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FXDD

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FXDD

FXDD
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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.

Official Website

Pros

  1. Long operating history
  2. Wide range of JPY currency pairs

Cons

  1. Unstable support
  2. Zero cut problems in the past
  3. Additional margin required in some instances

Operating Company

Company name:
FXDD Trading LTD
Head office address:
Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda
Financial license:
None（Corporate Registration in Bermuda Monetary Authority）
Founded:
2015
Capital:
Undisclosed

Customer Service

Website language:

【Asia】Japanese・Chinese・Vietnamese・Thai
【Europe and America】English・Spanish・Italian・Portuguese
【Middle East・Africa】Arabic

Trading platform:
MetaTrader4/5
English support:
Email・Support Chat・Phone
Business hours:
（Weekdays）24 hours
Email address:
[email protected]
Phone number:
（+1）212-720-7200

Trading Rules

Roll over:
0:00（Server time）
Margin call:
None
Loss cut:
When the margin maintenance rate falls below 50%
Matched order:
Permitted
EA restrictions:
None
Request for additional margin:
None
Funds management:
Managed in a segregated bank account
Bankruptcy compensation:
Full deposit compensation is not guaranteed

Conditions for Each Account Type

Trading platform:
MetaTrader4/5
Brokerage model:
【Standard】STP method　
【ECN】ECN method
Spread method:
Variable spreads
Trading account currency:
Japanese Yen・US Dollar・Euro・Pound
Maximum leverage:

1：500

Initial minimum deposit:

None

Lot size:
100,000 units
Minimum order size:
0.01 lot
Maximum order size:
50 lots
Maximum open orders:
5,000 lots
Instruments（symbols）:

【FX/Currency Pair】：54(*1)　
【CFD/Metals】：7(*2)　
【CFD/Indices】：14(*3)　
【CFD/Energy】：3　
【CFD/Cryptocurrencies】：4　
【CFD/Stock】：22(*4)

Available trading hours:

（Monday）0:00 am - （Friday）11:55 pm（Server time）

Transaction fees:
【Standard】None　
【ECN】$ 2.99（USD）(*5)
Account maintenance fee:
None
Holding multiple accounts:
Permitted
GMT time difference:
【MT4】Daylight saving time：+3 hours, Winter time：+2 hours

(*1)53 FX/Currency Pairs are tradeable with MT4.

(*2)6 CFD/Metals are tradeable with MT5.

(*3)6 CFD/Indices are tradeable with MT4/ECN account, 11 CFD/Indices with MT5.

(*4)10 CFD/Stocks 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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