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Admiral Markets , FXDD Broker Comparison

Do you want to know which is the better broker between Admiral Markets and FXDD ?

In the table below, you can compare the features of Admiral Markets , FXDD side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
Admiral Markets
7.9
Regulated
Under guarantee
10-15 years
ASIC,FCA,CYSEC,FSA,BaFin
Bank transfer,VISA
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Zero.MT4, Zero.MT5, Trade.MT5,Trade.MT4,Invest.MT5
Currency pairs - 45 Metal CFDs - 3 Cash Index CFDs - 10 Energy CFDs - 3
100 AUD 100 EUR 100 GBP 100 USD 100 SGD
Retail Clients: 1:20 Wholesale Clients: 1:500
From 0
50.00
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0.01
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FXDD
2.35
Suspicious Clone
Under guarantee
5-10 years
MFSA
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Admiral Markets 、 FXDD BrokersRelevant information

Admiral Markets 、 FXDD BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of admiral-markets, fxdd lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

admiral-markets
Registered in Australia
Regulated by ASIC/FCA/CYSEC
Year(s) of establishment 10-15 years
Trading instruments Forex, Indices, Stocks, Commodities, Bonds, ETFs
Minimum Initial Deposit 1 USD or equivalent
Maximum Leverage 1:10-1:1000 flexible leverage
Minimum spread Forex typical spreads from 0.6 pips (EURUSD)
Trading platform MT4, MT5, Webtrader
Deposit and withdrawal method bank wire, Skrill, Neteller, VISA, MasterCard, cryptocurrencies, Perfect Money
Customer Service Email, phone number, live chat
Fraud Complaints Exposure Yes

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of Admiral Markets

Advantages:

  • Wide range of trading instruments and account types to choose from

  • Flexible maximum leverage options

  • Multiple payment methods available with varying fees

  • Comprehensive educational resources for traders of all levels

  • Customized customer service for different regions and languages

  • Access to various trading platforms including MT4, MT5, and Webtrader

  • A variety of trading tools and features such as negative balance protection and free VPS

Disadvantages:

  • Limited availability in some regions and countries

  • Commission and fee structures can be complex and vary by payment method and account type

  • Limited promotions or bonuses offered for new or existing clients

  • Some account types may require a minimum deposit that could be prohibitive for some traders

  • Limited customer support availability on weekends

What type of broker is Admiral Markets?

Advantages Disadvantages
Admiral Markets offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' trades, Admiral Markets has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

Admiral Markets is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, Admiral Markets acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that Admiral Markets has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with Admiral Markets or any other MM broker.

General information and regulation of Admiral Markets

Admiral Markets is a global online trading provider offering trading services in various financial instruments, including forex, stocks, commodities, and indices. The company was founded in 2001 and is headquartered in Estonia, with offices in various countries around the world. Admiral Markets is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). The company offers a range of trading platforms, account types, and educational resources to its clients.

In the following article, we will analyze the characteristics of this broker in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.

General information

Market instruments

Advantages Disadvantages
Wide range of instruments available including Forex, Indices, Stocks, Commodities, Bonds, and ETFs No cryptocurrencies offered
Opportunity to invest in thousands of shares
Over 370 ETF CFDs available, plus hundreds more through Invest.MT5
Ability to trade both cash CFDs and Index Futures for indices

Admiral Markets offers a wide range of trading instruments across several asset classes, including Forex, indices, stocks, commodities, bonds, and ETFs. With over 80 currency pairs available for trading, traders have access to a competitive selection of Forex instruments. The broker also offers the opportunity to invest in thousands of shares, over 370 ETF CFDs, and a selection of commodity CFDs. Additionally, traders can trade both cash CFDs and Index Futures for indices, and US Treasuries and Germany Bund CFDs are available for bond traders. While the selection of currency pairs is not as extensive as some other brokers, Admiral Markets offers a comprehensive range of instruments that can meet the needs of a diverse range of traders.

Market instruments

Spreads and commissions for trading with Admiral Markets

Advantages Disadvantages
Low spreads on Invest. MT5 and Zero. MT5 accounts Trade. MT5 and MT4 accounts have higher spreads
No commissions on most instruments for Trade. MT5 and MT4 accounts Commissions on Zero. MT5 account are relatively high for Forex & Metals
Low commissions on Single Share & ETF CFDs for Trade. MT5 and MT4 accounts Commissions on Cash Indices and Energies for Zero. MT5 account are relatively high

In terms of spreads, commissions, and other costs, there are some advantages and disadvantages among the different account types offered by the broker. The Invest. MT5 and Zero. MT5 accounts offer the advantage of zero spreads, which can help traders to save on costs. Additionally, the Trade. MT5 and MT4 accounts have low spreads, which are also beneficial for traders. The Trade. MT5 and MT4 accounts also offer low commissions on Single Share & ETF CFDs, which is a plus. However, the commissions on Cash Indices and Energies for the Zero. MT5 account are relatively high, as are the commissions on Forex & Metals for this account type. Additionally, the spreads on Trade. MT5 and MT4 accounts are higher than those on the Invest. MT5 and Zero. MT5 accounts. Overall, traders should consider the spreads, commissions, and other costs when choosing an account type that suits their needs.

Trading accounts available in Admiral Markets

Advantages Disadvantages
Multiple account types to suit different needs Limited trading instruments on some account types
Low minimum deposits for most account types No Islamic account available for Invest.MT5 account
Competitive spreads on some account types No leverage available for Invest.MT5 account
Commission-free trading on some account types Higher commissions on Zero.MT5 account
Negative account balance policy on all account types No Islamic account available on Zero.MT5 account

Admiral Markets offers multiple account types to cater to different traders' needs. The Trade.MT5 account has the most extensive range of trading instruments, including currency pairs, indices, stocks, commodities, ETFs, and bonds, while the Invest.MT5 account focuses on stock and ETF trading with no leverage. The Zero.MT5 and Zero.MT4 accounts offer commission-based trading with low spreads and no commissions, respectively. The accounts' minimum deposits are relatively low, starting at 1 USD for the Invest.MT5 account and 25 USD for the rest. However, some account types have limited trading instruments, and the Zero.MT5 account has higher commissions. Moreover, there are no Islamic accounts available for the Invest.MT5 and Zero.MT5 accounts, while the Invest.MT5 account doesn't offer leverage. Nonetheless, all account types have a negative account balance policy, ensuring traders' maximum loss doesn't exceed their account balance.

Trading accounts available

Trade. MT5 account:

minimum deposit 25 USD or equivalent

trading instruments: Currency pairs - 80 Metal CFDs - 5 Energy CFDs - 3 Agriculture CFDs - 7 Index Futures CFDs - 24 Commodity Futures - 11 Cash Index CFDs - 19 Stock CFDs - over 3350 ETF CFDs - over 300 Bonds CFDs – 2

leverage 1:500 - 1:10

spreads from 0.5 pips

commissions: Single Share & ETF CFDs - from 0.02 USD per share 4, Other instruments - no commissions

Islamic account: yes

Negative Account Balance Policy: yes

Invest. MT5 account:

minimum deposit 1 USD or equivalent

trading instruments: Stocks - over 4500, ETFs - over 400

leverage: no

spreads from 0.0 pips

commissions: Stocks & ETFs - from 0.02 USD per share

Islamic account: no

Negative Account Balance Policy: no

Zero. MT5 account:

minimum deposit 25 USD or equivalent

trading instruments: Currency pairs – 80, Metal CFDs – 3, Cash Index CFDs – 10, Energy CFDs - 3

leverage 1:500 - 1:10

spreads from 0.0 pips

commissions: Forex & Metals - from 1.8 to 3.0 USD per 1.0 lots 3, Cash Indices - from 0.05 to 3.0 USD per 1.0 lots 3, Energies - 1 USD per 1.0 lots

Islamic account: no

Negative Account Balance Policy: yes

Trade. MT4 account:

minimum deposit 25 USD or equivalent

trading instruments: Currency pairs - 37, Metal CFDs - 4, Energy CFDs - 3, Index Futures CFDs - 3, Cash Index CFDs - 16, Stock CFDs - 230, Bonds CFDs - 2,

leverage 1:500 - 1:10

spreads from 0.5 pips

commissions: Single Share & ETF CFDs - from 0.02 USD per share, Other instruments - no commissions

Islamic account: no

Negative Account Balance Policy: yes

Zero. MT4 account:

minimum deposit 25 USD or equivalent

trading instruments: Currency pairs - 45, Metal CFDs - 3, Cash Index CFDs - 10, Energy CFDs - 3

leverage 1:500 - 1:10

spreads from 0.0 pips

commissions: Forex & Metals - from 1.8 to 3.0 USD per 1.0 lots

Cash Indices - from 0.05 to 3.0 USD per 1.0 lots

Energies - 1 USD per 1.0 lots

Islamic account: no

Negative Account Balance Policy: yes

Trading platform(s) that Admiral Markets offers

Advantages Disadvantages
MT4 is widely used and has a vast library of customizable indicators and expert advisors MT4 is a relatively old platform and may not have the latest features of newer platforms
MT5 has advanced features such as more timeframes, pending order types, and hedging capability MT5 is less widely used and has a smaller community of developers and users
Webtrader is a browser-based platform that is accessible from anywhere with an internet connection Webtrader may have limited functionality compared to desktop platforms
Webtrader is compatible with multiple operating systems and devices Webtrader requires a stable and fast internet connection to operate efficiently

Platforms are a crucial dimension to consider when choosing a broker as they provide the interface through which traders can access the financial markets. The available platforms at a broker will determine the functionality, user-friendliness, and compatibility of the trading software used by the traders. The broker offers several platforms including MT4, MT5, and Webtrader.

Trading platform(s)

Maximum leverage of Admiral Markets

Advantages Disadvantages
Higher potential profits with smaller initial investment Higher leverage can also increase potential losses
More trading opportunities with access to larger positions Traders may over-leverage their accounts and increase risk
Flexibility in choosing leverage according to individual risk appetite and trading style Some traders may be restricted from high leverage due to regulatory requirements or broker policies

Admiral Markets offers a flexible maximum leverage ranging from 1:10 to 1:1000, giving traders the freedom to choose the level of leverage that best suits their trading strategy and risk management preferences. Higher leverage can provide more trading opportunities and potential for higher profits with smaller initial investments, but traders must also be aware of the increased risk of losses that comes with higher leverage. It is important for traders to use leverage responsibly and to understand the potential risks involved. Regulatory requirements and broker policies may also limit the amount of leverage that can be used, so traders should always check their local regulations and broker guidelines before trading with high leverage.

maximum leverage

Deposit and Withdrawal: methods and fees

Advantages Disadvantages
Multiple payment methods available including bank wire, Skrill, Neteller, VISA, MasterCard, cryptocurrencies, and Perfect Money Fees and commissions vary depending on the payment method used
Free deposits for some payment methods Withdrawal fees for some payment methods, such as bank wire and VISA/MasterCard after the first free withdrawal request
One free withdrawal request every month for some payment methods Withdrawal fees can be high for some payment methods, such as bank wire and VISA/MasterCard after the first free withdrawal request
Fast and easy deposits and withdrawals for some payment methods, such as cryptocurrencies and e-wallets Some payment methods may not be available in certain countries or regions

Admiral Markets offers a range of payment methods for deposits and withdrawals, including bank wire, e-wallets, credit/debit cards, cryptocurrencies, and Perfect Money. While some payment methods have no deposit fees, withdrawal fees and commissions vary depending on the payment method used. Additionally, withdrawal fees can be high for some payment methods, such as bank wire and VISA/MasterCard after the first free withdrawal request. However, some payment methods offer free withdrawals and one free withdrawal request every month. Overall, Admiral Markets provides flexibility and convenience in its payment methods, with the option to choose a method that suits individual preferences and needs.

deposits and withdrawals

Educational resources in Admiral Markets

Advantages Disadvantages
Access to a variety of educational resources Some educational resources may not be relevant to all traders
Economic calendar helps traders to keep track of significant events in the markets The information in the educational resources may be overwhelming for novice traders
Video tutorials provide step-by-step guidance on how to use trading platforms and tools Educational resources can become outdated quickly, requiring frequent updates
Webinars and seminars offer the opportunity to interact with market experts and learn from their experiences Some educational resources may require payment or a subscription
eBooks provide in-depth knowledge and strategies for traders It can be time-consuming to go through all of the educational resources available
Real-time charts, market news, and research provide up-to-date information on market conditions Over-reliance on educational resources may lead to a lack of independent decision-making by traders.

Admiral Markets offers a comprehensive range of educational resources that can benefit traders at all levels of experience. The educational resources provided by Admiral Markets include an economic calendar, market reports, video tutorials, webinars, seminars, eBooks, glossary, real-time charts, and market news and research. The economic calendar is useful for keeping track of significant events in the markets, while video tutorials provide step-by-step guidance on how to use trading platforms and tools. Webinars and seminars offer the opportunity to interact with market experts and learn from their experiences. eBooks provide in-depth knowledge and strategies for traders. Real-time charts, market news, and research provide up-to-date information on market conditions. You can also visit their official YouTube channel to view more videos. However, it is essential to note that over-reliance on educational resources may lead to a lack of independent decision-making by traders.

educational resources

Customer service of Admiral Markets

Advantages Disadvantages
Multilingual customer support Limited support availability hours
Localized customer support No live chat support available
Phone and email support available No dedicated support for VIP clients
Regional offices for personal assistance No social media customer support available

Admiral Markets provides a comprehensive customer care service to its clients worldwide. Customers can contact the company's multilingual customer support through phone or email in their own native language and get personalized assistance. The company also has regional offices to provide customers with personal assistance. However, the support availability hours are limited, and there is no live chat or social media support available. Also, the company does not offer dedicated support for VIP clients.

customer care service

Conclusion

In conclusion, Admiral Markets is a reputable online trading broker that offers a wide range of financial instruments, platforms, and account types for traders worldwide. With over 19 years of experience in the industry, the company provides a comprehensive set of tools and educational resources to assist traders in making informed investment decisions. The broker's flexible leverage, multiple payment methods, and customized services for various regions are advantages that set it apart from competitors. However, its high commissions on certain account types, limited cryptocurrency offering, and lack of 24/7 customer support may be considered disadvantages. Overall, Admiral Markets is a solid option for traders seeking a well-established and trustworthy broker with extensive offerings and excellent customer service.

Frequently asked questions about Admiral Markets

  • Question: What is Admiral Markets?

  • Answer: Admiral Markets is a financial services company that provides trading and investing services in various financial markets, including Forex, stocks, indices, commodities, and more.

  • Question: Is Admiral Markets a regulated company?

  • Answer: Yes, Admiral Markets is a regulated company. It is authorized and regulated by the Financial Conduct Authority (FCA) in the UK, Australia Securities & Investment Commission (ASIC) in Australia and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus.

  • Question: What trading platforms does Admiral Markets offer?

  • Answer: Admiral Markets offers several trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WebTrader. These platforms are available for desktop, mobile, and web-based trading.

  • Question: What is the minimum deposit required to open an account with Admiral Markets?

  • Answer: The minimum deposit required to open an account with Admiral Markets varies depending on the type of account and can be as low as 1 USD.

  • Question: What instruments can I trade with Admiral Markets?

  • Answer: Admiral Markets offers a wide range of trading instruments, including Forex, stocks, indices, commodities, bonds, and ETFs.

  • Question: Does Admiral Markets offer any educational resources?

  • Answer: Yes, Admiral Markets offers a variety of educational resources, including webinars, video tutorials, eBooks, market analysis, and more, to help traders improve their knowledge and skills.

  • Question: What payment methods does Admiral Markets accept?

  • Answer: Admiral Markets accepts several payment methods, including bank wire, credit/debit cards, Skrill, Neteller, Perfect Money, and cryptocurrencies. The fees and commissions for each payment method may vary.

fxdd

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

FXDD Review Summary in 10 Points
Founded 2002
Registered Country/Region Malta
Regulation MFSA (Suspicious clone)
Market Instruments Forex, Metals, Stocks, Energies, Indices, Stocks and Cryptocurrencies
Demo Account Available
Leverage 1:30/1:100
EUR/USD Spread 1.8 pips
Trading Platforms MT4, MT5, WebTrader and FXDD Mobile
Minimum deposit N/A
Customer Support 24/5 live chat, phone, email

What is FXDD?

FXDD, a trading name of FXDD GLOBAL, is an online trading broker established in Malta in 2002. FXDD is regulated by the Malta Financial Services Authority (MSFA, suspicious clone) (License No. C48817). The broker provides access to various financial instruments, including currencies, commodities, metals, and indices, through multiple trading platforms.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

FXDD's home page

Pros & Cons

Pros Cons
• Multiple trading assets and funding options • Suspicious clone
• MT4 and MT5 supported • Regional restrictions
• 24/5 customer support with multiple contact options • Some negative reviews from clients
• No deposit or withdrawal fees for most methods • Inactivity fee charged after 90 days
• Rich educational resources

Overall, while FXDD offers a range of benefits including a diverse range of trading instruments and various trading platforms, potential users should also consider the reported issues and fees before deciding if FXDD is the right fit for their needs.

FXDD Alternative Brokers

    There are many alternative brokers to FXDD depending on the specific needs and preferences of the trader. Some popular options include:

    • BDSwiss - a reliable and regulated broker with a user-friendly platform and a range of educational resources, but its fees and limited product offerings may not be suitable for all traders.

    • Darwinex - a unique broker that offers a social trading platform and innovative investment opportunities, but its high minimum deposit and limited product range may not be ideal for all traders.

    • Equiti - a well-regulated broker with a strong focus on transparency and client education, offering a variety of trading platforms and a wide range of instruments, but its fees may be higher than some competitors.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is FXDD Safe or Scam?

The presence of a suspicious clone Malta Financial Services Authority (MFSA) license raises concerns about the legitimacy and credibility of FXDD. It also has got many negative reviews from the clients complaining about the platform. It is important for potential clients to conduct their own due diligence and research, as well as consider factors such as regulatory compliance, customer reviews, and transparency before deciding whether to engage with the company.

Market Instruments

FXDD provides investors with access to popular tradable instruments in the financial markets across six asset classes, mainly Forex, Metals, Stocks, Energies, Indices, Stocks and Cryptocurrencies. Traders can access the forex market including majors, minors, and exotics. Metals such as Gold, Silver, and Platinum can be traded as well. Stocks of some of the world's leading companies are also available to trade with FXDD. Energies such as crude oil and natural gas, and Indices including S&P 500 and Nasdaq are also popular tradable instruments offered by FXDD. Lastly, FXDD also offers cryptocurrencies like Bitcoin, Ethereum, and Litecoin. With such a diverse range of instruments, FXDD provides traders with plenty of options to invest in the financial markets.

Accounts

FXDD offers two types of accounts for traders, namely Standard accounts and ECN accounts. The Standard account is suitable for beginners or those who want to trade in smaller amounts. On the other hand, the ECN account is designed for more experienced traders who want to benefit from tighter spreads and faster execution speeds, with the added benefit of no dealing desk intervention. Standard or ECN available on MetaTrader4/5, ECN only on WebTrader. Additionally, FXDD offers a demo account for traders to practice their strategies in a risk-free environment.

Account Types

Leverage

Leverage depends on the instruments traded and is defined by the regulatory restrictions together with the traders level of proficiency. So the available leverage allows to trade with increased level-up to 1:30, yet the professional traders may be entitled to higher leverage of up to 1:100. However, it's important to remember that higher leverage also increases the potential risk, so traders should exercise caution and consider their risk tolerance before using high leverage ratios.

Spreads & Commissions

Spreads and commissions vary depending on the account type and trading instrument. Take EUR/USD pair as an example, the spread is floating around 1.8 pips on the Standard account, while floating around 0.3 pips on the ECN account. There is no commission on the Standard account, while ECN accounts do charge a commission. Specifically, $0.299 per 10,000 for EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, EUR/JPY and GBP/JPY; $0.400 per 10,000 for others.

Standard spreads
ECN spreads

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
FXDD 1.8 pips None
BDSwiss 0.3 pips None
Darwinex 0.5 pips variable
Equiti 0.0 pips $3.50/lot

Note: Spreads can vary depending on market conditions and volatility.

Trading Platforms

FXDD Trading provides traders with access to the popular MetaTrader 4 and MetaTrader 5 trading platforms, which are known for their user-friendly interface and powerful analytical tools. In addition to these market-leading platforms, FXDD also offers its own fully-featured WebTrader platform, which is accessible from any browser without the need to download any software. For traders who prefer to trade on-the-go, FXDD Mobile is a mobile app that is available for both iOS and Android devices, and is specifically designed for advanced traders who require real-time access to their trading accounts.

MT4/5
WebTrader/Mobile App
platform comparision

Overall, FXDD's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker Trading Platforms
FXDD MetaTrader 4, MetaTrader 5, WebTrader, FXDD Mobile
BDSwiss MetaTrader 4, MetaTrader 5, BDSwiss WebTrader
Darwinex MetaTrader 4, MetaTrader 5, cTrader
Equiti MetaTrader 4, MetaTrader 5, WebTrader

Deposits & Withdrawals

FXDD works with numerous means of deposit and withdrawal choices, consisting of Visa, UnionPay, Neteller, Skrill, Bank Wire and TMI Trust Company. Most deposits and withdrawals do not incur any fees, although TMI Trust Company may charge some unspecified deposit and withdrawal fees.

Deposits & Withdrawals

FXDD minimum deposit vs other brokers

FXDD Most other
Minimum Deposit N/A $100

Fees

It is common for brokers to charge an inactivity fee to cover the costs of maintaining an account that is not being used. FXDD also applies an inactivity administrative charge to accounts that are inactive for more than 90 days.

The amount of the fee depends on how long the account has been inactive, $40 for accounts inactive for less than 1year, $50 for accounts inactive for 1-2 years, $60 for accounts inactive for 2-3 years, and $70 for accounts inactive for over 3 years. Traders should keep this in mind when considering opening an account with FXDD and ensure that they maintain regular trading activity to avoid these fees.

See the fee comparison table below:

Broker Deposit Fee Withdrawal Fee Inactivity Fee
FXDD Free Free Yes
BDSwiss Free $5-$10 Yes
Darwinex Free Free No
Equiti Free Free No

Trading Hours

FXDD follows standard trading hours typically Sunday 5 pm to Friday 5 pm (EST). Monthly trading hours may change by instrument and are posted on the latest news section of the brokers website.

Customer Service

FXDDs customer support can be reached 24/5 hours (Sunday 5PM to Friday 4:55PM EST) by live chat, telephone: +1 (212) 720-7200, email: support@fxddtrading.com or request a callback. You can also follow this broker on social networks such as Twitter, Facebook, and YouTube. Company address: FXDD Trading, Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda.

Customer Service

Overall, it appears that FXDD is committed to providing accessible and responsive customer support to its clients.

Pros Cons
• Available 24/5 • No 24/7 customer support
• Multiple contact options
• Active on social media platforms

Note: These pros and cons are subjective and may vary depending on the individual's experience with FXDD's customer service.

Education

FXDD offers a range of educational resources to help traders improve their knowledge and skills. The broker provides daily market analysis and research reports, which can be accessed on their website. They also offer a variety of online tools such as trading calculator, trading guides and VPS. Traders can find a range of account forms, including account applications and funding forms, to make it easy to manage their accounts. Additionally, FXDD provides a comprehensive FAQ section and glossary of financial terms to help traders better understand the markets and trading concepts.

Education

User Exposure on WikiFX

It is not uncommon for trading platforms to encounter technical issues or glitches from time to time, and FXDD is no exception. On our website, you can see that some users have reported many problems with their platform. While there have been some reports of users experiencing problems with the platform, it is difficult to determine the extent of these issues without further information or context. It is always recommended to thoroughly research and review a broker before deciding to invest with them.

You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Conclusion

Taking into account FXDD's trading conditions, customer support, and educational resources, it may be considered a potentially viable option for traders. However, the reports of a suspicious clone license and mixed reviews from clients raise some concerns that should be taken into consideration before making a decision. As with any financial service provider, it is important to do thorough research and due diligence before opening an account.

Frequently Asked Questions (FAQs)

Q 1: Is FXDD regulated?
A 1: No. It has been verified that FXDD holds a suspicious clone Malta Financial Services Authority (MFSA) license.
Q 2: At FXDD, are there any regional restrictions for traders?
A 2: Yes. FXDD does not accept residents of American Samoa, Angola, Belarus, Bermuda, Burundi, Cameroon, Central African Republic, Chad, Congo, Congo, Democratic Republic of Cuba, Equatorial Guinea, Gabon, Iran (Islamic Republic of), Korea (Democratic People's Republic of), Lebanon, Libya, Marshall Islands, Puerto Rico, Russian Federation, Sao Tome and Principe, Sudan, Syrian Arab Republic, United States of America, Venezuela (Bolivarian Republic of), Virgin Islands (U.S.), Yemen, Zimbabwe.
Q 3: Does FXDD offer the industry-standard MT4 & MT5?
A 3: Yes. FXDD supports MT4, MT5, WebTrader, and FXDD Mobile.
Q 4: What is the minimum deposit for FXDD?
A 4: The minimum initial deposit with FXDD is $100.
Q 5: Does FXDD charge a fee?
A 5: Like every forex broker, FXDD charges a fee when you trade - either in the form of a commission fee or spread fee. It also charges an inactivity fee.
Q 6: Is FXDD a good broker for beginners?
A 6: No. FXDD is not a good choice for beginners. Though its trading conditions are advertised well, its MFSA license is a suspicious clone, which means trading with this broker is full of danger.

Are the transaction costs and expenses of admiral-markets, fxdd lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive admiral-markets and fxdd are, we first considered common fees for standard accounts. On admiral-markets, the average spread for the EUR/USD currency pair is From 0 pips, while on fxdd the spread is --.

Which broker between admiral-markets, fxdd is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

admiral-markets is regulated by ASIC,FCA,CYSEC,FSA,BaFin. fxdd is regulated by MFSA.

Which broker between admiral-markets, fxdd provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

admiral-markets provides trading platform including Zero.MT4, Zero.MT5, Trade.MT5,Trade.MT4,Invest.MT5 and trading variety including Currency pairs - 45 Metal CFDs - 3 Cash Index CFDs - 10 Energy CFDs - 3. fxdd provides trading platform including -- and trading variety including --.

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