FXDD – A Quick Review

This broker is considered average and has no obvious faults. However, the broker really doesn’t offer anything special either. The broker offers several trading platforms. All of these platforms require that they be installed onto your PC. No matter what your trading style is, one of the platforms will be what you are looking for. The broker provides benefits, conditions and trading tools that are just normal. You will be able to hone your trading skills using the DEMO program when you are trying to decide whether or not you want to do business with this broker. If you decide that you want to do business with this broker then you can start a mini account or a standard account. You should think about any questions you want to ask before hand so you can ask them to the broker’s representative. You will need to do this because some of the information isn’t available on the site.

“Demo Trading” – You will be offered Demo trading for a ninety day period Score: 7

Initial Investment – For an initial investment of two hundred and fifty dollars you can start a mini account. You will be required to make an initial investment of at least two thousand dollars in order to start a standard account. Score: 8

Withdrawals and deposits from your account – Starting an account is simple and convenient. You can deposit money using a number of online methods including PayPal. It is also possible to deposit funds using a credit card, cash transfer or bank transfer. You will need to talk with the broker about transfers. Score: 9

Spread – You will receive a spread of around 2 to 5 PIPS on major currency pairs. Score: 8

Stop Point – It is important to check with the broker to see if he does offer a stop point and whether or not it is guaranteed under all kinds of market conditions.

Leverage – Check with the broker to find out what leverage he offers on mini accounts and standard accounts.

Interest – Check with the broker to see whether or not he calculates interest and if so under what conditions.

Regulation – Ask the broker if he is regulated. If he is then ask by what body.

Trading Tools:

Technical and professional support – Available 24 hours a day.

Literature, on-line tools and professional articles–Financial journal, financial news, MetaTrader4 trading program for your mobile phone.

Trading courses – A number of online trading courses are available.

Market surveys and Reviews – Yes.

Trading alerts – None.

Traders help guide – Available.

Range of foreign currency pairs offered – A total of twenty one pairs of foreign currency are offered.

Languages – Ten different languages are supported.

On-line trading room – Not available.

Personal coaching – Not available.

Bonuses and free gifts– It is possible to trade using your cell phone. The broker will also hold trading competitions among his clients. One certain days the offer will give three percent on deposits or upon opening new accounts.

Downloading trading platform – There are several platforms offered. All of them need do that be downloaded and even installed on your computer.

Trading programme “friendliness” – Each one of the trading programs offered are good. However some are a bit better than others. Each trading program is suitable for a specific kind. of trader and trading strategy. Regardless of what kind of trader you are, you will find that one of the programs right for you is. Score: 9.8

Advantages – The broker’s biggest pro is the number of trading platforms that are made available. Each trader will find a trading program that suits their preferences. People who are forced to travel each day will be able to find a program that fits their lifestyle. This broker will offer many different trading tools that are sufficient for even the most experienced traders to help reach decision about positions. The broker provides traders with many different ways to deposit funds into their trading accounts.

Disadvantages – The initial investment required to start an account is relatively small but you can find other brokers who will allow you to start trading at a lower cost. The broker offers a nice spread but it is possible to find brokers that offer better spreads. The biggest disadvantage for this broker is his demo program which is limited to ninety days. This isn’t always enough time to learn how to trade. You should consult the broker’s representative before doing business with them to decide whether or not the broker will be able to meet all of your needs and expectations.

Brokers score: 8

Note: it is possible for a commercial company, business or broker to change their offers, conditions and terms from time to time. The broker may also change the bonuses that they offer to their traders. Therefore you should consult with the broker before making a decision.