Ratings

Overall
Commissions & Fees
Customer Service
Tools & Research
Ease of Use
Investment Offering
Education
Mobile Trading

Trade Commissions

Forex Trades*	$18.50
Clearing Method*	Dealing Desk
Broker Assisted*	$0.00
Min. Deposit	$250.00
Min. Contract Size	Micro
Max. U.S. Leverage	50:1
Max. Int'l Leverage	200:1

Account Features

Virtual Trading
No Minimum Deposit
No Maintenance Fees
No Dealing Desk
Online Trader Community
Investment Education

FXDD Forex Review

Forex Broker Review

Likes - Low initial deposit requirements; open to negotiation on commission; almost always offering a deposit bonus program.

Dislikes - Spreads are wide which run up transaction costs.

Bottom Line - Although their transaction costs are a bit high, traders will easily find a platform they're comfortable with as well as unique and useful market commentary.

FXDD is an online broker that does an excellent job in pooling resources to create a positive trading environment. FXDD offers in house market commentary, education, customer support, and use of their own proprietary platform. They also white label popular platforms including Metatrader, Tradency, and Currenex.

Our FXDD review provides trade platform screenshots, detailed commission information, and online broker ratings.

Commission Notes

By default, FXDD accounts are set up to charge no commission and they are compensated through the bid ask spread.

Spreads - FXDD offers three transaction environments. The first is a traditional no commission set up with 1.5 pips of spread inserted into the currency pair. The alternative options significantly lower the spread but a commission is applied to each side of the transaction, these commission structures are outlined below.

Premier Accounts - The first type of premier account is known as "MTXtreme" accounts; these accounts offer spreads reduced by about 1 pip and are accompanied by a commission of $5 per side. The minimum deposit for MTXtreme accounts is $5,000.

The second type of premier account is referred to as "Power Trader". The power trader environment offers an average spread of 1.3 pips (major pairs) and comes with a commission of $2.00 per 100K USD traded. The minimum deposit for Power trader accounts is $1,000.

Micro Account Trading - FXDD supports micro lot trading on both the Metatrader and MTXtreme platforms.

FXDD was reviewed by StockBrokers.com on 2011-06-01 with an overall rating of 3 Stars.

Ratings

Trade Commissions

Typical Spreads

Highlights

Account Features

Mobile Trading

Customer Service

Trade Types

FXDD Forex Review

Forex Broker Review

Commission Notes

FXDD iTrader Mobile iPhone App

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