MB Trading Futures - Introduction | Page 96 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Introduction and trading basics 27 replies

Introduction to Level 2 4 replies

VTTrader: How to Write Your Own VT Indicator Introduction. 0 replies

Interest Rates: An Introduction 0 replies

An introduction to spread betting 0 replies

Attachments: MB Trading Futures - Introduction
Exit Attachments

MB Trading Futures - Introduction

  • #1,901
  • Apr 10, 2008 9:50am Apr 10, 2008 9:50am
Quoting SoD
Well, I think I did not state it very clearly.

In my previous post, I meant why can't MBT take the commission also in EURO?

OK, let's take an example. Suppose my account is in EURO.

With a similar comparison with this http://www.mbtrading.com/fx/commissions.asp, we have those similar categories

1.EUR/JPY -> EUR based currency
2.USD/JPY -> non-EUR based currency
3.USD/CHF -> exotic, EUR is not available as cross currency (USD/EUR)
4.CHF/JPY -> well... i got headache but i hope you got the idea

The rest of the problem with commission is how to calculate it. This is where my thought comes in as I stated previously. You can make it according to pips or percentage or well, something more relevant.

for ex,
1. USD based -> Deal Size x 0.00005 == 0.5 pips == 0.5%
--> EUR based -> 0.5 pips also
OR --> EUR based -> 0.5%

My argument is that if you can make USD based, you can also make EUR or other currency based like that. Your commission will be in EUR for ex, there is no need to convert it back to USD like you said in your previous post.

USD or any other currency does not have a fix value right?

Hope I get myself through to you clearly enough
SoD ~

I understand what you are saying.....but in the end, we need to convert to USD for us. It doesn’t do us any good to charge you the $5 USD equivalent in Euros and then have the Euro drop against the USD. That’s the issue.
  • #1,902
  • Apr 10, 2008 1:25pm Apr 10, 2008 1:25pm
Hey Guys ~

This was sent to me today by one of our clients - I thought most of you would find it very interesting.

http://kreslik.com/forums/viewtopic.php?t=1093

Enjoy.
  • #1,903
  • Apr 12, 2008 3:38am Apr 12, 2008 3:38am
Quoting jleblang
Hey Guys ~

This was sent to me today by one of our clients - I thought most of you would find it very interesting.

http://kreslik.com/forums/viewtopic.php?t=1093

Enjoy.
Wow that's some nice work. Thanks for the link.
  • #1,904
  • Apr 14, 2008 11:35am Apr 14, 2008 11:35am
Hi Justin,

I notice there is a serious lag between the IntelliChart and the data comes from FXBoard. The lag is up to 5 mins or 6 mins !!!

This kind of lag has given me wrong information and a lost of 60 pips on EUR/AUD.

Would you please take a look into this matter?
  • #1,905
  • Apr 14, 2008 12:09pm Apr 14, 2008 12:09pm
Just out of curiousity, how did a lag in the charts cause you to lose 60 pips?
  • #1,906
  • Apr 14, 2008 1:07pm Apr 14, 2008 1:07pm
Quoting SoD
Hi Justin,

I notice there is a serious lag between the IntelliChart and the data comes from FXBoard. The lag is up to 5 mins or 6 mins !!!

This kind of lag has given me wrong information and a lost of 60 pips on EUR/AUD.

Would you please take a look into this matter?
SoD -

Can you provide more details.

Where are you accessing the charts - via the Navigator, Online Charts, or Desktop charts?
  • #1,907
  • Apr 14, 2008 2:12pm Apr 14, 2008 2:12pm
I used the MBT Navigator.

For the 60 pips lost, it was because of delayed information. I get in the position at the wrong time
  • #1,908
  • Apr 14, 2008 2:14pm Apr 14, 2008 2:14pm
Quoting SoD
I used the MBT Navigator.

For the 60 pips lost, it was because of delayed information. I get in the position at the wrong time
Does that mean that you traded directly from the charts?
  • #1,909
  • Apr 14, 2008 2:20pm Apr 14, 2008 2:20pm
Quoting SoD
I used the MBT Navigator.

For the 60 pips lost, it was because of delayed information. I get in the position at the wrong time
Did you not look at the quote board or execution price before you placed the trade? Please email me [email protected] for further assistance on this.

Thank you.
  • #1,910
  • Apr 14, 2008 2:49pm Apr 14, 2008 2:49pm
The lost was on my demo acc, not on my live acc by the way. Thank for your help, Justin

I just want to state an observation.
And I would like to suggest you verify it and/or maybe correct it.

Yah, I almost trade exclusively on the chart with my indicators.
Anyway, I think the 5-6 mins lag is too much, don't you think so?
  • #1,911
  • Apr 14, 2008 2:54pm Apr 14, 2008 2:54pm
Quoting SoD
The lost was on my demo acc, not on my live acc by the way. Thank for your help, Justin

I just want to state an observation.
And I would like to suggest you verify it and/or maybe correct it.

Yah, I almost trade exclusively on the chart with my indicators.
Anyway, I think the 5-6 mins lag is too much, don't you think so?
I think any lag is too much. However, I never trade from charts as most charts are third party vendors and can very easily lag. I would suggest directly trading on the platform and you shouldn't run into such a problem.
  • #1,912
  • Edited 11:30am Apr 15, 2008 11:19am | Edited 11:30am
I think I still don't understand you very clearly. I actually trade by using MBT Navigator, is it not a/the platform?

I use the chart that comes along with MBT Navigator. I guess I don't have the ability to look at the FX Board to determine the trends. So, I have to use the IntelliChart with its indicators.

Tell me then, what do you mean by trading on the platform? Don't you ever look at any chart? How do you enter into a position? I really can't think it out

Let's look at the screenshot, you will see what I mean. It is more than 6 mins lag
Attached Image (click to enlarge)
Click to Enlarge Name: Lagging.JPG Size: 111 KB
  • #1,913
  • Apr 15, 2008 7:31pm Apr 15, 2008 7:31pm
Hi,

Was EFX an IB for MB and has it now been bought by MB?

Thanks.
  • #1,914
  • Apr 16, 2008 4:49pm Apr 16, 2008 4:49pm
Quoting Limit Man
Hi,

Was EFX an IB for MB and has it now been bought by MB?

Thanks.
Hi Limit Man ~

Take a look at the following press release, it should provide you with a detailed explanation: http://efxgroup.com/merger.php.

Let me know if you need anything else.
  • #1,915
  • Apr 17, 2008 7:54am Apr 17, 2008 7:54am
Hi Justin,

I have an account with MBT. How will I benefit from this merger? Will I be able to use charts and wireless access too?

Thanx
  • #1,916
  • Apr 17, 2008 9:57am Apr 17, 2008 9:57am
Quoting Psycho
Hi Justin,

I have an account with MBT. How will I benefit from this merger? Will I be able to use charts and wireless access too?

Thanx

Psycho ~

While I can’t at this point publicly state all of the benefits of and reasons for the merger, I can tell you that MB does have charting, wireless trading, and a series of enhancements to its trading software in the works. We also feel that the EFX model for educating customers via webinars and just having support reps who have trading knowledge can be translated into all of the asset classes that MB covers. It’s going to take about three months from now before people will really be able to see all of the ways that the EFX/MB merger adds value to the customer. Keep an eye on our website and our announcements along the way.
  • #1,917
  • Apr 17, 2008 10:20am Apr 17, 2008 10:20am
Hi Justin,

You once mentioned recently that as it is in nature of any business and due to competition, there is a possibility of reduction of commissions prices which will come with the development of MBT and increase of its customer base. Is it going to happen in some near future or were these just some speculations about the future of MBT?

Thanks!

DB
  • #1,918
  • Apr 17, 2008 2:53pm Apr 17, 2008 2:53pm
How about MBTF?I find out its ANC(Adjusted Net Capital) on the CFTC website,and it's 8015568 dollars.And the others,such as FXCM,is 81150191.Which one should I choice?Anybody can help me ?
  • #1,919
  • Apr 17, 2008 3:19pm Apr 17, 2008 3:19pm
Quoting GreatWall
How about MBTF?I find out its ANC(Adjusted Net Capital) on the CFTC website,and it's 8015568 dollars.And the others,such as FXCM,is 81150191.Which one should I choice?Anybody can help me ?
Both meet the regulations set forth by the CFTC and the NFA. You need to look at which platform you like better, the cost of doing business with both companies, and the level of execution you get. The only way you are going to be able to test who has better execution is by opening an account with both companies and comparing. I would say the only way to find out which company you will like best is by trying a small live account with both firms. Doesn't really matter what we think since you are the only one that can decide who is best for you.

IMO I would have to say that MBT is a better choice. I dealt with FXCM back in the day and hated them (they claim to be better now) and I have not had a live account with MBT as of yet. However, if I was going to pick between the two companies I would choose MBT hands down.
  • #1,920
  • Apr 17, 2008 9:20pm Apr 17, 2008 9:20pm
Quoting fxtrader42
Both meet the regulations set forth by the CFTC and the NFA. You need to look at which platform you like better, the cost of doing business with both companies, and the level of execution you get. The only way you are going to be able to test who has better execution is by opening an account with both companies and comparing. I would say the only way to find out which company you will like best is by trying a small live account with both firms. Doesn't really matter what we think since you are the only one that can decide who is best for you.

IMO I would have to say that MBT is a better choice. I dealt with FXCM back in the day and hated them (they claim to be better now) and I have not had a live account with MBT as of yet. However, if I was going to pick between the two companies I would choose MBT hands down.
I’m very grateful to you for your help!
5 traders viewing now