anti hedging

[Hanoverfiste]

I have to rethink a few of my trading strategies now, IBFX now wont let you put 2 opposite pending orders on the same currency for the same account, I contacted them and was told they are working on an OCO program, but dont know when it will ready.

[Hanoverfiste]

I just got this email from FXDD
...
NFA Hedging Announcement
To our valued clients,

In our effort to provide the best solution for your trading regarding the NFA's new rule on hedging, please know that we have been in contact with the NFA and have offered several solutions which we believe will accommodate almost all types of trading strategies and comply with the NFA rules. Our discussions with the NFA are ongoing and we will keep you advised. In the mean time, know that FXDD is making no immediate changes to any platforms and that you will be fully advised prior to any proposed changes.

Sincerely,
The FXDD Team

75 Park Place, 4th Floor, New York, NY 10007
Toll-free in the US: +1-866-367-3933 or +1-212-791-3933.




, Its too bad IBFX didnt take the same approach..

[nicvos]

I see most of the other brokers still allow two opposite pending orders, I guess IBFX will loose out in the end

[lrathi]

Use a MT4 broker outside the US who is not under the NFA regulations but still under another statutory body of the country they belong to like Alpari(UK) Activtrades(UK), Many Swiss brokers or Australian Mt4 brokers. They all allow hedging.

[ForexMagnates]

You can read this post to see how does your US broker cope with the new regulations: Does your US broker comply with the upcoming FIFO (Rule 2-43) Regulation? | Forex Magnates

[Camilla]

I wonder what the rationale behind this new NFA anti-hedging requirement is?