FXDD, one of the largest MT4 brokers, is awaiting NFA license approval for year and half now. FXDD is probably going to be the last Forex broker NFA will register as most of the brokers are now going in the opposite direction with the understanding that the future of the US Forex industry is in the dark.
It seems that despite all this FXDD is confident it’ll eventually get the license as it went ahead and signed a sub-lease deal with ABN AMRO for one floor in its 7 World Trade Center building. FXDD leased the whole 32nd floor – that’s 41,000 square feet at the humble price of $65 per square foot. If I’m not mistaken this means that FXDD will be paying $2.665 Millions just for office space. Who said Forex brokers aren’t making enough money?
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Read the details of the real estate deal here.