FXDD raised it's GBP spread to 4-5 pips | Forex Factory

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Attachments: FXDD raised it's GBP spread to 4-5 pips
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FXDD raised it's GBP spread to 4-5 pips

  • #1
  • First Post: Nov 8, 2006 1:10am Nov 8, 2006 1:10am
Can anyone refer me to a RELIABLE broker with spreads of 3 or less on the GBP since FXDD has raised it to 4 and 5 during "high voltility"??
Will be closing my account REAL soon...
Thanks
  • #2
  • Nov 8, 2006 4:56am Nov 8, 2006 4:56am
Quoting audionut
Can anyone refer me to a RELIABLE broker with spreads of 3 or less on the GBP since FXDD has raised it to 4 and 5 during "high voltility"??
Will be closing my account REAL soon...
Thanks
Yes, absolutely right.
Actually, they raised most of their spreads.
GBP/USD from 3 to 4 (or 5), USD/JPY from 2 to 3,USD/CAD from 4 to 5, EUR/JPY from 4 to 5,GBP/JPY from 8 or 9 to 10, GBP/CHF from 8 to 9...And I checked all this during low volatility...

I dont' like the fact that they did that with no kind of notice or warning...
Weird...Maybe if many of their customers write them, they will change their mind, like IBX who wanted to limit number of open orders a few months ago...
Let's try to do something for that, because, this is a lot of money depending on frequency of trades.
  • #3
  • Nov 8, 2006 5:12am Nov 8, 2006 5:12am
same here ,


i use www.fxsol.com

and they raise the spread GBP/USD to 5 pips spread w/o notices.
  • #4
  • Nov 8, 2006 5:29am Nov 8, 2006 5:29am
get use to it guys its seems to be an industry wide thing. so changing your broker won't matter you be saying the same thing about that broker in a couple month's.
If I Go Broke Trying Then I Will die happy.
  • #5
  • Nov 9, 2006 8:59pm Nov 9, 2006 8:59pm
oops too late. Closed my 10k account with FXDD today. Forex.com, here I come :
  • #6
  • Nov 9, 2006 9:20pm Nov 9, 2006 9:20pm
Quoting audionut
oops too late. Closed my 10k account with FXDD today. Forex.com, here I come :
Their spreads are worse :
  • #7
  • Nov 9, 2006 10:24pm Nov 9, 2006 10:24pm
Quoting audionut
oops too late. Closed my 10k account with FXDD today. Forex.com, here I come :
I didn't know they offered the MT4 platform...
"Anything in life worth having, doesn't come easy."
  • #8
  • Nov 9, 2006 10:28pm Nov 9, 2006 10:28pm
^^Forex.com, that is
"Anything in life worth having, doesn't come easy."
  • #9
  • Nov 10, 2006 7:22am Nov 10, 2006 7:22am
Hi audionut,

Just curious why would you have selected forex.com ? All the best for whichever broker you choose.
  • #10
  • Nov 10, 2006 7:53am Nov 10, 2006 7:53am
another newbie searching for that holy grain broker. if you only new
If I Go Broke Trying Then I Will die happy.
  • #11
  • Nov 10, 2006 8:35am Nov 10, 2006 8:35am
i am switching my manual trading to EFX. their platform is not the best and you need some time get familiar with it but once you know what you need it is good. the spread is very tight during the trading sessions. on cable you have most of the time 0-2 spread during the day but in the night when the liquidity is very low the spread can be much more higher.

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  • #12
  • Jan 25, 2009 10:45pm Jan 25, 2009 10:45pm
FXDD is quite the joke isn't it?
with its 100 USD promotion , has anyone actually started trading with this promotional gimmick successfully? or will they send you an email when this account is FINALLY activated? seems it has been more than one month, and the platform and money is not trade-able. Perhaps they are waiting to activate only the accounts that are funded with extra funds or simply hope that by activating it at the end of the terms and conditions period, one will forget to use it and the promotion will expire. lets see if they actually activate it at the last day of the entire period where one has to use it to keep it.
  • #13
  • Jan 26, 2009 1:52am Jan 26, 2009 1:52am
They did as advertised with my account. They opened it with $100.00 and I have been trading it.

BR

Quoting Peterinforex
FXDD is quite the joke isn't it?
with its 100 USD promotion , has anyone actually started trading with this promotional gimmick successfully? or will they send you an email when this account is FINALLY activated? seems it has been more than one month, and the platform and money is not trade-able. Perhaps they are waiting to activate only the accounts that are funded with extra funds or simply hope that by activating it at the end of the terms and conditions period, one will forget to use it and the promotion will expire. lets see if they actually...
  • #14
  • Jan 26, 2009 11:23am Jan 26, 2009 11:23am
Quoting Big1red9
They did as advertised with my account. They opened it with $100.00 and I have been trading it.

BR
i've been funded and trading as well.
  • #15
  • Feb 10, 2009 1:20pm Feb 10, 2009 1:20pm
Fxdd extreme account is an ECN account? I'm trying their extreme demo.. Is minimum lot size 1 lots? and you can increase it of 0.01?

In demo I can't open 0.01 or 0.99 orders but I can open 1.00 or 1.01 or 1.37 etc I think that 1 lot min size is too big..
  • #16
  • Feb 14, 2009 5:04pm Feb 14, 2009 5:04pm
Quoting hyperbling
i've been funded and trading as well.
last week I've been funded but couldnt open any lots just emailed them !
  • #17
  • Last Post: Aug 6, 2009 6:02pm Aug 6, 2009 6:02pm
UPDATE

Today they reversed out my acct balance. They said the fine print allowed them to change the requirements.

So they took the $100 along with all my trading profits.
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