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MB Trading Futures - Introduction

  • #461
  • Mar 5, 2007 10:48am Mar 5, 2007 10:48am
Quoting Moe
Justin if i have 2 forex account and im login to one of them can i switch to the other account within the platform or do i need to log out first to switch to the other account? this will be the navigator platform.
Hi Moe,

If you have multiple accounts we can link the accounts together, therefore you will only have to log in one time. You'll still be required to open two accounts and then notify us requesting the link.

Regards,
  • #462
  • Mar 6, 2007 11:31am Mar 6, 2007 11:31am
Quoting monarch
I just wanted to give kudo's to EFX.

I have been trading with several different brokers for the past year, but have since started with EFX.

Stan introduced EFX to me about 3 months ago, but I have been very reluctant to a quick change. I finally made the change - and I am in heaven.

I have had no problem with fills or price/entry slippage, and the spread is killer.

You do pay some commission, so you have to be a money manager to make sure you at least break even if your a short trader/scalper.

Thank you Justin for being very patient with my many emails to you.

If Justin is a reflection of what this Company stands for, it is going to be a pleasure doing business.

Thanks EFX, Justin, and Stan!

Ken
the spread is killer. < what do you mean
  • #463
  • Mar 7, 2007 9:21am Mar 7, 2007 9:21am
New to the EFX Navigator or have questions?

Then you won't want to miss this complimentary one hour webinar hosted by Justin LeBlang from EFX!

Start Time: 8pm EST

This complimentary webinar will introduce you to the use of;

Order Entry - Basic market entry and stops.

Preferences - Default settings and one click execution.

Customization - Personalized layouts for your trading needs.

What are people saying about the last webinar?

"These webinars always provide such wonderful information, thank you so much for taking the time."

Helen - UK

SIGN UP HERE!

https://www.gotomeeting.com/register/453119948

We hope to see many of you there.
  • #464
  • Mar 7, 2007 1:39pm Mar 7, 2007 1:39pm
Justin:

Will you ever consider offering accounts with EUR as base currency? I mean it really fks me off when i get shafted on foreign wire transfer by the banks. When i pay something into an USD account they will exchange it at something retarded like 1.2600 (with eur/usd at 1.31). That means for a deposit and a withdraw from EFX (a roundturn so to speak) you loose like 10 cents on the dollar!
  • #465
  • Mar 7, 2007 2:42pm Mar 7, 2007 2:42pm
Quoting shrike
Justin:

Will you ever consider offering accounts with EUR as base currency? I mean it really fks me off when i get shafted on foreign wire transfer by the banks. When i pay something into an USD account they will exchange it at something retarded like 1.2600 (with eur/usd at 1.31). That means for a deposit and a withdraw from EFX (a roundturn so to speak) you loose like 10 cents on the dollar!
Hi Shrike,

As much as I would like to offer accounts in EUR, amongst other currencies, this is just something we are not planning on doing at this time. This does not mean we won't ever, we just have to clear our plate of our other projects first.

I do appreciate your patience in this matter.
  • #466
  • Mar 7, 2007 4:15pm Mar 7, 2007 4:15pm
Quoting hanz
the spread is killer. < what do you mean
Probably the wrong word to use, but it means awesome, especially if you had a broker in the past that charged 4 pips to trade Cable.

EFX is usually 1 pip, but I have entered in at 0.

I have made money with EFX from the spread differences, and the no hassle entry/exit.

No turning back for me, a traders dream.

Ken
  • #467
  • Mar 8, 2007 8:18pm Mar 8, 2007 8:18pm
Hi Monarch,

Can shed some light on how you make money with the spread differences ?
cheers.

Quoting monarch
Probably the wrong word to use, but it means awesome, especially if you had a broker in the past that charged 4 pips to trade Cable.

EFX is usually 1 pip, but I have entered in at 0.

I have made money with EFX from the spread differences, and the no hassle entry/exit.

No turning back for me, a traders dream.

Ken
Forex is my business
  • #468
  • Mar 9, 2007 12:42am Mar 9, 2007 12:42am
Hi Justin , I opened a real account with EFX , and i am disappointed because live platform looks like I am trading in a demo ,in a bad way, and also you make the same thing that do other brokers during important release ,like yesterday about 07.00 am est , the trading connection was red and impossible to trade .
So' you interfere like others booket shop brokers. really I don't undertsand , you used big words regarding your trading rules and also interruption continued yesterday .
  • #469
  • Mar 9, 2007 1:09am Mar 9, 2007 1:09am
if you have a problem restart navagator only takes a couple of seconds that should fix the problem
  • #470
  • Mar 9, 2007 1:14am Mar 9, 2007 1:14am
Quoting 59fender
if you have a problem restart navagator only takes a couple of seconds that should fix the problem
I know , but do you do this during the news ?
and also is normal that you have continuosly close and reopen the platform ?
and i forgot to mention the execution speed ........takes a loooong time to open and please don't tell me regarding my internet connection ,because i have hight speed dsl 24/24 and the other platform goes perfectly and for example i ca say the ibfx is more fast for execution respect EFx platform.
  • #471
  • Mar 9, 2007 1:36am Mar 9, 2007 1:36am
Quoting gioviforex
I know , but do you do this during the news ?
and also is normal that you have continuosly close and reopen the platform ?
and i forgot to mention the execution speed ........takes a loooong time to open and please don't tell me regarding my internet connection ,because i have hight speed dsl 24/24 and the other platform goes perfectly and for example i ca say the ibfx is more fast for execution respect EFx platform.
i have very few problems they have the best executions i've seen go to preferances there is a speed price adjustment i'm not sure how well that works but worth a try they also have a nav. beta version i believe. that may fix your problem
  • #472
  • Mar 9, 2007 3:28am Mar 9, 2007 3:28am
hi,
When will efx or mbt allow funds to be transfered both ways using either paypal or credit card. The current arrangement is too slow and unprofessional. Since we live in a digital age, then surely something as trivial as funding an account can be done electronically.
thanks,
Trader
  • #473
  • Mar 9, 2007 4:08am Mar 9, 2007 4:08am
Quoting 59fender
i have very few problems they have the best executions i've seen go to preferances there is a speed price adjustment i'm not sure how well that works but worth a try they also have a nav. beta version i believe. that may fix your problem
yes i know of this setting MBTX prices vs Speed , but there is any instructions how to set up this one.
where i can find this nav. beta ?
thanks
  • #474
  • Mar 9, 2007 6:05am Mar 9, 2007 6:05am
Quoting traderandreas
hi,
When will efx or mbt allow funds to be transfered both ways using either paypal or credit card. The current arrangement is too slow and unprofessional. Since we live in a digital age, then surely something as trivial as funding an account can be done electronically.
thanks,
Trader
totally agree. the reason i've not opened an account yet is because of this.

just waiting..
  • #475
  • Mar 9, 2007 9:00am Mar 9, 2007 9:00am
Did anybody else noticed this.... bids were higher than ask just after the NFP report came out, at one stage the difference was 10 pips
  • #476
  • Mar 12, 2007 2:48pm Mar 12, 2007 2:48pm
Quoting richy
totally agree. the reason i've not opened an account yet is because of this.

just waiting..
Let me save everyone a step. At this point, we will not be offering Paypal as an option for account funding in the near future. While many platforms will openly take funds from any source (and many of the platforms are offshore anyway and don't really follow guidelines), we have a strict Know Your Client rule per NFA guidelines. From a compliance perspective, there is no way for us to prove that funds coming into an account via Paypal are actually coming from the customer. In other words, we can see in a bank wire or check written to us that the funds are yours. With Paypal, we cannot. This opens the door to fraudulent activity and violations of the post-9/11 enhanced money laundering rules that we are obligated to follow. We therefore have made the decision (which most brokers should make and probably will ultimately be forced to make if they operate in the US) that Paypal is not an option for funding accounts. Technologically, it would be a piece of cake to implement. But for many other reasons, it will not happen at this time.
  • #477
  • Mar 12, 2007 3:56pm Mar 12, 2007 3:56pm
Quoting gioviforex
i forgot to mention the execution speed ........takes a loooong time to open and please don't tell me regarding my internet connection
I had this problem as well. I do not day trade or take fast moving positions so it doesn't really apply to me or my method but the execution was terrible. The "tight spreads" are pointless if you can't enter on them.
  • #478
  • Mar 12, 2007 4:03pm Mar 12, 2007 4:03pm
Quoting hidethereal
I had this problem as well. I do not day trade or take fast moving positions so it doesn't really apply to me or my method but the execution was terrible. The "tight spreads" are pointless if you can't enter on them.
Hello ~

Please provide examples of your "terrible execution" experience as this is the only way we can improve our system.

We receive great reviews about our execution, and from my own personal trading each day, I rarely ever have problems, so I am of course shocked to hear this.

Did you contact us to discuss the matter?

Regards,
  • #479
  • Mar 12, 2007 4:09pm Mar 12, 2007 4:09pm
Quoting jleblang
Hello ~

Please provide examples of your "terrible execution" experience as this is the only way we can improve our system.

We receive great reviews about our execution, and from my own personal trading each day, I rarely ever have problems, so I am of course shocked to hear this.

Did you contact us to discuss the matter?

Regards,


When I was demo'ing the platform I noticed that when I would enter a trade during the asian session (slower market time) it would take around 5-10 seconds to place the order or it would not be filled at all. This didn't happen on every trade but it did around 30% of the time.

If the demo has seperate execution speeds than the live platform then I apologize. I was testing it for high frequency scalping and I couldn't see myself using it for this.
  • #480
  • Mar 12, 2007 4:24pm Mar 12, 2007 4:24pm
Quoting hidethereal
When I was demo'ing the platform I noticed that when I would enter a trade during the asian session (slower market time) it would take around 5-10 seconds to place the order or it would not be filled at all. This didn't happen on every trade but it did around 30% of the time.

If the demo has seperate execution speeds than the live platform then I apologize. I was testing it for high frequency scalping and I couldn't see myself using it for this.
Thank you for responding.

As quoted on our website:

"While the bank quotes are identical on both the Demo and Live platforms, our ECN technology allows customers to place their own limits orders into the system and display them for other customers. Obviously, “demo” orders cannot interact with a live market, so the ECN trades from customer to customer work from demo clients to demo clients and from live clients to live clients, but demo orders do not display in the live market. Issues in our demo environment are not a reflection of our live platform."

Our minimum account deposit is $400 for a live account, I highly recommend anyone who is seriously considering opening an account with a broker test the real system for accurate results. One should not rely on their demo experience, as you might be shocked (good or bad) with what you find when you go live.

Regards,
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