FXDD RATING -OVERALL SCORE {76.68%} (?)
FXDD is an ECN/STP broker offering 65 Forex pairs, CFDs instruments, PAMM accounts, and auto-trading.
■ Deposit Requirements: 100 USD
■ Funding: Cards | Bank Wire | Skrill | StickPay | Crypto
■ Platforms: MetaTrader-4 | MetaTrader-5| PAMM MultiTerminal | WebTrader | Mobile Traders
■ Customer Support: English | Arabic | Spanish | Portuguese | Russian | Chinese | German | French | Japanese | Turkish | Vietnamese
FXDD RATING SUMMARY
The following table contains FXDD's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.
| FOREX BROKER RATING | (MAX 100%) |
|
81.00% |
|
62.50% |
|
78.60% |
|
90.6% |
|
76.68% |
| TRADING EXPERIENCE | |
|
75.80% |
|
70.30% |
|
66.90% |
| TRADING STYLE | |
|
72.70% |
|
79.40% |
|
43.30% |
FXDD DETAILED RATING REVIEW
| FXDD RATING ANALYSIS | ||||
| FXDD TOTAL RATING | 100.0% | FXDD | ||
| 76.68% | FULL ANALYSIS | |||
| A. FXDD SAFETY OF FUNDS | MAX WEIGHT→ | 28.0% | 22.68% | Rating the FXDD Safety |
| A.1 FXDD License / Regulation | FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating | 10.0% | 7.00% | FXDD is regulated by Malta Financial Services Authority (MFSA) = 6% rating & FSC (Mauritius) = 1.0% rating | Total = 7.0% |
| A.2 FXDD Client Compensation in Case of Insolvency | Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% |
5.0% | 4.00% | The MFSA Scheme is based on the EU Directive 97/9 on investor-compensation schemes | FXDD offers client compensation (in case of insolvency) up to 20,000 EUR through MSFA = 4.0% rating |
| A.3 FXDD Country of Headquarters | UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% | 5.0% | 3.00% | FXDD maintains headquarters in Malta and Mauritius = 3.0% rating |
| A.4 FXDD Years in the Market | 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% | 5.0% | 5.00% | FXDD was found in 2002 (10+ years) = 4.0% rating |
| A.5 FXDD Client Account Segregation | Client bank account segregation = 2.5% rating | No = 0.0% | 2.5% | 2.50% | FXDD provides client bank segregated accounts = 2.5% |
| A.6 FXDD Web Ratings | ForexPeaceArmy Rating = {Actual Rating/10} | (max) Rating = 0.5% | 0.5% | 0.18% | FXDD ForexPeaceArmy Rating is 1.768/5.0 | Total rating is 0.1768 |
| A.7 (+) FXDD ADJUSTING RESULTS | ||||
| A.7.1 FXDD Corporate Size | 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating | 1.0% | 1.00% | FXDD handles more than 1 million accounts = 1.0% Rating |
| B. FXDD TRANSACTION COST | MAX WEIGHT→ | 28.0% | 17.50% | Rating the FXDD Transaction Cost |
| B.1 FXDD spread on EURUSD | <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% | 7.0% | 6.50% | Typical FXDD EURUSD spread is 0.4 pip =6.5% rating |
| B.2 FXDD spread on GBPUSD | <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating | 4.5% | 4.50% | Typical FXDD GBPUSD spread is 0.8 pips = 4.5% rating |
| B.3 FXDD spread on USDJPY | <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating | 4.5% | 4.50% | Typical FXDD USDJPY spread is 0.8 pips = 4.5% rating |
| B.4 FXDD Trade Commissions | No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating | < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating | 7.0% | 0.00% | $7 / full-traded lot trading commissions (Same Account as Above) = 0.0% rating |
| B.5 FXDD Overnight (SWAP) rates | Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% | 2.0% | 0.00% | FXDD rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$8.175 | FXDD rollover on a Short EURUSD trade worth 1 lot ($100,000) is +$1.22 | Total cost in absolute value is $6.96, Rating = 0.0% |
| B.6 FXDD Commissions on Funding | No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating | 2.0% | 0.00% | FXDD does not charge withdrawal commissions = 2.0% rating |
| B.7 FXDD Inactive Fees | No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating | 1.0% | 0.00% | FXDD charge Inactive Fees after 1 year of inactivity = 0.0% rating |
| B.8 (+) FXDD ADJUSTING RESULTS | ||||
| B.8.1 FXDD Execution Model | ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating | 2.0% | 2.00% | ECN Order Execution Model = +2% rating |
| C. FXDD TRADING OPTIONS | MAX WEIGHT→ | 28.0% | 22.00% | Rating the FXDD Options for Traders |
| C.1 FXDD Forex Asset Index | 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+ Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating | 8.0% | 8.00% | FXDD provides 65 Forex Pairs = 8.0% rating |
| C.2 FXDD CFDs | CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% | 2.5% | 2.50% | FXDD offers CFD trading = 2.5% rating |
| C.3 FXDD CFDs on Futures | CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating | 1.5% | 1.50% | FXDD Offers CFDs on Futures = 1.5% rating |
| C.4 FXDD Free Practice Account | Practice Account = 2.0 % rating, No = 0.0 % rating | 2.0% | 2.00% | FXDD Provides a free Demo/Practice account = 2.0% rating |
| C.5 FXDD Trading Leverage | Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating | 1.0% | 1.00% | From 30:1 to 100:1 max Trading Leverage = 1.0% rating |
| C.6 FXDD Bonus/Rebate Promotions | 5.0% | |||
| C.6.1 FXDD Welcome Bonus (%) | Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating | 0.00% | No Welcome Bonus = 0.0% rating | |
| C.6.2 FXDD Trading Rebate (%) | Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating | 0.00% | FXDD offer no trade rebates = 0% rating | |
| C.7 FXDD Min. Account Size | Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating | 2.0% | 2.00% | The minimum deposit amount is $100 = 2.0% rating |
| C.8 FXDD Number of Deposit Methods | For every deposit method = 0.5% rating | max = 5 methods | 2.5% | 2.50% | FXDD offers 5+ deposit methods such as Bank Wire, Credit/Debit Cards, Skrill, StickPay, and Crypto = 2.5% rating |
| C.9 FXDD Number of Withdrawal Methods | For every withdrawal method = 0.5% rating | max = 5 methods | 2.5% | 2.50% | FXDD offers 5+ withdrawal methods such as Bank Wire, Credit/Debit Cards, Skrill, StickPay, and Crypto = 2.5% rating |
| C.10 Minimum Stop-Order Levels (in pips) | 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating | 1.0% | 0.00% | FXDD offers 4+ pips minimum stop-out order distance = 0.0% rating |
| C.11 (+) FXDD ADJUSTING RESULTS | ||||
| C.11.1 Offering more than 100 Forex Pairs | Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating | 1.0% | 0.00% | 65 Forex pairs = +0% rating |
| C.11.2 Paying Interest on unused funds | Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating | 0.5% | 0.00% | No = +0% |
| C.11.3 FXDD Contests | Contests = 0.25 % rating | No = 0 % rating | 0.25% | 0.00% | FXDD offers No Competitions = +0.0% rating |
| D. FXDD TECHNOLOGY | MAX WEIGHT→ | 16.0% | 14.50% | Rating the FXDD Technological Efficiency |
| D.1 FXDD Trading Platforms Availability | For every Platform = 1.0% | max = three (3) platforms | 3.0% | 3.00% | FXDD offers MT4. MT5 and a Webtrader = 3.0% rating |
| D.2 Trading-On-Charts | Offering Trading-On-Charts = 1.0 rating | No=0% | 1.0% | 1.00% | FXDD is offering 'Trading-On-Charts' = 1.0% rating |
| D.3 FXDD Slippage on Execution | Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating | 1.0% | 0.00% | FXDD Slippage on execution is more than 1.75 pip = 0.0% rating |
| D.4 FXDD Automated Trading Allowance | Automated Trading is Allowed = 2.0 % rating / No = 0 % rating | 2.0% | 2.00% | FXDD allows automated trading = 2.0% rating |
| D.5 FXDD MT4 Platform Availability | MT4 is Provided = 2.0 % rating / No = 0 % rating | 2.0% | 2.00% | FXDD offers the MT4 platform = 2.0% rating |
| D.6 FXDD Mobile Apps | iOs= 1% rating | Android = 1% rating | max = 2% rating points | 2.0% | 2.00% | FXDD offers a specialized Mobile App for iPhone and Android (including TradingCentral analysis) = 2.0% rating |
| D.7 FXDD Allowing Scalping / Hedging | Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating | 1.0% | 1.00% | FXDD allows both Scalping and Hedging = 1.0% rating |
| D.8 FXDD Customer Service | 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating | 4.0% | 3.00% | FXDD offers 24/5 Customer support = 0%, via eMail, Phone, Live Chat | Total rating is 3.0% |
| D.9 (+) FXDD ADJUSTING RESULTS | ||||
| D.9.1 FXDD PAMM / MAM Accounts | PAMM / MAM Accounts = +0.5% rating | No = 0 % rating | 0.5% | 0.50% | FXDD is offering a PAMM account = +0.5% |
| D.9.2 FXDD Free VPS | Free VPS = +0.5% rating | No = 0 % | 0.5% | 0.00% | FXDD is not offering a free VPS hosting service = +0.0% |
| D.9.3 FXDD API Trading | API trading = +0.5 % rating | No API = 0.0 % rating | 0.5% | 0.00% | FXDD is not offering API trading = +0.0% |
| TOTAL FXDD RATING | 76.68% | |||
FXDD MALTA LICENSES AND LEGAL INFORMATION
■ FXDD Malta (Triton Capital Markets Ltd.) holds a Class 2 investment services License no. IS/48817 issued by the Malta Financial Services Authority (MFSA)
■ Negative Balance Protection Triton Capital Markets Ltd, provides clients with the benefit of Negative Balance Protection at its own cost
■ Negative Balance Protection -Triton Capital Markets Ltd, provides clients with the benefit of Negative Balance Protection at its own cost
■ The MFSA Scheme is based on the EU Directive 97/9 on investor-compensation schemes and offers client compensation (in case of insolvency) up to 20,000 EUR
OTHER BROKERS IN THE FXDD GROUP
- FXDD Mauritius Ltd. Is an Investment Dealer registered in Mauritius with company registration number 151672 and authorized by the Financial Services Commission (FSC); license number C117017252
- FXDD Trading Ltd. Is a Money Service business license holder with company registration number BC1348842 and authorized by FINTRAC in Canada to provide foreign exchange dealing; license number M23303386
- FXDD Labuan is a brand of Nukk Trading Limited, a Labuan Money Broking License holder with company registration number LL17835 and authorized by the Labuan Financial Services Authority (LFSA); license number MB/23/0107
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