FXDD Broker Review

Minimum Spread :   From 0.70
Foundation Year :   2002
Min Deposit $ 100
Broker Trusted Point+2
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FXDD Broker Review

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FXDD Broker Review – Trading and Work Analysis: FXDD started its journey as a financial broker in the year of 2002. It is one of the parts of Nukkleus Inc (OTCPINK: NUKK), a US-based firm. The company began as a trailblazer offering to trade on the third-party platforms. The broker provides its services through Malta via EU passport.

However, it’s been around two decades, but the conglomerate has not stopped working in a specific way. Let’s discuss and find out about the modus-operandi and analyse the performance.

Types of Accounts offered on FXDD Broker

Traders with a registration on the website get two options; Standard and ECN. Here are the distinctions:

Standard Account

  • It offers commission-free trading.
  • The broker claims low spreads.
  • It guarantees zero slippage.
  • One can fill executions without partiality.
  • There are price improvement options.

ECN Account

  • There is a little charge required to pay per trade.
  • It has no partial fills.
  • Traders can improve pricing on a few limit orders.

Platforms on FXDD

It is offering three different kinds of platforms – WebTrader, Metatrader4 and MetaTrader5. They all are one of the best available in the industry. Investors can exercise customisation of assets, execute instruments swiftly, get indicators for best-performing stocks, commodities etc. The trading becomes more tranquil, as well as transactions get pacified.

Online Tools

Online Tools are helpful in better navigating financial market instruments and managing assets. Here are some calculators as well as other artilleries used:-

Trading Calculator

It calculates pips, margins, pivot points, profit, spread cost, Fibonacci, position size, etc. Traders will have to mention lot size, currency pair, stops loss and also many more parameters for an accurate result.

Trading Guides

There are several options to boost trades as well as escalate benefits. It has Cross Pairs Currency Guide, Currency pairs guide, Major Pairs Currency Guide, and Emerging Market Currency Pairs Currency Guide. Besides, the Commodity Pairs Currency Guide is also there for assisting.

Users can download the pdf and use it to their advantage when needed.

MetaTrader4 VPS Hosting

  • One can access the platform from any computer irrespective of the place.
  • It can help in trading foreign currency exchange on MAC.
  • The hosting also provides security to platforms and EAs.
  • It runs at a lower latency and several strategies at a time.

Different Types of Solutions

Broker Solution

Some of the matters it helps in are:-

  • The daily payouts get deposited directly in the account.
  • It has also an Upgraded strategy tester.
  • Built-in marketplace.
  • It helps in showcasing economic charts.

Regulation and offers in different nations

Malta

MFSA regulates it in the country

  • There are distinct bank accounts to keep funds for trading and otherwise.
  • It is compiled by MIFID/ESMA.

Some offerings

  • Multiple asset trading
  • White Label
  • IB/MM-CPA program
  • Islamic Accounts
  • Institutional/POP

FXDD Mauritius

– FSC regulates it in Mauritius

– It has several options for leverage.

– There are separate accounts for keeping funds.

Overall Offerings

– Multiple asset trading

– EA trading

– Affiliate marketing

– Bonuses

– Fix API

– Islamic Account

Deposits and Withdrawal on FXDD

– It does not accept any third party deposits.

– The company charges a $ 30 administrative charge if the account remains inactive for ninety days.

– Paper cheque deposits are not permitted.

– One can also withdraw funds at any moment of the day.

– For first withdrawal, there are zero charges per month, but if it exceeds, there Is $ 40 charge per redemption.

– The minimum amount for wire transfer is $ 100, anything less than that would be chargeable ($ 25).

– The brokerage firm does not accept any funds sent through email or other unauthorized ways.

– Visa, Mastercard, Neteller, Union Pay etc. are the mediums for making and receiving the payments.

Customer Contact

FXDD is offering an array of channels to connect with customer care. Traders can contact the executive through a live chat option. There is a landline number available for contacting. Further, there are email ids for writing all the queries and problems.

The company claims 24X7 service support. However, id toes the line of average when its contemporaries are offering social media channels like Whatsapp, Line, WeChat, Viber etc. These sectors need improvement.

Education

Apart from the glossary part, there are no major facilities. Hence, the host requires reforms and should add more educational material to assist traders.

Demo Account

It does a demo account for enthusiastic people looking to form a career in the field of financial trading.

Types of Instruments on FXDD Broker

The number of assets and instruments script the tale of a trading website. The company also provides foreign currency pairs (67), metals, energies, and stocks. Brent crude oil, Palladium, gold, copper, natural gas, Apple, Amazon etc. are the best offers traders have to earn money.

Conclusion – FXDD Broker Review

The firm is a veteran one in the market. However, it does not have the tools or instruments that can give a tough fight to other vendors. For that, the company needs to pay attention to upgrading its strategies, assets and instruments,

The brokerage company is also offering MetaTrader5, which is a major attraction for investors.

On the contrary, if it accompanies cryptocurrencies and inculcates more customer-friendly features, FXDD can rule the charts. The economic calendar is among its positives.

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