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Opinions on FXDD

  • #1
  • First Post: Apr 26, 2010 12:49pm Apr 26, 2010 12:49pm
Has anyone tried FXDD? Reliable?
  • #2
  • Apr 29, 2010 6:32pm Apr 29, 2010 6:32pm
I tried many demo accounts, no chance to open live yet with them.
Website looks impressive with multiple platform for trading.
  • #3
  • Jun 8, 2010 6:19pm Jun 8, 2010 6:19pm
I've been using FXDD lately and I've been having major issues with Stop Losses / Take Profits not being met, even though the graphs show they WERE.

Just now I had a order to go short on Gold at 1240.00 with a Stop Loss at 1241.00. Both the charts and the market watch on the MT4 show that the market went up as much as 1239.80, and my Stop loss got triggered. What the hell? Is this normal?

I mean if it was real money I'd be mad as hell, as it went down 4 points and a whole lot of pips in just a couple of minutes.




It's not the first time that it happens in a couple of days, last night I had a buy order on EURGBP, my price was met by a spike, it went past my buy order and the order didn't get filled.


I'm not sure I can trust my money to FXDD if things like this are an issue live. I'd have lost two major trades in my week, precisely those where I got the entry points bang on, and this was only in a couple of days, I imagine what could happen in a month span!?

anyone care to explain what might have happened?
  • #4
  • Jun 8, 2010 7:47pm Jun 8, 2010 7:47pm
Quoting Aneurysm
I've been using FXDD lately and I've been having major issues with...
A couple of relevant comments:

1) No order fills are guaranteed at any broker.
2) For your EUR/GBP trade, if it was a spike, you won't always get filled under those circumstances, as the price can essentially "gap" right past your order price. Was it a stop or a limit order?
3) Spread on gold is 0.50 cents (right now at least). To be stopped out at 1241.00, the price only had to get to 1240.50.
4) Demo fills are not the same as live.
5) Perhaps most importantly, you are trading at a bucket shop, not that it would be much different at an ECN in the examples you describe.

I have a live acct there and haven't had very many issues...
  • #5
  • Jun 8, 2010 8:35pm Jun 8, 2010 8:35pm
Quoting Aneurysm
anyone care to explain what might have happened?
You could also try asking them what happened, as they have a multitude of ways to get in contact on their site..
  • #6
  • Edited 8:47pm Jun 8, 2010 8:44pm | Edited 8:47pm
1. Multiple requotes when you have the option (buy / sell)
to place a profitable trade - all hours - get's worse as volatility increases.
2. NON- sensical error messages see 3 4 5 and six
3. "trade context busy"
4. "trade parameters invalid"
5. "invalid stop loss or tp" --- When 5 pips later the same parameters execute fine
6. "OFF QUOTES" --- YOU are QUOTING ME!!!! yes the market is open. so save the smart ass MM defending stuff.
7. Scalping is a nightmare
8. Mediocre spreads
9. Server "shutdowns" for 5 mins to 2 hours a few weeks ago with no explanation. My explanation is FXDD had No one providing them liquidity in turn froze all trades. When FXCM was quoting cable at 3 pips......
10. When in profit every execution was lagged 5 to 10 seconds - a lifetime in FX scalping.

For position trading they "may" be ok. But surely after you make profit the tactics start.

DYODD - done with this bucketshop. Opening up 2 new accounts. Live.
Demo with FXDD will be fine. but demos are useless other than learning the platform..




Quoting ctmforex
Has anyone tried FXDD? Reliable?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7
  • Jun 8, 2010 8:51pm Jun 8, 2010 8:51pm
When a trade comes even close to a stop it is hit.

When a trade goes 3 pips below a 2 pip quote on E/U that is a profit order it is not.

So to sum up. Trade order for profit, never executed.
Trade in profit stopped out before going to profit.

Researched other MT4 charts. never came close.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8
  • Jun 8, 2010 8:51pm Jun 8, 2010 8:51pm
Quoting XTrade
1. Multiple requotes when you have the option (buy / sell)
to place a profitable trade - all hours - get's worse as volatility increases.
2. NON- sensical error messages see 3 4 5 and six
3. "trade context busy"
4. "trade parameters invalid"
5. "invalid stop loss or tp" --- When 5 pips later the same parameters execute fine
6. "OFF QUOTES"...

what broker do you recommend for somone starting with a 2/3k account?
  • #9
  • Edited 8:53pm Jun 8, 2010 8:52pm | Edited 8:53pm
Useless - they will do nothing and say there was no technical error at the time.

Oh and if the server is down they just don't answer.
simple enough -


Quoting traderjai_inhi
You could also try asking them what happened, as they have a multitude of ways to get in contact on their site..
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10
  • Jun 8, 2010 8:58pm Jun 8, 2010 8:58pm
FXCM - DELTA stock for Euro accounts or MB trading.

that's it.


I will likely be moving to either FXCM & MB trading or one of the 2.

If delta can fund accounts in USD and not EUR I may consider them but do not want overseas complications.

FXCM is highly regulated and claims they are NDD.

The reason i believe this is due to the FACT that on a demo I have with LEVEL 2 price exposure, meaning you see and decide what quote you want from what bank FXCM up against huge FX trading banks like CITI - is a liquidity provider. No bucket shops quote lower than 4 pip cable.

Quoting Aneurysm
what broker do you recommend for somone starting with a 2/3k account?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #11
  • Jun 8, 2010 9:01pm Jun 8, 2010 9:01pm
Quoting XTrade
Useless - they will do nothing and say there was no technical error at the time.

Oh and if the server is down they just don't answer.
simple enough -
I just think it is funny the amount of people that would rather go to an anonymous internet forum instead of going straight to the horses mouth, so to speak. Nothing against what you say, just the broker would be the first person I ask, then maybe go to the forum.

Sort of like the guy a few weeks ago that came here asking how to have his broker reset his password.... helloooooo maybe try asking your broker to reset it.

But yes, I would say, like many things in life, you should take it with a grain of salt either way.
  • #12
  • Jun 8, 2010 9:03pm Jun 8, 2010 9:03pm
I believe for new app approvals FXC is now 5k for standard accounts (minis and standard lots)
Micros i think is still $25 bucks but offer email only support and are not all NDD/STP yet.


Quoting Aneurysm
what broker do you recommend for somone starting with a 2/3k account?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #13
  • Edited 9:13pm Jun 8, 2010 9:05pm | Edited 9:13pm
Not sure what you are getting at - I post from experience.

Otherwise I don't post.

You trade with them? -- Read some reviews it's all there anyway

BTW 3k should get you on CURRENEX a "pro" style ECN. to the guy that asked -- A few brokers have it.


I see your point in the same respect though. However we are members of FF for a reason right? I am just sharing my experience.
Which happens to be exactly what I expected from this shop. Welp on to the next.

Quoting traderjai_inhi
I just think it is funny the amount of people that would rather go to an anonymous internet forum instead of going straight to the horses mouth, so to speak. Nothing against what you say, just the broker would be the first person I ask, then maybe go to the forum.

Sort of like the guy a few weeks ago that came here asking how to have his broker reset his password.... helloooooo maybe try asking your broker to reset it.

But yes, I would say, like many things in life, you should take it with a grain of salt either way.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14
  • Jun 10, 2010 2:54am Jun 10, 2010 2:54am
Hi Xtrade! Are you in some way working for CURRENEX?
Can you tell us something about Currenex since I am also looking for a
reliable broker.
  • #15
  • Last Post: Jun 13, 2010 3:33pm Jun 13, 2010 3:33pm
I & some friends trade with FXDD for a couple of years. We face problems very seldomly and they occur in the volatile market conditions. No stop hunting, no other broker tricks so far. TP levels are always respected. In my opinion, they are one of the best brokers around.

MBT may be a good choice for small-medium accounts.

For FXCM, I totally give a thumb down. They freeze the platform when you are in a profitable position, they stop out your trades with unusual ticks and so on. When you try to withdraw money, it is a nightmare. You are lucky if you get your money before 15 days after you send the withdrawal form. It's ironic that the largest company of forex trading brokerage is a bucket shop!
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