FXDD Global just announced the launch of FXDD Trading, a new entity held by Currency Mountain Holdings, the holding company of FXDD Global and other brands within the FX industry. FXDD Trading is designed to offer value-added features not currently available in other regions such as 500:1 leverage and a five percent annual percentage interest rate on unused margin.
The company explains the new entity meets the increasing demand for a more flexible trading environment that offers greater leverage. Additional benefits the entity offers include: access to tier-1 liquidity, powerful trading functionality, enterprise-level proprietary technology, superior customer service, and reliable streaming liquidity. FXDD Trading is unregulated, similar to other brokerages that have been set up specifically to meet demand for more flexible margin profiles.
All funds in FXDD Trading accounts will be held in the United States by Bank of America, an N.A. Member FDIC and clients of FXDD Trading will experience similar ‘Know Your Customer’(KYC) and Anti-money Laundering(AML) policies as those of other FXDD entities.
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“We’ve seen a growing appetite in the foreign exchange industry for the freedom that an entity like FXDD Trading offers,” said Emil Assentato, chairman and chief executive officer at Currency Mountain Holdings. “The new company is committed to innovation on behalf of retail and institutional currency traders, hedge funds, commercial entities, brokerage firms and money managers across the globe following in the tradition of other FXDD brands.”
FXDD Trading is already open and accepting applications. The broker says that since opening to existing clients earlier this month, more than 15,000 traders have already taken the opportunity to open trading accounts with the new entity.