[jleblang]

Hello Everyone,

This is Justin LeBlang from EFX Group (MB Trading). As many of you might have noticed we have recently become a preferred broker with Forex Factory.

I am not here to promote EFX Group (MB Trading), but rather invite anyone who has questions to ask them. We look forward to hearing from you soon.

Sincerely,

[merlin]

welcome justin!! we are glad to have you as a sponsor this is great that you are here to answer questions!

im going to move this to the brokerforum (eventually), i think that is the best place for it. we havent had any sponsors actually come here to talk to their "people" so we dont have a standard for this

glad to have you on board and i hope to see you around the forum!

[ProdiG]

can you answer the following questions:
1. Whats the margin?
2. I see comission is $5 per 100,000. does that mean base currency or $100,000 such as MB Trading?
3. In case my internet fails is there a broker desk i can call to close trades?
4. Do you have a fidelity bond?

Thanks

[jleblang]

Originally Posted by ProdiG

can you answer the following questions:
1. Whats the margin?
2. I see comission is $5 per 100,000. does that mean base currency or $100,000 such as MB Trading?
3. In case my internet fails is there a broker desk i can call to close trades?
4. Do you have a fidelity bond?

Thanks

Hi ProdiG ~

1. Our margin policy is 100:1 with a minimum deposit of $400.

2. EFX Group charges a commission of $5.00 per 100,000 currency traded for all USD based pairs. If your trading non USD based pairs the commissions will vary a bit.

If you are trading mini's it would be $0.50 per 10,000 currency traded for all USD based pairs, if your trading non USD based pairs the commission will vary.

Example:

100,000 USD/JPY - $5.00 commission
10,000 USD/JPY - $0.50 commission

100,000 EUR/USD - $5.00 * 1.2810 (rate) = $6.40
10,000 EUR/USD - $0.50 * 1.2810 (rate) = $0.64

100,000 AUD/USD - $5.00 * .7740 (rate) = $3.87
10,000 AUD/USD - $0.50 * .7740 (rate) = $0.39

3. Yes. We have a 24 hour trade desk that will place trades on your behalf if your internet fails; you’re away from your computer or any other reasons.

4. Yes, we do offer a Fidelity 14 Bond. If you'll follow the link at the end of this statement you'll see all answers to "safety of funds". http://efxgroup.com/deposits.html<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o></o>

I hope the above answers help; if you need anything else please do not hesitate to ask. <o></o>

<o></o>

Sincerely, <o></o>

[baddison]

Originally Posted by jleblang

{not sure if this is going to go through or be allowed...}

Hello Everyone,

This is Justin LeBlang from EFX Group. As many of you might have noticed we have recently become a preferred broker with Forex Factory.

I am not here to promote EFX Group, but rather invite anyone who has questions to ask them. We look forward to hearing from you soon.

Sincerely,

Hey, Justin. Great to see you here!!

Bernadette

[smjones]

How about order types. Do you offer OCO and if done type orders?

Also, do you allow buy and a sell on the same currency, or does one order close the other?

Thanks

Originally Posted by jleblang

{not sure if this is going to go through or be allowed...}

Hello Everyone,

This is Justin LeBlang from EFX Group. As many of you might have noticed we have recently become a preferred broker with Forex Factory.

I am not here to promote EFX Group, but rather invite anyone who has questions to ask them. We look forward to hearing from you soon.

Sincerely,

[jleblang]

Originally Posted by baddison

Hey, Justin. Great to see you here!!

Bernadette

Hi Bernadette.....haven't heard from you in a long time. I hope you are doing well!

[baddison]

Where can I find out more about any "advanced order types" that your platform accepts? More specifically, I am wondering if you accept SCO (stop on close only) orders. Too many times during the formation of a candlestick, the fluctuaton will cause the market to bounce down/up taking out stops, only to go in the correct intended direction after all. With SCO orders, you will only get stopped out if the candle actually CLOSES at or beyond your stop, but not during the fluctuations of the day.

Is this possible with your platform??

Bernadette

[jleblang]

Originally Posted by smjones

How about order types. Do you offer OCO and if done type orders?

Also, do you allow buy and a sell on the same currency, or does one order close the other?

Thanks

Hi Smjones ~

We do have "OCO" orders, but on our platform we call it "TTO". TTO stands for Threshold Trigger Order. The trader will specify two prices, an upper and lower price trigger. Once the market trades at either price, a market order is sent to the marketplace. This order type was designed to help limit potential losses and lock-in potential profits.

More information on our order types can be found here. http://efxgroup.com/efxgrouporderentry.pdf

We do not allow hedging in the same account. As a solution though, many of our clients choose to open and fund two accounts. We then link the accounts together so that they only have to log in one time to trade both accounts.

Hope this helps.

Sincerely,

[smjones]

thanks for the info

[4rex]

Hello Justin,

1. Can you point out any difference between your outfit and MB that would convince me to switch my live account from MB to EFX? I am presently using MB's demo but have an approved live account that I have yet to fund.

2. What are your plans to include charts with your platform?

3. If I place an market or limit order and I want to place a stop loss and also a 50% take profit order of my original entry, what would be the best way to do it without having to take three steps to do it. I don't believe I can do it with TTO because it doesn't allow partial profit taking.

Thank you for your interest in helping our members

[jleblang]

Originally Posted by baddison

Where can I find out more about any "advanced order types" that your platform accepts? More specifically, I am wondering if you accept SCO (stop on close only) orders. Too many times during the formation of a candlestick, the fluctuaton will cause the market to bounce down/up taking out stops, only to go in the correct intended direction after all. With SCO orders, you will only get stopped out if the candle actually CLOSES at or beyond your stop, but not during the fluctuations of the day.

Is this possible with your platform??

Bernadette

Have you viewed this section of our website yet? I feel this will help you.

http://efxgroup.com/efxgrouporderentry.pdf

Also I am hosting two webinars, one tonight which will be covering our platform basics. Then Thursday night Nov 9th, which will cover more of the advanced orders and Level ll trading on our ECN.

For more info on the webinars please visit the "Events" section on our website.

Hope to see you there.

[AlexFX]

1. Are you able to place trailing stops?

1. are you able to specify multiple limits on one order? ie. Say you place a Buy order for 10 lots and you want to scale out of the order at increments of 10 pips as the order matures.

All the best.

Alex

[bAASHARM]

Does EFX allow fractional lots, e.g. would it be possible to open 1.43 mini lots?
Does your platform allow autotrading functionality and/or allow to code trading scripts?
What are the swap rates and are they paid/charged on forward base?

[jleblang]

Originally Posted by 4rex

Hello Justin,

1. Can you point out any difference between your outfit and MB that would convince me to switch my live account from MB to EFX? I am presently using MB's demo but have an approved live account that I have yet to fund.

2. What are your plans to include charts with your platform?

3. If I place an market or limit order and I want to place a stop loss and also a 50% take profit order of my original entry, what would be the best way to do it without having to take three steps to do it. I don't believe I can do it with TTO because it doesn't allow partial profit taking.

Thank you for your interest in helping our members

Hi 4rex ~

1. EFX is the arm of MB that specializes in Forex. MB Trading offers all asset classes (stocks, options, futures, Forex) and thus offers software solutions that suit traders for all markets. Many of the owners of MB also own EFX, but EFX is set up to train people that are largely Forex-only traders.

• MB and EFX both use the same execution technology and pricing.

• Both have the same Help Desk for off-hours support.

• Both EFX and MB have the Navigator software as a front-end option.

• Only EFX has the Forex Pro software as a front-end option.

• EFX’s daytime help desk and on-line tutorials are designed to help you learn how to use our platforms. We’ll spend as much time as possible walking you through how to trade on the system.

• Any upgrades to the overall execution platform that MB implements will also apply to EFX.

• EFX may add software upgrades, new front-end, or even advanced Forex-only order routing via our front ends that MB may never offer.

That’s pretty much the way to look at it.

2. We do plan to release a free and very sophisticated charting package, possibly even by the end of the year, but most likely sometime into early 2007. We also have been in talks with www.fxtrek.com and should have something done soon.

3. This can still be accomplished with a TTO, but you would need to add the TTO after the order has already filled. For more on how to do this, I suggest visiting our website and going to the 'Events' section to view archived training sessions or signing up for an upcoming webinar.

Thank you,