FXDD Review 2018

FXDD Review 2018

FXDD Review 2018

The forex market is a huge place. Millions of people are executing their trades all over the world every second of every day. Because of that, it is extremely important that those trades are done in secure environments. The role of brokerage companies is to secure such environments, and our role is to make sure they have managed to do so. Today, we will be taking a look at a company that has been around for quite some time – more than 15 years, to be exact. Our big FXDD review will reveal absolutely everything you can hope to find on this company’s website and show you what kind of trading conditions you can expect once you create your account here. Given that these guys have been going strong for so long, our expectations are quite high. Read on and see if they have been met.

A short overview

Let’s start with some general information. FXDD is a forex broker headquartered in the small country of Malta and a company that was launched way back in 2002. Given that they have so much experience, it is no wonder that their offer has grown so much and that it encompasses pretty much everything a trader could want. The company’s team is composed of dozens of market specialists who speak more than 10 different languages and, as seen in our FXDD Scam Test, the broker is fully regulated by two separate authorities and allowed to conduct its business in the whole EEA. On top of all that, there are several different platforms you can use, as well as numerous transaction methods. All of these features are just an introduction to our FXDD review, though, as we have only scratched the surface of what is offered here. Keep reading and prepare to be amazed.

FXDD About

FXDD About

FXDD account types

To start trading here, you will obviously need an account, so let’s take a look at the options you have when opening one. First and foremost, there’s the Individual FXDD account, which is meant for regular traders, no matter their skill level. There are no account tiers you need to worry about, i.e. you won’t have any of the features locked if you don’t invest enough. With this account type, all features are immediately available.
If you’d like to share your account with a friend, you can open a Joint FXDD account. This will require all persons involved to sign a Customer Agreement Form (found on the broker’s website as soon as you initiate the account creation process). Do keep in mind that a utility bill and an ID will be needed to open any of these two account types, so keep them ready.
Apart from these two options, there is also the possibility of opening a Corporate FXDD account. There are ten steps you need to complete in this case, all of which can be thoroughly examined on the broker’s website. Just click on the “Learn more” link next to any of the accounts on offer here and everything will be explained to you. That’s also where you find the necessary forms you’ll need to download and sign.
But even that’s still not all. There is also the possibility to open a PAMM or a Meta MAM account if you want to manage other people’s money or would like to found somebody to do that for you. Professionals will love this option because it allows trading on several accounts at once. Do keep in mind, however, that no matter which account type you open, an inactivity fee will be charged if you don’t conduct any trades in three months. After that, a 30$ penalty will be deducted from your balance. One more account type to go, but this one deserves a special part in our FXDD review.

FXDD Account Types

FXDD Account Types

FXDD demo account

All of the aforementioned account types fall into the category of live accounts. However, there is also something you can do if you want to check out the platform for free or simply practice your trading skills – you can open an FXDD demo account.   
This is done right on the main page of the website. At top is a big red button saying “Try a demo” on it. Click it, obviously, and you’ll be taken to the next screen where you will only have to fill out a short form. After that, a mail will be sent to your e-mail address with further instructions.
There are some things you need to be aware of, though. First, your FXDD demo account will only be active for 90 days, so make the most of it. Of course, this is plenty of time to test the trading environment thoroughly, but you should still be aware of the time limit. Second, you will have to download the platform, but the link for that will be provided in the first e-mail you receive from the broker. Also, you can only use this feature during the trading hours, so plan your time wisely. Apart from that, it’s worth knowing that you can use your FXDD demo account from your mobile device, but more on that later.
You may have noticed that we haven’t mentioned any of the trading platforms by name yet. Well, that’s because we want to analyse them separately in the next part of FXDD review. Stay tuned!

FXDD Demo Account Registration

FXDD Demo Account Registration

FXDD trading platforms

When it comes to FXDD trading platforms, you have several very interesting choices, all of them being of the highest quality. That’s why a separate part of this article has to be dedicated solely to their analysis.
We’ll start things off with a classic – MetaTrader 4 is a platform that needs no introduction. A standard in the forex trading industry, this excellent piece of software has been around for years and is still the most popular choice among traders. The reasons for that are quite numerous – huge selection of tools, simplicity of use and lightning speed all make MT4 the perfect choice.
Apart from that, another FXDD trading platform we can consider to be fairly standard in the industry is WebTrader. Its big advantage is that you don’t have to download anything, but numerous customizing options will certainly make a lot of people happy. The charts here are quite advanced, as are the tools, so you’ll be able to conduct all sorts of analyses whenever you want to. All you need is a web-browser and an internet connection.
The third FXDD trading platform is where things start to get interesting because this is something you don’t see that often in the forex industry. ZuluTrade allows you to choose from a variety of different trading strategies when placing your investments. Based on that, you can issue your own trading signals or even receive them from other traders. Naturally, you can also copy the most successful trader if you think that will improve your chances. A very interesting choice, no doubt about that, which brings a social component to the experience you get on this website.
These are just the platforms dedicated to your desktop computer. Mobile platforms are a whole different ball game, which is why this FXDD review will look at them on their own. Read on and prepare for an explosion of options.

FXDD MetaTrader 5

FXDD MetaTrader 5

FXDD apps

Don’t have enough time to sit around in front of your computer waiting for something to happen on the market? The solution is to download a trading app for your smartphone or tablet. But which one? Fortunately, FXDD offers loads of possibilities.
The first FXDD app we’ll take a look at is the one designed specifically with tablets in mind. This can immediately tell you how much thought was invested into it because brokers usually do not develop apps solely for these particular devices. The app is called JForex HD and can be found on the App Store. It comes with FX news and an economic calendar, as well as live charts. Reports can also be viewed, plus there are numerous tools you can use to perform technical analysis.
We’ll stay with the App Store a bit longer because there are several more FXDD apps you can get there, all for your iPhones. Obviously, you can get a mobile version of the MT4 platform there, but there are a couple of other options you might be interested in. The first one is called iSwordfish and is the broker’s own product. User experience comes first with this app because it was created after a close examination of traders’ feedback and wishes. It has a great interface, with loads of tools and historical data for your convenience. The other FXDD app for iOS is called iProTrader. This provides you with full control of your orders, since you can cancel them whenever you want. Thanks to a great interface, it will only take a second and you will also be able to utilize stop and limit orders.
If you’re not an iOS user, though, don’t worry – Android users can trade on their devices, too. Unfortunately, the options are not that numerous at the moment. The only Android FXDD app available is the MT4 Trader, but given its quality, you really should have no problems making your trades whenever and however you want. Like we said earlier, this is pretty much a standard in the industry.
But what can you trade here? And what kind of trading conditions can you expect? We’ll cover all of that in the next part of this FXDD review. Read on to learn all about the assets.

FXDD ZuluTrade

FXDD ZuluTrade

FXDD spreads & leverage

There really are many different ways you can approach the market here. Options, CFDs, forex and cryptocurrencies are the four main groups of assets you can choose from. There are approximately 80 different assets to choose from in total, so you really should be able to find something that interests you. When you realize that there are stocks of companies such as Facebook, Amazon or Netflix of offer here, you’ll see that you can easily find out everything about pretty much any asset you can invest in.
FXDD cryptocurrencies are something really worth exploring because you have four very popular coins here – Bitcoin, Litecoin, Ripple and Ethereum. You can invest in their pairs with fiat currencies, buy or sell in a flash, vary up the size of your contracts and much more. We should mention that the FXDD crypto leverage is 1:10, so you have a nice chance to invest larger sums if you want to. Since we’re on the subject, we will mention that the highest FXDD leverage you can get on this website is 1:100 for professionals (1:50 for non-pro traders), which is fairly standard.
Another important number we have to take into account when examining the offer here are the spreads. They are quite low, but will vary depending on whether you choose standard trading or the ECN version. Standard FXDD spreads are 1.5 for EUR/USD, 2 for AUD/USD and JPY/USD and 2.5 for GBP/USD. On the other hand, ECN FXDD spreads are much lower – 0.1 for EUR/USD, 0.5 for GBP/USD, 0.2 for USD/JPY and 0.7 for USD/AUD. As you can see, these are some pretty good deals.
However, before any trade can be opened, you will need to have some funds in your account, obviously. How can you make the transfer? That will be the next topic of our FXDD review, so stay tuned.

FXDD Spreads

FXDD Spreads

FXDD Deposit

So, how to make an FXDD deposit? Well, fairly easily and via many different methods. Obviously, you can use the more standard methods such as bank transfers and Visa or MasterCard credit cards, but things get quite interesting after that. Sure, Skrill and Neteller are fairly common these days in the industry, but the fact that you can use a Safecharge Cashier and Smart2Pay should arouse your interest. USD, EUR and JPY are accepted by all methods, but you can also use GBP if you opt for Neteller or the Cashier.
As for the numbers, they are one of the greatest advantages of trading here. You see, there is no minimum FXDD deposit requirement you need to worry about (although the broker does recommend that you start with at least 250$). In other words, you can invest as much as you like, as long as you don’t go over 10,000$, which is the maximum FXDD deposit limit for all methods except bank wire transfers (no such limit there). Another major advantage of this process is that you don’t have to worry about deposit fees, which is fairly often the case with other brokers. You can also expect a bonus once you make the deposit – up to 100% of the funds you transfer can be added to your balance. However, we do recommend you take a look at the Terms & Conditions regarding this, because the deals can change and can have some additional conditions attached to them when making a withdrawal. Finally, you should allow up to two days for your FXDD deposit to become visible in your account balance.
Is the withdrawal process just as simple? Of course we have covered that in this review, too. It’s coming up next.

FXDD Banking

FXDD Banking

FXDD withdrawal

For a complete trading experience on this website, you have to know that FXDD withdrawal works perfectly. Fortunately, after testing it on several occasions, we can say that our expectations have been met. Here’s how the whole thing functions.
To initiate your FXDD withdrawal, you will first have to download and fill out a so-called Funds Redemption Form and send it by e-mail or by fax to the broker. You can choose from all of the aforementioned methods, but be aware that only the first withdrawal every month is free of additional charges. If you decide to withdraw more than once per month, every subsequent transaction will incur a 40$ fee. A fee will also be charged if you decide to withdraw less than 100$, which is the lowest FXDD withdrawal amount you can get for free. In other words, you can withdraw less, but it will cost you 25$, so it may very well be a much more reasonable move to simply wait until your balance is above 100$ again.
Another important advantage of this process is its speed. You can expect your FXDD withdrawal to be done in just a couple of business days, which is quite impressive. The withdrawal requests can be submitted whenever you want, but do keep in mind that the accounting team has a standard Monday-to-Friday work week (from 9 to 5), so your request may not be processed right away. Nevertheless, the service you get is impeccable.
Since we’re on the subject of the broker’s team, let’s take a look at the kind of support you can get here. More good news is coming in our FXDD review.

FXDD support team

Whatever you want to know about the things that are going on on this website, feel free to contact the broker’s support team. We’re talking about real professionals here who will get to you as soon as humanly possible every single time and always answer your question so that even a complete beginner can understand it. The website is available in about 15 different languages, from Czech to Vietnamese, so no matter where in the world you are, you should be able to navigate here effortlessly
If you need more help, however, FXDD customer support is online 24 hours a day every day except on Saturday. You can contact them in a variety of ways, from e-mail (two different addresses are available – one for support and one for the sales department) to social networks (Facebook and Twitter). You can also get in touch via phone (again, two numbers are available) and fax, as already mentioned. You can even request a callback if you want to, too.
There is also a detailed FAQ list in the support section of this website, plus there you can also find many educational materials. These range from explanations of trading tools to numerous trading guides, all of which can be accessed completely free. You can read texts or watch videos, but the bottom line is that you will be able to prepare yourself and raise your performance to another level. There can be no doubt that FXDD does its best to take care of its clients and provide them with the best possible trading environment, so we can wrap this review up with a fairly positive conclusion before we go.

FXDD Contact

FXDD Contact

Conclusion

So, what have we learned from our FXDD review? Well, the most important feature of this broker’s offer is the financial flexibility they offer. There are no minimum deposit or withdrawal requirements (although you will have to pay a fee if you withdraw less than 100$), which can be very helpful to new traders. Numerous payment options are very commendable, but what is even more impressive is the number of platforms (particularly mobile) you can trade on. Of course, you can always check things out with a free FXDD demo account, but apart from that there are many other very interesting account types you can use, including PAMM, joint and corporate, for example. Come to think of it, providing numerous options seems to be the name of the game here because the number of assets you can invest in are also quite numerous. As a matter of fact, four major cryptocurrencies can also be chosen. Should you have any questions, don’t be afraid to contact the support team because they are extremely professional and always answer quickly.
To conclude, this company has been around for more than a decade and a half because it is serious, professional and always has its clients’ best interests in mind. You simply cannot go wrong with them. Open an account on this website now and you will get yourself one of the best investment partners in the world.

Author's overall rating:
Author: Ben Prescott
Updated:

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