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MB Trading Futures - Introduction

  • #561
  • Mar 28, 2007 4:00pm Mar 28, 2007 4:00pm
Quote:
Originally Posted by bigzz http://www.forexfactory.com/images/buttons/viewpost.gif
Just be curious,Does EFX match the bank feeds together to make a transaction and charge commision? If so , it seems a small scale FXmarketspace.

Quoting shrike
No they dont match the banks. You can see in a fast market a higher bid than offer on a regular basis.
.




If the system is anonymous, how does it identify the bank's bid/ask? Or we only see the bid/ask data except bank's.
  • #562
  • Edited Mar 30, 2007 12:06am Mar 29, 2007 11:46pm | Edited Mar 30, 2007 12:06am
Dose anyone having problems on Demo with placing orders?
Something stange going on after middnight maintenence( I am not talking during maintenence time but actually time after). Now at 12:30 am EST I can not place neither limit or market orders, Yestarday at the same time I was not able to place limit orders but market orders worked fine.
Is it just I experience this problems?
Before that all evening today everything worked fine.
I like platform more and more, looks complicated at first glance but after some practice and some calls to EXF help line, things getting clear.
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #563
  • Mar 30, 2007 3:43am Mar 30, 2007 3:43am
Just to be obgective. Now time 4:40 am and both types of order limit and market works on demo.
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #564
  • Mar 30, 2007 5:52am Mar 30, 2007 5:52am
Quoting shrike
Yes that works to some point, but whenever you close/restart NT or connect NT to another broker, there will be holes in the tickdata, because neither efx nor NT provide tick backfill. But for people whos NT/computer is online 24/7 it works.
I have set it up so that NT periodicaly gets the last day of ticks from esignal and saves it to diskcache.
NeoTicker does provide backfill for tick data. Data is not continually added to their backfill server, so you need to wait for the end of the day to get backfilled for todays data. And they only provide the last 120 days of data.
  • #565
  • Mar 30, 2007 6:31am Mar 30, 2007 6:31am
Quoting Andy12
Dose anyone having problems on Demo with placing orders?
Something stange going on after middnight maintenence( I am not talking during maintenence time but actually time after). Now at 12:30 am EST I can not place neither limit or market orders, Yestarday at the same time I was not able to place limit orders but market orders worked fine.
Is it just I experience this problems?
Before that all evening today everything worked fine.
I like platform more and more, looks complicated at first glance but after some practice and some calls to EXF help line, things getting clear.

Hello andy12,i experience the same type of problems with the demo,but i can honestly say i have never had any problems with orders or fills with live account.(except for 1 time and that was my fault)
  • #566
  • Mar 30, 2007 7:01am Mar 30, 2007 7:01am
I'm using the live account and there is no problem so far.

Regards
David Loh
  • #567
  • Mar 31, 2007 10:53am Mar 31, 2007 10:53am
Thanks for your answer, I got a feeling that those type of problems can't be in live accout, now it's nice to know that it really not a problem on live account.
Quoting Don4
Hello andy12,i experience the same type of problems with the demo,but i can honestly say i have never had any problems with orders or fills with live account.(except for 1 time and that was my fault)
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #568
  • Apr 1, 2007 7:34pm Apr 1, 2007 7:34pm
What means price in Level 2. Is it target of whoever placed trades?
But what if you buy something and did not set target price?
Can anyone explain this.

Andrey
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #569
  • Apr 2, 2007 7:57am Apr 2, 2007 7:57am
Did anyone have any problems last night on demo or live. I had a position opened last week and I tried to close it but it would not let me.
  • #570
  • Apr 2, 2007 4:38pm Apr 2, 2007 4:38pm
I have a live account with EFX and I also had quite a delay when trying to close a position last night... I placed a market order to close a position and it sat in my open orders box for about 10 to 15 seconds before it took... Now today, I can't even log into my account... I called them and evidentally they are having some issues with their server or something...

Anyone else noticed this?
  • #571
  • Apr 2, 2007 4:51pm Apr 2, 2007 4:51pm
Sorry to here that, I had no problems today.
  • #572
  • Apr 2, 2007 5:49pm Apr 2, 2007 5:49pm
Yes. I think problem is somewhere untill 2am and after this everything was good. I saw the same things already couple times it happening at aproximetly the same time.
Quoting jd442
Did anyone have any problems last night on demo or live. I had a position opened last week and I tried to close it but it would not let me.
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #573
  • Apr 4, 2007 4:17pm Apr 4, 2007 4:17pm
Hello Justin, Thank you very much for your responses. I really appreciate it. Can you please give me an update on the happenings of EFX? What is going on with the charting? What is going on with lower commissions? What is going on with money manager software? Are more banks coming on with you guys? Thank you very much, nd1377
  • #574
  • Apr 4, 2007 6:40pm Apr 4, 2007 6:40pm
Quoting nd1377
Hello Justin, Thank you very much for your responses. I really appreciate it. Can you please give me an update on the happenings of EFX? What is going on with the charting? What is going on with lower commissions? What is going on with money manager software? Are more banks coming on with you guys? Thank you very much, nd1377
I will certainly answer the questions that I am allowed to answer.

1) EFX is still happening. Just kidding.

2) At this time, we have made Intellicharts available at a deep discount to our users. Details are available on the website via the charting link. Integrated charting is still in development. No ETA as we don't give ETAs on software.

3) Not sure what you mean about the "lower commissions." While I'm sure that commissions will drop over time in this industry as more people trade through ECNs, just like what happened in the stock market, I certainly am not aware of any timetable for this. The costs are what they are to balance our development, cost of paying the liquidity providers (which is the biggest piece), cost of customer service, etc. We do offer scaled commissions for high volume traders, which anyone can contact me about if they are running high monthly volume consistently.

4) The PAM/LAM (money manager software) is something that we expect to be able to discuss very soon. And I mean, soon.

5) We are constantly adding more banks and direct feeds to banks. To be honest, I think that we already have the biggest banks, so what we continue to add is the mid-sized liquidity feeds. I don't really hear people complaining about our liquidity amounts or spreads, and customers can still place their orders between the bid and ask and interact with each other.

I do believe that you'll see a lot of improvements to the platform, meaning there is always more and more liquidity (banks and customers, both help you). Software is definitely moving along nicely.
  • #575
  • Apr 5, 2007 6:27am Apr 5, 2007 6:27am
I am currently with EFX and Mbtrading and believe me they are not making the grade anymore. They may say all you read here but I am telling you they are not much better overrall then a lot of the others. Example I trade a lot of GBPJPY and they have constantly widening the spread. They answer of course it isn't them but the banks. Don't believe it, if they are adding more banks then why is spreading widening all the time. Many days you see 6-10 pip spreads constantly. Then when you enter the trade on a low spread od 2-3 they hold the spread against to 6-8 with the trade making it nearly impossible to make short term money. When the markets move in your direction instead they just widen spread. This happens constantly. I have 2 live accounts with them running 2 separate navigator programs. Many times different quotes not within 4 pips can be seen on the 2 platforms. They platforms and servers are down numerous times, Monday this week over 4 hours from 4:30 AM est time on. I don't trade the news specifically but like to be able to take position after the news. Today at 7:00 A,M Eastern exactly on major news they turn off the servers for 1 minute exactly on both platforms. They say they wouldn't ever do that. That is a bold face lie I have seen it done repeatedly and this morning was even futher proof. I will admit it is hard to find someone better but I am going to take by 6 figure accounts out and try. So don't try to explain this crap away I am trading with you and experiecning all this and more. It is about time someone faced up to some of the crap you are really putting out. I don't understand why a truly honest broker don't get involved with forex and take a lot of your business. You say your commission are fair there is currenex brokers and swiss brokers for less then 1/2 of your amount. It is about time you guys wake up also.
  • #576
  • Apr 5, 2007 8:01am Apr 5, 2007 8:01am
I've been with EFX for about 8 months now - they seem, to me, to be the best forex broker out there right now. I had experiences with a 2 other brokers and EFX was like a breath of fresh air.

Their platform does get some learning but nothing good comes easy. Once learnt though you'll discover how powerful the platform is and how basic all the others seem to be. Also they are terrible for intraday trading as their interest rate charges are exhorbitant.

I also trade GBP/JPY and the spreads are good compared to others; I get on their navigator around a 1-6 spread (a constant 1 when the market is volatile). It always rises after the US session when volatility is low.

I just really hope that they dont get too popular and start going down the route of the other sad brokers.

So far a good thumbs up EFX
  • #577
  • Apr 5, 2007 8:17am Apr 5, 2007 8:17am
You surely never trade during asia session , you never see under 4-6 spread. I also was not complaining about learning there platform I am very knowledgeable of using it. I was stating there are far from being the quality of company they are wanting people to think they are. 4-6 spread and 2 average commission and then adjusting this against you to the market moving is not fair game. BESIDES TURNING OFF THE PLATFORM TODAY IS SOMEWHAT UNFAIR TO PEOPLE.
  • #578
  • Apr 5, 2007 10:07am Apr 5, 2007 10:07am
Quoting Forex1man
You surely never trade during asia session , you never see under 4-6 spread. I also was not complaining about learning there platform I am very knowledgeable of using it. I was stating there are far from being the quality of company they are wanting people to think they are. 4-6 spread and 2 average commission and then adjusting this against you to the market moving is not fair game. BESIDES TURNING OFF THE PLATFORM TODAY IS SOMEWHAT UNFAIR TO PEOPLE.
I have not found the spreads on the GBP/JPY to be that high on the platform very often. During most of the core trading times, it is 2-3 pips, but of course, when you are dealing with compiling orders from banks, it can widen. I certainly feel that trading the GBP/JPY with EFX, which I do often, has saved me a lot of money versus other platforms that I trade with. You do know that you don't have to pay the spread, right? You can post your own bids and offers?

They do a platform shutdown at midnight EST each day for five minutes. Beyond that, they don't shut down the platform. I had no problems during news.
FXChant Singing the World of Forex
  • #579
  • Apr 5, 2007 10:14am Apr 5, 2007 10:14am
Quoting Forex1man
I am currently with EFX and Mbtrading and believe me they are not making the grade anymore. They may say all you read here but I am telling you they are not much better overrall then a lot of the others. Example I trade a lot of GBPJPY and they have constantly widening the spread. They answer of course it isn't them but the banks. Don't believe it, if they are adding more banks then why is spreading widening all the time. Many days you see 6-10 pip spreads constantly. Then when you enter the trade on a low spread od 2-3 they hold the spread against to 6-8 with the trade making it nearly impossible to make short term money. When the markets move in your direction instead they just widen spread. This happens constantly. I have 2 live accounts with them running 2 separate navigator programs. Many times different quotes not within 4 pips can be seen on the 2 platforms. They platforms and servers are down numerous times, Monday this week over 4 hours from 4:30 AM est time on. I don't trade the news specifically but like to be able to take position after the news. Today at 7:00 A,M Eastern exactly on major news they turn off the servers for 1 minute exactly on both platforms. They say they wouldn't ever do that. That is a bold face lie I have seen it done repeatedly and this morning was even futher proof. I will admit it is hard to find someone better but I am going to take by 6 figure accounts out and try. So don't try to explain this crap away I am trading with you and experiecning all this and more. It is about time someone faced up to some of the crap you are really putting out. I don't understand why a truly honest broker don't get involved with forex and take a lot of your business. You say your commission are fair there is currenex brokers and swiss brokers for less then 1/2 of your amount. It is about time you guys wake up also.
Forex1man~

If any of this is true, then the best solution would be to contact me directly so that we can pull up your account and monitor your connections. I oversee our customer service department, and no one called in this morning stating what you did, which of course, make this posting suspect.

Please contact me at [email protected] and I will personally discuss what you think you have seen. Our GBPJPY quotes have narrowed on average. Obviously, during the US afternoons, that is when the quotes are widest because the banks aren't trading. I'm sitting here watching the GBPJPY at about 9:45 am EST and it is showing back and forth between 2 and 3 pips. That's what I've seen for weeks.

At any rate, we obviously see a lot of fake posts on these boards from competitors, and I am always interested in working with people who are legitimate clients that have an issue, so contact me directly and I will take care of the issue. If I don't get a response in the next 24 hours, I'll post that here on the boards.

Thanks
  • #580
  • Apr 5, 2007 1:57pm Apr 5, 2007 1:57pm
Quoting Forex1man
You surely never trade during asia session , you never see under 4-6 spread. I also was not complaining about learning there platform I am very knowledgeable of using it. I was stating there are far from being the quality of company they are wanting people to think they are. 4-6 spread and 2 average commission and then adjusting this against you to the market moving is not fair game. BESIDES TURNING OFF THE PLATFORM TODAY IS SOMEWHAT UNFAIR TO PEOPLE.
The time now is 14:56 EST and I have a BID/ASK of 233.79/233.82 on the EFX platform - a 3pip spread for GBP/JPY. I'm not affilliated to these guys in any way, but I'll like to call a spade a spade and keep the info in this forum factual.

There was a connection problem 2 days ago where I couldn't connect to the EFX platform or their website. I immediately panicked and thought MB Trading were up to some tricks - I later found that there was an outgoing Internet cable data issue for the whole LA area which had nothing to do with the company. I connected to the platform via dial-up while the issue was being sorted. (I now know its wise to have good old dial-up for security).

Just my 2 cents.
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