FXDD Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：FXDD Trading is a professional online trading broker, established in 2002, and now has 18 years of experience in the industry. Since its inception, the company has constantly been striving to build and maintain a good trading environment and is committed to providing quality services to its clients. The broker is currently regulated by the Malta Financial Services( registration no.C48817).

　　General Information & Regulation

　　FXDD Trading is an online trading broker, established in 2002, and now has 18 years of experience in the industry. FXDD Europe is regulated by the Malta Financial Services Authority (MSFA) ( regulatory license number C48817) and is licensed to offer services in all countries within the EEA under the EUs MiFID legislation.

　　Market Instruments

　　FXDD provides investors with access to popular tradable instruments in the financial markets, mainly Forex, precious metals, energy, indices, CFDs on US stocks, cryptocurrencies.

　　Minimum Deposit

　　FXDD offers two types of accounts for traders, namely standard spread accounts and ECN spread accounts. The minimum deposit for a standard account is $100, quite reasonable for most regular traders to get started.

　　Leverage

　　Leverage depends on the instruments traded and defined by the regulatory restrictions together with tarders' personal level of proficiency. So the available leverage allows to trade with increased level-up to 1:30, yet the professional traders may be entitled to higher leverage of up to 1:100.

　　Spreads & Commissions

　　Commissions are built-in spreads in standard accounts. The main spreads in standard CFD accounts are EURUSD 2.1 pips, GBPUSD 2.3 pips, AUDUSD 2.0 pips, XAUUSD 33.0 pips, XGUUSD 5.0 pips, US Crude Oil 6.0 pips, Spain IBEX 35 10.10 pips, Appl.4.0 pips. ECN accounts charge a commission of $2.99 per standard lot( one side), and the main spreads for this account are EURUSD 0.2 pips, GBPUSD 0.7 pips, AUDUSD 0.8 pips, XAUUSD 21.0 pips, XGUUSD 6.0 pips, US Crude Oil 7.0 pips, Spain IBEX 35 88.0 pips, APPLE 4.0 pips.

　　Trading Platform

　　FXDD Trading offers traders the market-leading and popular MT4 and MT5 trading platforms, as well as its own full-featured, ready-to-use WebTrader platform, customized for advanced traders.

　　Deposit & Withdrawal

　　FXDD Trading welcomes several channels for deposit and withdrawal with no fees, including wire transfers (1-3 business days for deposits and withdrawals, minimum deposit and withdrawal amount of $100), UnionPay channels (1-2 business days for deposits and 3-5 business days for withdrawals, a minimum deposit of $300 and minimum withdrawal of $100), and VISA credit cards (support for EUR, USD, JPY, GBP, and GBP). USD, JPY, GBP, 1 working day for the deposit, 5-10 working days for withdrawal), NETELLER (accepting USD, JPY, GBP, EUR, 1 or 2 working days for both deposit and withdrawal), Skrill (accepting EUR, USD, JPY, 1 or 2 working days for both deposit and withdrawal).

　　Trading Hours

　　FXDD follows standard trading hours typically Sunday 5 pm to Friday 5 pm (EST). Monthly trading hours may change by instrument and are posted on the latest news section of the brokers website.

　　Accepted Regions

　　FXDD accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.