After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare FOREX.com vs FXDD.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. FOREX.com is a better option with a 4.5 star rating over FXDD's 4 star rating.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Both FOREX.com and FXDD are regulated in a major hub. Both FOREX.com and FXDD are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. FXDD trails FOREX.com by 30 total currency pairs (for example, EUR/USD), with FOREX.com offering 84 and FXDD offering 54.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. FOREX.com and FXDD both offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. FXDD offers its clients access to 31 charting tools while FOREX.com has 22 charting tools, a difference of 9. FXDD trails FOREX.com by 88 total different indicators (for example, moving averages), with FOREX.com offering 139 and FXDD offering 51.
Overall, FOREX.com boasts 4 stars versus FXDD's 3.5 stars. And, when it comes to individual category awards, FOREX.com posted awards Best in Class - Research and Best in Class - Mobile Trading in 2018, while FXDD found itself with none of these.