Company Profile
Company Profile
Review summary
General Information
NDDFX is an online forex broker registered in Belize, offering diversified range of trading instruments, including Forex, Metals, Crypto CFD, Indices, CFD Shares, Energy Carries, ETF CFD through the leading MT5 trading platform. Investors have the flexibility to choose among ECN NDD, DMA NDD and FIX API accounts, with the minimum deposit to start with this broker reaching up to $500.
Please note that this forex broker is not subject to any valid regulation.
Market Instruments
NDDFX says it offers clients the opportunity to trade with Forex, Metals, Crypto CFD, Indices, CFD Shares, Energy Carries, and ETF CFD.
Account Types
Three trading accounts are available on the NDDFX platform, namely ECN NDD, DMA NDD, and FIX API accounts.
To open an ECN NDD account, you need to fund at least $500, while the other two account ask more, with the DMA NDD account from $10,000, the FIX API account from $50,000.
Overall, the minimum deposit requirement is strict on the NDDFX platform, much higher than its competitors account-opening amounts. Please be aware of the risk.
How to open an account with NDDFX？
Both live and demo account can be opened easily with the NDDFX platform. A demo account is here for beginners to get a feel of this platform and practice their trading skills. To open a live account, a few steps are listed below:
1. Click on the “Open an account” link on the homepage of the NDDFX website.
2. Fill in some required details and upload your personal document for verification.
3. After approval, your account will be registered successfully.
4. Fund your account and start to trade on this platform.
Leverage
With the NDDFX platform, the maximum trading leverage that traders can use is up to 1:200, higher than levels considered appropriate for retail traders by many regulatory authorities.
Please note that high leverage is not always the good thing, as it may increase your profits, but more importantly, it can cause serious fund losses, especially to inexperienced traders.
Spreads & Commissions
NDDFX hypes that its ECN account offers spreads from 0.0 pips, with a commission of $3 per lot.
Trading Platform
NDDFX offers its clients access to the leading MT5 trading platform, available on the PC, MAC, IOS, Android devices. MT5 is a multi-market platform that allows traders to trade forex, indices, metals and more, featuring technical and fundamental analysis, Algo trading for inexperienced traders to copy trades of successful traders.
MyFXBook Autotrade and Zulutrade are also available.
Payment Methods
NDDFX only supports deposit and withdrawal through Cryptocurrencies, Bitcoin, Ethereum, USDT and Litecoin. The Minimum deposit is $100, and the minimum withdrawal amount is $25.
Payments made by Crypto-wallets are subject to a certain fee, from 0.5% to 2%.
There are some key points for deposit and withdrawal for to note:
1. All deposit starting from $5,000 or equivalent, processed in one transaction by bank wire transfer are included in this brokers zero fee policy.
2. This broker will cover your transaction fees up to 100 USD or equivalent. Just email a copy of your bank statement or any other confirmation document for the transferred deposit to its support team. This broker will compensate you fee within one calendar month after deposit was made.
Customer Support
NDDFX leaves no contact information for clients with any inquiries to contact it. Only a contact form is displayed on its homepage for clients to fill in some required details and then wait to be connected.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
