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MB Trading Futures - Introduction

  • #2,501
  • Sep 11, 2008 2:04pm Sep 11, 2008 2:04pm
Quoting Pidgeon
Justin,

I know a few posts back you mentioned that MBT wasn't supporting the remote trader tool, which I believe was a web-based interface to MBT. I'm not able to use Navigator at work (I think they are blocking the traffic, although MT4 works fine) and I was wondering if any other web-based interfaces were being developed. I realize its not likely, but thought I should ask. If I can't connect to MBT during the day, I'll have to limit my trading to evenings and use daily charts. This actually might be good for me, stay out of the market a little more, but I'll have far fewer trades.

Thanks!
Pidgeon ~

Remote Trader is still a great option for you. You just have to sign an extra piece of paper to use it.
  • #2,502
  • Sep 12, 2008 12:32am Sep 12, 2008 12:32am
Quoting moneylender
Any one else having problems with the "new" forex platform.
Mine is constantly using all my resources and crashing. I have tried it
on two machines now with the same result.

Be interested top hear of others with similar experience

M
Hi moneylender,
I had the same problem. I have downloaded version 11.1.0.2 from web pages of MBTrading, not version, which is shown on web pages of EFX. After instalation of version 11.1.0.2 is everything working fine again.I hope this helps.
Faneor
  • #2,503
  • Sep 12, 2008 3:08am Sep 12, 2008 3:08am
Quoting shrike
It 'should' be that way, unfortunately MB roll rates are not competitive (despite JLB's announcement a year or so ago that they will be improved). 500 BP and more below/above Libor on swaps is just way beyond. When it comes to interest rates, for some reason most brokers just can't keep their fingers out of the cookie jar. They ain't paying interest on unencumbered customer funds either - profits for MB out of these things must be substantial. Doubtlessly JLBs denial about MB participation on roll revenue will follow tho (i personally wont believe it).
Thanks! So does that mean MBT is more suitable for short-term traders? Because I'd rather pay a few pips more spread and gain interest than pay less spread and be charged interest. Justin, are you an official MBT representative? What is your take on this?
  • #2,504
  • Sep 13, 2008 5:06am Sep 13, 2008 5:06am
Quoting faenor
Hi moneylender,
I had the same problem. I have downloaded version 11.1.0.2 from web pages of MBTrading, not version, which is shown on web pages of EFX. After instalation of version 11.1.0.2 is everything working fine again.I hope this helps.
Faneor

Thanks Faneor, but I am using the lasest version obtained from MB Trading.


Justin, as I have the same problem on two machines I am sure this is not an isolated problem, can you comment or suggest a remedy?

M
  • #2,505
  • Sep 15, 2008 3:03pm Sep 15, 2008 3:03pm
Quoting moneylender
Thanks Faneor, but I am using the lasest version obtained from MB Trading.


Justin, as I have the same problem on two machines I am sure this is not an isolated problem, can you comment or suggest a remedy?

M
Moneylender~

Not sure I understand what the problem is? Have you downloaded the latest release here; http://mbtrading.com/download.asp
  • #2,506
  • Sep 16, 2008 4:09am Sep 16, 2008 4:09am
Quoting jleblang
Moneylender~

Not sure I understand what the problem is? Have you downloaded the latest release here; http://mbtrading.com/download.asp

Hi Justin

My prob is that I continuously run MB trading as per download from your site.
After its been running for 15 to 20 mins it uses all my PC's resources and freezes up the machine. I have tried it on 2 pc's and I spoke to a friend who also runs mb and she is getting the same problems.

i appreciate its difficult for a long range diagnosis but perhaps you could talk to you tech dept, I am sure we are not alone with this problem!

M
  • #2,507
  • Sep 16, 2008 9:06am Sep 16, 2008 9:06am
Justin,

Whats up with spreads on GBPUSD lately? They were 10 pips quite often and there were no news events. Did MB lose some liquidity providers during this shakeout on Wall St?

Also, how is MB positioned to get through this crisis in the financial markets? Should customers have any fear about the safety of their funds?

Thank you.
  • #2,508
  • Sep 16, 2008 9:48am Sep 16, 2008 9:48am
Spreads are wider than usual becuase of the recent events. Think of it as a constant news announcement. Oanda is widening spreads too, btw. As to safety of MBT, I would say we are pretty safe at this point. They don't take/hold positions as it's not their business model. They provide service where they match buyers and sellers for FX and access to exchanges for other instruments. The only way they could get in serious trouble is if every one of their clients stops trading for a while and they would have no commission coming in. Just my thoughts, Justin will correct me.


Quoting FrankTheTank
Justin,

Whats up with spreads on GBPUSD lately? They were 10 pips quite often and there were no news events. Did MB lose some liquidity providers during this shakeout on Wall St?

Also, how is MB positioned to get through this crisis in the financial markets? Should customers have any fear about the safety of their funds?

Thank you.
  • #2,509
  • Sep 16, 2008 11:47am Sep 16, 2008 11:47am
Quoting pipsalot
Thanks! So does that mean MBT is more suitable for short-term traders? Because I'd rather pay a few pips more spread and gain interest than pay less spread and be charged interest. Justin, are you an official MBT representative? What is your take on this?
Heres the honest truth. MB has great execution, should be ideal for active traders. They showed us the way too years ago with their platform. But the reality is they are no longer top dog. Why? Here's list:

A) Midnight downtime. The fact that they still go down for 5 minutes at midnight EST is retarded. Sure, better than 20 minutes a couple of years back, but there is no reason for this and it shows a complete lack of understanding of forex traders and their business. I bet they;re stock and futures traders don't have a 5 minute hole in the key middle of their trading day.

B) Platform. Nav is OK, but so much more is available out there. They need great charts in their platform, peroid. Every broker has it. The fact that they plug into charting packages doesn't matter since we have to pay for all of those.

C) Web platform. No sign of this with MB, so people need to install software if they move from machine to machine during the day. I can't trade with them at work unless I use the Remote Trader, which was looking very promising. Evidently, MB is dropping it, makes no sense.

D) Costs. I know I save some in better execution trading with them, but the $5 rate is growing outdated fast as other platforms are much cheaper. But then again, I have to be honest, I've scaled down my trading with MB mostly because of the midnight thing and the lack of web-based options that are fully developed.

E) Customer service. I haven't had any issues here, but I know people who have. It seems their support staff are not close to equal and it depends who you get.

From an execution perspect, MB should rule especially for active traders. I doni't worry much about swaps because I trade a lot quick. But the real problem with MB is that they show that they don't understand traders with the rest of these problems. There aren't a ton of better options yet, but they seem to be coming and I wonder if MB will be able to get ahead again.

wannatradefx
  • #2,510
  • Sep 16, 2008 12:17pm Sep 16, 2008 12:17pm
Quoting fiberangel
Spreads are wider than usual becuase of the recent events. Think of it as a constant news announcement. Oanda is widening spreads too, btw. As to safety of MBT, I would say we are pretty safe at this point. They don't take/hold positions as it's not their business model. They provide service where they match buyers and sellers for FX and access to exchanges for other instruments. The only way they could get in serious trouble is if every one of their clients stops trading for a while and they would have no commission coming in. Just my thoughts, Justin will correct me.
Thanks fiberangel. After doing more research, it appears currenx spreads are crazy now also.

However, I disagree with your statement on the safety of our funds. I beleive Justin wrote something awhile back about how MB or their parent company (do they have one?) is involved in many different businesses, etc. and that they only post the bare min. capital requirements to please the NFA. My question is what are these other businesses that MB is involved in and how are they holding up right now?
  • #2,511
  • Sep 16, 2008 1:05pm Sep 16, 2008 1:05pm
Quoting moneylender
Hi Justin

My prob is that I continuously run MB trading as per download from your site.
After its been running for 15 to 20 mins it uses all my PC's resources and freezes up the machine. I have tried it on 2 pc's and I spoke to a friend who also runs mb and she is getting the same problems.

i appreciate its difficult for a long range diagnosis but perhaps you could talk to you tech dept, I am sure we are not alone with this problem!

M
Hey Guys,

Its a busy week so far and I will reply to everyone shortly, I promise.

Money -

When your system freezes with the Navigator open, does this happen as your adding and removing items from the FXBoard or other windows? Or does it happen no matter what, even when its just running idle?

Are you running other programs at the same time?

I'm just trying to get as much info as I can before reporting to ops.
  • #2,512
  • Sep 16, 2008 4:31pm Sep 16, 2008 4:31pm
guys i don't know if somebody could answer this..well as for the spread MB has nothing to do with it right, i mean they don't benefit from the spread the only benifit is from the commission we pay..now how do they manage to live on that while they are lending you 9900$ for each single lot in a 1:100 leverage to to procces your order to the market aint that right, otherwiese if your order don't get realy excuted in the real world then they are not different than any other bucket shop out there which i believe its not the case. now they charge like 0.5$ per mini lot so again how could they manage to live on that is there any other fees that they profit from? or am i missing something.
(sorry for my english)
  • #2,513
  • Sep 16, 2008 5:09pm Sep 16, 2008 5:09pm
Quoting fiberangel
Spreads are wider than usual becuase of the recent events. Think of it as a constant news announcement. Oanda is widening spreads too, btw. As to safety of MBT, I would say we are pretty safe at this point. They don't take/hold positions as it's not their business model. They provide service where they match buyers and sellers for FX and access to exchanges for other instruments. The only way they could get in serious trouble is if every one of their clients stops trading for a while and they would have no commission coming in. Just my thoughts, Justin will correct me.
Spreads on GJ and EJ are also nuts. Justin, can you address this please?

Thanks,
TULKAS
  • #2,514
  • Sep 16, 2008 5:23pm Sep 16, 2008 5:23pm
Quoting FrankTheTank
Thanks fiberangel. After doing more research, it appears currenx spreads are crazy now also.

However, I disagree with your statement on the safety of our funds. I beleive Justin wrote something awhile back about how MB or their parent company (do they have one?) is involved in many different businesses, etc. and that they only post the bare min. capital requirements to please the NFA. My question is what are these other businesses that MB is involved in and how are they holding up right now?
FranktheTank ~

Our other “businesses” are stocks, options, and futures. We are regulated on that end by FINRA and the SEC, and we clear through Penson Financial. You can find all of our regulatory filings, including capital requirements on that side of the business, on those websites. Those businesses are going great, thanks.
  • #2,515
  • Sep 16, 2008 5:23pm Sep 16, 2008 5:23pm
Quoting cementman
guys i don't know if somebody could answer this..well as for the spread MB has nothing to do with it right, i mean they don't benefit from the spread the only benifit is from the commission we pay..now how do they manage to live on that while they are lending you 9900$ for each single lot in a 1:100 leverage to to procces your order to the market aint that right, otherwiese if your order don't get realy excuted in the real world then they are not different than any other bucket shop out there which i believe its not the case. now they charge like 0.5$ per mini lot so again how could they manage to live on that is there any other fees that they profit from? or am i missing something.
(sorry for my english)
Cementman ~

Not sure exactly what you are getting at. Intraday margin does not cost you or us, only if you hold over, in which case our bank charges you a swap rate. It doesn’t cost us anything to allow you to trade at 100:1 intraday. We live off the $5 per $100,000, as you said.
  • #2,516
  • Sep 16, 2008 6:09pm Sep 16, 2008 6:09pm
Quoting Tulkas
Spreads on GJ and EJ are also nuts. Justin, can you address this please?
This isn't just MBT, it's market-wide. 3 different ECNs I use are all showing the same (very wide) spreads the past few days, mainly due to the Lehman & AIG uncertainties, FOMC, massive deleveraging, etc.
  • #2,517
  • Sep 16, 2008 6:29pm Sep 16, 2008 6:29pm
jleblang..thanks for your reply, well what i'm getting at is that for each buyer there is a seller and if i'm buying 10000 $ from some one and all i have is 100 then for sure there is a third party lending me the rest of the money i need to give to the seller right..now if that part is the bank as you said and it charge the swap , now how about those ppl who claim that you can trade an interest free or swap free account for an extra commission charged, now is that possible.
  • #2,518
  • Sep 16, 2008 10:02pm Sep 16, 2008 10:02pm
Hi Jleblang, I'm trying to open an account with MBT as I've been experimenting with your demo for a while now and it seems you're the guys to go to as far as ECNs are concerned.

My problem is that I'm canadian in the Quebec province and there is only the Ontario province that I can choose from in your signup menu. I've asked your support and they suggested getting a summer house in Ontario (who would want THAT! ). My parents do however own a house in Florida...

Anyway I'm wondering if there's a way for me to circuvent that problem and especially since I plan on opening a larger corporate account later on. I really had my mind setup about doing business with you. Do the laws really prohibit you from doing business with people in the province of Quebec?
  • #2,519
  • Sep 16, 2008 11:03pm Sep 16, 2008 11:03pm
Justin, is there any way to pull up all trades taken over the previous 12 months. I keep running into a 30 day maximun records held.
Polishing my crystal ball
  • #2,520
  • Sep 17, 2008 3:44am Sep 17, 2008 3:44am
Quoting jleblang
Hey Guys,

Its a busy week so far and I will reply to everyone shortly, I promise.

Money -

When your system freezes with the Navigator open, does this happen as your adding and removing items from the FXBoard or other windows? Or does it happen no matter what, even when its just running idle?

Are you running other programs at the same time?

I'm just trying to get as much info as I can before reporting to ops.

Hi Justin.

I used to be running other progs. I have now started to run it on my "spare" pc with nothing else running and it will freeze up after about 15 mins. As i said its doing this on 3 seperate machines, I cannot believe I am the only one experiencing this problem!

appreciate your help J

M
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