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MB Trading Futures - Introduction

  • #1,521
  • Dec 28, 2007 9:59am Dec 28, 2007 9:59am
Quoting BostonForex
I agree with you, MT4 = Retail and Currenex = Institutional/7-figure+ accounts...

MB Trading is an excellent firm, just that platform isnt the best IMO, I personally do small business with them and haven't had a problem yet.
I know what you mean. It took a little while to get the hang of Navigator but, now that I'm familiar with it, I love it. Once they put the charts in, it will be fantastic. For me, the flexibility in orders is worth any small aggravation.

I've been looking for a way to get EFX's prices on MT4 so I can use the charts but have the correct prices. I'm more than willing to place orders through EFX Navigator, but I'd love to see the charts in MT4 with EFX prices. I'm not a programmer, so I haven't found anything that's "plug & play".
  • #1,522
  • Dec 28, 2007 10:11am Dec 28, 2007 10:11am
Quoting Max Thrax
Justin the EFX guy,

First off, I have a 4 year degree and an IQ of 132....but your software makes me feel really, really stupid.

The tutorials provided show a different software altogether than the one I downloaded called 'EFX Navigator'. Did I download the wrong one? Do I have to meditate on a mountain in Nepal to understand? Or is it something that will become clear to me when I die and melt into the great energy pool again?

I demoed for a year w/ FXCM, but scare stories made me reconsider them just as I put the money together for a real account. Heard lots of good things about you guys and MB Justin, but my experience w/ your software has me reconsidering going w/ either of you. What gives?

confusedly yours,
Max
Max Thrax ~

Welcome to the boards. EFX is in the process of rolling out the opening Phase of our Remote Trader software. We have a decent percentage of our customers trading on it already and are working with MB to get the rest of our users bulk entitled to use the software. However, with the Holidays, a lot of key people are out, so we’re probably in limbo through the end of next week. The tutorials that you see are for our Remote Trader software.

Our clients will also be able to continue to use the EFX Navigator, which is our software installation-based (as opposed to web-based) software provided by MB Trading that we have been using for years. You can continue to use that software now and in the future, or you can log into Remote Trader at any time once all accounts are entitled.

EFX Navigator Tutorials: www.efxgroup.com/events.php
  • #1,523
  • Dec 29, 2007 4:17am Dec 29, 2007 4:17am
Quoting jleblang
chuck5803

Compliance would say you must reside or be a resident of a country not on our restricted list to open an account with EFX Group or MBTF. PO Box is not considered an acceptable address for opening an account - sorry.

I will check with compliance though on the status of Quebec being removed from the restricted list......to be continued
Hello Justin,

I was reading through the thread and came upon this answer you gave sometime ago.

Is it still valid? I ask because I wanted to open an account with MBT but was told in the live chat - as I was a canadian citizen- that I couldn't - even though I reside in Italy - which is not on the restricted country list.

So - can i open an account with my status of being a canadian citizen resident in italy - or not?

Thank you in advance.
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #1,524
  • Dec 29, 2007 7:48am Dec 29, 2007 7:48am
Hi everybody,

I have just spent the last 3-4 days reading through this entire thread.

I'd just like to say thanks to Justin and all the contributors to this thread, made for interesting reading.

Just a question, when will stage 3 for Remote trader be introduced?

Im very keen on automated trading on this platform.

Thanks.

Nizar.
  • #1,525
  • Dec 30, 2007 3:10pm Dec 30, 2007 3:10pm
Quoting jleblang
Max Thrax ~

Our clients will also be able to continue to use the EFX Navigator, which is our software installation-based (as opposed to web-based) software provided by MB Trading that we have been using for years. You can continue to use that software now and in the future, or you can log into Remote Trader at any time once all accounts are entitled.

EFX Navigator Tutorials: www.efxgroup.com/events.php
Hi justin

I have been waiting for this Remote trader for months now. I don't have a live account with EFX. I just can use the EFX navigator as demo. When exactly the Remote Trader will be launched officially for demo? Can you give an exact date as we are days from 2008 now

Thanx
  • #1,526
  • Dec 31, 2007 1:16pm Dec 31, 2007 1:16pm
Quoting FxFAn1978
Hi justin

I have been waiting for this Remote trader for months now. I don't have a live account with EFX. I just can use the EFX navigator as demo. When exactly the Remote Trader will be launched officially for demo? Can you give an exact date as we are days from 2008 now

Thanx
If you read post # 1522, above, you'll see why he can't give an exact date.
  • #1,527
  • Jan 4, 2008 10:15am Jan 4, 2008 10:15am
Please add clarity to my "understanding" of what the 'new' EFX/MBT software will encompass:

I thought (among other things) that the new software would include a charting package of some sort. Is this true, or am I incorrect?

If this is incorrect, is there another upgrade that will be coming that does include charting?

I don't remember where I heard about the charting package .... I just need to know what the new version of software can do/will do.

Thanks
  • #1,528
  • Jan 4, 2008 10:25am Jan 4, 2008 10:25am
Quoting Paul Weber
Please add clarity to my "understanding" of what the 'new' EFX/MBT software will encompass:

I thought (among other things) that the new software would include a charting package of some sort. Is this true, or am I incorrect?

If this is incorrect, is there another upgrade that will be coming that does include charting?

I don't remember where I heard about the charting package .... I just need to know what the new version of software can do/will do.

Thanks
The new platform -- Remote Trader -- will include integrated charting. Additional features will be added a bit at a time after its initial release.

BTW, I believe that Remote Trader is for EFX clients only. MB clients won't have it. Justin can correct me if I'm wrong here.
  • #1,529
  • Edited 12:46pm Jan 4, 2008 12:46pm | Edited 12:46pm
[quote=In2Blues;1785074]
BTW, I believe that Remote Trader is for EFX clients only. MB clients won't have it. Justin can correct me if I'm wrong here.[/quote}

That's right. It's actually a very innovative and comeptitive thing for an IB to do. Most of them spend a few pennies on advertising, and hope to ride their cut of the comish providing no real value to the customer or the broker once the referral is done, in my estimation. Remote Trader as an IB specifc offereing is really a smart idea.... IF WE EVER SEE IT! You know I couldn't let you off that easily Justin. Heh.
  • #1,530
  • Jan 4, 2008 12:51pm Jan 4, 2008 12:51pm
Improved interestrate spreads: real soon now, really! (6 months ago)
New platform: any second now, promise! (supposedly october 07)
EUR accounts: just around the corner, honestly! (since like half a year)

  • #1,531
  • Jan 4, 2008 2:37pm Jan 4, 2008 2:37pm
Quoting Pip Hunter E
That's right. It's actually a very innovative and comeptitive thing for an IB to do. Most of them spend a few pennies on advertising, and hope to ride their cut of the comish providing no real value to the customer or the broker once the referral is done, in my estimation. Remote Trader as an IB specifc offereing is really a smart idea
You're right on all counts. That's what makes EFX one of the best -- if not THE best -- brokers around.
  • #1,532
  • Jan 4, 2008 2:55pm Jan 4, 2008 2:55pm
Quoting shrike
Improved interestrate spreads: real soon now, really! (6 months ago)
New platform: any second now, promise! (supposedly october 07)
EUR accounts: just around the corner, honestly! (since like half a year)

Rome wasn't built in a day....so just kick back and chill....the market will still be there..
Same Whore .... Different Dress
  • #1,533
  • Jan 4, 2008 7:13pm Jan 4, 2008 7:13pm
Quoting johnedoe
Rome wasn't built in a day....so just kick back and chill....the market will still be there..
I don't need Rome, but I do need backtesting ;-)
  • #1,534
  • Jan 5, 2008 5:30am Jan 5, 2008 5:30am
Still no answer from Justin I guess he's still on holiday.....
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #1,535
  • Jan 6, 2008 12:04am Jan 6, 2008 12:04am
Hi everyone,

For those that trade live or have a demo with EFX, what are the typical spreads for USD/JPY and GBP/USD?

Thanks.
  • #1,536
  • Jan 6, 2008 3:29am Jan 6, 2008 3:29am
Quoting Nizar
Hi everyone,

For those that trade live or have a demo with EFX, what are the typical spreads for USD/JPY and GBP/USD?

Thanks.
Why don't u download the demo and see for yourself......
  • #1,537
  • Jan 6, 2008 3:33am Jan 6, 2008 3:33am
Quoting In2Blues
You're right on all counts. That's what makes EFX one of the best -- if not THE best -- brokers around.
I would not say they're the best, commissions are much to high. I can trade the EUR/USD cheaper on a MM then with EFX.......
  • #1,538
  • Jan 6, 2008 5:58am Jan 6, 2008 5:58am
Definitely, not the best. You cannot hedge, it doesn't have a dedicated, reliable chart (I had to subscribe to IntelliChart), no metatrader (the de factor fx chart leader). No Auto-trading. No web based trading. No PDA software. I'm glad some of these will be addressed this year. It also wouldn't hurt if they incorporate FX Ticker which I also subscribe as third party.

For the commission, I think if you compute it, it is about the size of one pip spread, which is still better than most brokers who charge at least 2 pips.

Support is very good.

The word "best" is probably reserved to their spread.

Attached GJ spread is below. Now, this is very rarely seen in EFX -- it does happen though, but much rarer to see in other brokers (probably never to some).
Attached Image
"People sometimes mistake luck with skill"
  • #1,539
  • Jan 6, 2008 3:13pm Jan 6, 2008 3:13pm
it's an ECN though...that does count for something...at least IMHO...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #1,540
  • Jan 6, 2008 5:17pm Jan 6, 2008 5:17pm
Who is the best then?
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