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MB Trading Futures - Introduction

  • #4,521
  • Jan 2, 2010 2:08am Jan 2, 2010 2:08am
Quoting egkid
How come e/u 1.4400 While all others brokers i use 1.4325!! Maybe because midnight and new year
Happy new year 2010
Strange is this mistake! About 75 pip spike or that is real the price
All other brokers show almost 1.4325
  • #4,522
  • Jan 2, 2010 4:07am Jan 2, 2010 4:07am
Just for clarity, when I was referring to the possible future reduction (for some again) of Margin or Leverage I was not referring to 100 to 1 , which for me and others is more than enough! I was referring to more like 10 to 1 or even worse the level of margin used to trade Stocks!

Regulation can be good or bad but can become overzealous if not thought through correctly due to 'external' circumstances and possibly oversensitive governing bodies due to the current 'cliamte'

In fact if the NFA want to bring out a better rules for US FX client's, then better Funds Protection, including the complete segregation of clients funds would be a very good idea.

And for one final peice of clarity I do not use hedging for trading, neither were my header comments in respect to Hedging from the Trading sense.

Quoting wannatradefx
Here's my bet...within two years, FX will be regulated the same in all major countries. Separate from that, the US rules haven't affected me at all. Hedging was always a joke and people shouldn't even be trading 100 to 1, much less higher than that. What else has the NFA done except force brokers to have more capital to protect their client base? I would bet that most of the people that whine about the regulation have never made a dime trading forex and are just using it as an excuse. I'd love to see an account statement from someone trading more...
  • #4,523
  • Jan 2, 2010 12:10pm Jan 2, 2010 12:10pm
Quoting wannatradefx
So wait, let me ask this question as a "fanboy" based on what you are saying. I am aware that they were down one day this month for about an hour. I was not affected. It happens. The NYSE and the CME were also both down for about an hour this month. That's part of the world of trading. But that doesn't make the platform unstable, that just means that they experienced a technological glitch, which might or might not have been their fault.

So is that your whole point? That they were down once? Or are you saying that the problem is more systemic?...
I completely agree with challenger78, you should do your home work before you go saying anything about MB Trading and how good they are. My previous post was about error messages I was getting in the journal/log files from running my EA on my live account. It is very apparent that these guys are not a true ECN broker, and are nothing more than smoke and mirrors.

There is no way in hell that I should be seeing error messages like "Trade Context Busy", "Off Quotes", "Common Error", and yes believe it or not "No Connection". The no connection happened on Dec 17/2009 for over 5 mins while my EA was trying to close a trade, and I can assure you that my dedicated server at Go Daddy.com did not lose the connection there, because I called them to make sure.

You would be very surprised if you actually went and checked your journal/log files once in a while and you will find a lot of surprises. I will be moving my funds over to Dukascopy in the next few weeks after I get my EA re-programmed in Java and get hooked up to Dukascopy's API. And I can assure that Justins reply to my first post will be nothing short of a big BS story.
  • #4,524
  • Jan 2, 2010 8:01pm Jan 2, 2010 8:01pm
Quoting forexpipmaster
It is very apparent that these guys are not a true ECN broker, and are nothing more than smoke and mirrors.
  • #4,525
  • Jan 3, 2010 2:20am Jan 3, 2010 2:20am
Quoting wannatradefx
So is that your whole point? That they were down once? Or are you saying that the problem is more systemic? Because I have not experienced the issues that you claim to have experienced.
My point is that it happened a few times to me, and it has been reported by other members too, and I have lost money due to this, which MBT is not interested in compensating for. When it happens to you too, you will think differently. Unless you work for them.

Frankly I dont care what the other exchanges are doing. This is a live business and has to keep up to certain standards. Also it has to compensate losses when it fails to keep to these standards.

And no I am not interested in taking them to the NFA at this stage, it's just not worth the trouble for me. The only reason I post here is to protect other fellow traders.
  • #4,526
  • Jan 3, 2010 3:54am Jan 3, 2010 3:54am
Quoting challenger78
So yes, the live environment is unstable, and does give off quotes, and will be interesting to know why if that was a true ECN. Also, what I typed above serves as a warning to fellow traders who want to put at risk any serious amount of hard earned cash on this unstable environment.

Plus another thing: I have tried pending orders between the spread that sit there and never get hit for whole minutes on active times. In a true ECN these would have been hit. But in MBT they don't. I leave it to the readers intelligence to guess why.

PS: I would appreciate...
So, anyone who disagrees with you is a "fanboy" or works for MB Trading. I have not experienced off quotes either and their "environment" works wonderfully for me. To say it is unstable is disingenuous at best.

Since you're throwing accusations around, my guess is that you work for the bucket shop competition.
  • #4,527
  • Jan 3, 2010 2:34pm Jan 3, 2010 2:34pm
Quoting challenger78
Sadly in one of the cases it was due to the MT4 server going down and for this reason their phone lines where overwhelmed. Took me about 15-20 min to get though, by that time I had lost around 5% of the account due to this MBT fault. I made a claim which they totally ignored. .
Wow ...

... if you had bothered to read through all of the legal documents that you signed when joining with them, you would have understood that you agreed that MB Trading would not be held responsible if unforeseen technical issues (such as servers "going down") impacted your trade(s) in any way. These things will happen from time to time, as MB Trading makes it very clear in the crapload of documents that you signed when applying.

Those who don't agree with this should not have signed up with MB Trading in the first place.

It's pretty damn ridiculous to blame MB Trading for not "honoring" your ridiculous claim when it is obvious you never bothered to understand the agreement that you digitally signed.
  • #4,528
  • Jan 3, 2010 5:01pm Jan 3, 2010 5:01pm
Quoting kibescorp
Wow ...

... if you had bothered to read through all of the legal documents that you signed when joining with them, you would have understood that you agreed that MB Trading would not be held responsible if unforeseen technical issues (such as servers "going down") impacted your trade(s) in any way. These things will happen from time to time, as MB Trading makes it very clear in the crapload of documents that you signed when applying.

Those who don't agree with this should not have signed up with MB Trading in the first...
Every broker has technical issues and downtime. I can't tell you how many times Ameritrade went down for me and I couldn't place a trade. Good luck getting someone on the phone when that happens with any of the big brokers.

My experience with MB Trading has been superb, I use the Navigator and have never had an issue with Forex trading. I've tried the MT4, and like this as well. In fact, I'm planning to move my equities account over to MB Trading because of the good experience I've had with Forex. I like the fact that when I call the support at MB someone answers the phone. I had some questions about MT4 and the guys they transfered me to were very knowlegable. I can't say I've had the same experience at other brokers.

All brokers have techincal issues from time to time, MB Trading's have been minimal to nil in my experience.
  • #4,529
  • Jan 4, 2010 12:04am Jan 4, 2010 12:04am
Quoting Bazuka77
Just for clarity, when I was referring to the possible future reduction (for some again) of Margin or Leverage I was not referring to 100 to 1 , which for me and others is more than enough!...
Even a bank doesn't separate your funds. That's not reality and never will be, nor is it necessary.
  • #4,530
  • Jan 4, 2010 12:05am Jan 4, 2010 12:05am
Quoting forexpipmaster
I completely agree with challenger78, you should do your home work before you go saying anything about MB Trading and how good they are. My previous post was about error messages I was getting in the journal/log files from running my EA on my live account. It is very apparent that these guys are not a true ECN broker, and are nothing more than smoke and mirrors.

There is no way in hell that I should be seeing error messages like "Trade Context Busy", "Off Quotes", "Common Error", and yes believe it or not "No Connection". The no connection...
Now that's funny. So this "5 mins" period where you had No Connection...any chance that was global rollover at 5 pm EST? ROFLMAO.
  • #4,531
  • Jan 4, 2010 12:07am Jan 4, 2010 12:07am
Quoting steve930
So, anyone who disagrees with you is a "fanboy" or works for MB Trading. I have not experienced off quotes either and their "environment" works wonderfully for me. To say it is unstable is disingenuous at best.

Since you're throwing accusations around, my guess is that you work for the bucket shop competition.
Ditto. In all seriousness, I have traded with MB for 4 years, both Nav and more recently Meta. I have had one trade problem and can point to two down times that I was aware of. It ain't the end of the world, and I have to question the motives of someone that thinks otherwise.
  • #4,532
  • Jan 4, 2010 12:09am Jan 4, 2010 12:09am
Quoting hamlet
Every broker has technical issues and downtime. I can't tell you how many times Ameritrade went down for me and I couldn't place a trade. Good luck getting someone on the phone when that happens with any of the big brokers.

My experience with MB Trading has been superb, I use the Navigator and have never had an issue with Forex trading. I've tried the MT4, and like this as well. In fact, I'm planning to move my equities account over to MB Trading because of the good experience I've had with Forex. I like the fact that when I call the support...
Ditto that too. Don't believe the anti-hype. MB Trading is the most solid and trustworthy broker I have worked with, and that's out of about 15.
  • #4,533
  • Jan 4, 2010 2:43am Jan 4, 2010 2:43am
Quoting wannatradefx
Even a bank doesn't separate your funds. That's not reality and never will be, nor is it necessary.
I was referring to Broker segregation of funds, that you obviously know very little about.
  • #4,534
  • Jan 4, 2010 8:11am Jan 4, 2010 8:11am
Quoting kibescorp
Wow ...

... if you had bothered to read through all of the legal documents that you signed when joining with them, you would have understood that you agreed that MB Trading would not be held responsible if unforeseen technical issues (such as servers "going down") impacted your trade(s) in any way. These things will happen from time to time, as MB Trading makes it very clear in the crapload of documents that you signed when applying.

Those who don't agree with this should not have signed up with MB Trading in the first...
As I said before, I am not interested in the legal aspect of the issue, if I was I would be talking to the NFA. Even if there is a small print that makes me legaly wrong and I was to lose the case, I would still have the right to complain for loss caused to me by the technical failure. That's the whole point of having the NFA in case you haven't realised it.

What you need to know is that there are also unwritten laws about quality of service, and these are what determine if the client stays with a company or not, and the reputation of a firm. In my case the amount of compensation I requested was rediculously small, it's what I pay to them in commissions in less than 2 days. It would have only been smart of them to accept their mistake and keep the customer happy and their reputation intact.

So for me, although I liked MBT overall and they are a descent broker, they failed this test of confidence, and as there are other alternatives around, I won't be staying. You have the right to stay as you seem happy, we are all free to choose after all.

I won't continue this discussion, I said what I had to say and I hope I helped some people decide.
  • #4,535
  • Jan 4, 2010 8:32am Jan 4, 2010 8:32am
And the big announcement by mb trading is ....................................................
  • #4,536
  • Jan 4, 2010 9:03am Jan 4, 2010 9:03am
Quoting Bazuka77
I was referring to Broker segregation of funds, that you obviously know very little about.
Actually, I know all about it. And it ain't gonna happen.
  • #4,537
  • Jan 4, 2010 12:48pm Jan 4, 2010 12:48pm
Happy New Year to all. Hope everyone had a great Holiday season. I’m just getting back and settled in.

At long last, we are ready to begin accepting accounts in other base currencies. We will be starting with the Euro and I’m looking for a handful of people to sort of Beta test the process with us. Please email me in private if you are interested in getting started with this. I know a lot of people have been waiting a long time for this. Once we get through one, the rest will come very quickly. Those that email me, I will be getting back to you this week.


[email protected]
  • #4,538
  • Jan 4, 2010 12:56pm Jan 4, 2010 12:56pm
Quoting jleblang
Happy New Year to all. Hope everyone had a great Holiday season. I’m just getting back and settled in.

At long last, we are ready to begin accepting accounts in other base currencies. We will be starting with the Euro and I’m looking for a handful of people to sort of Beta test the process with us. Please email me in private if you are interested in getting started with this. I know a lot of people have been waiting a long time for this. Once we get through one, the rest will come very quickly. Those that email me, I will be getting back to you...
Great news Justin! Long time coming but glad to see it finally happen.
  • #4,539
  • Jan 4, 2010 1:02pm Jan 4, 2010 1:02pm
So where is the big announcement that has been announced for the new year?
  • #4,540
  • Jan 4, 2010 1:11pm Jan 4, 2010 1:11pm
Quoting shrike
So where is the big announcement that has been announced for the new year?
me 2 i thought something more exciting atleast for me ...
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