ICICI Direct vs fxdd, Who's Better?
ICICI Direct Rating
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fxdd Rating
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75% of retail investor accounts lose money when trading CFDs with Triton Capital Markets Ltd |
ICICI Direct vs fxdd Guide |
Read our In-Depth ICICI Direct vs fxdd Review - 2024 Update
This ICICI Direct vs fxdd review has been updated to reflect any changes for 2024 by industry experts with significant financial experience across Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of ICICI Direct vs fxdd does not apply to all countries as follows:
ICICI Direct Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
fxdd Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare ICICI Direct vs fxdd
All platforms for online trading feature certain ups and downs, and a complete ICICI Direct and fxdd review should not be regarded as thorough without embracing an objective perspective.
Examine ICICI Direct and fxdd in order to understand the way they line up with each before you decide to create an account. A comparative analysis can place factors in perspective so that you remain cognizant of what you should anticipate.
So you are looking for a reputable broker and are choosing between ICICI Direct or fxdd. Who should you choose?
This ICICI Direct vs fxdd comparison contains the latest information so you can easily compare fxdd against ICICI Direct.
If you're a new entrant in the realm of trading and brokers, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You will acquire proficient at all of the concepts of brokerage since you continue trading. For starters, you have to choose the ideal agent who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. ICICI Direct and fxdd are just two such platforms which will take you along with your investment into great heights. It is crucial that you compare ICICI Direct vs fxdd until you trust them with your cash.
Our ICICI Direct vs fxdd comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ICICI Direct and fxdd side by side.
Our full ICICI Direct vs fxdd Review covers everything you will need to know about trading with either ICICI Direct or fxdd. A fantastic agent can multiply your initial investments and give you favorable profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investing goals.
There is no sure-fire method to ensure profits; thus, you should carefully assess your agent before you select them. It is a frequent misconception that all agents are the same, but that is not true. Wrong judgment, initially, can set your investments at risk.
ICICI Direct and fxdd are both brokers which have paved their way successfully to the brokerage world. In this review, we've attempted to collate some of the important aspects of both ICICI Direct and fxdd. This review can help you to understand whether either fxdd or ICICI Direct is a fantastic match for your own investments or not. We've attempted to breakdown all of the qualities and charges for your advantage.
Benefits of ICICI Direct and fxdd Compared
ICICI Direct offers a minimum deposit of $0 while fxdd offers a $250 minimum deposit.
Why smaller minimum deposits are good and how ICICI Direct and fxdd compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
ICICI Direct allows you to trade around 5000 financial instruments whilst fxdd has around 5000 available.
The more financial instruments you can trade on the ICICI Direct and fxdd platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of ICICI Direct or fxdd.
ICICI Direct and fxdd Contact Details
Being able to contact your broker simply is vital. ICICI Direct and fxdd have the following contact details and social medias that you can use.
Broker | ICICI Direct | fxdd |
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Telephone Number | +1 212 266 0700 | |
support@fxdd.com.mt | ||
Address | 7 World Trade Ctr, Fl 32, New York City, New York 10007, US | |
ICICI Direct Twitter Account | fxdd Twitter Account | |
ICICI Direct Facebook Page | fxdd Facebook Page | |
ICICI Direct Instagram Account | fxdd Instagram Account | |
ICICI Direct LinkedIn Page | fxdd LinkedIn Page | |
YouTube | ICICI Direct YouTube Channel | fxdd YouTube Channel |
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fxdd and ICICI Direct Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of ICICI Direct and fxdd we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
ICICI Direct vs fxdd - Awards
Broker | ICICI Direct | fxdd |
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Awards | At the time of writing this ICICI Direct review, and despite ICICI Direct’s impressive offering, the company has surprisingly not garnered any awards to date. |
fxdd have won many industry awards over the time they have been operating as an online trading platform. We list the most notable awards for fxdd here.
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ICICI Direct vs fxdd - Frequently Asked Questions
ICICI Direct vs fxdd - Headquarters And Year Of Founding
ICICI Direct was founded in 1994 and has its head office in India.
fxdd was founded in 2010 and has its head office in Belize.
What is the minimum deposit for fxdd or ICICI Direct
The minimum deposit for ICICI Direct is $0.
The minimum deposit for fxdd is $250.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both ICICI Direct and fxdd are a good choice.
ICICI Direct vs fxdd - Regulation And Licencing In More Detail
ICICI Direct is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
fxdd is regulated by Malta Financial Services Authority MFSA IS/48817. Financial Services Commission, Mauritius. License Number C117017252.
Both ICICI Direct and fxdd have a powerful set of rules for ensuring honest trading on their own platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare ICICI Direct vs fxdd Commission And Fees
ICICI Direct and fxdd are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled much better. That is, an online broker isn't necessarily influenced by the number of customers they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are primarily three different types of penalties for this objective.
The first kind of fees to keep an eye out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In these cases, you are paying a spread, funding speed, or a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Financing or overnight rates are people who are charged when you maintain a leveraged position for longer than daily.
Aside from trading charges, online agents also bill non-trading fees. These are dependent on the activities you undertake on your accounts. They are billed for surgeries like depositing cash, not investing for long periods, or withdrawals.
In general, neither ICICI Direct or fxdd charge high fees compared to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller amount. This can be beneficial for those who regularly trade, such as weekly or daily trading.
However, non-trading fees charged by ICICI Direct and fxdd are relatively greater. Consequently, you are charged more for non-trading actions in your trading accounts, such as withdrawal and deposits. These are not about the purchase and sale of resources.
This ICICI Direct vs fxdd review for 2024 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For ICICI Direct And fxdd
What Languages Do ICICI Direct And fxdd Support?
Being able to talk completely with your trading broker is a key way of comparing brokers to find your perfect broker. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key part of success when trading forex.
Here you will find the languages that both ICICI Direct and fxdd offer communication in.
How Many Clients Do ICICI Direct and fxdd Have?
Both ICICI Direct and fxdd are well known and trusted. It is really important to work with a broker that is professional and one of the most simple ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many users ICICI Direct and fxdd have
Broker | ICICI Direct | fxdd |
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Clients / Users | 2,000,000+ | 14,000,000+ |
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What Payment Methods Do ICICI Direct and fxdd Accept?
ICICI Direct and fxdd both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at ICICI Direct and fxdd
What Can You Trade With ICICI Direct and fxdd?
ICICI Direct offers 5000 trading instruments and fxdd offers 124.
Below you will find a full breakdown of what both ICICI Direct and fxdd offer.
ICICI Direct Review
ICICI Direct vs fxdd:
Table Of Contents
- Compare ICICI Direct vs fxdd
- Benefits of ICICI Direct and fxdd Compared
- fxdd and ICICI Direct Mobile App Comparison
- ICICI Direct vs fxdd - Awards
- ICICI Direct vs fxdd - Frequently Asked Questions
- What is the minimum deposit for fxdd or ICICI Direct
- ICICI Direct vs fxdd - Regulation And Licencing In More Detail
- Compare Broker Fees For ICICI Direct And fxdd
- What Languages Do ICICI Direct And fxdd Support?
- How Many Clients Do ICICI Direct and fxdd Have?
- What Payment Methods Do ICICI Direct and fxdd Accept?
- What Can You Trade With ICICI Direct and fxdd?