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MB Trading MT4 ECN Update

  • #1
  • First Post: Jun 5, 2009 11:42am Jun 5, 2009 11:42am
Everyone-

On Tuesday June 9th, probably around 12 pm EST, the online application for MetaTrader will be open once again for applications for a couple of days.

There are a couple of things that you need to know if you are going to fill out the application while it is open.

 

  1. You will have to sign a Beta Testing Agreement before you will be allowed to fund your account and trade.
  2. You will need to fund this account within 5 business days of account approval or we will be closing the account until we are out of Beta.

Those that are Beta testing for us will receive a rate of $3 per $100,000 while in Beta testing. Also, you will be able to just continue to use that account once the Beta has ended. Please note that Nav accounts and Meta accounts are not compatible at this time, so if you presently have a Nav account, you are going to have to open a separate account for MetaTrader. You can move money between Nav and Meta accounts same day with one form.

Finally, if you plan to run EAs in this account, please be sure that you have read about the differences between deal desk MetaTrader and ECN MetaTrader here:

http://www.mbtrading.com/metaTrader4Differences.aspx

And our FAQ here:

http://www.mbtrading.com/metaTrader4FAQ.aspx

And also, we highly recommend that you test your revised EAs in our Demo environment first.

Have a great weekend.

  • #2
  • Jul 8, 2009 8:46am Jul 8, 2009 8:46am
Anyone here tested their mt4 platform? any feedback please? any time frame on when mt4 of mb trading will go live?
It has been a while, either they are doing their jobs well or not much interest/resources for this project

Thanks
  • #3
  • Jul 23, 2009 8:05pm Jul 23, 2009 8:05pm
Quoting ngson99
Anyone here tested their mt4 platform? any feedback please? any time frame on when mt4 of mb trading will go live?
It has been a while, either they are doing their jobs well or not much interest/resources for this project

Thanks
Actually, they have already gone live with either 300 or 3000 clients that asked to go live. It was done on case-by-case basis. So far tech support said that the live environment is tradable enough to have those clients stay on it. So you can ask them for a live MT4 acct and see what they say.

I went back and re-tried their beta. I can confirm that their beta is a bit more stable.
Measure trends automatically with zero lag
  • #4
  • Jul 23, 2009 8:10pm Jul 23, 2009 8:10pm
Quoting ngson99
Anyone here tested their mt4 platform? any feedback please? any time frame on when mt4 of mb trading will go live?
It has been a while, either they are doing their jobs well or not much interest/resources for this project

Thanks
I am on it now in the Beta. Working fine. I have not run into any issues, but it is a BETA - hence you should expect some.

I think it is getting pretty close to being done. It is just a personal opinion though, not MBT's.
I'm pretty much done with all this ...
  • #5
  • Jul 24, 2009 11:56am Jul 24, 2009 11:56am
Hi Guys,

MT4 is still in Beta as users mentioned above; at this time we are waiting on final clarification from the NFA regarding FIFO and then we will have more updates to provide for you.
  • #6
  • Jul 25, 2009 11:07am Jul 25, 2009 11:07am
Quoting jleblang
Hi Guys,

MT4 is still in Beta as users mentioned above; at this time we are waiting on final clarification from the NFA regarding FIFO and then we will have more updates to provide for you.
Final clarification? Isn't it a little late for final clarifications? You should already have something in the works, if not complete already. You had quite a while to test several strategies.

It's only a week away and other USA nfa brokers have already presented their compliant solutions. I am disappointed that mbtrading is literally waiting until the last minute to implement.
Measure trends automatically with zero lag
  • #7
  • Aug 6, 2009 10:27am Aug 6, 2009 10:27am
Justin,
One for you. When I enter a market order, it flashes a order acceptance message briefly and then it comes back and says "Off quotes" and the order does not go through (on the demo). Never seen this before. What do I do? Nothing seems to be available on this with the links you have posted above.
Frank
FrankieB
  • #8
  • Aug 6, 2009 11:39am Aug 6, 2009 11:39am
Quoting Frank Basten
Justin,
One for you. When I enter a market order, it flashes a order acceptance message briefly and then it comes back and says "Off quotes" and the order does not go through (on the demo). Never seen this before. What do I do? Nothing seems to be available on this with the links you have posted above.
Frank
Frank -

Are you referring the Nav or MT4?

MT4 is going through some rigorous testing right now, but if its the Nav I'll have to look into this for you.
  • #9
  • Aug 7, 2009 3:26am Aug 7, 2009 3:26am
Justin,
It was the MT4 build 225, version 4. Happened last night. First time I have tried to execute orders on the demo.

Just tried it again and same result.
Frank
FrankieB
  • #10
  • Jan 15, 2010 4:22am Jan 15, 2010 4:22am
"Account disabled" and off-quoted on demo. Doesn't meet my expectaions at least.

Anyone traded a live account with more than 10k $ using their mt4 ?
Measure twice, cut once
  • #11
  • Jan 18, 2010 8:56am Jan 18, 2010 8:56am
Quoting aediaz1
"Account disabled" and off-quoted on demo. Doesn't meet my expectaions at least.
I am tried MB Trading ECN Metatrader demo before sign up for live.

Claiming as broker with low spread and low commission is very interesting to give a try.

But got same result, account disabled and off-quoted on demo.

Contacted MB Trading support by email about this issue 3 weeks ago, they did not respond anything until now.

Makes me doubt and have a bad feeling on MB Tading.
  • #12
  • Jan 18, 2010 10:15am Jan 18, 2010 10:15am
Quoting wieb
I am tried MB Trading ECN Metatrader demo before sign up for live.

Claiming as broker with low spread and low commission is very interesting to give a try.

But got same result, account disabled and off-quoted on demo.

Contacted MB Trading support by email about this issue 3 weeks ago, they did not respond anything until now.

Makes me doubt and have a bad feeling on MB Tading.
Please use our contact page and hit MT4 Support Chat, give them your demo account number and they will activate you immediately. Any problems email me directly at [email protected]
  • #13
  • Aug 1, 2010 3:23pm Aug 1, 2010 3:23pm
Hi Justin

Is there any maintainance fee for opening Forex account (500 dollars)

I was unable to understand the following on MBT website in misc fee tab of forex:

Account Setup fee: $50
Annual Recordkeeping fee:

Option One: Fees based on Number of Assets
- $250 per asset, per year, fee is paid when the asset is acquired.
- For example:
An account holding one asset = $250 per year
An account holding six or more assets = $1,500 per year
or
Option Two: Fees based on Asset Value of Account

Thanks
Jill

  • #14
  • Last Post: Aug 2, 2010 12:51am Aug 2, 2010 12:51am
Quoting jillsaab
Hi Justin

Is there any maintainance fee for opening Forex account (500 dollars)

I was unable to understand the following on MBT website in misc fee tab of forex:

Account Setup fee: $50
Annual Recordkeeping fee:

Option One: Fees based on Number of Assets
- $250 per asset, per year, fee is paid when the asset is acquired.
- For example:
An account holding one asset = $250 per year
An account holding six or more assets = $1,500 per year
or
Option Two: Fees based on Asset Value of Account

Thanks
Jill

I'm sure Justin will reply, but I remember this page http://www.mbtrading.com/forexMiscFees.aspx

If you look right before this text, it is specifically referring to Forex IRA Account Setup & Maintenance Fees. Meaning the text quoted above is for IRA accts only.

Perhaps a thin 1 pt border around these paragraphs would have made it more clear. or indentation, or mentioning "for forex IRA accounts only."

So for all other accounts, only the regular commission rates, wire fees, etc apply.
Measure trends automatically with zero lag
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