The Pay For Limits Program has taught me to use Limit orders much more often than I thought possible.
In aggregate this pricing change raises my costs.
As I only trade EURUSD during European Market hours with a spread so tiny materially improving it would be marginal, and I still pay much less than when I opened my account, I am not too upset with this change.
With fees this low, trade costs are not inhibiting profit.
Rather than lower costs, at this point I would like to see improvement in service. It has always seemed to me that MB tries to do too many things at once and as the saying goes, ends up being a jack of all trades and a master of none.
Development of DeskTop has undoubtably been delayed by the foray into MT4. I can't imagine what the investment must be to date but it must be huge -- what a waste on a extremely limited, long in the tooth platform. What MT4 people want for the most part is automated trading capability in a free platform. How much better would MB's market position be if they had invested all those IT resources wasted, IMHO, on Mt4 into fully developing Desktop building out the scripting language and auto trading capability?
How much does supporting MT4 -- whose users have clearly demonstrated on this forum are higher maintanence by nature -- stretch resources at MB.... lowering overall customer satisfaction?
I submitted a ticket 26 days ago to delete a demo account that is causing me problems interfering with other software... 15 days later I followed that up with a phone call to Tech Services that promised to look into it... nearly a week ago I PM'ed Justin for help resolving the issue.... and still that damn demo account hasn't been deleted.... after nearly a month! Its existence is still causing me problems.
Overall I remain happy with MB, if I weren't I would simply move my account, but sometimes they do try my patience... and its the little things.... the details.... that are often lacking. MB does a lot for me...but often in a haphazard way.
I can live with the slightly higher, but still competitive fee structure, but if I'm paying more, I demand better service.
In aggregate this pricing change raises my costs.
As I only trade EURUSD during European Market hours with a spread so tiny materially improving it would be marginal, and I still pay much less than when I opened my account, I am not too upset with this change.
With fees this low, trade costs are not inhibiting profit.
Rather than lower costs, at this point I would like to see improvement in service. It has always seemed to me that MB tries to do too many things at once and as the saying goes, ends up being a jack of all trades and a master of none.
Development of DeskTop has undoubtably been delayed by the foray into MT4. I can't imagine what the investment must be to date but it must be huge -- what a waste on a extremely limited, long in the tooth platform. What MT4 people want for the most part is automated trading capability in a free platform. How much better would MB's market position be if they had invested all those IT resources wasted, IMHO, on Mt4 into fully developing Desktop building out the scripting language and auto trading capability?
How much does supporting MT4 -- whose users have clearly demonstrated on this forum are higher maintanence by nature -- stretch resources at MB.... lowering overall customer satisfaction?
I submitted a ticket 26 days ago to delete a demo account that is causing me problems interfering with other software... 15 days later I followed that up with a phone call to Tech Services that promised to look into it... nearly a week ago I PM'ed Justin for help resolving the issue.... and still that damn demo account hasn't been deleted.... after nearly a month! Its existence is still causing me problems.
Overall I remain happy with MB, if I weren't I would simply move my account, but sometimes they do try my patience... and its the little things.... the details.... that are often lacking. MB does a lot for me...but often in a haphazard way.
I can live with the slightly higher, but still competitive fee structure, but if I'm paying more, I demand better service.