I am currently demoing ILQ since they also let back office hedging and non-fifo. Again as stated by many, it's transparent to the MT4 platform so works with EA's
I have seen a lot of comments about it being illegal for US residents to open accounts at non CFTC brokers. I have yet to read or see anything official that speaks to the legality of a US citizen trading Currency Market or any other investment instrument offshore.
What the Frank/Dodd behave addresses (from what I can figure out) is that the NFA and CFTC requiring brokers not provide hedging, etc. to US based traders.
The regulations are stipulated to enforced on the brokers, not the traders.
If anybody has anything different they can point to I would really like to see it to clear this up in my own mind.