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MB Trading Futures - Introduction

  • #5,981
  • Oct 21, 2010 9:55am Oct 21, 2010 9:55am
Hi Justin
I was had a rough day reinstall windows and MT4 but i would like To thank Mr.Ron from chat support and the guy on trading desk (Sorry don't know his name) Who was so Patience one our phone call to reset my password
And thanks to Justin for his care to answer and help us here

Justin i have one question what all this security you put on the customer account when the trading desk keep ask me alot of question wow i felt like i was going to join CIA OR KGB from all this questions and keep running search for my saved document to answer him
But ended nice with green ++

PS: "Just thought to share my experience today and thank them"
  • #5,982
  • Oct 21, 2010 10:01am Oct 21, 2010 10:01am
Quoting egkid
Hi Justin
I was had a rough day reinstall windows and MT4 but i would like To thank Mr.Ron from chat support and the guy on trading desk (Sorry don't know his name) Who was so Patience one our phone call to reset my password
And thanks to Justin for his care to answer and help us here

Justin i have one question what all this security you put on the customer account when the trading desk keep ask me alot of question wow...
egkid,

Thanks for the feedback, I'll be sure to pass the message along to the guys.
  • #5,983
  • Oct 21, 2010 10:02am Oct 21, 2010 10:02am
Quoting sg_trader
How come dukascopy allows trader to have no maximum lots "per order" while mbtrading allow traders until maximum of 5 million units only?
DUDE. MB doesn't limit you to 5 million units. How many times are you gonna keep saying the same stuff that everyone keeps telling you is wrong? Don't you READ?
  • #5,984
  • Oct 21, 2010 10:02am Oct 21, 2010 10:02am
Quoting sg_trader
How come dukascopy allows trader to have no maximum lots "per order" while mbtrading allow traders until maximum of 5 million units only?
10,000,000 per trade...but close. Which means if you wanted to trade 50mio, you would have to enter five separate market or limit orders.
  • #5,985
  • Oct 21, 2010 10:20am Oct 21, 2010 10:20am
Quoting Fudomyo
http://forexmagnates.com/us-forex-br...ity-comparison


MBT is included, so I thought I'd post this here.

This survey states MBT has just under 5,000 clients with descretionary accounts who have an average profitability of 24%.

Justin, are these number correct?


What surprised me most is how few descretionary accounts there are total, across all brokers.

Also that Oanda outscores the rest of the pack by a large margin...
Fudomyo,

Thanks for the post. Can’t really comment on other brokers specifically. I will say that if you take thousands of traders, the numbers aren’t going to be that different from broker to broker if the measuring stick is the same. There’s no such thing as “5000 traders here and 10,000 traders here and 20,000 traders here and 5000 traders here” that all do the exact same statistically, but 10,000 over here that do twice as well.

Regarding number of accounts for all of the brokers, you said “what surprised me most is how few discretionary accounts” there are out there. Just to clarify. The numbers reported are non-discretionary accounts that were active in the quarter under the US-regulated entity of a broker.

So under that measure, the following are not counted (or shouldn’t be) in that list:

 

  1. Accounts through non-US brokerages for the same broker
  2. Accounts that didn’t trade for the quarter
  3. Managed accounts (including Managed EAs in MT4)
  4. Hedge Funds
  5. Institutional pools

In other words, basically what is being counted in the list is the small, individual retail trader and that’s it. We have an awful lot of EAs running managed on MT4 and a lot of managed accounts in general, plus institutional level stuff. They get drawn to our execution for obvious reasons, but we can’t count them in this number. Granted, there probably aren’t MORE of those accounts than there are retail accounts, but those are the bigger accounts and the people that have a better idea of what they are doing in my experience.

  • #5,986
  • Oct 21, 2010 12:40pm Oct 21, 2010 12:40pm
hi Justin,

Thanks for your reply.

I agree that the percentage differences of successful traders would have to come down to accounting method. There really isn't any other logical explanation for that large an anomaly.

I understand what you're saying about the percentage of retail traders that comprise your total business. I wasn't commenting on the scale or success of MBT. I just would have put the number of retail traders higher in the US.

Cheers


Quoting jleblang
Fudomyo,...
  • #5,987
  • Oct 23, 2010 10:35am Oct 23, 2010 10:35am
the rollover interest is very bad contrasted to any other brokers when you hold your position overnight.
  • #5,988
  • Oct 25, 2010 7:31am Oct 25, 2010 7:31am
so you're in a eur trade stop limit order 14019-14017 respectively

price falls then jumps to 14012

order never filled

quite common

even if the stop limit order is a spread of up to 8 points
  • #5,989
  • Oct 25, 2010 12:36pm Oct 25, 2010 12:36pm
MBT Desktop Pro Basic Training

This training will go over the basic functionality of the MBT Desktop Pro platform. The topics will include set up, overall features, preferences, basic order entry, and a question and answer session.

MBT Desktop Pro Advanced Training

This webinar will train you on the advanced features of the MBT Desktop Pro in regard to Forex. The topics will include advanced preferences, advanced order entry, and charting options. It will be followed by a question and answer session.

NEW! Weekly Upcoming Economic Event Review

In preparation of the trading week ahead, llian Yotov from allthingsforex.com will explore how the upcoming week’s important economic data could impact the USD, the EUR and other currency majors. This new webinar series will be held each Friday at 11:00 AM EST.

MBT Desktop Pro Charting

This training will go over the features and functionality of the MBT Desktop Pro platform in regard to charts. The topics will include set up, preferences, order entry from the chart, studies, and plugins.

MBT Research

This webinar will train you how to use MBT Research in conjunction with the MBT Desktop & Desktop Pro. There will be training on the basic features of MBT Research tools, resources, and support for all market classes.

Register or view complete schedule here
  • #5,990
  • Oct 27, 2010 8:25pm Oct 27, 2010 8:25pm
Group:

New upgrades to the MBT Desktop and MBT Desktop Pro platforms are now available. These releases include more than 100 improvements, bug fixes, and requested items from our customers via the MBT Idea Exchange. http://www.mbtrading.com/mbt/_common/images/spacer.gif

MBT Desktop Pro version 1.2.0.12 includes improved default toolbars and buttons, various tick intervals for charts, a variety of new color and display options, additional formula variables for trade scripts, and much more. Customers can download this latest version manually here, or you will be prompted to upgrade the next time you log into your existing MBT Desktop Pro software. A complete list of Release Notes can be found here.
  • #5,991
  • Oct 28, 2010 12:32am Oct 28, 2010 12:32am
Quoting jleblang
[color=#282828]Group:

New upgrades to the MBT...
But why MBT still needs MT 4 or 5? then?
  • #5,992
  • Oct 29, 2010 2:22pm Oct 29, 2010 2:22pm
Hi Justin,

I have a couple of questions if you dont mind.

1. I have a forex account with MBT and I am thinking about opening a Stocks trading account with MBT. How easy and fast is it to transfer funds between forex and stocks account? Will I need to send you some kind of documents every time I move funds or can it be easily done online? Is there a minimum amount that must be constantly on stocks account?

2. Is information on the Level 2 screen for stocks real and real time or is it some artificially made feed?

3. Great Britain is missing from the list of countries for stock accounts. Is it true? If it is, what is the reason?

4. Do you have any news/updates on the development of your mobile platform?

Thanks in advance for your answers!
  • #5,993
  • Oct 31, 2010 6:31am Oct 31, 2010 6:31am
Correction, question 2 was about level 2 on demo account for stocks
  • #5,994
  • Nov 2, 2010 2:41pm Nov 2, 2010 2:41pm
Quoting DrainBamage
Hi Justin,

I have a couple of questions if you dont mind.

1. I have a forex account with MBT and I am thinking about opening a Stocks trading account with MBT. How easy and fast is it to transfer funds between forex and stocks account? Will I need to send you some kind of documents every time I move funds or can it be easily done online? Is there a minimum amount that must be constantly on stocks account?

2. Is information on the Level 2 screen for stocks real and real time or is it some artificially made feed?

3. Great Britain is missing...
Drain,

Sorry for the delay, I never got a notice about this post.

1. Unfortunately, its required that you withdrawal your funds to transfer them between FX and EQ. Internal transfers are only available for FX to FX accounts or EQ to EQ accounts.

2. Real-time data.

3. We don't accept accounts from Great Britain at this time.

4. Only update I can provide is "coming soon" - I've seen the current version and it is very sharp. Should have more information in coming weeks.
  • #5,995
  • Nov 2, 2010 4:13pm Nov 2, 2010 4:13pm
Thanks Justin. I am very surprised about accounts from GB, especially since you accept applications from the rest of EU and you also accept forex application from GB. Why is GB so different and do you have any plans to change that in the near future?
  • #5,996
  • Nov 3, 2010 11:16am Nov 3, 2010 11:16am
Quoting DrainBamage
Thanks Justin. I am very surprised about accounts from GB, especially since you accept applications from the rest of EU and you also accept forex application from GB. Why is GB so different and do you have any plans to change that in the near future?
Not sure...but as we move forward with offices out of the country I'm sure we can accommodate.
  • #5,997
  • Nov 3, 2010 11:17am Nov 3, 2010 11:17am
Group:

We are looking for a second round of euro-based MT4 clients....whose coming with me? Email me at [email protected] and I'll get you set up.
  • #5,998
  • Nov 3, 2010 5:08pm Nov 3, 2010 5:08pm
Quoting jleblang
Drain,

Sorry for the delay, I never got a notice about this post.

1. Unfortunately, its required that you withdrawal your funds to transfer them between FX and EQ. Internal transfers are only available for FX to FX accounts or EQ to EQ accounts.

2. Real-time data.

3. We don't accept accounts from Great Britain at this time.

4. Only update I can provide is "coming soon" - I've seen the current version and it is very sharp. Should have more information in coming weeks.
Hi Justin:
You mentioned transfers are available from FX to FX, can you transfer from navigator to mt4 or do you have to open another account in mt4? Thanks for you help.

Jim
  • #5,999
  • Nov 4, 2010 12:08pm Nov 4, 2010 12:08pm
Quoting bigjim1958
Hi Justin:
You mentioned transfers are available from FX to FX, can you transfer from navigator to mt4 or do you have to open another account in mt4? Thanks for you help.

Jim
Jim,

MT4 and Desktop accounts are two separate accounts, however you can easily move funds between the two using our internal transfer forms.
  • #6,000
  • Edited 3:50pm Nov 4, 2010 12:14pm | Edited 3:50pm
Friday 11.5.2010: Weekly Upcoming Economic Event Review

In preparation of the trading week ahead, llian Yotov from allthingsforex.com will explore how the upcoming week’s important economic data could impact the USD, the EUR and other currency majors. This new webinar series will be held each Friday at 11:00 AM EST.

Register Here

Also, don't forget to check us out on YouTube for an in-depth look at MT4 with ECN vs. MT4 with other brokers.

"What I like about these MB Trading videos is that they show screenshots of what their backend looks like. You’ll notice for example, how they can control limit / stop levels. They have it set to zero. This is how easy it is for brokers to change how close a trader can enter a pending order to current price. There are many other parameters and settings they show you. I think it’s important for all traders to have an idea of how brokers can flick things in an instant." - forexmagnates 10/12/2010
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