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How does FXDD execute Forex orders? - Details of the Best Execution Policy
FXDD’s best execution policy ensures optimal order execution for clients by using its advanced trading technology, liquidity providers, and a combination of market execution and instant execution methods, all while monitoring for potential slippage and price improvements.
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FXDD, a renowned global financial services firm, offers an advanced automated execution-only platform to both retail and professional clients, enabling them to trade a wide variety of financial instruments such as CFDs on forex, stocks, indices, commodities, and cryptocurrencies.
By taking on the role of the principal counterparty in the majority of client trades, FXDD assures the best possible execution while maintaining a high level of trust and reliability among its valued clients.
FXDD’s Best Execution Policy
FXDD is wholeheartedly dedicated to providing its clients with the best possible execution experience by obtaining the most favorable prices from its credited Liquidity Providers.
The firm emphasizes the importance of price, cost, and speed in the execution process, while factors such as trade size and the likelihood of execution are considered to be of relatively lower importance.
Trading Platforms
Clients have the convenience of accessing FXDD’s top-tier services through a choice of user-friendly trading platforms, which include Web Trader, the popular MetaTrader 4, and the advanced MetaTrader 5.
Each platform clearly displays trading hours and restrictions pertaining to specific investment instruments, ensuring complete transparency.
Execution Venues
Primarily, FXDD operates as a principle, meaning it takes on the role of the counterparty in client transactions.
However, in rare cases, the company also functions as an agent, carefully transmitting client transactions to other reputable liquidity providers to ensure optimal results.
Price
Striving to provide the best value for its clients, FXDD offers live two-way pricing across all its product offerings, guaranteeing fast, reliable, and uninterrupted access to price information.
To maintain a diverse and robust price data stream, the firm receives raw price data from a multitude of Liquidity Providers and Data Providers, thereby avoiding over-reliance on any single source.
Cost
FXDD continually aims to offer highly competitive spreads and commissions in comparison to other CFD market operators. The costs that clients incur during the order execution process primarily comprise the spread and commissions, both of which depend on factors such as prevailing market liquidity and volatility.
Speed, Size, and Likelihood of Execution
FXDD takes pride in offering its clients immediate execution capability, allowing them to confidently execute trades at displayed prices in the majority of cases.
The firm establishes maximum trade sizes for each trading instrument, ensuring that clients can confidently execute trades up to the pre-determined limits.
Client Protection
FXDD goes the extra mile to protect its clients by implementing additional safety measures, such as stop-loss orders, negative balance protection, and automatic stop-out levels.
These features empower clients to effectively limit potential losses, safeguard themselves from losing more than their invested capital, and protect their accounts from incurring excessive losses due to margin requirements.
Conflicts of Interest Disclosure
Although FXDD primarily acts as the principal counterparty for the majority of client trades, the firm remains unwavering in its commitment to providing the best possible execution and strictly adheres to its Order Execution Policy.
FXDD never compromises on its dedication to clients, ensuring that prices are consistently fed by a diverse range of exchanges and a wide array of liquidity providers.
Best Execution Monitoring
FXDD vigilantly monitors its prices in comparison to the broader market through a combination of internal monitoring measures and third-party vendor solutions.
The firm guarantees that it sources the most competitive prices by closely scrutinizing the spread, latency of price feed, frequency of price updates, and the complete representation of the top of the book of orders.
FXDD Malta and FXDD Mauritius
FXDD Malta and FXDD Mauritius are two separate entities of FXDD that operate under different regulatory jurisdictions and offer distinct services and features to their clients.
FXDD Malta:
- Regulated by the Malta Financial Services Authority (MFSA) and compliant with MIFID/ESMA regulations.
- Client funds are held in segregated bank accounts within the European Union.
- Offers a range of services, including IB/MM-CPA program, VPS, FIX API, multi-asset trading, ECN, institutional/POP, white label solutions, Islamic accounts, individual accounts, demo accounts, and corporate accounts.
FXDD Mauritius:
- Regulated by the Financial Services Commission (FSC) in Mauritius.
- Client funds are held in segregated bank accounts, but not necessarily within the EU.
- Offers various leverage options for clients.
- Provides a range of services, such as bonuses, IB/MM program, VPS, FIX API, EA trading, ECN, white label solutions, Islamic accounts, and an affiliate program.
In summary, the primary differences between FXDD Malta and FXDD Mauritius lie in their regulatory jurisdictions and the specific services they offer.
FXDD Malta operates under EU regulations, ensuring compliance with MIFID/ESMA, while FXDD Mauritius operates under FSC-Mauritius regulations.
Additionally, FXDD Malta offers a wider range of account types, while FXDD Mauritius provides bonuses and various leverage options for its clients.
How to make a deposit to FXDD?
To make a deposit to your FXDD trading account, follow these steps:
- Log in to the FXDD customer portal. If you do not have a customer portal username, you can register for one here.
- If you need assistance registering for the customer portal, contact FXDD’s customer support team at support@fxdd.com.mt.
- Once logged in, follow the instructions within the portal to deposit funds into your trading account using the available methods.
Please keep the following points in mind when depositing funds:
- FXDD does not accept third-party deposits.
- Funds will be returned the same way they were received.
- There are no fees for making a deposit, and you are free to withdraw your funds at any time.
- FXDD does not assume responsibility for funds sent via traditional mail and will not consider them available for trading until deposited, cleared, and credited to your account.
- For withdrawals, note that FXDD will cover the costs of the first withdrawal per client each calendar month. Additional withdrawals during the same month will incur a $40 charge per withdrawal. The minimum withdrawal amount for wire transfers is $100. If the withdrawal amount is less than $100, an additional $25 fee will be charged. It is highly recommended to use an alternate payment processor to avoid these fees.
- A $30 inactivity administrative charge will be applied to your account if no trading activity occurs within 90 days.
- If you encounter any issues with a deposit, contact FXDD’s support team at (+356) 2013-3933, available 24 hours a day from 5 p.m. ET Sunday to 4 p.m. ET Friday.
- Please note that deposits by paper checks are not permitted.
In conclusion, FXDD offers an unparalleled order execution experience by harmoniously blending cutting-edge trading infrastructure, highly competitive pricing, and robust client protection measures.
With an unwavering focus on providing the best possible execution for clients, FXDD distinguishes itself as a trusted and reliable partner in the world of financial trading.