FXDD
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1 January 2002 in New York City, United States |
| Founder | Tradition (North America, Inc.) |
| Fate | U.S. retail Forex client accounts taken over by FXCM in 2014 |
| Successor | FXCM (for U.S. retail Forex client accounts) |
| Headquarters | Jersey City , United States |
Area served | Worldwide |
| Products | Foreign exchange trading services, spot foreign exchange market access, FX options, binary options, precious metals trading |
| Owner | Tradition (North America, Inc.) |
| Parent | Compagnie Financiere Tradition (affiliate) |
| Website | www |
FXDirectDealer, LLC (commonly known as FXDD) specializes in providing foreign exchange trading services to both individual retail and institutional investors. The firm grants market access to the spot foreign exchange market via a combination of proprietary and third-party platforms, such as MetaTrader 4, FXDD Swordfish, PowerTrader, VikingTrader, Mirror Trader, and JForex.
History
Established in New York City in 2002 by its affiliate Tradition (North America, Inc.), which is a branch of Compagnie Financiere Tradition along with Advanced Technologies Group Ltd., FXDD initially operated out of Tradition’s main office located at 75 Park Place, NY. In 2016, the company shifted its headquarters to Newport Tower in Jersey City.
On May 7, 2014, FXCM took over FXDD’s U.S. retail Forex client accounts.
Operations
Founded in 2010, FXDD Malta, LTD operates under the regulation of the Malta Financial Services Authority and offers clients access to spot foreign exchange trading, FX options, binary options, as well as precious metals markets.
Instruments
Originally focused on retail spot foreign exchange trading, FXDD now facilitates transactions involving major currency pairs, cross currency pairs, emerging market currencies, gold, silver, and oil. By August 2013, it supported trading across 32 currency pairs including USD/CNY, USD/CNH, USD/MXN, USD/INR, and USD/KRW.
FXDD Malta provides spot Forex services for 32 currency pairs in addition to vanilla and binary options trading.
Sponsorships
FXDD began its involvement in sports sponsorships with the New York Rangers in 2009. The following year, it collaborated with Formula 1’s Red Bull Racing Team and backed the FXDD Mazda-RX8 driven by Emil Assentato and Jeffrey Segal, which secured the 2010 GRAND-AM Rolex Sports Car Series Championship title.
In 2012, FXDD introduced the AIM Autosport Team FXDD Ferrari 458 Italia GT Grand Am car featuring their branding. This team won the Rolex GT Series Championship that same year.
Additionally, from 2006 to 2015, FXDD sponsored the student cycling club at the Massachusetts Institute of Technology and supported the Malta national soccer team in 2012 through its Malta-based entity FXDD Malta Ltd.