Actually, I think it's a pretty good option to have, if people understood how it worked. It's great for short-term trading anyway. Or, if you wished to continue, you renew it at the end of each day.
It wasnt NFA pressure. A lot of customers were confused by the intra-day method. I can imagine that plenty of forex newbies were quite upset they saw trades disappearing (from being netted). It wasnt worth the confusion from people that didnt beat the clock or misunderstood that IBFX would be closing trades they left open.
I think what they really need to do (if they want it to work), is provide people with the option to opt in if they wanted to hedge. And, if they don't opt in, they won't be allowed to do so. That way I think it would give them a chance to make everyone happy.
Oh well, maybe someone from IBFX will come along and see this? I know Abigail checks things out from time to time.
It's only worthless if you don't know what to do with it.
I was thinking more in terms of a partial hedge for shorter durations, sort of like scalping in the opposite direction. This allows you to "pad" the balance so, that once the price finally swings around, you are better prepared to deal with the initial trade. And even close out early and still be in profit.
It's more a matter of risk management, instead of this "all or nothing" nonsense you seem to suggest.
