With multiple trading products and an advanced suite of analysis tools, Darwinex is an excellent online broker.
FXDD is an established forex and CFD broker founded in 2002. Regulated in Malta, Mauritius, Peru and Malaysia, the broker provides secure trading platforms, competitive ECN spreads and reliable 24/7 customer support. Competitive pricing and ultra-low latency is also offered via the broker's Direct Market Access execution model and tier 1 aggregated liquidity.
Pros
The broker's Trading Central integration offers daily fundamental market analysis, automated chart pattern software and market insights newsletters
FXDD is highly accessible for beginners with just a $1 minimum deposit to get started, plus cent, mini, micro and demo accounts
The broker offers VPS accounts for algo traders and experienced traders looking to run complex automated strategies
MAM and PAMM accounts are available for those who want to manage trader portfolios and earn commissions
The broker is regulated by various authorities that offer investor compensation and negative balance protection
The broker offers responsive 24/5 multilingual customer support via telephone, email and live chat
Cons
A $40 inactivity fee applies to accounts that have been dormant for more than 90 days, which is much higher than the $10 charged by many competitors
Withdrawal fees apply for more than one payment per calendar month, which is particularly punitive for active traders
There's a $25 withdrawal fee for payments under $100, which is steep and will impact beginners and casual traders
FXDD offers around 150 instruments - a narrow range compared to the hundreds offered at most top brokers
The broker's market insights section is outdated and trails leading competitors
Awards
Most Transparent Broker in Europe 2022 - ForexRating.com Awards
Most Trusted Broker - The Forex Expo Dubai 2021 Awards
Best Forex Broker - The Forex Expo Dubai 2020
Best Regulated Forex Broker - Saudi Money Expo 2018
Expert Advisors (EAs) on MetaTrader. Entity dependent.
Copy Trading
No
No
Social Trading
Yes
Yes
Trade Signals
Yes
Yes
VPS Hosting
No
Yes
Tournaments
No
No
Demo Competitions
No
No
Ethical Investing
No
No
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Islamic Account
No
Yes
Account Currencies
USD
EUR
GBP
USD
EUR
GBP
JPY
CHF
Commodities
Gold
Silver
Natural Gas
Silver
Gold
Oil
CFD
Start trading across the markets with CFDs.
Traders can access CFDs across forex, indices, commodities and stocks. There are no restrictions on short-term strategies, which is good news for scalpers and algo traders. There’s also an excellent range of free tools on offer, including a custom price ticker.
Leverage
1:30
1:500* Leverage varies depending on the region
FTSE Spread
0.7
2.30
GBPUSD Spread<
0.7
0.4
Oil Spread
0.03
6.0
Stocks Spread
Variable
Variable
Forex
Darwinex offers 1:30 leverage on forex pairs.
FXDD continues to offer a leading selection of 90+ currency pairs with ECN pricing. Spreads are decent, coming in at 0.4 pips for EUR/USD during testing. That said, these quotes aren’t as narrow as top competitors like Pepperstone.