IBFX or MB Trading? | Forex Factory

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IBFX or MB Trading?

  • #1
  • First Post: Dec 28, 2009 11:43am Dec 28, 2009 11:43am
Hi Guys, I'm trying to decide which broker is right for me and thought you guys would have input on my choices.
I have decided that I want a broker that will use mt4/5 so I was looking at the MT5 thread and it lists only 3 brokers that allow US residents.
The options that appeal to me the most are either IBFX or MB Trading, they both seem to have a good reputation around here.
I just don't know which one to pick, could you guys give me your 2 cents?
  • #2
  • Dec 28, 2009 1:11pm Dec 28, 2009 1:11pm
MB - simply because they're an ECN. Direct feed to interbank rates, you don't have to worry about any typical bucket shop practices.

Have a look at PFG best, they're an ECN MT4 broker as well.

Does anyone have any experience using both? Which one do you thinks better?
  • #3
  • Dec 28, 2009 1:23pm Dec 28, 2009 1:23pm
Also depends alot on your account size and your intend MoneyManagment.
With IBFX you can be alot more flexible even with small accounts.
So far I can't complain about any unfair tricks or delayed execution.
  • #4
  • Dec 28, 2009 1:32pm Dec 28, 2009 1:32pm
Quoting Tjpld
Also depends alot on your account size and your intend MoneyManagment.
With IBFX you can be alot more flexible even with small accounts.
So far I can't complain about any unfair tricks or delayed execution.

What minimum account size would you recommend to open an ECN?

I don't use stop losses over 16 pips and trade 0.2 lots (the equivalent to $2 per pip)
  • #5
  • Dec 28, 2009 1:53pm Dec 28, 2009 1:53pm
Depends on how big you account is and if you can risk your desired X% on each trade when your smallest position size is 10.000 Units like with MB Trading.
  • #6
  • Dec 29, 2009 2:03am Dec 29, 2009 2:03am
Smallest position is 1.000 units at MB Trading.

0,1 $ / pip.
  • #7
  • Dec 29, 2009 5:17pm Dec 29, 2009 5:17pm
Quoting Tjpld
Also depends alot on your account size and your intend MoneyManagment.
With IBFX you can be alot more flexible even with small accounts.
So far I can't complain about any unfair tricks or delayed execution.
For my first account I have about 10K I'd like to use to open a mini account and intend to use 3% risk /trade.
One of the things Im unsure of is the commissions that MB Trading charges, having never delt with it even in a demo senario I don't know how it could effect my strategy. Could anyone comment on how it is paying commission vs a higher spread?

If there are some other good options out there that I havn't thought of please let me know.
  • #8
  • Dec 29, 2009 5:18pm Dec 29, 2009 5:18pm
If you have a large enough account I'd go with MB T.
  • #9
  • Dec 29, 2009 8:58pm Dec 29, 2009 8:58pm
Quoting Jaula
What minimum account size would you recommend to open an ECN?

I don't use stop losses over 16 pips and trade 0.2 lots (the equivalent to $2 per pip)
MInimum account size shouldn't matter since FX scales. Unless you need to open with less than $400, MBT is the best options easily.
  • #10
  • Dec 30, 2009 6:13am Dec 30, 2009 6:13am
i vote for MBT
  • #11
  • Jan 7, 2010 6:49pm Jan 7, 2010 6:49pm
I have had very good experience with both.
  • #12
  • Last Post: Jan 9, 2010 7:04pm Jan 9, 2010 7:04pm
Live on IBFX Since 2007. Havent yet a problem. I was by MBT too they were very honest and the only reason why I close my account was they didnt have MT4 platform..
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