MT4 Broker

[fxddsupport]

My name is Jeffrey Baskin, I am a Customer Support representative for FXDD (FX -Direct Dealer.) I am here to help answer any questions or concerns about our company, services, or trading platforms.

Currently our main trading platform is Metatrader 4, we also support Metatrader 3, Metatrader Mobile and our own proprietary platform FXDD trader.

To open an account please go to FXDD - Online Foreign Exchange Currency Trading, Forex, the minimum requirements for a Mini Account is $500 and $5,000 for a standard account.

An FXDD representative is available 24 hours a day, 6 days a week to help our clients as well as potential clients who have Forex or account questions.

If you would like to reach me directly to discuss any questions or concerns my e-mail address is jeffrey.baskin@fxdd.com if I am not available you can reach Mike Zimkind mzimkind@fxdd.com or you can call our Customer Support team at 212-791-3950.

[Mattxr1]

I have been playing around with your demo and love the MT4 software. I will be openning an account with you guys probably within the next month or two, I am just testing some systems first before I trade with real money.

[lioness]

FXDD is like an angel on demo account. However they are gangsters on reals
If you don't want to lose your account, don't trade with them.
They are crooks. For additional information go to Forex Bastards Reviews Home
You will find confirmation of my words.
I have a feeling that the most of brokers with MT4 platform are not worth dealing with. They just attract people with their software. It's really good.
But they cheat and deceive their customers.

[Mattxr1]

I thought that the demo is the exact same as the live account, with the only real difference being using real money of course?

If the demo works great for me why won't a real money account? Maybe people let their emotions get in the way and try to blame their broker for scamming them when really it was their own fault. I have yet to use a real money account with them yet, but I don't notice anything out of the ordinary on the demo account.

[lioness]

If you were really a person who is going to open real account with FXDD you would refuse doing it now after getting so much negative information + links to additional negative information. I mean Forex Bastards Reviews Home
According to your message where you pretend to be novice I can see that you are a representative of FXDD company-which must be avoided for trading by anyone.

Lioness

[Mattxr1]

for the record i am not a representative, but i think it's funny how you bash a company because some website that pretty much bashes every forex company says so. i like MT4, can you name me another broker that is any better that has it?

[ncourey]

Also, I tend to stay away from anyone not on this list:

http://www.cftc.gov/files/tm/fcm/tmfcmdata0705.pdf

If not, where can we verify FXDD's net cap requirement, and excess net cap?

Which ECN do they use?

[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.

[superwin]

good point courey! i also dont mess with one that doesnt have a professional looking site. I think if they operate a multymillion dollar business, they at least spent some pocket change on a decent site.