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about FXDD

  • #1
  • First Post: Dec 22, 2007 3:09pm Dec 22, 2007 3:09pm
Can anyone tell me if FXDD is an NFA member? I can't find them on the NFA website. Please give me there ID number if you could find them
  • #2
  • Dec 22, 2007 3:10pm Dec 22, 2007 3:10pm
no they are not part of NFA.
  • #3
  • Dec 22, 2007 3:14pm Dec 22, 2007 3:14pm
If they are NOT an NFA member, who watches "OUR" money? Where are they located?
  • #4
  • Dec 22, 2007 4:08pm Dec 22, 2007 4:08pm
Quoting PaulCags
If they are NOT an NFA member, who watches "OUR" money? Where are they located?
nobody
If I Go Broke Trying Then I Will die happy.
  • #5
  • Dec 23, 2007 10:33pm Dec 23, 2007 10:33pm
Quoting PaulCags
Can anyone tell me if FXDD is an NFA member? I can't find them on the NFA website. Please give me there ID number if you could find them
For questions such as this, contact the broker and ask them.
  • #6
  • Dec 27, 2007 2:02pm Dec 27, 2007 2:02pm
Quoting bmwboyee
no they are not part of NFA.
Well, technically not under the name fxdirectdealer, LLC, but it is known that Emil Assentato (NFA# 0317497) has been stated being the President,
and if you look under his NFA# is listed the company Traditional Securities and Futures, Inc(NFA# 0271289), and if you look up that one, it's address is listed as the same(including 4th floor) as FXDD, plus listed as the principal owner is Tradition North America, Inc.(NFA# 0271750).

All the referenced NFA#'s have no complaints or regulatory actions, or any infractions on file against them, with listing dating back to 1996.

Plus, Emil Assentato is the driver of the FXDD sponsored Mazda racing car that ran in the Grand American Road Racing Rolex GT Series .

Do you think they would sponsor a car in a national racing series if not legally registered.
  • #7
  • Dec 27, 2007 2:46pm Dec 27, 2007 2:46pm
tradition sold a major stake in fxdd, they no longer hold over 50% of fxdd
If I Go Broke Trying Then I Will die happy.
  • #8
  • Dec 27, 2007 5:07pm Dec 27, 2007 5:07pm
Quoting Moe
tradition sold a major stake in fxdd, they no longer hold over 50% of fxdd
True, but they still hold a considerable stake in the company.

FXDD will soon be regulated by the SEC, not the NFA, which will actually be BETTER for the company.

Plus, they have metatrader 4 and not one complaint against them.
  • #9
  • Dec 27, 2007 5:25pm Dec 27, 2007 5:25pm
Why will sec regulate forex or future? when will this happen?

Quoting BostonForex
True, but they still hold a considerable stake in the company.

FXDD will soon be regulated by the SEC, not the NFA, which will actually be BETTER for the company.

Plus, they have metatrader 4 and not one complaint against them.
  • #10
  • Dec 27, 2007 9:04pm Dec 27, 2007 9:04pm
Quoting forexedge
Why will sec regulate forex or future? when will this happen?
I received this bit of information as I left the office today, I will be sure to elaborate tomorrow.
  • #11
  • Dec 28, 2007 12:45am Dec 28, 2007 12:45am
Quoting BostonForex
True, but they still hold a considerable stake in the company.

FXDD will soon be regulated by the SEC, not the NFA, which will actually be BETTER for the company.

Plus, they have metatrader 4 and not one complaint against them.
word on the street is tradition will finish selling the rest of there share in fxdd in 2008, so fxdd will be a free floating forex broker with no regulation what so ever.
If I Go Broke Trying Then I Will die happy.
  • #12
  • Dec 28, 2007 2:53am Dec 28, 2007 2:53am
my broker is NORTHFINANCE
  • #13
  • Dec 28, 2007 4:32am Dec 28, 2007 4:32am
Quoting nobleolagoke
my broker is NORTHFINANCE
i feel your pain
If I Go Broke Trying Then I Will die happy.
  • #14
  • Dec 28, 2007 2:42pm Dec 28, 2007 2:42pm
Quoting Moe
word on the street is tradition will finish selling the rest of there share in fxdd in 2008, so fxdd will be a free floating forex broker with no regulation what so ever.
I have not heard that yet, but I have heard that FXDD will soon be monitored by the SEC as a Dealer/Broker offering futures as well.

I think FXDD is a strong company, with more liquidity than some other more reputable forex only shops. They have a large client base and take care of problems in a very timely fashion.

Other than the non-regulation (which is obviously an issue) they are a good place to trade
  • #15
  • Dec 28, 2007 10:12pm Dec 28, 2007 10:12pm
Quoting BostonForex
I have not heard that yet, but I have heard that FXDD will soon be monitored by the SEC as a Dealer/Broker offering futures as well.

I think FXDD is a strong company, with more liquidity than some other more reputable forex only shops. They have a large client base and take care of problems in a very timely fashion.

Other than the non-regulation (which is obviously an issue) they are a good place to trade
i have heard good and bad things about them, don't seems to be a bad company, but they only offer 3 mill per clip, sometime i put on big trades and 3 mill is just not enough sometime.
If I Go Broke Trying Then I Will die happy.
  • #16
  • Dec 29, 2007 9:03am Dec 29, 2007 9:03am
If company's that are NFA members don't secure clients funds. I can't imagine what FXDD is doing with clients funds if they are "NOT" regulated. NFA member firms are closing because they have less money than the clients have submited. The clients could lose everything if they are with an unregulated firm.
  • #17
  • Last Post: Dec 29, 2007 5:52pm Dec 29, 2007 5:52pm
Quoting BostonForex
I have not heard that yet, but I have heard that FXDD will soon be monitored by the SEC as a Dealer/Broker offering futures as well.

I think FXDD is a strong company, with more liquidity than some other more reputable forex only shops. They have a large client base and take care of problems in a very timely fashion.

Other than the non-regulation (which is obviously an issue) they are a good place to trade

Hi,

there are no complaints filed..simply because there is no one to file them with..as FXDD is not NFA regulated...and speaking of situations I have witnessed directly...75 pip difference against every broker we could check..for gbp/jpy...on the phone..2 of their people justified these numbers as "their spread"

On a main pair..person I know got stopped out (16 pip difference to lhe lowest quote for the same candle we could find anywhere 900 against 884) and...the topgun signal - filtered through FXDD never went close - it was the lowest at 900 in fact.

I have an accouint with them but luckily witnessed these situations and will not fund it.

But thats just my experience..others may be very happy..I know I'm not going to risk my hard earned money with them at this time.
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
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