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Screenshot of a breaking news alert e-mail from Q2 2017
LeapRate Regulated List provider FXDD Global, a leader in international online FX trading, last Friday announced that its affiliate company FXDD U.S. has applied to the National Futures Association (NFA) to withdraw its introducing broker (IB) license in the United States, reflecting the brand’s focus on expanding its international operations and serving retail and institutional traders in countries outside of the United States.
FXDD U.S.’s decision to voluntarily withdraw as an IB in the United States will have positive effects for FXDD Global’s international trading clients. Once the withdrawal is approved by the NFA, FXDD U.S. will no longer be regulated in the United States by the NFA and CFTC and the brand will be able to use its capital reserves on other initiatives, such as international expansion. FXDD Global will continue to enhance its already exceptional trading environment for both retail and institutional spot FX, FX options, binary options, and commodities traders.
“This announcement reaffirms our commitment to focus on international growth,” said FXDD Global Chairman Emil Assentato.“We believe this move will allow us to deploy our capital reserves in a more efficient manner and speed the growth of our international business. Our decision to sell our retail accounts in the United States and focus on international markets has helped us grow considerably, and the withdrawal of our U.S. IB license is our next step to further drive international expansion.”
FXDD Global would like to reiterate that it’s very important to understand this is FXDD US (who sold its retail accounts to FXCM back in May, NOT the globally focused Malta based firm and parent company, FXDD Global).