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MB Trading Futures - Introduction

  • #2,701
  • Nov 30, 2008 8:33am Nov 30, 2008 8:33am
Quoting htbreaker
Other ECN brokers can.

That's the difference and that's why the spread on EUR/USD is just 0,3 - 1 pip while on MBT are 2-3 pips.
Thanks for the info. It was my impression that ECNs did not support MT4. ATC says they do. Was my impression incorrect?
  • #2,702
  • Nov 30, 2008 8:21pm Nov 30, 2008 8:21pm
MB Trading vs. ATC Brokers (with MT4) and vs. Dukascopy.

For example USD/JPY:

http://img219.imageshack.us/img219/5302/mbtsucksru5.png



You will see it all day long. MBT screw their clients.

A picture tells 1000 words.
ForexFactory SUCKS.
  • #2,703
  • Nov 30, 2008 10:53pm Nov 30, 2008 10:53pm
Just sitting here watching price between Oanda and MBT..... Oanda a nice stable 1.8 pips....... MBT constantly jumping between 1 AND 4 PIPS, like right... I'm gonna pay a commision on top of that?? I DON'T THINK SO.... bite me.
Same Whore .... Different Dress
  • #2,704
  • Dec 1, 2008 9:06am Dec 1, 2008 9:06am
Then don't. For someone with almost 2000 posts I would think you know you can put your limit order in between the spread.

Quoting johnedoe
Just sitting here watching price between Oanda and MBT..... Oanda a nice stable 1.8 pips....... MBT constantly jumping between 1 AND 4 PIPS, like right... I'm gonna pay a commision on top of that?? I DON'T THINK SO.... bite me.
  • #2,705
  • Dec 1, 2008 9:59am Dec 1, 2008 9:59am
Quoting fiberangel
Then don't. For someone with almost 2000 posts I would think you know you can put your limit order in between the spread.
Even better..... I just don't trade with MBT......
Same Whore .... Different Dress
  • #2,706
  • Dec 1, 2008 10:21am Dec 1, 2008 10:21am
After two years with MB Trading, I closed my account. The spread on the GBP is insane, and their trading platform absolutely sucks. The MT4 trading platform is vastly superior to the MBT piece of garbage. I suffered with their inferior platform because of netter spreads. But, now that they're screwing with them, and changing things due to the economic climate, there's absolutely no reason to stay with a piss poor trading platform any longer.
Quoting johnedoe
Even better..... I just don't trade with MBT......
  • #2,707
  • Dec 1, 2008 10:26am Dec 1, 2008 10:26am
What a master of spin this Jbelang is. he says customers are giving MB positive feedback on their changes, which have increased the spread and increased the margin requirements. Jbelang, just who do you think you're kidding? You could sell snake oil, or better yet, work for the Democrat party with your line of bilge.
  • #2,708
  • Dec 1, 2008 10:30am Dec 1, 2008 10:30am
Quoting htbreaker
MB Trading vs. ATC Brokers (with MT4) and vs. Dukascopy.

For example USD/JPYYou will see it all day long. MBT screw their clients.

A picture tells 1000 words.
HTBreaker-

I'm curious, can you snap a screenshot for me with ATC and Dukascopy showing the size at their bids and offers? Half a pip spread doesn't mean much if they only show one mini...or even worse, as was the case when I traded with DuFAscopy, if they don't show size at all and move away from your orders.

-Indy
  • #2,709
  • Dec 1, 2008 10:30am Dec 1, 2008 10:30am
My guess is that people are leaving MB Trading in droves, and Jbelang may be looking for work selling used cars soon.
  • #2,710
  • Dec 1, 2008 10:49am Dec 1, 2008 10:49am
They are relying on past awards.....
http://img143.imageshack.us/img143/3...apture1xk9.png
Same Whore .... Different Dress
  • #2,711
  • Dec 1, 2008 10:55am Dec 1, 2008 10:55am
To be fair, I don't think a single screen shot with MBT having worse spreads than 2 others ECN's is worth anything. At that point in time it may have been the case, but the only way we can be sure this is the norm is to observe for long periods of time.
  • #2,712
  • Dec 1, 2008 10:56am Dec 1, 2008 10:56am
Quoting paradoxical
What a master of spin this Jbelang is. he says customers are giving MB positive feedback on their changes, which have increased the spread and increased the margin requirements. Jbelang, just who do you think you're kidding? You could sell snake oil, or better yet, work for the Democrat party with your line of bilge.
Paradoxical ~

“The MT4 trading platform is vastly superior to the MBT piece of garbage.”

Platform preference is a personal issue, but finding a Meta broker doesn’t change the spreads or execution methods of the firm.

“But now that they’re screwing with them…”

As everyone who has been on these boards knows, we don’t “screw with” our spreads. We aren’t a desk. We pipe liquidity providers to a common source and let customers execute against them. Given the credit crunch, many of these banks are not showing the liquidity that they were three months ago because of concerns of news hitting at any moment. In some cases, I’m sure some of the smaller banks that were part of various pipelines no longer even exist. However, the worst of the spreads was about a month ago, and we’re slowly seeing more liquidity come back, which is tightening the spreads again. Unless something else happens globally, I think things will get back near normal in the next couple of weeks. Having said that, the main misrepresentation that I want to address is that we are contributing to the spread size in any way. If we were, we wouldn’t be an ECN. No true ECN has “control of their spreads” beyond their ability to continue to add banks and liquidity.

“…and changing things due to the economic climate.”

It’s amusing to me that people complained for years about net capital and firm liquidity and protection of client assets, but when we take a step to tighten our maintenance (initial margin is unaffected) in these volatile times, someone would suggest that we’re somehow messing with them. We still offer better margin implementation than most firms, and we’ve taken steps to make sure that the firm, and thus customer funds, are even more protected. Hard to see how this is a negative, as EclipseFX figured out in post 2695 after asking about it.

“He says customers are giving MB positive feedback on their changes, which have increased the spread and increased the margin requirements.”

Last time. Our “changes” have not had any impact on the spreads, and you can still use limit orders to bypass the spreads however you wish, something most brokers don’t allow. I’ve already commented on the margin thing.

No comment on the Democratic party angle in your post.
  • #2,713
  • Dec 1, 2008 10:58am Dec 1, 2008 10:58am
Quoting 24HourTrader
To be fair, I don't think a single screen shot with MBT having worse spreads than 2 others ECN's is worth anything. At that point in time it may have been the case, but the only way we can be sure this is the norm is to observe for long periods of time.
Good point. Also, to be fair, DuFAscopy ain't no ECN.
  • #2,714
  • Dec 1, 2008 11:03am Dec 1, 2008 11:03am
Attached is the screenshot taken at 12:00 EST. Spreads are ok along with the size bid and offered.
Attached Image
  • #2,715
  • Dec 1, 2008 11:04am Dec 1, 2008 11:04am
Quoting johnedoe
They are relying on past awards.....
http://img143.imageshack.us/img143/3...apture1xk9.png
It's not on the current site, but Barron's ranked MB Trading "3rd overall" in 2007 & "Best for Frequent Traders" in 2008.
  • #2,716
  • Dec 1, 2008 11:05am Dec 1, 2008 11:05am
Just capture MBT vs Oanda.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter.gif Size: 13 KB
  • #2,717
  • Dec 1, 2008 11:12am Dec 1, 2008 11:12am
Jbelang, I can put in a limit order with any MT4 broker, so I don't what you're talking about. I get charts, and many, many other cool things with MT4 brokers. It's not just a preference. I've been trading forex for at least 5 years, and your platform and order entry system completely sucks, and you know it.
  • #2,718
  • Dec 1, 2008 11:29am Dec 1, 2008 11:29am
Quoting torroray
Just capture MBT vs Oanda.
Torroray-

So you're saying the two platforms are 13 pips apart? LOL. Just kidding, I assume you took the shots separately a few minutes apart.

More important to me...can you post the size available on the bid/ask of both platforms so we can compare?
  • #2,719
  • Dec 1, 2008 11:37am Dec 1, 2008 11:37am
Quoting paradoxical
Jbelang, I can put in a limit order with any MT4 broker, so I don't what you're talking about. I get charts, and many, many other cool things with MT4 brokers. It's not just a preference. I've been trading forex for at least 5 years, and your platform and order entry system completely sucks, and you know it.
Paradoxical ~

You’ve been trading forex for 5 years and you think a limit order on Metatrader 4 is the same as ours? Seriously? Let me clarify.

Metatrader 4 is a platform. A limit order on that platform is the price you are waiting to buy at if the market moves back toward your direction. However, Metatrader 4 is not an EXECUTION center. You can trade with Metatrader 4 through various brokers. The question is, how are your Limit orders handled by that broker? Do you understand that part?

So if the GBPUSD is 1.5050 by 1.5053 and you have a limit order to buy at 1.5047, if the price moves down, is your Limit order reflected in the market? In other words, if the price drops to 1.5047 by 1.5050, is your size included in the bid? And then, if the banks drop down, does the quote become 1.5047 by 1.5049? If not, then what good is a limit order? You now have to wait for the OFFER to get to your price because you are trading on a deal desk. You’ve wasted the spread, whereas you could have already been filled through us by any other sell order that came through the system. There’s no need to pay the spread.

But let me get this straight. You’ve been trading for five years. You’ve had an account with us. But you don’t understand that a Limit order on a “Metatrader” platform has nothing to do with how the order is handled for execution purposes?
  • #2,720
  • Dec 1, 2008 11:59am Dec 1, 2008 11:59am
Quote by paradoxical on Nov 27, 2007 9:48pm:

http://www.forexfactory.com/showpost...7&postcount=76

"Being only inthe forex arena for several months, when someone that has the respect and admiration of others (tkimble) that have been in forex far longer than I, I would be a fool not to pay attention. I think it was J.Paul Getty that once said he got rich by hiring guys that were much smarter than he was. So, I'm applying that philosophy to forex. I plan on getting rich by paying attention to to people that are much smarter than I."

5 years ha? Why don't you take your own advise and pay attention to people much smarter that you are.
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