Rating Index
Pros
Multiple instruments: FXPD offers a wide range of over 300 trading instruments, including forex, commodities, indices, and share CFDs, allowing traders to diversify their portfolios.
MT4 platform: The broker provides access to the popular and user-friendly MetaTrader 4 platform, which is known for its comprehensive features and tools suitable for both beginners and experienced traders.
Zero commissions: FXPD operates on a zero-commission model, which can lower overall trading costs for clients.
Cons
Unregulated: FXPD does not hold any valid regulatory licenses, raising concerns about its adherence to industry standards and the protection of customer interests.
Limited customer support channels: The broker offers only limited support options, primarily through email and a contact form, lacking instant support methods like phone or live chat.
Limited information on deposits and withdrawals: FXPD provides insufficient details regarding deposit and withdrawal procedures, making it difficult for traders to assess the cost-effectiveness and convenience of their trading experience.
FXPD broker Accounts
FXPD Account Type
FXPD offers a Standard STP Account, which is designed for traders ready to transition into the live trading environment. This account provides direct access to institutional-grade spreads and dark liquidity pools, ensuring increased liquidity. With a minimum deposit of $200, traders can enjoy zero commissions and tight spreads, leveraging up to 1000:1. The account operates without a dealing desk, aligning trades directly with major liquidity providers for maximum transparency. FXPD supports over 300 tradable assets, including forex, commodities, indices, and share CFDs, all accessible through the user-friendly MetaTrader 4 (MT4) platform.
FXPD Broker Account Opening Process
Opening an account with FXPD involves the following steps:
- Visit the FXPD Website: Navigate to the official FXPD website.
- Click "Open Live Account": Locate and click the button to start the account opening process.
- Fill Out Registration Form: Provide personal details such as your name, email, and other required information.
- Submit the Form: After filling out the form, submit it for processing.
- Verify Your Identity: Upload a valid ID and proof of address to verify your identity.
- Deposit Minimum Amount: After verification, fund your account with the minimum required amount of $200.
- Start Trading: Once your deposit is successful, your account will be activated, allowing you to begin trading.
For more information, you can visit the following sources:
FXPD Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.