Forex industry is mainly growing for the past decade. Therefore, it engages and includes more than several million traders from all over the world, who are willing to earn some money on a side. Moreover, this is the market which can offer them just that, but it can also make them lose all. The first rule in Forex market is to be careful how to operate with the funds you have – where to deposit the money and how much to invest. The first precaution should be to work with the regulated company. Find information on the business you are willing to work, check the reviews, find people online who had the positive experience with them and make sure that you have the information from several sources that they are regulated by law. It will save you a lot of trouble later. FXDD is one of the largest dealers in the foreign exchange industry. For the past several years it is present on the global stage, and it is famous because of its sponsorships of motorsports teams.
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Background and Regulation
The first thing that you can see on the FXDD website is that it is MFSA regulated with the number 48817, and FCA regulated with ID number 524754. It leaves a very positive impression on all who decide to join the market. Therefore, everyone can be sure that they are working with the transparent and regulated company. FXDD is a Forex and CFD broker with the headquarters in Malta. Its branch company, FXDD Europe was founded in 2002, and it is also licensed by Malta Financial Services Authority (MFSA) and it is regulated by EU Markets in Financial Instruments Directive (MiFID). Further, the broker operates under the authority of the FCA in the UK, AMF in France, CONSOB in Italy and CNMV in Spain. It is regulated by BaFin in Germany, AFM in Netherlands, FI in Sweden, The Danish FSA in Denmark, the PSzÁF in Hungary, the NBS in Slovakia, and the CNB in the Czech Republic. Therefore, FXDD received Most Trusted Forex Broker Europe 2012 award, among others
FXDD Trading Platform
FXDD company offers several platform options, such are most popular trading platform MetaTrader 4, it also has MTXtreme, AUTO platform, PowerTrader, VikingTrader, and their FXDD Trader. It means that it has a broad range of possibilities for the clients who use platforms other than MetaTrader 4, which is a significant advantage for many of those who are interested in FXDD´s services. Most of these platforms are available for mobile devices as well, which allows you to have control of your funds at any time.
FXDD Account Types
When you consider account types, you can choose from two possibilities, which is more than enough for many customers. You can choose:
- Mini account
- Standard account
Both of these accounts can be set up as individual, joint or corporate accounts. What is important for these accounts is that there is no particular initial minimum deposit required, and the spreads are the same for both account types. However, the Standard account is more appropriate for people who are going to operate with larger amounts of money. Besides, Demo account is also available for all those who are eager to learn about the market, and it is open for 90 days since the registration.
Unfortunately, there are no FXDD bonuses or promotions available. It, however, should not be a good enough reason not to join the FXDD trade and accept their services. Although this is an inconvenience for many clients, FXDD has so many positive characteristics that redeem for this weakness.
The positive thing about the FXDD is that it offers a range of different methods for depositing, withdrawing and transferring funds in the simple and quick way. It is also important to mention that there are no fees for making a deposit and that you have the option to withdraw your funds at any particular time. You are only obliged to fill out the FXDD Funds Redemption form and send it by fax to the office in Malta. IT can seem like an inconvenience, but all the funding can be done through Credit cards, bank wires, as well as e-wallet payment methods like Skrill, Neteller, and some other online payment programs.
This broker company offers several customer service options. There is a great support team which is very efficient and always ready to respond to your question. Support options include live chat and a call back option, as well as e-mail address and phone number. You can contact an FXDD representative by phone 24-hours a day from Sunday 5 PM to Friday 4 PM EST, and the support team will also reply to your e-mail as quick as possible. The company cares about their clients which many customer reviews confirm.