Starting the story about FXDD , it should be noted that the regulator of this legal entity is MFSA (Malta). The value set for the minimum deposit corresponds to USD 250. The company operates on the NDD, ECN system, which means:
- No dealing with FXDD.
- Output of client orders to the international currency market.
Does FXDD promise much to its clients?
Let’s take a look at some interesting points. For example, it is possible to use several types of accounts:
- Demo . Has a time limit. In the reviews written about FXDD, this point is viewed by service consumers exclusively in a negative way.
- Standard – offers traditional terms.
- ECN . Assumes saving on spreads, but paying for the opportunity to access specialized sites.
- Segregated – designed to keep client money separate from FXDD’s finances.
The financial company was founded in 2002. It has an international status. Country of registration – USA. The broker is headquartered in New York, so the firm has the right to provide services in the United States, in accordance with the law.
The general list of available FXDD broker programs includes:
- Work in the currency market (Forex).
- Interaction with CFD – contracts for difference provided in relation to commodity assets, precious metals, company shares. < / li>
- PAMM accounts – you entrust your funds to a professional trader to generate profits without your participation. You have to pay for management work out of your own pocket.
- The AUTOCHARTIST program is allowed to copy trades in automatic mode.
- Binary options trading. At FXDD on the official website, you can earn money using more than 120 assets, without any restrictions on tactics. However, scalping is prohibited and must be taken into account.
- Through Metatrader 5 and 4 terminals, you can work with currency pairs and contracts for difference. But be prepared for limitations. For example, the leverage can reach a value of no more than 1: 100 at the upper limit.
Disadvantages of cooperation. Negative FXDD reviews
Of the points requiring improvement, it can be noted:
- Absence of the Russian language – on the website, main pages, in the personal account. Technical support representatives also do not respond in Russian. You can probably guess what reviews about FXDD may be written by Russian-speaking users.
- It may be difficult to open an account due to the verification procedure. In particular, the provision of personal data in the form of scanned copies is required. Sometimes it is necessary to send a paper application to the registered address of the company.
There is an affiliate program, but it requires a lot of time, effort or money, or a combination of these resources. There are not many analysts. A variety of services are provided for every day. There is a news feed. The minimum trade size is very large – 1 lot.
Traders complain that FXDD does not withdraw funds – neither on time nor on expiration. Signals are unprofitable, technical problems arise, and non-market quotes appear more and more often.
There are significantly fewer positive comments, but they are there. The broker is praised for a wide range of trading instruments, resolving reverse transactions, and quickly resolving problems. Also – for the possibility of generating earnings and withdrawing profits, high-quality signals from analysts.
It is difficult to figure out where the reviews are real and where they are ordered. A trader can only take note of the information received and try to insure himself against various financial risks.
