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MB Trading Futures - Introduction

  • #1,961
  • May 4, 2008 10:18am May 4, 2008 10:18am
Quoting a777
or did they go bankrupt?


Don't say that....I just deposited some more funds with them on Friday.

Their site was up and running yesterday but there seemed to be some tech issues ( when I clicked on certain links on their site I would get an error message), other sections were just fine.
  • #1,962
  • May 4, 2008 10:53am May 4, 2008 10:53am
it's surely the teck issue

On Friday we got the email notification of the New Account Agreement and Risk Disclosure.

However, this should be put into their schedule next week. It seems that MBTF pays little effort on their websites. Loot at that, no fancy stuff, just basic info. It's hard to attract new clients.
  • #1,963
  • May 4, 2008 12:59pm May 4, 2008 12:59pm
Well this is all off hours. But I can't believe that we didn't even get an email saying "oh by the way yeah we know our site is down and we are working on it"

They got the right idea and seem to care about customer in terms of intention but in terms of execution the lack of a good disaster recovery programs is starting to get on my nerves.
  • #1,964
  • May 4, 2008 1:34pm May 4, 2008 1:34pm
Their site came back up about 1/2 hour ago, for about 20 minutes, and then it appears that it has crashed again.

Oh well, whatever it is they should get it worked out soon.
  • #1,965
  • May 4, 2008 4:50pm May 4, 2008 4:50pm
Justin,

Do you know why the Sunday open is sometimes delayed? The initial bank quotes started at 5:10pm, and client orders weren't activated until about 5:45pm. Shouldn't the open, being a weekly occurrence, be relatively automated to begin at 5pm?
  • #1,966
  • May 4, 2008 8:07pm May 4, 2008 8:07pm
Quoting Trader KGB
Justin,

Do you know why the Sunday open is sometimes delayed? The initial bank quotes started at 5:10pm, and client orders weren't activated until about 5:45pm. Shouldn't the open, being a weekly occurrence, be relatively automated to begin at 5pm?
Hi Trader KGB ~

Our system is considered on-line once enough of the participating banks are connected to meet internal routing criteria.
  • #1,967
  • May 4, 2008 10:26pm May 4, 2008 10:26pm
Quoting jleblang
Hi Trader KGB ~

Our system is considered on-line once enough of the participating banks are connected to meet internal routing criteria.
Interesting, thanks.
  • #1,968
  • May 4, 2008 10:53pm May 4, 2008 10:53pm
Could someone who uses Remote Trader tell me whether you can adjust a trailing stop once you're in a position?

Many thanks in advance.
Leonardo Follower
  • #1,969
  • May 5, 2008 3:33am May 5, 2008 3:33am
http://i26.tinypic.com/1zn4ho1.gif


Justin, wanted to signup for one of your super cool demos. What gives?
  • #1,970
  • May 5, 2008 11:51am May 5, 2008 11:51am
Quoting scexglobal
Justin, wanted to signup for one of your super cool demos. What gives?
Hi scexgloabl ~

Have you tried again since you received this message?
  • #1,971
  • May 5, 2008 1:18pm May 5, 2008 1:18pm
During the time that some of you experienced server down time recently, during that time my account funds showed zero funds in it so I could not trade if I would have wanted to, and the GBP/JPY daily charts developed a spike on 1 of the bars that made it impossible to use the chart to trade from, and to this day that spike exists and still cannot use the chart even after server maintenance and knowing they had major problems ocurring, its still there.

They really do need to get there act together on some vital issues.
  • #1,972
  • May 5, 2008 5:18pm May 5, 2008 5:18pm
Quoting abikambic
During the time that some of you experienced server down time recently, during that time my account funds showed zero funds in it so I could not trade if I would have wanted to, and the GBP/JPY daily charts developed a spike on 1 of the bars that made it impossible to use the chart to trade from, and to this day that spike exists and still cannot use the chart even after server maintenance and knowing they had major problems ocurring, its still there.

They really do need to get there act together on some vital issues.
Abikambic ~

Would you care to clarify what it is you are saying - I'm seeing multiple messages here:

1. When did your account funds say zero? The platform wasn't down Sunday or Monday morning - only the website was for a short period. Did you contact our support desk?

2. Which charting package are you using and when did you see a spike develop?

3. What vital issues would you be talking about?
  • #1,973
  • May 5, 2008 8:17pm May 5, 2008 8:17pm
When is MBTrading going to drop their high commissions for the average Joe and come down to a more reasonable rate?

I can trade IB for $3.95/100K, I can trade HotSpotFXr for $3.00/100K but unless I'm trading "billions" in volume MBT charges the average person $5.00/100K.

Your employer charges too much in commissions and you know it.

Folks... You Broker/Market Maker is your business partner and should work with you to keep your business costs low not gouge you with every trade.
It's Easy To Get In;.. It's Hard To Get Out
  • #1,974
  • May 5, 2008 9:34pm May 5, 2008 9:34pm
Quoting John D
When is MBTrading going to drop their high commissions for the average Joe and come down to a more reasonable rate?

I can trade IB for $3.95/100K, I can trade HotSpotFXr for $3.00/100K but unless I'm trading "billions" in volume MBT charges the average person $5.00/100K.

Your employer charges too much in commissions and you know it.

Folks... You Broker/Market Maker is your business partner and should work with you to keep your business costs low not gouge you with every trade.
Dear John D ~

Thanks for your second post on ForexFactory. Welcome aboard!

This has pretty much been covered on these boards in the past, so my recommendation would be to read through the thread and you’ll find the answers. It’s a pretty simple answer, really. If you are satisfied with the execution and net costs of one of the other brokers that you mentioned, then there is no reason to change. However, if you feel that you get an improved execution and more liquidity and more order types through us, then the price difference is minimal and certainly worth the improvement. Obviously, the price difference is the reason that you get those extra benefits as the costs of development and of creating all of the various banking relationships that flow through the TDFX ECN is what requires the fees to be what they are.

Obviously, everyone needs to weigh what works best for them. I always find it interesting when people feel that other brokers are better than us because they charge a slightly lower commission, but still feel compelled to join the boards here simply to complain about us! If you like your broker, what we do shouldn’t matter. If instead what you are saying is that you like MB Trading and just wish that we charged less, again, I would point out several key technology differences between us and our competition, and we can certainly discuss those again if you wish.
  • #1,975
  • May 5, 2008 9:36pm May 5, 2008 9:36pm
Justin:

Is there any way to hedge forex trading on MBtrading?? Not a big deal if you can't, I will just open a secondary account to hedge with.

Thanks
  • #1,976
  • May 5, 2008 10:12pm May 5, 2008 10:12pm
Would anyone care to list or direct me to know the available pairs offered?

Thanks.
  • #1,977
  • May 6, 2008 7:34am May 6, 2008 7:34am
Quoting magnumfreak
Justin:

Is there any way to hedge forex trading on MBtrading?? Not a big deal if you can't, I will just open a secondary account to hedge with.

Thanks

That is right, you do need to have 2 accounts. You can ask them to have your 2 accounts link together.
  • #1,978
  • May 6, 2008 7:35am May 6, 2008 7:35am
Quoting maverick
Would anyone care to list or direct me to know the available pairs offered?

Thanks.
http://www.mbtrading.com/fx/spreads.asp
  • #1,979
  • May 6, 2008 8:00am May 6, 2008 8:00am
demo up and running again
If I Go Broke Trying Then I Will die happy.
  • #1,980
  • May 6, 2008 11:10am May 6, 2008 11:10am
Quoting John D
When is MBTrading going to drop their high commissions for the average Joe and come down to a more reasonable rate?

I can trade IB for $3.95/100K, I can trade HotSpotFXr for $3.00/100K but unless I'm trading "billions" in volume MBT charges the average person $5.00/100K.

Your employer charges too much in commissions and you know it.

Folks... You Broker/Market Maker is your business partner and should work with you to keep your business costs low not gouge you with every trade.
I don't understand why so many people think that MB is good.

There are so many other ECNs that offer much tighter spreads and more cheaper commission.

The "only" advantage is the leverage of 100:1 .
But be honest: a real trader don't put all his money in one trade. ;-)


BTW: this forum and site is pro-MB: many of my comments has been removed.
ForexFactory SUCKS.
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