HomeArticlesBroker Warning – FXDD Charged by NFA


Broker Warning – FXDD Charged by NFA — 9 Comments

  1. I have an account there, so this issue is a concern to me.

    I decided to have a look at their latest financial situation:



    Seems that in April 2012 FXDD’s net capital is 23.6 mill, and their excess capital was only 2.1 mill. In March their excess capital was 4.7 mill.

    So looking at those numbers they are in fact a small broker, and their financial situation is worsening for some reason.

  2. Wow, I didn’t catch this about FXDD. I, too, have an account with them. Has anyone had any trouble getting money out? Richard, are you still with them?


  3. I closed my FXDD account. I’ve been with them for 3 years and I’ve had no problem, but with all the brokers that are screwing their clients, I’m not taking any chances. Now I have to find a new broker…

  4. I think these NFA reports are very informative because they are actual findings from their investigative team sent to the broker’s offices.

    It’s amazing what some of them get up to. Forex.com and FXCM have been charged numerous times by the NFA, and have been fined and/or forced to reimburse their customers. Perhaps the NFA should start permanently banning brokers who breach the regulations more than 2-3 times.

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