I’m not complaining about Oanda, I’m just sharing my experiences with Oanda. At the time, if I remember correctly, hedging was allowed in the USA, but that’s not what’s important. Moreover, at that time, I opened two sub-accounts and was doing all the hedging, really flat 2 spread and I continued to do so
The NFA banned hedging with the motivation that a trader should not pay twice the spread, which is untrue, I use hedging and have the alternative Close BY, I choose the exact order by which I made the hedging and pay only one spread. I would have preferred that the NFA not allow a spread of 30-50 pips, only in predetermined conditions that you can anticipate and thus be able to act accordingly.
Moreover, hedging can be obtained with 2 brokers without any problems, practically the measure taken by them forces you to pay 2 spreads and there is no way to avoid
Everywhere I ask to share the experiences with a broker, not the complaints against him