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, 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 | 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 |
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 |
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 | ❌ |
FXDD offers 2 different types of accounts to traders - Standard accounts and ECN accounts. It also provides an Demo Account.
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.
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 |
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.
Traders from diverse regions, including Iraq, Africa, the USA, the UAE, etc., have raised serious concerns about TNFX and its operations and have also brought forward reports of legal actions and security service reviews. All the instances and proofs point toward the broker being scammy and unreliable.
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