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FXDD Review
FXDD is a Malta regulated forex broker run by Triton Capital Markets Ltd. Its former US arm paid two CFTC fines and left the US market by 2014.
Min Deposit
$200
Spreads From
Low spreads on Ultra style accounts, wider on standard accounts
Max Leverage
1:30 for EU retail clients, up to 1:500 for professional or non EU accounts
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Genuine MFSA licence in Malta under Triton Capital Markets Ltd, number IS/48817
- Long operating history in retail forex trading dating back to the 2000s
- Regulators publicly explain the exact violations, so its record is easy to check
- Malta's MFSA actively warns the public about clone firms copying the FXDD name
Cons
- Former US arm was fined about $914,000 by the CFTC in 2013 over unfair slippage
- That same US arm was fined again in 2014 and banned from FCM or RFED status for 3 years
- FXDD exited CFTC and NFA registration rather than keep operating under US rules
- Scammers have used clone websites to copy the real FXDD brand
FXDD is a forex and CFD broker now run by Triton Capital Markets Ltd, licensed by Malta's MFSA under number IS/48817. The brand also had a separate US arm, FXDirectDealer LLC, based in New York and registered with the CFTC from 2009.
That US arm ran into serious trouble. In 2013, the CFTC fined it about $914,000 and made it repay $1.8 million after finding its trading system favored FXDD over more than 24,900 customer accounts during price slippage. In 2014, a second CFTC order added a $600,000 penalty and a three year ban from FCM or RFED registration, and FXDD asked to withdraw its US registrations around the same time.
Malta's financial regulator has also warned traders about a clone firm impersonating the real, Malta regulated FXDD, so it pays to double check you are on the genuine site before you deposit. Today FXDD offers MetaTrader style forex and CFD accounts to clients outside the US and other restricted countries.
Min. Deposit
USD 200
Max Leverage
1:30 for EU retail clients, up to 1:500 for professional or non EU accounts
Spreads From
Low spreads on Ultra style accounts, wider on standard accounts
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
