AMarkets vs FXDD

AMarkets vs FXDD Comparison Table 2024
AMarkets FXDD
2.8
4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

AMarkets is an established forex and CFD broker registered in the Cook Islands. Founded in 2007, the brokerage has over 1 million clients and is regulated in several offshore jurisdictions, including St Vincent and the Grenadines and Mwali. Over 1400 instruments are available on the popular MT4 and MT5 platforms.

FXDD is an established forex and CFD broker founded in 2002. Regulated in Malta, Mauritius, Peru and Malaysia, the broker provides secure trading platforms, competitive ECN spreads and reliable 24/7 customer support. Competitive pricing and ultra-low latency is also offered via the broker's Direct Market Access execution model and tier 1 aggregated liquidity.

Customer Reviews
3
Bonus Offer
25% welcome deposit bonus Available in Mauritius, Labuan, Peru
Comment by Reviewer
"The copy trading service at AMarkets will appeal to beginners while experienced traders will rate the wide range of trading products, including ETFs, bonds and cryptos." "FXDD remains a popular choice for experienced traders looking for reliable VPS hosting and automated trading tools. It will also serve any traders familiar with the MetaQuotes software, with both MT4 and MT5 on offer."
Pros
  • Cashback program with up to $17 rewarded for every lot traded, plus a VIP program with better trading conditions
  • A range of trading tools including a calculator, economic calendar, and sentiment indicators
  • Copy trading USD account with a $100 minimum deposit, leverage up to 1:500 and hedging
  • Regular trading news, forex analysis and trading ideas in the broker's Telegram channel
  • Micro Bitcoin (MBT) account available for beginners with a low 0.001 BTC deposit
  • No fees for deposits and a range of fast methods, including crypto transfers
  • Access to Autochartist analysis with signals and automated position entry
  • The broker's Trading Central integration offers daily fundamental market analysis, automated chart pattern software and market insights newsletters
  • FXDD is highly accessible for beginners with just a $1 minimum deposit to get started, plus cent, mini, micro and demo accounts
  • The broker offers VPS accounts for algo traders and experienced traders looking to run complex automated strategies
  • MAM and PAMM accounts are available for those who want to manage trader portfolios and earn commissions
  • The broker is regulated by various authorities that offer investor compensation and negative balance protection
  • The broker offers responsive 24/5 multilingual customer support via telephone, email and live chat
Cons
  • There are wider standard spreads than many competitors
  • We found that educational materials trail alternatives
  • No top-tier regulation reduces the trust score
  • Withdrawal fees up to 1.8%
  • A $40 inactivity fee applies to accounts that have been dormant for more than 90 days, which is much higher than the $10 charged by many competitors
  • Withdrawal fees apply for more than one payment per calendar month, which is particularly punitive for active traders
  • There's a $25 withdrawal fee for payments under $100, which is steep and will impact beginners and casual traders
  • FXDD offers around 150 instruments - a narrow range compared to the hundreds offered at most top brokers
  • The broker's market insights section is outdated and trails leading competitors
Awards
  • Best Value Broker Middle East 2020 - Global Forex Awards
  • Fastest Growing Forex Broker in the Middle East 2019 - Egypt Investment Expo
  • Best Execution Speed Highest Client Success Rate 2014 - IAFT Awards
  • Fastest Growing Broker 2013 - STP Broker Asia
  • Best Educational Program 2011 - Show FX
  • Most Transparent Broker in Europe 2022 - ForexRating.com Awards
  • Most Trusted Broker - The Forex Expo Dubai 2021 Awards
  • Best Forex Broker - The Forex Expo Dubai 2020
  • Best Regulated Forex Broker - Saudi Money Expo 2018
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, bonds Forex, CFDs, Indices, Stocks, Commodities
Demo Account
Yes Yes
Minimum Deposit
$100 $200
Trading Platforms
  • MT4
  • MT5
  • WebTrader
  • FXDD Mobile App
  • MT4
  • MT5
Payment Methods
Credit Card, Wire Transfer, Visa, Mastercard, Neteller, Skrill & other PSP providers depending on the region.
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSA SVG MFSA, FSC, LFSA, SBS
Margin Trading
No Yes
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No Yes
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader. Entity dependent.
Copy Trading
Yes No
Copy Trading Platform
The copy trading service is a good option for newer traders and you can pick investors to follow based on their profitability, fees, number of followers and more. The $100 starting deposit is also accessible for beginners.
Social Trading
Yes Yes
Trade Signals
Yes Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • JPY
  • CHF
Commodities
CFD Trading
Experienced traders can access leverage up to 1:1000 on a range of CFDs across metals, energies, indices and more. Beginners can also follow and copy successful CFD trades in the copy trading account. Traders can access CFDs across forex, indices, commodities and stocks. There are no restrictions on short-term strategies, which is good news for scalpers and algo traders. There’s also an excellent range of free tools on offer, including a custom price ticker.
Leverage
1:1000 1:500* Leverage varies depending on the region
FTSE Spread
64 2.30
GBPUSD Spread
0.6 0.4
Oil Spread
3 6.0
Stocks Spread
Variable Variable
Forex Trading
AMarkets offers a decent range of 42 majors, minors and exotics with low spreads from 0.2 pips in the ECN account. With that said, Standard account spreads come in at around 1.5 pips for EUR/USD, which is higher than the best forex brokers. FXDD continues to offer a leading selection of 90+ currency pairs with ECN pricing. Spreads are decent, coming in at 0.4 pips for EUR/USD during testing. That said, these quotes aren’t as narrow as top competitors like Pepperstone.
GBPUSD Spread
0.6 0.4
EURUSD Spread
0.3 0.5
EURGBP Spread
1.5 1.6
Assets
42 90+
Cryptocurrency
Access a decent range of crypto pairs against USD and deposit just 10 MBT to access the broker's Micro Bitcoin account. Deposit methods include Bitcoin, Binance Coin and Ethereum. Crypto trading not offered
Spread
From 30
Coins
  • BTC
  • BCH
  • DSH
  • ETC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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