Please recommend me a non-USA hedging MT4 broker

Broker characteristics that I need:

1. MT4.
2. Allows hedging within the one currency.
3. Preferably ECN.
4. 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).
5. Regulated in either Britian, Canada, Japan, Switzerland or Australia?
6. 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.

Im with you my friend, looking for foring broker, so far I found www.Fxpro.com but not should

I'm actually thinking that ODL securities could see that this absurd law was coming and did the right thing for all their non-USA traders.

I know that ODL have associated themselves or set themselves up under other names with brokers in Japan, Canada and Australia.

Australia's relationship is http://www.axisodl.com.au/ and regulated by many countries (inc Australia's ASIC) not just one. That's my best.

or http://www.odlmarkets.com/


I can understand why the NFA has done this, but such an extreme measure to ban it, when some professional traders can use it very successfully... just doesn't make sense.

Alari.Uk:
U can fund in USD
minimun account 200 USD for micro account from 0.01 lots to max 2 lots.
for classic account min 2000 USD, from 0.1 lots to any(?).
Non ECN (but they say they will be), fixed spread EU 1.8, GU 3.0, EJ 3.8, GJ 7.0, etc.

With Broco u can have also MT4 connect to Currenex (ECN).
It's no a European Broker, Russian but with Mauritius Headquarter.
Someone says that is a reliable Broker, but i don't know.

Another MT4 European Broker is Varengold, German based, but i don't know if is reliable or not.

Lubo.

FXCM UK offers MT4 NDD accounts. The application is not live just yet on www.fxcm.co.uk but you can fill out the regular "spot forex" application and then send and email to [email protected] explaining that you want an MT4 account. And you can hedge!

FXCM UK is regulated by the FSA or you can go to FXCM Australia which is regulated by ASIC.

I hope this helps.

Jaclyn Sales
FXCM
[email protected]

So, come May 15, 2009 will U.S. residents be able to open accounts at FXCM UK and trade on their MT4?

You will be able to "hedge" if your account is opened with FXCM.co.UK

FXCM will make a formal announcement later this week clarifying the process of opening/switching your account to FXCM UK

Kindest regards,
Jaclyn Sales
FXCM
[email protected]

FXCM.co.UK (FXCM UK) is authorized and regulated with the Financial Services Authority (FSA) of the United Kingdom.

Well, I'll throw my broker in the hat, ACM. I'm from Miami but have had an account with ACM from Switzerland for a long time.

My ACM account guy there told me that they have added MT4 to their platform offerings, he said that they are ready to go live any day soon as the testing is going well. Check this out, see if this sounds like ACM is worth a look:

*NFA Compliance Rule 2-43...has no jurisdiction outside the USA...Goodbye !
*STP/NDD broker
*You will have MT4
*ACM are about to receive their Banking License (so when they do they'll be other tradeable markets)
*No Cap G tax in switzerland (Swiss banking secrecy )
*Their own platform technology, 4 of them - a Java, 2 web and a mobile ( a favorite of mine as I travel much) all from 1 account dude.
* They just won 2009 Best Broker and Best Platform awards
*You can fund in 5 or 6 currencies with PayPal (they cover my transaction fee!!)
*Fractional pips starting at 0.5
*48 currency pairs and G+S
*1 click execution
*mini accounts start at $2,000
*Always rated in the top 3 on www.forex-ratings.com


Well, good luck in your hunt, hope you find what you are looking for, or close to it anyway!

here is another broker rating.
http://www.forexpeacearmy.com/public...dedRating/desc.

Lubo.

I wouldn't touch ACM with a 10 ft pole...

Ill wait until their legal issues get sorted.

ActivTrades is another MT4 UK based broker
They have fixed and variable spreads type account.

http://activtrades.com/index.aspx.

Lubo.

P.s. I tryed a bit their variable spreads on demo, and spreads are widening as well.
Someone tells they have a great customer support.

Getting a decent list of brokers here that seem to fit most of the criteria.

I just received an email from Forex.Com stating that all their metatrader accounts will be transferred to Forex.Com UK from mid May 2009.
They state:
'This change will allow us to continue to support all MetaTrader accounts, including those customers who currently use hedging as part of their trading strategy'

Halo aquaart, I find this useful post on anathor forum. If you looking for a Swiss broker that have hedging and Metatrader 4 platform, this is the best from that country, I use it but not for hedging personally. Good hunting!

Yep, it's true. I read on another forum that you can Hedge with ACM, went to double check on the chat and i can confirm it, here is the transcript. Thank god NFA can not leave the shores of the USA!!

Chat Window

Welcome to ACM chat support. An online representative will be with you shortly. Please wait...

Hello my name is Michael, I'm here to answer your questions how can I help you?

Michael: Good afternoon, how can I help you?

you: Hi i'm Theo, want to ask about the NFA regulation on hedging

you: you heard about it?

Michael: i have heard about it, but thats NFA a US regulation authority

you: Yes, but what does that mean, does it affect me if I open with a broker outside the US?

Michael: no sir we follow diffrent regulation

you: I am with Forex.com :-(

Michael: please follow this link to see our regulating authority

Michael: http://www.ac-markets.com/forex-brok...egulation.aspx

you: Ok, i will. but I need to know that if I was to open with you, CAN I HEDGE??

you: also I hear you are going to be a bank, is this so?

Michael: yes sir we have finished the process of the application and FINMA is reviewing it

Michael: and about hedging this has always been an option with ACM

you: what about funding with swiss brokers? I hear you only allow wire transfer.

Michael: no sir we have many options from deposit. here is a link to those options.

Michael: Credit and Debit Card - Advanced currency markets - forex trading

Michael: and the wire funding information.

Michael: Wire Transfer - Advanced currency markets - forex trading

you: ok, cool! Do you use the MT4?

Michael: we will have that available for public use in late june

you: ok thanks I will get back if I need anything else

Michael: Please do not hesitate to contact us if you have any other questions.

Michael: Thanks for chatting with us. Goodbye.

Chat session has been terminated by the site operator.

Aquaart, as a very content client of ACM for a long time now, I concur with the traders telling you to look at this broker. A history of Best Broker awards as well as Best Platform awards is an indication of the quality of this broker. The fact that they will very soon add a banking license as well as the MT4 to their name tells us that they are never content to follow but prefer to lead by example. Try out their demo and see what you think, their fractional spreads in conjunction with their very good and very fast 1 click execution will offer you great trading conditions!

As an FYI aquaart, if you have the ocassion to introduce new traders to ACM, you will be pleasantly surprised at their IB rebates, the best I have seen lately, it really is an easy way to make extra money.

Regarding IB rebates, this is true. Out of the few brokers I IB for, ACM offers me the best rebates. This is a solid broker, the fact that you can still also hedge with them gives them an even greater advantage over many other competitors. I like that I will soon be able to offer the clients I introduce the added option of the Metatrader platform, in fact this news coupled with the new NFA regulation has already increased my ACM client base.

I'm not a big hedger so the NFA didn't bother me, but for those who want to find a non US broker, this is the one! I like to scalp, like trading during market news time and this ACM platform is damn good for this style of trading and the broker is best for it too as they allow you in at just double the spread.

This MT4 story is more good news as well, thanks for informing me, I was not aware.

Your client base? Do you work for ACM, because I have some specific questions about funding a new live account with them, and then on how to easily and quickly withdraw funds from the account, should I need them.

Thanks very much,
Ed

I am very interested ACM and would like to know more about them, from a personal perspective like yours. I, too, reside in the US and am looking for a broker I can easily transfer funds into and out of without a lot of time delays or hassles. Your thoughts? Thanks.