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FXD Broker Review

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FXD Review 1

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Scam. Unable to withdraw

An introduction by a girl I met through an online dating platform, I met a teacher (pirating photos of celebrities, part-time scams

FX2155964942
2021-06-04

  

FXD 2025 Review: Everything You Need to Know

  In this comprehensive review of FXD, we explore the broker's offerings, user experiences, and expert opinions. Overall, FXD has garnered mixed reviews, with some users praising its low minimum deposit and user-friendly platforms, while others raise concerns about regulatory issues and withdrawal difficulties. Notably, FXD operates under different entities across various regions, which can significantly affect user experience and trust levels.

  Note: It is crucial to understand the implications of trading with FXD due to its multiple regional entities, as this can influence the regulatory oversight and safety of your funds. This review aims to provide a balanced view based on various sources to ensure fairness and accuracy.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 5
Customer Service and Support 4
Trading Setup (Experience) 6
Trustworthiness 4
User Experience 5

  We assess brokers based on user feedback, expert opinions, and factual data from multiple sources.

  

Broker Overview

  Founded in 2003, FXD is a forex and CFD broker that claims to provide a user-friendly trading experience for both novice and experienced traders. The broker offers access to popular trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are known for their robust analytical tools and automated trading capabilities. FXD provides a variety of tradable assets, including forex pairs, cryptocurrencies, and CFDs on commodities and indices. However, it is important to note that FXD operates under different regulatory frameworks depending on the region, which may affect the level of protection afforded to traders.

  

Detailed Section

  

Regulated Geographical Areas

  FXD operates internationally but lacks strong regulatory oversight in many regions. While it has some regulatory presence in jurisdictions like Malta, it is also associated with less stringent regulations in other areas, raising concerns about the safety of client funds. According to WikiFX, FXD has been flagged for having "suspicious regulatory licenses," indicating a need for caution when trading with them.

  

Deposit/Withdrawal Currencies/Cryptocurrencies

  FXD supports various currencies for deposits and withdrawals, including USD, EUR, and GBP. However, the broker's limited payment methods, which primarily include bank transfers and credit/debit cards, may not be as convenient as those offered by competitors. Additionally, users have reported issues with withdrawal processes, with some claiming delays in accessing their funds, as noted by Forex Peace Army.

  

Minimum Deposit

  FXD has a notably low minimum deposit requirement of just $10, making it accessible for new traders. This feature is often highlighted positively in user reviews, as it allows for easy entry into the forex market. However, this low barrier may also attract less experienced traders who might not fully understand the risks involved.

  

Bonuses/Promotions

  Currently, FXD does not offer any significant bonuses or promotions, which is a common practice among many regulated brokers. This lack of promotional offerings may be a disadvantage for traders looking for additional incentives to open accounts. However, some users appreciate the straightforward approach without complicated bonus conditions.

  

Tradable Asset Classes

  FXD provides a diverse range of tradable assets, including over 50 forex pairs, cryptocurrencies, and CFDs on various commodities and indices. This variety allows traders to diversify their portfolios and explore different trading strategies. However, some reviews suggest that the selection of available assets may not be as extensive as that of other brokers, limiting trading opportunities.

  

Costs (Spreads, Fees, Commissions)

  The cost structure at FXD is another area of concern. User reviews indicate that while spreads can be competitive, the overall fee structure may not be as transparent as expected. According to Investing.com, users have reported higher spreads on standard accounts compared to other brokers, which could affect profitability for active traders.

  

Leverage

  FXD offers leverage up to 1:400, which can be appealing for traders looking to maximize their trading potential. However, it's important to note that higher leverage also increases risk exposure. According to Investing.com, traders should exercise caution when using high leverage to avoid significant losses.

  

Allowed Trading Platforms

  FXD supports several trading platforms, including the widely used MT4 and MT5, which are known for their advanced features and user-friendly interfaces. Additionally, FXD offers a proprietary web-based platform, allowing users to trade without downloading software. This flexibility can enhance the trading experience, especially for those who prefer mobile or web trading.

  

Restricted Areas

  FXD does not accept clients from certain regions, including the United States, due to regulatory restrictions. This limitation can be a significant drawback for traders located in these areas, as they may need to look for alternative brokers that cater to their specific needs.

  

Available Customer Support Languages

  FXD provides customer support in multiple languages, including English, Spanish, and Chinese. However, the availability of support is limited to weekdays, which may not be convenient for all traders. Users have reported mixed experiences with customer service, with some expressing dissatisfaction with response times and issue resolutions.

  

Final Thoughts

  In conclusion, FXD presents a mixed bag of offerings for traders in 2025. While the low minimum deposit and variety of tradable assets are attractive features, concerns about regulatory oversight, withdrawal issues, and customer service quality cannot be overlooked. Traders considering FXD should conduct thorough research and weigh the pros and cons based on their individual trading needs and risk tolerance. Overall, FXD may suit some traders, but caution is advised, particularly regarding the regulatory environment and user experiences.

  For more information, visit FXD's official website.

FXD review