Leading FX brokerage FXDD has announced the offering of Chinese currency trading on-line on its MetaTrader 4 platform.
Forex traders looking at exotic and minor FX pairs can trade with FXDD on the following currencies:
USD/CNY – United States Dollar/Onshore Renminbi
USD/KRW – United States Dollar/Korean Won
USD/TWD – United States Dollar/Taiwan Dollar
USD/INR – United States Dollar/Indian Rupee
“FXDD is among the first to offer these emerging market pairs to retail traders, representing some of the world’s fastest growing economies,” said Lubomir Kaneti, chief operating officer at FXDD. “Our clients have come to know that by trading with FXDD, they gain access to platforms and products otherwise only available to large banks and institutions.”
“Emerging markets are growing rapidly and becoming increasing influential to the global economy,” Robert McKeon, senior vice president of markets and liquidity at FXDD added. “We’re giving retail traders first access to these markets as they evolve into the global powerhouses of the future.”
The Participants in Forex Trading and their Role in the MarketGo to article >>
The addition of the USD/CNY, USD/KRW, USD/TWD, and USD/INR to those announced by FXDD in September (USD/CNH, EUR/TRY, USD/SGD, USD/HKD), positions FXDD at the forefront of emerging markets around the globe and ensures that FXDD customers have the ability to access competitive spreads, world-class customer service and top-tier Forex education. With the addition of these four new pairs, FXDD now offers 31 currency pairs to its retail clients.
Spreads in these new pairs will be competitive. Traders based within the United States may trade these instruments with up to 20:1 leverage. To see live spreads, please request a free FXDD Demo Account.
FXDD has operations in Europe and is regulated is under the Maltese Financial Services Authority, they are able to offer FX and CFD’s and can offer additional leverage outside the NFA requirements.
FXDD is working with ForexLive providing seminars and education to traders.
Forexmagnates has written a detailed report on the Chinese FX market, available in the Q1 2012 quarterly report.