According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- MT4
- MT5
- WebTrader
- 2002
Our Evaluation of FXDD
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
FXDD is a moderate-risk broker with the TU Overall Score of 5.12 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FXDD clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
FXDD is a broker for professional trading and investing with a focus on clients from the Eurozone countries.
Brief Look at FXDD
The FXDD (pronounced "Efex-didi") brokerage is an STP broker that has been providing services since 2002. The company offers trading in 6 asset classes — currency pairs, cryptocurrencies, and contracts for difference (CFDs). It has offices in Malta and New York. The broker's services are used by more than 400 thousand clients around the world. The regulators are the MFSA (Malta Financial Services Authority, C48817) and the FSC (Mauritius Financial Services Commission, C117017252).
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- The only minimum deposit requirement is $1 or more in your account.
- The desktop and mobile platforms are MetaTrader 4 and MetaTrader 5, as well as a web terminal.
- Availability of PAMM and MAM accounts for passive investment.
- High spreads on standard accounts - from 1.9 pips on the EUR/USD pair.
- No cent (micro) accounts.
- Complex and lengthy procedure for opening a trading account.
- Limited choice of payment systems for depositing and withdrawing funds.
- There is no Russian-language website and support.
TU Expert Advice
Author, Financial Expert at Traders Union
FXDD provides trading services through MetaTrader 4, MetaTrader 5, and WebTrader platforms, offering Standard and ECN accounts. It facilitates trading six asset categories, including Forex, cryptocurrencies, and various CFDs, with leverage ranging from 1:30 to 1:100. Traders benefit from a $1 minimum deposit requirement and access to PAMM and MAM accounts for passive investments, including Islamic accounts designed to comply with Sharia law, providing flexibility for diverse trading strategies.
Despite these features, FXDD has drawbacks, like higher-than-average spreads starting from 1.9 pips on the Standard account and limited payment options for transactions. It also lacks cent accounts and have a complex account opening process which may deter some traders. Ultimately, the platform may be suitable for professional traders comfortable with the ECN account and active participants but may not be ideal for beginners.
FXDD Trading Conditions
| 💻 Trading platform: | МТ4 (Desktop, Mobile, Web), МТ5 (Desktop, Mobile), WebTrader |
|---|---|
| 📊 Accounts: | Demo, Standard, ECN |
| 💰 Account currency: | USD, EUR, GBP, JPY |
| 💵 Deposit / Withdrawal: | Credit cards, Bank transfer, Neteller, UnionPay |
| 🚀 Minimum deposit: | Starting from $1 |
| ⚖️ Leverage: | Up to 1:30 (for retail), up to 1:100 (for professional traders) |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0,01 |
| 💱 EUR/USD spread: | 0,3 pips |
| 🔧 Instruments: | Currency pairs (67), CFDs on stocks (20), indices (13), metals (7), energy resources (4), cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100%/50% |
| 🏛 Liquidity provider: | More than 20 major banks |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Instant execution, Market execution |
| ⭐ Trading features: | There is a fee for inactivity on the account |
| 🎁 Contests and bonuses: | No |
The FXDD broker offers its clients more than 100 trading tools, classic MetaTrader terminals, and the ability to trade from standard and ECN accounts. Traders get leverage from 1:30 to 1:100, depending on the asset and platform selected for trading. Potential customers can test trading conditions on demo accounts. Muslim traders can work on Islamic accounts without charging for swaps.
FXDD Key Parameters Evaluation
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Trading Account Opening
To start trading with FXDD, you need to become a client of the broker by creating a trading account. Follow these steps:
On the FXDD website, click Start Trading. After that, the system will ask you to choose one of the divisions to create an account — Maltese or Mauritian.
After selecting the company's division, fill out the registration form. The broker asks you to specify not only personal data (last name, patronymic, date of birth, address, and phone number), but also the amount of available capital, the origin of income, as well as trading experience. After that, you need to answer a series of questions about trading: what is Stop Loss, margin trading, etc. To deposit money to a trading account, you need to pass verification.
The functionality of the FXDD personal account:
Also, in the trader's personal account, the following options are available:
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An economic calendar that displays the forecast of news and events happening in the market in real-time.
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Rollovers — current rates for Forex positions held until their value date, and interest on unrealized profit/loss.
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Data from Trading Central: market analysis and a brief overview of the daily news.
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Real-time currency quotes and spread sizes from leading banks and financial institutions.
Regulation and safety
FXDD has a safety score of 7/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 23 years
- Not tier-1 regulated
FXDD Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 MFSA |
Malta Financial Services Authority | Malta | Up to €20,000 | Tier-2 |
 FSC (Mauritius) |
Financial Services Commission of Mauritius | Mauritius | No specific fund | Tier-3 |
FXDD Security Factors
| Foundation date | 2002 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker FXDD have been analyzed and rated as Medium with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- Inactivity fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FXDD with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FXDD’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FXDD Standard spreads
| FXDD | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,3 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,8 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,4 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,9 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
FXDD RAW/ECN spreads
| FXDD | Pepperstone | OANDA | |
| Commission ($ per lot) | 3 | 3 | 3,5 |
| EUR/USD avg spread | 0,3 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,4 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FXDD. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FXDD Non-Trading Fees
| FXDD | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0-50 | 0 | 0-15 |
| Inactivity fee ($, per month) | 13 | 0 | 0 |
Account types
The FXDD offers 2 types of accounts. For the MetaTrader platforms, standard accounts and ECN are available; for WebTrader, only ECN. The maximum leverage for retail clients is 1:30, for professionals, it’s 1:100. There are no minimum deposit requirements for any accounts.
Account types:
Demo accounts are available for all terminals.
The FXDD is an STP broker that provides favorable trading conditions to professional traders who prefer to work with ECN technology.
Deposit and withdrawal
FXDD received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
FXDD provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No deposit fee
- Bank wire transfers available
- Bank card deposits and withdrawals
- Minimum deposit below industry average
- Wise not supported
- BTC payments not accepted
- BTC not available as a base account currency
What are FXDD deposit and withdrawal options?
FXDD provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Neteller.
FXDD Deposit and Withdrawal Methods vs Competitors
| FXDD | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are FXDD base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. FXDD supports the following base account currencies:
What are FXDD's minimum deposit and withdrawal amounts?
The minimum deposit on FXDD is $200, while the minimum withdrawal amount is $100. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FXDD’s support team.
Markets and tradable assets
FXDD offers a limited selection of trading assets compared to the market average. The platform supports 137 assets in total, including 54 Forex pairs.
- Indices trading
- Commodity futures are available
- 54 supported currency pairs
- Copy trading not available
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by FXDD with its competitors, making it easier for you to find the perfect fit.
| FXDD | Plus500 | Pepperstone | |
| Currency pairs | 54 | 60 | 90 |
| Total tradable assets | 137 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | Yes | Yes | No |
Investment options
We also explored the trading assets and products FXDD offers for beginner traders and investors who prefer not to engage in active trading.
| FXDD | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | No | No | No |
Customer support
Support service operators are available 24 hours a day Mon-Fri and from 17: 00 Sunday and 16: 55 on Fridays, EST).
Advantages
- In an online chat, you can ask a question without being a customer of the company
- Support is available in 6 languages
Disadvantages
- Works in 24/5 mode
- You can't ask a question in Russian
The broker provides the following communication channels:
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phone number (specified in the section Contact);
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email;
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online chat on the website and in your personal account;
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feedback form;
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callback request.
Not only can a registered client ask a broker's representative a question, but also a trader without an active account.
Contacts
| Foundation date | 2002 |
|---|---|
| Registration address | Triton Capital Markets Ltd., K2, First Floor, Forni Complex, Valletta Waterfront Floriana, FRN 1913, Malta |
| Official site | fxdd.com |
Education
There is no separate training section on the FXDD website. The only way for novice traders to gain knowledge is to study short guides on trading various Forex assets.
The broker does not have cent accounts, so the only option to consolidate the acquired knowledge in practice will be training on a demo account.
Comparison of FXDD with other Brokers
| FXDD | Eightcap | XM Group | RoboForex | Pocket Option | Vantage Markets | |
| Trading platform |
MT4, MT5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | MT4, MT5, TradingView, ProTrader, Vantage App |
| Min deposit | $1 | $100 | $5 | $10 | $5 | $50 |
| Leverage |
From 1:1 to 1:100 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 1.9 point | From 0 points | From 0.8 points | From 0 points | From 1.2 point | From 0 points |
| Level of margin call / stop out |
100% / 50% | 80% / 50% | 100% / 50% | 60% / 40% | 30% / 50% | 100% / 50% |
| Order Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | No |
Detailed Review of FXDD
The FXDD broker builds its business on compliance with three rules: providing the best prices, the ability to apply any trading strategies, and ensuring the fastest execution. Clients can choose the type of execution (instant execution or market execution), conduct automated trading and use free analytics from the company's experts and the Trading Central service. Standard, Islamic, ECN, and demo accounts are available to traders.
About the FXDD broker in numbers:
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More than 400 thousand open trading accounts.
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More than 19 years in the field of brokerage services.
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The total volume of operations is about 8 trillion US dollars.
FXDD is the broker for active trading and passive investing
In addition to standard accounts, STP broker FXDD offers ECN technology (Electronic Communication Network), which allows private traders to trade directly with the broker's liquidity providers such as banks and top-level financial institutions. This allows users to get the lowest possible trading spreads. The company's clients can trade currency pairs, cryptocurrencies, as well as CFDs on stocks, indices, metals, and energy. For passive investors, the broker offers the ZuluTrade social trading platform and Money Manager accounts for money management.
FXDD clients trade through the desktop and mobile terminals of MetaTrader 4/5, as well as using the broker's own web platform. One-click trading is available to traders, and automated expert advisors and scripts are allowed.
Useful FXDD services:
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Custom Price Ticker. On the site, the user can create a ticker to track prices and spreads for interesting assets. The data is updated in real-time.
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Trading calculators. They allow you to calculate the size of profit and loss, margin, pivot point, and Fibonacci levels.
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Display of market data. Traders can access the economic calendar, historical data for MetaTrader, the prices of all assets, and the size of spreads and swaps.
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VPS for MetaTrader 4. Hosting for the round-the-clock operation of automated systems.
Advantages:
There are 6 asset classes available for trading.
To ensure the security of client funds, the company stores them in segregated accounts.
Negative balance protection is in effect.
Narrow spreads from 0.4 pips on ECN accounts.
ZuluTrade, a popular social trading platform, is available to investors.
The broker provides free analytics and online tools to improve the quality of trading.
The VPS, FIX API, and Islamic accounts are available to all customers, regardless of the size of the deposit.
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