[ncourey]

In follow up:
FXDD is NOT registered with any regulatory bodies. You have a dealing desk, and I spoke with Boris - one of the dealing desk pit bosses.

I emailed you and M Zimkin, Jeffery, never heard back. The first customer service rep couldn't handle my questions, they were too sensitive to how FXDD does business, then I was passed to Boris.

An introducing broker claimed FXDD handles 'institutional funds', and if that was true then 'they should be good enough for retail guys'. But which institutions deal with unaffiliated firms? I would like to know who wants liquidity from an unregulated entity.

FXDD is NOT registered with the SEC, CFTC/NFA. Who regulates you? Who causes FXDD fear, in case they make mistakes or committ fraud?
Why not apply into regulation?
Beyond that - where does your liquidity come from?

FXDD holds trades - if you allow mini-lots, you must hold trades from the 'true' (banks) market, since banks won't take less than standard lots. If you hold, you match positions internally, and if you do that, you must hedge since perfect matches for everyone in a mini's position cannot occur with any regularity. Who pays the interest on a carry trade if FXDD holds back from the market?


Publicly school me if I'm wrong. We are here to learn. However, if you unsolicitedly advertise on this site, which I think is NOT proper usage of these forums, then you should be made to continue discussion when addressed.

BabyPips should not allow use of forums for advertising/soliciting.