should i open an account at fxcm or fxdd or somewhere else | Forex Factory

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should i open an account at fxcm or fxdd or somewhere else

  • #1
  • First Post: Jul 27, 2008 6:01am Jul 27, 2008 6:01am
i like to use metaquotes trading minis. which place crash less, tigher spread, better sweep rates, lower commission, better connection..etc.

i found fxcm and fxdd, anyone recommend any other place?
  • #2
  • Jul 27, 2008 9:36am Jul 27, 2008 9:36am
Now we are talking.
  • #3
  • Jul 27, 2008 10:26am Jul 27, 2008 10:26am
Many good suggestions from our forum members in the Broker Discussion section.

I use FXDD...never had a problem and they allow me to scalp. Great tech support, customer support and accounting Dept. Online support is also good. Check them out!
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #4
  • Jul 27, 2008 10:53am Jul 27, 2008 10:53am
fxcm can be good or bad. They are a good starting point. But generally u'll graduate to other brokers. Alas, i havent found a good broker yet, just brokers who are good for a while, then become poor.
Forex rules
  • #5
  • Jul 27, 2008 5:09pm Jul 27, 2008 5:09pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting CTGUY
Many good suggestions from our forum members in the Broker Discussion section.

I use FXDD...never had a problem and they allow me to scalp. Great tech support, customer support and accounting Dept. Online support is also good. Check them out!
They are still unregulated.....

http://www.forexfactory.com/showthre...67#post2128967
  • #6
  • Jul 27, 2008 6:06pm Jul 27, 2008 6:06pm
Thanks for the message.

I contacted FXDD and they have met the Net Capital Requirements for Forex Dealer Members. I was starting to sweat that out the past couple of weeks.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #7
  • Jul 27, 2008 7:07pm Jul 27, 2008 7:07pm
CTGUY,

What do you mean they met the net cap requirements? They are not regulated yet so there is no requirement to be met...
  • #8
  • Jul 28, 2008 3:18am Jul 28, 2008 3:18am
Quoting fxtrader42
CTGUY,

What do you mean they met the net cap requirements? They are not regulated yet so there is no requirement to be met...
I contacted them by phone and they stated that they were. Hum... strangely, you would think that they would have posted this on their web site as others do. Maybe I need to chat with someone higher up on the foodchain at FXDD.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #9
  • Jul 28, 2008 7:18am Jul 28, 2008 7:18am
Quoting fxtrader42
CTGUY,

What do you mean they met the net cap requirements? They are not regulated yet so there is no requirement to be met...
Their status with NFA is "pending" as of 3 months ago. If they are accepted into the club, they will have to satisfy the minimums. http://www.nfa.futures.org/basicnet/...d=0397435&rn=N
  • #10
  • Jul 28, 2008 8:06am Jul 28, 2008 8:06am
[quote=oakmonster;2132073]Their status with NFA is "pending" as of 3 months ago. If they are accepted into the club, they will have to satisfy the minimums. http://www.nfa.futures.org/basicnet/...d=0397435&rn=N[/quote

Thanks,

I thought that was sort of implied in my response but...
  • #11
  • Jul 28, 2008 11:46am Jul 28, 2008 11:46am
If you decide to go with FXDD, you should op[en before August 8th.

Between July 27th and August 8th, all deposits at FXDD with receive an 8% bonus on deposit.

If you deposit 25K, you're going to see $27K in your account -- not bad, right?

For all those who think I'm soliciting, here's a link to FXDD's page, not mine!

http://fxdd.com/bonus-program.html
  • #12
  • Jul 28, 2008 12:03pm Jul 28, 2008 12:03pm
Quoting BostonForex
If you decide to go with FXDD, you should op[en before August 8th.

Between July 27th and August 8th, all deposits at FXDD with receive an 8% bonus on deposit.

If you deposit 25K, you're going to see $27K in your account -- not bad, right?

For all those who think I'm soliciting, here's a link to FXDD's page, not mine!

http://fxdd.com/bonus-program.html
Lol, okay they're my broker of choice now! 100k going in as we speak, and I'm done trading for the month
  • #13
  • Jul 28, 2008 11:01pm Jul 28, 2008 11:01pm
Quoting BostonForex
If you decide to go with FXDD, you should op[en before August 8th.

Between July 27th and August 8th, all deposits at FXDD with receive an 8% bonus on deposit.

If you deposit 25K, you're going to see $27K in your account -- not bad, right?

For all those who think I'm soliciting, here's a link to FXDD's page, not mine!

http://fxdd.com/bonus-program.html
This is really generous. And dare I say.....sounds desperate? "Pending NFA Approval" and giving away 8% returns.

Now if only they were based out of some cool place like Beirut, we'd be talkin'!

Clockwork
  • #14
  • Jul 29, 2008 6:45am Jul 29, 2008 6:45am
Quoting clockwork71
This is really generous. And dare I say.....sounds desperate? "Pending NFA Approval" and giving away 8% returns.

Now if only they were based out of some cool place like Beirut, we'd be talkin'!

Clockwork
They are doing the promo now because once (or if) the NFA accepts their membership, they won't be allowed to do such promotions again, at least in the USA. They will have to start an offshore arm for that
  • #15
  • Jul 29, 2008 7:46am Jul 29, 2008 7:46am
Quoting oakmonster
They are doing the promo now because once (or if) the NFA accepts their membership, they won't be allowed to do such promotions again, at least in the USA. They will have to start an offshore arm for that

Not even close to true. Look at FX Solutions who actually started running an olympic promotion about a week before FXDD. Thats the amazing part; that FXDD can't find a way to promote themselves so they have to steal some other companies idea.

Good work FXDD
  • #16
  • Jul 29, 2008 8:28am Jul 29, 2008 8:28am
thanks for the response. so far, from reading responses, i am getting a sense that FX Solutions is pretty good?

i am not sure how serious is this approval process for FXDD, but it does seems FXCM is better than FXDD...am I right about this?

how does FX solution in comparison with FXCM?
  • #17
  • Last Post: Aug 5, 2008 10:10pm Aug 5, 2008 10:10pm
Quoting BostonForex
If you decide to go with FXDD, you should op[en before August 8th.

Between July 27th and August 8th, all deposits at FXDD with receive an 8% bonus on deposit.

If you deposit 25K, you're going to see $27K in your account -- not bad, right?

For all those who think I'm soliciting, here's a link to FXDD's page, not mine!

http://fxdd.com/bonus-program.html
This also from their page. Good offer, but not for "low volume" traders:

"The bonus credit to the account is effective when the new deposit is credited and is subject to the client completing at least 150 full lot closed trades on or before the close of business (4 p.m. EDT) on Friday, October 31, 2008............

.......... FXDD, in its sole discretion, will determine if a client's deposit and trading activity entitles it to retain the bonus credit."

At least they don't try to hide it on the last page in the fine print.
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