Fact checked by Angelo Martins
Human moderated by Jason Peterson
Last updated July, 2024

FXDD Trading Overall rating

4.2
Ranked 48 out of 815 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
User Rating 3
Popularity
4.0
3
Regulation
5.0
2
Pricing rating
4.0
1
Features
Not rated
1
Customer Support
Not rated
1

Pros

  • Well-established broker with over 20 years in business
  • High user rating of 4.2 out of 5 from verified accounts
  • Multiple regulatory licenses including Mauritius FSC and Cyprus CySEC
  • Offers high leverage up to 500:1 for retail clients
  • Wide range of trading platforms including MetaTrader 4 and 5
  • Competitive swap rates with positive swap rates on certain instruments

Cons

  • Higher average forex spreads compared to some market-leading brokers
  • No deposit compensation scheme under some regulatory bodies
  • Not publicly traded and does not provide financials publicly
  • Relatively high commodity spreads
* As of July 5, 2024

We tested FXDD Trading using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

* As of July 5, 2024

FXDD Trading, founded in 2002, is a well-established broker in the forex industry. It is privately owned and not publicly traded, which means it does not provide its financials publicly. Despite this, FXDD Trading has garnered a high user rating of 4.2 out of 5 from 20 verified reviews out of a total of 21 user reviews. The broker ranks 30 out of 815 forex brokers based on user ratings and 50 out of 815 based on our expert's rating, with a popularity rating of 4.0 out of 5.

The broker's website receives an estimated 50,705 organic monthly visits, ranking 187 out of 815 forex brokers for organic traffic. FXDD Trading is regulated by multiple authorities including the Mauritius FSC and Cyprus CySEC, offering a degree of trustworthiness and security for traders. However, it is important to keep in mind that even highly regulated and successful financial firms have failed in the past.

Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
FXDD Mauritius Ltd 500 : 1
Triton Capital Markets Ltd up to €20,000 30 : 1
FXDD Trading Limited
Bermuda
500 : 1

Deposit Insurance

FXDD Trading's regulatory framework includes a deposit compensation scheme under its Cyprus CySEC regulation, which compensates investors if an authorized financial firm fails. However, the broker does not offer such a scheme under its Mauritius FSC and Bermuda registrations.

This means that while traders under the CySEC regulation can have some peace of mind regarding the safety of their deposits, those under the other jurisdictions should consider this aspect carefully when choosing their regulatory environment.

Spreads and Costs

* As of July 5, 2024

When comparing average spreads and costs across asset classes, FXDD Trading shows mixed results. While it offers competitive spreads on certain asset classes, such as commodities, its average forex spreads are higher compared to some market-leading brokers like IC Markets and ThinkMarkets.

Overall, FXDD Trading's spread and cost structure is generally in line with industry standards, but traders might find better rates for specific asset classes with other brokers.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Broker - Account Type Crypto Average Forex Average Indices Average Commodities Average
FXDD Trading – Standard 21.11 3.43 - 0.23
Exness – Standard 22.64 2.22 7.07 0.12
IC Markets – Standard 9.10 1.54 1.12 0.10
ThinkMarkets – Standard 16.89 2.06 1.59 0.14
Admirals – Trade - 2.65 - 0.19
Oanda – Standard - 2.43 - -
Forex.com – Standard - 3.05 - -

Note: Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD). Data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Broker - Account Type BTCUSD ETHUSD EURUSD USDJPY GBPJPY EURGBP AUDNZD CADCHF AUS200 US30 XAUUSD XAGUSD
FXDD Trading – Standard 35.45 6.81 2.02 2.81 4.87 2.32 5.23 3.34 4.41 - 0.39 0.06
Exness – Standard 38.87 6.40 1.29 1.87 3.89 1.98 2.63 1.62 6.41 7.74 0.20 0.05
IC Markets – Standard 15.19 3.00 0.87 1.19 2.16 1.37 2.27 1.38 1.28 0.95 0.17 0.02
ThinkMarkets – Standard 31.92 1.80 1.12 1.32 2.24 1.98 3.67 2.00 1.47 1.71 0.24 0.03
Admirals – Trade - - 0.96 1.53 2.88 1.15 4.17 5.21 3.57 - 0.35 0.03
Oanda – Standard - - 1.46 1.77 3.80 1.36 3.40 2.80 - - - -
Forex.com – Standard - - 1.41 1.71 4.34 1.51 5.23 4.08 - - - -

Swap Rates/Financing Fees

Swap fees, also known as financing fees, are charged when positions are held overnight. Positive swap rates mean that traders earn money, while negative swap rates mean a cost is incurred.

FXDD Trading has competitive swap rates, especially on certain instruments where it offers positive swaps, making it a cost-effective option for long-term traders.

Broker Best Average NZDUSD Swap Short NZDUSD Swap Long USDJPY Swap Short USDJPY Swap Long XAUUSD Swap Short XAUUSD Swap Long
FXDD Trading - -5.82 -3.10 -3.76 -17.10 10.10 18.62 -39.67
Exness - -6.71 -0.09 -0.07 -2.89 0.00 0.00 -37.21
IC Markets Best -2.27 -0.10 -0.14 -2.59 1.25 20.78 -32.84
ThinkMarkets - -3.27 -0.14 -0.14 -2.61 1.08 19.57 -37.37
Admirals - -5.93 - - - - 1.43 -31.59
Oanda - - 0.00 0.00 15.00 0.09 0.00 0.00
Forex.com - - 0.00 0.00 0.00 0.00 - -

Does FXDD Trading Offer Islamic/Swap-free Accounts?

Islamic trading accounts, also known as swap-free accounts, are designed to comply with Sharia law, which prohibits earning interest. These accounts do not charge or pay swap fees on overnight positions, making them suitable for Muslim traders. FXDD Trading offers Islamic accounts that comply with these principles.

To open an Islamic account, traders typically need to request this feature from the broker, and certain conditions or restrictions may apply. For detailed information and requirements, it is recommended to visit the FXDD Trading website or contact their customer support.

Other Fees

Beyond spreads, commissions, and swap rates, FXDD Trading may impose additional fees. These can include withdrawal fees and inactivity fees, which can impact the overall cost of trading.

Fee Type Amount Conditions
Withdrawal Fee Varies Depends on withdrawal method
Inactivity Fee $30 Charged after 90 days of inactivity

Comparison to other Brokers

* As of July 5, 2024

FXDD Trading is a well-established broker with a strong regulatory framework, high user ratings, and a wide range of trading platforms. However, when compared to other industry-leading brokers such as IC Markets, Exness, and ThinkMarkets, it shows higher average forex spreads.

While FXDD Trading offers competitive swap rates and a comprehensive range of tradable instruments, its overall cost structure might not be as attractive for traders focused on minimizing spreads. Additionally, the absence of a deposit compensation scheme under some regulatory bodies and higher spreads on commodities could be potential drawbacks for some traders.

Despite these factors, FXDD Trading remains a reliable and popular choice among traders, especially those looking for high leverage options and diverse trading platforms.

Trading Platforms - Mobile, Desktop, Automated

Platform Type Automated Trading Programming Language Ease of Learnability
MetaTrader 4 Desktop, Mobile, Web Yes MQL4 Moderate
MetaTrader 5 Desktop, Mobile, Web Yes MQL5 Moderate
FXDD WebTrader Desktop, Mobile, Web No - -
FXDD Mobile Mobile No - -

FXDD Trading offers a variety of trading platforms to cater to different trading styles and preferences. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are available for desktop, mobile, and web, supporting automated trading through their respective programming languages, MQL4 and MQL5.

Both languages are moderately easy to learn, making them accessible for traders looking to implement automated strategies. The FXDD WebTrader and FXDD Mobile platforms provide additional options for those who prefer web-based or mobile trading, though they do not support automated trading.

What Can you Trade?

Asset Class Number of Instruments
Forex CFD 50+
Crypto CFD -
Stock CFD 40+
Stock Index CFD 14
Commodities CFD 9
ETFs -
Bond CFD -
Futures CFD 1

FXDD Trading offers a variety of instruments across several asset classes, including over 50 forex pairs, more than 40 stock CFDs, 14 stock index CFDs, and 9 commodities CFDs. While the broker does not offer trading in cryptocurrencies, ETFs, or bonds, it provides a wide range of options for forex and CFD traders.

All instruments are traded as CFDs, which means traders do not own the underlying assets but rather speculate on price movements. Trading CFDs allows the use of leverage, which can amplify both gains and losses. For a detailed list of available instruments, visit the FXDD Trading website.

Available Leverage

FXDD Trading offers different leverage levels depending on the regulatory body and the type of instrument. Under the Mauritius FSC regulation, retail clients can access leverage up to 500:1, providing substantial trading power.

However, under the Cyprus CySEC regulation, leverage is capped at 30:1 for retail clients, in line with EU regulatory standards aimed at protecting investors. It is crucial for traders to understand the implications of leverage, as it can significantly increase both potential profits and potential losses.

Prohibited Countries

FXDD Trading does not accept clients from certain countries due to regulatory restrictions. These typically include the United States, Iran, and other countries subject to international sanctions.

It is advisable to check directly with FXDD Trading or their website for the most up-to-date list of prohibited countries before attempting to open an account.

FXDD Trading Account types

  Mirror Trader ECN Standard WebTrader ZuluTrade
CommissionNo commissionMajors  $5.98 Per Lot Per 100K Traded ; Others $9.98 Per Lot Per 100K TradedNo commissionMajors  $5.98 Per Lot Per 100K Traded ; Others $9.98 Per Lot Per 100K TradedNo commission
Maximum leverage500:1
Mobile Platform-MT4 Mobile-MT4 Mobile
Trading platform-MT4, MT5WebTraderMT4
Spread TypeVariable Spread
Minimum Deposit5000
Minimum Trade Size0.01
Trailing Stops-
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Mirror Trader
Commission No commission
Maximum leverage 500:1
Typical Spread 2-3
Spread type Variable Spread
Minimum deposit 500
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  ECN
Commission Majors  $5.98 Per Lot Per 100K Traded ; Others $9.98 Per Lot Per 100K Traded
Maximum leverage 500:1
Typical Spread 0.2
Trading platform MT4MT5
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 0
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Standard
Commission No commission
Maximum leverage 500:1
Typical Spread 1.7- 3
Trading platform MT4MT5
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 0
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  WebTrader
Commission Majors  $5.98 Per Lot Per 100K Traded ; Others $9.98 Per Lot Per 100K Traded
Maximum leverage 500:1
Typical Spread 1.2
Trading platform WebTrader
Spread type Variable Spread
Minimum deposit 0
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  ZuluTrade
Commission No commission
Maximum leverage 500:1
Typical Spread 1.2
Trading platform MT4
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 0
Minimum Trade Size 0.01
Scalping Allowed
Hedging Allowed
Islamic Accounts

FXDD Trading Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Websites
global.fxdd.com
Organic monthly visits 77,327 (100%)
Organic traffic rank 141 out of 815 (Forex Brokers)
Paid monthly visits 0 (0%)
Total monthly visits 77,327
Bounce rate 46%
Pages per visit 3.77
Average visit duration 00:05:12.5380000

FXDD Trading Profile

Company Name FXDD Trading Limited
Categories Forex Brokers, Forex Rebates
Primary Category Forex Brokers
Year Founded 2002
Headquarters Malta
Office Locations Bermuda
Account Currency CHF, EUR, GBP, JPY, USD, BTC
Support Languages Arabic, Chinese, English, Italian, Japanese, Spanish, Vietnamese
Funding Methods Bank Wire, China Union Pay, Credit/Debit Card, Neteller, Skrill
Financial Instruments Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread

FXDD Trading User reviews

4.2
(21 )
Ranked 30 out of 815 (Forex Brokers)
This rating is based on 20 reviews by users that proved they are real customers of this company and 1 that did not. All reviews undergo significant human and technical moderation. Companies that get 30+ reviews by verified reviewers are scored only on their ratings by verified reviewers and get a green checkmark by their rating.

Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.

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FXDD Trading Regulation / Money Protection

5.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
FXDD Mauritius Ltd 500 : 1
Triton Capital Markets Ltd up to €20,000 30 : 1
FXDD Trading Limited
Bermuda
500 : 1

FXDD Trading Promotions

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