FXDD is it a scam? Reviews about forex broker
The Forex broker FXDD analysis consists of a broad array of practical services (economic event calendar, narrow-focused calculators, etc.), latest news and market reviews. Unfortunately, all analytical information and the above services are also offered in English language only.Pay attention to the FXDD review. Educational content for beginner traders is not available, but FXDD offers five trading guides covering currency pairs.
Customer support is available 24 hours a day from Sunday 5PM to Friday 4PM. And there are a couple of numbers to ring. They are kind enough to mention that some calls could be routed through their New York offices, so it doesn’t come as a surprise when you speak with someone who has an American accent. There are two email addresses, one for sales and one for support. And they have also been kind enough to give a postal address should you feel the need to put pen to paper. Before you choose to trade with FXDD, it’s important to understand their pricing structure.
ECN pricing – Spreads can be as low as 0.1 for EUR/USD, 0.5 for GBP/USD, 0.2 for USD? There are no markups and commissions are small at $2.99 per standard lot, per side. Standard pricing – Spreads can be as low as 1.5 for EUR/USD, 2.5 for GBP? Spreads do vary across other currency pairs, but they are all clearly laid out in FXDDs website. The proprietary trading platform that is equipped with customizable, latest high-tech tools. Below you can see some of the standard FXDD spreads for popular instruments, as well as compare them with the spreads of another popular RoboForex broker.
FBSis an award-winning, international broker with a global presence in over 150 countries across the world. TheFBSglobal branch is run by FBS Markets Inc and regulated by the International Financial Services Commission of Belize . They deducted from the amount 40 dollars without any reason even though the cost of transferring usdt is only 3.5 USD. I’m waiting to get all my money from them and will never ever think about trading with them again. FXDD is an online multi-asset broker operating out of Malta.
They won’t allow me to withdraw even when it was clearly stated on their website that withdrawal only take 48 hrs. I searched the internet for victims of binary options and how they have managed to recover their money. Fortunately I came across a recovery expert Mr Eddie Wilfred, after reading positive reviews about him online. Fast forward to two weeks later he was able to helped me get my funds back.
FXDD promises competitive spreads
Customer service was pretty good, except when it comes to admit that they closed my trades. All in all, we were very impressed with FXDD, and found their website very informative and easy to navigate. There were no nasty surprises when it came to trading, and we couldn’t find any reason not to sign up for a real money account. Unfortunately, there are no FXDD bonuses or promotions available. It, however, should not be a good enough reason not to join the FXDD trade and accept their services.
FXDD Mobile follows in the footsteps of its web-based counterpart. It is a rare mobile alternative that allows for the creation of automated trading solutions on the go, making it one of the most advanced mobile trading apps industry-wide. FXDD maintains a limited asset selection, and cryptocurrencies are notably absent.
I believe a lot of people are also in my shoes that’s why i want to recommend him and his recovery strategy. FXDD offers two types of accounts for traders, namely Standard accounts and ECN spread accounts. The minimum deposit for a standard account is $100, quite reasonable for most regular traders to get started. The Forex broker FXDD offers high-quality educational materials.
FXDD Trading Platforms
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It should be noted that the activity of the company is regulated by the Malta Financial Services Authority . This is rather a reliable and credible regulatory body, which rules and standards fully comply with the provisions of the EU Markets in Financial Instruments Directive . The company FXDD strives to offer the most effective solutions and applies breaking-through technologies in arranging the trading process on the Forex market.
FXDD has been considered to be one of the biggest Forex brokers among the entire industry these days. Moreover – its strong reputation as a financial dealer has put the website among the first positions in the charts for top financial services providers. The broker was established back in 2003 year in New York, so you are right if you guess that this website accepts US-based traders, too. The broker is an ECN type and it can boast with amazing regulation program that will keep your money and personal data at a really safe place. FXDD offers the MetaTrader, MTXtreme, MT Mobile, Mirror Trader, and Swordfish top forex trading platforms. FXDD.com offers over 30 currency pairs, gold, silver, and oil for your personal investment and trading options.
I like that the FXDD proprietary trading platform supports algorithmic trading. Regrettably, FXDD does not allow algorithmic trading from its Maltese-regulated brokerage. fxdd review The customer support always remains on hand and put their experience to work with their clients closely, which is definitely a great advance for you as a trader.
What is the minimum deposit for FXDD?
What is the minimum deposit for FXDD? The minimum deposit amount required to open a broker account with FXDD is £1/$1.
Mirror Trader (Tradency.com is same company) service that is promoted on FXDD is questionable. I deposited 3 times over 2 years, trying different approaches to make use of the 300+ EAs in their system. Demo account is good until you put your money in their account. Real trades donot follow the description of EA & I had problem accessing the account during market active period.
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And trading with the ECN account you will get direct raw spreads with no markup, with just a commission cost per trade. The commission is typically 0.0299$ per 1,000 traded for major currencies, while other instruments are charged a bit higher – 0.0499$. FXDD say on their site they want to help traders make better trading decisions, and after taking a look at the educational material, we weren’t disappointed. There is plenty of reading material targeting all different levels.
- It was said before that the participation in the event was over.
- It means that it has a broad range of possibilities for the clients who use platforms other than MetaTrader 4, which is a significant advantage for many of those who are interested in FXDD´s services.
- Therefore, it engages and includes more than several million traders from all over the world, who are willing to earn some money on a side.
- The platform is suitable for experienced traders who trade on ECN accounts.
- Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers.
FXDDis a financial services provider with over 20 years of experience in the industry. Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the initial deposit of the trader. Traders need to ensure that they understand their risk exposure and determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital. FX Dealer Direct is a revolutionary provider of forex trading technologies for individuals and institutional traders. As the majority of Forex brokers, FXCC also offers to use leverage, a powerful tool to increase the potential of gains through its possibility to multiple initial accounts balance. However, leverage should be used smartly as it increases the power of losses as well.
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All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Also, always consider rollover or overnight fee as a cost, it is charged on the positions held longer than a day and defined by each instrument separately. Some of the examples you may also see above and check the most recent updated through FXDD platform. They only say that the money is sent, and do not provide evidence.
You can contact an FXDD representative by phone 24-hours a day from Sunday 5 PM to Friday 4 PM EST, and the support team will also reply to your e-mail as quick as possible. The company cares about their clients which many customer reviews confirm. Both of these accounts can be set up as individual, joint or corporate accounts. What is important for these accounts is that there is no particular initial minimum deposit required, and the spreads are the same for both account types. However, the Standard account is more appropriate for people who are going to operate with larger amounts of money. Besides, Demo account is also available for all those who are eager to learn about the market, and it is open for 90 days since the registration.
Where is FXDD located?
Where is FXDD 's headquarters? FXDD is located in Valletta, NA – Malta, Malta . Who are FXDD 's competitors? Alternatives and possible competitors to FXDD may include The Forex Club Group , Paylib , and UFX.com .
74-89% of retail investor accounts lose money when trading CFDs. You should ensure you are aware of the risks involved in trading and if you can afford to take the high risk of losing your money. FXDD is a financial services provider with over 20 years of experience in the industry. FXDD offers Great pricing, swift execution, and the freedom to trade any strategy. In addition, the company offers to enhance the MT4 with VPS service that protects the platform from trailing stops, brings efficiency to run multiple strategies non-stop with lowered latency. The service provided for free to those who maintain a minimum deposit of 2,500$ and trades at least 5 standard lots per month, otherwise, you will be charged a fee of 30$, 40$ or 85$ .