DislikedI just talked with a representative at FXDD. They have not changed anything since this anit-hedging stuff started. But they say that eventually all US brokers will have to become "registered" and comply with whatever regs that entails...Ignored
I had a RefcoFx account and when Refco went bankrupt, my account was confiscated by the Bankruptcy court and paid out to Refco creditors. I lost my whole account! Gone!
If you are US citizen, there is no reason to trade off shore with a non-registered market maker. This is part of risk management: Know with whom you are doing business, and make sure your funds are safe with them.
Not for nothing, but FXDD is definately on my "Red Flag" list.