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MB Trading Futures - Introduction

  • #2,001
  • May 10, 2008 10:02am May 10, 2008 10:02am
1. http://www.mbtrading.com/fx/NavigatorQuickGuide.pdf

http://www.mbtrading.com/fx/i/suppotm.pdf

http://www.mbtrading.com/fx/i/OPRGrid.pdf

http://www.mbtrading.com/fx/tutorial.asp

http://www.mbtrading.com/fx/orderTypes.asp

http://www.mbtrading.com/fx/Webinars.asp (Part I and Part II of these video tutorials are first class!)


2. Yes, I think you're right on this - "What is the minimum lot size? 1000 units meaning 0.1 of a standard mini-lot?"


3. I don't use it.
  • #2,002
  • May 11, 2008 1:24am May 11, 2008 1:24am
so do the spread is fixed 1/10 for all pair or is there any condition that make the spread gain....state the condition:
  • #2,003
  • May 11, 2008 1:34am May 11, 2008 1:34am
the minimum is 0,1$/pip
  • #2,004
  • May 11, 2008 1:43am May 11, 2008 1:43am
the maximum?
  • #2,005
  • May 11, 2008 3:36am May 11, 2008 3:36am
so whats the leveraGE?
  • #2,006
  • May 11, 2008 9:47am May 11, 2008 9:47am
Quoting B@by trader
so whats the leveraGE?


I don't think there is any maximum for the spreads they just change with the market and the volatibility.

The leverage is 100:1.
  • #2,007
  • May 11, 2008 8:26pm May 11, 2008 8:26pm
Quoting phil90
I don't think there is any maximum for the spreads they just change with the market and the volatibility.

The leverage is 100:1.
That is correct....thanks phil90.
  • #2,008
  • May 11, 2008 8:35pm May 11, 2008 8:35pm
Quoting B@by trader
the maximum?
Maximum ..... don't ask.

ask the average spread you will get most of the time Instead .
  • #2,009
  • May 11, 2008 9:55pm May 11, 2008 9:55pm
some reccomendations for mbt/efx,

  1. Pls offer some backfills for tick data. Not all ur clients trades using fxtrek. It would be splendid if you could offer a solution for traders using ninjatrader and quotetracker or others. Proly a software we could use to download historical tick or automatically align the data backfills to the charting engines, whichever way posiible.

    Its annoying to know that you can receive mbt data on ur charts but one with no historical fills, might as well scrap it from your 3rd party vendor list then.
  2. Consider revising the comms plan for fx.
  3. Look into the possibilities of offering an integrated trading account, where traders could trade spot fx, futures and stocks.

I can personally see that MBT is on the path becoming a real competition with IB in terms of online trading and product width. But i believe you guys are still short handed when it comes to providing services. Just my humble opinion which of course may be redundant.

regards,
jest

  • #2,010
  • May 12, 2008 5:03am May 12, 2008 5:03am
Quoting jest1081
some reccomendations for mbt/efx,
[*]Consider revising the comms plan for fx.
comms = commision? I didn't read the whole thread, is too big, but isn't only the spread paid? Looking at the spreads of the demo platform they look good imo.

Quoting jest1081
[*]Look into the possibilities of offering an integrated trading account, where traders could trade spot fx, futures and stocks.
This would be neat, I thought they already offer this! I'm sure that I saw inside the demo "Watchlist" view stocks and indices.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #2,011
  • May 12, 2008 7:36am May 12, 2008 7:36am
Quoting soso
comms = commision? I didn't read the whole thread, is too big, but isn't only the spread paid? Looking at the spreads of the demo platform they look good imo.


This would be neat, I thought they already offer this! I'm sure that I saw inside the demo "Watchlist" view stocks and indices.
No you pay the commission to Mbtrading not the spread. Since they are an ECN they will not be making money from the spread but from the commission.

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

You also need to have another account to trade other things than forex. It was told before that it was a matter of clearing procedures. It seem like they can connect forex accounts together maybe they can connect a forex account and another account which is used to trade stocks for example. I am not sure it can be done thought.
  • #2,012
  • May 12, 2008 8:21am May 12, 2008 8:21am
Quoting phil90
No you pay the commission to Mbtrading not the spread. Since they are an ECN they will not be making money from the spread but from the commission.

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

You also need to have another account to trade other things than forex. It was told before that it was a matter of clearing procedures. It seem like they can connect forex accounts together maybe they can connect a forex account and another account which is used to trade stocks for example. I am not sure it can be done thought.
from my understading all ecn brokers keep the spread, who do you think the spread goes to, don't be fool into thinking ecn broker only make money from the commission, if justin is honest he will tell you guys that mb trading also make money from the spread.
If I Go Broke Trying Then I Will die happy.
  • #2,013
  • May 12, 2008 8:37am May 12, 2008 8:37am
Quoting phil90
No you pay the commission to Mbtrading not the spread. Since they are an ECN they will not be making money from the spread but from the commission.

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

You also need to have another account to trade other things than forex. It was told before that it was a matter of clearing procedures. It seem like they can connect forex accounts together maybe they can connect a forex account and another account which is used to trade stocks for example. I am not sure it can be done thought.
phil,

dont know what you have been told. I have finally found someone that I know of that knows someone that works for MB Trading. He has told me that it is not a matter of clearing it is just a matter of time and technology. I mean think about it IB already does the cross margining for stocks, futures and forex. I was told that MB might have the same thing within 6 months. I have no idea how true that it is but I do think the clearing line is BS.
  • #2,014
  • May 12, 2008 8:38am May 12, 2008 8:38am
Quoting phil90
No you pay the commission to Mbtrading not the spread. Since they are an ECN they will not be making money from the spread but from the commission.

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

You also need to have another account to trade other things than forex. It was told before that it was a matter of clearing procedures. It seem like they can connect forex accounts together maybe they can connect a forex account and another account which is used to trade stocks for example. I am not sure it can be done thought.
phil,

dont know what you have been told. I have finally found someone that I know of that knows someone that works for MB Trading. (god that sounds brutal...) He has told me that it is not a matter of clearing it is just a matter of time and technology. I mean think about it IB already does the cross margining for stocks, futures and forex. I was told that MB might have the same thing within 6 months. I have no idea how true that it is but I do think the clearing line is BS. Anyways, I am still waiting for a while to try MB, right now they are too expensive but I imagine that will change in 6 to 12 months. If it doesnt they will never get my business and a lot of other traders that I know.
  • #2,015
  • May 12, 2008 8:57am May 12, 2008 8:57am
Quoting Moe
from my understading all ecn brokers keep the spread, who do you think the spread goes to, don't be fool into thinking ecn broker only make money from the commission, if justin is honest he will tell you guys that mb trading also make money from the spread.
Thank you Moe. I did not know think of that. I just assumed that since there was commission they would not get any profit from spread.
  • #2,016
  • May 12, 2008 8:59am May 12, 2008 8:59am
Quoting fxtrader42
phil,

dont know what you have been told. I have finally found someone that I know of that knows someone that works for MB Trading. He has told me that it is not a matter of clearing it is just a matter of time and technology. I mean think about it IB already does the cross margining for stocks, futures and forex. I was told that MB might have the same thing within 6 months. I have no idea how true that it is but I do think the clearing line is BS.

Thank for mentioning this. Unfortunately, I don't know more from Mbtrading than what they have on their website and what has been told on this forum so I always state this information. I don't have inside information that the person you talked to might have.


I have seen this information in this thread. I have written the information from post 1898 which was written by Justin from Mbtrading.

"jest1081 ~

The GlobalOne Account is for Stocks, Futures & Options - we currently can not support Forex in the same account for clearing reasons. You'll still use the Navigator and have one login, but the user will need to toggle between accounts."
  • #2,017
  • May 12, 2008 9:02am May 12, 2008 9:02am
Do I understand correctly? You have to pay the spread AND commision?
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #2,018
  • May 12, 2008 9:06am May 12, 2008 9:06am
Quoting soso
Do I understand correctly? You have to pay the spread AND commision?

Yes that is correct
  • #2,019
  • May 12, 2008 9:21am May 12, 2008 9:21am
Quoting phil90
Yes that is correct
Reason number 297 why its good to be a broker


Inserted Video
  • #2,020
  • May 12, 2008 9:32am May 12, 2008 9:32am
Quoting Moe
from my understading all ecn brokers keep the spread, who do you think the spread goes to, don't be fool into thinking ecn broker only make money from the commission, if justin is honest he will tell you guys that mb trading also make money from the spread.
No, this is absolutely false and goes completely against what an ECN is. It shows a startling lack of understanding of how this works. If you place an order through our system, it is routed to any of the liquidity providers that show liquidity through the TDFX ECN. Once that order is sent out, they are executing your trade. How can we be taking the spread in that case? Also, if you place a limit order to buy at a price lower than the offer, your limit will immediately be reflected out to the market and will execute against anyone that sells at your price. You can sit there and watch it on the Market Depth screen. Again, if we are showing your order to others and letting them hit you, how did we take the spread? This is the whole point of ECN trading. We do not have a desk. We do not have an account for trading for ourselves. We do not trade against you in any manner. Your execution is a true market execution against a bunch of banks, pools of liquidity, and other customers, and we take a fee for putting you together with them and clearing your trade to that pool.
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