FXDD Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：FXDD, a trading name of FXDD GLOBAL, is an online trading broker established in Malta in 2002. FXDD is regulated by the Malta Financial Services Authority (MSFA, suspicious clone) (License No. C48817). The broker provides access to various financial instruments, including currencies, commodities, metals, and indices, through multiple trading platforms.

　　Note: FXDD's official website: https://www.fxddtrading.com/bm/en is currently inaccessible normally.

FXDDReview Summary
Founded	2002
Registered Country/Region	Malta
Regulation	Suspicious Clone
Market Instruments	Forex, Metals, Stocks, Energies, Indices, Stocks and Cryptocurrencies
Account Type	Standard accounts and ECN accounts
Demo Account	✔
Leverage	Up to 1:100
Spread	1.8 pips
Trading Platform	MT4, MT5, WebTrader and FXDD Mobile
Min Deposit	$100
Payment Methods	Visa, UnionPay, Neteller, Skrill, Bank Wire and TMI Trust Company
Customer Support	Phone: +1 (212) 720-7200
	Email: support@fxddtrading.com
	Address: 525 Washington Blvdjersey City, NJ 07310

FXDD Information

　　FXDD, founded in 2002, is a brokerage registered in Malta. The trading instruments it provides cover Forex, Metals, Stocks, Energies, Indices, Stocks and Cryptocurrencies. The Whois website shows that the registration date of this dealer is 2002-05-22.

Pros and Cons

Pros	Cons
Offers diverse market instruments	Suspicious clone
No deposit or withdrawal fees for most methods	Some negative reviews from clients
MT4 and MT5 supported	No 24/7 customer support
Demo account available

Is FXDD Legit?

　　FXDD is regulated by Malta. It has 2 types of licenses - MFSA License, NFA License. But the current status of these licenses is suspicious clone.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
Malta	MFSA	TRITON CAPITAL MARKETS LTD	Market Making(MM)	C48817	Suspicious Clone
Unites States	NFA	FXDIRECTDEALER LLC	Common Financial Service License	0397435	Suspicious Clone

What Can I Trade on FXDD?

　　FXDD offers traders the opportunity to trade Forex, Metals, Stocks, Energies, Indices, Cryptocurrencies.

Tradable Instruments	Supported
Metals	✔
Forex	✔
Cryptocurrencies	✔
Indices	✔
Energies	✔
Stocks	✔
Derivatives	❌
Futures	❌
Options	❌

Account Types

　　FXDD offers 2 different types of accounts to traders - Standard accounts and ECN accounts. It also provides an Demo Account.

FXDD Fees

　　FXDD charges no commissions. But it charges an inactivity fee.

　　The amount of the fee depends on how long the account has been inactive, $40 for accounts inactive for less than 1year, $50 for accounts inactive for 1-2 years, $60 for accounts inactive for 2-3 years, and $70 for accounts inactive for over 3 years.

Trading Platform

　　FXDD's trading platform is MT4 Margin WebTrader, MT5 Margin WebTrader and an app - FXDD Mobile, which supports traders on PC, Mac, iPhone and Android.

Trading Platform	Supported	Available Devices
MT4 Margin WebTrader	✔	Web, Mobile
MT5	✔	Web, Mobile
FXDD Mobile	✔	Mobile

Deposit and Withdrawal

　　FXDD provides numerous means of deposit and withdrawal choices, consisting of Visa, UnionPay, Neteller, Skrill, Bank Wire and TMI Trust Company. Most deposits and withdrawals do not incur any fees. The minimum deposit is $100.