FXDD announced today its successful registration with the Commodity Futures Trading Commission (CFTC) and its newly enacted status as an official member of National Futures Association (NFA). Going forward, FXDD will operate as a fully registered Forex Dealer Member (FDM) in accordance with the rules and regulations of CFTC and NFA.

“We have always focused on compliance and made sure we were up to speed on new changes in the applicable rules and regulations. Throughout the registration process we worked closely with the NFA and came to appreciate the hard work and effort the NFA staff puts in to manage a firm through the registration process. Needless to say, I am glad that we’ve finally obtained member status. This is a very important and long awaited moment in the life of our company,” said James E. Green, Chief Legal Counsel and Head of Compliance for FXDD.

FXDD, headquartered in New York City, is a leading online foreign exchange trading firm dedicated to providing superior customer service, powerful trading technology, and reliable streaming liquidity. We provide our services to individual and institutional traders, hedge funds, commercial entities, brokerage firms and money managers around the world. FXDD offers 24-hour Forex trading by way of its trading platforms, which include: MetaTrader, MTXtreme, FXDDTrader, PowerTrader and FXDDAuto. The Company’s services currently provide competitive interbank pricing, no-interest accounts, and fully automated execution. FXDD also provides competitive bid-to-ask spreads (2-3-wide on most majors for retail platforms and 0-2 pips on most majors for institutional platforms). 

We did a quick review of our MT4 brokers list this week and found:

Our original list contained 132 brokers around the world that offer MT4 as a trading platform. I'm sure that 132 is not an accurate count but it gave us a good foundation to work from.

From that list, there are 56 brokers in our MT4-Brokers quick list. These are companies for which we have already completed a company profile in our database.

29 of the original 132 are either out of business; or we could not connect to their website; or they are up for sale; or they don't offer MT4 as a platform anymore, etc.

Defunct MT4 Brokers
Former MT4 Broker	Former URL
1st Trader Company	http://www.1sttrader
Adamaz Forex	http://fractal.uniweb.ru/
CFGTrader LLC	http://www.cfgtrader
COESfx (COES Inc.)	http://www.coesfx
CompassFX	http://www.compassfx
Dunhill Scott, Inc.	http://www.dunhillscott
EuroNet Financial Network LLC	http://www.euronet-fn
FINEX Group GmbH	http://www.finex
Forex Global Investment LLC	http://www.forexgi
Forex India	http://www.fxindia.org/
Forex Private	http://www.forexprivate.ru/
FX4us	http://www.fx4us
GoldMany Investment Holdings Ltd	http://www.goldmany.org
Inforex IB	http://www.inforex.org/
INTX (Inteks)	http://www.intx.ru/
Joy Financial Group	http://www.joyfg
Lefco Bank	http://www.lefco.ru/
Masterpiece Futures	http://www.masterpiecefutures
North Shore FX	http://www.northshorefx
One World Forex	http://www.1world-forex
Performance Capital	http://www.fxpcil
PFEC	http://www.eforex-asia
ProFXBroker	http://www.profxbroker
SNC Investments	http://www.sncfx
Solid Gold International	http://www.sgfs.us/
SpaceVision Switzerland SA	http://www.spacevision-fx.ch/
Spencer Financial	http://www.spencerfx
Tradeco Clearing Group	http://www.tradeco
Tradex Indo (Tradex Swiss AG)	http://www.tradexindo

We will add the remaining 47 MT4 brokers to our profile database over the next couple of weeks. We'll try to keep up with this. New MT4 brokers open their doors for business every day.

NFA issued an email to its membership this morning announcing the planned launch of an updated version of its website on June 29th.

"NFA's website is the primary source of information for NFA Members as well as other regulators, enforcement agencies and the general public. More than 1.75 million pages are viewed on NFA's website every month.

On Monday, June 29, NFA will launch an updated version of the www.nfa.futures.org. The new website will feature an improved visual appearance, a more user-friendly navigation system, as well as several new features, including: 

• In response to comments from NFA Members, CFTC staff and other industry professionals, we have enhanced the search function for the NFA Manual. Visitors to the site will be able to search the site using specific rule numbers or key words and phrases. They will also be able to select which sections of the Manual they would like the search to cover (e.g., Interpretive Notices, Arbitration Rules, etc.).
• We have expanded our Frequently Asked Questions section, allowing visitors to find answers to their questions more quickly and efficiently. Visitors will also have the ability to search the FAQs.
• Member education is extremely important to NFA and we have developed some new resources for our Members that will be introduced in conjunction with the launch of the new website. NFA Members will be able to listen to and/or download podcasts on topics such as preparing for an NFA audit and registration issues for principals, associated persons and branch offices. We have also produced a webcast for CTAs to help them understand how to prepare their performance tables.

For those NFA Members who have bookmarked specific pages on the current website, we have made every effort to automatically redirect you to the corresponding page on the new site. However, there may be instances where you will receive an error message and instructions on how to proceed."

Over the weekend we removed all the restrictions on Forexturtle's company profiles.  Now you can access Forex company profiles previously only available to registered members. Go to the Explorer menu to search or browse our worldwide Forex company directories.

I am pleased to announce that we have added Michael Greenberg's blog, Forex Magnates, to Forexturtle's home page.

Forex Magnates, where Michael shares his insight and perspectives on the foreign currency exchange market, is rapidly becoming a favorite daily read of industry leaders.

Today, Michael works as a Regional Sales Executive for ParagonEX and an Associate at Arbel Capital Group.

Catch Michael's most recent posts at Forexturtle.com.