CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXDD

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Home » Reviews » FXDD

FXDD Review

FXDD is a forex trading services broker. They give traders access to a wide variety of instruments in several markets like currencies.

Pros

  • Segregates client funds
  • Established in 2002
  • Regulated by MFSA
  • Min. deposit from $1

Cons

A minimum deposit of $1 is required to establish a live account. Alternatively, FXDD provides a demo account that you may use to experiment and become acquainted with their platform.

Regulated by Malta Financial Services Authority (MFSA, license: IS/48817), FXDD keeps all customer funds in a separate bank account and works with tier-1 institutions to do so. FXDD has been in business since 2002 and has its headquarters in the United States.

Before we get into the specifics of FXDD’s spreads, fees, platforms, and trading tools, you may want to open their website in a new tab by clicking the button below to get the most up-to-date information straight from them.

VISIT FXDD

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What are FXDD’s spreads & fees?

Like most brokers, FXDD takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The commissions and spreads shown here are based on the FXDD website’s minimum spreads.

ForexFXDDCity IndexXTB
EUR/USD(Average: 0.7 pips)1.6 pips0.7 pips0.1 pips
GBP/USD(Average: 1.1 pips)1.8 pips1.7 pips0.1 pips
USD/JPY(Average: 1.1 pips)1.6 pips0.6 pips0.1 pips
AUD/USD(Average: 0.8 pips)1.7 pips0.6 pips0.2 pips
USD/CHF(Average: 2.3 pips)2.0 pips2.3 pips0.2 pips
USD/CAD(Average: 2.9 pips)1.8 pips0.5 pips0.3 pips
NZD/USD(Average: 3.6 pips)1.8 pips2.8 pips0.3 pips
EUR/GBP(Average: 2.4 pips)1.7 pips0.5 pips0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, the minimum spread for trading EUR/USD at FXDD is 1.6 pips, which is rather high when compared to the average EUR/USD spread of 0.70 pips. The table below compares how much it would cost to trade one lot of EUR/USD with FXDD against other brokers.

SEE ALL SPREADS

How much does FXDD charge to trade 1 lot of EUR/USD?

If you bought one standard lot of EUR/USD (100,000 units) with FXDD at an exchange rate of 1.1719 and sold it the next day at the same price, you would most likely pay $13.7. Here is a general breakdown of the fees and how they compare to IG and XTB.

FXDDIGXTB
Spread from:$ 16.00$ 6.00$ 2.00
Commission:$0.00$0.00$0.00
Total cost of a 100k trade:$ 16.00$ 6.00$ 2.00
$10 less$14 less
VISIT FXDDVISIT IGVISIT XTB

All fees/prices are for informational purposes and are subject to change.

What can you trade with FXDD?

FXDD provides over ten different trading instruments, covering over currency pairings. We’ve summarised all of the different types of instruments supplied by FXDD below, along with comparisons to the instruments offered by IG and XTB.

FX / CurrenciesFXDDIGXTB
# of forex pairs offered9048
Major forex pairsYesYesYes
Minor forex pairsYesYes
Exotic forex pairsYesYes
Cryptocurrencies*NoYesYes
Commodity CFDsFXDDIGXTB
# of commodities offered3421
MetalsYesYesYes
EnergiesNoYesYes
AgriculturalNoYesYes
Index & Stock CFDsFXDDIGXTB
# of stocks offered1080001606
UK sharesNoYesYes
US sharesNoYesYes
German sharesNoYesYes
Japanese sharesNoYesYes
SEE FXDD’S INSTRUMENTSSEE IG’S INSTRUMENTSSEE XTB’S INSTRUMENTS

Visit FXDD

What’s the FXDD trading experience like?

1) Platforms and apps

FXDD is one of the few brokers that provides both the MT4 and MT5 MetaTrader platforms. You may read our MT4 versus MT5 comparison to see how the two platforms compare.

They also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

SEE FXDD’S PLATFORMS

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

FXDD may have lower entry criteria as a market maker than an ECN broker, which benefits from a higher volume of transactions and usually has higher capital and minimum trading requirements. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that FXDD offers its traders below.

Trading Features:

  • Allows scalping
  • Low min deposit

Accounts offered:

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account

Funding methods:

  • Bank Transfer

3) Client support

FXDD supports a limited number of languages including English, Italian and Portuguese.

4) What you’ll need to open an account with FXDD

Since FXDD is regulated by the MFSA, every new customer must pass a few simple compliance tests to verify that you understand the risks of trading and that you are permitted to trade. When you establish an account, you will most likely be asked for the following information, so have it handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.

While you may be able to browse their site immediately, it is crucial to note that you will not be able to execute any trades until you pass compliance, which might take several days depending on your circumstances.

To start the process of opening an account with FXDD you can visit their website here.

FXDD

Open a demo account

79% of retail investor accounts lose money when trading CFDs with this provider.

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Allows Hedging

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Offers Demo Account

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