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FXDD Forex Broker provides real users with * positive reviews, 2 neutral reviews and 60 exposure review!

FXDD Broker Review

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FXDD Review 62

Latest All(62) Neutral(2) Exposure(60)
Exposure
Sixty-seven percent of the funds broadcast

Without supervision, lure the common people with high profits! Stay away with caution!

2023-03-23
Neutral

Honestly, my one issue is when you withdraw money it is not quick, often it takes several days to be received and it never comes back in one go. I always receive the draw down in several small payments which are received over several days.

Jimmy Manuluck
2023-02-28
Exposure
after register and deposite is blocked account

when i try connect trade use Netdia,i see option is brocker listed FXDD , when register there confirm is successful upload all detail and dopist to test not show balance and send email to wrong information.scam me

chizcom
2022-08-10
Exposure
Look at the difference of 3100 pips of gold of FXDD

FXDD boss, please explain to me the price of these simultaneous closing orders, the closing price of B order and S order is the same price! Is it your new technology or is it insulting my IQ? !

FX3229513873
2022-07-12
Exposure
The platform has an error, but does not admit it

Last Friday, June 10, 2022, I found out that the FXDD platform showed that the selling inventory fee of Aomei was 173 US dollars, and the buying inventory fee was -5 US dollars. Take the overnight inventory fee. June 13, 2022 is this Monday, I sold all the up and down orders in Australia and the United States, with a profit of $769.54. At the same time, it was found that the trading varieties on the platform on the 13th showed that the selling inventory fee was more than 177 US dollars, so I continued to buy and sell Australia and the United States to hedge their holdings. But that night, it was discovered that the platform had cancelled the inventory fee. I hurriedly contacted the agent, and was told that it was a system settlement error and an accident, but I had to bear the loss myself. Because FXDD has handling fees and spreads, there is no inventory fee, causing me to lose thousands of dollars. This situation is clearly caused by a mistake on the platform, otherwise I would not have carried out the operation of Australia and the United States. I went to the platform agent to investigate the loss, and the platform agent said that it would be good if I didn't pursue my profit on Friday, which was very annoying! I hope that through the eyes of the sky can help me stretch kilometers and justice, and help me recover my losses! In addition, it was added that FXDD had multiple chucks, which also resulted in losses.

一切随缘71267
2022-06-14
Exposure
Platform charges customer for commission and handling fees and reward it to intermediaries as rebates

FXDD charges a large amount of handling fees from customers, which is charged at the standard of 20 US dollars per lot, and then returns to the ntermediaries, and the ntermediaries takes the rebate, which leads to aggravating the loss of funds in the customer's account, of which the commission loss accounts for 25% to 30% of the overall loss of the account.

FX1304673026
2022-06-05
Exposure
they block my account

i want to withdraw they block my accont they want more put in 100% my account usdt

FX3438191111
2022-03-05
Exposure
Is the FXDD real?

Is this system true? It was said before that the participation in the event was over. I refused to withdraw the coin. Now I say that it cannot be recharged and needs to recharge 40,000. Now there are nearly 500,000 in the account.

陈艳丹
2021-11-15

  

FXDD 2025 Review: Everything You Need to Know

  FXDD emerges as a well-established forex broker with over two decades of experience in the financial industry. It is recognized for its competitive trading conditions and a variety of trading platforms, including the popular MetaTrader 4 and 5. However, while FXDD has received accolades for its customer service, user experiences vary, with some traders expressing concerns over withdrawal processes and educational resources.

  Note: It is important to consider that FXDD operates under multiple jurisdictions, which may lead to variations in trading conditions and regulatory protections depending on the entity. This review synthesizes insights from various sources to provide a balanced overview of FXDDs offerings.

  

Ratings Overview

Category Rating (Out of 10)
Account Conditions 6.5
Tools and Resources 4.0
Customer Service and Support 4.2
Trading Experience 5.5
Trust Level 6.0
User Experience 5.0
Cost Effectiveness 5.0

  How We Rated the Broker: The ratings reflect a comprehensive analysis of user reviews, expert opinions, and factual data regarding FXDD's services.

  

Broker Overview

  Founded in 2002, FXDD is a multi-asset broker headquartered in Malta, regulated by the Malta Financial Services Authority (MFSA) and the Financial Services Commission (FSC) in Mauritius. The broker offers a range of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary webtrader, catering to both novice and experienced traders. FXDD provides access to various asset classes, including forex, commodities, indices, stocks, and cryptocurrencies, making it a versatile option for traders looking to diversify their portfolios.

  

Detailed Breakdown

  

Regulatory Regions

  FXDD is regulated in several jurisdictions, primarily by the MFSA in Malta and the FSC in Mauritius. The MFSA is a tier-2 regulator, providing a reasonable level of protection for traders, including negative balance protection and segregated accounts. However, the FSC is considered a tier-3 regulator, which may not offer the same level of investor protection. According to ForexBrokersInfo.com, the varying levels of regulation can impact the trading experience and security for clients.

  

Deposit/Withdrawal Currencies and Cryptocurrencies

  FXDD supports multiple base currencies for accounts, including USD, EUR, GBP, and JPY. The broker offers a range of deposit methods, such as credit cards, bank transfers, and e-wallets like Neteller and Skrill. Notably, FXDD does not charge deposit fees, making it appealing for traders. However, withdrawals come with conditions: the first withdrawal each month is free, but subsequent withdrawals incur a $40 fee, which can be a downside for active traders. Additionally, a minimum withdrawal amount of $100 applies, with a $25 fee for amounts below this threshold.

  

Minimum Deposit

  The minimum deposit required to open an account with FXDD is $100, which is relatively accessible compared to other brokers. This low entry barrier is beneficial for new traders who want to start with a modest investment. However, some sources indicate that a recommended starting capital of $250 may provide a better trading experience, especially considering the inherent risks associated with forex trading.

  

Bonuses/Promotions

  FXDD does not offer any traditional bonuses or promotions, which could be a disadvantage for some traders looking for incentives. However, the absence of bonuses may also indicate a focus on transparency and straightforward trading conditions, as highlighted by Investing.com.

  

Tradable Asset Classes

  FXDD provides a diverse range of tradable assets, including over 60 forex pairs, commodities (like gold and oil), indices, and a selection of stocks and cryptocurrencies. However, the total number of available instruments is considered limited compared to other brokers, which may impact traders seeking a broader range of options. As noted by FXEmpire, the limited selection of stocks and cryptocurrencies could deter some traders.

  

Costs (Spreads, Fees, Commissions)

  FXDD's cost structure includes variable spreads that depend on the account type. The standard account typically has higher spreads, starting at around 1.9 pips for major currency pairs, while the premium (ECN) account offers tighter spreads from 0.4 pips. Additionally, FXDD charges commissions on the premium account, which can add to trading costs for active traders. The inactivity fee of $30 after three months of no trading activity is also a notable concern for infrequent traders.

  

Leverage

  FXDD offers leverage up to 1:500 for professional accounts and up to 1:30 for retail clients, which aligns with regulatory standards set by the MFSA. This flexibility allows experienced traders to amplify their trading potential, but it also increases risk exposure, making it crucial for traders to employ sound risk management strategies.

  

Allowed Trading Platforms

  Traders at FXDD can utilize several platforms, including MT4, MT5, and the proprietary webtrader. Both MT4 and MT5 are highly regarded in the trading community for their robust features and user-friendly interfaces. However, some users have noted that the platforms can feel outdated compared to newer offerings from other brokers.

  

Restricted Areas

  FXDD does not accept clients from several countries, including the United States, the United Kingdom, and Japan, among others. This restriction may limit access for traders in these regions, making it necessary for them to seek alternative brokers.

  

Available Customer Support Languages

  FXDD provides customer support in multiple languages, including English, Spanish, Portuguese, Italian, Arabic, Chinese, and Vietnamese. This multilingual support is beneficial for catering to a diverse client base, although some reviews indicate that response times could be improved.

  

Repeated Ratings Overview

Category Rating (Out of 10)
Account Conditions 6.5
Tools and Resources 4.0
Customer Service and Support 4.2
Trading Experience 5.5
Trust Level 6.0
User Experience 5.0
Cost Effectiveness 5.0

  

Detailed Breakdown of Ratings

  

Account Conditions

  FXDD offers a variety of account types, including standard and premium accounts, with a minimum deposit of $100. However, the higher spreads on standard accounts may deter some traders.

  

Tools and Resources

  While FXDD provides access to tools like Autochartist and market analysis, its educational resources are limited, particularly for novice traders.

  

Customer Service and Support

  Customer support is available 24/5, but some users have reported longer response times. The availability of support in multiple languages is a plus.

  

Trading Experience

  The trading platforms are user-friendly, but some users find them outdated. The cost structure may also be a concern for active traders due to withdrawal fees.

  

Trust Level

  FXDD is regulated by the MFSA and FSC, but the varying regulation levels may impact user trust. Negative balance protection and segregated accounts are notable security features.

  

User Experience

  User experiences are mixed, with some praising the broker's services while others report issues with withdrawals and customer support.

  

Cost Effectiveness

  FXDD's cost structure, including spreads and fees, is competitive but not the lowest in the industry, which may impact profitability for active traders.

  In conclusion, FXDD is a reputable broker with a long history in the forex market, offering a variety of trading options and platforms. However, potential clients should weigh the pros and cons, particularly regarding the cost structure and educational resources, before deciding to open an account.