Abstract:Pay Attention Traders and Investors!! In this FXDD broker review, we will help you determine whether – Is FXDD a Good Broker or a Scam? Let’s findout
Pay Attention Traders and Investors!! In this FXDD broker review, we will help you determine whether – Is FXDD a Good Broker or a Scam? Lets findout
FXDD holds licenses from several lower-tier regulatory bodies, including:
• FSC Mauritius (Financial Services Commission)
• LFSA (Labuan Financial Services Authority)
• SBS (Superintendencia de Banca, Seguros y AFP)
While these are legitimate regulators but they are not considered top-tier. For better security and investor protection, it is advisable to choose brokers regulated by well-known and strict authorities such as: SEBI (Securities and Exchange Board of India), FCA (Financial Conduct Authority, UK), CySEC (Cyprus Securities and Exchange Commission) and ASIC (Australian Securities and Investments Commission) etc. FXDD is not regulated by any of these top-tier authorities, which raises concerns about its credibility and the safety of your funds.
FXDD provides a free demo account across all of its trading platforms. This account is ideal for beginners or anyone looking to get comfortable with the FXDD trading interface. It allows users to practice trading in markets like forex using virtual funds. However, its important to note that while the demo account reflects live market conditions, there may be slight differences in pricing compared to a real trading account.
Read FXDD user reviews and decide — is FXDD a good broker for you or not?
1. Lost Enough Money – A user recently wrote she started trading on FXDD and lost enough money. When she decided to withdraw the rest of her money, around $10k, she learned from live chat that her account was handled by Arabian customer service, not in her language. She was not able to speak this language. The MT4 account of FXDD disappeared and showed unavailability.
2. MT4 of FXDD Not Working –A user accused that earlier FXDD was a good broker, but now payouts are blocked. Customer support is non-existent, and no one can seem to log into MT4.
3. Unable to Withdraw – Another problem many users are reporting against FXDD is being unable to withdraw funds for the past 6 months, with zero communication from the company. FXDD has completely ghosted everyone. Users are facing problems depositing and withdrawing money. You can read the whole story in the screenshots attached below.
4. Ghost Company, Could Not Withdraw Funds, Unresponsive Support –Real user marked all problems in his review. He said it has been more than a month since this company turned ghost. He can't reach any of the account managers not responsive at all. He couldn't withdraw any funds from his account.
5. Scam Broker & Bad Customer Support –Real user accused FXDD of being a scam broker and warned others to beware of this scam broker. He also said there were no responses from FXDD, and even their email support is not working.
6. Problem in Withdrawal – The company is delaying withdrawals and they do not respond to calls or emails. Please stay away from them. I cannot withdraw. Please be careful, they are very, very bad.
MetaTrader 4 (MT4) is one of the most popular platforms for trading forex and CFDs, known for its easy-to-use interface and powerful charting tools.
FXDD has supported MetaTrader from early on, starting with MT3 in 2003, and later offering both MT4 and MT5. These platforms have been improved with FXDDs own technology to ensure smooth trading and fast execution for its users.
FXDD is a forex broker that offers both MT4 and MT5 trading platforms. It also provides a demo account, which is useful for beginners to practice trading without risking real money. The broker claims to have over 20 years of experience in the forex market.
It's important to note that FXDD is not regulated by top-tier financial authorities like ASIC, FCA, or SEBI. Now you know the answer- is FXDD a good broker or not?
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