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MB Trading Futures - Introduction

  • #4,021
  • Oct 1, 2009 10:16am Oct 1, 2009 10:16am
Quoting traderfx
you guys only made a little over 4mill last year.
?
  • #4,022
  • Oct 1, 2009 10:41am Oct 1, 2009 10:41am
Quoting traderfx
you guys only made a little over 4mill last year.

Source?
  • #4,023
  • Oct 1, 2009 10:53am Oct 1, 2009 10:53am
Quoting traderfx
hoover
The vacuum company?
  • #4,024
  • Oct 1, 2009 10:58am Oct 1, 2009 10:58am
Quoting jleblang
Dear Forex Factory Members,

...
Hello Justin
Thanks for you care to help and tell us the new stuff from MB,I see u started from 2006 that great effort from you.
I'm interested to open account with MB but have some queries.
What about Segregated fund?
Spreads fixed ?how calculated commission? for example e/u
If i have open 2 position with e/u ,Can i close any one of them and let the other,No new rule about that?
There is another company ECN offer mt4, In your point of view why shall i be with mbtrading and not them?

Thanks
  • #4,025
  • Oct 1, 2009 11:10am Oct 1, 2009 11:10am
Quoting traderfx
http://www.hoovers.com/Manhattan-Bea...actsheet.xhtml
TraderFX,

We are a privately held company, so no data would be available about us through Hoover’s. Thank you for pointing this out and I have contacted them. They agreed that the information is not accurate (they don’t even seem to know where they got it) and it is being removed.

Given the fact that just MBTF (one division of our company) went from $5 million to over $20 million in reported net cap last year to meet the new NFA requirement, obviously $4 million in sales (it says sales not profit) is a made up number.
  • #4,026
  • Oct 1, 2009 11:18am Oct 1, 2009 11:18am
Quoting traderfx
if it is sales that means it is lower then 4mill, why don't you tell us a figure then? im sure they are pretty accurate
As I already said, Hoover’s has admitted that the number is not accurate and they don’t even know the source. They will be removing it by end of day. I already gave you the math example of how it can’t be close to possible…by a rather large multiple.
  • #4,027
  • Oct 1, 2009 11:35am Oct 1, 2009 11:35am
Quoting traderfx
thats cool and all, but we like to know how big is mb trading, it seems like it is very small, untill you prove us diffrents, looks like mb trading might not last that long? i look up a lot of brokers and most make 30mill to 300mill per year, and thats not inculding stock and options witch you guys offer, how come such so small numbers? i don't mind the small numbers but i like to see you guys doing big business.
LOL. We already know they made AT LEAST $15 million last year just in the FX division of their company based on the CFTC reporting. What crack pipe are you smoking? If you want your broker to make more money so you feel more secure, hit the buy button more. I think it's more interesting that you are trying to raise this issue on the day they launch MetaTrader. I smell a rat.
  • #4,028
  • Oct 1, 2009 11:42am Oct 1, 2009 11:42am
Quoting traderfx
man please, im worry about my money, you can cry wolf all day long and kiss butt but it my money im concern about
Cry wolf? Now there's definitely a crack pipe...i aint' crying at all. Maybe you can explain what you are so concerned about...or are you just laughing to admit that you are here messing with them.
  • #4,029
  • Oct 1, 2009 11:51am Oct 1, 2009 11:51am
Quoting wannatradefx
LOL. We already know they made AT LEAST $15 million last year just in the FX division of their company based on the CFTC reporting. What crack pipe are you smoking? If you want your broker to make more money so you feel more secure, hit the buy button more. I think it's more interesting that you are trying to raise this issue on the day they launch MetaTrader. I smell a rat.

You dont know that they made $15 M because of the cftc reports. May as well be money that a stakeholder put up. For example, when Oanda went from ~$30 M to $150 M all the dough came from an outside investor and not from the firms revenue.
  • #4,030
  • Oct 1, 2009 11:54am Oct 1, 2009 11:54am
Quoting traderfx
man please, im worry about my money, you can cry wolf all day long and kiss butt but it my money im concern about
I have to assume you are joking (or wannatrade is right given the timing of your “concern”). You’ve already seen, as he said, what our forex division added in 2008, and that doesn’t count our stocks, options, and futures company, which has been around for a decade and has always met the requirements of SEC, FINRA, NFA, and CFTC, plus won Barron’s awards for everything from technology to execution to customer service. We just bought a rather large company two months ago as well. Meanwhile, I’m a little busy today as I’m sure you understand, so back to today’s topic:

 Dear Forex Factory Members,

 I am pleased to announce that MetaTrader 4, which is fully integrated into MB Trading’s True ECN Execution, is now available for live trading to the general public as a public Beta. As many of you are aware, we have spent countless amounts of time and energy completely removing the deal desk functionality of MT4, all while maintaining as much of the customer user experience as possible, including the automated trading components.

Integration Notes:

·FIFO compliant;
 ·Expert Advisors working on a trade ID basis;
 ·Immediate and anonymous posting of all Limit orders directly into the quotes for anyone else to see and execute against;
 ·No limitation on proximity of Limit and Stop orders;
 ·Direct routing of market orders through proprietary algorithms to obtain best-price execution against banks, customers, and other dark pools of liquidity;
·No requotes; and
 ·No restrictions against scalping.

Opening Your Live Account:

Please read the following notes before moving forward.

·Nav accounts and Meta accounts are now compatible, but you will still need to open a new account at this time to use MT4. You will end up with Navigator and MT4 accounts with the same account numbers.
·All statements are generated through our on-line FIFO statement process. MetaTrader statements have been disabled due to the new NFA FIFO requirement.
 ·Once you start the Online Application process, you’ll have the choice to select MBT Navigator or MetaTrader 4 as your platform of choice, it’s very important you select MetaTrader 4.
·If you plan to run EAs in this account please be sure to read about the difference between deal desk MT4 and ECN MT4 here: MT4 ECN Difference. It is advised that you test all EAs in our Demo environment first.
·Since we expect a high volume of new accounts during the first 30 days, we ask that you be patient while your account is being processed. Our average new account processing time is 24-48 hours, but we are anticipating the wait to increase to as much as 5 days before approval.
·Someone from new accounts will contact you once they start reviewing your application.
·Your new account can be funded with as little as $400.

If you’re ready to start trading, please visit Open Account and select Open an Individual Account.

Questions can be sent to [email protected] or MT4 Support Live Chat.

Thank you for your continued support of MB Trading – Enjoy.
  • #4,031
  • Oct 1, 2009 12:05pm Oct 1, 2009 12:05pm
Quoting egkid
Hello Justin
Thanks for you care to help and tell us the new stuff from MB,I see u started from 2006 that great effort from you.
I'm interested to open account with MB but have some queries.
What about Segregated fund?
Spreads fixed ?how calculated commission? for example e/u
If i have open 2 position with e/u ,Can i close any one of them and let the other,No new rule about that?
There is another company ECN offer mt4, In your point of view why shall i be with mbtrading and not them?

Thanks


Can i get answer or it's silly questions!
  • #4,032
  • Oct 1, 2009 12:12pm Oct 1, 2009 12:12pm
Quoting traderfx
like i say the link stand until mb trading prove other wise.
I think HE Said the link will be removed at end of the day!!
  • #4,033
  • Oct 1, 2009 12:14pm Oct 1, 2009 12:14pm
Quoting traderfx
i will report this to NFA and CFTC now lets see who is wright and wrong.
ROFL-your posts make me feel good! Its always comforting to know you are not the BIGGEST moron alive-ROFL
FF = Forex Faggots
  • #4,034
  • Oct 1, 2009 12:15pm Oct 1, 2009 12:15pm
Quoting traderfx
i will report this to NFA and CFTC now lets see who is wright and wrong.
Which part? The part where there are idiots on the forum that can't spell "right" correctly?
  • #4,035
  • Oct 1, 2009 12:18pm Oct 1, 2009 12:18pm
Quoting traderfx
i will report this to NFA and CFTC now lets see who is wright and wrong.
I'm so lost. You are going to go tell the NFA and CFTC what exactly? Never mind, forget I asked. Hats off to Justin once again. I have no idea how you put up with these tools without ever responding in kind.
  • #4,036
  • Oct 1, 2009 12:20pm Oct 1, 2009 12:20pm
Quoting egkid
Can i get answer or it's silly questions!
LOL - these are great questions compared to some of the other post.

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. While Forex funds are separated from MBTF's operating funds, they are not segregated as defined under CFTC regulations.

The spreads displayed are variable and derived from our liquidity providers and other customers trading in the network. We take the best Bid and Ask price and match them up, regardless if the Bid comes from Bank A and the Offer comes from Customer XYZ. You’ll always receive best price execution.

I’m going to refer you to our Forex commission page: FX Commissions

Multiple trades in the same currency pair will display in MT4 with their own trade ID; which allows you to manage them individually. However, in the Navigator you’ll see an average basis price for all trades in that currency pair for reporting and FIFO compliance reasons.

For more information, visit: MT4 ECN with MB Trading

I hope this helps.
  • #4,037
  • Oct 1, 2009 12:53pm Oct 1, 2009 12:53pm
Quoting jleblang
LOL - these are great questions compared to some of the other post.

[font=Verdana][size=2] From an accounting and operating standpoint, customer's non-margined Forex funds and MB Trading Futures, Inc.'s ("MBTF") operating funds are separately maintained....
Thank you Justin for answering.
I'm very interested to open live account as soon as possible with you just let me check how things will goes at news time tomorrow with my demo version
  • #4,038
  • Oct 1, 2009 12:57pm Oct 1, 2009 12:57pm
Quoting egkid
Thank you Justin for answering.
I'm very interested to open live account as soon as possible with you just let me check how things will goes at news time tomorrow with my demo version
You're welcome.

Keep in mind, the demo environment is just that, a demo and not a reflection of live trading. We test all updates and changes there prior to implementing them onto the live environment.

I'm sure many traders who have been in Beta with us for the past 6 months can confirm what I am saying.
  • #4,039
  • Oct 1, 2009 1:08pm Oct 1, 2009 1:08pm
Quoting IndyTrader
Which part? The part where there are idiots on the forum that can't spell "right" correctly?

no no you must have misunderstood him , he was talking about Orville Wright,, I think,, uhh,, wasn't he or something ,, I don't know, but he does....He thinks...

on a lighter note...

Thanks for the info Justin, glad this day has finally arrived.
So if we already have a navigator based account it can be linked without much hassle....?
  • #4,040
  • Oct 1, 2009 1:14pm Oct 1, 2009 1:14pm
Quoting tommyd
no no you must have misunderstood him , he was talking about Orville Wright,, I think,, uhh,, wasn't he or something ,, I don't know, but he does....He thinks...

on a lighter note...

Thanks for the info Justin, glad this day has finally arrived.
So if we already have a navigator based account it can be linked without much hassle....?
You're welcome.

You'll actually have to open a new account and select MetaTrader when filling it out, but you'll be able to view your Mt4 account in the Navigator. We will also link your two accounts together so that when you log in, you don't have to log out to see your MT4 account or vice versa.
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