FXDD FX Direct Dealer Review

FXDD Forex Broker Review | FXDD Metatrader (MT4) | FXDD.com Forex Trading

RATING: 3.3 / 14 REVIEWS

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FXDD execution and slippage

0.91 pips

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Slippage is the difference between the price at which the order has been placed and the price at which it has been executed by the broker. The less slippage you get, the better your trading results will be.

Our slippage data about FXDD is sampled by 10 of the most popular forex trading strategies in Zulutrade.com.

0.39 pips

FXDD slippage with Kama-spot trading strategy

Kama-spot is a forex trading strategy, based on technical analysis. It trades mainly EUR/USD, GBP/USD and USD/CHF

Average profit: 14.0 pips
Average trade lifespan: 19 hours
Most traded pairs: EUR/USD, GBP/USD and USD/CHF

1.16 pips

FXDD slippage with Saved FX trading strategy

Average profit: 16.0 pips

Average trade lifespan: 1 day

Most traded pairs: EUR/USD, GBP/USD, USD/CHF

1.11 pips

FXDD slippage with Qurenix trading strategy

Average profit: 9.0 pips

Average trade lifespan: 5 hours

Most traded pairs: EUR/USD

0.06 pips

FXDD slippage with Forex Cruise Control trading strategy

Average pips/trade: 5.0

Average trade lifespan: 18 hours

Most traded pairs: GBP/USD

0.19 pips

FXDD slippage with For333 trading strategy

Average pips/trade: 12.0

Average trade lifespan: 15 hours

Most traded pairs: GBP/USD, EUR/USD, AUD/USD

1.49 pips

FXDD slippage with Azar Consulting trading strategy

Average profit: 28.0 pips

Average trade lifespan: 3 days

Most traded pairs: EUR/USD

0.07 pips

FXDD slippage with The Best Player trading strategy

Average profit: 22.0 pips

Average trade lifespan: 13 hours

Most traded pairs: EUR/USD

0.64 pips

FXDD slippage with Xiaolidao trading strategy

Average pips/trade: 9.0 pips

Average trade lifespan: 1 day

Most traded pairs: EUR/USD

1.92 pips

FXDD slippage with Youron trading strategy

Average profit: 9.0 pips

Average trade lifespan: 11 hours

Most traded pairs: EUR/USD, GBP/USD

2.03 pips

FXDD slippage with Duanxian(GBP\USD) trading strategy

Average profit: 10.0 pips

Average trade lifespan: 1 days

Most traded pairs: EUR/USD, NZD/USD, GBP/USD

Headquarters: 75 Park Place, New York, NY 10007

Country: United States

Regulated by: NFA/CFTC

Account Info:

minimum deposit: $250

minimum lot size: 1k

max leverage: 1:50

Spread:

Variable, standard spreads from 2 pips, extreme spreads from 0.8 pips + $6 commission per lot

Deposit/Withdraw

Bank Wire, Credit card, PayPal

Platform:

Metatrader, Custom trading platform, Mirror Trader

Signal Providers:

Zulutrade, Tradency, Currensee

What we think about FXDD

FXDD is a global forex broker offering a vast choice of trading platforms: the industry's most popular MT4, MTX (an enhanced version of MT4), PowerTrader (a professional ECN platform powered by Currenex), Viking Trader (another ECN platform powered by Currenex), Jforex (Dukascopy Bank's trading platform), and its own Swordfish.

Add to that the ZuluTrade, Mirror Trader and Currensee platforms for trading signals, and you may find yourself wondering which platform is most suitable for you.

Here is where the Platform Guru quiz kicks in: you are guided through a short series of questions, and depending on your answers, the Guru recommends the platform that will best match your trading preferences. Neat!

There are two sets of spreads offered by the broker – standard and extreme. The standard ones are average, inclining to high, but the extreme are tight, even with the additional commission factored in.

With FXDD novice traders will find a whole universe of training and educational resources: articles, live webinars, instructional videos, live trainings lead by the broker's experts, and so on.

People with more experience are not overlooked either – for them there is the ForexLive news, analysis and commentaries site supported by the broker, the Autochartist pattern recognition tool, floating MT4 charts, VPS (free of charge for clients who deposit $2,500 or more) and all sorts of calculators – pip, margin, pivot size, spread cost, etc.

Latest news about FXDD

NFA fines FXDD $500,000 for inadequate anti-money laundering program Dec 13 2014 12:05:11
FXDD to Be First to Adopt New Forex Solution from Tradency Jan 21 2014 11:49:04
FXDD Malta Now Offers Binary Options Trading Dec 10 2013 11:44:33
FXDD Trims Headcount, Says No Impact on Business Nov 22 2013 09:40:37
CFTC Imposes $275,000 Fine on FXDD over Capital Rules Breach Oct 01 2013 06:06:03
NFA Slaps $1.1m Fine on FXDD over Unfavorable Slippage Sep 19 2013 06:22:50
FXDD Adds Six New Currency Pairs to Its Forex Offering Jul 16 2013 15:17:51
FXDD Introduces FDIC Insurance to Protect Client Funds Apr 10 2013 10:22:07
Get a Bonus of $250 To Try FXDD's Extreme Spreads Mar 14 2013 13:59:29
FXDD Reduces Spreads and Commissions for MTX Accounts Dec 19 2012 16:46:09

Broker	Advantages
	FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.
	easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.
	HY Markets is global forex broker with more than 30 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 1.8 pip
	XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
	FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

	FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
	FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

	FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

	Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.

Broker	Country	Regulation	Platform	Min Deposit	Review
	Cyprus	CySec	MT4, MT5, Web	$5	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, Web	$100	Review Website
	UK, Cyprus, Hong Kong	FCA, CySEC, SFC	MT4, Web, PrimeTrader	$100	Review Website
	UK, Cyprus	FCA, CySec	MT4, MT5	$5	Review Website
	UK, Australia	FCA, ASIC	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Australia, Singapore	FCA, ASIC, MAS, BaFin	MT4, Web, ProRealTime, 2Dealer	$0	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus	CySec	MT4, Web, Gwasy	$100	Review Website
	Belize	IFSC	MT4, MT5, Web	$1	Review Website
	Cyprus	CySEC	in-house mobile app	$50	Review Website
	Seychelles	FinaCom	MT4	$10	Review Website

Spread

Variable spreads;
Typical spreads: EUR/USD -2 | GBP/USD –4 | USD/CHF -3 | USD/JPY –3

Pros

Cons

Industry average spreads

Very tight spread on Power Trader Platform

No commissions

Huge (50+ pips) spreads durin news releases

Spreads widen during volatile market

Slippage

Pros	Cons
No slippage during normal market conditions	Slippage during news releases

Requotes

Pros

Cons

Rare requotes during normal market conditions

Frequent requotes during news releases

Price feed

Pros

Cons

No stop hunting

No price manipulation

No fractional pips

N/A

Platform

5 platforms: FXDD Metatrader | MTXtreme FXDD | Trader FXDD | Auto Power Trader

Pros

Cons

Metatrader 4.0

Very intuitive and easy to handle

Decent charts

One clickk dealing

Autotrading

Custom indicators

Mobile ready

No Web Platform

Deposit/Withdraw

Deposit

Withdraw

Broker Processing Service (BPS)©
Check (USD only)
PayPal (USD only)
Bank Wire
Credit card

Bank Wire
Check
PayPal

Customer service

Pros

Cons

Us Toll free Phone

Live chat

E - Mail

N/A

Summary

Pros

Cons

Decent price feed

Metatrader 4.0 + 4 more platforms

Tight spreads on some of the platforms

Wide spreads during news

Reqoutes during news

Not Regulated

Traders` reviews for FXDD

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Analyze and Trust The Broker

Nobody can guarantee success in Forex and hence one need to avoid such scam brokers that claim to make you filthy rich soon. Rather, you should chose a broker which helps you to understand the markets better and provide full transparency on which type of services it provides and what is it's business model (A or B book). Traders who know their stuff would understand. I tried this on FXDD and gained from them.

Daniel Silva 06/21/2017

(0)

FXDD review

Very popular broker with average trading conditions. But news trading is unreal - crazy spreads and slippages and sometimes even requotes. It seems more like a bucket shop rather then ECN broker. All complaints, found the typical excuses that are technical points and fix everything soon.

Andrew 07/19/2016

(0)

FXDD has BIG floating spread and rarely excute orders during news

Hi there, i am totally agree with you guys that FXDD looks good only.I setup EA for demo and fxdd live account and frequently has floating spead exceeds maxspread (4pip for eu) while my orders was excuted in demo account easily

I has EA report and variables changes of fxdd then sometimes they changes from 5digits to 4 digits then your trailing stop void

they are master in manipulation of your acc

newbie should be away from them..master should play little size lot

paulmctan 03/30/2013

(0)

(1)

scam broker

stay away from them, they are lying all the time , really bad service and high spreads and not execute the orders in the news.

havan 09/20/2012

(0)

Today I have experienced frequent disconnects and very slow price updates; I have another platform running at same time, and FXDD's prices are very slow to "catch up" with real prices. Have gotten some "off quotes" and "trade context busy" messages as well when trying to execute orders.

I notified them via online chat, and they just told me they weren't having problems and gave me the tech support phone number. I haven't called, but may later.

I've never had issues to this degree with FXDD before, so it may just be a temporary glitch.

TC East, forexfactory.com 10/29/2009

(0)

(1)

This FXDD is good for 1 exception and that are the reqoutes. Requotes are so annoying that I don't us this broker anymore. At Oanda you get NEVER EVER a requote, but you get spread widening. For example at this moment the spread is at Oanda 10 pips and at FXDD 2 pips. It's Sunday evening 11:55 CET.

But dear FXDD, if I click BUY than I want my order executed and I DON'T WANT A QUESTION in return. (question if I want to accept the new price quote) And don't give me that "educate yourself about market conditions and volatility speech", because Oanda NEVER gives a requote.

thefxquide.com 10/29/2009

(0)

(1)

Advantages

-3 different but equally workable trading platforms, which satisfy the needs of all sorts of clients.

Disadvantages:

-Unexpected transers from one language to another and to the home page.
-The information on the site varies according to the language.
-Strange situation with the insurance.
-The information about the company's structure and managers isn't complete enough.

forex-rating.com 10/29/2009

(0)

"No stop hunting No price manipulation" who was the idiot who wrote the main review for this broker. obviously has not tried live trades on this broker before. the main review just me the impression that this website is a hack job. only credit is the external reveiws posted.

sunsett70 09/11/2009

(0)

(1)

FXDD is a good forex broker with no requotes

Good broker with no requotes. No commission charged, you only pay the spread. Only problem is connection breaks at random times, though not frequent to disrupt trading.

Edd, Goforex.net 09/05/2009

(1)

(0)

I never had any problem with FXDD

I was with FXDD, live account, for over a year with no complaints. Email support was always top notch. Their spreads do get a little wild when important news breaks.

I never had any problem hitting my T/Ps, transferring my profits...etc. There were even times when an extra $18-20 would show up in my account as a "Promo" that I didn't know about.

I only left when my style switched from Technical Daytrader to sub 1M Scalper and I needed the lowest spreads I could find...

ffaspector, Babypips.com 09/05/2009

(1)

(2)

FXDD is a dealing desk forex broker

They are using dealing DESK and hard to make money from them, and ur money invested is gone like a wind, they care not to withdraw ones money back to him, stay away or u regret loosing ur money like me... i loose 1,000 usd plus with this theifs called them self's fx broker...WERE IS FBI U.S.A? go and catch those theifs in FXDD managers office and jail them for life with supreme court of world justice...

KBT, Earnforex.com 09/05/2009

(0)

(4)

FXDD closed my trade without asking

Totally suck, my live acount, over 300 usd eaten by their so called stupid trick stopout ... close my trade without asking and my account still got over 300 usd.. lot of reqoute, when price down they do not allow you to buy, when u clicked buy the system said connection error . really another big bad broker around..
do not lied by them again.

Steven, Earnforex.com 09/05/2009

(0)

(2)

Run away from this bucket shop

In my opinion traders should run a mile away from this bucket shop. Champions in invalid prices (when prices are perfectly), chasing losses, poor customer service, requotes, disconnections, you name it they use every trick in the book. A real bucket shop.

Cesime, Goforex.net 09/05/2009

(1)

FXDD execution is fast, but...

I think they do stop hunting and have also seen my computer lock up when it is moving or nothing happens for minutes before an update is made, so I wonder where I am. This happens too often to be an electronic problem. Executions are fast, often one click.

JWA, Goforex.net 09/05/2009

(0)

(1)