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Score
Malta
Suspicious Regulatory License
MT4 Full License
Suspicious Overrun
High potential risk
Influence
Add brokers
Comparison
Quantity 60
Exposure
Score
Regulatory Index0.00
Business Index7.61
Risk Management Index0.00
Software Index9.81
License Index0.00
Single Core
1G
40G
Danger
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Company Name
FXDD GLOBAL
Company Abbreviation
FXDD
Platform registered country and region
Malta
Company website
X
YouTube
Company summary
Pyramid scheme complaint
Expose
Capital
$(USD)
Note: FXDD's official website: https://www.fxddtrading.com/bm/en is currently inaccessible normally.
FXDDReview Summary | |
Founded | 2002 |
Registered Country/Region | Malta |
Regulation | Suspicious Clone |
Market Instruments | Forex, Metals, Stocks, Energies, Indices, Stocks and Cryptocurrencies |
Account Type | Standard accounts and ECN accounts |
Demo Account | ✔ |
Leverage | Up to 1:100 |
Spread | 1.8 pips |
Trading Platform | MT4, MT5, WebTrader and FXDD Mobile |
Min Deposit | $100 |
Payment Methods | Visa, UnionPay, Neteller, Skrill, Bank Wire and TMI Trust Company |
Customer Support | Phone: +1 (212) 720-7200 |
Email: support@fxddtrading.com | |
Address: 525 Washington Blvdjersey City, NJ 07310 |
FXDD, founded in 2002, is a brokerage registered in Malta. The trading instruments it provides cover Forex, Metals, Stocks, Energies, Indices, Stocks and Cryptocurrencies. The Whois website shows that the registration date of this dealer is 2002-05-22.
Pros | Cons |
Offers diverse market instruments | Suspicious clone |
No deposit or withdrawal fees for most methods | Some negative reviews from clients |
MT4 and MT5 supported | No 24/7 customer support |
Demo account available |
FXDD is regulated by Malta. It has 2 types of licenses - MFSA License, NFA License. But the current status of these licenses is suspicious clone.
Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
Malta | MFSA | TRITON CAPITAL MARKETS LTD | Market Making(MM) | C48817 | Suspicious Clone |
Unites States | NFA | FXDIRECTDEALER LLC | Common Financial Service License | 0397435 | Suspicious Clone |
FXDD offers traders the opportunity to trade Forex, Metals, Stocks, Energies, Indices, Cryptocurrencies.
Tradable Instruments | Supported |
Metals | ✔ |
Forex | ✔ |
Cryptocurrencies | ✔ |
Indices | ✔ |
Energies | ✔ |
Stocks | ✔ |
Derivatives | ❌ |
Futures | ❌ |
Options | ❌ |
FXDD offers 2 different types of accounts to traders - Standard accounts and ECN accounts. It also provides an Demo Account.
FXDD charges no commissions. But it charges an inactivity fee.
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.
FXDD's trading platform is MT4 Margin WebTrader, MT5 Margin WebTrader and an app - FXDD Mobile, which supports traders on PC, Mac, iPhone and Android.
Trading Platform | Supported | Available Devices |
MT4 Margin WebTrader | ✔ | Web, Mobile |
MT5 | ✔ | Web, Mobile |
FXDD Mobile | ✔ | Mobile |
FXDD provides 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. The minimum deposit is $100.
FXDD, a prominent forex broker known for offering a diverse range of trading instruments, has recently been at the center of controversy. Many users have reported significant difficulties in withdrawing their funds from the platform, raising widespread concern and distrust among its clientele.
Leading brokerage firm, FXDD, is celebrating 20 years of providing cutting-edge services to financial market participants. This is a remarkable achievement, given that the retail trading industry is still relatively new. FXDD has stood the test of time, witnessing numerous service providers come and go over the past two decades. The ability to not just survive but thrive over the years is a testament to the company’s commitment to anticipate and innovate to meet the expectations of its clients.
As Millennials and Generation Z now make up the majority of traders, with much greater emphasis on diversification, pure FX platforms are becoming an endangered species.
The company has closed the chasm that has existed between the OTC market and Exchanges.
The company ended the quarter with $1.94 million as a net loss. It gained stakes in several companies last year.
The slight revenue gain came from the company’s crypto-fiat conversion services.
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