FXDD Journal

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FXDD Profile
Year
2002
Country
Malta
Branches
2
Regulation
MFSA Malta
Registration
MFSA Malta, FSC Mauritius , CONSOB Italy, CNMV Spain, KNF Poland
Investor protection
Fund protection
Investor Compensation Scheme (Malta)
Publicly traded
no
Restricted in
Not serving
х Iran, Japan, North Korea, US
Broker type
MM, STP, ECN pricing
Dealing book
A+B hybrid book
Tier
3
Execution speed
1 ms
LPs total
20
LPs quality
Tier-1 Banks, Non-Banks
LPs names
not disclosed

FXDD Accounts
MM
ECN
Minimum Deposit
1 $
1 $
Leverage
30 : 1
30 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1.9 pips
0.2 pips
Commission
0 $/lotRT
5.98 $/lotRT
Volume
50 lots
50 lots
Margin Call
50 %
50 %
Stop Out
50 %
50 %
Execution
Market
Market
Spread
floating
floating
Scalping
yes
yes
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Neteller, China UnionPay
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 3 months
Update broker

Is FXDD safe?

  • Investor protection: Investor Compensation Scheme (Malta)
  • Regulation: MFSA Malta
  • Registration: MFSA Malta, FSC Mauritius , CONSOB Italy, CNMV Spain, KNF Poland
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is FXDD trusted?

  • Information transparency: sufficient ★★★
  • Customer service: prompt, helpful ★★★★★
  • FXDD website: semi-detailed, updated ★★★
  • FXDD popularity (by visitor count): average ★★★

How FXDD works



FXDD deals as principal acting as the counterparty to most of its clients’ trades, which places a huge trust on the Firm to offer the best execution to its clients. FXDD executes clients’ orders at the best price offered by our credited Liquidity Providers. The system is set to automatically select the best available price and show it to the clients on our online platforms. FXDD considers ‘price’, ‘cost’ and ‘speed’ as highly important execution factors, and other execution factors such as size and likelihood of execution having relatively lower importance.

Execution Venues
FXDD provides two types of execution venues. Primarily, FXDD operates as a principle which means that the Company is the counterparty of client transactions.

In rare circumstances, the Company also operates as an agent whereby client transactions are received and transmitted to other reputable liquidity providers.

FXDD receives raw price data for all trading instruments from its Liquidity Providers (“LPs”) and Data Providers such as regulated markets, multilateral trading facilities (MTFs), executing brokers, etc.


Execution venue for Forex standard accounts - FXDD MALTA Ltd (91%), Pro accounts - FXDD MALTA Ltd (70%). The rest - LPs.


Customer may qualify as a Professional client and be entitled to a higher leverage of 1:100 (on MT4)


Investor Compensation Scheme
The Investor Compensation Scheme administered by the Malta Financial Services Authority (MFSA), the Maltese regulator, provides limited protection for certain classes of investors. FXDD Malta Ltd. Contributes to this scheme annually and in the event it becomes insolvent, its customer are afforded protection. FXDD Malta’s customers will be eligible for compensation of 90% of their investment up to a maximum limit of €20,000. Professional Clients or Eligible counter parties are not eligible for compensation as they fall out of the scope of the Investor Compensation Scheme which was set up as a protection for retail customers. Negative Balance Protection

FXDD Malta Ltd, provides clients with the benefit of Negative Balance Protection at its own cost which means that any client trading losses cannot exceed the available funds in the client accounts and client account balances will never become negative.


FXDD is the main execution venue as described above, and it acts as the principal counterparty to its clients’ trades.


Negative Balance Protection
FXDD offers all retail clients negative balance protection. This means that clients will never lose more than their invested capital.

Conflicts of interest disclosure
FXDD is the main execution venue as described above, and it acts as the principal counterparty to its clients’ trades. However, in rare cases FXDD acts as an agent and transfers its trades to a reputable counterparty.


True Direct Market Access with aggregated liquidity streams from Tier 1 Banks and ECN’s as well as Non-Bank LP’s for Best Price generation.


ECN
Our raw direct spreads have no markup and a very small commission cost per trade. This ECN style pricing is test tradable with high-speed execution and a high fill rate over 99%.



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