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FXDD review and ratings

Established 2004
Location Malta Mauritius
Regulation MFSA, FSC
Offices Floriana, Ebene
Broker type STP | ECN
Leverage up to 1:200 (1:30 for EU clients)
Deposit from 10 USD
Spreads mid  mid
Platforms Web MetaTrader 4 MetaTrader 5
Instruments Currencies Crypto Indices Metals Energies Stocks
Funding methods Wire Transfer Credit Cards Neteller UnionPay

Company information

FXDD group includes 2 related companies.

FXDD MT - located in Malta, regulated by the Malta Financial Services Authority (MFSA).
FXDD MU - located in Mauritius, regulated by the Financial Services Commission (FSC).

Be aware, MT company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.

Availability

FXDD group accepts clients from all over the world, excluding USA, Iran and North Korea.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

50+ Currency Pairs Based on major and minor world currencies.
6 Crypto Pairs Based on Bitcoin, Ethereum, Litecoin, Ripple.
11 Indice CFDs Based on baskets of different blue-chip stocks.
7 Metal CFDs Based on Gold, Silver, Platinum, Palladium and Copper.
3 Energy CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
10+ Stock CFDs Based on shares of US companies.

Comprehensive review

FXDD is a CFD & forex broker based out of Malta for its European clients, and in Mauritius for its global clients. The broker is regulated in both jurisdictions where it is present, namely by the Malta Financial Services Authority (MFSA) and the Mauritius Financial Services Commission (FSC).

Unfortunately for EU/EEA-based traders, the maximum trading leverage is limited to 1:30 on the most liquid forex pairs, and even less on more volatile instruments. However, EU-based traders also get the benefit of being entitled to a government-guaranteed investor compensation scheme of up to EUR 20,000, as well as protection against ever getting in to a negative balance on their trading account.

For traders from all other regions of the world, the maximum trading leverage with FXDD is 1:200.

FXDD offers a whole range of instruments for trading, including more than 50 foreign currency pairs, 6 cryptocurrency CFDs (BTC/USD, BTC/EUR, BTC/JPY, ETH/USD, LTC/USD, XRP/USD), as well as a selection of indices, metals, and energy commodities in the form of CFDs.

In addition, FXDD also offer CFDs based on a few single stocks of US-listed companies. At the time of this review, those companies are Apple, Facebook, Amazon, Netflix, Tesla, Google (Alphabet), Alibaba, Twitter, Bank of America, and Baidu.

In terms of account types, traders who sign up with FXDD have the choice between using a “Standard” STP-type of account or an ECN account. As usual, the ECN account has the tightest spreads on trading instruments, and instead charges commissions on all trades. The Standard account, on the other hand, offers commission-free trading but with wider spreads between buy and sell prices.

Given the differences between these two account types, it is clear that traders with larger amounts of capital will be better off with the ECN account. For beginners with smaller accounts, however, the Standard account is probably a better deal.

As an example of the spreads offered by FXDD, the EUR/USD forex pairs is available with a spread of 0.8 pips on the ECN account, and 1.9 on the Standard account.

All trading accounts can be funded with either Visa, MasterCard, Neteller, or the China UnionPay card. Unfortunately, cryptocurrency deposits are not accepted by this broker.

When it comes to trading platforms, FXDD offers both of the most popular retail trading platforms in the world, namely MetaTrader 4 and MetaTrader 5 (MT4/MT5). In addition, the broker also offers its own proprietary web platform

It is worth noting that only clients with an ECN account can use the broker’s proprietary web-based trading platform. The FXDD web platform comes with an easy-to-use interface, and charts from the very popular TradingView charting platform. This makes it easy to perform advanced technical analysis on the charts, while also allowing users to view up to four charts at a time. Traders familiar with TradingView will therefore find it easy to start using FXDD’s web platform.

The FXDD customer service team is available via a Malta-registered phone number, email, and live chat 24 hours a day on all trading days, which is something we always appreciate.

All in all, we believe FXDD is a decent forex & CFD broker, particularly for traders interested in trading crypto CFDs against fiat currencies like the euro and yen, which are not normally available elsewhere. It is also a great choice for traders who like the TradingView platform, as the broker’s own web platform features the same charts. As a fully regulated forex broker, we also consider FXDD to be a reliable and trustworthy choice for all traders.

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