FXDD (FXDirectDealer, LLC) is a member of Compagnie Financière Tradition, one of the world’s top three interdealer forex brokers servicing since 1959. FXDD is placed at New York, USA. In this forex broker’s review we will take a look about the trading term, capital, leverage, spread, swap, trading platform, opening account, deposit and withdrawal operation, bank guarantee, customer support, and partnership.
Here in FXDD, you can trade mini forex and standard forex. In this forex broker, you can trade minimal 10,000 lots (equal as 0.1 lots) at mini forex, and 100,000 lots (equal 1 lot) in standard forex. To start trading in this forex broker, you need to deposit minimal $500 for mini account and minimal $5000 for standard account. FXDD gives leverage 1:200 for mini forex and 1:100 for standard forex. This forex broker actually has the tight spreads, between 2-3 pips in the major currency. However, at FDD, the spread is not fixed; the spread can fluctuate in volatile market such as when the news time. When you trading at FXDD overnight, you will be charged of rollover rates or might be familiar with the term swap in other forex brokers. FXDD has three different trading platforms. Fisrt, in this forex broker, there is FXDD trader trading platform; FXDD trader trading platform is the FXDD’s priority platform that offers streamlined trading, charting, as well as a host of unique features such as margin monitor, advanced reporting, and multiple account capabilities.
Second, this forex broker has Meta trader trading platform that almost of us had familiar with this trading platform because most of other retail forex brokers use it. Third, this forex broker has Power trader trading platform; this trading platform provides upwards of $100 million in liquidity for institutional or private clients looking for fast, reliable execution of large, block trades (5 million, 10 million and over). There are three kinds of account in this forex broker, individual applicant, join applicant, and corporate applicant. You can do fast online registration when you want to registered as FXDD’s individual applicant.
However, you only can register by fax or mail when you apply as join or corporate applicant. FXDD supports online and offline deposit/withdrawal operation. In this forex broker, you can deposit/withdraw offline by wire transfer and mailing check. You can also do deposit and withdraw online by using Pay Pal and Broker Processing Service (BPS). There is no Bank guarantee in this forex broker. FXDD have 24 hours customer support, but you can only access this forex’s broker by email because in there is not live chat customer support in this forex broker.
Last but not least, FXDD has the attractive IB programs; this forex broker offers rebates to their IB. Wrapping up, FXDD might be one of alternative for senior forex trader. However, if you are newbie in forex trader, better find another forex broker that have less minimal deposit and have faster deposit/withdrawal payment such as e-gold payment.