FXDD is confident of getting its NFA license

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 Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term 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?

Read the details of the real estate deal here.