FXDD Information

FXDirectDealer is a Tradition Group company, a world leader in the brokerage and trading of financial and non-financial products.

Tradition's history dates to 1959 when it became the first broker of interbank Eurodollar deposits. In 1982, it developed and brokered the first Future Rate Agreement (FRA) which quickly became an essential asset/liability product for banks and financial institutions to hedge their forward interest rate exposure. In 1993 it became the first New York broker to bring buyers and sellers together in LDC currencies.

Today Tradition ranks as one of the "Top 4" brokers in the over-the-counter financial and non-financial products. They have offices in 15 countries and service 7,000 clients around the globe.

With FXDirectDealer, Tradition is once again looking to repeat it's successes of the past, with a new success for it's future. By offering an online foreign exchange product to the small and medium sized investor, it looks to once again fill a void that is in desperate need of filling.

Tradition's brokerage history is obviously unmatched. However, with FXDirectDealer, and it's other businesses, it strives to be more than just brokerage. As a result, FXDirectDealer personnel will include seasoned trading and brokerage professionals from the interbank community who understand the FX market, and the technical and fundamental news that make it move one way or the other.

Traditions history is about innovation. Tradition is about satisfying needs within the financial community. Tradition is about service. Tradition is about feeling secure in your foreign exchange dealing. There is no known competitor with the tradition of Tradition.

So, take a close look at the institution you have your margined trading funds with and ask yourself, "Do I want to take my risk in the market or with the firm that holds my margined funds?". With Tradition, you have the corporate reputation, safeguards and history to concentrate that risk, solely on the market - not outside of it!

FXDirectDealer's business model is to seamlessly execute - on a Straight Through Processing basis - client deals at our interbank market makers prices.

We do not trade against our clients.
We do not "run" markets in order to execute client pending orders or re-price orders when the client benefits.
We do not look to create an adversarial relationship with our clients, but instead look to foster a cooperative relationship that allows our clients to maximize their trading profits at all times.

This is the business model that Tradition our parent has been utilizing for over 40 years. By adhering to this model, it allows our clients to take the trading risks while we concentrate on facilitating their trades at the best possible prices. It allows us to avoid the conflict of interest whereby we put our trading P/L ahead of our clients. Instead we look to foster a team oriented relationship - clearly separating execution from trading.

For Individuals: You receive transparent pricing that allows you to maximize your trading profits.

For Investment Managers: You receive the best possible pricing for your trading, maximizing your profit potential for your clients

For Introducing Brokers: We share the same business model. We want our shared clients to trade profitably so that our returns are maximized. We don't look to put your client out of business by manipulating prices to our advantage and to your clients disadvantage.

Other markets, like equities, profess to being a 24 hour trading market. In reality, the ability may be there, but the liquidity often isn't. Without liquidity, you have nothing.

Foreign Exchange trading is a 24-hour a day, 5 plus day a week market that trades from time zone to time zone around the globe. From 7:00 PM EST on Sunday, to 4:00 PM EST on Friday, all our customers have real-time access to live trading prices. Comfort of consistent and constant liquidity gives our clients money making opportunities and trading flexibility around the clock.

For the financial professional or other trader in the corporate environment, all of FXDirectDealer's real-time live prices can be followed on Bloomberg, Reuters or Telerate Having access to the live, real-time market on various electronic medians is another way FXDirectDealer proves its professional service and commitment to its clients.

Leverage is a double edged sword. At FXDirectDealer we provide leverage up to 50:1. This means that with a margin deposited of $10,000 the client can control a trading position of up to $500,000.

This leverage allows the active trader to take advantage of market opportunities when they arise in a way that maximizes profit potential. However, it can also magnify the losses from unprofitable trades and result in the loss of the clients entire margin deposit. It is the good trader's responsibility to understand the risks that an over leveraged position can bring, and to use an amount that is congruent with their particular risk appetite.

FXDirectDealer has a full charting package included. Tic charts, minute charts, hourly charts, daily and weekly charts. Chart types include candlestick, tic and bar charts. You can also add Bollinger Bands, Moving Averages, Stochastic, MACD and Momentum. Finally, the charting package allows for the inclusion of Trend Lines. For more information on FXDirectDealer's charting capabilities, click the link below.

Client funds at FXDirectDealer can be protected by FDIC insurance. FDIC insurance covers up to $100,000 of deposited funds. FXDirectDealer uses Citibank and segregates the clients margin in separate escrow account.

In addition to the specific account protection, FXDD is also a self registered Futures Commission Merchant (FCM - NFA Number #0271289

Financial Standards and Oversight - Futures Commission Merchants are required to meet strict financial standards, including capital adequacy requirements. On a regular basis, FCMs are required to submit financial reports to regulators. These standards are enforced by the National Futures Association, which has the right to fine firms and/or terminate a FCM's regulatory status for violations.
Greater Transparency Of Business Practices - The National Futures Association keeps records of all formal proceedings against FCMs.
A Framework For Dispute Resolution - The U.S. regulatory framework is widely regarded as the best in the world for investor protection. If a dispute with a Futures Commission Merchant arises, investor can turn to National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC).

All FXDD customers have the peace of mind from being associated with a firm that has the backing of a global brokerage operation and the capital and auditablility of a FCM.

FXDirectDealer does not charge a commission on any of it's transactions. The price you deal on is the "all in cost" to you. In addition, there are no hidden setup fees for opening an account. We want to make your FX trading experience as simple as possible.

FXDirectDealer is a fully redundant and secure application. The application was built with the latest technology to insure that our customer's can enjoy uninterrupted service 24 hours a day. We also employ a multi-level security scheme that protects your information remains confidential.

FXDirectDealer has a margin monitor that gives all FXDD traders a real-time visual representation of their trading account, and the three margin levels that FXDirectDealer monitors including Maintenance Margin, Call Margin and Liquidation Margin.

FXDirectDealer was designed to have multi-language capabilities. This allows Introducing Brokers from around the globe to incorporate the FXDirectDealer technology in the common language of your customers. Contact a FXDirectDealer representative to discuss customizing a dealing platform that is truly customer friendly.