FXCM Australia MT4 available

Just recieved this email from FXCM:

FXCM Australia now offers MetaTrader 4 with FXCM's No Dealing Desk execution.

- Accounts available AUD and USD
- $2000 account opening minimum
- Click below to open your account

ACCOUNT SETUP: http://www.forextrading.com.au/metatrader-apply.jsp

Why Trade on MetaTrader 4 with FXCM Australia?
- MetaTrader 4 is integrated with FXCM's No Dealing Desk execution
- Trade through one of the world's largest forex dealer members
- Low Spreads on MetaTrader 4
- Up to 200:1 leverage

- NO re-quotes
- NO restrictions on hedging
- NO restrictions on scalping

- FREE Trading Signals from DailyFX PLUS
- 24/7 client support

Please call me toll-free with any questions.

Do they take US customers?

Is their MT4 by Boston Tech?

No and Yes.

The NO Requotes claim by FXCM is just a sham.

When the market is moving fast you get NO Requotes but also NO FILL !!!

u need to restart mt4 a few hundred times to close an order.

Wow you guys want everything! You want to trade with a no dealing desk broker, no bucketshop conflict of interest, you don't want your broker trading against you or manipulating quotes.....but in a fast market you expect instant fills at the exact price you clicked without slippage and without requotes!

I must be missing something, did we all die and go to trader utopia or something?

good point. Fxopen does micro lots on their ECN, but require the MINIMUM trade size to be 1.00. They say their relationships with the banks are such that they dont accept anything less. NordMarkets is 0.4 minimum lot size. FXCM active sales admitted that the active trader platform bank relationship is different than the bank relationship with the mt4 platform, even with the raw spreads. You can't have everything.

They are encouraging all their US clients to open the uk acct. Although perhaps you can open one in Australia as well. There will be too much headaches with trying to re-program the mt4 to comply with recent USA regulations. In fact, it is IMPOSSIBLE to enforce the First in, first out (FIFO) rule as mt4 was not designed for FIFO. You won't be able to just click on a ticket and close that trade. It will only offset one of your trades (hopefully the one that is losing the most?) but what if you wanted your trade to stay with that stop loss? And also no hedging and the proposed 1:100 or less leverage cap. Perhaps a new build will be done for this. But it would completely change the ticket system that mt4 already has.

I think overall it would behoove you to open non-us mt4 acct. A us-based fx broker would have to come up with some HUGE selling points. and no, NFA/CFTC membership is not one of them.