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Originally Posted by rsmereka  Bottom of the page it says that they are a member of NFA and registered with CFTC. Just my way of saying red alert.
Rick
Friends don't let friends use NFA brokers. |
No need for an alert. They managed to work around the NFA regulations without going offshore, in the same manner that FXDD did. They simply do the NFA accounting backstage without interfering with the MT4's trading. Basically all of MT4's transactions are applied to a position based accounting system, which is in compliance with the NFA reg's.
Hedging is no different than a partial close. You add up all the individual transactions and it equals one position. FIFO is handled the same way. They simply close the oldest existing transactions first, without interfering with MT4's accounting at all. You might think you have several different orders open at once, but you cant realistically hedge with the same equity, they simply cancel each other out.