FXDD Trading

Overview of FXDD Trading

FXDD Trading offers a range of market instruments, including forex pairs, metals, energies, indices, cryptocurrencies, and stocks, providing traders with diverse trading opportunities. The platform offers two account types: Standard Account, which provides low spreads with no commissions, and ECN Account, which offers ultra-low spreads but involves small commission costs. Traders can access multiple deposit and withdrawal options with varying processing times and no specified minimum or maximum amounts. The platform operates under the MetaTrader 4 and MetaTrader 5 systems, providing traders with a robust trading experience on various devices. FXDD also offers educational tools, including daily analysis, technical and fundamental analysis from Trading Central, a trading calculator, MetaTrader 4 VPS Hosting, an economic calendar, and access to 1-Minute Data for backtesting and analysis.

However, one significant drawback of FXDD Trading is the lack of regulatory assurance, which may raise concerns for potential traders. It is crucial for traders to exercise caution and conduct thorough research before engaging in any trading activities on platforms without proper regulatory oversight.

Pros and Cons

FXDD Trading offers a variety of advantages and disadvantages for traders. On the positive side, the platform provides a diverse range of market instruments, allowing traders to access forex pairs, metals, energies, indices, cryptocurrencies, and stocks. Additionally, traders can choose between MetaTrader 4 and MetaTrader 5 platforms, both renowned for their features and functionalities. The availability of multiple deposit and withdrawal options, along with maximum leverage of 1:500, enables greater control over positions and enhances the trading experience. Moreover, the platform offers educational tools like the Trading Calculator and MetaTrader 4 VPS Hosting, ensuring traders have valuable resources at their disposal. However, potential traders must be cautious about the lack of proper regulatory oversight, as FXDD Trading operates without regulation. Additionally, ECN account holders may face potential commission fees, and dormant accounts may incur inactivity fees. While the platform offers competitive spreads, customer support is limited on weekends. Traders should also be aware of the risks associated with high leverage and the limited availability of 1-minute data. Overall, FXDD Trading presents various opportunities and challenges, and traders must exercise prudence and perform thorough research before engaging in trading activities.

Is FXDD Trading Legit？

FXDD Trading, unfortunately, lacks the assurance of regulation. As potential traders, it's essential to be cautious when dealing with entities that lack proper regulatory oversight. It's crucial to prioritize the safety of your investments and seek out platforms that operate under the supervision of reputable financial authorities. Conduct thorough research and due diligence before engaging in any trading activities to safeguard your interests.

Market Instruments

Market Instruments of FXDD Trading are available in various categories, offering a diverse range of trading opportunities:

1. Forex Pairs: FXDD Trading provides access to 67 forex pairs, allowing traders to engage in the world's largest market. Examples of forex pairs include USD/JPY, EUR/USD, GBP/USD, USD/CHF, USD/CAD, AUD/USD, NZD/USD, and more.

2. Metals: Traders can add precious metals to their portfolio, which can be particularly appealing given the current economic climate. Available metals include Gold (USD and EUR terms), Silver (USD and EUR terms), Copper, Platinum, and Palladium.

3. Energies: FXDD offers the opportunity to trade in the energy market, where oil prices have shown significant volatility in recent years. Available energy assets are Brent Oil and Natural Gas.

4. Indices: Major global indices are accessible for trading, offering leveraged plays in world markets. Examples of available indices include ESP.35, GER.30, FRA.40, UK.100, AUS200, JPN225, HKG.33, USA.30, NAS100, and SPX500.

5. Cryptocurrencies: FXDD enables cryptocurrency trading on platforms like MT4, MT5, and WebTrader. Traders can trade Bitcoin, Litecoin, and Ethereum 24/5 using a single account and margin.

6. Stocks: A curated selection of major stocks is available, providing traders access to companies like Apple, Facebook, Amazon, Tesla, Google (GOOGL), Alibaba (BABA), Twitter (TWTR), and more.

Account Types

Standard Account:

FXDD Trading offers a Standard Pricing option that caters to self-directed traders seeking low spreads without any commissions. This account type guarantees zero slippage on entry orders and implements a fill-or-kill execution policy with no partial fills. Traders can benefit from price improvements on limit orders, enhancing their overall trading experience.

ECN Account:

For those who prefer ultra-low, direct raw spreads, FXDD Trading provides the ECN Pricing account. This type of account operates without any markups and entails a small commission cost per trade. The ECN account is particularly suitable for traders looking for high-speed execution and a fill rate of over 99%. Moreover, price improvements are also available on limit orders with no partial fills.

Both Standard and ECN accounts are accessible on the MetaTrader platform, while the ECN account can exclusively be accessed on WebTrader. Additionally, the commission list for the ECN account varies based on the trading volume and includes different rates for various currency pairs, such as EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, EUR/JPY, GBP/JPY, and all others.

FXDD Trading also provides a demo account option, allowing users to practice and familiarize themselves with the platform and trading strategies without using real money. Demo accounts offer virtual play money for practice trading with a minimum initial deposit of $3,000 or a chosen amount, not involving real money.

Furthermore, FXDD Trading offers micro lot trading for accounts with equity below 5,000 USD, allowing trading in increments of 1,000 base currency units.

Leverage

FXDD Trading offers a maximum leverage of 1:500 for all its trading platforms. This leverage allows traders to control larger positions with a relatively smaller amount of capital. However, it's essential for traders to exercise caution and fully understand the risks associated with high leverage, as it can magnify both profits and losses.

Spreads & Commissions

FXDD Trading does not charge commissions on trades made by self-directed clients with standard pricing. However, accounts using ECN pricing will incur commissions. Additionally, for managed accounts or those registered through an Introducing Broker (IB), the IB or money manager may impose commission fees. The average spread for USD/JPY across all pricing types is 0.2 pips.

Fees

At FXDD Trading, there is no charge for incoming wire deposits. However, for withdrawals, the first redemption per client each calendar month is covered by FXDD. Subsequent redemptions within the same month will incur a $40 fee per redemption. The minimum redemption amount for wires is $100, and an additional $25 fee will be charged for amounts below $100. Inactive accounts will be subject to a dormant account administrative fee based on the duration of inactivity: less than 1 year - $40, 1 to 2 years - $50, 2 to 3 years - $60, over 3 years - $70. To avoid fees, it's recommended to use an alternate payment processor. For further inquiries, contact support@fxddtrading.com.

Deposit & Withdrawal

FXDD Trading offers multiple deposit and withdrawal options to cater to various preferences. Deposits can be made via the Customer Portal using Credit Card (SafeCharge) with accepted currencies including USD, JPY, EUR, and GBP. The processing time for deposits is 1 business day. UnionPay is also accepted with CNY as the currency, and deposits take 2-5 business days to process. Neteller and Skrill are additional options, accepting USD, JPY, EUR, and GBP, with processing times for both deposits and withdrawals being 1 business day. Bank Wire is accepted in USD, with processing times of 3-5 business days for both deposits and withdrawals. For custodial accounts through TMI Trust Company, only USD is accepted, and processing times are available upon contacting support. There are no fees for deposits or withdrawals, and no specified minimum or maximum amounts for any of the deposit or withdrawal methods. However, it's important to note that inactivity fees may be applied to accounts inactive for more than 90 days, with varying amounts based on the duration of inactivity.

Trading Platforms

META TRADER 4

FXDD Trading offers the widely recognized MetaTrader 4 platform, favored by both manual and automated traders in the forex market. The platform boasts robust charting capabilities and a diverse range of trader tools. Traders can access a variety of financial instruments, including forex, stocks, indices, and commodities. The platform supports Expert Advisors, offers leverage options ranging from 1:1 to 1:500, and is compatible with Windows, Mac, Web, and FXDD Mobile. Additionally, instant orders with “Fill or Kill” execution are available, and traders can request higher leverage subject to approval.

META TRADER 5

FXDD Trading also offers the advanced MetaTrader 5 platform, catering to multi-asset traders with its comprehensive features. Traders can benefit from enhanced graphical charting tools, a compelling strategy tester, and a range of pending order types. Economic events can be directly viewed on charts, and the platform includes a built-in marketplace for additional trading resources. The upgraded Strategy Tester allows users to test their trading ideas. MetaTrader 5 is accessible on various devices, such as desktop (MT5 Desktop), Mac, and Android (MetaTrader 5 Mobile). Furthermore, traders have the option to access the markets through their web browser using MetaTrader 5 Web Trading. FXDD's commitment to this platform has been recognized, as it was named “Best MT5 Broker” from 2015 to 2017.

FXDD Mobile

FXDD Mobile is another option, allowing traders to stay connected while on the move. It offers a clean and easy-to-use interface, fast response times, and integrated localization. The platform includes access to analyst views from Trading Central and various global news sources, making it a comprehensive tool.

WebTrader

WebTrader is a proprietary web-based platform that provides easy access at any time and from anywhere. It offers robust charting features and is available with both ECN and Standard pricing options. Traders can access a wide range of instruments, including forex, stocks, indices, and commodities, and leverage from 1:1 to 1:500. It provides a user-friendly interface and is compatible with Windows, Mac, iOS, and Android devices.

Educational Tools

Daily Analysis:

FXDD Trading provides daily analysis in the form of FX Strategy updates. These reports cover the performance of various currency pairs in the G10 FX Market, highlighting the top gainers and losers against the dollar. Additionally, they offer insights into Asian and European equities, as well as Energy space, particularly oil futures. Traders can access this valuable information to stay informed about market movements and make well-informed trading decisions.

FXDD Partners with Trading Central:

FXDD has collaborated with Trading Central to offer its clients quality technical and fundamental analysis. Traders can access powerful analysis through the client portal or by downloading the MT4 indicator plugin. The partnership includes various features, such as automated chart pattern recognition software, daily fundamental analysis by market experts, 24/7 market coverage in multiple languages, webcast analysis, expert analyst views, and daily newsletters. These tools empower traders with valuable insights and trading plans.

Trading Calculator:

FXDD Trading provides a comprehensive Trading Calculator that includes various functionalities such as Pip calculator, Margin calculator, Position Size calculator, Pivot Point calculator, Fibonacci calculator, Profit calculator, and Spread Cost calculator.

MetaTrader 4 VPS Hosting:

FXDD offers MetaTrader 4 VPS Hosting, a service that ensures traders' platforms are always accessible and operational, even when their computers are turned off. The VPS system securely stores trading information within FXDD's computing infrastructure, providing traders with a lightweight platform loaded with features. Additionally, traders can access their platforms from any computer without the need for downloads/

Economic Calendar:

FXDD Trading provides an Economic Calendar to keep traders updated on significant economic events and indicators that could impact the financial markets. This calendar helps traders plan their trading strategies around critical announcements, enabling them to stay ahead of market movements and potential volatility.

Metatrader 1-Minute Data:

FXDD offers 1-Minute Data for various currency pairs, such as AUD/CAD, EUR/CAD, and GBP/USD, which can be installed in the MetaTrader platform. Traders can utilize this historical data to analyze price movements, backtest trading strategies, and gain insights into market behavior over specific time frames.

Trading Hours

FXDD Trading operates from Sunday 5:00 PM to Friday 5:00 PM (US EST).

Customer Support

FXDD Trading is available 24 hours a day from Sunday 5 PM to Friday 4:55 PM EST, and traders can reach them via phone at +1 (212) 720-7200 or email at support@fxddtrading.com. The physical address is 525 Washington Blvd, Jersey City, NJ 07310, and the registered address is FXDD Trading LTD, Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. For trading inquiries, traders can email sales@fxddtrading.com, providing their full name, account number, order number, and inquiry details. They also have a “Contact Us” form on their website for quick responses and can be found on social media platforms like Facebook, Twitter, and YouTube.

Conclusion

In conclusion, FXDD Trading presents both advantages and disadvantages that potential traders should consider. On the positive side, the platform offers a diverse range of trading instruments, including forex pairs, metals, energies, indices, cryptocurrencies, and stocks. It provides two types of accounts, Standard and ECN, each catering to different trading preferences. The MetaTrader 4 and MetaTrader 5 platforms, along with FXDD Mobile and WebTrader, offer comprehensive trading experiences with various tools and features. The platform also offers valuable educational tools, such as daily analysis, collaboration with Trading Central for technical and fundamental analysis, a trading calculator, VPS hosting, an economic calendar, and 1-minute data for analysis. However, one significant drawback is the lack of regulatory assurance, which may raise concerns for traders regarding the safety of their investments. Before engaging with FXDD Trading, it is crucial for potential traders to conduct thorough research and due diligence to safeguard their interests.

FAQs

Q: Is FXDD Trading regulated？

A: FXDD Trading lacks regulatory assurance, so caution is advised when dealing with them. Prioritize platforms supervised by reputable financial authorities.

Q: What instruments are available on FXDD Trading？

A: FXDD Trading offers a diverse range of instruments, including forex pairs, metals, energies, indices, cryptocurrencies, and stocks.

Q: What are the account types offered by FXDD Trading？

A: FXDD Trading provides Standard and ECN accounts on MetaTrader, with different features and pricing options.

Q: What is the maximum leverage offered by FXDD Trading？

A: FXDD Trading offers a maximum leverage of 1:500 for all its trading platforms.

Q: Does FXDD Trading charge commissions？

A: FXDD Trading does not charge commissions on trades made with standard pricing but may charge commissions for ECN accounts.

Q: What are the deposit and withdrawal options at FXDD Trading？

A: FXDD Trading offers multiple deposit and withdrawal options, including credit cards, UnionPay, Neteller, Skrill, and bank wire.

Q: What trading platforms are available at FXDD Trading？

A: FXDD Trading offers MetaTrader 4, MetaTrader 5, FXDD Mobile, and WebTrader platforms.

Q: Does FXDD Trading provide educational tools？

A: Yes, FXDD Trading offers daily analysis, collaboration with Trading Central, trading calculators, VPS hosting, economic calendar, and 1-minute data.

Q: What are the trading hours of FXDD Trading？

A: FXDD Trading operates from Sunday 5:00 PM to Friday 5:00 PM (US EST).

Q: How can I contact customer support at FXDD Trading？

A: You can contact FXDD Trading's customer support 24/5 via phone at +1 (212) 720-7200 or email at support@fxddtrading.com. They are also available on social media platforms and have a “Contact Us” form on their website.