The options are a lot and it is quite difficult to understand the implication of all. it is matter of getting used to different tools and solution. I will make some test on the paper trading account and if cost are similar I will go for the simpler solution
I've made a little test in sym: I've converted all my funds in USD, open a stock position grater than my funds (+-10%) and tried to see difference when hedging with the Future or Virtual FX So far I noticed: Costs: - Future: buying 1 contract of M6E @MKT cost 0.33 EUR - VFX: Commission on Virtual FX 12k (odd lot) @MKT 2.5 EUR Account balances: - Future: OF you have less Available Funds, and higher Marign - Virtual FX : you have more funds but you have a negative USD total cash (I guess on that you have to pay margin loan ???)