FXDD Reaches Agreement with U.S. Bank to Extend FDIC Insurance to Clients

NEW YORK, April 9, 2013 /PRNewswire/ -- FXDD, a leader in Forex trading and investor education, announced today a new deposit program with U.S. Bank that will extend Federal Deposit Insurance Corporation (FDIC) insurance to FXDD clients who maintain deposits of $50,000 or more. U.S. Bank, an FDIC Member, allows certain accounts (e.g., brokerage deposits) to receive full FDIC protection up to $250,000.

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"Amid a time of global financial uncertainty, FXDD is dedicated to ensuring that our clients receive the greatest protection available," said Lubomir Kaneti, chief operating officer at FXDD. "We feel the FDIC pass-through insurance adds an unprecedented additional layer of security for our clients."

FXDD client deposits at U.S. Bank are insured by the FDIC against certain kinds of loss or theft, but will not be insured against bad trades or broker insolvency. This type of FDIC deposit insurance is the same protection the FDIC offers for checking and other bank accounts.

Founded in 1863, U.S. Bank is the fifth largest bank in the United States. At the end of 2012, U.S. Bank had $354 billion in assets and held $249 billion in deposits. They have 17.6 million customers and operate 3,084 U.S. branches.

FXDD plans to offer FDIC insurance to smaller client accounts as their deposit program with U.S. Bank expands.

To learn more about FXDD, visit their website at www.fxdd.com.

About FXDD

FXDD (www.fxdd.com), a Foreign Exchange Dealer registered with the CFTC and a member of the National Futures Association, is headquartered in New York City's 7 World Trade Center. FXDD is a leader in online Forex trading and education, dedicated to providing superior customer service, powerful trading technology, and reliable streaming liquidity. FXDD provides 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, PowerTrader, VikingTrader, Mirror Trader, FXDD Swordfish and JForex. The Company's services currently provide competitive interbank pricing, no-interest accounts, and automated execution. FXDD also provides 50:1 leverage on major currencies in the US, as well as competitive bid-to-ask spreads.

Follow FXDD on Twitter at twitter.com/fxdd and on Facebook at facebook.com/FXDD

SOURCE FXDD

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