MB Trading Futures - Introduction

Justin's been honest about how their banks get some of the commissions too.

[email protected] tried to PM you back, but your inbox is full.

You can email me direct at [email protected] or clear out your ForexFactory box.

Here is part of what you were looking for:

MB Trading, a registered member of FINRA & SIPC, is an affiliated introducing firm for MB Trading Futures, Inc. (MBTF). MBTF is a registered FCM with the CFTC and is a member of the NFA. MBTF provides retail off-exchange foreign currency execution services through MB Trading. NFA Member Number: 0315389

For more information about MB Trading you can visit the www.finra.org, www.cftc.gov, www.nfa.futures.org.

Justin,

I think you should change the minimum spread to 0 pip instead of 1/10 pip.
in your website because, the minimum is the minimum which is 0 as we can see
all the time throughout the day !

Good looking window right there.

yea but there is no chart there,

I still remember your promise to give the end of charting,
the best of the best, not just some plugin which can be included in just a couple month, the total build up from scratch in your email.....

that I haven't seen.

Syafi,

I agree with you. The lack of charting is just horrible and it's one of the single biggest reasons I haven't pulled the trigger with MBtrading. I visit this thread often hoping one day we will get that news.

Question for you Justin, anyway to have a demo navigator account for more than 30 days. Customer support says that is impossible. Is this true?

Thanks,
Jackie

Remote Trader has charting albeit limited.

The past month the demo has been really really... well... shithouse for execution so it's driven me to open a live account earlier than expected. I can also add to all the previous comments in the thread that the demo is not a reflection of the live platform. Executing market orders at 0.1 lots (1000 - min) lighting fast too (no difference between 1000 and 10,000 (0.1 or 1 full lot) - untested on limit orders as I never use them to open a position and infrequently use them to exit.

Very happy to see the demo woes are behind me now.

Also, anyone who is going to open an account with just the minimum amount, make sure you send at least $450USD. US Banks are notorious for debiting fees when you're funds are en route and I was docked $25USD (I originally sent $410 in anticipation I'd be debited $5-10USD which from experience in sending funds to the US is what you usually get debited). Don't send anything less than $450USD.

Another thing specific to Australian users:

It only takes a day (less than!) to get funds into your trading account. I bank with ANZ and their SWIFT cut-off time is 4pm Melbourne time and they invariably batch all the funds up and send them off around 6-7pm Melbourne time. This means that by the time MBT staff get to their desks in Phoenix / Los Angeles at 9am their time (which is midnight and 1am Melbourne time respectively), your funds are sitting in their Wells Fargo account and they'll credit the trading account that day. So you wake up the next morning (5-6 hours after they receive the funds) et voila, ready for trading.

Demo Server = Supposed to be used by prospect client !

The use of Demo Server to test features and frequent problem with it might as well make people think MBTrading thought of all their prospect client as their unpaid beta tester .

Justin, I am sure you will get more client trading with you once you have a reliable beta server.

I like MBTrading, one of the best.

Syafi ~

Thanks for the comments! However, we really have a couple of choices with a demo environment. We can create an internal testing environment, implement updates there, and then move them to the demo environment for further testing, and then move them to the live environment. Or we can put updates on the demo environment when we believe that they are ready for testing, skipping the internal step. By doing the latter, we move significant updates to our Navigator platform and routing engines to market much faster. Our priority is our live customers and creating the best trading experience possible for them. As tayser said in the two posts prior to yours, it is a simple matter for most of opening a very small live account and trading with micro lots to see how fast and accurate our executions are. No matter what we do, Demo cannot be 100% accurate to the real world because obviously the step that is missing in a Demo environment is getting an execution, and that’s a big piece of knowing where to say a customer was filled.

Again, we put out enhancements to our systems several times a month for testing. If we waited until they were tested by a few of our staff internally on a staging environment before we moved them up to the demo environment, this would significantly slow down our progress for our live users. Thus, we explain regularly that the demo environment is not always perfect.

By the way, given our ECN/real-world execution system, it would be almost impossible to create a true demo that gave you every fill exactly where you would get it in a live environment. However, deal desks can create easy demos by just saying that you would be filled on the bid and ask. It’s only after you open an account and start trading and have some success that suddenly you start getting requoted and slipped. Demo trading is designed to give you a flavor of the platform and let you see and use our quotes and order types.

@Jackie : MBT does not lack charting platforms, they are compatible with many class platforms like quotetracker, ninjatrader and esignal are all available when accessing datafeeds. What these guys are not givng is HISTORICAL FOREX DATA, why is it so difficult to give 3-5 days worth of tic data? I don't use fxtrek intellicharts and since i have already paid my sum to use ninjatrader/quotracker and mbt is indirectly affiliated they should atleast provide client some service? Remote trader is no where near industry standards.

Is the leverage fixed at 100:1 or can it be adjusted?

Still We cant trade from within the chart without paying 1000$ to NinjaTrader for example

of course you have to pay. hehehe. You can settle for quotetracker if you wanna pay lesser. it cheap and i must say quite a solid platform too.

@maverick : I believe its fixed.

Is the spread paid twice?

Its actually free pips... they pay you spread not like other broker (only sometimes)

What happens when this does not happen?

I love the forex factory and I greatly appreciate everyone's helpful responses.

Thanks,
Jackie

Thanks for the answer, jest1081. I just can't seem to find where one could change the leverage on the software.

Maybe I failed to look harder.

You can't, it's fixed 1:100.