts are valid for 90 days, but you can request more time via support.
Demo service allows you to familiarize yourself with the FXDD trading platform’s software and practice trading instruments like forex. However, it should be remembered that, while the pricing on sample accounts is based on real-world values, they differ slightly.
The corporation’s forex market spreads start at 0.3 pips for USDJPY and 0.7 pips for EURUSD.
When trading with a regular account, the broker does not charge a fee; moreover, when trading with an ECN profile, the company does charge fees. On overnight positions, the company charges exchange rates; more information can be found on the broker’s website.
Clients must fill out a refund request to order to withdraw their winnings. Applications for redeeming take 24 to 48 hours to process. Clients can also use the fund’s transfer form to transfer funds between existing and new accounts.
Every month the broker will reimburse the cost of the first withdrawal; however, additional payments will incur a $ 40 fee. For wire transfer withdrawals, the required redemption amount is $ 100, and any withdrawals below this amount will be charged a $ 25 fee. If you have any difficulties withdrawing funds, FXDD recommends calling them.
The website includes a comprehensive instructional platform that includes courses and tools like rollover rates, margin calculators, and position size calculators.
Clients can also access daily and weekly market data, training materials, a blog, and an economic calendar via the broker’s website. Currency pairs, emerging markets, and commodities are just a few of the themes covered in trader’s guides. There’s also a dictionary of rated economic words and a page with frequently asked questions.