FXDD is a well-rounded and versatile broker with seven different platforms to cover all skill levels and styles. Low initial deposit requirements and easy-to-use educational resources make FXDD a good broker with whom to grow your skills. Open an Account
Seven platforms offer something for everyone:
If you're looking to try several different platforms or grow your trading skills with a broker that can meet your needs every step of the way, FXDD can work for you. Active traders will love the MTX commission-based platform to lower cost, and the Power Trader platform, which gives volume discounts on trades. Passive traders can use Mirror Trader to copy expert strategies. Professionals can use Viking to manage big-ticket trades, and intermediate traders may excel on the highly customizable Swordfish platform. FXDD also provides the industry-leading MetaTrader 4 platform.
Platform Guru helps you choose your best platform:
To choose the right platform for your trading style, follow the Platform Guru's wizard and answer the questions for tailored suggestions on the proper platform. This tool is helpful for beginners who may not be accustomed to some of the forex lingo.
Low deposit requirements:
Deposit requirements vary by platform, but those of FXDD are generally low compared to other brokers. Beginners can open a micro account with no initial deposit and the Meta Trader account is free to open, although FXDD recommends a $250 initial deposit to get started. Other forex brokers, like TradeKing, require a $500 deposit and ATC Brokers starts at $5,000.
Two trading plans to choose from based on activity:
High-balance and high-volume traders can take advantage of reduced fees by signing up for FXDD Extreme Spreads. This option works by tightening the spreads on forex trades as low as 0.8 pip, and charging a $3 commission per side. Micro lot traders and small balance traders will want to stick to Standard Spreads because of the fixed extra commission on Extreme Spreads.
Choose how you want to learn with robust educational resources:
A large YouTube library enables visual learners to pick up tips on FXDD platforms or learn the most advanced charting setups. Readers can choose to work at their own pace by tapping the comprehensive reading materials on basic forex concepts and more advanced trading techniques. All materials are created by an in-house team of forex analysts and experts.
FXDD is registered with the National Futures Association as a Direct Dealer. This means that FXDD maintains their own book of business and has the potential to take the other side of clients' trades. Traders requiring the highest level of transparency from their broker will want to look at other options. Check out Forex.com, FXCM, or ATC Brokers.
Other investments for U.S. customers limited to metals and oil:
As with many forex brokers, other investment options are limited. Integrated stocks, futures and options trading may be preferred by well-rounded traders. While traders in the U.S. don't have access to options trading, it is available through FXDD Global, the overseas affiliate of FXDD. The company does plan to provide access to binary options in the future, which is currently available for demo trading. FXDD does provide access to metals and oil, which at least adds some other options, but that may not suffice for some.
- Account History Reports - You can create reports or view statements of your portfolio or account information.
- Download Statements - You can download your account statements.
- Export Data - You can export your portfolio or account data.
- Gain/Loss - You can run gain and loss reports for tax planning.
- Order Status and Balance - You can quickly view your current trading positions, open orders, and account balance.
- Real-Time Updates - Your account balances update in real time.