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MB Trading Futures - Introduction

  • #3,141
  • Feb 12, 2009 2:24pm Feb 12, 2009 2:24pm
Quoting johnlucas
Hi Justin,

regarding Safety of Funds, in that page it is stated that Commodity Futures Contracts and Forex are ineligible for SIPC protection. What kind of "peace of mind" do you propose to Forex Traders?

thank you,

regards,

Johnlucas.
John ~

Forex accounts cannot be insured by SIPC by definition. That’s certainly not unique to us. This is one of the main reasons that the NFA and CFTC has worked so hard to raise capital requirements of forex brokers…so that customer funds are as secure as possible. As I’ve said often in the past, keep in mind that the most obvious “risk” to customer funds at the firm level is when firms are trading against their customers and thus maintaining positions in this volatile market. Since we just pass your trade through, we aren’t subjected to that level of risk that a deal desk faces daily. Probably the next biggest form of risk is customer account supervision, meaning that the firm must have good policies in place to observe all accounts and make sure that they are closed before they go below zero. We have both manual and automated systems that monitor this. Outside of that, we’re not a bank, we don’t lend money, etc. Just things to keep in mind.
  • #3,142
  • Feb 12, 2009 2:47pm Feb 12, 2009 2:47pm
Justin, speaking of safety of funds, I'd like to know your thoughts regarding segregating client from corporate funds. Are there any plans by MBT to institute this policy in the near or long term?
  • #3,143
  • Feb 12, 2009 3:17pm Feb 12, 2009 3:17pm
Quoting opie999
Justin, speaking of safety of funds, I'd like to know your thoughts regarding segregating client from corporate funds. Are there any plans by MBT to institute this policy in the near or long term?
From an accounting and operating standpoint, customer’s non-margined Forex funds and MB Trading Futures, Inc.’s (“MBTF”) operating funds are separately maintained. MBTF maintains a separate account at Wells Fargo Bank, a federally insured bank, for the exclusive benefit of customers in which Forex funds that are not used to satisfy margin or trading requirements will be deposited for safekeeping. Forex funds that are held in the separate account will not be used in the day-to-day operations of MBTF.
  • #3,144
  • Feb 13, 2009 2:42am Feb 13, 2009 2:42am
Are you kidding me that I can't access my account with IE 6 any longer?
  • #3,145
  • Feb 13, 2009 9:46am Feb 13, 2009 9:46am
Afternoon All.

I have recently had my Demo account activated and am trying to use a varity of Expert Advisers to test the platform performance.

Account went live on the 6th December which is when I loaded the EA's. All EA's have smiley faces to show that they have been loaded correctly but I have not had one trade in 5 days. N.B. Trades using the same EA's are working on other broker platforms.

Have contacted Justin and Jason at MBT but nothing has been resolved to date.

Has anyone else experienced similar problems and if so have they been resolved, and how?

Thanks in advance.

Nigel
TQO23
  • #3,146
  • Feb 13, 2009 11:22am Feb 13, 2009 11:22am
Justin hi.
I downloaded the beta version of the navigator but when i check the "show order entry pane" in the FXboard and then i change screen the order entry pane disappears.
Your support told me that i have to check it every time i want to use the Fx board.
Can you please tell me the purpose of this change?
Thanks in advance
  • #3,147
  • Feb 13, 2009 3:35pm Feb 13, 2009 3:35pm
Quoting Tqo23
Afternoon All.

I have recently had my Demo account activated and am trying to use a varity of Expert Advisers to test the platform performance.

Account went live on the 6th December which is when I loaded the EA's. All EA's have smiley faces to show that they have been loaded correctly but I have not had one trade in 5 days. N.B. Trades using the same EA's are working on other broker platforms.

Have contacted Justin and Jason at MBT but nothing has been resolved to date.

Has anyone else experienced similar problems and if so have they been...
Did you have them reprogrammed to handle the 5th decimal place? Are they using Instant Executions? Did you read the page on MB's site about the differences?
  • #3,148
  • Feb 13, 2009 6:21pm Feb 13, 2009 6:21pm
Also most likely culprit is including a tp/sl in the order. you have to send a order with zero tp/sl then add 'em with OrderModify.

http://www.mbtrading.com/metaTrader4Differences.aspx


Quoting Tqo23
Afternoon All.

I have recently had my Demo account activated and am trying to use a varity of Expert Advisers to test the platform performance.

Account went live on the 6th December which is when I loaded the EA's. All EA's have smiley faces to show that they have been loaded correctly but I have not had one trade in 5 days. N.B. Trades using the same EA's are working on other broker platforms.

Have contacted Justin and Jason at MBT but nothing has been resolved to date.

Has anyone else experienced similar problems and if so have they been...
  • #3,149
  • Feb 13, 2009 11:56pm Feb 13, 2009 11:56pm
i think there is an error with MB trading web site. it keeps jump and back? anyone have some experience?
Vedanta - The End Of Knowledge. ~ J. Krishnamurti ~
  • #3,150
  • Feb 15, 2009 8:50am Feb 15, 2009 8:50am
Justin,

With the anticipation of MT4 coming to MBT, are you aware of this thread on FF?
http://www.forexfactory.com/showthread.php?t=70582

Care to comment on it?

Thanks!
Dahlia
Money missed is better than money lost
  • #3,151
  • Feb 15, 2009 9:53am Feb 15, 2009 9:53am
Justin,

Do you offer forex options for the spot market? I know the CME has them available on futures currencies.

Thanks,
PC
  • #3,152
  • Feb 15, 2009 1:21pm Feb 15, 2009 1:21pm
Quoting IndyTrader
Did you have them reprogrammed to handle the 5th decimal place? Are they using Instant Executions? Did you read the page on MB's site about the differences?
No I hadn't seen the MBT page on this Indy.

Thanks for the pointer, will have a look.

Nigel
TQO23
  • #3,153
  • Feb 16, 2009 12:14am Feb 16, 2009 12:14am
The Broker-PlugIn crap doesnt exist with MB - your orders go straight thru to the banks almost INSTANTLY. There's no incentive for them to cheat you since they work for commish. they want you trading as much as your little heart desires. scalp, position, whatever...

Quoting Dahlia
Justin,

With the anticipation of MT4 coming to MBT, are you aware of this thread on FF?
http://www.forexfactory.com/showthread.php?t=70582

Care to comment on it?

Thanks!
Dahlia
  • #3,154
  • Feb 16, 2009 5:12am Feb 16, 2009 5:12am
Hi there MBT,

It was suggested from a thread I found that MBT is a market maker and not a true ECN simply because their argument was that the true interbank market only accepts 100K lots and ....

Any truth here?
  • #3,155
  • Feb 16, 2009 9:46am Feb 16, 2009 9:46am
Basic Navigator Webinar: This Webinar will go over the basic functionality of the MBT Navigator platform. The topics will include set up, overall features, preferences, basic order entry, and a question and answer session.

Date: 2/16/2009

Time: 12:00 PM EST

To register for either event or to see events scheduled further out, please visit: MBTU Webinar Home

Advanced Navigator Training: This Webinar will train you on the advanced features of the MBT Navigator platform. The topics will include advanced preferences, advanced order entry, detailed customization, charting options, and will be followed by a question and answer session.

Date: 2/17/2009

Time: 12:00 PM EST

To register for either event or to see events scheduled further out, please visit: MBTU Webinar Home
  • #3,156
  • Feb 16, 2009 9:50am Feb 16, 2009 9:50am
Quoting pa18
Hi there MBT,

It was suggested from a thread I found that MBT is a market maker and not a true ECN simply because their argument was that the true interbank market only accepts 100K lots and ....

Any truth here?
No....that must have been an old thread. That misconception is no longer a valid argument - many banks accept orders under 100k, especially for brokers with a long and steady relationship with them.
  • #3,157
  • Feb 16, 2009 9:50am Feb 16, 2009 9:50am
Quoting Pip Chaser
Justin,

Do you offer forex options for the spot market? I know the CME has them available on futures currencies.

Thanks,
PC
We don't at this time.
  • #3,158
  • Feb 16, 2009 9:54am Feb 16, 2009 9:54am
Quoting panos69
Justin hi.
I downloaded the beta version of the navigator but when i check the "show order entry pane" in the FXboard and then i change screen the order entry pane disappears.
Your support told me that i have to check it every time i want to use the Fx board.
Can you please tell me the purpose of this change?
Thanks in advance
That is not accurate.

If you right click on the FX Board and select 'Show Order Entry', it should appear. You can then save the layout as is, and the OE should remain attached to the FX Board without disappearing.

I have the beta downloaded and I've not experienced it disappearing.
  • #3,159
  • Feb 16, 2009 10:30am Feb 16, 2009 10:30am
Quoting jleblang
That is not accurate.

If you right click on the FX Board and select 'Show Order Entry', it should appear. You can then save the layout as is, and the OE should remain attached to the FX Board without disappearing.

I have the beta downloaded and I've not experienced it disappearing.
Justin i dont mean as a layout in different windows.
if you click fxboard and then you click positions and then you return to fxboard by clicking on it the OE has disappeared
  • #3,160
  • Feb 16, 2009 10:32am Feb 16, 2009 10:32am
Quoting panos69
Justin i dont mean as a layout in different windows.
if you click fxboard and then you click positions and then you return to fxboard by clicking on it the OE has disappeared
I understand, but your OE should still not disappear. When you add the OE, do you save your layout? Try renaming your layout when you save it and see if that fixes it.
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