FXDD one of the best Forex brokers available

One of the largest forex brokers in the market, FXDD focuses on America, Europe, Asia and Japan. With its variety of trading tools, it gives its clients complete support. While FXDD does not charge a commission on deals on its standard retail platforms, it has a rate for high volume traders. These, however, have considerably lower spreads than the standard retail accounts.

The spreads at FXDD are competitive, the width depending on the type of account chosen. MT4 and FXDDTrader accounts are commission-free, with spreads varying between 2 and 3 pips for major currency pairs. Compared with GAIN or FXCM, these are definitely competitive. The MTXtreme or PowerTrader are suited for big private traders with lower spreads (lower than 1 pip for major pairs) but are not commission free.

Platforms galore

The trading platforms have charting packages with many time-line possibilities, display types, and numerical analysis. Of the five software platforms, the Meta Trader 4 blends the Expert Advisor feature which is the most popular retail trading platform now. MT4 also allows traders to build their own trading strategies, use automated trading robots.

The MTXtreme platform is meant for high-volume traders. The minimum opening account size on this retail platform is 10,000 dollars and therefore it is not recommended for new traders. Commission-based, it comes with lower spreads than with a regular FXDD MT4 account. Spreads are often lower than 1 pip for major currency pairs.

The FXDDTrader is self-developed and provides good charting, reporting and execution options. However, the general feeling is that it is not as powerful as the first two. The FXDDAuto, the automated version of FXDD’s self-developed platform, carries out plans and signals from third-party providers. PowerTrader is available only to institutional traders or large private traders and the minimum deposit is 25,000 dollars. It gives quick and reliable implementation and large block trades.

Cashing in on news!

FXDD’s team of top trainers provides live training courses on forex across major cities in the US. This is apart from the online tutorials that are conducted. Sensing the importance of news, it has also brought to its users many news sources. On the anvil are a commentary page and an Internet-based news channel on demand. Want to be a part of a rebate program? What you have to do is simple. Use forextradingpal.com to get yourself an FXDD account with rebates. Mention Forex Trading Pal as a reference during your trades and get your taste of the savings. Only leading brokers have been asked to take part in our program. So what are you waiting for? There is no time to lose! Just visit Forex Trading Pal to sign up for a FXDD account and start receiving the rebates.