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IBFX or MB Trading?

  • Post #1
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  • First Post: Dec 28, 2009 12:43pm Dec 28, 2009 12:43pm
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?
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?
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.
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)
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.
Smallest position is 1.000 units at MB Trading.

0,1 $ / pip.
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.
If you have a large enough account I'd go with MB T.
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.
i vote for MBT
I have had very good experience with both.
  • Post #12
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  • Last Post: Jan 9, 2010 8:04pm Jan 9, 2010 8:04pm
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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