FOREX.com vs FXDD Review
Is FOREX.com better than FXDD? After scoring forex brokers on nearly 100 different variables, FOREX.com is better than FXDD. FOREX.com has plenty of options for Forex and CFD traders across its regulated offerings globally. With full-feature platforms, diverse trading tools, and comprehensive research, FOREX.com caters to traders of all experience levels.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. FOREX.com is a better option with a 4.50 star rating over FXDD's 4.00 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. FOREX.com and FXDD both are regulated in a major hub. FOREX.com alongside FXDD are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. FOREX.com offers its clients access to 84 different currency pairs while FXDD has 54 available pairs, a difference of 30.
To round out our comparison of FOREX.com vs FXDD, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Both FOREX.com and FXDD offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. FXDD offers its clients access to 31 charting tools while FOREX.com has 22 charting tools, a difference of 9. FOREX.com boasts an offering of 139 different indicators (for example, moving averages) compared to FXDD's 51 available indicators.
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.