Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
FXDD Pros & Cons
- 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.
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).
TU Expert Verdict
FXDD demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
FXDD User Reviews
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5-star
11%
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4-star
26%
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3-star
47%
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2-star
0%
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1-star
16%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria5 /10The trading and non-trading commissions of FXDD have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and IG Markets, 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 OANDA IG Markets EUR/USD min, pips 0.3 0.1 0.6 EUR/USD max, pips 1.8 0.5 1.2 GPB/USD min, pips 0.4 0.1 0.6 GPB/USD max, pips 1.9 0.5 1.5 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 OANDA IG Markets Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3 3.5 2.3 EUR/USD avg spread 0.3 0.15 0.8 GBP/USD avg spread 0.4 0.2 1 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 OANDA IG Markets Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0-50 0-15 0 Inactivity fee ($, per month) 13 0 0 -
Is FXDD Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria7 /10FXDD 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 24 years
- Not tier-1 regulated
FXDD Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level MFSA
Full Name Malta Financial Services Authority Country of regulation Malta Investor Protection Fund Up to €20,000 Regulation Level Tier-2
FSC (Mauritius) Full Name Financial Services Commission of Mauritius Country of regulation Mauritius Investor Protection Fund No specific fund Regulation Level Tier-3 FXDD Security Factors Foundation date 2002 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.3.5 /10FXDD offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Demo account
- Tight spread ECN account
- No VIP account option
- No Cent account
FXDD account types vs top competitors FXDD Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo YesYesYesCent NoNoNoMicro NoNoYesSwap Free NoNoYesVIP NoNoNoManaged NoNoNoFXDD accounts trading conditions
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:
Account Type Description Standard A standard account with narrow market spreads for EUR/USD from 1.9 pips without additional brokerage fees. The company guarantees its owners zero slippage. Order execution type is Instant execution. ECN ECN accounts are for professional trading. EUR/USD spreads start from 0.4 pips. There is a commission for the lot when trading via WebTrader: for the main currency pairs, it is $2.99, for other instruments it is $4.99. Orders are executed by the Market execution type. 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.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6 /10FXDD 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.
- Bank card deposits and withdrawals
- No deposit fee
- Bank wire transfers available
- Minimum deposit below industry average
- PayPal not supported
- Only major base currencies available
- BTC payments not accepted
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 OANDA Bank Wire YesYesYesBank card YesYesYesPayPal NoYesYesWise NoNoNoBTC NoNoYesWhat are FXDD base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FXDD supports the following base account currencies: USD, EUR, GBP, JPY.
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.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6 /10FXDD 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
- ETFs investing
- Bonds not available
- Copy trading not available
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 OANDA Currency pairs 54 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 137 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesYesStock indices YesYesYesOptions YesYesNoInvestment options
We also explored the trading assets and products FXDD offers for beginner traders and investors who prefer not to engage in active trading.
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Trading Account Opening
Score:We evaluated Trading Account Opening at FXDD by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10We successfully registered an account with FXDD in 10 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at FXDD is $200. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fast registration time (up to 15 minutes)
- Fully online account opening process
- Low minimum deposit requirement
- Account approval may require extra time depending on the documentation.
FXDD account opening FXDD Plus500 OANDA Online Registration YesYesYesMinimum deposit $200 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 10 10 KYC time (days) 2 3 3 Is FXDD available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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:
- Opening a new trading account.
- Passing verification, making a deposit, withdrawing funds, changing the leverage..
Also, in the trader's personal account, the following options are available:
- An economic calendar that displays the forecast of news and events happening in the market in real-time.
- Rollovers — current rates for Forex positions held until their value date, and interest on unrealized profit/loss.
- Data from Trading Central: market analysis and a brief overview of the daily news.
- Real-time currency quotes and spread sizes from leading banks and financial institutions.
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Customer Support
Score:We evaluated Customer Support at FXDD by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria4 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
InformationSupport service operators are available 24 hours a day Mon-Fri and from 17: 00 Sunday and 16: 55 on Fridays, EST).
- In an online chat, you can ask a question without being a customer of the company
- Support is available in 6 languages
- Works in 24/5 mode
- You can't ask a question in Russian
The broker provides the following communication channels:
- phone number (specified in the section Contact);
- email;
- online chat on the website and in your personal account;
- feedback form;
- 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
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FAQs
How do FXDD’s regulations and safety measures protect client funds?
FXDD has a safety score of 7/10, indicating a medium security level under the Traders Union methodology. It is regulated by the Malta Financial Services Authority (Tier-2, with an investor protection fund up to €20,000) and the Financial Services Commission of Mauritius (Tier-3, without a specific fund), and offers negative balance protection and mandatory KYC, but is not classified as a Tier-1 regulated broker.
What do reviews say about FXDD spreads, commissions, and other fees?
According to the fee analysis, FXDD has a medium fee level with a score of 5/10, combining tight EUR/USD spreads with above-average overall Forex trading fees. Standard account EUR/USD spreads typically range from 0.3 to 1.8 pips, ECN accounts charge a $3 commission per lot with average EUR/USD spreads around 0.3 pips, and non-trading fees include no deposit fee, variable withdrawal fees from $0 to $50, and a $13 monthly inactivity fee.
What account types and trading conditions does FXDD offer?
FXDD provides Demo, Standard, and ECN/Raw spread accounts, but does not offer Cent, Micro, Swap Free, VIP, or managed accounts. Standard accounts feature EUR/USD spreads from 1.9 pips with instant execution and no extra commission, while ECN accounts use market execution with EUR/USD spreads from 0.4 pips plus a per-lot commission, maximum leverage of 1:30 for retail and 1:100 for professionals, and no stated minimum deposit requirement for the account types in this section.
How straightforward is the FXDD trading account opening process according to feedback?
The account opening process at FXDD is fully online, with registration typically completed in about 10 minutes and KYC verification in around 2 business days, and the minimum deposit is stated as $200 in this section. Users must choose between the Maltese or Mauritian division, provide personal and financial information, pass verification before depositing, and can then access features such as an economic calendar, rollovers data, Trading Central analysis, and real-time quotes in their personal area.
What do reviews and feedback indicate about FXDD customer support quality?
Based on available feedback in this section, FXDD customer support is described as having noticeable weaknesses in responsiveness and depth of assistance, with delays and the need for repeated contact mentioned. Support operates 24/5 (from Sunday 17:00 to Friday 16:55 EST), is available in six languages but not Russian, and can be reached via phone, email, online chat, feedback form, and callback request, including by non-registered visitors.
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