Disliked{quote}Also, let me pass this important information to you regarding FXDD. I also have accounts with them. Be very much warned about one thing this broker does that can cost you dearly! If you ever have a "margin call" - insufficient margin to sustain your positions during a contrary price move on one or more of your trades - this FXDD broker will close out every trade in your account, not just what would be sufficient to resolve the margin call! Let me repeat, FXDD will close every single trade you have running in the account in the event of insufficient margin! Other brokers will close only what needs to be closed in order to resolve the insufficient margin. There is no need to close more. FXDD is a very greedy broker and this particular maneuver they pull on their clients is an extremely nasty thing to do. So be warned about this, at FXDD! -tahIgnored
Dear FXDD Client,
Thank you for your patience. Because a customer pays for any losses from their margin, it is important that they not lose more on a trade than they have in their account. Therefore, we automatically liquidate (close) ALL open positions if they lose too much money.
Some brokers liquidate when the account value is “almost at $0”. FXDD mirrors its liquidation model from Commodities Futures brokers. We liquidate all open positions when the customer’s equity reaches total margin requirement. So, keep your account value above your margin requirement, and you’ll be OK.
Please let us know if you should have any further questions.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade