Chinese and Indian FX trading available at FXDD
Leading FX brokerage FXDD has announced the offering of Chinese currency trading on-line on its MetaTrader 4 platform. Forex traders
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:
Join the iFX EXPO Asia and discover your gateway to the Asian Markets
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.”
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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.
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Should read ” FXDD is working with ForexLive.com providing seminars and education to traders.”
called fxdd asking diff between cny and cnh…noone knew. call transfered from one dept to another dept.
One rep said china has 2 currencies. how can one country have 2 currencies. They need to train their staff.
Do they advertise the pip spread on these currencies?
As far as I know that the Reserve Bank of India does not allow retail trading in India. Some companies have been doing it with work arounds but so far as I know it is not legal in that country. Probably that is a reason that big ones do not have their operations there.
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