Download the Funds Redemption Form. The FXDD Funds Redemption form needs to be filled out and submitted by FAX to: +1.212.937.3845. Please note, US federal law prohibits FXDD from redeeming funds to a bank account or person that is different than the name and account used to open the account.
What currencies can I deposit?
FXDD only accepts deposits in USD. You may wire funds in any deliverable currency but please be advised that your bank will convert your local currency into USD before remitting the funds to FXDD to your account.
Does FXDD process any tax deduction on profit generated?
Income reporting is the responsibility of the individual customer. You should discuss this matter with your tax advisor.
How do I close my FXDD individual or joint account?
To close your account, download the Funds Redemption Form. Please complete, sign and fax the form to: +1.212.937.3845. Please note that an FXDD account will never be closed, but money can be withdrawn and deposited at any time.
In the Client Application: What is the difference between net worth and liquid net worth?
In the net worth line you should fill in the roughly estimated value of all your assets, minus all your liabilities. In the liquid net worth line you should fill in the estimated amount of your net assets (assets minus liabilities) that can easily be converted into cash. Please note that this is an estimate. FXDD may require a client to fill out additional forms to complete the application process.
Does FXDD accept credit cards as the deposit/withdrawal method for the accounts?
Yes. FXDD accepts credit card deposits through PayPal®.
What bank is FXDD using for customer deposit?
FXDD uses CHASE for customer deposits.
Note: FXDD is not a subsidiary and/or affiliate of JP Morgan Chase Bank.
Does FXDD offer FDIC insured accounts?
No. FXDD is not a bank, therefore FXDD accounts are not FDIC insured.
Can funds be transferred from a bank account other than my own?
Funds can only be transferred from the bank account listed on the form, or a matching name from a different bank account.
Does FXDD charge a wiring fee?
No. FXDD does not charge a wiring fee for incoming and outgoing wires.
How do I wire money into my FXDD account?
Please see the following wiring instruction
The Chase Manhattan Bank 1 Chase Manhattan Plaza New York, NY 10081
ABA Number: 021000021 Account Number: 066654637 Swift Code: CHASUS33 Account Name (Beneficiary): FXDirectDealer, LLC. Special Instructions: (Please specify your name and FXDD account information here)
KeyBank National Association 17 Corporate Wood Blvd. P O Box 1440 Albany, New York, USA
ABA Number: 021-3000-77 Account Number: 329-68106-5788 Swift Code: KEYBUS33 Account Name (Beneficiary): FXDirectDealer, LLC. Special Instructions: (Please specify your name and FXDD account information here)
How long does it take for the money to reach my account by personal check?
It usually takes CHASE five business days to clear a personal check. FXDD monitors account and we will notify you immediately once your check clears.
Is FXDD required under US tax law to report margin account information regarding a non-US citizen customer?
No. Non-US citizen-customers are responsible for reporting their earning and losses. FXDD will certainly let customers know if any changes occur, but FXDD does not issue 1099 tax forms to individual traders.
How do I withdraw funds from my account?
