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FXDD Forex Broker Review

by forex on May 17, 2009

About FXDD Forex Broker

go-global-headerFXDD is one of the largest and active online forex trading companies in the market. They are a North America-based company that is trying to build their success based on transparency. Looking at their website, the worth of their assets is even clearly stated, which is up to $44,467,070 on December 2008, which is of course surely a lot more smaller now due to the 2009 recession. It would have been nice if they kept on publishing their assets though, as it would have given their transparency campaign more boost despite the economic downturn.

FXDD allows 24 hours trading, although there is a high risk warning due to the different time zones and conditions of international traders. The staff of FXDD is well versed when it comes to financial matters, and they are not just simple customer service representatives.

Scalping is not allowed in FXDD, so it is best for scalpers to look elsewhere.

Basic Broker Details

Site http://www.fxdd.com/
Country of Origin USA
Accepted Deposit Modes Any major credit card, PayPal, Bank Wire, check
Withdrawal Method Bank wire
Leverage 200:1 (maximum)
Regulation Body
Spread 4-5 pips (EUR or USD)
Minimum Account Requirement

Pros of FXDD forex broker

*Toll free number offered (1 (866) 367-3933 [1-866 FOR FXDD])

Cons of FXDD forex broker

*Sudden spikes on spreads

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