FXDD’s FAQs – Page 2 – Hercules.Finance

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Where is FXDD's office located? What kind of services & options do they offer?

FXDD is an online Forex & CFD broker which has the main office in the World Trade Center in New York. FXDD is also a registered broker in Bermuda to provide its service outside of U.S.A. Please note that the accounts you may op...

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What's the fine charged on FXDD by CFTC? Is FXDD a safe and trustworthy broker?

FXDD has paid $2.74 million of fine to the regulatory authority, CFTC in USA in 2013. According to CFTC's announcement, the fine was charged because FXDD has used "asymmetrical slippage parameter" to let the system execute the orders ...

FXDD

Could I lose my money in MT4 & MT5 Demo trading account? What's the cost?

No. The money provided in the demo account (FXDD Trader or MetaTrader4) is virtual play money with an initial deposit of either $50,000 or another amounts you select. This virtual play money is provided so that you may practice tradin...

FXDD

How long can I use MT4 and MT5 Demo trading accounts?

A demo account is good for 90 days, beginning the first day of sign-up. On the 90th day, your account will become inactive. If you require additional time before opening a live account, you may register for more than one demo accou...

FXDD

Is FXDD a NDD (Non-Dealing Desk) or DD broker?

FXDD maintains a risk desk, but not a dealing desk. The function of the Risk Desk is to insure liquidity from their global liquidity providers and to provide assistance to clients who cannot access their platforms. FXDD does not in...

FXDD

What is Currenex? Can I use the trading platform with FXDD?

Currenex offers Executable Streaming Prices (ESP(tm)), Request For Streams (RFS), Benchmark Trading, and Algorithmic Trading. Currenex is one of the deepest liquidity pools in the spot foreign exchange market. FXDD offers the Currenex...

FXDD

Can I trade Micro lots(0.01 lot) in FXDD MT4 and other platforms?

Yes, if any account equity is less than $5,000.00 USD, a micro account on MetaTrader 4 is appropriate. Trading in 1,000 base currency units (or dollar) increments on the MetaTrader 4 platform is the micro. The maximum leverage whic...

FXDD

Does FXDD offer 'PAMM/MAM account', 'lot allocation' and 'percentage allocation'?

FXDD offers lot allocation but not percent allocation facilities available to money managers. For specific terms and conditions, send a request to FXDD sales department detailing specific needs and a representative will be in contact....

FXDD

How much is the trading commission on FXDD's trading platforms?

FXDD will not charge commissions on trades made by self-directed clients using the standard tier spreads on Swordfish, MirrorTrader, or MetaTrader platforms. FXDD charges commission on any account using the Xtreme tier, Currenex(Vikin...