FXDD is an FX company founded in the United States in 2002. There are 55 types of currency pairs available, and the maximum leverage is 500 times. In addition, there is no risk of debt due to the adoption of zero cut. Although it is a Forex company in Bermuda, I am worried that They have not obtained a financial license. They used to have three licenses in Master and the United States, but now I don’t. It may be said that the advantage is that it is a long-established company and has a long operating period. It is a company that is expanding worldwide.
Company information
FXDD is an overseas Forex brand operated by FXDD Trading. The FX trading service will be available in 2002.
| Operating company name | FXDD Trading |
| Headquarters location | Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda |
| license | No |
| Business start date | 2002 |
| Capital | Unpublished |
| number of employees | Unpublished |
license
A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is he licensed for FXDD? Unfortunately, there is no license.
Email support
FXDD supports the following:
| Inquiry method | Contents |
| You will receive a reply within 24 hours on weekdays. You will receive a reply in about a day. | |
| Live chat | Use chat if you want an immediate response. Support support Japan time: Monday 4:00 to Saturday 5:55 |
| phone | Use the phone if you want an immediate response. Support support Japan time: Monday 4:00 to Saturday 5:55 |
Supported language
FXDD is available in 6 languages. Below is a list of supported languages
- English
- Chinese
- Italian
- Spanish
- Arabic
- Japanese
Loss compensation
FXDD has a guarantee system. We have adopted zero cut, but we know that in the past we asked users for a large amount of margin due to the sudden abolition of zero cut.
| Guarantee system | Contents |
| Zero cut | They will not charge any loss in excess of the margin to protect the trader’s funds. There is no risk of having a debt. |
Withdrawal method
FXDD supports the following withdrawals.
| Withdrawal method | Withdrawal fee | Reflection time |
| Bank withdrawal | 2500yen | 7-10 business days |
| Credit / debit card | Free | 13-15 business days |
| bitwallet | 824yen | 3-5 business days |
Payment method
FXDD supports the following deposits.
| Payment method | Deposit fee | Reflection time |
| Bank withdrawal | 2.5％ | 3-5 business days |
| Credit / debit card | Free | Within 1 business day |
| bitwallet | Free | Within 2 business days |
Account type
FXDD supports the following account types.
| item | Standard | premium |
| Transaction form | NDD STP | NDD ECN |
| Brands handled | Foreign exchange Precious metals energy Goods / stocks Stock index Cryptocurrency | Foreign exchange Precious metals energy Goods / stocks Stock index Cryptocurrency |
| Maximum leverage | 500 | 500 |
| Transaction fees | Free | $2.99 |
| Spread | 2.2~2.3pips | 0.1~0.3pips |
| Minimum trading volume | 0.01 | 0.01 |
| Maximum trading volume | 50 | 50 |
| Stop level | 1pips | 1pips |
| Scalping | possible | possible |
| Automatic trading | possible | possible |
| Double-decker | Possbile | Possbile |
| Stop-loss | 50％ | 50％ |
| Trading tools | MT4 MT5 | MT4 MT5 WEB TRADER |
Currency pair
FXDD supports a large number of currency pairs. Spreads are also listed. Only major currency pairs are listed.
| Currency pair | Standard account | Premium account |
| USD/JPY | 2.3pips | 1.3pips |
| AUD/JPY | 3.5pips | 1.4pips |
| EUR/JPY | 3.0pips | 1.8pips |
| GBP/JPY | 3.8pips | 7.3pips |
| EUR/USD | 1.8pips | 1.0pips |
| GBP/USD | 2.6pips | 1.4pips |
| AUD/USD | 1.8pips | 0.7pips |
Whether or not withdrawal is refused
It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. What about FXDD, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below. Both buildings are allowed.
| Case study | Contents |
| Bonus withdrawal | Bonuses cannot be withdrawn. |
| Withdrawal while holding a position | You cannot withdraw while you have a position. |
| Trades that overload the system | Making many transactions in a short time using the system violates the trading rules. The account may be frozen. |
| Do not trade for a long time | With FXDD, if you do not trade for 3 months, the account balance will be deducted from your account balance by 3000 yen. |
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