MB Trading Futures - Introduction | Page 308 | Forex Factory

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MB Trading Futures - Introduction

  • #6,141
  • Jan 7, 2011 1:19pm Jan 7, 2011 1:19pm
Quoting Toothman
If the spread is .8 and commission is $ 2.95 when you open the trade and 2.95 when you close it, what is your effective spread on that trade. Just trying to figure out if you're really saving anything with a broker who's charging commissions.
With a spread of 0.8 pips, EURUSD would have commissions of about another 0.8 pips - for an approximate total of 1.6 pips.

The commission calculations differ depending on the pair traded and the current prices.
  • #6,142
  • Jan 7, 2011 4:31pm Jan 7, 2011 4:31pm
Quoting zznbrm
With a spread of 0.8 pips, EURUSD would have commissions of about another 0.8 pips - for an approximate total of 1.6 pips.

The commission calculations differ depending on the pair traded and the current prices.
zz ,
If thats true than MB's cost to trade is quite high.
  • #6,143
  • Jan 7, 2011 5:31pm Jan 7, 2011 5:31pm
Quoting jleblang
Can you clarify what you mean by "web account"?
when you sign up for demo
  • #6,144
  • Jan 8, 2011 9:57am Jan 8, 2011 9:57am
Quoting PoundTrader
when you sign up for demo
PoundTrader,

We are not just an FX broker. To receive live quotes in a demo account for stocks and futures, your information must be registered with the exchange. It is a short 1-page form with a few fields to get you started, and all of that information is saved so you don’t have to enter it again for account apps and such. Average person takes less than two minutes to get started, not sure what the issue was for you.
  • #6,145
  • Jan 8, 2011 10:19am Jan 8, 2011 10:19am
Quoting jleblang
PoundTrader,

We are not just an FX broker. To receive live quotes in a demo account for stocks and futures, your information must be registered with the exchange. It is a short 1-page form with a few fields to get you started, and all of that information is saved so you don’t have to enter it again for account apps and such. Average person takes less than two minutes to get started, not sure what the issue was for you.
i hope you understand one day
  • #6,146
  • Jan 8, 2011 11:14am Jan 8, 2011 11:14am
mmm waiting 25th Jan ...
  • #6,147
  • Jan 8, 2011 2:43pm Jan 8, 2011 2:43pm
Quoting PoundTrader
i hope you understand one day
Maybe we understand that you're lazy?
  • #6,148
  • Jan 8, 2011 3:07pm Jan 8, 2011 3:07pm
Hey Guys,

We updated our website and there will be a big FOREX announcement January 25th. Stay tuned.
  • #6,149
  • Jan 8, 2011 4:32pm Jan 8, 2011 4:32pm
So you will change my way how i trade forever by the 25th. Good luck with that..
  • #6,150
  • Jan 9, 2011 12:05am Jan 9, 2011 12:05am
Quoting IndyTrader
Maybe we understand that you're lazy?
your stupid
  • #6,151
  • Jan 9, 2011 12:29am Jan 9, 2011 12:29am
Justin,

Hello, I have two questions:

1) Is it true that MB Trading supports Multicharts?

2) I've heard accounts can be denominated in currencies other than USD. Is this true? If it is, how does this work and what other currencies can the account be denominated in?

Thank you for your time.
  • #6,152
  • Jan 9, 2011 3:37am Jan 9, 2011 3:37am
Quoting jleblang
Hey Guys,

We updated our website and there will be a big FOREX announcement January 25th. Stay tuned.
They are probably going to announce that they are raising commissions to double what they are right now in order to compensate for losses after leverage reduction.

If not on 25th then sometime in near future im guessing...

good luck.
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #6,153
  • Jan 9, 2011 3:46am Jan 9, 2011 3:46am
Quoting shrike
So you will change my way how i trade forever by the 25th. Good luck with that..
maybe it is about reduced commissions for limit orders
  • #6,154
  • Jan 9, 2011 8:28am Jan 9, 2011 8:28am
Quoting tar
maybe it is about reduced commissions for limit orders
Different commission for passive/aggressive orders? maybe.. in the end it always comes down to filling customer oders one way or another, i doubt it will be something really revolutionary, there are only so many ways to skin a cat.

Justin, giev hint!
  • #6,155
  • Jan 9, 2011 9:22am Jan 9, 2011 9:22am
Probably official announcement for mobile trading for all platforms ?
and possibly european branch
  • #6,156
  • Jan 9, 2011 9:33am Jan 9, 2011 9:33am
Quoting jleblang
Hey Guys,

We updated our website and there will be a big FOREX announcement January 25th. Stay tuned.
Heard all this before about supposedly big news but most probably it will be a fizzer. As long as you have offices only in the USA with your 50-1 leverage and other CFTC restrictive rules, the rest of the world wont care.
  • #6,157
  • Jan 9, 2011 9:50am Jan 9, 2011 9:50am
Quoting PipStar
Heard all this before about supposedly big news but most probably it will be a fizzer. As long as you have offices only in the USA with your 50-1 leverage and other CFTC restrictive rules, the rest of the world wont care.
In fact because of the CFTC new leverage i am considering US brokers more now !
  • #6,158
  • Jan 9, 2011 11:26am Jan 9, 2011 11:26am
Quoting PipStar
Heard all this before about supposedly big news but most probably it will be a fizzer. As long as you have offices only in the USA with your 50-1 leverage and other CFTC restrictive rules, the rest of the world wont care.

Didn't effect my trading a bit. I'm sure I'm not the only one. In fact I bet the majority of profitable traders could care less if it is 50 to 1, 100 to 1 , or 500 to 1.

If CFTC goes to 10 to 1, which they may well do after they "review" this issue as promised, I might change my tune.

I believe the reason behind this is all about the futures industry trying to capture the market share now traded OTC, and little to nothing to do with "protecting" traders. Protecting traders is just the straw man used to hide their real motive.

I believe the new rules requiring OTC brokers to collect and furnish the CFTC with quarterly reports detailing the percentage of profitable vs. non-profitable traders is an effort to collect data to back up a future move to 10 to 1 leverage.

To head this off, I suggest MB Trading selectively close accounts that trade in an over-leveraged, reckless way and that habitually show negative returns.

The CFTC, under pressure from the futures industry wants MB Trading's market share, and they will get all of it for the futures industry if you give them an inch of rope with which to hang you.
  • #6,159
  • Jan 9, 2011 11:47am Jan 9, 2011 11:47am
Quoting Crassius
Didn't effect my trading a bit....
The futures industry wants MB's market share ?! what ? FX clients money at MB = 33 M $ only ...
  • #6,160
  • Jan 9, 2011 3:09pm Jan 9, 2011 3:09pm
Quoting DrainBamage
Probably official announcement for mobile trading for all platforms ?
and possibly european branch
That hardly sounds like something that would change the way we trade FX. Don't get me wrong, love to see them both, but that would be disappointing if that's all it is. They just released the iPhone app, so the Mobile stuff is clearly coming already.
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