MB Trading Futures - Introduction | Page 215 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Introduction and trading basics 27 replies

Introduction to Level 2 4 replies

VTTrader: How to Write Your Own VT Indicator Introduction. 0 replies

Interest Rates: An Introduction 0 replies

An introduction to spread betting 0 replies

Attachments: MB Trading Futures - Introduction
Exit Attachments

MB Trading Futures - Introduction

  • #4,281
  • Nov 25, 2009 1:52pm Nov 25, 2009 1:52pm
Quoting shrike
Nice, i may start trading with MB when they got the EUR accounts working.

On the announcement of the announcement, can we play the "no comment" or "deny" game (nice viral marketing btw)?

Here are my picks:

* Universal accounts (futures/FX/Stocks from a single account)
* IPO (probably not the best of times for that)
* a big new MB stakeholder, or some other M&A news
We aren't going to play that game.

Regarding UNIV accounts - you are aware that you can open a futures/stocks/options account (globalOne) and then link your FX account to it. This way, you only have to log in once and then can toggle between the two accounts. The only downside, you'll have to maintain separate account balance between the FX and globalOne account.
  • #4,282
  • Nov 25, 2009 2:13pm Nov 25, 2009 2:13pm
could the big news be LOWER COMMISSIONS & BETTER ROLLOVERS,
  • #4,283
  • Nov 25, 2009 2:14pm Nov 25, 2009 2:14pm
Quoting BiggerPips
could the big news be LOWER COMMISSIONS & BETTER ROLLOVERS,
Well...that was this mornings announcement - see a few post above.
  • #4,284
  • Nov 25, 2009 2:16pm Nov 25, 2009 2:16pm
For those that missed it....

Dear Forex Factory Members,

Today, I have very exciting news. Effective this coming Sunday at start-up, MB Trading will be lowering our FX commission rates to $2.95 per 100,000 USD traded from $5.00 per 100,000 USD traded. All accounts, both Navigator and MetaTrader will be affected and moved to this lower rate. We know that this request has been a long time coming for many of you. Now that we have a fully working MT4 (coming off public beta shortly as well), our classic Navigator, and a web-based Navigator coming too, we feel that now is a great time to bring our execution and various platforms to you at a lower cost. This is essentially a 41% decrease in trading costs for most of our existing customers, and we hope to see many more of you check out our award-winning platforms with this new reduced rate.

Please note that due to higher cost of operations, this rate will not apply to accounts in China.

In addition, we have a major announcement coming January 1, as you will see reflected later next week on our website.

Happy Holidays.
  • #4,285
  • Nov 25, 2009 2:22pm Nov 25, 2009 2:22pm
Quoting jleblang
For those that missed it....

Dear Forex Factory Members,

Today, I have very exciting news. Effective this coming Sunday at start-up, MB Trading will be lowering our FX commission rates to $2.95 per 100,000 USD traded from $5.00 per 100,000 USD traded. All accounts, both Navigator and MetaTrader will be affected and moved to this lower rate. We know that this request has been a long time coming for many of you. Now that we have a fully working MT4 (coming off public beta shortly as well), our classic Navigator, and a web-based Navigator...
So this new rate is only for Dollar base pairs like, usd/chf and usd/cad
  • #4,286
  • Edited 3:12pm Nov 25, 2009 2:36pm | Edited 3:12pm
Quoting BiggerPips
So this new rate is only for Dollar base pairs like, usd/chf and usd/cad
The new rates apply to all currency pairs.

 

  1. EUR/USD would be $4.46 per side 100k traded (old rate = $7.56)
  2. GBP/USD would be $4.93 per side 100k traded (old rate = $8.36)
  3. AUD/USD would be $2.74 per side 100k traded (old rate = $4.65)
  4. ALL USD/ pairs $2.95 per 100k traded.

  • #4,287
  • Nov 25, 2009 2:54pm Nov 25, 2009 2:54pm
Are there new volume breaks as well? IIRC the old ones stopped at $3/100K.
  • #4,288
  • Nov 25, 2009 3:07pm Nov 25, 2009 3:07pm
Quoting shrike
Are there new volume breaks as well? IIRC the old ones stopped at $3/100K.
Shrike,

Volume breaks are still being worked out - I'll update you when I know more.
  • #4,289
  • Nov 25, 2009 3:12pm Nov 25, 2009 3:12pm
Great job on the cost cutting, Justin!

Between that and the MT4 you guys are gonna
be getting some business.
  • #4,290
  • Edited Nov 26, 2009 5:07am Nov 25, 2009 5:15pm | Edited Nov 26, 2009 5:07am
Justin,

Will there be new rates for rollovers as well? Cause at the moment they are not very competitive?
  • #4,291
  • Nov 26, 2009 1:05am Nov 26, 2009 1:05am
WOW....new commish is fantastic........ im moving back over to you guys
  • #4,292
  • Nov 26, 2009 1:37am Nov 26, 2009 1:37am
Justin,
is that $2.95 per round trip or is it each way.
thanks
  • #4,293
  • Nov 26, 2009 2:11am Nov 26, 2009 2:11am
Could the BIG NEWS be a UK office!!?

Hedging (for those that may need to) would be allowed and good security under FSA rules for deposited FUNDS.

Just seems a lot of US FX firms are opening a UK office at present.
  • #4,294
  • Nov 26, 2009 4:12am Nov 26, 2009 4:12am
We need a modern, quick and effortless way of funding accounts......Credit Cards
every Saint has a past. Every Sinner has a Future
  • #4,295
  • Nov 26, 2009 5:51am Nov 26, 2009 5:51am
Quoting turnip15
We need a modern, quick and effortless way of funding accounts......Credit Cards
Yes, or paypal or something. That's the one drawback for me...getting a bank wire from my bank here in Taiwan involves me dragging my wife down to my branch and spending 45 minutes filling out forms in two languages.
  • #4,296
  • Nov 26, 2009 7:48am Nov 26, 2009 7:48am
justin can you give me a range on what kind of volume Mb Trading do per month in forex, most broker have no problem with posting there volume, some broker do 25 - 50 billion per month, some do 75- 100 billion per month, and some do 100 - 200 billbion per month, by giving me this info it will give me a general idea the size of MBT of the forex side, thanks.
  • #4,297
  • Nov 26, 2009 7:04pm Nov 26, 2009 7:04pm
Quoting jleblang
For those that missed it....

Dear Forex Factory Members,

Today, I have very exciting news. Effective this coming Sunday at start-up, MB Trading will be lowering our FX commission rates to $2.95 per 100,000 USD traded from $5.00 per 100,000 USD traded. All accounts, both Navigator and MetaTrader will be affected and moved to this lower rate. We know that this request has been a long time coming for many of you. Now that we have a fully working MT4 (coming off public beta shortly as well), our classic Navigator, and a web-based Navigator...
Does this apply to FIX gateway clients as well?
The breaking of a wave cannot explain the whole sea.
  • #4,298
  • Nov 27, 2009 3:55am Nov 27, 2009 3:55am
Hi Justin,

That's indeed great news, especially for me, basically an fx newbie who has no working system and just looking to scalp on MT4. I usually enter on a market order and close my position whenever I see a little gain above the commission fee. But, most often when the market is so fast, I usually close out on the negative after the other side of the commission is taken out. With this new lower commission, am hoping the difference would mean a profit for me. May I suggest, can the commission be taken out 1 time only, at trade open, that way when the balance summary is positive I'd know I have gained?

Again, thank you for this change. Looking forward to your other Great News announcement.

Regards, jonyl
  • #4,299
  • Nov 27, 2009 5:18am Nov 27, 2009 5:18am
Quoting DrainBamage
Justin,

Will there be new rates for rollovers as well? Cause at the moment they are not very competitive?
i hope so
  • #4,300
  • Nov 27, 2009 10:18am Nov 27, 2009 10:18am
Quoting DrainBamage
Justin,

Will there be new rates for rollovers as well? Cause at the moment they are not very competitive?
Drainbamage,

No news on rollover rates. Our priority continues to be to build the best platform that we can in terms of liquidity, spreads, and commissions for active traders. Swap rates are for carry traders, and ours are dependent on what our core banks provide us in exchange for their best liquidity.
5 traders viewing now