Hey guys,
Please help me decide on which brokerage I should trade.
Alpari or FXDD.
The reason why its limited to these two is because I want to use MT4 to trade on a mini-account with the initial deposit being about $500.
So what do you guys think?
FXDD would be my pick.
Hey Gunner, thanks for the reply. Any particular reason, or just your overall feeling?
Sandpiper,
I saw your reply in my email. I did not have that problem on the FXDD demo or on the live. BTW, I did end up going live with them.
Can’t find them on the FCM list issued by the CFTC: http://cftc.gov/stellent/groups/public/@financialdataforfcms/documents/file/fcmdata1108.pdf
I’d be careful about going with a US broker if I’m not sure they fulfill the new capital requirements rules that are coming soon.
Alpari US are close to making it, but I’d wait to make sure they move over 20M $ before going with them either.
As for FXDD, they should be on that list if they’re based in the US. Why aren’t they? I don’t know, but I’d would certainly find out the answer, maybe there’s a good one, before even considering them.
Best regards
I suspect it is because they are still pending, and may never be a part of the NFA. They are a subsidiary of the Swiss company Compagnie Financi�re Tradition, which is listed on the Swiss and Frankfurt Stock Exchanges. I am slightly uncomfortable with this, but to be honest, one call to Alpari US’s customer service made me a tad uncomfortable as well.