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FXDD review

FXDD


On-line since: 2002
Country of origin: the USA
Regulation: None
Payment options: WebMoney, wire transfer, checks, PayPal and BPS
Minimum account size: $500
Minimum lot size: 0.01
Leverage: 1:100 and 1:200
Spreads: 2 pips on EUR/USD

About the company:

The business model of the FXDD Company has been developed in order to provide the prices of the interbank market participants to customers. This business scheme has been exploited by Tradition Company for over 40 years. The structure of the Company allows avoiding conflicts, when the liabilities and the interests of the firm do not correspond.

FXDD 8/10 (votes 4092)
Author of FXDD: Tina | Date 2019-11-29
Don't believe FXDD , if you are lucky you will get your money back. Otherwise, you will lose your money. The trader’s loss is their earnings, they put a huge pressure on the new traders to deposit more money, promising them of continuous profit; This has happened to me twice on dealing city platform, whenever I want to close a position the platform freezes until I am at loss, I have lost $800 so far, and they keep calling me to deposit more. I don't recommend this broker at all. They will start to blame you after they got your money. Just be carefull.
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Author of FXDD: Timofey | Date 2019-10-03
If you are new to trading, FXDD is a good practicing ground. The spreads are not the tightest but are also not too wide. The platform works excellently and the execution is fast. However, I won't recommend you to do trade at this broker and invest for a long time because it is still not regulated. What I also didn't like is the frequent receipt of various emails for promotion. There are even some spam emails.
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Author of FXDD: Gilang | Date 2019-08-27
I recently closed my trading account in this broker, it is just over 2 weeks since I call the support team, but there is no clarity and settlement from this broker against the difficulty of my withdraw process. I join this broker almost 2 month because there are many recommendation and thousand positive review about this broker everywhere. Their minimum account size only $1 supported by 1:1 to 1:2000 leverage so I think this is a competitive value and I can increase the profit that I get. But everything is not in accordance with the fact, the trading process full of difficulties. I've seen no reason why my money didn't appear in my account although I made more then twice withdraw request. I trusted them at the first time, because I thought they would guide me and fix the technical problem. But now nothing good to continue trading here, I think.
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Author of FXDD: Sheri | Date 2019-02-19
Information about FXDD are all over the place. I have read reviews about this broker and they say that this is regulated so I decided to open an account here. What they failed to clear is that FXDD has two branches: one for Europe and the other for Asia. Only the branch for Europe is regulated. I am from Asia so that would mean that I would be dealing with an unregulated broker. Also, the branch for Asia has more restrictions in the mode of payment so I just did not open an account anymore. Besides, having these confusing details makes the broker less trustworthy.
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Author of FXDD: Sheri | Date 2019-02-19
Information about FXDD are all over the place. I have read reviews about this broker and they say that this is regulated so I decided to open an account here. What they failed to clear is that FXDD has two branches: one for Europe and the other for Asia. Only the branch for Europe is regulated. I am from Asia so that would mean that I would be dealing with an unregulated broker. Also, the branch for Asia has more restrictions in the mode of payment so I just did not open an account anymore. Besides, having these confusing details makes the broker less trustworthy.
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Author of FXDD: pipcoti | Date 2018-12-04
I started trading in FXDD around 2 months ago but I think to stop it for a while. I have experienced strange trading system here. Their price and spreads are floating, the price could drop below the stop, and then bounce back up - stop was hit on the way up again, but stop price was at the bottom. They should really work on their servers, because in my first month of trading I fell their fast execution and fixed price. I am not happy with this broker at all so I wanna looking for another trading broker! I hope FXDD improve the system.
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Author of FXDD: AbuFahd | Date 2018-09-24
I have traded in a mini account by using the Currenex platform, Actually, this terminal is rubbish and unprofitable for slow trade execution, which requires to open a trade more than 1-2 minutes. Also, I have tried to set an EA but they didn't allow it. So I can't able to apply automatical trading strategy with FXDD broker and now I have held all of my trading activity with them.
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Author of FXDD: Festus | Date 2018-07-24
This broker is a crook. I can share my login details to everybody so you can check. They don't pay my earnings and I chat times and times with their customer service. Every time they say, they will pay the day after. When I ask for payment the day after, they say again they will pay the day after.
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Author of FXDD: Nitay | Date 2018-01-31
I have tested a mini account with their Currenex terminal, Actually, the platform is useless for trade due to the slow execution, required to open a trade more than 2 minutes. Also automatically EA trading is unable, while I have tried to set a free Forexrealprofit-EA but they refuse it. when my automatical strategy failed with them then I tried to manual trading but found that EUR/USD, EUR/CHF, EUR/JPY and EUR/GBP, spreads aren't fixed and sometimes they increased the spread in the high volatility market. So I have been stoped all of my trading activity with them due to unfair activity last two months.
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Author of FXDD: azamfx | Date 2017-11-17
FXDD is not a trusted broker because I have loss with them for 200 USD because of their platform keep freezing during trading activity. At first 3 month I join them, everything is fine platform not giving me headache but after 3 month trading, they start showing their true color. Every time I want close my position that in profit it will for 1-2 minutes that make the price reverse until my profit become negative floating. Basically, my trading style more to scalping and I only took 5 – 10 pips only. I’m not use take profit and stop loss because I will monitor my position and close after it if there is signal price will reverse. Sometimes execution speed also slow that make my entry always miss the price that I want. Spread also not good because it will widen up to 4 pips for major pairs and it is hard for me to scalp with those spread. I’m leaving this broker because they don’t have any initiative in improving their services much better.
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