Deposit
Trading Funds
FXDD requires a minimum initial deposit of $500 to open
a mini account and $5,000 for a standard account. Funds
can be transferred to FXDD by a bank wire, check or through
PayPal.
Wire Instructions
Wiring of funds is the preferred and the fastest way
to transfer funds. Please allow 1-2 days business days
for the funds to be credited to the customer's account.
JPMorgan Chase Bank, N.A.
1 Chase Manhattan Plaza
New York, NY 10081
ABA Number:021000021
Account Number: 066654637
Swift Code: CHASUS33
Account Name (Beneficiary): FXDirectDealer,
LLC
Special Instructions: (Please specify
your name and FXDD account information here)
Mailing a Check
Checks should be sent to our New York Office at the
following address:
FXDD
75 Park Place - 4th Floor
New York, New York 10007
Attention Customer Accounts
FXDD does not assume responsibility for checks that
are sent via the mail, nor will we consider funds available
for trading until they have been deposited, cleared
and credited to the customer's account. This generally
takes 5 business days from the time the check is received.
FXDD is prohibited from accepting cash or cash equivalents
(e.g., money orders and traveler checks). FXDD cannot accept
personal checks from an individual that is NOT listed on the
account. For example, if Joe Smith has an account with FXDD,
Jackie Smith cannot send in a check under her name to FXDD
to fund Joe Smith’s account.
Transfer by PayPal®
Clients may send funds to FXDD using PayPal services
as an alternative to sending a wire transfer or check.
Services provided by PayPal are independent of FXDD,
as PayPal is not an affiliate or subsidiary of FXDD.
Furthermore, using PayPal as a means of transferring
funds is only within the discretions of each individual
customer. FXDD does not endorse or recommend usage of
PayPal over any other form of payment. FXDD will credit
the customer's trading account within 3-4 business days
of receiving confirmation of the customer's PayPal transaction.
Customers may only fund an account with FXDD once their
account is approved and they have received an email
with an FXDD account number. Any payments sent to FXDD
must match the customer's name and account number held
at FXDD, in accordance with the acting financial regulations
and the Patriot Act. FXDD does not accept third party
payment and neither executes third party payments, nor
guarantees the receipt or the return of such payments.
Transactions are limited to a minimum of $100 per transaction
and maximum of $5,000 a day.
How to Fund an Account with PayPal:
To read more about PayPal services and policies, please
read the instructions and the disclosures posted on the
PayPal Website thoroughly: www.paypal.com . FXDD recommends that all policies
and procedures regarding transfer, fees, etc. are clearly
understood by the customer prior to opening an account
with PayPal or using their services.
* Only accounts funded through Paypal can be redeemed through Paypal *
Given the possibility of losing your entire investment,
speculation in the foreign exchange market should only
be conducted with risk capital funds that if lost will
not significantly affect your financial well-being.
Transfer by Broker Processing Service
(BPS)©
Broker Processing Service, is a company that facilitates
electronic transfers and reconciliation of investment
funds specifically tailored to the financial services
industry. BPS centralizes the transfer process for all
counterparties. The investor and brokerage firm have
one point of access for all transfers thereby reducing
time and cost spent in cash management. All transfers
are in real time and provide all parties critical information
on the date, amount, status and brokerage account for
all transfers.
This service is free for all investors.
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