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Do you want to know which is the better broker between XTB and FXDD ?
In the table below, you can compare the features of XTB , FXDD side by side to determine the best fit for your needs.
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 xtb, 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:
Registered in | UK |
Regulated by | CYSEC, CNMV and FCA |
Year(s) of establishment | 10-15 years |
Trading instruments | Forex pairs, indices, commodities, stocks, ETFs |
Minimum Initial Deposit | $0 |
Maximum Leverage | 1:30 |
Minimum spread | 0.35 pips onwards |
Trading platform | x Station 5 and x Station Mobile trading platforms |
Deposit and withdrawal method | bank transfers, credit cards and Skrill |
Customer Service | Email/phone number/address |
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:
XTB is regulated by top-tier authorities such as CYSEC, CNMV and FCA, which ensures the safety of client funds and compliance with industry standards.
Clients can enjoy commission-free trading with spreads as low as 0.25 pips, making it a cost-effective option for forex traders.
The xStation 5 and xStation Mobile platforms provide a user-friendly and advanced trading experience, with multiple technical analysis tools and charting options.
A wide range of educational resources is available, such as market news, sentiment indicators, and eBooks, making it ideal for beginner traders who want to improve their trading skills.
Cons:
XTB only offers a standard account type, with no information provided about the minimum deposit required to open an account.
The maximum leverage offered is only up to 1:30, which may not be ideal for high-risk traders who want to take larger positions in the market.
Withdrawals of less than 100 USD, 80 EUR, 60 GBP or 12000 HUF will be charged a high fee, which can be a disadvantage for clients with smaller accounts.
Customer support is not available 24/7 and is only offered in a limited number of languages.
Advantages | Disadvantages |
XTB offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' trades, XTB has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients. |
XTB 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, XTB 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 XTB 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 XTB or any other MM broker.
XTB is a UK registered online forex and CFD broker that is regulated by the FCA, CYSEC, and CNMV. The company offers trading in a range of financial instruments including forex pairs, indices, commodities, stocks, and ETFs. XTB provides its clients with advanced trading platforms, educational resources, and a variety of payment methods. The broker also offers competitive spreads with zero commissions and has a maximum leverage of 1:30.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Advantages | Disadvantages |
Wide range of tradable assets | Limited selection of cryptocurrencies |
Opportunity to diversify | Some instruments may have low liquidity |
Access to multiple markets | Not all assets may be available in all regions |
XTB offers a diverse range of instruments for traders to choose from, including forex pairs, indices, commodities, stocks, and ETFs. This presents a great opportunity for traders to diversify their portfolio and access multiple markets all within one platform. The wide selection of tradable assets ensures that there are plenty of options available for traders with varying strategies and preferences. However, it's important to note that some of the instruments may have low liquidity and there is a limited selection of cryptocurrencies available. Additionally, not all of the assets may be available in all regions, which could limit access for some traders. Overall, XTB's instrument dimension provides traders with a comprehensive selection of tradable assets, but it's important to research each asset's liquidity and availability before trading.
Advantages | Disadvantages |
Zero commission | |
Competitive spreads starting from 0.25 pips | |
No hidden fees or additional charges |
XTB offers a single account type with zero commission and competitive spreads starting from 0.25 pips, making it an attractive option for traders looking for low trading costs. There are no hidden fees or additional charges, providing transparency and ease of understanding for traders.
Advantages | Disadvantages |
No commission | Only one account type |
Low spreads | Minimum deposit not revealed |
Wide range of trading instruments |
XTB offers only one standard account type, which doesn't charge any commission and offers competitive spreads from 0.35 pips. This account type also provides access to a wide range of trading instruments, including forex pairs, indices, commodities, stocks, and ETFs. However, the minimum deposit requirement for this account type is not revealed, which can be a disadvantage for traders who are looking for transparency in terms of account funding. Additionally, the lack of account type options might not suit the needs of more advanced traders who require different trading conditions or access to additional features. Overall, the account type provided by XTB has its benefits in terms of low costs and diverse trading instruments, but it might not be suitable for all types of traders.
Advantages | Disadvantages |
Advanced charting tools | Limited platform options |
Customizable interface | Limited mobile app features |
Fast execution speed | No third-party platform support |
One-click trading |
X-Trade Brokers (XTB) provides its clients with two main trading platforms - xStation 5 and xStation Mobile. xStation 5 is a highly advanced platform with a customizable interface and advanced charting tools. The platform also offers fast execution speeds and one-click trading functionality. On the other hand, the xStation Mobile platform offers limited features compared to the desktop version. The mobile platform lacks advanced charting tools and other important features, limiting its functionality for traders who prefer to trade on-the-go. Additionally, XTB only offers its proprietary platforms and does not support any third-party trading platforms, which could be a disadvantage for some traders.
You can watch their video tutorial about this platform on their official YouTube channel.
Advantages | Disadvantages |
Allows for greater market exposure with a smaller initial investment | High leverage can lead to substantial losses if not managed properly |
Provides potential for higher returns | Trading with high leverage increases the risk of margin calls |
Enables traders to diversify their portfolio | Not suitable for all types of traders, especially beginners |
Allows for more flexibility in trading strategies | May require higher margin requirements and affect trading profitability |
XTB offers a maximum leverage of up to 1:30 which is a standard leverage amount in the industry, especially in the European Union. The maximum leverage allows traders to increase their market exposure with a smaller initial investment and has the potential to generate higher returns. However, traders need to be aware that high leverage also carries a higher risk of substantial losses, and should only be used by experienced traders who have a good understanding of risk management strategies. Moreover, it may not be suitable for all types of traders, especially beginners who may find it difficult to manage the increased risk. Overall, the maximum leverage offered by XTB can be beneficial for traders who have experience in managing risk and are comfortable with high leverage trading.
Advantages | Disadvantages |
Multiple deposit methods | High fee for withdrawals smaller than specified limit |
No fees for deposits | Limited number of withdrawal methods |
Fast deposit processing | Withdrawals may take up to 3 business days |
Secure transactions | Minimum deposit amount not disclosed |
No hidden charges |
XTB offers a range of deposit methods including bank transfers, credit cards and Skrill. They do not charge any fees for deposits and process them quickly. However, withdrawals smaller than 100USD, 80 EUR, 60 GBP or 12000 HUF will be charged a high fee of around 20USD/16EUR/12GBP. The number of withdrawal methods is limited, and withdrawals may take up to 3 business days. XTB ensures secure transactions and does not have any hidden charges. However, the minimum deposit amount is not disclosed.
Advantages | Disadvantages |
Wide range of educational resources including economic calendar, market news, articles, eBooks, and more | Some resources may be basic and not useful for experienced traders |
Free to access | Limited interaction and personalization with educational resources |
Provides opportunities for traders to improve their trading skills and knowledge | No structured or formal education programs offered |
Regularly updated with the latest market news and analysis | No physical or in-person educational events or seminars offered |
Offers a demo account for traders to practice their skills and strategies before trading with real money |
XTB provides a wide range of educational resources for traders to improve their trading skills and knowledge. These resources include an economic calendar, market news, market sentiment, articles, eBooks, and more. These resources are free to access and provide opportunities for traders to improve their trading strategies and knowledge. The platform also offers a demo account for traders to practice their skills and strategies before trading with real money. While some resources may be basic and not useful for experienced traders, XTB regularly updates their resources with the latest market news and analysis. However, there are no structured or formal education programs or physical/in-person events or seminars offered, and there is limited interaction and personalization with educational resources.
Advantages | Disadvantages |
24/5 customer support | No 24/7 customer support |
Multiple contact options | |
Dedicated account opening line | No live chat support |
UK and Poland-based offices |
XTB offers multiple customer support options, including 24/5 customer service through their UK and Poland-based offices. Clients can reach XTB's customer support team through various contact methods such as email, phone, and online messaging. Additionally, the company provides dedicated account opening lines for new clients. However, it is important to note that XTB does not offer 24/7 customer support, and phone support may be limited. Moreover, the company does not offer live chat support and email support may also be limited.
Overall, XTB is a well-regulated and reputable forex broker with several years of experience in the industry. The company offers a wide range of tradable assets, competitive spreads, and a user-friendly trading platform with advanced features. The educational resources provided by XTB are also a valuable asset for both novice and experienced traders. However, the limited account options and high withdrawal fees for small amounts may be a disadvantage for some traders. The customer support offered by XTB is efficient and available 24/5, and the company has a physical presence in several locations around the world. The maximum leverage offered by XTB is limited to 1:30, which may not be suitable for some high-risk traders. Overall, XTB is a solid choice for traders looking for a regulated and reliable forex broker.
What are the trading instruments available at XTB?
Answer: XTB offers forex pairs, indices, commodities, stocks, and ETFs.
What type of account is available at XTB?
Answer: XTB only offers a standard account with a minimum deposit not revealed.
What is the maximum leverage offered by XTB?
Answer: XTB offers a maximum leverage of up to 1:30.
What are the deposit and withdrawal methods available at XTB?
Answer: XTB offers bank transfers, credit cards, and Skrill for deposits and withdrawals.
What are the fees associated with withdrawals at XTB?
Answer: Withdrawals smaller than 100 USD, 80 EUR, 60 GBP, or 12000 HUF will be charged a high fee of around 20 USD/16 EUR/12 GBP.
What trading platforms are available at XTB?
Answer: XTB offers the x Station 5 and x Station Mobile trading platforms.
What educational resources are available at XTB?
Answer: XTB provides a series of educational resources such as economic calendar, market news, market sentiment, articles, eBooks, and more.
Is XTB regulated?
Answer: XTB is under multiple regulation, including CYSEC, FCA, and CNMV.
Does XTB offer a demo account?
Answer: Yes, XTB offers demo accounts.
Does XTB charges commission?
Answer: No, XTB provides a commission-free trading.
What is the minimum deposit for XTB?
Answer: XTB requires $250 for clients t trade with it.
What is the difference between a demo and a live trading account?
Answer: A demo account is an account funded with virtual money that allows for risk-free trading while a live trading account requires actual capital.
What is the overall rating for XTB ?
Answer: The overall rating for XTB is 6.63/10 based on its Regulatory index, Risk Management index, Software index, Business index, License Index.
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.
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 |
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 |
• 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.
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.
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.
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.
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 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 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.
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 |
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 | Most other | |
Minimum Deposit | N/A | $100 |
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 |
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.
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.
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.
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.
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.
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. |
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 xtb and fxdd are, we first considered common fees for standard accounts. On xtb, the average spread for the EUR/USD currency pair is from 0.35 pips, while on fxdd the spread is --.
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.
xtb is regulated by CYSEC,FCA,CNMV. fxdd is regulated by MFSA.
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.
xtb provides trading platform including STANDARD and trading variety including Forex, Commodities, Indices, Stock CFDs, ETF CFDs. fxdd provides trading platform including -- and trading variety including --.