Founded in the United States in 2002, FXDD is a pioneering broker of Forex services to individuals. At one point, it was very popular, with a large support team in a skyscraper in New York.
However, the popularity has been declining due to the birth of many emerging brokers and the aftermath of zero cut shock of the Swiss franc. On the other hand, it is an FX broker that has been operating for a long time, has a reputation for the ease of use, and is still being used by regular traders.
With FXDD's Standard and ECN accounts, you can trade with up to 1:500 leverage. For ECN accounts, the average spread is at a medium level of USD/JPY 0.3pips and EUR/USD 0.3pips, and the transaction fee is at a medium level of $ 2.99 (USD) or more one way. Since they are mainly operating for Japanese customers, customers may trade Rand / Yen and Norwegian Krone / Yen as well, which are not usually offerd by other Forex brokers.
The disadvantages of FXDD are that it requires additional margin when trading at a high leverage, and that it does not have a financial license. Currently, FXDD is only registered as a corporation in Bermuda, and in fact does not have a financial license. Regarding support, although provided by phone, email, and chat, it seems that chat is difficult to connect during the day and the response by email is not stable.
However, in terms of trading environment and other conditions, they have a reasonable environment, and MetaTrader4/5 is available, and there cases where traders who have been using it for many years and traders who have been away for a while starting to use it again due to its ease of use is increasing.
[Asia] Japanese, Chinese, Vietnamese
[Europe and America] English, Spanish, Italian, Portuguese
[Middle East, Africa] Arabic
[FX/Currency Pair]: 51(*1)
(Monday) 0:00 am - (Friday) 11:55 pm (Server time)
(*1)50 FX/Currency Pairs are tradeable with MT4.
(*2)6 CFD/Metals are tradeable with MT5.
(*3)11 CFD/Indices are tradeable with MT5.
(*4)4 CFD/Cryptocurrencies are tradeable with MT5.
(*5)The fee is per order (One way). Trading fees for ECN accounts are varied by symbol.
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