FXDD Review crypto broker 2024

Our veredict

FXDD is a well-established broker that offers a diverse range of trading instruments, including cryptocurrencies. Established in 2002 and regulated by multiple authorities such as the Malta Financial Services Authority and the Financial Services Commission of Mauritius, FXDD provides a secure trading environment with features like negative balance protection and segregated accounts. The platform supports popular trading platforms like MetaTrader 4, MetaTrader 5, and WebTrader, catering to both novice and experienced traders. It is known for its competitive spreads and high leverage options, making it an attractive choice for various trading strategies. However, it is worth noting that FXDD has been criticized for issues related to customer service and withdrawal delays, which potential users should consider.

For beginners and experienced traders alike, FXDD offers a robust trading environment with a broad selection of assets, including five major cryptocurrencies. The platform’s user-friendly interface and educational resources make it suitable for those new to trading, while advanced tools and high leverage appeal to seasoned traders. However, the platform’s relatively high inactivity fees and occasional negative user reviews regarding withdrawal processes and customer support may deter some users. Overall, FXDD is a solid choice for those looking to trade a wide range of assets with the backing of a regulated broker, but prospective users should remain cautious and consider their specific needs and experiences of other traders.

Pros

Multiple Trading Platforms: FXDD supports a variety of platforms including MetaTrader 4, MetaTrader 5, WebTrader, and FXDD Mobile, allowing traders to choose the interface that best suits their needs.
Segregated Accounts and Negative Balance Protection: FXDD employs robust security measures such as segregated accounts and negative balance protection, safeguarding traders' funds and ensuring they cannot lose more than their initial investment.
Well-Regulated and Established: FXDD is regulated by multiple reputable financial authorities, including the Malta Financial Services Authority and the Financial Services Commission in Mauritius, ensuring compliance with stringent standards.

Cons

Threenvest Score

Fees

3,7/5

Regulated

MFSA

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Why choose FXDD?

Choosing FXDD as your cryptocurrency trading platform comes with several compelling advantages. Firstly, FXDD is a well-regulated broker, adhering to standards set by authorities such as the Malta Financial Services Authority and the Financial Services Commission in Mauritius, ensuring a secure trading environment. This regulatory oversight provides traders with peace of mind regarding the safety of their funds and the integrity of the platform.

Secondly, FXDD offers a wide range of trading instruments, including major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. The platform allows trading these digital assets as CFDs, enabling traders to speculate on price movements without the need to own the actual cryptocurrencies. This flexibility, combined with competitive spreads and high leverage options up to 1:500, caters to both beginner and experienced traders looking to maximize their trading strategies.

Additionally, FXDD’s commitment to customer service and educational resources makes it a supportive platform for traders at all levels. The broker provides 24/7 customer support and extensive training materials, helping new traders learn the ropes while offering advanced tools and insights for seasoned traders. This comprehensive approach to trader support, along with robust security measures like segregated accounts and negative balance protection, underscores FXDD’s dedication to providing a reliable and user-friendly trading experience.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert in the field, I can confidently recommend FXDD for cryptocurrency trading. The platform’s robust regulatory framework, combined with its competitive spreads and high leverage options, makes it an attractive choice for both new and experienced traders. Additionally, the variety of trading instruments, including major cryptocurrencies, ensures that you have ample opportunities to diversify your trading strategies. While there have been some concerns regarding customer service and withdrawal processes, the overall reliability and security measures in place at FXDD make it a solid option for those looking to trade digital assets.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.