The dealing desk is open 24-hours a day from Sunday 7 PM New York time until Friday 4:00 PM New York time. Quotations, order placement, and confirmations are available online or via telephone.

Phone Numbers

U.S. Toll Free 1-866-FOR-FXDD (367-3933) or International at +1-212-791-FXDD

Dealing Spreads

FXDD offers 20 currency pairs. Although we do not guarantee spreads for all market conditions, we strive at all times to maintain the tightest spreads possible. Our target bid/ask spreads listed in the table below are those employed in normal market conditions. In quiet markets, the spread may be even tighter, while in volatile markets or release of economic figures, the spread may widen.

Order Sizes

On the FXDD trading platform all mini account trades are executed in standard sizes of 10,000 units of the base currency per one lot. Here are some examples:

Here are some examples:

• U.S. Dollar/ Japanese Yen (10,000 U.S. Dollars)
• Euro/ U.S. Dollar (10,000 Euros)
• Euro/ Great Britain Pound (10,000 Euros)
• Euro/ Japanese Yen (10,000 Euros)

Types of Orders

The trading platform provides sophisticated order entry and tracking of market orders, entry orders, stop/limit orders, and stop-loss orders and others. All of the above orders are Good Until Cancelled (GTC), which is valid until the order is executed or cancelled.

Margin

FXDD enables currency trading to be conducted on a highly leveraged basis. Traders may elect not to utilize the entire trading power provided to them. The requirements for leverage vary with account size, and may be changed from time to time at the sole discretion of the dealing desk, based on volume traded and market conditions.

-$50 Per Lot* (approximately 0.5%)

*Not available for accounts over $20,000.

Up to 200:1 Leverage*

Clients must have approximately 0.5% of the value of the positions they hold in their account for each lot of currency being traded (approximately 200:1 leverage). This equates to approximately $50 per lot (10,000 units). This amount does not change after 5:00 PM New York time, which is the rollover cut off time, but stays constant at approximately 0.5% per lot the entire day and overnight.

Guaranteed Limited Risk

There is also an important safety feature embedded in our system that prevents clients from losing more money than they have in the account. Should the account equity -- meaning the total floating value of the account -- fall below 80% of the margin requirement of 0.5% per lot, all open positions will be closed automatically.

Rollover/Interest Policy

In the spot forex market, trades must be settled in two business days. If a trader sells 10,000 euros on Tuesday, the trader must deliver 10,000 euros on Thursday, unless the position is rolled over. As a service to our traders, FXDD automatically rolls over all open positions to the next settlement date at 5:00 PM New York time. Rollover involves exchanging the position being held for a position expiring the following settlement date. The positions being exchanged are usually not valued at the same price. The amount of the difference varies greatly based on the currency pair, the interest rate differential between the two currencies, and fluctuates day to day with the movement of prices.

Note: On Wednesdays, the amount added or subtracted to an account as a result of rolling over a position tends to be around three times the usual amount. This "3-Day" rollover accounts for settlement of trades through the weekend period.


*Leverage Disclosure: Without proper risk management, a high degree of leverage can lead to large losses as well as gains.