hedging or netting account, which should I choose?

@josiah_edem - 3 months ago - Forex Education

I was opening a new trading account with FxPro and they asked me to choose between a hedging or netting account type. I had to pause the account opening process to find out how the netting/hedging account types differ & what benefits they offer. Please your response will be appreciated.

@amosglad01 - 3 months ago

I prefer the Netting Account when using MT4 because netting enables me close all my trades at once which is a feature lacking on MT4.

With a Netting Account, if I open 3 trades, they will be summed up into one trade so i can close the 3 of them at the click of a button. MT4 does not allow closing all trades at once, so a netting account helps manage all trades at once.

@njunga_22 - 3 months ago

I used the hedging account type as a beginner because when I opened several trades they were displayed separately. This made it easy for me to understand what was going on. Any trade that was underperforming, I could easily single it out and close it. With netting accounts this is not the case as all the trades would have been summed into one big beautiful trade