FXDD Forex Broker Review

Read our full FXDD review to get exact details about their safety, accounts, spreads, platforms, assets, support, and many more. Our unbiased FXDD opinion allows our readers to decide whether FXDD is a reliable broker.

FXDD Forex Broker History

Established in 2002, FXDD is not a newcomer to the Forex trading industry. The broker has decades of experience and was initially licensed in multiple regions such as Malta and Mauritius, but it is only regulated in one country right now, which is a red flag. The broker started with MT3 and then switched to MT4 and MT5 trading platforms.

FXDD broker safety

When it comes to safety, FXDD is only regulated in Peru as FXDD Trading SAC. The broker no longer holds previous licenses and now operates solely under Peruvian authorities. Combined with strict withdrawal policies, these factors make the broker risky, and traders should be careful when dealing with brokers that complicate profit withdrawal procedures.

FXDD Broker Review of Accounts

FXDD offers two main account types, standard and premium accounts. The Standard trading account is commission-free with competitive low spreads, but the precise spread details are not disclosed, which is a big downside. Both accounts have the same minimum deposit requirement of 200 dollars, support trading from 0.01 lots, and allow flexibility with options for individual, corporate, or demo account types. The premium account type offers even lower spreads, which are not disclosed by the broker, and there are trading commissions charged based on volume (position size).

FXDD instruments

The broker offers access to a broad range of asset classes, including Forex pairs (majors, minors, exotics), indices, commodities, stocks, and even digital currencies. Most of these assets are provided in the form of CFDs, and leverage varies by asset class. Cryptos have limited leverage of up to 1:4, whereas other assets can be traded with leverage as high as 1:100.

FXDD Reviews of Trading Platforms

The broker supports the popular MetaTrader platforms, both MT4 and MT5, which come with the benefits of custom indicators support and Expert Advisors (EAs) are also allowed. The broker supports mobile trading via MT5 mobile app which are available on Android and iOS. Additional features include downloadable 1-minute price data for EA backtesting and free VPS service for uninterrupted EA operations.

FXDD Forex Review of Extra Features

Additional features at FXDD include an educational blog that offers trading tips and daily FX analysis, which is useful to keep traders informed. There is also Autochartist which adds value by providing technical analysis signals. There are no webinars and structured courses for beginners, which is a notable shortcoming of FXDD’s educational offerings.

FXDD Reviews of Customer Support

Customer support at FXDD is accessible via multiple channels, including live chat (integrated within the website), email, and phone support, which is available from Monday to Friday (24/5). The support team, as well as the website, is multilingual, which is flexible and user-friendly.

Overall, FXDD customer support is very good as all popular channels are provided, including the live chat, which is the most effective support feature.

FXDD Deposit and Withdrawal

FXDD offers a wide range of deposit options, including Neteller, Sticpay, cryptos (BTC, USDT), MasterCard, and UnionPay. It has to be noted that withdrawals must be processed using the same method that was used for deposits. Processing times for withdrawals range from one to three business days, which is slightly lengthy.

FXDD Review Conclusion – Can you trust FXDD?

Despite its long market history and advanced trading platform offerings, FXDD only has one regulatory license and opaque spread information, which makes it difficult to call the broker reliable. Traders should be aware of the strict withdrawal policies and regulatory changes, as the broker was previously regulated in 2 different jurisdictions and is only overseen in Peru now, which makes it a risky broker.

FAQs on FXDD

Is FXDD a scam?

The FXDD scam is still possible as the broker is only regulated by 1 entity as of now, while it was overseen by several entities previously.

What is the FXDD minimum deposit?

The minimum deposit at FXDD starts at 200 USD on both trading account types, standard and premium.

Is FXDD a cheap broker?

The broker is not cheap as it does not disclose exact spreads, and the minimum deposit starts from 200 USD.