The financial market trading with online brokers has been an attraction for many. Traders prefer investing through brokers to have comfortable trading and make the best of their funds. To invest the hard-earned capital, traders first research, do market analysis, decide instruments and go for the broker that has properly regulated trading.
The authority and rules that make the operation of a broker are a necessity to be checked for a trader as they define the reputation and regulation of the broker to have trusted trading. With several brokers in the market, traders have to select one that will suit all their needs and help them achieve their goals.
FXDD broker is a reputed market broker with many services, trading accounts, tools, platforms, etc., that make it the best among the financial markets. The article discusses the broker and its functioning in-depth for a better understanding of the broker and its working. So, let’s drive-in for good market insight.
Pros and Cons
The Broker is well known among the masses due to its reach and satisfactory services. But to get an overview of the FXDD here, we have mentioned the pros and cons that make it best and, in some respects, a real financial broker. The broker shares many advantages as it has services that help traders in a successful trade journey.
Pros:
- Regulated
- Trading platforms
- Latest news
- Global markets access
- Various account types
- Research and analysis
- Customer support
- Easy deposit and withdrawal
- Segregation of funds
- Low transaction pricing
- Swift trade execution
- Trading strategies
- Indicators
- Analysis tools
Cons:
- High spreads on a standard account
- No micro accounts
Is FXDD A Scam Broker? Regulation
The FXDD was founded in 2002 and since then has maintained its market position. The broker has evolved over time and provided the best services to the clients for secure and smooth trade. It has made a wealth of knowledge with a great team that works efficiently to bring out the best.
The broker has been working under the brand name of Triton Capital Markets Ltd., with a 3 category license of investment. The license is issued by the Malta Financial Services Authority (MFSA) IS/48817. Moreover, it has a group license of FXDD Mauritius Ltd., which is regulated by the Financial Services Commission and has license C117017252.
The working and operations of the broker make it a legit broker and not a scam. So, traders can freely invest with the broker and make a successful trade journey.
What Trading Account Types Does FXDD Provide?
The FXDD broker offers the clients basic accounts for trading. Traders can use the Standard account or the ECN account for trading. Both the accounts are designed to cater to the needs of the clients; however, traders have to know which account will be suitable for them.
Below, both the accounts are discussed in detail and have their features listed for an idea of the account and its works.
Standard Account
The basic account is specifically for beginners of the trade market. They can use the account as it has low spreads, zero trade commission, and helps the self-directed traders in getting the best results. In the standard pricing of the account, traders have MetaTrader and web trader platforms. Below are the features that traders can enjoy with the brokerage account of FXDD:
- Commission-free trading
- Low spreads
- High standard execution and services
- Guaranteed zero slippage on entry orders
- Fill or kill execution with no partial fills
- Provides price improvements on limit orders
- MetaTrader4 and 5
- Webtrader
ECN Account
The ECN account is for traders with some market knowledge or is experienced in trading. They can access the account and have the best use of its services. The account has raw, direct spreads, no markup, and a small commission on the trade. In addition, it has other advanced services listed below:
- Price improvements available on limit orders
- No partial fills
- Low trade commission per trade
- No markup
- Raw spreads
- ECN style pricing
- High-speed execution
- High fill rate over 99%
How to Open A Trading Account With FXDD?
When traders want to start trading with the broker, they have to go through the process of opening the trading account. FXDD brokers have the option of individual, corporate, and demo accounts. Traders, after getting through the whole process, decide the account and begin investing.
Moreover, traders have to choose the regulated entity that best suits them; FXDD Malta and FXDD Mauritius. To open an account, a trader can follow the given process:
- The first step is to click on the start trading tab and choose from the individual, corporate, and demo account. Then traders have a new window on the screen that has a form to be filled.
- The application has a first name, last name, country residence, phone number, email address, confirm the email address, deposit currency, trading platform, questions related to leverage, CFDs, risks associated, questions on stop loss, trading terms like spreads, equity. Margin etc. After the form is filled out, traders can move ahead and provide any other information if required.
- Traders then get an email on the registered email id regarding the selection of the trading platform; traders can choose one that they find useful.
- In a demo account, traders can directly trade after this step; however, with the other account option, traders have to upload documents if required and then deposit funds in the account to begin the trade.
- The process is not that long, but brokers may sometimes take time to verify the trader and provide them access to the platforms.
FXDD Broker Trading Platform
FXDD broker is an advanced broker with the latest trading platforms. The broker offers its clients MetaTrader4, MetaTrader5, and Webtrader trading platforms. All the trading platforms are best and are suitable for successful market trade. Here, we have discussed the three trading platforms in detail with their features to understand what makes them different in the financial market.
MetaTrader4 (MT4)
MetaTrader4 platform is the most dominating trading platform of the financial market. Investors prefer it due to its flexibility, easy use, and advanced features, making it easy to trade and predict markets globally. The software was introduced in 2005 by MetaQuotes company for the forex market.
The platform is used by automated and manual traders alike and has the technology which supports all the devices. The MetaTrader4 has the following features making it the best:
- User-friendly trading
- Expert advisors
- Automated trading
- Charts and patterns
- Multiple windows
- Customer service
- Used on all devices
- Easy downloading
- Timeframes
- Indicators
- Real-time trade
MetaTrader5 (MT5)
MetaTrader5 was introduced after MT4 in 2010 and worked as a more advanced trading platform. It is not an extension of the MT4 but has features absent from the MetaTrader4. The trading platform has the following features:
- Advanced Charting tools
- Compelling trading strategies
- Range of pending orders
- Multi-asset platform
- Easily downloadable
- More pending orders than MT4
- Economic events
- Built-in marketplace
- Upgraded strategy tester
- Works with MT5 Mobile
- Indicators
- Time frames
- Real-time trade
- Expert advisor
- Automated trading
Webtrader
Webtrader is the proprietary trading platform of FXDD broker; it is a browser that works as a web-based interface for easy market access. The traders with less or more experience can use it easily and make better trades as it is available anytime and anywhere.
There are the following services with the trading platform:
- Robust charting
- ‘Available with ECN pricing
- Trades all the instruments
- Expert advisors
- Supports all devices
- One-click trade
- Position based system
- Accessible
FXDD Trading Instruments?
The markets and their instruments that are available with the FXDD broker are given below:
- Forex
- Metals
- Indices
- Stocks
- Energies
- Asset list
FXDD Commission and Spreads?
The trading has been a risky business as investors are afraid of volatility but also the extra costs of the trade. But, with FXDD, traders do not have to worry as the trading is commission-free mostly and has a low commission per trade with the ECN account. In addition, the transaction costs are also low.
Spreads are the charges of the bid and ask price gap and traders have to pay that for trading instruments. There is various spread for the instruments traded with FXDD brokers like:
- USD/JPY: 0.4 pip
- OIL/USD: 8.0 pip
- XAU/USD: 24.0 pip
FXDD Leverage
The loan offered by the brokers in financial terms is called leverage. Traders can use the leverage ratio as per their requirements and have a high market position. Although leverage has a high risk associated with it so traders should use it carefully.
FXDD broker traders have two leverage ratios, one for retail traders (1:30) and another for professional traders (1:200). Traders can use it as per their requirements and make confident trades.
FXDD Deposit and Withdrawal Method
Deposit and withdrawal of funds with the online brokers are easiest. Traders can deposit and even withdraw their funds anytime they want. For this, traders can use various payment methods like bank wire transfers, e-wallets, and credit/debit cards. The deposit of funds is direct, but the withdrawal may include a small process where the trader has to inform the broker in advance.
After that, the broker verifies and within one or two business days allots the withdrawal amount. There may be some withdrawal fees depending on the method used. For deposit and withdrawal, traders can use the following:
- VISA
- Neteller
- Union Pay
- Mastercard
- Bank wire transfer
Education and Research Support
For education and research of the trading market, traders can use the services of the FXDD broker. This will help traders be updated and know the market more closely. Thus, enhancing trade knowledge and making informed decisions. For the education of traders, the FXDD broker has limited facilities:
- FAQ’s
- What are moving markets?
- Articles
Research of the market is also significant for the trade, and with FXDD broker, traders have the following:
- Daily market analysis
- On the daily
- Trading central
- Market data
- History of trade
FXDD Customer Support
The broker keeps its clients above everything else, and for this, they have a professional team to be connected with the traders. They guide the traders on how to use the platforms, account, tools, etc., for better trading. Here is how traders can contact the team:
- 24 hours availability from Sunday to Friday
- Timings: 5 PM to 4:55 PM EST
- Contact number: +356 2013-3933
- Email address: [email protected]
- Contact form
Final Verdict
FXDD broker is the best market financial service provider; it has advanced services, tools, platforms that make it a good trading choice. In addition, it has been in the market for a long time since 2002, which is more than other online brokers nowadays. The broker has the experience and knows the trade properly for better services and trading support.
However, the broker does not have good options in respect of the brokerage account. The standard and ECN account are not sufficient for the trade online. So, traders can, therefore, consider this aspect and check with the instruments before investing their money.
Our recommended brokers are Investby, Primefin and ABinvesting.
FAQ’s
How many markets does the broker have for trading instruments?
The FXDD broker has six markets to invest their funds:
- Forex
- Metals
- Indices
- Stocks
- Energies
- Asset list
How to connect with the customer support team?
The customer support team of FXDD brokers is professional and has been helping out the traders for a long time now. Trades can connect with them using the following:
- 24 hours availability from Sunday to Friday
- Timings: 5 PM to 4:55 PM EST
- Contact number: +356 2013-3933
- Email address: [email protected]
- Contact form
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