FXDD Review: is it a good broker for 2025?

FXDD (FXDirectDealer) is an online brokerage firm founded in 2002 in New York by its sister company Tradition. Active in the USA until 2014 when the FXCM brokerage firm acquired the US retail Forex accounts of FXDD.

FXDD is a trading name of the following worldwide entities:

• “FXDD Trading Ltd.” in Canada
• “FXDD Mauritius Ltd.” in Mauritius
• “FXDD Malta” in Malta, which is a brand of Triton Capital Markets Ltd
• “FXDD Labuan” in Labuan, which is a brand of Nukk Trading Limited
• “FXDD Trading SAC” in Peru

FXDD offers CFD (Contract For Difference) trading on Forex (Foreign Exchange) pairs, metals, energies, indices, stocks, and cryptocurrencies. FXDD has evolved into a leading and well-established financial brokerage, renowned worldwide for its fairness and client-first approach, offering diverse account types and trading platforms for all trader levels.

The FXDD brand is composed of a global group of companies available in most countries (specific regional restrictions are in place). This review highlights the FXDD offering and whenever a regional difference occurs it will be promptly stated.

Is FXDD a good broker?

Yes, FXDD is considered a good broker for various trading activities.

FXDD is especially good for beginners, day traders, and scalpers. FXDD offers an unlimited demo account, low minimum deposits, educational resources, and access to MT4 and MT5 platforms.

With 67 Forex pairs and over 110 CFD assets available on metals, energies, indices, stocks, and cryptocurrencies. FXDD charges spreads from 0 pips, a $5.98/lot round-turn commission and fast execution speeds, it caters well to various trading strategies.

Is FXDD good for beginners?

Yes, FXDD is good for beginners.

FXDD offers an unlimited demo account, requires an accessible minimum deposit, and provides a range of educational tools including guides on Forex trading and plenty how-to videos on the FXDD YouTube profile.

Is FXDD good for day trading on Forex and CFDs?

Yes, FXDD is a good broker for day trading on Forex and CFDs.

At FXDD you can find 67 Forex pairs and over 110 CFD assets, including metals, energies, indices, stocks, and cryptocurrencies. Forex spreads are from 0 pips. FXDD also provides access to MT4 and MT5 platforms.

Is FXDD good for scalping?

Yes, FXDD is good for scalping.

The FXDD Premium account features spreads from 0 pips (0.2 pips on average for the EUR/USD Forex pair) and a $5.98/lot round-turn commission. FXDD also guarantees a fast execution speed on trading orders.

Is FXDD good for demo trading?

Yes, FXDD is good for demo trading.

FXDD offers an unlimited demo account with a virtual balance of $100,000 and real-time data. A new demo account must be opened in case you don’t login for over 30 days.

Is FXDD good for long-term investing?

No, FXDD is not good for long-term investing.

FXDD provides only CFDs (Contract For Difference) trading that entails a rollover fee on overnight positions, which are not favourable for long-term investment strategies.

What are the FXDD key features?

The FXDD key features and main characteristics are listed below:

• CFD and Forex trading: FXDD is a CFD broker. Here you can trade around 110 CFDs as Forex, metals, energies, indices, stocks, and cryptocurrencies. Spreads on Forex have an average spread of 0.2 pips on the Premium account.
• Raw spreads: FXDD provides raw spreads from 0 pips and a $5.98/lot round-turn commission on Forex on the Premium account.
• Autochartist: FXDD provides an integration with the Autochartist tools easily accessible from the FXDD Customer Portal.
• VPS hosting: FXDD provides its own VPS (Virtual Private Server) on a monthly subscription to any trader.
• MAM/PAMM account: FXDD supports money management from professional traders allowing complete control over trade allotment.

The major attributes and qualities of FXDD can be found in this table below:

What can’t be done on FXDD?

Some features are unavailable on FXDD and what can’t be done is listed below:

• FXDD doesn’t offer the cTrader platform: Users cannot utilise the cTrader trading platform for their trading activities on FXDD.
• FXDD doesn’t have copy trading: FXDD does not support copy trading, meaning users cannot automatically replicate the positions of other traders.
• FXDD isn’t available in the USA: FXDD does not offer its trading services to individuals residing in the USA.

If you’re looking for one of these features, you might be wanting to look for FXDD alternatives.

What are the FXDD pros and cons?

Pros:

• Raw spreads from 0.2 pips on the Premium account
• FXDD demo account is unlimited
• Leverage up to 1:500 on Forex under FSC and LFSA regulations
• FXDD has over 20 years of the Forex industry experience

Cons:

• No copy and social trading features
• Small range of tradable assets compared to other CFD brokers

Is FXDD regulated?

Yes, FXDD is regulated by MFSA (IS/48817), FSC (C117017252), LFSA (MB/23/0107), FINTRAC (M23303386), and is registered and authorised in Peru.

FXDD is compliant with ESMA regulations, owing to its MFSA licence, and can offer passport services to all EU and EEA countries.

The licenses obtained by the FXDD Group across its various entities from several regulatory bodies around the world can be found in this table below:

Is FXDD legit?

Yes, FXDD is legit and it is not a scam.

Established in 2002, FXDD is a reputable global brokerage firm that specialises in online Forex and CFD trading. Over the years, the FXDD brand is recognized worldwide by traders, taking a leading position in the Forex space.

FXDD has its headquarters situated at Newport tower in Jersey City.

FXDD boasts a global presence with a significant operational footprint across various countries. FXDD maintains offices and holds licences in Malta, Mauritius, Labuan, Canada, and Peru.

Is FXDD safe?

Yes, FXDD is considered safe, even though this is not a guarantee of positive future results. FXDD adheres to strict regulatory standards and financial norms to secure the safety of client funds, as well as the safety of deposits and withdrawals.

FXDD implements various safety measures to ensure the protection of client funds such as utilising segregated bank accounts. FXDD places a high priority on data security, employing encryption for both the transmission and storage of sensitive information. Additionally, FXDD offers advanced and reliable trading platforms, including MetaTrader, known for their technological sophistication and dependability.

Has FXDD won any industry awards?

Yes, FXDD has won numerous awards recognizing its excellence over twenty years of operations.

Recent awards from 2023 include receiving the “Best Customer Service Broker” award at the Forex Traders Summit and the “Best FX Provider MENA” at Dubai Forex Expo.

How does FXDD protect clients’ money?

FXDD ensures the protection of client funds through the use of segregated bank accounts. This approach secures funds in the event of broker insolvency or bankruptcy.

FXDD offers Negative Balance Protection to all clients, even where this is not mandatory by regulatory framework such as the cases of FXDD Mauritius Ltd entity in Mauritius and the FXDD Trading SAC entity in Peru, ensuring that traders can never lose more money than their initial deposit.

In the European Union this level of protection is enhanced by the Investor Compensation Fund (ICF). These provide insurance compensation of up to €20,000 in the EU if the broker is unable to fulfil its financial obligations. Such measures guarantee the security of clients’ investments and significantly reduce the risk of losses beyond their initial investment.

Who is the CEO of FXDD?

The FXDD CEO and founder is Joseph Botkier since 2002.

How to use FXDD?

In order to use FXDD you have to respect the following requirements:

• Be legal of age in your own country.
• Make sure FXDD is allowed in your country.
• Verify your identity.
• Deposit a minimum amount of money.

In Which Countries is FXDD not Available?

FXDD does not accept traders from the following countries listed below:

American Samoa, Angola, Belarus, Bermuda, Burundi, Cameroon, Central African Republic, Chad, Congo, Congo (Democratic Republic of the), Cuba, Equatorial Guinea, Gabon, Iran (Islamic Republic of), Korea (Democratic People’s Republic of), 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

What are the FXDD account base currencies?

The FXDD account base currencies include USD, EUR, GBP, JPY.

The selection of available account base currency may slightly vary depending on your area and the account type selected.

FXDD may charge a currency conversion fee if deposits and withdrawals do not match the account base currency selected. All deposits in local currencies such as PEN (Peruvian sol) and BRL (Brazilian real) are converted via current exchange rates.

What is the FXDD minimum deposit?

The FXDD minimum deposit is $200 for both Standard and Premium accounts. The minimum deposit amount does not change between the FXDD entities.

To fulfil the minimum deposit requirements at FXDD, you can utilise various payment methods, including bank wires, credit/debit cards, e-wallets, and cryptocurrencies (the availability depends on your area and the FXDD entity you are trading with).

Deposits are typically processed quickly and FXDD does not impose any fees for deposits.

The FXDD deposit requirements and features are listed in this table below:

What are the FXDD deposit and withdrawal methods?

FXDD enables deposits and withdrawals through several methods including wire transfer, credit/debit cards (Mastercard and Visa), ewallets (Neteller and Skrill), and cryptocurrencies (Bitcoin and Tether).

The full list of FXDD deposit and withdrawal methods (the availability depends on your area and the FXDD entity you are trading with) are listed below:

• Wire Transfer
• MasterCard
• Visa
• Skrill
• Neteller
• Sticpay
• UnionPay
• Bitwallet
• Bitcoin
• Tether

Keep in mind though, that some of these payment methods may be available only in specific countries or world regions depending also on the FXDD entity.

Additionally, the FXDD withdrawal method must be the same used for depositing funds. This is confirmed in the FXDD website: “All redeemed funds will be returned the way the funds were received”.

FXDD has a minimum withdrawable amount of $100 applicable only for bank wire transfers. Transfers below $100 are subject to a $25 withdrawal fee.

FXDD offers to cover the fees for the first withdrawal made by each client every calendar month. Any subsequent withdrawals from any of the client’s accounts within the same month will incur a charge of $40 per withdrawal.

A further $50 fee may apply for withdrawals less than $7,000 via bank wire. This fee will be deducted from the FXDD account’s available balance. If the account balance can’t cover the fee, then it will be taken from the withdrawal amount.

Are withdrawals secure and fast on FXDD?

FXDD withdrawals are secure, but are considered slow as they may take up to 10 business days for credit/debit cards. Keep in mind also that FXDD processes withdrawal requests in up to 2 business days.

Since your funds are kept in segregated bank accounts, you can safely withdraw your money whenever you want. In order to ensure a smoother withdrawal process, which can make it faster to some extent, make sure your KYC information on FXDD (i.e. your personal information provided) is up to date.

Are there bonuses or promotional offers on FXDD?

No, FXDD doesn’t offer any bonus or promotional offer to its traders. Keep in mind that bonus and promotionals offers may apply only under the regulation of the FSC (Financial Services Commission) in Mauritius, the LFSA (Labuan Financial Services Authority) and in Peru.

Bonuses and promotional offers are strictly forbidden to traders residing in the EU, UK and Australia due to the local regulatory framework.

What are the FXDD account types?

FXDD provides a variety of account types to suit the needs of any trader. Details of all the FXDD account types are shown on the table below.

FXDD Demo Account

The FXDD demo account provides a risk-free opportunity to experience FXDD’s services using virtual funds.

The FXDD demo account functions similarly to a live FXDD account, allowing users to trade and invest across more than 110 assets without financial risk.

The demo account of FXDD is unlimited and comes with $100,000 in virtual money for testing purposes.

To open a demo account you need to provide FXDD with a username, an email address, and a telephone number.

FXDD Standard Account

The FXDD Standard account is available for any client and is built with no trading volume attached.

The FXDD Standard account provides access to all CFDs assets available, with a minimum trading size of 0.01 standard lot (equal to a micro lot) and the full range of account base currency (USD, EUR, GBP, JPY).

The minimum deposit to open a FXDD Standard account is $200 with no differences between the FXDD entities.

The FXDD Standard account charges spreads from 1.8 pips on Forex, which is 80% higher than the industry standard of 1 pip.

The maximum leverage on the FXDD Standard account is up to 1:500 on Forex for traders under the FSC and LFSA regulations and the FXDD Trading SAC entity from Peru (excluding traders from EU, UK, and Australia).

The FXDD Standard account supports the MT4, MT5 and FXDD proprietary trading platforms. Additionally, it’s available as a swap-free option for Islamic traders.

FXDD Premium Account

The FXDD Premium account is available for any client and is built with raw spreads with an attached trading volume commission.

The FXDD Premium account provides access to all CFDs assets available, with a minimum trading size of 0.01 standard lot (equal to a micro lot) and to all account base currency (USD, EUR, GBP, JPY).

The minimum deposit to open a FXDD Premium account is $200 with no differences between the FXDD entities.

The FXDD Premium account charges spreads from 0 pips on Forex and a $5.98/lot per round-turn commission, which is 14.6% lower than the industry standard of $7/lot round-turn commission.

The maximum leverage on the FXDD Standard account is up to 1:500 on Forex for traders under the FSC and LFSA regulations and the FXDD Trading SAC entity from Peru (excluding traders from EU, UK, and Australia).

The FXDD Premium account supports the MT4, MT5 and FXDD proprietary trading platforms. Additionally, it’s available as a swap-free option for Islamic traders.

FXDD Professional Account

The FXDD Professional account is exclusively designed for traders under the regulation of the MFSA (Malta Financial Services Authority) who classify as Professional Clients.

Professional clients on FXDD will lose some retail protection such as the Negative Balance Protection and can also access higher leverage up to 1:100 on Forex.

All the other trading features will not vary and depends on the account type you wish to trade with.

Can I test all FXDD account types on a demo account?

Yes, FXDD provides the option to experiment with a demo account for any available account type at no cost. The FXDD demo account enables you to evaluate your trading strategies using a virtual balance without any risk.

All account types at FXDD offer similarities in trading platforms, the variety of assets available for trading, and the conditions under which trading occurs.

This means you have the opportunity to investigate the various FXDD account types, understand their features and availability, and subsequently initiate a trading account to directly experience the services FXDD offers.

Upon opening the FXDD demo account you can start with a virtual balance of up to $100,000.

What are the fees on FXDD?

The FXDD fees and commissions are listed below:

• Spreads: Spreads on FXDD starts from 0 pips on the Premium account with an average spread of 0.2 pips on the EUR/USD Forex pair.
• Trading volume commissions: FXDD charges a $5.98/lot round-turn commission on the Premium account.
• Conversion fees: FXDD charges currency conversion fees when deposit and withdrawal don’t match the account currency.
• Overnight fees: FXDD charges an overnight fee unless you have an Islamic swap-free account.
• Inactivity fees: FXDD charges an inactivity fee up to $30 (depending on the FXDD entity) after 90 days of no trading activity.
• Premium services: FXDD provides VPS (Virtual Private Servers) with a monthly subscription of up to $85 depending on the VPS package level.

How good are FXDD trading spreads and commissions?

The FXDD average cost per trade is $12.99, calculated as an average across all FXDD account types (29.9% higher than the industry standard average cost of $10), considering a 1 lot volume trade on the EUR/USD Forex pair.

The cheapest account on FXDD is the Premium account with an average cost per trade of $7.98 which is 20.2% cheaper than the industry standard of $10. The FXDD Premium account charges spreads starting from 0 pips with $5.98/lot round-turn commissions (14.6% cheaper than the industry standard commission of 7%) on 1 lot of the EUR/USD Forex pair.

The average cost per trade rises up to $18 in the FXDD Standard account, which is 80% higher than the industry standard of $10. The FXDD Standard account charges spreads starting from 1.8 pips with no trading volume commissions on 1 lot of the EUR/USD Forex pair.

The FXDD trading costs based on each account type available is detailed in the table below:

The FXDD trading spreads and commissions on different markets are resumed in the table below:

What type of broker is FXDD?

FXDD is a CFD (Contract For Difference) broker with execution style based on Market Maker (MM) and STP (Straight Through Process) models.

FXDD offers two execution venues to accommodate various trading needs. Primarily, FXDD acts as the counterparty to client transactions, effectively establishing its own internal market for trades. In certain rare situations, FXDD also serves as an agent, where client transactions are forwarded to other reputable liquidity providers.

How does FXDD make money?

FXDD generates revenue through spreads, trading volume commission, overnight fees, currency conversion fees and additional premium services. FXDD also makes money through B-Book execution policies.

FXDD’s primary revenue streams include spreads across all accounts, starting from 0.3 pips, alongside a round-turn commission of $5.98 per lot on Premium accounts, or from 1.8 pips on Standard accounts. Additionally, FXDD earns from swap fees on positions held overnight.

FXDD also profits from offering premium services, such as VPS hosting, which charges $30/$40/$85 based on the package level, applicable to traders who do not meet the criteria of maintaining a minimum deposit of $2,500 or trading a minimum of 5/7/10 standard lots.

A considerable part of FXDD’s income is derived from B-book execution, where FXDD profits from the counterparty position in losing trades and incurs losses in winning trades.

Since FXDD is not a publicly traded entity, detailed insights into its revenue mechanisms and financial details remain private.

What assets can you trade on FXDD?

On FXDD you can trade over 110 CFD (Contract For Difference) assets in different markets such as Forex, metals, energies, indices, stocks, and cryptocurrencies.

Some assets are unavailable for trading, depending on the FXDD entity. Such is the case of cryptocurrencies available for the FXDD Trading SAC entity in Peru.

Details on how many CFD assets per market you can trade on FXDD are shown in the table below:

What is the maximum leverage available on FXDD?

The maximum leverage available on FXDD is 1:500 under the regulations of the FSC (Financial Services Commission) in Mauritius, the LFSA (Labuan Financial Services Authority) and under the FXDD Trading SAC entity in Peru.

EU, UK, and Australian traders have a maximum leverage capped at 1:30 on FXDD due to ESMA/MiFID II laws.

By qualifying as a professional trader, EU, UK, and Australian traders can access a higher leverage of up to 1:100 on Forex.

The FXDD maximum leverage may slightly differ also depending on the regulatory framework of your country and the FXDD entity you are trading with.

What is the minimum lot sizing available on FXDD?

The minimum lot size available to trade through FXDD is 1 micro lot.

This is equivalent to 0.01 standard lots and signifies that you can start trading with a minimum trade size of $1,000 in cash value.

Can you earn dividends on FXDD?

Yes, you can earn dividends on FXDD indices and stocks CFDs.

FXDD adjusts dividends based on traders’ positions (long or buy) and accordingly credits or debits the trader.

To avoid dividend adjustments close the eligible trading positions before 5PM EST one day before ex-dividend date.

Additionally, FXDD lists upcoming dividend adjustments for the following weeks on its website for all eligible indices and share CFDs.

What are the FXDD liquidity providers?

FXDD’s liquidity providers are not disclosed at the moment.

What platforms does FXDD offer?

FXDD provides different trading platforms enlisted below:

• MetaTrader 4 (MT4), available as webtrader, desktop and mobile.
• MetaTrader 5 (MT5), available as webtrader, desktop and mobile.
• FXDD platform, available as a webtrader and mobile app.

FXDD provides the most common orders for risk management on all trading platforms such as: stop losses, take profit, limit orders, and trailing stops.

Each platform features a comprehensive set of indicators, charting tools, and analytical functions to assist traders in making informed decisions based on technical analysis and fundamental analysis.

How good is FXDD Customer Service?

FXDD offers thorough and effective customer support.

The FXDD website includes a Help Center for quick answers to frequent questions. Additionally, their customer support can be reached through live chat, email, or phone in about 7 languages.

The support team is known for being professional and responsive, typically replying within one business day.

Furthermore, FXDD is active across multiple social media channels, such as Facebook, Instagram, X (formerly Twitter), and YouTube, making it easier for clients to connect with them.

How can you contact FXDD?

If you do need to get in contact with the FXDD support team, you will find them readily available in English through live chat, email, or phone.

Does FXDD have social media channels?

Yes, FXDD has profiles on different social media, such as Facebook, Instagram, X (Twitter), and YouTube.

How many languages are available at FXDD?

The FXDD website caters for about 7 languages available on the website. These languages include English, Spanish, Italian, Chinese, Arabic, Vietnamese, and Japanese.

What are the FXDD market analysis tools?

FXDD offers five main market analysis tools. The FXDD market research tools are listed below:

• Gain FXDD daily FX analysis and insights by TraderMade on Forex market trends and daily movements to inform your trading decisions.
• Stay updated with significant economic events and their market impacts using the FXDD economic calendar.
• Autochartist integration to get automated technical analysis and trading insights in the Forex market.
• Monitor real-time rates for Forex, commodities, metals, indices, energies, stocks, and cryptos with the FXDD custom ticker.
• Plan and analyse trades efficiently with the FXDD Forex calculators for margin requirements, pip values, and profit/loss forecasts.

Does FXDD provide educational tools?

Yes, FXDD provides several educational tools. The educational tools traders can use to keep learning trading with FXDD are included in the list below:

• FXDD blog: Discover expert Forex trading strategies and tips at FXDD, with comprehensive guidance on trading psychology, risk management, and proven strategies, designed to boost the confidence and profitability of traders at any level.
• YouTube: Explore the educational videos on Youtube to get familiar with trading and platforms.

What do users think about FXDD?

 

Trustpilot	4.3/5 (10+ reviews)
Google Play Store	Undisclosed
iOS App Store	5.0/5 (2 reviews)