FXDD Review 2024 - Is Legit or Scam | Forexing.com (2024)

Description General Information Trading Preference Payment Options Trading Features Trading Instruments Promotion Support Contact Information User Feedback

FXDD General Information

๐Ÿ‘ค Broker Name : FXDD
๐Ÿฃ Company Name : FXDD Bermuda Limited
๐Ÿ“… Foundation Year : 2002
โœ… Regulated by : MFSA
๐Ÿข Headquarters : Malta
๐Ÿ“‰ Broker Type : No Dealing Desk

๐Ÿ’ต FXDD Minimum Deposit :

0 USD
๐Ÿ’น Maximum Leverage : 1:400
๐Ÿ’ฑ Base Currency : USD
๐Ÿ‡บ๐Ÿ‡ธ US Traders :

Our FXDD Review

FXDD is not like the other traditional broker. It is an established financial services company in Malta.

The multi asset brokerage firm was established in 2002. It is an ECN based broker that offers zero commission and low spreads. They are operating for 19 years and at present serving over three thousand fifty accounts with 7.3 trillion transacted volume.

This broker past year has grown to provide FX, Copy trading, and more.

FXDD Review 2024 - Is Legit or Scam | Forexing.com (1)

FXDD Trust and regulation

FXDD is a regulated broker. They maintain 2 single authorization and one group authorization.

The FXDD is founded, owned, and operated by the Triton Capital Markets Ltd. The parent company is regulated by the MFSA (Malta Financial Services Authority) under MFSA IS/48817 registration. The registered office is located at Notabile Road, Attard, Bkr3000, Malta.

EU- as the EU Exit Passport regulation Triton Capital Markets Ltd. is a TP firm under Part 3. It is regulated by the FCA (Financial Conduct Authority). They are regulated here without top-up permission.

And FXDD Mauritius Ltd (Mauritius, Africa based) is licensed and authorized by the FCA, Mauritius (Financial Services Commission). The registered license No. is C117017252.

So, overall, FXDD has trustworthy regulation and maintains reliable trading features & environment.

Account types

FXDD offers 2 types of pricing, standard and ECN pricing. Standard pricing offers commission free and low standard spread. Overall, it is suitable for self-directed traders. This pricing provides a guaranty of 0 slippages on entry orders and Fill-or-kill execution.

The ECN pricing offers raw, direct spreads, a small commission, and markup free trading. It has the fastest execution and a 99% fill rate.

FXDD offers 2 jurisdictions account, FXDD Malta EU Regulated entity (MFSA) and FXDD Mauritus regulated by the FSC-Mauritius.

Tough offers uncompetitive accounts but FSC related account provides the better trading opportunity, features, and trading environments. Here are the highlights of both accounts.

FXDD Malta

  • IB/MM-CPA program
  • Multi asset trading
  • Institutional/POP

FXDD Mauritus

  • IB/MM Program
  • Bonuses
  • EA Trading
  • Affiliate program

Common things, both accounts work as the Electronic Communications Network and offer Fix API, VPS, White Label, Demo account, Islamic account, Individual account, and corporate account.

Demo account

You can check their service via demo trading. The demo account Is available for both MT4 & MT5 platform. They provide $3000 virtual funds for 90 days of trading. If anyone need more time, the user can get additional time from client support.

Trading leverages

The minimum leverage is 1:2, and the maximum is 1:30 with ESMA regulations.

  • Stocks โ€“ 1:5
  • Forex โ€“ 1:30
  • Indices โ€“ 1:20
  • Commodities โ€“ 1:20

Trading platforms you will get

FXDD offers established and updated trading platforms. Users can choose web trader, MT4, and MT5 platforms for trading.

Traders like both platforms, and these are the worldโ€™s famous trading platforms. Both are available to download for IOS, Mac, PC, and Android. Also, the web trader platform is easy to use from any device and web browser.

Both platforms will give you the best trading experience. Get a highlight of both platforms to choose one.

MT4 / MetaTrader4

  • You can trade stock commodities, forex, and indices.
  • The maximum leverage is 1:300.
  • Complete benefits of the Expert Advisors (EAโ€™s).
  • This platform offers underlying assets, automated trading, robust tools, and charting.

MT5 / MetaTrader5

It is an advanced graphical tool that an updated version of the previous one. MT5 is multi asset trading platform.

  • Better trading tools and charting.
  • Built in marketplace and more order types.
  • Economic events directly on the chars.

Trading Asset list โ€“ what can you trade?

FXDD offers a comprehensive range of trading assets. You can trade over 67 currency pairs that have an interconnection with micro-financial or economic events and geopolitical.

Completing the limited asset selection are 7 metals, 4 cryptocurrencies, 12 index CFDs, 20 stocks, 21 equity CFDs, and 13 indices. Overall, they offer all trading assets in 5 categories.

Research and education FXDD provide

FXDD offers a range of market analysis and research, including trading central. They provide daily market moving key factors by thematic research and insights. Their lead research strategist Aahan Menon provides cutting-edge market research daily basis. Traders also need market analysis, not only research data; this why FXDD provides daily analysis.

Trading central offers market news, technical insight, analyst view, market research, and more. It is one of the top 3rd party data and research providers.

Trading central cover below things:

  • Daily Fundamental analysis
  • Daily market news update
  • Technical analysis
  • Sentiment and Economic analysis
  • 24 Hour Global coverage on major 4 languages
  • Human and Algorithms
  • Daily webcast analysis for current financial markets

Also, FXDD has an economic calendar, multi trader 1-minute data, pricing / swap rate, and glossary.

Deposit and Withdrawal Methods

FXDD doesnโ€™t support much more payment methods like other brokers. But it supports all common payment methods that cover user needs.

They support credit or debit cards and bank wire transactions, and some e-wallet. The payment methods are available SafeCharge, Neteller, UnionPay, Skrill, Wire Bank transfers, ClickandBuy, and Credit / Debit Cards.

The minimum deposit and withdrawal are $100, and it takes up to 24-48 hours for a complete transaction. The broker offers a free withdrawal every calendar month. But it charges $40 for any additional withdraw.

Client support: helpful or not

FXDD provides reliable client support. The website is available in multiple languages, including Arabic, Vietnamese, English, Portuguese, Italiano, Chinese, and Espanol.

They offer 24/5, Sunday 5 PM to Friday 4:55 PM EST. The support is available through the website contact form, phone, live chat support, call back option, email, and fax.

You can contact them:

Phone:

  • (+356) 2013 3933 โ€“ Support
  • (+356) 2013 3939 โ€“ Trading

Email:

  • [emailprotected]
  • [emailprotected]
  • [emailprotected] (Trading Inquiries)

Company Address: K2, First Floor, Forni Complex Valletta Waterfront Floriana FRN 1913 Malta.

Trading Preference

๐Ÿ’ฐ Minimum Spreads :
๐ŸŽฎ Demo Account :
๐Ÿ“’ Mini Account :
๐Ÿ“’ Standard Account :
โœจ VIP Account :
๐Ÿ“’ Premium Account :
๐Ÿ“’ Segregated Account :
โ˜ช๏ธ Islamic Account :
๐Ÿ“’ Managed Account :
๐Ÿ“’ Pamm Account :
๐Ÿ“’ Affiliate Account :

Payment Options

๐Ÿ’ณ Deposit Methods : Credit Card, Neteller, Skrill, Wire Transfer
๐Ÿ’ณ Withdrawal Methods : Credit Card, Neteller, Skrill, Wire Transfer

Trading Features

๐Ÿ“Š Trading Platforms : Currenex, MetaTrader 4, MetaTrader 5
๐Ÿ’ฐ Fixed Spreads :
๐Ÿ“ˆ Commission on Trades :
๐Ÿ“ˆ Hedging :
๐Ÿ“ˆ Scalping :
๐Ÿ“ˆ Automatic Trading :
๐Ÿ“ฑ Mobile Trading :
๐Ÿ’ป Web Trading :
๐Ÿšฅ Signals :
๐Ÿ“ช VPS Services :
๐Ÿ“ง Email Alert :

Trading Instruments

๐Ÿ“Š Forex/Currencies :
๐Ÿ“Š Commodities :
๐Ÿ“Š CFDs :
๐Ÿ“Š Indices :
๐Ÿ“Š ETFs :
๐Ÿ“Š Stocks :
๐Ÿ“Š Crypto Currency :

Promotion

๐ŸŽ No Deposit Bonus :
๐ŸŽ Deposit Bonus :
๐Ÿ† Contest :
๐Ÿš€ Other's Promotion :

Get Latest FXDD Promotion

Support

๐Ÿ‘ฅ 24-Hours Support :
๐Ÿ‘ฅ Support During Weekends :
๐ŸŒ Web Form :
๐Ÿ’ฌ Live Chat :
๐Ÿค™ Call-Back :
โœ”๏ธ Support Language : Arabic, Chinese, Czech, English, Italian, Japanese, Portuguese, Russian, Spanish, Vietnamese

Contact Information

๐ŸŒ Website : www.fxdd.com
๐Ÿ“ง E-mail : [emailprotected]
โ˜Ž๏ธ Telephone : +356 2013-3933
๐Ÿ“  Fax : N/A
๐Ÿ“ฎ Address : FXDD Malta Ltd. K2, First Floor, Forni Complex, Valletta Waterfront Floriana, FRN 1913 Malta

User Feedback

FXDD Review 2024 - Is Legit or Scam | Forexing.com (2024)

FAQs

Is FXDD legit? โ€บ

FXDD stands out as a reliable broker with over 20 years in the financial industry, regulated by multiple jurisdictions including FSC and MFSA. It offers a diverse range of trading assets like CFDs, cryptocurrencies, forex, stocks, and more.

Where is FXDD located? โ€บ

FXDD is a CFD & forex broker based out of Malta for its European clients, and in Mauritius for its global clients. The broker is regulated in both jurisdictions where it is present, namely by the Malta Financial Services Authority (MFSA) and the Mauritius Financial Services Commission (FSC).

How do I know if my forex company is legit? โ€บ

How Do I Know If a Forex Broker Is Legit? You can ask the broker for their Retail Foreign Exchange Dealer (RFED) number. 10 You can also check with the National Futures Association or the Commodity Futures Trading Commission.

How do I find a legit forex trader? โ€บ

You can check the broker's testimonials and reviews to determine if their services are reputable or not. You may also want to check if their reviews are honest or not. In addition to this, it's also wise that you check if the broker you've chosen is regulated or not.

How do I know if a stock broker is legit? โ€บ

Visit FINRA BrokerCheck or call FINRA at (800) 289-9999. Or, visit the SEC's Investment Adviser Public Disclosure (IAPD) website. Also, contact your state securities regulator. Check SEC Action Lookup tool for formal actions that the SEC has brought against individuals.

What is the maximum leverage for FXDD? โ€บ

FXDD Main Features
โ˜‘๏ธ RegulationsFSCM (Mauritius), MFSA (Malta)
๐Ÿ’ต Min Deposit$200
๐Ÿ’น Max Leverage1:500 (FSCM), 1:30 (MFSA)
๐Ÿ–ฅ Trading Desk TypeNo dealing desk
๐Ÿ“Š Trading PlatformsMT5, MT4, WebTrader
7 more rows
Jun 9, 2024

Who is the owner of FXDD? โ€บ

According to the email, FXDD's founder, Emil Assentato, has transferred ownership of FXDD Trading SAC to a new entity, 888 Markets Group (Co. 13397886). This group, described as a consortium of UK-based companies, aims to uphold and continue FXDD's legacy of success.

How many employees does FXDD have? โ€บ

124 people are employed at FXDD.

Is TMGM regulated? โ€บ

TMGM is regulated by three reputable financial jurisdictions. Australian Securities and Investment Commission (ASIC), Vanuatu Financial Services Commission (VFSC) and The Financial Services Commission, Mauritius (FSC).

Can I get my money back if I got scammed from Bitcoin? โ€บ

Did you pay with cryptocurrency? Cryptocurrency payments typically are not reversible. Once you pay with cryptocurrency, you can only get your money back if the person you paid sends it back. But contact the company you used to send the money and tell them it was a fraudulent transaction.

What are the most trusted forex brokers? โ€บ

Exness, XM, JustMarkets, XTB, Pepperstone, AvaTrade, FxPro, Oanda, Swissquote, and HFM are among the top Forex brokers in the industry, offering a diverse range of trading platforms, tools, and services to cater to the varying needs of traders.

Does Forex really pay? โ€บ

And due to leverage and the volatility of the market, forex trading can offer the potential for high returns. It's important to maintain realistic expectations. Getting rich quickly through forex trading is highly unlikely and often portrayed unrealistically in social media.

How to spot a fake trading platform? โ€บ

Besides trolling for victims on social media or messaging apps, here are 10 other telltale signs an online trading platform is a fraud:
  1. It isn't registered to trade forex, futures, or options.
  2. Trades crypto, but not registered as a money service business.
  3. No physical address, it's clearly fake, or offshore.

Which is the safest forex broker? โ€บ

Best Forex Brokers
Best Overall, Best for Range of OfferingsCMC Markets
Best Forex Broker for Advanced TradersSaxo Capital Markets
Best Forex Broker for Low CostsXTB Online Trading
Best Forex Broker for U.S. TradersIG
Best Forex Broker for Trading ExperiencePepperstone
1 more row

Is Forex com real or fake? โ€บ

FOREX.com is registered with multiple regulatory bodies around the world and we take our commitment to financial strength and security very seriously. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826).

Is TMGM safe to use? โ€บ

TMGM is a legit brokerage. It is regulated by several financial authorities, including the top-tier ASIC. On the negative side, there is no investor protection, although TMGM does provide AUD 2.5 million single insurance coverage.

Is FX trade real? โ€บ

Forex trading, or foreign exchange trading, is the buying and selling of currencies in the global market. It can be a legitimate and profitable form of investment, but unfortunately, it is also a popular target for scams.

Is forex copy trading legit? โ€บ

Copying the positions of those who know how to read signals can be profitable for other traders. Copy trading is not entirely risk-free despite its benefit which is a truth no one will tell you going into it. If you must put your money into activities like this, make sure you only put what you can afford to lose.

Is trader sync legit? โ€บ

Many reviews mention that Tradersync has a clean, intuitive interface that makes the platform easy to navigate. Users like that important features are easily accessible without clutter. The workflows are designed keeping in mind how active traders operate.

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