FXDD Review 2024 with Rankings by Dumb Little Man

FXDD Review

“Forex brokers” are an important part of online trading because they offer tools for trading currencies around the world and act as entry points for both new and professional traders. In this highly competitive field, FXDD stands out with its new ideas and reliable services. As a leader in forex dealing, FXDD was one of the first companies to use the MetaTrader platform. It started with MT3 in 2003 and moved on to MT4 and MT5, all of which were improved with FXDD’s own technology.

In this review, we look into FXDD by using what experts have said and their own experiences. Its goal is to give a full picture of the broker by focusing on its strengths, recent technology developments, and position in the forex market. We give you an in-depth look at FXDD’s services and results based on the opinions of experts.

What is FXDD?

FXDD is a financial brokerage that has been a leader in forex dealing for 20 years. As one of the first companies to use the Metatrader trading platform, FXDD is known for being innovative and fair. It also has excellent trading performance and international customer service that puts the needs of its clients first. Traders all over the world know the FXDD brand because of its dedication to quality.

FXDD’s main goal is to give its clients the best trading experience possible. To do this, it provides safe prices, a number of trading tools, and unmatched customer service. This method is supported by top-notch learning materials, unique insights, and market research, which is why over 450,000 users around the world choose FXDD. The company’s commitment to low prices, quick delivery, and the freedom to trade any strategy shows that it is serious about making a great trading environment.

Many awards have been given to FXDD for their dedication to greatness. These include Best Customer Service Broker and Best FX Provider MENA at the 2023 Dubai Forex Expo, as well as Most Transparent Broker – Europe and Most Reputable Forex Broker in 2021. These awards show that FXDD is continuing to put money into technology, customer service, and a clear trade environment. This further solidifies its position as a trusted market leader in forex.

Safety and Security of FXDD

FXDD puts safety and security first and follows the strict rules set by the Malta Financial Services Authority (MFSA) and the Mauritius Financial Services Commission (FSC). By following these rules, regulators make sure that clients can trade safely. This is supported by licenses C48817 (MFSA) and C117017252 (FSC).

FXDD follows the EU’s MiFID II (Markets in Financial Instruments Directive) rules for brokerage services in the European Economic Area and keeps up high standards of financial practice and client security around the world. It has offices in Malta and Mauritius. This information, which comes from a lot of study, shows how committed FXDD is to following the rules and keeping investors safe.

Pros and Cons of FXDD

Pros:

• Wide Range of Trading Platforms
• Regulatory Compliance
• Flexible Trading Conditions
• Diverse Account Types
• Educational and Support Resources

Cons:

• Limited Customer Support Hours
• Withdrawal Delays and Fees
• Geographic Restrictions

Sign-Up Bonus of FXDD

You can’t get a sign-up prize from FXDD right now. As of the most recent information, this policy is still in place. It shows that the broker is focused on giving value through its services and trading conditions rather than offering promotional incentives. But both possible and current clients are told to keep an eye out for future announcements.

FXDD may change its promotions or add new bonuses, so people who want to know about possible future benefits should keep an eye on official messages.

Minimum Deposit of FXDD

Because it doesn’t require a minimum investment, FXDD is unique in how it lets you fund your live trading account. This rule lets traders of all skill levels start trading without having to worry about making a big starting investment. While FXDD does not have a minimum deposit amount, it is important to keep in mind that some deposit ways may have their own.

Customers can get thorough information on different deposit methods and what they need to do by logging in to their Customer Portal or calling the FXDD customer service team. This straightforward method lets traders decide for themselves how to fund their accounts in a way that fits their personal tastes and budget.

FXDD Account Types

Our team of experts at Dumb Little Man has done a lot of study and testing to give you all the information you need about FXDD’s account types. These accounts are made to work with a lot of different trading styles and tastes, so traders can pick the one that works best for them.

Individual, Corporate, and Demo accounts can all have both kinds of accounts. This gives traders the freedom to try out FXDD’s services without having to commit large amounts of money right away.

Here is a short list of the different types of accounts that FXDD offers:

Premium/ECN Account

• Offers the tightest spreads
• Minimal commission fee
• Currency offerings include USD, EUR, GBP, JPY
• Minimum deposit starts from $200
• Trading sizes from 0.01 lots
• EA (Expert Advisor) friendly and scalper friendly

Standard Account

• Features low spreads and is commission-free
• Currency offerings include USD, EUR, GBP, JPY
• Minimum deposit starts from $200
• Trading sizes from 0.01 lots
• Benefits include price improvements on limit orders and no partial fills
• EA (Expert Advisor) friendly and scalper friendly

FXDD Customer Reviews

Customer reviews of FXDD show that its users had a range of experiences with it. On the one hand, some traders have talked about their good experiences, praising the helpful customer service team and low fees, saying they were very happy with the service. They praise the support services for going the extra mile to meet specific needs, which shows that customer care is tailored to each person.

On the other hand, some users have been unhappy with the exit processes, saying they take too long and criticizing the way FXDD agents treat them. Complaints include delays in moving funds that weren’t necessary, rude customer service reps, and fees that were taken out of withdrawal amounts that weren’t expected.

FXDD Fees, Spreads, and Commissions

FXDD has clear and affordable pricing for fees, spreads, and commissions, so it can meet the needs of many traders. People who use normal pricing and are self-directed get no commission on trades, which makes it a good choice for people who want to cut costs. But trades made through ECN pricing, managed accounts, or an Introducing Broker (IB) may come with fees, which clients must be aware of before they make the trade.

There are no fees to deposit money into an FXDD account. However, bank wire transfers may have fees from both the sending and receiving banks, which can change the total amount received. If you don’t use your account for a while, FXDD charges an upkeep fee. The fee starts at $13 for accounts that haven’t been used in 3 months and go up with the time of inactivity. These fees make sure that no account goes negative because of them.

There are different fee rates for Premium and Ultra MetaTrader 4 and 5 accounts. Premium accounts pay $5.98 to $9.98 or the equivalent in other currencies for each standard lot round turn for majors, minors, and metals. Ultra accounts have slightly lower rates, at $4.98 to $9.98 or equivalent.

This shows that FXDD is committed to giving its traders clear and fair prices, aside from the fact that they offer negative balance protection for their trader.

Deposit and Withdrawal

FXDD lets its customers from all over the world transfer money in a number of ways, such as by bank wire, credit card, or debit card. Traders can easily fund their accounts with these different deposit options, with different methods available depending on the trader’s place of origin. You can find full information about these methods on the Deposit page of the Customer Portal. This was tested and confirmed by a trading professional at Dumb Little Man.

People who want to wire money into their FXDD account can easily do so by accessing the Customer Portal and finding the bank wire directions. Most of the time, this method takes between 2 and 5 business days to show up in the trader’s account. FXDD asks clients to provide a bank wire proof in case of delays. This will help the support team find the funds.

The process of taking money out of an FXDD account is meant to be simple and smooth. Traders can request a withdrawal through the Customer Portal. Most requests are handled the same business day, but traders should allow 24 to 48 business hours for the process to finish. payments made by bank wire take 2–5 business days, while payments made with a credit or debit card take 5–10 business days. During the whole process, FXDD’s customer service team is ready to answer any questions or deal with any problems.

How to Open an FXDD Account

The process of opening an account with FXDD is easy and is meant to help new forex buyers get started. People can quickly and easily set up their trading accounts and start trading by following these nine important steps.

1. Go to FXDD.com and click on Jump Start Trading.
2. When making an account, pick either the Maltese or Mauritian section.
3. Fill out the signup form with information about yourself and your money.
4. Give details about your available cash and where your income comes from.
5. Tell the broker about your business history.
6. Answer questions about Stop Loss and margin trading, which are trade ideas.
7. To register your account, you must prove who you are.
8. To start buying, put money into your trading account.
9. Take care of your account by taking money out or changing the ratio as needed.

FXDD Affiliate Program

FXDD’s Affiliate Program, which is created for Introducing Brokers (IBs), gives people and businesses a good way to make money by sending new customers to FXDD. Participants in the program get paid based on how much trading their new clients do. They also get daily payouts and rebates that are among the highest in the business.

FXDD has worked with IBs for more than 20 years and has built strong partnerships with them by committing to their growth and success over the long run.

As an Introducing Broker with FXDD, you can get tight dealing spreads for your clients, a personalized IB Portal for keeping track of your clients’ actions, and payments that are always on time. FXDD helps its IBs by giving them a huge library of marketing materials, advanced tools, and enterprise-level technology that makes sure clients have a stable and fast MetaTrader environment.

FXDD Customer Support

FXDD Customer Support puts speed and ease of access first, making sure that all of their clients, new and old, get help quickly with any questions or problems they may have. Based on what Dumb Little Man learned, the broker’s multilingual customer service team is available 24 hours a day, seven days a week to help with the application process, funding accounts, or any questions about trade. This special support is available by phone, email, and Live Chat, so customers worldwide and in all time zones can get help.

Customers can call (+51-1707-3780) or email ([email protected]) FXDD’s customer service team from Sunday at 5:05 PM EST to Friday at 4:55 PM EST for all kinds of questions. They are also located in Triton Capital Markets Ltd, Trident Park, Notabile Gardens, Nos. 6 & 7 – Level 4, Mdina Road, Zone 2, Central Business District, Birkirkara CBD 2010.

When a client wants to ask about trading or get information about a particular trade, they should email their full name, account number, and order details.

Advantages and Disadvantages of FXDD Customer Support

FXDD vs Other Brokers

#1 FXDD vs AvaTrade

FXDD stands out because it has cutting-edge technology and custom trading conditions. It provides forex and CFD traders with a tech-savvy tool. AvaTrade is known for having a lot of different trading instruments, new platforms, and training materials. This makes it appealing to traders who want variety and help.

Verdict: FXDD is better for people who like technology and a more personalized experience, while AvaTrade is better for traders who want a wider range of tools and resources for learning.

#2 FXDD vs RoboForex

FXDD stands out with its MetaTrader platforms and ability to integrate technology. It can help both new and expert traders. RoboForex has a lot of different trading tools and conditions that can be changed to suit different trading styles.

Verdict: RoboForex is better for traders who want a variety of trading tools and conditions. People who want to build a strong technological base should consider FXDD.

#3 FXDD vs FXChoice

FXDD stands out because of its advanced technology and wide range of trading tools, which make it a good place to trade. FXChoice stands out by offering unique forex pairs and commodity CFDs, which are aimed at traders who are interested in developing markets.

Verdict: FXChoice has a special benefit for people who are interested in commodities and developing markets. FXDD is the place to go for traders who want to use cutting-edge trading technology and a wide range of trading platforms.

Choose Asia Forex Mentor for Your Forex Trading Success

Trading experts at Dumb Little Man strongly suggest that you choose Asia Forex Mentor as your forex trading instructor, especially if you want to be successful and make a lot of money dealing forex, stocks, or cryptocurrencies. The platform, which is run by the respected Ezekiel Chew, gives traders unmatched insights and trading strategies based on their real-life trading successes, such as regular seven-figure trades.

The school has a full curriculum that goes over both the basics and more advanced strategies for trading in different markets. It has a history of helping traders become regularly profitable, which shows how well its educational programs and mentoring work. Students benefit from learning from an expert mentor, Ezekiel Chew himself, who brings his own trade success into the classroom. They are also helped by a community that encourages and helps each other learn.

Asia Forex Mentor also stresses the importance of discipline and mental preparation, which helps traders deal with the mental and emotional difficulties of trading. Through regular updates and tools, the course makes sure that students are always on top of market trends and strategies. The many success stories of people who became financially independent show how much the education offered by Asia Forex Mentor changes people.

Asia Forex Mentor is the best option for people who want to make a good living trading. It gives you a solid base, ongoing support, and the advanced skills you need to do well in the forex, stock crypto, and financial markets.

Conclusion: FXDD Review

Experts at Dumb Little Man have said that FXDD stands out among forex brokers because of its cutting-edge technology and flexible trading tools, especially the MetaTrader versions. Its dedication to following the rules set by organizations like the MFSA and FSC makes dealing safe. Asia Forex Mentor has a lot of training materials that work with FXDD’s advanced platforms for people who want to improve their trading skills in this setting.

People who are thinking about using FXDD should be aware that withdrawals take longer than expected and are limited to certain areas. But the broker’s flexible dealing conditions and educational resources make it a good choice for people who want to trade with someone they can trust. Asia Forex Mentor can help by giving you the information and strategies you need to use FXDD’s services successfully.

>> Also Read: SimpleFX Review 2024 with Rankings by Dumb Little Man

FXDD Review FAQs

Is FXDD a forex broker?

It is true that FXDD is a forex broker that lets users trade major currency pairs, commodities, indices, and CFDs. It has many trading platforms, such as MetaTrader 4 and MetaTrader 5, and is known for being innovative with technology and having flexible trade conditions, with a variety of trading accounts, including a demo account.

What is the maximum leverage for FXDD?

There are different maximum leverages that FXDD clients can enjoy based on the type of account and the rules in the place where the account is listed. According to rules set by the European Securities and Markets Authority (ESMA), leverage can be up to 30:1 for retail traders. However, it may be higher for professional clients and in places where the rules are different.

Can I trade cryptocurrencies with FXDD?

Yes, FXDD trading lets forex traders trade cryptocurrencies as CFDs (Contracts for Difference). This lets traders guess how the prices of famous cryptocurrencies will change without actually owning the currency itself. This includes popular cryptocurrencies like Bitcoin and Ethereum, as well as others, giving both new and experienced traders a wide range of ways to spend.