FXDD vs FXCM Review

To find the top fx brokers, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare FXCM vs FXDD.

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. Both FXCM and FXDD hold a 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. FXCM is regulated in a major hub, FXDD isn't. FXCM is a publicly traded company while FXDD is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. FXDD boasts an offering of 54 different currency pairs compared to FXCM's 39 available pairs.

To round out our comparison of FXCM vs FXDD, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. FXCM and FXDD both 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. FXCM and FXDD offer the same number of charting tools, 31. Both FXCM and FXDD provide clients with access to 51 total indicators (eg, moving averages).

Overall, FXCM takes the upper hand with 4.50 stars over FXDD's 4.00 stars. And, when it comes to individual category awards, FXCM finished with awards Best in Class - Platforms & Tools, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018, while FXDD came up with none of these.