fxdirectdealer , llc ( known as fxdd ) is a provider of foreign exchange trading for retail and institutional clients .

the company provides access to the spot foreign exchange market through proprietary and third-party trading software , including : metatrader 4 , fxdd swordfish , powertrader , vikingtrader , mirror trader , and jforex .

fxdd

fxdd posted a video
fxdd - empower your every forex trade .
on youtube
press release : fxdd : fxcm to acquire u . s . retail forex accounts of fxdd
fxdd – what can i trade in fxdd trading account ? | faq – hercules . finance
fxdd - what can i trade in fxdd trading account ? | faqs | hercules . finance
fxdd currently has 23 , 434 followers on twitter . as of august 2016 fxdd had 23 , 334 followers . fxdd currently has 24 , 359 fans on facebook
owler has collected 14 screenshots of fxdd ' s website since may 2014 . the latest fxdd website design screenshot was captured in jun 2018 .
fxdd is a provider of forex trading technologies for individuals and institutional traders . fxdd was founded in 2002 . fxdd ' s headquarters is located in hamilton , other , bm 11 . fxdd has an estimated 78 employees and an estimated annual revenue of 14 . 5 . . .
fxdd is a provider of forex trading technologies for individuals and institutional traders . fxdd ' s headquarters is in hamilton , other . for every employee , fxdd generates $ 186 . 4k in revenue . fxdd ' s main competitors are markets . com , novicap and kraken . as of june 2018 , fxdd has 24 . 4k fans on facebook and 23 . 4k followers on twitter .
fxdd global launches offshore based ‘fxdd trading’ with up to . additionally , the order finds that fxdd was undercapitalized for 41 days between september 30 , 2013 and december 13 , 2013 in violation of the prior order . fxdd global , a leader in online forex trading , today announced the launch of fxdd trading . the new entity is based in bermuda , long considered an offshore financial .
can i trade micro lots ( 0 . 01 lot ) in fxdd mt4 ?
fxdd • review and rating com • reviews 2017 currency mountain holdings , whose main shareholder is also part of fxdd , has become the main shareholder of a holding firm called nukkleus . fxdd - get the details about advantages and disadvantages of this forex broker . thank you . fxdd provides traders a number of trading platforms to choose from metatrader 4 , mtxtreme , metatrader 5 , fxdd trader . payment options .
glassdoor gives you an inside look at what it ' s like to work at fxdd , including salaries , reviews , office photos , and more . this is the fxdd company profile . all content is posted anonymously by employees working at fxdd .
fxdd - babypips forum each of these violations , the order finds , was a result of fxdd’s inadequate supervisory system and its failure to diligently supervise employees , officers , and agents with respect to the handling and monitoring of fxdd’s compliance with its minimum financial requirements . fxdd - peter davis is the official representative of fxdd . if you have any . query about missing on demo trading summary . thread display options .
brokers trading on the fxdd experience the global market advantage of the exchange floor . forex market contract offerings on fxdd offer deep market liquidity for quick option fills . continuous reporting on fxdd is round - the - clock . with fxdd traders have early access to bull and bear market insights . for the lowest cost per trade execution from a reliable forex exchange , come to fxdd for the most return on investment .
the fxdd m1 data only goes back to ~ 2005 but it does come from a single price feed ( fxdd ' s ) so the quality is inherently higher .
new york , may 12 , 2015 / prnewswire / - - fxdd global ( www . fxdd . com ) , a leader in international online f . . .
new york , jan . 16 , 2015 / prnewswire / - - fxdd global ( www . fxdd . com ) , a leader in international online . . .
fxdd forex options - forex ambush the order also finds that fxdd violated cftc minimum financial requirements by making three prohibited equity withdrawals between january 13 , 2014 and february 14 , 2014 . fxdd forex options forex always involves two currencies one currency being bought , exchange for another currency . fxdd forex options most importantly , there is a .
new york , nov . 24 , 2015 / prnewswire / - - fxdd global ( www . fxdd . com ) , a leader in online foreign exchan . . .
forex trading group turkey fxdd , fx direct dealers online forex trading , mobile software platforms & support open a trading account today fxdd forex trading , fx broker , software read . . .
fxdd ' s new robox powered by tradency aims to help traders find strategies . . . .
online online currency trading forex fxdd , fx direct dealers online forex trading , mobile software platforms & support open a trading account today fxdd forex trading , fx broker , software more . . .
fxdd global ( malta ) - - - no u . s . clients ; accepts canadian clients
unfortunately , there are no fxdd bonuses or promotions available . it , however , should not be a good enough reason not to join the fxdd trade and accept their services . although this is an inconvenience for many clients , fxdd has so many positive characteristics that redeem for this weakness .
fxdd malta ltd . company overview fxdirectdealer , llc ( fxdd ) malta ltd . is a new york city headquartered global exchange offering exotic and traditional currency pairs to maximize forex profits . for over a decade , fxdd has provided brokers with world - class forex exchange technology and services . fxdd employs more than 180 forex specialists speaking 13 different languages . fxdd is a trading solution designed to the meet the needs of brokers , institutional traders , hedge funds , money managers , and white labels .
if my interpretation is correct , fxdd seems to have a very casual attitude about all of this .
nfa hits fxdd with multiple charges including asymmetric slippage , fine will cost it over $ 3 . 5m
the broker has also set up an offshore unit based in bermuda , doing business as fxdd trading .
morgan partners llc acts as exclusive financial advisor to fxdd in its acquisition of boston technologies , inc .
met some great people while working at fxdd . beautiful office and free working environment , tons of opportunities .
novicap is fxdd ' s # 2 competitor . novicap is headquartered in london , england , and was founded in 2014 . novicap operates in the personal products industry . novicap generates 20 % the revenue of fxdd .
urltoken is a top competitor of fxdd . urltoken was founded in strovolos , other } in 2008 . urltoken competes in the diversified financial services industry . compared to fxdd , urltoken generates $ 13 . 5m more revenue .
the order issued to fxdd today , as well as imposing the aforementioned $ 275 , 000 civil monetary penalty , includes a cease and desist order against fxdd for its violations . the order also notes that in settling this matter , the cftc took into account fxdd’s cooperation and the corrective action it undertook after its deficiencies were discovered .
following the disposal of its us client base , fxdd is looking for some acquisitions to strengthen its . . .
so if there is no fxdd , can the company still be forced to pay the fine ? i thought fxdd had already left usa behind . assuming they are guilty , what would happen if they didn’t pay the fine ?
edit : ah , just after i post this , i notice ramy points out the fxdd regulatory issues . lol
all financial instruments offered is available for trading with fxdd in any trading account types . you just need to open up one account and you can build up a diversified portfolio including forex , cfds and precious metals with fxdd .
as of august 2016 fxdd had 21 , 626 fans . that ' s a 12 percent increase in 2 years .
each of these violations , the order finds , was a result of fxdd’s inadequate supervisory system and its failure to diligently supervise employees , officers , and agents with respect to the handling and monitoring of fxdd’s compliance with its minimum financial requirements .
company profile : fxdd malta limited ( fxdd
) is licensed to provide investment services by the malta financial services authority in malta under category 3 licence in terms of the investment services act ( license no . is / 48817 ) in 2010 .
kraken has been one of fxdd ' s top competitors . kraken is a private company that was founded in 2011 in san francisco , california . kraken operates in the diversified financial services industry . compared to fxdd , kraken has 124 more employees .
fxdd ' s revenue is the seventh highest among it ' s top 10 competitors . the top 10 competitors average $ .
fxdd has employees and is the third highest among it ' s top 10 competitors . the top 10 competitors average 64 .
ironfx reviews announce the merger between ironfx and fxdd inc . , one of the pioneers in the retail fo . . .
want a full history search for c - fxdd dating back to 1998 ? buy now . get it within one hour .
fxdd makes use of an unusually large array of trading platforms , aside from the ever popular metatrader 4 . they include :
fxdd forex broker review and rating , general info forex awards fxdd has been registered with the cftc as an fcm since december 10 , 2009 and as an rfed since september 2 , 2010 . in short , fxdd is a proper choice for those who look for a non - dealing desk broker with reasonable spreads , a number of trading platform options and a decent .
8 . 12 services agreement the fxdd services agreement shall be in full force and effect on terms acceptable to the company .
i applied online . the process took 1 day . i interviewed at fxdd ( new york , ny ) in august 2011 .
new york - - ( business wire ) - - fxcm to acquire u . s . retail clients of fxdd . . .
1 . 2 compliance with gaap , etc . the fxdd financials ( including any notes thereto ) ( a ) are complete and correct and were prepared in accordance with the books and records of fxdd malta limited , ( b ) fairly present the consolidated financial position of fxdd malta limited as at the respective dates thereof and the consolidated results of the operations of fxdd malta limited for the periods therein specified and ( c ) have been prepared in accordance with gaap applied on a basis consistent with prior accounting periods .
“fxdd malta will be at the forefront of the retail forex industry , ” said lubomir kaneti , a director of fxdd malta . “it will offer clients the best of both worlds : proven reliable technology based on the experience of fxdd malta functioning in a regulatory framework that allows customers the freedom to choose their leverage and style of trading , as well as protection of customer assets . ”
ln october 2012 , the bcc issued a second complaint against fxdd , charging the firm with failing to adequately investigate suspicious activity in several customers’ accounts , and failing to conduct annual aml training . a settlement on both counts followed in september 2013 with fxdd paying more than $ 1 . 8 million in restitution to fxdd customers , and a fine to the nfa of over $ 1 million .
fxdd malta limited , doing business as fxdd global , holds a category 3 investment services license issued by the malta financial services authority ( the mfsa ) , which allows them to provide any investment service , to hold clients’ money and to deal on own account .
clients of fxdd malta will be able to use many trading platforms including metatrader4 , mtxtreme , fxdd trader , fxdd auto , and multibank ecn hubs using currenex and integral technology . clients will be able to choose between ticket - based or position - based platforms and will have more options for higher leverage levels . in accordance with european regulations , client funds will be segregated from the firm’s capital .
the following payment methods are available to fxdd clients : credit cards , bank wire transfer , skrill , neteller , and safecharge cashier .
in addition to transactions in many foreign currency contracts , fxdd malta’s clients will also be able execute transactions in gold and silver contracts ; all of these executable instruments will be displayed in 11 languages and will make fxdd malta one of the premier global retail forex dealers .
because fxdd reported its adjusted net capital on a consolidated basis with its subsidiary , fxdd apparently did not realize that , according to the cftc’s findings , and on the required stand - alone basis it failed to satisfy its adjusted net capital requirements throughout most of this period .
fxdd is an online foreign exchange trading company dedicated to providing superior customer service to both individual and institutional traders . the company offers trading software , trading services , and trading tools . fxdd created the first enterprise - level technology , which supports the popular trading platform metatrader 4
the order imposes a $ 600 , 000 civil monetary penalty against fxdd for its violations , as well as a cease and desist order and a three - year registration ban as an fcm or rfed . the order notes that in settling this matter , the cftc took into account the corrective action that fxdd undertook after its deficiencies were discovered and fxdd’s pending request to withdraw its registrations as an fcm and rfed .
new york - - ( business wire ) - - fxdd global , a leader in international online foreign exchange trading , an . . .
“cease and desist order”… . does that mean no more fxdd forex trading operations in the usa as of this moment ? that’s pretty serious .
according to information obtained exclusively by forex magnates , the national futures association ( nfa ) has served a complaint to fxdirectdealer llc ( fxdd ) and joseph botkier , ceo of the company , as he was serving as principal of fxdd , during the times relevant to the complaint .
fxdd fxdd metatrader mt4 brokers best mt5 forex commodity futures trading commission ( cftc ) today issued an order filing and simultaneously settling charges against fxdirect dealer , llc ( fxdd ) , a cftc - registered retail foreign exchange dealer ( rfed ) and futures commission merchant ( fcm ) headquartered in new york , new york , for failing to meet the minimum financial requirements for rfeds and fcms , failing to supervise its employees , and failing to comply with a prior cftc administrative order dated september 30 , 2013 ( prior order ) ( see cftc press release ) . fxdd forex direct dealer . fxdd was established in 2002 and does its business out of north america . this institution deals with individuals as well as institutional .
headquartered in malta , fxdd global ( also known as fxdd europe ) is a leading foreign exchange dealer that delivers innovative technologies . it offers trading in more than 20 currency pairs , indices , metals , and energy cfds , as well as binary options on a myriad of trading platforms .
account types the fxdd solution begins with an account . fxdd individual and institutional solutions are designed to empower performance . live account registration takes under ten minutes via the online application , fax or mail . clients can begin with a demo account , to explore the world of forex trading risk free .
fxdd forex factory - day trading penny slots their excuses varies from we were not aware to with in three days to one week to bank holiday to did not recieve your request . totally suck , my live acount , over 300 usd eaten by their so called stupid trick stopout . . . fxdd forex factory first hft should not have information on the order book . fxdd forex factory if the price still goes according tothe trend , you close the second .
leverage leveraged funds applied to fdxx metatrader 4 trading software platform exchange accounts have a higher than average revenue potential than on other sites . while fxdd is regulated by european union authorities , the malta ltd . exchange offers over - the - counter ( otc ) options trading to international brokers . the global trading resource for forex options , fxdd offers alternate revenue streams to increase return on investment in orders of magnitude . come to fxdd for better volume rebates on spot pricing . fxdd beats the competition with referral rebates on fx options at competitive prices averaging $ 200 to $ 300 per million in eur / usd trades .
designed especially for institutional and high volume traders , powertrader is fxdd’s version of currenex , one of the deepest liquidity pools in the spot foreign exchange market . it offers very competitive inter - bank rates with ecn execution and allows clients to use fxdd liquidity with five of the world ' s major market makers .
regulators & safety fxdirectdealer , llc ( fxdd ) malta ltd . is a category 3 financial services firm . fxdd is a malta financial services authority ( mfsa is / 48817 ) registered exchange . fxdd is in compliance with the european commission’s ( ec ) european markets in financial instruments directive ( mifid ) . regulatory management of fxdd transactions is in accordance with securities trading rules laid forth by the financial authority of the uk fsa , france amf , germany bafin , italy consob , spain cnmv , netherlands afm , sweden fi , denmark fsa , hungary pszáf , slovakia nbs , and czech republic cnb in oversight of exchange trading .
according to the order , during the period march 20 , 2013 to december 11 , 2013 , fxdd improperly included certain funds held in an account at an unregulated entity in its anc computations . after excluding those funds as required , the order finds that fxdd was undercapitalized for 96 days between april 24 , 2013 and december 13 , 2013 . additionally , the order finds that fxdd was undercapitalized for 41 days between september 30 , 2013 and december 13 , 2013 in violation of the prior order . the order also finds that fxdd violated cftc minimum financial requirements by making three prohibited equity withdrawals between january 13 , 2014 and february 14 , 2014 .
in july 2012 , the regulator lodged its first complaint against fxdd for alleged asymmetric slippage practices , which required the company to place $ 3 . 3 in escrow .
fxdd company offers several platform options , such are most popular trading platform metatrader 4 , it also has mtxtreme , auto platform , powertrader , vikingtrader , and their fxdd trader . it means that it has a broad range of possibilities for the clients who use platforms other than metatrader 4 , which is a significant advantage for many of those who are interested in fxdd´s services . most of these platforms are available for mobile devices as well , which allows you to have control of your funds at any time .
6 . 21 client development . the company will use , and the buyer will cause fxdd trading limited ( “fxdd” ) to use , reasonable best efforts to market each other ' s brand and direct clients to the other until the second closing . the company will , and the buyer will cause fxdd to , create a reporting system to track such client deposits for those clients developed as a result of the other’s origination efforts . in the event of a termination of this agreement pursuant to section 9 . 1 , the company will , and the buyer will cause fxdd to , use reasonable best efforts to transfer to the originating party any remaining equity in such clients ' deposits .
fxdd malta , a provider of online forex trading , has announced it has been granted licensing by the malta financial services authority to operate a category 3 investment services company .
commissions & spreads fxdd is fast become the high volume and high frequency choice for brokers looking for the most cost efficient trading . fxdd brokers can select from standard , low and competitive variable spreads , starting at 2 . 0eur / usd pips with no additional commissions above spread compensation . extreme spreads start at just 0 . 8eur / usd pips plus commission .
fxdd’s marketing director john corbett provided a statement to forex magnates on behalf of the company , “with regard to the recent cftc settlement on the issue of undercapitalization , fxdd continuously maintained sufficient capital on a combined basis with its subsidiary , however , for accounting reasons , the two net capital computations needed to be separated in order to meet adjusted net capital rules . ”
fxdd global is a subsidiary of currency mountain holdings , llc - a new york based holding company with controlling interest in several brands within the foreign exchange trading industry . fxdd had a us unit , but voluntarily withdrawn its introducing broker ( ib ) license from the us national futures association ( nfa ) in 2015 and sold its retail client base to us giant fxcm .
morgan partners , an independent middle - market investment bank serving the financial technology sector , today announced its role as exclusive financial advisor to fxdd in its merger with boston technologies , inc .
trading software fxdd currency traders have access to a full range of forex market trading software applications and tools . the fxdd metatrader 4 forex trading software platform is a turn - key proprietary exchange solution available to both individual and institutional traders . continuous updates to the exchange are hassle free . the fxdd metatrader 4 forex is also available on android , ios , and windows mobile . the digital exchange offers fast and secure execution of fill and kill orders . brokers can trade emerging market currency pairs , competitive spreads . brokers have access to expert advisor ( ea ) support .
broker fxdd has been registered in malta in 2002 . headquartered in new york , and the activity of company is regulated by such organizations as the united states nfa , mfsa malta . regular availability of liquidity enables customers to carry out transactions with the best conditions and low spreads . fxdd provides traders a number of trading platforms to choose from : metatrader 4 , mtxtreme , metatrader 5 , fxdd trader . working with such a reliable partner gives customers confidence in their results and guarantee assistance from the broker - this is confirmed by a lot of positive reviews about the company .
customer support broker enquiries to fxdd are managed by a team of experts , with the market and technical knowledge required for uninterrupted trading . enquiries made in relation to trading accounts are responded to in a timely manner . account enquiries related to issues other than broker activities or help desk tech support features of the fxdd metatrader 4 forex trading software platform can be submitted to : support @ urltoken
as a further guarantee to clients’ funds , fxdd ltd . , is a member of the maltese investor compensation scheme – a rescue fund for customers of failed investment firms which are licensed by mfsa .
standard & micro accounts with fxdd global are commission - free , yet the spreads on these accounts start at 1 . 5 pips for the eur / usd pair , which is above the average in the industry .
september has been an expensive month for fxdd . as well as today’s order issued by the cftc , the national futures association ( nfa ) concluded its case against the firm just under two weeks ago , handing down a $ 1 . 8 million restitution order and $ 1 . 1 million fine as a result of failing to implement the correct supervision obligations by employing a trading system providing fxdd with pricing advantages which harmed retail customers .
it is very important to get access to trading data as data is the life and blood of the trading business . however there aren’t a lot of free forex data sources out there and the sources that are available for free rarely allow for the automatic downloading of trading data . today i am going to be showing you how you can use one of these sources – the 1m data from fxdd – to automatically download currency data for 15 currency pairs using python . i will also talk about some of the issues with the fxdd data , how they can be potentially addressed and what coding changes you would require to access the two different data repositories available from the fxdd website .
yeah , i ' ve heard much the same stuff about fxdd that was mentioned in the comment above , and i got burned by them to the tune of 250 dollars , which isn ' t a lot , but shows how quickly i realized it was all a scam . nor do i understand why the main review here starts with a warning label , then ends by saying there ' s not reason not to sign up with fxdd . say what ?
keep in mind that fxdd global allows one free - of - charge withdrawal per month . additional redemptions from any of the client’s account ( s ) during the same calendar month will result in a $ 30 charge per redemption .
1 ) previous m & a activities : both ironfx and fxdd have frequented m & a news and rumor mills over the past few years . ironfx was actually purported to be on teddy sagi’s target list of potential takeovers . meetings were held , but nothing ever transpired . fxdd , on the other hand , had a history of problems in the united states , which eventually led to its sale of its u . s . operations to fxcm in mid - 2014 .
under cftc regulations , rfeds and fcms that offer or engage in retail foreign exchange ( forex ) transactions must at all times maintain adjusted net capital ( anc ) of $ 20 million , or more in certain circumstances . in the prior order , the cftc found that fxdd failed to maintain its required anc during at least 18 separate months between november 2010 and december 2012 and ordered fxdd to , among other things , cease and desist from further violations of its anc requirements .
according to the cftc order , fxdd did not maintain its required adjusted net capital during at least 18 separate months between november 2010 and december 2012 , with month - end adjusted net capital computations showing that fxdd was undercapitalized by more than $ 7 . 5 million at one point . this contravenes a law implemented by the us authorities in october 2010 when the cftc adopted comprehensive rules to protect members of the public who buy fx contracts from , or sell fx contracts to fx firms .
today , fxdirectdealer ( fxdd ) finds itself on the receiving end of a $ 275 , 000 fiscal penalty issued by the us commodity futures trading commission ( cftc ) for transgressing the rules stipulated by the regulator on minimum capitaization required for fx firms .
the above review briefly states that fxdd has had
a spot of bad press ,
and there is a warning sticker stating that they are not verified . but all of this really wildly understates the issues with fxdd . first , they were fined 25 , 000 euro by the government of malta for illegal practices . they then were fined 2 million dollars by the nfa for the practice of illegal assymetric slippage ( basically , intentionally delaying processing a trade so that the client loses money ) . as if that wasn ' t enough , they were required to pay $ 1 . 8 million back to their clients for the illegal
slippage
issues . fxdd settled for this amount ( so , nearly 4 million dollars ) without either admitting or denying guilt . . . and as if all of that wasn ' t enough , while these lawsuits were going on , fxdd response was to threaten lawsuits against their customers , in the hopes of intimidating them , silencing , and keeping them from talking to the nfa ( which is the u . s . regulatory forex commission ) . basically , there is no end of bad things to say about fxdd , and you can read more about them elsewhere . just stay far , far away from them .
the letter lists five counts of nfa requirements being violated while fxdd operated as a futures commission merchant ( fcm ) and was registered as a forex dealer member ( fdm ) of the nfa , after an examination was launched by the regulator in august 2013 .
there is no minimum initial deposit set for micro accounts , so one may invest just $ 1 . this is an attractive offer , yet , if you wish to benefit from the ecn offering of fxdd global , you have to deposit at least $ 2000 .
fxdd global offers its clients a wide range of trading platforms : metatrader 4 , mtxtreme ( also mt4 based ) , powertrader ( currenex ) , jforex ( dukascopy bank ' s trading platform ) , mirror trader , as well as tradency’s automated trading solution robox .
the next stage will require regulatory approvals from cysec and regulatory officials in malta , the licensing body for fxdd . after cysec approval , nukkleus will acquire the remaining shares of ironfx global and inject $ 1 million of operating capital into the company . an option agreement to acquire fxdd and related entities will proceed after approvals are obtained . what is lacking at this time is how much cash will ultimately transfer to stockholders . at this stage in the process shares in nukkleus must suffice until it raises new capital in the nasdaq otc market .
the new company combines boston technologies – a leading provider of financial technology , one of the fastest growing companies in boston 1 , and a member of inc . magazine’s 5 , 000 fastest growing private companies in america four years running – with fxdd , a leading provider of end - to - end foreign exchange ( fx ) software solutions to financial institutions , brokerages and money managers around the world . the new company will operate under the brand name boston technologies powered by fxdd with an expanded and improved suite of products and technology solutions .
the gain capital and dukascopy datasets are a pain in the ass to retrieve and compile , i gave up on them once i found the disktrading / fxdd / forexite resources but i included them here for sake of completeness as you may find them to be of value .
the nfa began its examination in august 2013 . the first two counts in the regulator’s new letter alleged that fxdd failed to implement an adequate anti - money laundering ( aml ) program , and failed to offset transactions on certain customers accounts in a fair and acceptable method .
the top 10 competitors in fxdd ' s competitive set are markets . com , novicap , kraken , robinhood , babypips , trading online fx , dailyfx , funding options , marketinvoice and skipton business finance . together they have raised over 834 . 2m between their estimated 565 employees .
greg michalowski linkedin nukkleus has acquired 100 % of iron fx ' s australian operation , which was split off from iron fx global . chief currency and trading analyst for fxdd , a leading retail foreign exchange broker . author of attacking currency trends , a highly rated trading book for .
according to the letter , fxdd must file a written answer to the complaint within thirty days after being received . the firm is required to respond to each allegation in the complaint by admitting , denying or affirming that it lacks sufficient knowledge or information to admit to or deny the allegation .
fxdd global is a reputable award - winning fx and cfd brokerage with many years of experience . it offers competitive conditions for trading on numerous trading platforms that cover all skill levels and styles . to sum up the above , here are the advantages and drawbacks with regards to this broker :
5 . 10 services agreement . the buyer will cause the total monthly operational and other expenses of the buyer under the global service agreement entered with fxdirectdealer , llc , excluding those of the company , not to exceed the revenue generated under the general services agreement entered with fxdd trading limited .
1 . 3 services agreement . the buyer will cause the total monthly operational and other expenses of the buyer under the global service agreement entered with fxdirectdealer , llc , excluding those of the company , not to exceed the revenue generated under the general services agreement entered with fxdd trading limited .
1 . 1 financial statements . attached to this schedule 6 . 19 are ( i ) the audited consolidated statements of financial position of fxdd malta limited as at december 31 , 2015 and december 31 , 2014 , together with the statements of changes in equity as at december 31 , 2015 and december 31 , 2014 , ( ii ) statements of comprehensive income for the year ended december 31 , 2015 and the year ended december 31 , 2014 and ( iii ) statements of cash flows for the year ended december 31 , 2015 and the year ended december 31 , 2014 ( collectively , the “ fxdd financials ” ) .
fxdd malta limited , which is located in the centre of the mediterranean , is dedicated to providing superior customer service , powerful trading technology , and reliable streaming liquidity to forex traders worldwide . the company is an affiliate company of fx direct dealer in new york which is founded in 2002 and has a worldwide customer base .
fxdd trade since , then i been getting one excuse after another about deposit bonus and just excuse to depsoit my money and start trading with them . our library of forex and options trading guides cover all the basics . fxddnow , our blog , can help you keep on top of forex news in real time through trend .
the positive thing about the fxdd is that it offers a range of different methods for depositing , withdrawing and transferring funds in the simple and quick way . it is also important to mention that there are no fees for making a deposit and that you have the option to withdraw your funds at any particular time . you are only obliged to fill out the fxdd funds redemption form and send it by fax to the office in malta . it can seem like an inconvenience , but all the funding can be done through credit cards , bank wires , as well as e - wallet payment methods like skrill , neteller , and some other online payment programs .
the maximum leverage with fxdd is 1 : 200 , and 1 : 400 leverage is available based on meeting certain terms and conditions . 1 : 400 is considered a high leverage ratio , yet a number of brokers offer leverage of 1 : 500 or even higher . for example , fxpro also provides leverage up to 1 : 500 .
side thought , alpari clients using their jforex whitelabel ( so trading with and on dukascopy ' s swfx ) might be left hanging . they can ' t get the same jforex environment at fxcm , and the only other us broker i know of that offers jforex is fxdd , who themselves have been having a lot of regulatory issues lately .
washington , dc - the u . s . commodity futures trading commission ( cftc ) today issued an order filing and simultaneously settling charges against fxdirectdealer , llc ( fxdd ) , a cftc - registered retail foreign exchange dealer ( rfed ) and futures commission merchant ( fcm ) headquartered in new york , new york , for failing to meet the minimum financial requirements for rfeds and fcms , failing to supervise its employees , and failing to comply with a prior cftc administrative order dated september 30 , 2013 ( prior order ) ( see cftc press release 6725 - 13 ) . fxdd has been registered with the cftc as an fcm since december 10 , 2009 and as an rfed since september 2 , 2010 .
our transaction with boston technologies was highly complex , ” said emil assentato , chairman of fxdd . “ we could not have completed the deal without the strategic guidance and skilled execution from morgan partners . they quarterbacked the entire process . under their leadership , we met an aggressive timeline and achieved our business objectives . the morgan partners team is remarkable . ”
fxdd global offers several basic account types . all of them offer variable spreads and maximum leverage up to 1 : 400 . micro accounts are available for novice traders solely on the mt4 platform , offering micro tradeable lots and commission - free trading . ecn environment is also available with this broker on its ecn accounts , accessible with investment of at least $ 2000 .
the broker also offers advanced automated trading solutions . it supports mirror trader , the popular retail automatic signal based trading platform . besides , fxdd global was also the forex broker to adopt tradency’s automated trading solution robox in 2016 . robox is a smart trading machine with a simple , comfortable and user - friendly interface that does not require any prior knowledge of forex trading .
3 ) prior regulatory skirmishes : both management teams at ironfx and fxdd have had well publicized battles with regulators . ironfx has been cited for refusing to honor withdrawal requests and a host of other violations that have not been made public . cysec went so far as to fine the firm €335 , 000 , its largest fine to date , and asic ordered the firm to correct its disclosure documents . fxdd ran afoul of the national futures association ( nfa ) over slippage issues , resulting in $ 1 . 8 million in client restitution and $ 1 . 1 million in fines . the nfa had already hit the firm for $ 75 , 000 for aml process violations , while the cftc tagged them for another $ 275 , 000 for capital adequacy shortfalls .
fxdd global ` s ecn accounts , on the other hand , provide tight variable spreads , the typical ones amounting to around 0 . 3 pips . if we add the applicable commission of $ 6 per round - turn , the average trading costs of ecn account holders amount to around 0 . 9 pips for the eur / usd pair , which is a really competitive pricing .
staying true to the commitment to destroy the us retail foreign exchange market , the nfa is not skipping this last opportunity to slap a hefty fine on fxdd . according to the letter of complaint , the company is facing up to $ 1 , 250 , 000 in fines from the nfa , as according to the letter the maximum monetary fine for every allegation may not exceed $ 250 , 000 .
what is clear is that fxcm , fxsol , alpari , gain , fxdd , and forgive me if i am missing any will be
forced
to return the us accounts back , threatened by regulatory actions to their us affilitate , while the others with no us affiliation like gomarkets as you mentioned or saxo will be ok , or in the worst case scenario outlaws in the us . . . .
fxdd say on their site they want to help traders make better trading decisions , and after taking a look at the educational material , we weren’t disappointed . there is plenty of reading material targeting all different levels . also available are a number of instructional videos covering everything from the basics to in - depth technical analysis . and there is a library of trading guides covering the basics of forex and options trading .
the above script takes care of all the above by automatically downloading the fxdd 1m data using python . the program downloads data for 15 different symbols and unzips , processes the hst binary files into pandas dataframes and finally saves the data into a human readable csv format that you can use for data auditing or further modifications before using the data for back - testing or other analysis . you can simply delete the downloaded files and rerun the script to reprocess the data and automatically update your data repository from fxdd every week . the data is usually updated by them on time after market close each friday . you’ll notice that the data is downloaded from the metatrader repository although they have another repository called metatrader xtreme that contains less data but more symbols . to use this you should modify the above script by changing the symbol names ( turn eurusd into eurusdx ) and change the download url to add an x urltoken
the nfa does not allow for members to withdraw until a final review of the company and principals has taken place . this inevitably leads to bcc charges and fines imposed . so even though fxdd has sold it’s client assets , closed it’s doors and ceased operations , it is still a member of the nfa until the nfa allows for the membership withdrawal to proceed . i assume that even if a company ceased operations and filed to disband the company with their state registry , the individual principals would still be liable to the nfa for any fines .
this broker company offers several customer service options . there is a great support team which is very efficient and always ready to respond to your question . support options include live chat and a call back option , as well as e - mail address and phone number . you can contact an fxdd representative by phone 24 - hours a day from sunday 5 pm to friday 4 pm est , and the support team will also reply to your e - mail as quick as possible . the company cares about their clients which many customer reviews confirm .
in addition , fxdd global supports jforex – a platform , designed for traders seeking manual or automated trading and / or developing and testing trading strategies based on the java programming language . some of the tools and features of the platform include 250 indicators and chart studies , calendar of economic events and news , automated trading with historical tester , advanced charting ( including renko , range bars , point & figure and line break charts ) . in addition , a built - in cross - platform interface for the execution of custom strategies and programming code are provided .
fxdd operates through its website urltoken and provides interbank foreign exchange pricing to clients around the world . through its website , individual investors , institutional traders , hedge funds , commercial entities , brokerage firms and money managers have access to trading facilities in forex and precious metals ( gold and silver ) , on a 24 - hour a day and 5 plus day a week basis . in addition , clients have access to competitive spreads ( 2 - 3 - wide on most majors ) , transparent real - time bid / offer pricing and different leverage and trading functions .
8 ) technology shortfalls : processing companies , especially those that are having a tough time financially , can easily fall behind in needed software and hardware system upgrades . the fact that ironfx needs a $ 1 million operating capital infusion is indicative of this potential problem . technology companies make good acquisition targets , as long as there is one highly efficient it platform upon which newly acquired customer accounts can be consolidated . there cannot be two platforms . either the ironfx or fxdd platform must be the survivor , the first difficult decision that must transpire in order for the deal to work in the long run ;
merger headlines are abuzz that ironfx and fxdirectdealer ( fxdd ) are to be combined via a fairly complicated reverse takeover transaction . neither of these entities currently has operations in the united states , but the global footprints of each company will , by their very nature , require a host of regulatory approvals from a number of disparate jurisdictions . at this stage , there have not been a lot of details , but there have been a few limited interviews and legal filings with the nasdaq exchange , ostensibly in preparation for an initial capital raise . each day brings more answers , followed by twice as many questions that require further review .
fxdd offer three different accounts , and the choice will depend on the number of people trading . there is an individual account , which obviously is only for one person . there is also a joint account for two or more traders who want to trade together . joint accounts must be supported by a customer agreement form signed by the individuals who are party to the account . and there is a corporate account that is opened under a company name . we should also mention the demo account , which gives new traders the chance to try the popular mt4 trading platform , as well as trying out new strategies in a risk free environment .
neither ironfx , nor fxdd have the capital or the wherewithal to acquire each other . the need for a third party in the equation is where nukkleus and the rto mechanism become the enablers of the recombination . there have already been preparatory moves in anticipation of next steps – the funding of nukkleus with $ 1 million , a transfer deposit of $ 175 , 000 to gvs holdings to acquire ironfx australia and fxgiants ( previously spun off from ironfx global ) , and additional cash of an undeclared amount to acquire a 9 . 9 % interest in ironfx global . the australian securities and investments commission ( asic ) must approve this part of the deal .
deposits & withdrawals fxdd trading accounts are secured with a deposit . transactions made on the metatrader 4 forex can be conducted via credit card up to usd $ 10 , 000 . alternate payment forms include : clickandbuy up to usd $ 25 , 000 , bank wire unlimited amounts , and skrill up to usd $ 10 , 000 . deposit and withdrawal transactions typically take up to 2 days for processing . redeemed funds are disbursed in the same form as that of purchase . the company does not accept third party deposits . subscribers are able to withdraw funds at any time without penalty . deposits may be made to joint accounts . redemptions are processed back to the joint account .
the broker fxdd is one of the few that makes their 1m data publicly available for download outside of their mt4 platform ( which is very convenient as data updating , exporting and importing in mt4 is super slow ) . the data can be downloaded manually from this page where you can download zip files that in turn contain hst files that you can load into your mt4 platform . however if you want to perform some different analysis or if you want to carry out some data processing before hand this format is really not that useful . it is also fairly inconvenient to have to manually download tons of files from a website and then have to manually unzip and load each one .
2 ) signs of financial difficulty : ironfx has been in the news several times regarding staff cutbacks , due to problems with hyper growth , a failing business model , and far too much emphasis on marketing and promotional bonuses . global offices have been curtailed , with staff counts , as some have estimated , falling from 800 to 500 over the past two years . leaked internal documents note that ironfx has downsized four times since february of 2015 . fxdd , however , has been in the news over heavy fines and customer disputes over slippage . if you add up everything , there has been a hit of nearly $ 5 million on the bottom line . whether all of these issues have been resolved is open for conjecture ;
customer support is available 24 hours a day from sunday 5pm to friday 4pm . and there are a couple of numbers to ring . they are kind enough to mention that some calls could be routed through their new york offices , so it doesn’t come as a surprise when you speak with someone who has an american accent . there are two email addresses , one for sales and one for support . and they have also been kind enough to give a postal address should you feel the need to put pen to paper . all in all , we were very impressed with fxdd , and found their website very informative and easy to navigate . there were no nasty surprises when it came to trading , and we couldn’t find any reason not to sign up for a real money account .
before you choose to trade with fxdd , it’s important to understand their pricing structure . there are two pricing models , standard and ecn pricing . standard pricing – spreads can be as low as 1 . 5 for eur / usd , 2 . 5 for gbp ? usd , and 2 for usd / jpy or aud / usd . 0 slippage is guaranteed , and there are no commissions . spreads do vary across other currency pairs , but they are all clearly laid out in fxdds website . ecn pricing – spreads can be as low as 0 . 1 for eur / usd , 0 . 5 for gbp / usd , 0 . 2 for usd ? jpy , or 0 . 7 for aud / usd . there are no markups and commissions are small at $ 2 . 99 per standard lot , per side .