FXDD.io Review
FXDD is a digital broker firm that is successfully operating all around the globe. The broker provides its services in trading of major assets and products such as commodities, stocks, CFDs, forex etc. The broker was founded in 2002 at New York. The headquarters of the broker are situated in Malta.
Here is a detailed FXDD review that will help the readers in the analysis of the services and offers provided by the broker and the distinctive features that make it a reliable broker among the investors.
Regulation and Safety
FXDD is a regulated broker that follows the policies and guidelines set by the higher authorities. The broker is regulated by the Malta Financial Services Authority. The broker holds a license named as Investment Service Category 3 License that compels it to follow the rules set by the FXDD Malta Limited that is also an integral part of the European Union.
Account types
Depending on the models of pricing, FXDD offers two different account types for its traders. These account types include ECN account and Standard account. These accounts can be easily accessed by the customers through the trading platform integrated with the broker.
The beginners can initially learn through the Demo account that is available for both types of the accounts.
Leverage
FXDD does not offer very high leverage ratios to its customers because of the risk of loss attached to it in addition to providing increased profit to the traders. However, for the professional traders the leverage on different products may be offered up to 1:100, otherwise, 1:30.
Charges
The spreads and commissions offered by both accounts differ accordingly. ECN account provides raw spreads for its customers. On the other hand, the Standard account offers low spreads for its customers. The broker does not charge any deposit and withdrawal fees from its customers. However, a minimal inactivity fee may be charged. The experts mark the fee ranking of the broker as a higher one.
Payment Methods
Using the platform of FXDD, the traders can use a number of platforms to carry out transactions in a safe and convenient manner. The methods of making payments may include bank wire transfers, credit or debit cards, Skrill, Neteller, UnionPay etc. The broker has set the minimum deposit limit as 100 dollars.
Bonuses
Different types of brokers offer different bonus types to its customers that may include deposit bonus, welcome bonus etc. These bonus types build confidence among the traders ensuring them that their funds are in safe hands.
However, FXDD is not offering any such bonus to its customers at the present.
Trading Platforms
FXDD has been integrated with the popular trading platforms named as MetaTrader4 (MT4) and MetaTrader5 (MT5). These platform provide the convenience to the traders to get the access to the international financial markets and carry out trade using the advanced strategies provided by MT4 and MT5. The clients can get the access to these platforms through their mobile phones, tablets or desktop etc.
Customer Support
FXDD provides an effective customer support service to its traders throughout 5 days a week with its team operating 24 hours of the day. The broker provides its services in multiple languages that can be understood in all major reasons of the world. The customers can access the broker through the email, phone number or live chat option available on the website of the broker.
Education and Training
FXDD provides a sufficient collection of educational resources to its clients so that they can start trading in the perfect manner. The traders learn to carry out the market analysis and strategies required for better trading that helps them gain a good amount of profit from their investment.
Conclusion
FXDD is a reputable broker that provides its services to the customers in all parts of the world. The broker is integrated with the advanced trading platforms that help the customers in better trading with advanced techniques and tools.
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