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FXDD Reviews

This is a discussion on FXDD Reviews within the Forex Broker Reviews section, part of the Forex Reviews category; FXDD INFO FXDD (Forex Direct Dealer) is a forex broker based in New York, NY, USA. FXDD SPECIFICATIONSSpread on Majors*...


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Member rating
Customer Support
50%50%50%
2.5
Honesty
70%70%70%
3.5
Quality of Execution
30%30%30%
1.5
Platform Features
80%80%80%
4.0
2 users rated 58% average
FXDD Reviews
FXDD Reviews
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Published by TheForexReviewer
07-20-2007
Default FXDD Reviews
FXDD INFO

FXDD (Forex Direct Dealer) is a forex broker based in New York, NY, USA.

FXDD SPECIFICATIONS
Spread on Majors*
EUR/USD2 pips
USD/JPY3 pips
USD/CHF3 pips
GBP/USD4 pips
USD/CAD5 pips
AUD/USD4 pips
*Spreads during normal market conditions
AVAILABLE TYPE OF ACCOUNTS & LEVERAGE
Demo AccountYes
Mini AccountYes, US$500 to open and up to 200:1 leverage.
Standard AccountYes, US$5,000 to open and up to 100:1 leverage
OTHER INFORMATION
PlatformFXDD Trader and MetaTrader (both windows based)
Supported LanguagesEnglish, Chinese and Russian
Accepted DepositsWire Transfer, Check, PayPal, BPS


How to rate this broker?

Customer service: are they efficient and willing to help on any issue?
Honest: Did they delivered what they were supposed to?
Trading Execution: evaluate slippage, requotes, etc.
Platform Features: Platform capabilities such as trailing stop, OCO orders, one click dealing, etc.

IMPORTANT NOTE: Please post only if you are going to rate this broker, everything else about this company please discuss it at our Forex Services Discussion Forum.

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  #1 (permalink)  
By fxkel on 09-27-2007, 04:00 PM
Member reviews
Customer Support
20%20%20%
1
Honesty
40%40%40%
2
Quality of Execution
40%40%40%
2
Platform Features
60%60%60%
3
Average 40%
Default trades from signals went crazy

This review has been useful for 1 trader(s).
I opened an account with FXDD just because they allow to trade systems but oh men, lately FXDD is executing more lots than the specified by the system Im trading. What is worst, their customer support take ages to respond your email.

A shame because I thought they were a reputable broker before this started to happen...
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  #2 (permalink)  
By Pipperoni on 09-07-2008, 05:13 PM
Member reviews
Customer Support
80%80%80%
4
Honesty
100%100%100%
5
Quality of Execution
20%20%20%
1
Platform Features
100%100%100%
5
Average 75%
Thumbs down Tooo many requotes
This FXDD is good for 1 exception and that are the reqoutes. Requotes are so annoying that I don't us this broker anymore. At Oanda you get NEVER EVER a requote, but you get spread widening. For example at this moment the spread is at Oanda 10 pips and at FXDD 2 pips. It's Sunday evening 11:55 CET.

But dear FXDD, if I click BUY than I want my order executed and I DON'T WANT A QUESTION in return. (question if I want to accept the new price quote) And don't give me that "educate yourself about market conditions and volatility speech", because Oanda NEVER gives a requote.
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