[?] Subscribe To This Site

FXDD - Forex Broker Review

Have you used this broker? Send us your review and be featured on this website!

Company:	FXDD
On-line since:	2002
Regulation:	Regulated by the NFA NFA Registration number 0271289.
Payment options:	Bank wire, Paypal, Cheque, and BPS
Minimum account size:	$500
Minimum lot size:	0.1 lot
Leverage:	1:100 and 1:200
Spreads:	2 pips on EUR/USD

FXDD is a very reputable broker based in the States and has been providing the services online for nearly 8 years now and operates as a market maker providing an MT4 platform to its clients.

Their client base has grown throughout the years from individual traders to big money managers. With its revolutionary platform and technological expertise, this broker has become one of the leading online brokerage firms in the foreign exchange world.

So, what does FXDD offer?

If you decide to open an account here are some of the benefits you will experience being a client:

• 5 different trading platforms to choose from, whether you’re an individual trader, hedge fund manager or a big institutional bank
• 24-hr multi-lingual customer service (always handy)
• Transparent Real-Time bid/offer pricing offer
• Fixed competitive spread
• No deposit or withdrawal fees

There are a lot of good reviews about this broker on the net. I personally know some traders using this broker. The truth is that there is mixed emotions in regards to the performance and credibility of FXDD with both happy and angry customers.

Some of the negative feedback collected were as such:

• tend to use the term “Stop Out”, where some customers have their positions closed before reaching their desired stop loss
• Platform freezese
• If you open an account with your credit card, you will only receive money via your credit card if you decide to withdraw money. No other sources will be accepted.

Many negative reviews about this broker are related to the “Stop Out” system that it has in place. As I said earlier I personally know some good traders who have encountered the same ordeal. This however does not mean this broker a scam artist. It is definitely a reputable broker with a good track record.

If you’re a news trader I will strongly discourage you from trading with FXDD.

Happy trading.

Top of: FXDD Forex Broker Review Page

Back to: Forex Brokers Page

Back to: Forex Trading Domain Homepage