MBT or Pfgbest?

I can tell you from my own experience with PFGBEST,
I recently signed up with them after a long search and investigations,
what I have seen so far about pfgbest is they are an awsome broker,
certanly one of the few best and most honest ones out there,
and that goes for MB too, they have both been around the block many years,
MB and PFGBEST are probably the 2 greatest brokers on the planet,
what it goes for honesty security support, stability
they both will provide that, and I feel my money is safe with either one of them,
both MBT and PFGBEST have just 50:1 leverage because of some idiotic law,
I do hope it will change in the future, and if it is getting 1 pip lower, Im gone from either one of them,
anyhow, ECNs cant go much higher than 100:1, but I take 50:1 for now,
atleast that is better than any bucketshop offering 1000:1
OK, MBT is rebooting their servers every day, so if that is to be consider'd stable I don't know
but they are certanly doing it to keep their servers remain stable, it only last for 5 minutes though.
and I have not seen any unstability more than that. it's no big deal,
both is true ECN and they won't mess with your trades at all,
I would say MB is the best for now though, atleast for me.
the amount of education material both of them give you free just keep piling up,
you can join all sorts of webinars and they can really educate you to become a better trader,
I guess that is worth something too, pfg is hauling it over your head in bucketloads,
while on MB you have to poke around on their site and sign up for it,
they don't send so much emails and informing you about this,
you'll have to find it your self at their website,
but they have the same amount of stuff as pfg,
PFG have a more agressive advertising about it, which is great,
I get atleast one email a day, asking me if I want to join a webinar.
or some other education, awsome education and information at pfgbest.
OK enough of that, the main and most important difference between MBT and PFGBEST
is that MBT have alot more friendly spread and commission,
if you have a lot of money it might not mean much to you,
and it also mean less if you do more long term positions,
however if you are like me, a beginner and you don't have 100000 in your acount,
and you are scalping, 50+ small trades a day,
PFGs wider spread and higher commission will hurt you,
so I guess their wide spread and high commission is the only negative thing I have to say about PFGBEST
and that was a bit disapointing, and it draws this great broker down a notch,
if they both had the same spread and comission I would go with PFG in a heartbeat,
just for the fact of the enourmous amount of information material and their liquidity,
they are a very big company with great backers,
hovever, I decided to move my money to MB,
just signed up with them last weak,
sorry PFG, I love you but your spread is just to high atm,
as I see it, MBs spread and comission is hard to beat,
atleast what I have seen in their Demo,
I just deposited yesterday so I have not gone live yet with MBT
but I think the demo is showing the comissions and spreads correct,
for a scalper it must be the ideal broker to go with,
and now they are even paying you money for using limit orders,
if you are a scalper like me, you will definitely earn more money at MB,
if you don't have so much money, and is a beginner, and or is a scalper,
MB Trading is your best bet, I have no doubt about that,
as a beginner the better spread and comission will mean a lot to you
because it means you will not loose as much when your trade goes the wrong way,
example, if you buy 1 lot EURUSD at MB you are down 1.30 and the comission is 0.40,
at PFG best you are more down like 3.00 and plus the comission 1 dollar,
ofcource you can't messure them like this because the spread is variable and is allways changing,
but it gives you an idea as if you would execute one trade at MB and PFG simultaniously this would be a simular result,
and don't forget you will have to pay comission when you sell too,
another plus for people with small bankrolls is at MB is that you can trade minilots 10.000,
you can not do that on PFGBEST thay have minimum 1 lot a 100.000,
in PFG MT4 platform it says 0.10 in the order window, but it's not!
this is a little confusing to say the least! it is bad PFG couldn't fix this in their MT4 platform, but however,
they have plenty of platforms to choose from,
in PFG MT4 0.10 means 1 lot, this is not the case at MB where it is shown correct.
I think you can't go wrong with MB, just for the fact that for a real ECN broker their spreads is the best,
I have not seen anyone match their spread or even come close,
if you want even tighter spreads you'll have to go with a bucket shop, but I wouldn't recommend it

Christ, you must have a lot of time on your hands. It would help to be a little more concise and write in a way that is easier to read.

You'd have to first try every broker on the planet to decide that.

MBT has, in my experience, been a very decent broker and if you decide to go with them, I can tell you go ahead. Nice trading conditions, well-regulated, good reputation, and their customer support is one of the best in the business. As for PFG, I have never tried them and so I cannot comment, but they do seem to be of the serious/reliable kind. Generally, MBT seems more popular though.

Best of luck.

well,I did allmost, LOL and I mean ECN brokers, MMs is not worth the brooker status if you ask me, there aren't so many ECNs out there.
I do have a lot of time, sorry about my writings, I guess Im not that good at it,

Agreed. I see almost all brokers claiming to offer ECN accounts these days, but I believe only a few are true ECNs.

Can you tell there names, please.

Well I can only give some examples:

IB (Interactive Brökers), LCG, MB Trading, PFGBest, Dukascopy/HotspotFX.

I am looking into MBT after they offered paid limits and because Oanda has widened their spread. The best I can get with Oanda lately is 1.1/1.3 pips but check out these prices on MBT one hour after NY close. MT4 is great for charting but next to useless for dast ordering - does any one have experience with their other platform? I want a set tp, stop and ordersize from a single click or two like I get with Oanda

I like MBT...I'm using it...

(I assume you mean "fast" order entry)

Actually you don't have to place orders manually in MT4, which could be slow. You can instead write scripts in MT4 that are programmed to send specific orders with your pre-determined MM rules. You can then assign the scripts to hotkeys, thus allowing you to place your orders at a press of a button. For example, you can write a script that places a buy order with TP at 40 pips away and SL at 20 pips away, and a risk of 2% (lot size automatically calculated), then assign a hotkey so you can place such order at a press of a button - something you can't do with Oanda's web platform.

Alternatively, you can use their proprietary platform (MBT Desktop). I don't use it so I'm not familiar with it to be honest, but I know that it allows using hotkeys for placing orders.

If you're a programmer, you have another great possibility outside of MT4. Check out their MBT SDK which they provide for free. It's like having an API access for free, which is simply fantastic. This means that you can write your own order entry commands (using a COM-compatible language) without having to rely on any platform.

This sounds great, I am not a programmer but I will look into having the code written for me in the future

Thank you everyone for all your wonderful information.

I called MBT but they do not do spot silver, but they said they were thinking of adding it not sure when though. Otherwise I would like them a lot.

I think I am going to change my strategy a bit after doing a lot of reading there is a lot I need to learn so I am thinking of going with a smaller account, which means I need a broker that does smaller lot sizes to start with. After talking to a few brokers they all told me that the demo's are never like the live accounts so I want to start off smaller like maybe $5000 account. It is just you need a good amount to trade the metals.

I did sign up with the PFG demo account but it was on Friday so I have not had the chance to try it yet. I thought I had read they do smaller lots but roughtrader said they do not so I will have to check make sure they do before signing up with a live account.

If you guys have anymore Brokers that I should think about I would appreciate it. As now my criteria has changed with doing a smaller account and needing a smaller lot size.

Thanks again for all of your help you have all made me feel much better on the Broker front.

here is some more examples, ADM Derivatives, seem to have some troubble with their website atm, but I know they are a huge trusted company, they offer most insitutional but private acounts too, you have to email them for a demo, Divisa capital, ATC brokers, I tried ADM's and Divisa's demo, they seem good, execution is milliseconds they use currenex, haven't tried ATC but they come highly recommended, ofcourse these are real ENC brokers, if anyone have these as their broker please give us your experience, about comissions and fees ,etc before you sign up with anyone chack if they are listed at cashbackforex.com, if your broker is listed you it may be possible for you to get a part of your paid comissions back if you sign up to your broker through them, just found out about them a little to late, already registerd, whata bummer, they come recommended at forexpeacearmy anyone is using them?

ATC Broker is a IB for fxcm.

I do trade pfg fx. no problem with a 10k lot! So no 100k as minimum!
But look out for the costs per trade. When having a triggerfinger, it costs a lot.
Also look out for there spreads. Looks quit nice (currenex) but at a bit volatility you throw your win away at trading market..
Got several times to wait 2 a 3 seconds for having a sell at market! .....seeing my win deminishing to almost zero. (Think again Currenex....!)
They do have a nice working DOM, (only to forex without a trailing stoploss.)

PFG has it's own liquidity pool first to trade..and after that goto markets.

Thanks for the info

i traded with there MT-4 ECN and they paded the spreads a little bit and charge COMM so it was a little to high for a claim MT-4 ECN.

I have only tried the MT4 platform yet, maybe it is possible in currenex ,but it isn't on the MT4 platform, all 0.10 lots where to my suprice indeed 1 full lot, I know because I have compared it to Mb tradings MT4 and I tested by executing at the both platforms at exact same time (EUR/USD) I can tell you the difference is huge, on mbt mt4 Im under -0.90 and on the pfg Im under more than -3 dollars, I know their spread is higher but there is just no way that is a 0.10,
I get under 3 on mbt if I buy a full 1 lot! in fact it is about -1.30

I have traded with both. PFG since 1999, and MB since 2007.

PFG is one of the oldest and most respected futures brokers in the world. This places it leagues ahead of any bucket shop. They are highly regulated. I have not traded live forex with pfg aside from their demo mt4, but if they don't have mini lots, I will not use them for that.

MB... good for smaller bank rolls, I like the mini lots. You can adjust your risk on every trade to conform to your account.
That roll over is quite a pain and must always be accounted for, especially if you trade asia and australia session. (read lame).

Thanks for the reply
I started this thread for some time ago,
at the time I decided to go with PFGBest but changed my mind
and went with MB Trading,
I never did try out PFGBest more than their demo,
all I can say, it probably would have been the better choise,
Im not using MBT now,
Im using several european brokers now which Im trading simultaniously,
the low leverage the us brokers offer these days does not longer apeal to me,
if PFGBest would be rising their leverage some day
and also lowering their spread,
I might be tempted to opening with them.