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Which is the best? FXDD Account Types and Platforms | MT4, MT5, WebTrader, and FXDD Mobile
FXDD offers MT4, MT5, FXDD Web-based platform and a mobile app. Which one should you choose to start investing online?
FXDD’s Account Types: An Overview
FXDD, a renowned forex trading platform, caters to a diverse clientele with its varied account types and pricing models. Understanding the nuances of these offerings is crucial for both novice and seasoned traders.
Standard and Premium Pricing Options
FXDD’s pricing models are tailored to meet different trading needs and strategies. The Standard Pricing model is popular among traders for its low spreads and zero commission structure, making it an economical choice. In contrast, the Premium Pricing option is designed for those seeking ultra-low, direct spreads. This model is particularly favored by high-volume traders who benefit from even slight variations in spread. Both pricing models are accessible across all FXDD platforms, ensuring flexibility and convenience.
Account Opening and Regulation
When opening an account with FXDD, traders have the option to choose between different regulated entities. Each entity offers unique benefits and adheres to specific regulatory standards.
Malta – EU Regulated Entity
This entity is regulated by the Malta Financial Services Authority (MFSA) and complies with MIFID/ESMA regulations. Key features include:
- Funds are kept in segregated EU bank accounts.
- A range of offerings like VPS, FIX API, ECN, Institutional/POP, White Label, and Islamic Accounts.
- Availability of Multi Asset Trading.
- Options for Individual, Corporate, and Demo accounts.
Mauritius – Regulated by FSC
The Mauritius entity operates under the regulation of the Financial Services Commission of Mauritius (FSC-Mauritius), with features including:
- Segregated bank accounts for fund safety.
- Various leverage options to suit different trading styles.
- Offerings like Bonuses, VPS, FIX API, EA Trading, ECN, White Label, and Islamic Accounts.
- Multi Asset Trading capabilities.
- Individual, Corporate, and Demo account options.
Funding Your Trading Account
FXDD simplifies the process of funding your trading account. It offers a variety of deposit and withdrawal methods, ensuring quick and hassle-free transactions. Notably, there are no fees for making a deposit, and traders have the freedom to withdraw their funds at any time. To facilitate these transactions, customers can easily log into the customer portal and manage their finances efficiently.
FXDD offers a comprehensive range of account types and pricing options, catering to a wide spectrum of trading preferences and requirements. Whether you are an individual trader, part of a corporation, or just exploring the forex market through a demo account, FXDD provides a regulated, secure, and versatile trading environment.
Trading Platforms of FXDD
FXDD stands out with its comprehensive range of trading platforms, each designed to accommodate the specific needs of traders. Here, we’ll dive into the details of FXDD’s four main trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), FXDD WebTrader, and FXDD Mobile.
Platforms | MetaTrader 4 | MetaTrader 5 | FXDD WebTrader | FXDD Mobile |
---|---|---|---|---|
Free demo | Yes | Yes | Yes | Yes |
Standard pricing | Yes | Yes | No | Yes |
ECN Pricing | Yes | Yes | Yes | Yes |
Average spread | 0.2 | 0.2 | 0.2 | 0.2 |
Commision | No commission | No commission | 2.99/100K FX Majors 4.99/100K FX Other |
No commission |
Maximum leverage | 30:1 Retail – 100:1 Professional | 30:1 Retail – 100:1 Professional | 30:1 Retail – 100:1 Professional | 30:1 Retail – 100:1 Professional |
Stop out | 50% | 50% | 50% | 50% |
Order execution | Standard: Instant Execution ECN: Market Execution |
Standard: Instant Execution ECN: Market Execution |
Market Execution | Instant Execution |
Automated trading | Expert Advisors Signals |
Expert Advisors Signals |
Scripting | Expert Advisors Signals |
Platforms supported | Windows Mac iOS Android Browser | Windows Mac iOS Android Browser | Windows (Browser) Mac (Browser) iOS (Browser) Android (Browser) Browser | iOS Android |
Instruments | Forex (67), Indices (13), Metals (7), Energies (4), Stocks (20) | Forex (67), Indices (13), Metals (7), Energies (4), Stocks (20) | Forex (67), Indices (13), Metals (7), Energies (4), Stocks (20) | Forex (67), Indices (13), Metals (7), Energies (4), Stocks (20) |
Stop/Limit levels | 1 pip | 1 pip | 1 pip | 1 pip |
Requotes | Standard: Possible with high volatility ECN: No |
Standard: Possible with high volatility ECN: No |
No | Possible with high volatility |
Partial Fills | Standard: No ECN: Possible due to liquidity conditions |
Standard: No ECN: Possible due to liquidity conditions |
Possible due to liquidity conditions | Possible due to liquidity conditions |
Price Improvements | Standard: No ECN: Possible on limit orders |
Standard: No ECN: Possible on limit orders |
Possible on limit orders | Possible on limit orders |
Slippage | Standard: Not on entry orders ECN: Possible |
Standard: Not on entry orders ECN: Possible |
Possible on limit orders | Possible |
Dealing Desk Intervention | No | No | No | No |
MetaTrader 4 (MT4)
MetaTrader 4 is a widely recognized trading platform, renowned for its user-friendly interface and robust features.
- Pricing: Offers Standard pricing with no commission and ECN pricing.
- Average Spread: 0.2, which is competitive in the industry.
- Maximum Leverage: Provides flexibility with 30:1 for retail clients and 100:1 for professional clients.
- Stop Out Level: 50%, helping manage risks by closing positions when margin falls below this level.
- Order Execution: Standard accounts have instant execution, while ECN accounts benefit from market execution.
- Automated Trading: Supports Expert Advisors and signals, allowing for automated trading strategies.
- Platform Support: Compatible with a wide range of devices including Windows, Mac, iOS, Android, and browsers.
- Instruments: A rich selection of trading instruments, including Forex, indices, metals, energies, and stocks.
- Additional Features: Offers 1 pip stop/limit levels and the possibility of requotes during high volatility. No partial fills in standard accounts, but they are possible in ECN accounts due to liquidity conditions.
MetaTrader 5 (MT5)
MetaTrader 5 builds on the success of MT4 with additional features and extended capabilities.
- Pricing: Like MT4, it offers Standard pricing without commission and an ECN option.
- Average Spread: Remains at 0.2, maintaining consistency across platforms.
- Maximum Leverage: Same as MT4, with 30:1 for retail and 100:1 for professional traders.
- Stop Out Level: Also set at 50%.
- Order Execution: Features instant execution for standard and market execution for ECN accounts.
- Automated Trading: Supports Expert Advisors and signals.
- Platform Support: Available on the same devices as MT4.
- Instruments: Identical instrument offerings to MT4.
- Additional Features: Shares similar features with MT4 regarding stop/limit levels, requotes, partial fills, and price improvements.
FXDD WebTrader
FXDD WebTrader is a browser-based platform that facilitates trading without the need for downloads or installations.
- Pricing: Offers ECN pricing with a commission for FX majors and other pairs.
- Average Spread: 0.2, aligning with other platforms.
- Maximum Leverage: Matches the 30:1 and 100:1 options of MT4 and MT5.
- Stop Out Level: Set at 50%.
- Order Execution: Only provides market execution.
- Automated Trading: Features scripting capabilities for customized strategies.
- Platform Support: Accessible through browsers on Windows and Mac, as well as iOS and Android devices.
- Instruments: Offers the same range as the other platforms.
- Additional Features: No requotes, with the possibility of partial fills and price improvements on limit orders. Slippage is also a possibility.
FXDD Mobile
FXDD Mobile is tailored for traders who need to manage their accounts on the go.
- Pricing: Standard pricing is available with no commission.
- Average Spread: Maintains the 0.2 spread seen on other platforms.
- Maximum Leverage: Offers 30:1 for retail traders and 100:1 for professionals.
- Stop Out Level: Maintains the 50% level.
- Order Execution: Instant execution is available for mobile traders.
- Automated Trading: Supports Expert Advisors and signals.
- Platform Support: Designed specifically for iOS and Android devices.
- Instruments: Provides the full range of trading instruments available on other platforms.
- Additional Features: 1 pip stop/limit levels and the possibility of partial fills and price improvements.
Commonalities and Distinctions
All FXDD platforms offer a free demo account option, allowing traders to practice and develop their trading strategies in a risk-free environment. The platforms are designed to accommodate a range of trading activities, from automated trading to mobile trading, while offering a consistent spread and a variety of instruments.
The choice between platforms typically revolves around the trader’s preferred device and whether they require advanced features such as automated trading or scripting. Each platform’s unique attributes, such as the commission structure and the type of order execution, cater to different trading styles and strategies.
FXDD’s array of trading platforms ensures that traders have the flexibility and tools necessary for a successful trading experience. Whether through the classic MT4 and MT5 platforms, the convenient WebTrader, or the on-the-move Mobile platform, FXDD accommodates all types of traders in the forex and CFD markets. With competitive spreads, a range of instruments, and regulatory compliance, FXDD remains a top choice for traders worldwide.
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