I noticed most FX accounts have a hedging feature. Meaning if I execute limit buy order and limit sell order I end up with 2 open positions. To me, that doesn't make sense. I'd like to scale in and out of a position with limit orders without hedging, just like in stocks. Are there any FX brokers/accounts that don't use hedging? Can I turn this feature off somehow?
https://www.tradingheroes.com/get-around-fifo-and-hedging-us-broker/ So any forex broker operating under U.S. regulations will not allow hedging. Such as from https://www.100forexbrokers.com/broker-search for Regulation NFA.