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

👤 Broker Name : FXDD
🏣 Company Name : FXDD Bermuda Limited
📅 Foundation Year : 2002
✅ Regulated by : MFSA
🏢 Headquarters : Malta
📉 Broker Type : No Dealing Desk

💵 FXDD Minimum Deposit :

0 USD
💹 Maximum Leverage : 1:400
💱 Base Currency : USD
🇺🇸 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 – 1:5
  • Forex – 1:30
  • Indices – 1:20
  • Commodities – 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 world’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 (EA’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 – 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 doesn’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 – Support
  • (+356) 2013 3939 – Trading

Email:

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

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

Trading Preference

💰 Minimum Spreads :
🎮 Demo Account :
📒 Mini Account :
📒 Standard Account :
✨ VIP Account :
📒 Premium Account :
📒 Segregated Account :
☪️ Islamic Account :
📒 Managed Account :
📒 Pamm Account :
📒 Affiliate Account :

Payment Options

💳 Deposit Methods : Credit Card, Neteller, Skrill, Wire Transfer
💳 Withdrawal Methods : Credit Card, Neteller, Skrill, Wire Transfer

Trading Features

📊 Trading Platforms : Currenex, MetaTrader 4, MetaTrader 5
💰 Fixed Spreads :
📈 Commission on Trades :
📈 Hedging :
📈 Scalping :
📈 Automatic Trading :
📱 Mobile Trading :
💻 Web Trading :
🚥 Signals :
📪 VPS Services :
📧 Email Alert :

Trading Instruments

📊 Forex/Currencies :
📊 Commodities :
📊 CFDs :
📊 Indices :
📊 ETFs :
📊 Stocks :
📊 Crypto Currency :

Promotion

🎁 No Deposit Bonus :
🎁 Deposit Bonus :
🏆 Contest :
🚀 Other's Promotion :

Get Latest FXDD Promotion

Support

👥 24-Hours Support :
👥 Support During Weekends :
🌐 Web Form :
💬 Live Chat :
🤙 Call-Back :
✔️ Support Language : Arabic, Chinese, Czech, English, Italian, Japanese, Portuguese, Russian, Spanish, Vietnamese

Contact Information

🌐 Website : www.fxdd.com
📧 E-mail : [emailprotected]
☎️ Telephone : +356 2013-3933
📠 Fax : N/A
📮 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? ›

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.

How do I know if my forex site is legit? ›

To see if a site is registered, visit fincen.gov/msb- registrant-search. Registration alone won't protect you from fraud, but most scams involve unregistered entities, people, and products. 3. No physical address, it's clearly fake, or offshore.

Where is FXDD located? ›

FXDD is headquartered in Malta (with offices in the US and the UK), founded in 2002, and is a FOREX and CFD broker offering a wide range of trading solutions to a large clientele, including hedge funds, white labels, individual and institutional traders, money managers, and introducing brokers (IB).

How do I find a legit forex trader? ›

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.

What is the maximum leverage for FXDD? ›

FXDD Main Features
☑️ RegulationsFSCM (Mauritius), MFSA (Malta)
🗺 Supported LanguagesEnglish, Spanish, Portuguese, Italian, Arabic, Japanese, Chinese, Vietnamese, Thai, Hindi, Turkish+4
💰 ProductsCurrencies, Stocks, Crypto, Indices, Commodities
💵 Min Deposit$200
💹 Max Leverage1:500 (FSCM), 1:30 (MFSA)
7 more rows
Jun 9, 2024

Is the forex market legit? ›

Forex trading itself is not a scam, but there are certainly scammers who use the industry as a way to take advantage of unsuspecting investors. These scams come in many forms, from unscrupulous brokers to fake trading systems.

How to spot a forex scammer? ›

Unbalanced claims

They'll claim that they can guarantee trading success and assure large profits – all while downplaying any associated risk. This might be the ultimate indication that you are dealing with a scam: Trustworthy brokers do not make unbalanced claims, and will never make profit guarantees.

How to spot a fake broker? ›

Verify that your broker is regulated by a recognised financial authority locally or globally. This regulation ensures that the broker operates within established guidelines and safeguards your investments. Check their registration number and cross-reference it with the regulator's website for confirmation.

Can I get my money back if I got scammed from Bitcoin? ›

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.

Who is the owner of FXDD? ›

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? ›

125 people are employed at FXDD.

Where is forex trading from? ›

There is actually no central location for the forex market - it is a distributed electronic marketplace with nodes in financial firms, central banks, and brokerage houses. 24/7 forex trading can be segmented into regional market hours based on peak trading times in New York, London, Sydney, and Tokyo.

How to check if a trader is legit? ›

Check with your local council

Trading Standards is a council department that makes sure companies don't break the law when selling to customers. The council might list traders they've approved, or they might link to another website that lists traders in your area you can trust.

Which is the safest forex broker? ›

Best Forex Trading Platforms in 2024
  • PrimeXBT: Best Forex trading platforms Overall.
  • Lite Forex: Best for CFDs on Commodities.
  • JustForex: Best for Multi Assets.
  • FXTM: Best With High Floating Leverage and Fast Execution.
  • PLUS500: Best Option to Trade CFDs.
  • AvaTrade: Best Forex Trading Platforms for Leverage.
Jan 19, 2024

Is Forex com real or fake? ›

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? ›

TMGM is not a scam

The monetary loss can set back your investment plans by years. You can rest assured, TMGM is considered reliable as it is regulated by the top-tier ASIC in Australia. I have more than 15 years of experience as a forex trader, actively trading on a daily basis with many currency pairs.

Is forex copy trading legit? ›

Copy trading is one of the less risky ways to make money in the financial market. 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.

Is Forex com a trusted broker? ›

Yes, it is regulated by several financial authorities globally, such as the UK's Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) in the US.

Is trader sync legit? ›

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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