FXD24 Broker Review
| Name of the Company | FX Direct S.A |
|---|---|
| Established In | 2003 |
| Online since | 2003 |
| International Offices | Hong Kong, Panama, Russian Federation, Switzerland and United Kingdom |
| Payment Methods | Credit/Debit Cards, Liberty Reserve, Web Money, Wire Transfer |
| Demo Account and Platforms | Meta Trader 4 |
| Account currencies | Euro, Swiss Franc, United States Dollar |
| Different Currency Pairs | AUD/CAD AUD/CHF AUD/JPY
AUD/NZD AUD/USD CAD/CHF CAD/JPY CHF/JPY EUR/AUD EUR/CAD EUR/CHF EUR/GBP EUR/JPY EUR/NZD EUR/USD GBP/AUD GBP/CAD GBP/CHF GBP/JPY GBP/NZD GBP/USD NZD/CAD NZD/CHF NZD/JPY NZD/USD USD/CAD USD/CHF USD/JPY |
| Are US Traders Allowed? | Yes |
| Languages in which website is available | Chinese, English, French, German, Russian, Spanish |
| Languages in which support is available | Chinese, English, French, German, Russian |
| Different Support Methods | Email, Live Chat, Web Form, Office |
| Types of Account (micro standard executive islamic) | ECN/STP, Real/Cent |
| Minimum Deposit in Accounts | $500 |
| Minimum position size | 0.01 lot |
| Type of Spread | Fixed |
| Minimum spread on EUR/USD, pips | 3 |
| Is Scalping Allowed | Allowed |
| Types of Trading instruments (GOLD; CFD, etc. and the leverage) | Forex – 1:500 |
| Real Trading platforms | Meta Trader 4 |
| Digits after the dot in quotes | 4 |
| Total Number of Currency Pairs | 28 |
| Is Hedging Allowed | Yes |
| Do they have Trailing stop | Yes |
| Do they have Pending orders | Yes |
| Mobile trading Allowed | Yes |
| Browser-based platform Present | Yes |
| Automated trading Present | Yes |
FX Direct S.A or FXD24 broker was founded in the year 2003 and they also started with the internet based online trading service the very same year. With its offices in Hong Kong, Russian federation, Panama, Switzerland and United Kingdom it has its customer base almost all over the globe. They have many features like they allow hedging, trailing stop, pending orders, browser based platform and automated trading. With browser based trading the trader is saved from downloading any software on their computer. Automated trading help the trader by placing the order by itself as instructed. The payment options include credit or debit cards, Liberty Reserve, Web Money and Wire Transfers. Though, the options are limited the transfer of money both in and out is fast and easy. The account currencies allowed are Euro, United States Dollar and Swiss Franc. They offer 28 currency pairs to trade with them and have all the major pairs. The company is not a regulated company but is known among the traders for its honesty.
Their website is available in 6 languages and is also very informative and easy to browse. The customer service is also multilingual and is very friendly. They can be reached using email, live chat, office and web form. The accounts that they offer are ECN/STP and Real/Cent. The minimum account deposit required to open an account with them is $500 and minimum trade size is 0.01 lots. They have a fixed spread which means that the trader will know the cost of the trade before placing the order. They also allow their traders to scalp. The trading platform for both demo as well as real accounts is Meta Trader 4 and is also the most used and reputed one in the forex market. The leverage on the forex trading is as high as 1:500.
The reviews have become the best way to know about a company and its services. The reviews for FXD24 shows that it is one of the most liked and reputed companies in the forex market. Most of its customers are happy with the service that it provides and the most liked thing about the company is that it has ECN or STP account which is available at a minimum deposit of $500. They have a currency pairs which are 28 in numbers and include all the major pairs. The trading platforms are Meta Trader 4 and it is very fast and helps with different charts and analysis. Hedging is also allowed to the traders. Mobile trading is also available and it is liked by many traders who are most of the time travelling. Some of the cons mentioned in the reviews is that they have a very limited payment methods and the absence of PayPal as one of the options is also a concern. The number of account currencies can also be increased. The average rating given to the company by its users is 5.9 out of 10 and is a pretty good score.