BrokAIr Reviews

Fxdd Review

Fxdd has been known to offer extremely high levels of leverage, making it a dangerous choice for inexperienced traders. Is Fxdd too risky for new investors?

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FXDD Overview

Fxdd is an online brokerage founded in 2002. It is regulated by the Malta Financial Services Authority (MFSA), and is also a member of the Investment Industry Regulatory Organization of Canada (IIROC). Fxdd offers its customers access to Forex, CFD, and stock trading. It offers a variety of features, such as trading tools, market analysis, and educational resources.

Pros and Cons

Fxdd was founded by CEO Joseph Botkier and COO Jonathan Blum. They have experience in finance, technology and operations. Botkier has been involved in more than 20 start-ups in the financial services industry. Blum has a deep understanding of the Forex market, having worked for over 20 years in the industry. The public opinion of Fxdd is generally positive. Customers appreciate their competitive pricing structure, as well as their wide range of trading tools and educational resources. Some customers have noted that the customer service could be improved. In 2017, Fxdd was acquired by GMO Click Holdings Inc., a major online broker in Japan. In 2019, Fxdd announced that it had obtained an Electronic Money Institution (EMI) license from the Malta Financial Services Authority (MFSA). This license allowed Fxdd to provide payment services to customers in Europe. The company also recently announced that it is offering new products, such as Binary Options and Cryptocurrencies. In 2020, Fxdd launched its new MetaTrader 5 platform, which provides its customers with access to a wide range of markets and tools. Additionally, the company has recently partnered with TradingView, giving its customers access to advanced charting tools and analytics.