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LOL I've hedged too at times, but....... I'm not a US citizen and I don't use a US broker.

I don't know where you got your information from but your statement is incorrect. I can open opposite positions in both MT4 and MT5. Hedging was banned in 2009 by CFTC along with the FIFO (first in first out) but these restrictions only apply to US traders and they are only applied by...

It will be business as usual because ASIC cannot control overseas registered companies.

First I would use Globalprime, and then Pepperstone and ICMarkets (in this order) but please note that only Globalprime is a true A book broker and will provide trade receipts. (you can get to your individual trade receipts when you login to the client portal) One thing to note is that ASIC...

Since the brokerage account belongs to the LLC, the LLC will be responsible for the filing and any taxes. It is good practice not to mix personal funds and company funds. If you are a company director, you can withdraw your director fees from the LLC bank account but don't mix trading profits...

The trading accounts will have to be in the LLC's name, its not advisable to deposit funds from your personal account because there are anti laundering rules which the brokers have to comply with and they might refuse to deposit those funds to your LLC's account. Perhaps the only exemption...

Ok but if we are making money we can afford to pay someone to do the coding for us and to make our lives easier. I believe that if something is hard to do manually, we cannot do it for an extended period of time. Eventually we will give up. As an example, I paid to make an assisting EA for...

Well, it could have been due to something simple like not having enabled live trading. I've been using EA's for many years without any problem and I know many other people who are also using EAs. My trading life would have been so much harder without EAs. For example now I made a dashboard...

Yes EA's will work differently in live accounts because the live market conditions are different plus in the old days when you tried to use EAs, the brokers were more actively involved in cheating their clients so their MT4 server and other tricks interfered with EA trade execution. Probably...

Back testing is basically the process of checking our strategy against historical data. MT4 is great for this but it relies on broker having good historical data and good data is basically non existent in MT4 and MT5. However, don't let this discourage you, just be aware of the problem and make...

I'm a bit skeptical about brokers who offer such low rates. How do they make money to be sustainable businesses? I think finding a broker which can be trusted with our money is more important than the $2 commisions

Surely you wouldn't need to do all that if the trading was done by your company which is based in Belize

Yes they could slip us too but they won't stop there. If we trade large volume the LP will notice us and if we win often they can refuse to fill our order or they will partially fill it. My broker has told me that they use several LP's for this reason. I don't know the exact process of a...

Actually there is better, you will pay $5.50 if you contact ICMarket support and tell them you were introduced by the HFT group. You will have to give them the HFT Group IB number which is 6322 There are also other brokers to choose from and if you join following the below link you will get a...

In Australia an employee would not commit fraud and risk losing his job or face imprisonment so I expect a trade receipt to be genuine. But if someone is concerned, it wouldn't be hard to check the authenticity by contacting the LP. Anyway, most people don't need to know who takes the other...

I would use Globalprime, and then Pepperstone and ICMarkets (in this order) but please note that only Globalprime is a true A book broker and will provide trade receipts. I'm guessing you don't have large pool of funds and this is the reason for wanting high leverage? Max leverage of these...

Our imagination helps us stay safe. I hope you understand that when an entity is not regulated it can abuse it's position and put our funds at risk and this happens all the time with unregulated or loosely regulated brokers but that's fine you have your beliefs and I have mine. I also have...

How did you determine it to be this low? Who are you going to contact when their website goes down one day, all your money is gone and there is none there to contact? I guess if we only have play money then it doesn't matter which broker we chose. But if we have considerable funds, we would...

Its not always about the lowest cost, we also have to consider fund safety and the ones I mentioned are the cheapest of the safer brokers. I wouldn't touch coinexx ,because one day someone will hack them and my money will go walk abouts.......... I would stay clear of any broker who is...

Concesso and Diego23 I would use Globalprime, and then Pepperstone and ICMarkets (in this order) but please note that only Globalprime is a true A book broker and will provide trade receipts. If you open an account using the link found on the HFT website you will get a discount on commissions...