MB Trading Futures - Introduction

Justin,
Does that mean that Remote Trader will be available to current MBT clients? If yes, when?

Thanks,

Max

Yes, that comes with the merger.

Thanks. I hope things go well with the transition, MBT & EFX make a good combination, best of luck to you!

Thank you very much!

Do you know when we (current MBT clients) can start using Remote Trader?

I do not yet...but I'm sure we will start to get an idea about those types of changes over the next couple days.

Why can't we open an account with EFX/MBT if we live in Quebec, Canada?

Bridge,

This is just one of the few places we have not yet been approved/met all requirements to take foreign applicants from.

Maybe now that I'm at MB I'll be able to give them a nudge.

This is big isn't it, Justin? Will this affect your position with the company? Big promotion? Nice fat raise? Maybe a reserved parking spot?

Hope to see you hang out with us for a while longer. I look forward to reading your opinions and insights into the industry.

Hi Opie999 ~

Thanks for the post and support!

I'm going to be a full-time employee now of MB Trading and will continue help with the growth and development of their firm.

I've already got the reserved spot

Justin, did you ever work the "other side of the fence", at a Dealer?

Not looking for details, just curious.

Hi Phy ~

No, my only experience in the forex industry has been EFX and you can count on me never crossing over to the "dark side". I believe in what we do way to much to ever offer anything less then what EFX and MB provide.

I have used MB for over a year and have no problems with them spreads are the BEST around ya you pay a commission but its small compared to other brokers spreads

Example: GBPJPY: most MT4 brokers charge 7-9 pips for the spread MB has tighter spreads most time 3-5 if you see a 6 wait a minute and it will most likely drop.... I have NEVER placed a trade with more than a 5 pip spread on GBPJPY and then you pay commission (usually about 1 pips worth) so it is still tighter than any MT4 broker will offer

If you don't believe me download the platform and look at the spreads they will kill your other brokers prices then just remember to add an extra pip for commissions.

I trade a lot of exotic pairs and spreads would kill me with MT4
MB keeps most exotic pairs within 3-5 at all times.
I have looked at others "claiming" ECN status but nothing is close to MB price

I did test out DBFX on thier "High Roller" spreads and it was almost exact to MB spreads so if you have the capital look at DBFX for tight spreads you have to ask for better prices and keep bugging them they have it but you have to sign a form saying you will not disclose pricing...
Avoid the crazy forms and go wth MB they truely are the best!

I have had 3 different brokers in the past and FINALLY MB Got It RIGHT!

The only downer with MB is if you have multiple stratagies you have to ask for a 2nd acct # since you cant trade one currency in different directions (Buy and Sell same pair at the same time) I have a long term and short term system so I have to right click the platform and select the other account and place the trades on it in the opposite direction. If my long term is buying the EURUSD then I see a selling signal on my short term I go to the other account# and place a sell......So in essence you have to split your trading capitol so both systems have enough money to trade the leverge size you need.

anyway hope this helps people wandering if MB is good.......

Thanks for the input. How does MB's commission scale work. You said around 1 pip? Is that 1 pip on the way in and 1 pip on the way out or is it 1 pip per round turn?

With regards to DBFX; I already trade with Deutsche on their autobahn platform so no need to go to their retail arm. I also trade with IB and I am looking at hotspotfxi too.

By the sound of it MBTrading isnt as competitive as what I get currently. But I would be interested to know more.

Justin, when you say you will never go to the dark side, meaning a dealing desk, does that mean you would never work for a bank. Like I said, I trade with Deutsche, they have told me they trade against me and they also tend to play games at times. But I doubt you get any of your liquidity from those big banks with their BIG DEALING DESKS. It shows that you have only worked for EFX. However, congrats on the merger, hope things go well for you.

https://www.mbtrading.com/fx/commissions.asp

Thanks Phil.

As I thought, they are expensive for an ECN model.

Hi Justin

Do you have an API I can hook into so that I can interface your EFX / TDFX datafeed into my own charting package ?

thanks

https://www.mbtrading.com/fx/developers.asp

thanks for the link

that might give me access to the efx data real-time .. but I'm guessing won't provide a "backfill" for the charts when my computer is offline.

Any ideas how that can be done ?

thanks

Justin

I see on the archives you posted that EFX were evaluating an interface to MT4 charting a year or 2 ago.

What was the outcome ? Was it not possible to connect MT4 to your TDFX datafeed ?