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FXDD: A Comprehensive Overview
Founded in Malta in 2002, FXDD is a European brokerage company offering diverse investment opportunities to retail, corporate, and institutional traders across the globe. This article delves into various aspects of FXDD, from its regulatory status to trading accounts and payment methods.
FXDD: A Regulated Broker
FXDD is headquartered in Malta, operating under the regulatory oversight of the Malta Financial Services Authority (MFSA). This European presence allows FXDD to provide its services in accordance with MiFID (Markets in Financial Instruments Directive) standards. Additionally, FXDD has a legal entity registered in Mauritius (FSC), despite its offshore location, the European license bolsters its reputation as a reliable broker.
Client Asset Protection
The security of clients’ assets is a paramount concern for FXDD, and it adheres to strict regulations set forth by European regulators. These protective measures include:
- Segregated Accounts: FXDD ensures that client funds are kept separate from the company’s operational funds, safeguarding clients’ investments.
- Participation in Compensation Funds: In the unlikely event of the broker’s insolvency, clients are eligible for compensation through these funds.
- Protection from Negative Balance: FXDD’s risk management system shields traders from incurring losses exceeding their initial investment.
Leverage Levels
Leverage can amplify both gains and losses in trading, and FXDD offers various leverage levels depending on the trading instrument:
- Major Forex currency pairs: Up to 1:30.
- Minor pairs and indices: Up to 1:20.
- Commodities: Up to 1:10.
- Stocks: Up to 1:5.
For professional traders, there’s an option to access leverage up to 1:100, but this requires meeting specific criteria.
Trading Accounts at FXDD
FXDD offers two types of trading accounts based on the pricing model: Standard and ECN. Both account types are available on the popular MT4 and MT5 trading platforms.
- Standard Account: This account type provides traders with low spreads without any commissions.
- ECN Account: Traders opting for the ECN account enjoy direct, unprocessed spreads but are subject to a commission per trade, typically ranging from $0.0299 to $0.0499 per 1000 units, depending on the trading instrument.
FXDD Trading Platforms
FXDD provides traders with a range of trading platforms to suit their preferences and experience levels:
- MT4 and MT5: These globally renowned platforms are available for both Standard and ECN accounts.
- FXDD WebTrader: A proprietary web-based trading software that offers easy access from anywhere, catering to experienced traders on ECN accounts.
Payment Methods
Depositing and withdrawing funds with FXDD is convenient, and the broker supports multiple payment methods, including:
- Credit and debit cards
- UnionPay
- Neteller
- Skrill
The good news for traders is that FXDD does not impose additional fees for deposits or withdrawals.
Minimum Deposit
To open an account with FXDD, you’ll need a minimum deposit of $100, regardless of whether you choose the Standard or ECN account type.
In Conclusion
FXDD is a reputable European brokerage company with a strong track record of providing investment opportunities across global markets. However, it’s essential for traders to conduct thorough research and consider their specific needs before choosing a brokerage. You can also consult reviews of FXDD and refer to our rating of forex brokers to make an informed decision.
General Information about FXDD
- Broker Name: FXDD
- Year of Foundation: 2002
- Headquarters: Malta
- Regulation: MFSA (Malta Financial Services Authority), FSC (Financial Services Commission Mauritius)
- Trading Platforms: MT4, MT5, FXDD WebTrader
- EURUSD Spread: 1.9 points
- Demo Account: Available
- Minimum Deposit: $100
- Base Currencies: EUR, USD
- Maximum Leverage: 1:100
- Assets: Currency pairs, indices, commodities, stocks
- Deposit Replenishment: Bank Transfer, Visa/MasterCard, Skrill, Neteller, UnionPay
- Withdrawal Fee: Not specified
- Payment for Inactivity: Available
- Islamic Accounts: Available
- Segregated Accounts: Provided
- PAMM Accounts: Not available
- Partner Account: Available
- Scalping: Not specified
- Automatic Trading: Supported
- Mobile Trading: Supported
- Web Terminal: Available
- Social Trading: Supported
- Signals: Provided
- VPS: Available
- Deposit Bonuses: Not specified
- Contests: Not specified
- Support: 24/5
