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MB Trading Futures - Introduction

  • #3,201
  • Feb 24, 2009 3:59pm Feb 24, 2009 3:59pm
Quoting dkmb92
i have a couple questions. i have not read this entire thread, so i am sorry in advance if they have been addressed already.
1. you guys are located in the los angeles area. what would happen to the company, it's operations, & the service it provides if a devastating category 8+ earthquake simply rocked the hq there & disrupts power for weeks? (god forbid). does mb have an action plan in case it does? if so, what is it?
2. how hard or stringent is it for someone to qualify for an acct there? if someone is not employed & their net worth is less than...
Hi DK,

Thanks for the opportunity to respond.

#1 from our website:

Network Reliability

MB Trading's server environment was built to support mission critical operations, complete with climate controlled rooms in a secured building.

MB Trading's server farm is powered by redundant uninterrupted power supply units with back-up generators standing ready in case of power grid failures to provide full electrical power restoration in just a few seconds. Each individual workstation on our trade desk and client support area is also powered by backup batteries and a backup generator. Going even further, all account information is mirrored; even in the unlikely event that one complete network fails, the system is designed so that the redundant network will immediately be connected to protect your orders and facilitate the execution of your trades.

Each individual workstation on our trade desk and client support area is also powered by backup batteries and a backup generator. Going even further, all account information is mirrored; even in the unlikely event that one complete network fails, the system is designed so that the redundant network will immediately be connected to protect your orders and facilitate the execution of your trades.

Server Farm Architecture

The servers that make up our farm are designed with multiple back-up systems. A status monitor constantly watches every server in the network, checking for a stable connection. In the event of failure of any one server, your order will be routed to another server in the network. Furthermore, this extensive error-checking is backed by redundant data and execution lines.

Server Redundancy

Your quotes, subsequently, are received in a very timely fashion. Your account balances, positions, and quotes update instantly assuming the Internet path to your machine is clear.

#2 - unemployed and low net worth would require us to perform much more due diligence on the client before the applicant would be approved...and even then, we turn many clients away who fall in this category. It is a matter of corporate responsibility, especially with the risk associated with trading FX on leverage.
  • #3,202
  • Feb 24, 2009 4:52pm Feb 24, 2009 4:52pm
thanku for that reply. i would be much more concerned about the company (& its employees) as a whole than the data centers & server farms. i would hate to see anything bad happen to you guys.
many fx brokers have low net worth individuals (< $25k) sign statements that they acknowledge the risks of trading in the forex market & do not hold the broker responsible for any losses. does mb offer anything similar to that? i have done my homework in fx for over a year & a half now & am finally getting close to going live. part of that hw has identified you guys as one of the best brokers. i am also very proficient at using the navigator (have been utilizing the demo for almost a year as well). i would hate to think that after all this work that you guys wouldnt accept me as a client. & that i'd have to go somewhere else to start off.
  • #3,203
  • Feb 24, 2009 5:42pm Feb 24, 2009 5:42pm
I'm not following this thread from beginning , I just want to know ,can we use MT4 ECN for live trading now ? or still beta testing
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  • #3,204
  • Feb 24, 2009 5:52pm Feb 24, 2009 5:52pm
Quoting dkmb92
thanku for that reply. i would be much more concerned about the company (& its employees) as a whole than the data centers & server farms. i would hate to see anything bad happen to you guys.
many fx brokers have low net worth individuals (< $25k) sign statements that they acknowledge the risks of trading in the forex market & do not hold the broker responsible for any losses. does mb offer anything similar to that? i have done my homework in fx for over a year & a half now & am finally getting close to going live. part of that hw has identified...
DK -

I would hate to see you waste so much time learning our system as well, but we have certain recommendations/guidelines per NFA/CFTC that we choose to follow. Send me an email directly to [email protected] and lets discuss further - I'll pull new accounts into the conversation as well for clarification.
  • #3,205
  • Feb 24, 2009 9:22pm Feb 24, 2009 9:22pm
Justin,

I have a question about opening a live account. I have been waiting to use the metatrader platform with you guys when it goes live in the future. Can I go ahead a open a live account with you guys and use the navigator platform until the metatrader platform comes online live at a later date and then swap my account to trade live on the metatrader platform when that happens.

What are your thoughs on that.
  • #3,206
  • Feb 25, 2009 5:57am Feb 25, 2009 5:57am
Quoting jleblang
Playfish,

You can utilize Ninja Traders services for free, but you will not be able to execute live through their platform. Are you attending the Ninja webinar tomorrow night?

http://mbtrading.com/webinars.aspx
Too bad if have to pay. anyway, its okay, maybe i'll use it for charting. i have no problem trading using the navigator. I registered with your webminar and hope i can join you guys later tonite.

thanks for the information.
  • #3,207
  • Feb 25, 2009 10:24am Feb 25, 2009 10:24am
Quoting netropolis
Justin,

I have a question about opening a live account. I have been waiting to use the metatrader platform with you guys when it goes live in the future. Can I go ahead a open a live account with you guys and use the navigator platform until the metatrader platform comes online live at a later date and then swap my account to trade live on the metatrader platform when that happens.

What are your thoughs on that.
Sure netropolis, you can open an account for the Navigator now and then later open an account for MetaTrader. You'll have to complete the application process twice if you choose to do this, but the second time around should be much quicker as we will already have most of your information and approval status.
  • #3,208
  • Feb 25, 2009 10:35am Feb 25, 2009 10:35am
Justin I have a question for opening a live account.

I am trying since last week to open an account. I completed the form and I have sent some e-mails.

The problem is that for the last 5 days (5 working days) I get no response to my e-mails and to my questions.

Is that normal?

Thanks.
  • #3,209
  • Feb 25, 2009 10:38am Feb 25, 2009 10:38am
Quoting FrankBlack
Justin I have a question for opening a live account.

I am trying since last week to open an account. I completed the form and I have sent some e-mails.

The problem is that for the last 5 days (5 working days) I get no response to my e-mails and to my questions.

Is that normal?

Thanks.
Definitely not normal or acceptable - please email me directly with full name and account number if you have it. It could be that you were sent an email and it was held up in your spam box, but I'll look into it further for you.
  • #3,210
  • Feb 25, 2009 10:57am Feb 25, 2009 10:57am
Quick Reminder - we are hosting a Ninja Trader webinar tonight at 8PM EST.

http://mbtrading.com/webinars.aspx
  • #3,211
  • Feb 25, 2009 12:02pm Feb 25, 2009 12:02pm
hey justin im using the mbt navigator I have a libe account can I just set a profit target and keep no stop loss once I open a position
  • #3,212
  • Feb 25, 2009 1:06pm Feb 25, 2009 1:06pm
Quoting bksujal
hey justin im using the mbt navigator I have a libe account can I just set a profit target and keep no stop loss once I open a position
Two Options:

Place a market order and add a Limit Order in the opposite direction after you have entered your trade.

or

Select Market + TTO, but set your Stop Loss at an unrealistic level so that it does not trigger.
  • #3,213
  • Feb 25, 2009 1:26pm Feb 25, 2009 1:26pm
Justin is it too late to adjust your guys MT4 servers to GMT/BST +1 and get rid of that Sunday candle?!! What time are your MT4 servers set for? Thnx! (I know, I know.. lol I just cant seem to find all my goodies at one broker. MBT is actually perfect except for that screwed up candle. sheeesh!!)
  • #3,214
  • Feb 25, 2009 9:32pm Feb 25, 2009 9:32pm
Quoting jleblang
Sure netropolis, you can open an account for the Navigator now and then later open an account for MetaTrader. You'll have to complete the application process twice if you choose to do this, but the second time around should be much quicker as we will already have most of your information and approval status.
How about the deposit inside the first account? Do we allow for inter-account balance transfer from account #1 to #2, or do we need to withdraw and re-deposit?

Please advice.
  • #3,215
  • Feb 25, 2009 11:59pm Feb 25, 2009 11:59pm
Justin,

I have recently completed my first year with MBT and am looking to complete my US taxes. I just realized that MBT does not send out a Year End Statement or 1099s. It is my understanding that I am to get this info from my monthly statements and complete it on my own... is this correct?

Thanks for the clarification... just want to be sure I'm on the right track with 1yr under my belt with MBT.

Many thanks.
  • #3,216
  • Feb 26, 2009 10:11am Feb 26, 2009 10:11am
Quoting zam4ever
How about the deposit inside the first account? Do we allow for inter-account balance transfer from account #1 to #2, or do we need to withdraw and re-deposit?

Please advice.
Yes, you'll be able to transfer funds from one account to another with our internal transfer forms online.
  • #3,217
  • Feb 26, 2009 10:15am Feb 26, 2009 10:15am
Quoting noblehobo
Justin,

I have recently completed my first year with MBT and am looking to complete my US taxes. I just realized that MBT does not send out a Year End Statement or 1099s. It is my understanding that I am to get this info from my monthly statements and complete it on my own... is this correct?

Thanks for the clarification... just want to be sure I'm on the right track with 1yr under my belt with MBT.

Many thanks.
noblehobo,

That is correct, you'll need to pull the statements online. You should also do some research on the available tax solutions that exist for Forex traders, if you aren't aware of them already.
  • #3,218
  • Feb 26, 2009 10:37am Feb 26, 2009 10:37am
Quoting jleblang
Yes, you'll be able to transfer funds from one account to another with our internal transfer forms online.
Thank you for the answer.

By the way, after a week using MBTrading MT4 Beta platform, all I can say is I CAN'T WAIT for it. It is really amazing.

Have a nice day!
  • #3,219
  • Feb 26, 2009 11:15am Feb 26, 2009 11:15am
how can a british columbia resident sign up? Anyone in BC successfully sign up with MB trading? Looking at starting an account @ 25k usd.
  • #3,220
  • Feb 26, 2009 11:35am Feb 26, 2009 11:35am
Ricky: Just go over to Bermuda and open an IBC.
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