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MB Trading Futures - Introduction

  • #5,261
  • Edited 8:47pm May 12, 2010 7:46pm | Edited 8:47pm
Is mbt really an ECN? if so then why the GBPUSD spread is at 1.9pips most of times??? This is unrealistic.

That means MBT take profit from commission and spread !!!

I check with FXPRO, it is market maker, and calculating between them MBT is more expensive! and mbt commission is 2.95 per side == 5.9 open and close of base currency, not us dollar, so if we trade GBPUSD when it is at 1.5000 then the commission is about USD $9 !!! That i think is too expensive considering the spread is not better than a Market Maker like FXPRO that dont have any slippage on stop loss unlike ECN.

Please correct if wrong
  • #5,262
  • May 13, 2010 3:37am May 13, 2010 3:37am
I was wondering I know there was a delay in the past in crediting funds to customers accounts due to being understaffed in the cashiering department. Has that problem been solved? I ask because I sent a bill payment deposit to arrive on the 11th, but it hasn't been credited.
  • #5,263
  • May 13, 2010 9:43am May 13, 2010 9:43am
Quoting kalparker
I was wondering I know there was a delay in the past in crediting funds to customers accounts due to being understaffed in the cashiering department. Has that problem been solved? I ask because I sent a bill payment deposit to arrive on the 11th, but it hasn't been credited.
Did you send in a check? If so, there is typically a ten business day hold. If it was wire - email me at [email protected] and I'll check on it for you right away.
  • #5,264
  • May 13, 2010 9:57am May 13, 2010 9:57am
You are more than welcome to trade with FXPRO if you don't like what MBT offers. You and only you can make that choice. Good luck.


Quoting asalada
Is mbt really an ECN? if so then why the GBPUSD spread is at 1.9pips most of times??? This is unrealistic.

That means MBT take profit from commission and spread !!!

I check with FXPRO, it is market maker, and calculating between them MBT is more expensive! and mbt commission is 2.95 per side ==...
  • #5,265
  • May 14, 2010 8:04am May 14, 2010 8:04am
don't know if this has been asked before. i have a new computer with windows 7. i had xp before. everytime i open my mt4 demo trader, i get my main chart that i have saved, but i also get 3 other charts that are not opened but on the toolbar. i have to close them each time so i can see the time. i have saved my chart without them, but they always are there when i start up the program. i have asked on how to get rid of them, but the suggestion of removing the program and re-installing it is a little harsh. i did a right click on the chart and wondered if changing the "default" has anything to do with it?? looking for any suggestions. thanks.
  • #5,266
  • May 16, 2010 1:23pm May 16, 2010 1:23pm
Quoting jleblang
Group:

Anyone looking for Desktop & Desktop Pro accounts in EUROs...remember this is now available.

Please email me at [email protected] if you are interested.

(This is not for MT4 accounts)
Any word on when accounts in CHF will be available?
  • #5,267
  • May 17, 2010 4:48am May 17, 2010 4:48am
I plan to have an account with MB but they don't use Paypal , I am Asia which Paypal is fast and easy option, any idea ?
  • #5,268
  • May 18, 2010 1:43am May 18, 2010 1:43am
Quoting goldpoll
I plan to have an account with MB but they don't use Paypal , I am Asia which Paypal is fast and easy option, any idea ?
Wire funds. That's my idea.
  • #5,269
  • May 18, 2010 2:27pm May 18, 2010 2:27pm
Quoting 24HourTrader
Any word on when accounts in CHF will be available?
Not at this time.
  • #5,270
  • May 18, 2010 2:28pm May 18, 2010 2:28pm
Quoting goldpoll
I plan to have an account with MB but they don't use Paypal , I am Asia which Paypal is fast and easy option, any idea ?
goldpoll,

Wire, ACH, or Check.

Best option is probably Wire.
  • #5,271
  • May 18, 2010 8:03pm May 18, 2010 8:03pm
Anyone else having login problems?

I called to make sure I don;t have open orders, but forgot to ask what just happened that I cant login.
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #5,272
  • May 19, 2010 9:56am May 19, 2010 9:56am
I'm sorry for posting recently only bad news, but since 2 days MBT has the worst spread in forex indrustry... Unbelievable...
  • #5,273
  • May 19, 2010 10:51am May 19, 2010 10:51am
Since 3 months of using mbtrading mt4 I am already dissapointed

- market orders open and close at anyprice "around" your execution. That means if mbtrading "hangs" while closing your order ( I really try to believe that it does not wait to match my orders, stating its true ECN ) your order after a good 5-10 seconds can close anywhere in beetween

- the same with stop loss orders. The problem is that its stored as an alert on mbtrading servers. If the price reaches your s/l only then does it try to "find" a price to close it. This means sometimes slippages of around 2-5 pips.

- not to mention missing bars in charts
  • #5,274
  • May 19, 2010 11:11am May 19, 2010 11:11am
Quoting pavikogm
Justin, I'm sorry, but MT4 with MBT is getting worse every day. I'm tired of tracking bugs, reporting them, explaining without being resolved. Nobody believes... Do you have some qualified test of software before going to the production envoironment. Today partial order fills with MT4 are messed up. 2 times I had partial fill but when it occured the other part of the order (not executed) just where lost !!!
eg:
1. Sell limit 1.0, partial fill 0.25 (!!!), 0.75 was lost - no pending order left
2. Sell limit 1.0, partial fill 0.1, 0.9 was lost -...
Quoting Ulterior
Since 3 months of using mbtrading mt4 I am already dissapointed

- market orders open and close at anyprice "around" your execution. That means if mbtrading "hangs" while closing your order ( I really try to believe that it does not wait to match my orders, stating its true ECN ) your order after a good 5-10 seconds can close anywhere in beetween

- the same with stop loss orders. The problem is that its stored as an alert on mbtrading servers. If the price reaches your s/l only then does it try to "find" a price to close it. This means...
I'm not trying to pick a fight, but.....

Moral of the story:-

You get what you pay for.

MT4 is junk!

I've used MBT for many moons and have never had any problems that are worth mentioning.

Keep up the good work guys, Nav rocks!

PS Get rid of MT4, it's destroying your reputation.
  • #5,275
  • Edited 11:27am May 19, 2010 11:11am | Edited 11:27am
Quoting pavikogm
I'm sorry for posting recently only bad news, but since 2 days MBT has the worst spread in forex indrustry... Unbelievable...
whoa. whoa. whoa. whoa.

"worst spread in forex industry" - that is a wild claim. Maybe not the tightest...but the worst?

Take a look at this screen shot from www.fxintel.com. (MB is the Orange line..FYI)
Attached Image
  • #5,276
  • May 19, 2010 11:18am May 19, 2010 11:18am
Quoting jleblang
whoa. whoa. whoa. whoa.

"worst spread in forex industry" - that is a wild claim. Maybe not the tightest...but the worst?

Take a look at this screen shot from www.fxintel.com. (MB is the Orange line..FYI)
Justin-

I can't even believe you replied to that one. I was sitting here reading his post and staring at the EURUSD flash between 0.6 and 0.9 pips and just laughing.
  • #5,277
  • May 19, 2010 11:22am May 19, 2010 11:22am
Quoting jleblang
whoa. whoa. whoa. whoa.

"worst spread in forex industry" - that is a wild claim. Maybe not the tightest...but the worst?

Take a look at this screen shot from www.fxintel.com. (MB is the Orange line..FYI)
I have seen today a spread of 9 pips in EURUSD during a few seconds, at 10:45 EST exactly, and also delayed orders with Metatrader.

I agree with angus that MT4 is destroying your good reputation, I'm switching to Navigator. Anyways it seems that today there are problems with all forex brokers...
  • #5,278
  • May 19, 2010 11:23am May 19, 2010 11:23am
Quoting angus
I'm not trying to pick a fight, but.....

Moral of the story:-

You get what you pay for.

MT4 is junk!

I've used MBT for many moons and have never had any problems that are worth mentioning.

Keep up the good work guys, Nav rocks!

PS Get rid of MT4, it's destroying your reputation.
Thanks Angus.

(Nav is the Desktop for all those unfamiliar)
  • #5,279
  • May 19, 2010 11:32am May 19, 2010 11:32am
Quoting Trad3r
I have seen today a spread of 9 pips in EURUSD during a few seconds, at 10:45 EST exactly, and also delayed orders with Metatrader.

I agree with angus that MT4 is destroying your good reputation, I'm switching to Navigator. Anyways it seems that today there are problems with all forex brokers...
What I don't understand is...unless you have some old school EAs, what is the point of using MetaTrader versus Desktop, which is clearly the superior platform out there. The order types that are built in should be a dream for any trader, and you can program systems straight to it. I have used MT4 in the past and I have an MB account for it (and one for Desktop/Nav). I don't experience many problems in MT4, but Desktop/Nav is clearly the better platform for traders.

As for spreads, I haven't seen anything wide at all.
  • #5,280
  • May 19, 2010 11:34am May 19, 2010 11:34am
The moment I saw wider spreads I knew these posts are going to flow in.
Guys, have you seen what's going on in the markets lately??? It's market-wide, not confined to MBT. We have seen this again and again and will see it in the future.

The only reason market makers keep their spreads tight is because they are the ones quoting the price. If I was a MM I would quote 0 spread because statistically vast majority of retail traders fail so I would pocket your losses.

Quoting pavikogm
I'm sorry for posting recently only bad news, but since 2 days MBT has the worst spread in forex indrustry... Unbelievable...
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