Frequently Asked Questions > Live Accounts

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Can I register for an FXDD account online?
Why choose a “Mini” trading account?
Why choose a “Standard” trading account?
How do I open a “Mini or Standard” account?
What documents are needed to open a new live account?
Does Metaquotes offer an API?
Does FXDD offer trading in an IRA?
What information do I need to set up a corporate account?
How much do you charge for wire transfers to or from my FXDD Account?
How do I submit new account documents?
Can I trade Gold and Silver with FXDD?
Does FXDD issue an official annual profit/loss statement (similar to issuing 1099 tax form)?

Q: Can I register for an FXDD account online?
A: Yes, click here to access the online live account registration form.

Q: Why choose a “Mini” trading account?
A: The Mini’s smaller contract size allows you to familiarize yourself with our trading platform, experience FXDD’s superior execution, and learn to trade FX with proportionately less risk than you would normally have with a standard account. The mini account also uses the same tight spreads as the standard account. The initial required minimum deposit for a MINI is $500 USD. With a mini account the client usually trades lots of 10,000 units of the base currency, although it is possible to trade bigger lots based on available margin.

• Minimum Deposit – $500 USD
• Lot Size – 10K units
• Maximum Leverage – 200:1

Q: Why choose a “Standard” trading account?
A: A standard trading account is appropriate for people who can contribute more capital to a speculative risk/reward investment.

• Minimum Deposit – $5,000 USD
• Lot Size – 100K units
• Maximum Leverage – 100:1

Q: How do I open a “Mini or Standard” account?
A: Be sure to select the appropriate check box on the application form.

Q: What documents are needed to open a new live account?
A:The following will be needed:

US residents:
In addition to the Main Account Application, the Signature Page of the Customer Account Agreement. W9 form, and in case the account will be managed by a trading agent a Limited Power of Attorney (LPOA) and appropriate commission acknowledgment might also be necessary.

Non-US residents:
In addition to the Main Account Application, 2 forms of ID (1 picture ID), IRS Form W-8BEN, the Signature Page of the Customer Account Agreement. In case the account will be managed by a trading agent a Limited Power of Attorney (LPOA) and appropriate commission acknowledgment might also be necessary.

Q: Does Metaquotes offer an API?
A: Metaquotes offers a free API for the MetaTrader 3 version. Although this API is available to the general public. Trading through an API normally falls under certain terms and conditions so you are welcome to review the API but should you consider using it with live accounts we suggest you should contact our tech support to make sure they understand your project and they can tell you if you are likely to have some issues.

Q: Does FXDD offer trading in an IRA?
A: If you would like to have an IRA account with FXDD you must first open a custodial/trust account with one of the IRA custodial firms with which we work. The firms listed below can help you open your account.

Millennium Trust http://www.mtrustcompany.com 800-258-7878
Entrust Administration http://www.entrustadmin.com 800-392-9653
Equity Trust http://www.trustetc.com 877-693-8209

Once your IRA custodial account is opened, you will need to fill-out all of our standard opening applications and documents and send them to your custodial company. The custodian will make a few changes on your application – such as change the account from being in your name to Entrust Admin FBO ____ _______. The custodial firm will then forward all of that paperwork to us, and we will open it as a regular account. You may not make deposits or withdrawals directly into this trading account – deposits and withdrawals must be done through the custodian. If you have specific questions regarding IRA's, you should speak to your custodian.

Q: What information do I need to set up a corporate account?
A: Please click here to see what information we need from your specific account. Please note that corporations will require different forms. For assistance you are welcome to contact an FXDD representative at 1.866.FOR.FXDD or at sales@fxdd.com

Q: How much do you charge for wire transfers to or from my FXDD Account?
A: Neither FXDD nor JPMorgan Chase Bank, N.A. charge a wiring fee. You will not be charged by FXDD for any incoming or outgoing wire transfers. If you notice that a charge took place on any incoming wire to FXDD, please contact your own bank and ask for information from them directly.

Q: How do I submit new account documents?
A: Our online account application form allows you to complete and sign all necessary documents online, except for the two forms of ID if you are not a resident of USA. A person may also print, scan and e-mail documents to sales@fxdd.com, fax the forms to: 212-937-3845 or mail to the following address:

NewAccounts Department
FXDD
75 Park Place, 4th Floor
New York, NY 10007

Q: Can I trade Gold and Silver with FXDD?
A: Yes, you can trade Gold and Silver with FXDD on the FXDD Trader Platform.

Q: Does FXDD issue an official annual profit/loss statement (similar to issuing 1099 tax form)?
A: Income reporting is the responsibility of the individual customer. Clients can print out a report from their trading platform.

MetaTrader Platform:

1. Select the ACCOUNT HISTORY tab in the TERMINAL window.
2. Right-click anywhere inside this area.
3. Select CUSTOM PERIOD.
4. Enter preferred dates.
5. Click OK.
6. Once the report loads, right-click in the ACCOUNT HISTORY tab again.
7. Select SAVE AS REPORT.
8. Save the file on your local computer.
9. You can now email or print out your trading history for tax preparations.

1. Select ACCOUNT from the top menu.
2. Select REPORTS.
3. Choose ACCOUNT STATEMENT from the drop-down menu.
4. Select the desired time frame.
5. Choose GET REPORT.
6. Save the file on your local computer.
7. You can now email or print out your trading history for tax preparations.