FXCM buys FXDD FML

So I just got an email saying my FXDD account (US) will be transferred to FXCM. That means no more hedging for me...I just died a little on the inside. Any recommendations for any US brokers that still allow hedging and not enforce FIFO when closing positions?

Hi stf77,

FXCM applies FIFO rules in the traditional manner. This means FXCM's platform will show you exactly what positions are open at all times. An alternative would be to setup a second account through which you could place the offsetting orders. If you have any questions or need help, please don't hesitate to let me know. The emails you received today also contain contact information for reach our customer support team directly if you prefer to contact us by phone, live chat, or email.

Jason

sounds like FXDD was up to no good with their MM side.

but i can say from personal experience. my account with FXDD (ducascopy hook up, not their MM side) and my account with FXCM were traded side by side and the FXDD jforex platform with ducascopy hookup had less slippage and faster execution than FXCM.

i would enter equal market trades of 5mil on each account with FXCM and FXDD and FXDD always was a pip or two ahead of FXCM. in order to get the same profit, i would have to let me FXCM account got at least 2 or more pips and on my MM system, that is alot to give up every trade.

in the end i just seemed like the liquidity was better at FXDD