FXDD Standard and ECN Account type - Which is better?
FXDD provides Standard and ECN pricing models, diverse trading platforms, easy account opening, and multiple transaction methods to cater to various trading needs.
FXDD offers two customized pricing models – Standard and ECN – along with a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and its proprietary platform, to cater to diverse trading needs.
Standard or ECN Pricing: A Tailored Approach to Your Trading Needs
In the diverse universe of trading, the selection of an appropriate pricing model can significantly steer your trading journey, potentially impacting your overall profitability and trading satisfaction. Recognizing the unique requirements of different traders, FXDD is proud to offer two distinct, thoughtfully designed pricing options – Standard and ECN. Each option is tailored to meet specific trading needs and preferences.
FXDD’s Standard Pricing model is a well-crafted option, designed specifically to cater to the needs of self-directed traders. This pricing model offers the advantage of low spreads, eliminating the need for commissions, hence making trading cost-effective. Despite being commission-free, FXDD does not compromise on the quality of execution and service, ensuring that traders receive top-notch service.
Key features of FXDD’s Standard Pricing include:
Guaranteed zero slippage on entry orders, providing traders with the exact price they want, without any deviations.
A fill-or-kill execution strategy that ensures orders are executed in their entirety, with no partial fills. This feature is particularly beneficial for traders who prefer a complete execution of their orders.
A commission-free structure, enabling traders to engage in trading activities without worrying about any additional costs.
The availability of price improvements on limit orders, giving traders the opportunity to achieve a better selling or buying price than originally specified in their limit orders.
ECN Pricing: Embrace Ultra-Low, Direct Raw Spreads
In contrast to FXDD’s Standard Pricing, the ECN Pricing model is tailored for traders who prefer to access ultra-low, direct raw spreads. This pricing model offers an ECN style pricing that is test tradable, complemented by high-speed execution and a high fill rate exceeding 99%. The emphasis is on providing traders with an efficient, cost-effective trading experience.
The commission list ranges from a minor $0.0299 per 1,000 for major pairs including EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, EUR/JPY, GBP/JPY, to a still affordable $0.0499 for all other pairs.
If you find yourself grappling with the decision between FXDD’s Standard and ECN pricing models, fret not. FXDD’s award-winning customer support team, renowned for their professionalism and friendliness, are always on standby to guide you towards the best decision for your individual trading goals.
Trading Platforms: Harness the Power of Technology
At FXDD, they believe in empowering the traders with the best tools in the industry. That’s why FXDD offers a carefully selected range of trading platforms, designed to cater to the diverse needs and preferences of traders across the spectrum.
FXDD’s MetaTrader 4 platform is more than just a trading platform. Over the course of 15 years, FXDD’s tirelessly optimized and updated the FXDD MetaTrader 4 system, transforming it into a powerful, user-friendly platform that simplifies trading while maximizing efficiency. It’s loved by both manual and automated traders, making it a platform of choice among forex brokers.
Key features of FXDD’s MetaTrader 4 platform include:
Trading capabilities for a wide range of financial instruments including forex, stocks, indices, and commodities, providing traders with ample opportunities to diversify their portfolio.
Full support for Expert Advisors, enabling traders to automate their trading strategies and take advantage of algorithmic trading.
A flexible leverage structure ranging from 1:1 to 1:30‡, with the provision for Professional clients to access a higher leverage of 1:100, allowing traders to maximize their trading potential.
Compatibility with various operating systems including Windows, Mac, Web, and FXDD Mobile, ensuring seamless trading across different devices.
MetaTrader 5: The Next Generation of Trading Platforms
FXDD’s MetaTrader 5 platform is not just an upgrade, but an evolution in trading technology. Having earned the title of “Best MT5 Broker” consecutively from 2015 to 2017, the MetaTrader 5 platform is geared towards enhancing your trading experience with more advanced tools and features.
Key attributes of FXDD’s MetaTrader 5 platform include:
Improved charting tools that provide comprehensive, up-to-the-minute market analysis, allowing traders to make informed decisions.
More pending order types, giving traders greater flexibility and control over their trading activities.
The integration of economic events directly on your charts, providing a seamless blend of market data and charting capabilities.
A built-in marketplace, allowing traders to access a wide range of trading tools and services within the platform.
An upgraded strategy tester, providing traders with the means to backtest their trading strategies with historical data.
The ability to trade on the go with MetaTrader 5 Mobile, enabling traders to manage their accounts from anywhere, anytime.
MetaTrader 5 Web Trading – offering the capability to trade the markets from any browser, providing flexibility and convenience.
Proprietary Trading Platform: Your Personalized Trading Portal
FXDD’s proprietary trading platform, designed with a user-friendly, web-based interface, provides easy access anytime, anywhere. This platform is tailored for the more experienced trader and is exclusively available with the ECN pricing model.
Noteworthy features of FXDD’s proprietary trading platform include:
Comprehensive trading capabilities for a broad spectrum of financial instruments including forex, stocks, indices, and commodities.
Full support for Expert Advisors, allowing traders to automate their trading strategies.
A flexible leverage structure ranging from 1:1 to 1:30.
Compatibility with various operating systems including Windows, Mac, Web, iOS, Android, providing traders with the flexibility to trade on their preferred device.
A unique position-based trading system, providing a holistic view of all open positions.
Embarking on Your Trading Journey: Opening an Account
Whether you’re based in Malta or Mauritius, you have the flexibility to choose the regulated entity under which to open your trading account. Both locations offer a wide array of offerings such as Virtual Private Server (VPS), Financial Information Exchange (FIX) API, multi-asset trading, Electronic Communications Network (ECN) trading, and many more. You also have the option to choose between an individual, demo, or corporate account, depending on your trading needs and objectives.
Simplifying Transactions: Funding Your Trading Account
FXDD understands the importance of smooth and hassle-free transactions in the trading process. Hence, FXDD offers a variety of methods for depositing and withdrawing funds quickly and effortlessly. There are no fees associated with making a deposit, and you are free to withdraw your funds at any time. To make a deposit to your trading account, you simply need to login to the customer portal. If you’re a new customer and don’t have a Customer Portal username, you can easily register for one.
Should you require any assistance, FXDD’s dedicated customer support team, renowned for their professionalism and efficiency, is always ready to assist. You can reach them at [email protected]. Embark on your trading journey with FXDD, and experience a trading environment that is designed with your needs in mind.