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.

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.

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.

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.

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.

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.

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.

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.

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.

GMI Review Summary in 10 Points
Founded in	2009
Headquarters	UK
Regulation	FCA
Market Instruments	forex, indices, gold, oil, silver
Demo Account	Available
Social Trading	Yes
Leverage	1:2000
EUR/USD Spread	0.0 pips
Trading Platforms	MT4
Minimum deposit	$15
Customer Support	24/5 email and live chat

What is GMI？

GMI (Global Market Index) is a forex and CFD broker that offers trading services to retail and institutional clients. It was established in 2009 and is headquartered in the United Kingdom with offices in Cyprus and the UAE. The broker is regulated by the Financial Conduct Authority (FCA) in the UK. GMI offers a range of trading instruments, including forex, commodities, indices, and cryptocurrencies. It also provides the popular MetaTrader4 (MT4) platform.

What Type of Broker is GMI？

GMI (Global Market Index) is a forex and CFD (contract for difference) broker, operating as a No Dealing Desk (NDD) broker with Straight Through Processing (STP) and Electronic Communication Network (ECN) execution models.

Pros & Cons

GMI appears to have a number of strengths, including its low minimum deposit requirement, tight spreads, various account types, social trading solution, and competitive leverage. However, a limited range of trading instruments, educational resources, research and analysis tools may concern some traders.

Pros	Cons
• Regulated by FCA	• Limited range of trading instruments
• Wide range of account types	• Inactivity fee after 90 days of inactivity
• Commission-free trading	• Limited educational resources
• Negative balance protection	• Limited research and analysis tools
• Social trading feature supported

Note: The pros and cons listed above are not exhaustive and may vary based on individual preferences and circumstances.

Overall, potential clients of GMI should conduct their own research and carefully consider the advantages and disadvantages before deciding to trade with this broker.

Is GMI Safe？

GMI is a regulated forex broker, licensed by Financial Conduct Authority (FCA), which provides some level of safety and security for traders. However, it is important to note that regulation does not guarantee the complete safety of funds and trading with any broker carries a level of risk. It is important for traders to do their own research and due diligence before deciding to trade with any broker.

How are you protected？

In the table below, these measures show that GMI takes the safety and security of its clients seriously and works to provide a secure trading environment.

Protection Measures	Description
Regulation	FCA
Client Fund Segregation	GMI holds client funds in separate accounts from its operational funds to ensure that they are protected in case of bankruptcy or insolvency
Negative Balance Protection	Clients can not lose more than their account balance
Security Protocols	Protect clients' personal and financial information, including SSL encryption, two-factor authentication, and firewalls
Investor Compensation Fund	Provides up to £85,000 of compensation to eligible clients in case of GMI's insolvency

Our Conclusion on GMI Reliability:

Based on the information available, GMI is regulated by the Financial Conduct Authority (FCA) in the UK, which oversees the company's compliance with financial regulations and standards. The company also claims to implement safety measures, such as negative balance protection and the use of segregated client accounts, to ensure the safety of its clients' funds.

As with any financial services provider, there is always a level of risk involved, and it is essential to do your due diligence and conduct thorough research before choosing a broker.

Market Instruments

GMI offers a variety of trading instruments across different asset classes, including:

• Forex: GMI offers a wide range of forex currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs.

• Indices: GMI offers trading on major stock market indices such as the S&P 500, NASDAQ, and FTSE 100, as well as a range of other international indices.

• Gold: GMI offers spot trading in gold, which allows traders to speculate on the price of the precious metal without taking physical delivery.

• Oil: GMI offers spot trading in oil, including Brent Crude and US Crude.

• Silver: GMI offers spot trading in silver, which is another popular precious metal among traders.

However, other popular asset classes such as stocks and cryptocurrencies seem to be not available. Overall, GMI provides traders with many trading instruments to choose from, enabling them to diversify their portfolios and potentially capitalize on different market conditions.

Account Types

GMI offers four types of live trading accounts: Cent, Standard, Standard Bonus, and ECN accounts.

• Cent Account: This account is ideal for beginner traders who want to start with a small investment. The minimum deposit requirement for this account is just $15.

• Standard Account: This account is suitable for more experienced traders. The minimum deposit requirement for this account is $25.

• Standard Bonus Account: This account is similar to the standard account but comes with an additional bonus on deposits. The minimum deposit requirement for this account is also $25.

• ECN Account: This account is designed for professional traders who want to trade with the lowest spreads possible. It offers raw spreads starting from 0 pips. The minimum deposit requirement for this account is $100.

Risk-free demo accounts and swap-free Islamic accounts are also available at GMI.

Leverage

According to the GMI website, the maximum leverage offered is up to 1:2000. It's important to note that using high leverage comes with higher risks, and traders should always understand the potential risks and manage their trades accordingly.

Spreads & Commissions

GMI offers spreads from 0.0 pips. It's important to note that spreads may vary depending on market conditions and liquidity. Traders may also be subject to additional fees such as swaps and overnight financing charges.

Regarding the commission, it varies depending on the type of account. There is no commission charged on the Cent, Standard, Standard Bonus accounts, while the commission for the ECN account is $4 per lot.

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

Broker	EUR/USD Spread	Commission
GMI	0.0 pips	No ($4 per lot for the ECN account)
XM	0.6 pips	No
FXTM	0.1 pips	No
HotForex	1.2 pips	No
Pepperstone	0.1 pips	AUD $7 per lot (round turn)
IG	0.6 pips	No

Note: Spreads can vary depending on market conditions and volatility. It's always a good idea to check with the broker directly for the latest information on their spreads and commissions.

Trading Platforms

GMI offers its clients the popular MetaTrader 4 trading platform, which is available for Windows, Mac, iOS, Android and Web. The platform includes a variety of tools and features for technical analysis, order management, and customization. It also supports automated trading with the use of Expert Advisors (EAs).

See the trading platform comparison table below:

Broker	Trading Platforms
GMI	MetaTrader4
XM	MetaTrader4, MetaTrader5, XM WebTrader
FXTM	MetaTrader4, MetaTrader5, FXTM Trader
HotForex	MetaTrader4, MetaTrader5, HotForex WebTrader
Pepperstone	MetaTrader4, MetaTrader5, cTrader
IG	MetaTrader4

Note: The information in this table is subject to change and may not be exhaustive. It is recommended to visit each broker's website for the latest information on their trading platforms.

Social Trading

GMI offers social trading features that allow traders to copy the strategies of successful traders. This enables traders to learn from experienced individuals and potentially benefit from their proven track records. GMI's social trading platform promotes knowledge sharing and community-driven trading in a simple and accessible manner.

Deposits & Withdrawals

Users from different countries can fund with different methods. Just take an example of Malaysian users, they can fund their accounts via Local Bank Transfer, Neteller and Skrill.

The minimum deposit is $15 for Local Bank Transfer, and $10 for Neteller and Skrill. The minimum withdrawal is 50 MYR for Local Bank Transfer, and $10 for Neteller and Skrill.

No deposit fees are charged while withdrawal fees vary on the payment method. For example, there is no withdrawal fee for Local Bank Transfer, while a 4% withdrawal fee for Neteller and Skrill.

As for the processing time, all deposits and most withdrawals are instant, while Local Bank Transfer withdrawals may be slower, usually can be processed between 8am to 6pm daily.

GMI Minimum Deposit vs other Brokers

	GMI	Most other
Minimum Deposit	$15	$/€/£100

GMI Money Withdrawal

The process for withdrawing funds from GMI may vary depending on the method used for the deposit. However, in general, you can follow these steps:

Step 1: Log in to your GMI account.

Step 2: Click on the “Withdrawal” option in the menu.

Step 3: Select the preferred withdrawal method from the available options.

Step 4: Fill out the withdrawal form with the required details.

Step 5: Submit the withdrawal request.

GMI may require additional verification documents before processing the withdrawal request. The time it takes for the withdrawal to be processed and the funds to be received may also depend on the chosen withdrawal method.

Fees

GMI charges various fees to its clients, including:

• Overnight Financing: GMI also charges an overnight financing fee on positions held overnight. This fee varies based on the instrument traded, the account type, and the prevailing interest rates in the market.

• Inactivity Fee: GMI charges an inactivity fee of $50 per quarter for accounts that have been inactive for more than 90 days.

• Other Fees: GMI may charge other fees related to account maintenance, data feeds, and other services. These fees are disclosed in the account agreement and may vary depending on the client's location and account type.

It's always recommended to review the complete fee schedule and terms and conditions on the broker's website or by contacting their customer support team.

See the fee comparison table below:

Broker	Deposit Fee	Withdrawal Fee	Inactivity Fee
GMI	Free	Free	$50/quarter if no activity for 90 days
XM	Free	Free	$15/month after one year of inactivity
FXTM	Free	Free (except bank wire)	$5/month after six months of inactivity
HotForex	Free	Free (except bank wire)	$5/month after six months of inactivity
Pepperstone	Free (except credit card)	Free (except bank wire)	$0 after 12 months of inactivity
IG	Free (except bank transfer)	Free	$18/month after two years of inactivity

Please note that fees may vary based on account type, payment method, and other factors. It's important to check with each broker directly for the most up-to-date and accurate fee information.

Customer Service

GMI provides customer support to its clients through various channels, including email and live chat. Customer service is available 24/5, which means that traders can get in touch with the company's representatives during business days. GMI's customer support team is multilingual, which is helpful for clients who speak languages other than English.

You can also fill in the online contact form to get in touch with GMI. However, the availability and quality of customer support may vary depending on the specific region and the volume of inquiries.

Pros	Cons
• 24/5 customer support via phone, email, chat	• No 24/7 customer support
• Personal account managers	• No physical offices in some regions
• Multilingual support	• No social media support
• Quick response time

Note: Pros and cons may vary based on individual experiences and opinions.

Conclusion

Based on the analysis of GMI, it is a regulated and reputable broker that offers the low minimum deposit requirement, competitive spreads and commissions, and a choice of different account types, as well as good customer support.

One potential downside of GMI is its limited range of trading instruments and educational resources. Additionally, it offers only one trading platform-MetaTrader4. MetaTrader5 is not available.

Overall, GMI is a solid option for traders who prioritize MT4, demo trading and competitive pricing.

Frequently Asked Questions (FAQs)

Q 1:	Is GMI regulated？
A 1:	Yes. GMI is regulated by Financial Conduct Authority - FCA.

Q 2:	Does GMI offer demo accounts？
A 2:	Yes. GMI offers demo accounts with $10,000 virtual capital.

Q 3:	Does GMI offer industry-standard MT4 & MT5？
A 3:	Yes. GMI supports MT4.

Q 4:	What is the minimum deposit for GMI？
A 4:	The minimum initial deposit at GMI to open a Cent account is just $15.

Q 5:	Is GMI a good broker for beginners？
A 5:	Yes. GMI is a good choice for beginners because it offers a wide variety of trading assets with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.