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FXDD

WikiFX | 2023-12-05 16:49

Abstract:FXDD is a trading platform reportedly registered in China. However, it's worth noting that although it is stated to be regulated by the National Futures Association (NFA), it has been tagged as a suspicious clone, which raises concerns about its legitimacy. Therefore, potential users should treat this platform with caution and carry out thorough due diligence.

Note: FXDD's official site - https://fxdd.yahui.cc/jianjie/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

FXDD Review Summary
Registered Country/Region China
Regulation NFA (Suspicious Fake Clone)
Market Instruments N/A
Demo Account N/A
Leverage N/A
Spread N/A
Commission N/A
Trading Platforms N/A
Minimum Deposit N/A
Regional Restrictions N/A
Customer Support Email: cn@fxdd.com

What is FXDD?

FXDD is a trading platform reportedly registered in China. However, it's worth noting that although it is stated to be regulated by the National Futures Association (NFA), it has been tagged as a suspicious clone, which raises concerns about its legitimacy. Therefore, potential users should treat this platform with caution and carry out thorough due diligence.

FXDD

Pros & Cons

Pros Cons
N/A
  • Very Limited Information can be Found
  • Dead Website
  • Suspicious Clone Regulation
  • Very Limited Customer Service

Cons:

  • Very Limited Information: There seems to be a notable lack of available information about this platform, making it difficult for potential users to understand what it offers or how it operates.

  • Dead Website: The website appears to be non-functional or inaccessible, which could raise significant credibility and reliability concerns.

Dead Website
  • Suspicious Clone Regulation: FXDD claims to be regulated by the National Futures Association (NFA), but it's tagged as a suspicious clone. This raises serious concerns about its legitimacy and can potentially indicate fraudulent activities.

  • Limited Customer Service: FXDD provides only email support, which could be very limiting. The lack of extensive support channels could hinder efficient problem resolution and does not bode well for customer service.

Is FXDD Safe or Scam?

  • Regulatory Sight: FXDD claims to be regulated by the National Futures Association (NFA) in the United States, under the license number 0397435. However, this regulatory status is marked as a “Suspicious Clone”, which indicates that there might be another platform imitating the actual FXDD, or this platform may be falsely claiming to be regulated. The license type is designated as a “Common Financial Service License.” Given the suspicious clone status, great care must be taken and thorough research conducted by traders or interested clients to verify the platform's credibility in regulatory terms.

suspicious clone NFA license
  • User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

  • Security Measures: So far we haven't found any information about the security measures for this broker.

Conclusion

FXDD is a broker regulated by the National Futures Association (NFA). However, given its suspicious clone status, a currently non-functional website, and very limited available information or customer service, it necessitates utmost caution. Thorough due diligence is recommended before any engagement with this platform.

Frequently Asked Questions (FAQs)

Q: Is FXDD a regulated platform?

A: Although FXDD claims to be regulated by the National Futures Association (NFA) in the United States, it has a “Suspicious Clone” status, which raises serious concerns about its legitimacy.

Q: What kind of customer support does FXDD offer?

A: As per the available information, FXDD only offers email support. The email address provided is cn@fxdd.com.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Related broker

Unverified
FXDD
Company name:FXDD GLOBAL
Score
2.42
Website:https://www.fxddtrading.com/bm/en
5-10 years | Suspicious Regulatory License | MT5 Full License | Suspicious Overrun
Score
2.42

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