Why Trade The Mini?


The dealing desk is open 24-hours a day from Sunday 5:00 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.

Currency Pair Spread Currency Pair Spread
EUR/USD 2 pips EUR/AUD 15 pips
USD/JPY 2 pips GBP/JPY 8-11 pips
USD/CHF 3 pips EUR/CAD 10 pips
USD/CAD 4 pips CHF/JPY 9 pips
GBP/USD 3 pips AUD/CAD 10 pips
EUR/JPY 4-5 pips AUD/JPY 8 pips
AUD/USD 4 pips AUD/NZD 13 pips
EUR/CHF 4-5 pips NZD/USD 5 pips
EUR/GBP 4-5 pips GBP/CHF 9 pips

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 100:1 Leverage
Clients must have approximately 1% of the value of the positions they hold in their account for each lot of currency being traded (approximately 100:1 leverage). This equates to approximately $100 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 1% 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.

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PremiereTrade® FOREX LLC, 103 Commerce Street, Suite 100, Lake Mary, FL 32746

PremiereTrade® is a licensed trademark of PremiereTrade® LLC. and any related products are analytical tools only and are not intended to replace individual research or licensed investment advice. Unique experiences and past performances do not guarantee future results! Testimonials are non-representative of all clients; certain accounts may have worse performance than that indicated. Trading stocks, options, mutual funds and spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. No representation is being made that any software or training will guarantee profits or not result in losses from trading. Neither the software programs, any explanation or demonstration of their operation nor any training held in conjunction therewith, including, without limitation, through online chat, radio programs, during in-person seminars or otherwise should be construed as providing a trade recommendation or the giving of investment advice. All purchasers of software or other products owned by PremiereTrade® FOREX LLC or assigns are encouraged to consult with a licensed representative of their choice regarding any particular investment or investment strategy. Prices and offers are subject to change without notice. All shipping & handling charges are non-refundable.

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