- MT4.
- Allows hedging within the one currency.
- Preferably ECN.
- Or if fixed spreads EURUSD (2 pip or less) GBPUSD (3 pip or less) GBPJPY (6 pip or less) EURJPY (4 pip or less) EURGBP (3 pip or less) and USDJPY (2 pip or less).
- Regulated in either Britian, Canada, Japan, Switzerland or Australia?
- Maximum minimum deposit $10000USD.
My reason:
I have a long term daily / 4 hourly strategy.
I have a short term 5 minute strategy.
Sometimes these two trades may be in conflict of trade direction, however, the conflict may only occur after I have already launched the long term strategy (and may still be in a loss position). This in effect is hedging and therefore would not be allowed by the new NFA USA laws.
By canceling trades and re-entering only makes me pay more commission or the spread again. So much for these anti-hedging laws protecting / helping the trader. Yes, I know there are always methods that can avoid hedging, but I believe you should be able to trade when you have the opportunity
Ok going by what people have said below, it is:
www.Fxpro.com (Not regulated in Britian, Canada, Japan, Switzerland or Australia, but website says Cyprus)
http://www.axisodl.com.au/ (Australian version of ODL) (Regulated by ASIC)
http://www.odlmarkets.com/ (Regulated by FSA)
http://www.alpari.co.uk/ (Regulated by FSA)
www.fxcm.co.uk (Regulated by FSA)
http://www.forextrading.com.au/ (Australian version of FXCM coming soon with MT4) (Regulated by ASIC)
http://www.ac-markets.com/ (Fit the criteria, appear to have some very happy traders who highly recommend ACM and coming soon with MT4, ACM had legal issues with a Mexican Corp but it is said that ACM were cleared of wrong doing and the Mexican group were found to have produced fraudulent documents)
http://activtrades.com/index.aspx
http://www.migfx.com/about-us/ (now regulated by ARIF)
Thank you to those that contributed.