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FXDD Review

Posted By Marcus Holland On Monday, April 22nd, 2013 With 0 Comments

Introduction

FXDD is a market-maker and an ECN broker that was founded in 2002. It has its headquarters in Malta and has a category 3 financial services license given by the Malta Financial Services Authority (MFSA). Its operations are compliant with the European MiFID, the FSA in UK, AMF in France, CNMV in Spain, AFM in Netherlands, BaFin in Germany, CONSOB in Italy, the Danish FSA, PSzAF in Hungary, the NBS in Slovakia, and the CNB in the Czech Republic.

Asset Index

The asset index available for trading on FXDD is given below:

CURRENCY PAIR  Standard Spread in pips Extreme Spread in pips
EUR/USD 1.96 0.94
USD/JPY 2.44 1.05
USD/CAD 3.38 1.88
AUD/CAD 6.47 3.38
AUD/JPY 5.27 1.99
AUD/NZD 8.37 5.50
CAD/JPY 6.04 1.96
CHF/JPY 6.57 2.47
EUR/AUD 6.21 3.12
EUR/CAD 6.50 3.39
EUR/CHF 5.59 3.09
EUR/GBP 4.91 2.41
EUR/JPY 5.36 1.87
EUR/TRY 15.88 9.46
XAG/USD 4.34 4.34
XAU/USD 37.97 37.07
GBP/USD 3.83 2.12
AUD/USD 3.61 2.29
GBP/CHF 7.82 4.72
GBP/JPY 5.77 2.27
NZD/JPY 4.79 2.19
NZD/USD 4.88 2.28
USD/CHF 3.96 2.61
USD/CNH 21.86 21.86
USD/CNY 36.66 36.66
USD/HKD 10.02 5.83
USD/INR 5.85 5.85
USD/KRW 67.96 67.96
USD/MXN 53.07 54.83
USD/SGD 4.70 4.70
USD/TRY 11.15 9.16
USD/TWD 4.98 4.98

 

Trading Platforms

The platform solutions that are available for use by FXDD clients are listed below:

MetaTrader4: The MT4 platform meets the needs of the new and experienced trader alike. It gives its users a fast and secure execution with competitive spreads, fully supports a wide range of Expert Advisors, enables instant orders, and has a continuously updated proprietary bridge. This platform is compatible with Windows OS versions 2000 and later.

Swordfish: This is FXDD’s customized proprietary trading platform which offers variable spreads, one-click order execution, position based trading, automated execution with Algo traders, and a secure Java base for unrestricted access on PC, Mac or Linux environments.

Mobile: FXDD provides its clients with the ability to trade forex through the use of their mobile trading platform. Users of iPhones, Androids, BlackBerries, Tablets, and Windows Phones can access their MT4 accounts from anywhere, as this platform has now been made compatible for use on mobile devices. The MT4 for mobile trading platform can be downloaded from either App store or the Google Play store.

Other trading platforms on offer by FXDD are; the MTXtreme, the Power Trader, the Viking, and the JForex trading platforms.

Deposits and Withdrawals

Deposits and withdrawals can be made on FXDD via Credit Card, CLICKANDBUY, PayPal, and Bank Wire.

Minimum Deposit

The minimum deposit amount allowed on FXDD for a Mini account is 250 USD, while for a Standard account, it is 2,000 USD.

Maximum Deposit

The maximum deposit allowed for Credit Card is 10,000 USD, for clickandbuy is25,000 USD, and for PayPal is 10,000 USD.

Minimum Trade Size/Amount

The minimum lot size for a mini account is 0.01lot, and for a standard account it is 1 lot.

Maximum Trade Size/Amount

The maximum trade size on FXDD is 500 lots.

Minimum Withdrawal Limit

There are no minimum withdrawal limits on FXDD.

Maximum Withdrawal Limit

There is no maximum withdrawal limit.

Conditions for Deposit and Withdrawals

The condition for deposit and withdrawal is that accounts must be the same as that on the customer account application.

Customer Support

Customer Support on FXDD can be reached via the following means:

a)         Phone: (+356) 2013-3933

Trading: (+356) 2013-3939

b)         Email: support@fxdd.com.mt

Sales: sales@fxdd.com.mt

Marketing: marketing@fxdd.com

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