FXDD review
When talking about one of the best Forex brokers out there in the trading market, FXDD can surely be not missed out. It is one of the most reliable and efficient Forex brokers you can find. The safety of money and prevention from money laundering frauds is ensured with this. Since it is regulated and licensed under the FXDIRECTDEALER LLC, US, FXDD Malta Ltd, NFA and also FSA Malta, you can be sure about the safety and security of your invested money with FXDD. The best thing about using this brokerage firm for your trading purposes is the fact that it allows for maximum profits and the minimalist of commissions. Using FXDD one can be sure to gain huge profits when they set out to monetize their hunches in the trading world. Also trading with FXDD is reliable and very fast. You will certainly be amazed at the speed with which you are able to trade when you use FXDD. This US based brokerage firm was established in 2002 and since then has endeavored to make its mark. Today we can see that FXDD has been successful in its mission as it now includes a huge line of satisfied customers in its clientele.
FXDD offers its clientele competitive spreads starting from 2.0 pips. Using this spread the customers can trade in two foundation currencies namely EUR and USD. This low spread allows for maximum profit making for the trader and a minimal amount of commission for the brokerage firm. However the width of the spreads at FXDD is determined by the account type a trader holds with the brokerage firm. If the trader holds a MT 4 account or a FXDD Trader accounts, he is entitled to receive spread varying from 2 pips to 3 pips on the major currency trading pairs with the company. Both these accounts are completely commission free and the profits stay as they are with the traders. MTXtreme accounts or PowerTrader account types with FXDD are non commission free. These account types are for veteran traders who want to invest huge. Here the spreads offered to such traders is as low as 1.0 pip. For more info you can check out this list of Metatrader Forex Brokers.
FXDD offers its clients five types of trading platforms namely; Meta Trader 4, FXDDTrader, PowerTrader, MTXtreme and lastly the FXDDAuto platform. The MT4 trading platform is one of the most common trading platforms being used today. With FXDD it incorporates personal trading strategies building, automated trading robots, and also the Expert Advisors. This is one of the best trading platforms offered with features that are advanced statistical.
FXDD also offers the facility of maintaining demo accounts for its novice traders. These accounts have virtual money balance and help the novice traders to learn about trading tactics before going into real time trading. Also educational videos and articles are available for beginners.
The minimum deposit required by the accounts held at FXDD is $250. The max leverage offered goes to 1:200. The best part about FXDD is its ease of cash withdrawal/deposit. Both can be done using Wire transfers, PayPal, Cheque and BPS.