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MB Trading Futures - Introduction

  • #4,301
  • Nov 27, 2009 10:19am Nov 27, 2009 10:19am
Quoting Bazuka77
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.
Bazuka77,

No UK office. We don’t feel that the hedging thing is a big deal as we have seen tons of customers simply open two accounts and run longs in one account and shorts in another, whether it be EA trading or manual trading.
  • #4,302
  • Nov 27, 2009 10:25am Nov 27, 2009 10:25am
Quoting turnip15
We need a modern, quick and effortless way of funding accounts......Credit Cards
Turnip15,

I wouldn’t bank on us accepting credit cards any time soon. We are registered with multiple regulatory bodies on the stock and forex sides, and accepting credit cards would not be viewed as a quick and effortless way to fund accounts by those entities. It would be viewed as a gambling mechanism and a chance to redeem credit card points without buying anything. There are certainly firms that promote this concept. I will tell you outright that we aren’t going down this path.

However, as an alternative to sending in a wire or check, we have just set up ACH transfers for clients; more details can be found here: http://mbtrading.com/forexdeposits.aspx
  • #4,303
  • Nov 27, 2009 10:26am Nov 27, 2009 10:26am
Quoting BiggerPips
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.
Biggerpips,

We’re not a publicly traded company, so I have zero authority to release any information about our monthly volumes, other than to say that they obvious vary a lot from month to month, and we meet all of the NFA regulatory requirements and have continued to do so over the years. I don’t understand how the question affects your trading, so it’s hard for me to answer the question with more detail.
  • #4,304
  • Nov 27, 2009 10:26am Nov 27, 2009 10:26am
Quoting Craig
Does this apply to FIX gateway clients as well?
Craig,

To make it easy…this is across the board. Our highest rate is now $2.95 per $100,000 USD traded starting Sunday unless you live in China.
  • #4,305
  • Edited 2:00pm Nov 27, 2009 10:30am | Edited 2:00pm
incase you missed it:

LOWERED COMMISSIONS

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.

FREE VPS

We are pleased to announce that we have created a strategic partnership with PhotonVPS, a leader in Windows VPS hosting that utilizes the latest hardware and most comprehensive network possible. Creating multiple packages to choose from, the VPS can be used for MetaTrader 4 Client hosting for Expert Advisors or as a source for complete Black Box hosting for your own trading software. Either solution can be connected to MB Trading for FOREX, Stocks, Futures and Options.

To help you get started, we will give everyone the first 90 days free to get your software situated and tested with no setup fee. Thereafter, to continue using the VPS for free, we have set a very low minimum trade requirement for any asset class that we offer that is based on a month to month basis.

To learn more and take your trading to the next level and visit: MBT VPS
  • #4,306
  • Nov 27, 2009 11:23am Nov 27, 2009 11:23am
Quoting jleblang
Turnip15,...
JLB: when you implement EUR accounts, it would be really nice to be able to wire funds to (for example) WellsFargo London Branch -> final beneficiary WellsFargo USA (or whereever it goes). This way european customers could fund the account for free, without any banking fees - since its a wire to a destination inside the european monetary union.
  • #4,307
  • Nov 27, 2009 1:50pm Nov 27, 2009 1:50pm
JLB,

Great news about the new commission rate, good job.

Any thoughts on my question regarding liquidity peculiarities?
  • #4,308
  • Nov 27, 2009 3:53pm Nov 27, 2009 3:53pm
Woohoo!!!! Those new commissions are exactly what you guys needed to do to get to the top! No doubt in my mind that MB Trading is the best broker out there. Can't wait for the big announcement!
Cap
  • #4,309
  • Nov 27, 2009 4:29pm Nov 27, 2009 4:29pm
Hai Justin ,
I want ask why MB TRADING not in the reference broker on CME GROUP web page or CME ClearPort Broker . Where MB TRADING clear all FOREX trade transaction ?
  • #4,310
  • Nov 27, 2009 5:09pm Nov 27, 2009 5:09pm
I read on the MB Trading website that you can log in to your account in order to initiate a wire transfer (withdraw).

So if you want to make a withdraw from your account using a wire transfer, do you simply need your bank account number and routing number?

Is there anything you have to do on your bank's side each time before the money can be transferred, or can you initiate each transfer just from your MB Trading account?

And is there a limit to how much you can withdraw per wire transfer or in a given amount of time? For the Automatic Clearing House option, it says there is a $5000 limit per month. Can I assume that wire transfers do not have a limit?

Thanks!
  • #4,311
  • Nov 27, 2009 6:40pm Nov 27, 2009 6:40pm
great news about the comission... now only missing is EUR based accounts

Can't wait to see what the BIG announcement is... can't think of anything else, though I'd love for stocks and futures to be available under the MT4 platform...
  • #4,312
  • Nov 27, 2009 9:43pm Nov 27, 2009 9:43pm
Quoting jleblang
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...
Good news on lowered commissions, about time!

A question on China accounts, this affects accounts opened in China or ...? Can you be a little more specific please Justin.
  • #4,313
  • Nov 28, 2009 1:05am Nov 28, 2009 1:05am
Quoting jleblang
Turnip15,
However, as an alternative to sending in a wire or check, we have just set up ACH transfers for clients; more details can be found here: http://mbtrading.com/forexdeposits.aspx
Does this apply to US customers only?
  • #4,314
  • Nov 28, 2009 2:33am Nov 28, 2009 2:33am
Quoting jleblang
incase you missed it:
Please note that due to higher cost of operations, this rate will not apply to accounts in China.
Hi，can you specify why the operation cost is higher for China accounts? Isn't it should be the same all over the world through the internet? Why China specifically? China is sharing the submarine optical fiber cables with many other asian countries, why are they not on the list?

well, I am not a scalper and not concerning much about the rate. And being quite satisfied with the current rate, spread and all services MBT offering. But this policy......is kind of like ........."nationality discrimination" now. LOL.
  • #4,315
  • Edited 6:43am Nov 28, 2009 5:53am | Edited 6:43am
Quoting jleblang
Biggerpips,

We’re not a publicly traded company, so I have zero authority to release any information about our monthly volumes, other than to say that they obvious vary a lot from month to month, and we meet all of the NFA regulatory requirements and have continued to do so over the years. I don’t understand how the question affects your trading, so it’s hard for me to answer the question with more detail.
the question don't effect my trading, i will like to know what kind of volume you do per month, you don't have to be a public traded company to answer that question, most broker post there volume and there not public, any way i see you don't wanna answer that question, im just a little worry on the size of Mb Trading, 100k is no laughing matter when picking a broker.
  • #4,316
  • Nov 28, 2009 8:39am Nov 28, 2009 8:39am
Quoting jleblang
We are able to sustain a constant low latency of 10 milliseconds per execution between our location and the MB Trading trade servers.
That's 10 times as slow as JadeVPS to JadeFX or 5 times as slow as CNS to ATC Brokers.

Couldn't you do any better, like set up a VPS service in the same building as your trading servers?
  • #4,317
  • Edited 10:35am Nov 28, 2009 8:41am | Edited 10:35am
Quoting jleblang
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.

The lower commission is good, but you are still more expensive than ATC Brokers for pairs such as EUR/USD and GBPUSD, who have, for quite a while now, charged 8 USD round turn per full lot.
JadeFX charges 5 USD per round turn lot.
  • #4,318
  • Nov 28, 2009 1:50pm Nov 28, 2009 1:50pm
Quoting Hyper
The lower commission is good, but you are still more expensive than ATC Brokers for pairs such as EUR/USD and GBPUSD, who have, for quite a while now, charged 8 USD round turn per full lot.
JadeFX charges 5 USD per round turn lot.
If you actually would use a company like JadeFX, not sure there's much else to say for you. I think I'll stick with the firm that has the long-term background and reputation than someone named after a green rock.
  • #4,319
  • Nov 28, 2009 1:52pm Nov 28, 2009 1:52pm
Quoting Hyper
That's 10 times as slow as JadeVPS to JadeFX or 5 times as slow as CNS to ATC Brokers.

Couldn't you do any better, like set up a VPS service in the same building as your trading servers?
Been running my EA on a MT4 hosting machine through PhotonVPS with MB for a week now. No issues, very consistent and no lag.
  • #4,320
  • Nov 28, 2009 3:46pm Nov 28, 2009 3:46pm
Quoting shrike
JLB: when you implement EUR accounts, it would be really nice to be able to wire funds to (for example) WellsFargo London Branch -> final beneficiary WellsFargo USA (or whereever it goes). This way european customers could fund the account for free, without any banking fees - since its a wire to a destination inside the european monetary union.
Shirke,

We are working on a solution for this. I don't have an ETA, but probably closer than you think.
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