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MB Trading Futures - Introduction

  • #6,641
  • Mar 2, 2011 8:17am Mar 2, 2011 8:17am
Quoting LocoGuy
Hi, And I have a couple question:

1. For what account time I should search on your website to find ECN Account? (Can you give me the link) I spend 10 minutes on the website, can't find.

2. What is minimum deposit for ECN account?
3. What spread do you provide for EURUSD on ECN accounts?
4. What is commission per round turn?

Thanks in Advance!
I can answer those.

1- The account you open is automatically ECN since MBT is an ECN broker.
2- Pretty sure it's $400.
3- Look on their website for the latest Forex spreads of the major pairs.
4- It's on their website.
  • #6,642
  • Mar 2, 2011 10:04am Mar 2, 2011 10:04am
Quoting tomlee
Hello Justin,
Just a question regarding the "paper trading".
I have a live account and I would like to have another one but as "paper trading" (but better than the current demo).
I would like use it with MultiCharts software.
Could you, please, help me with that ?
Regards,
tomlee,

Simply fill out the additional account request form and we should be able to provide you with a second account within 24-48 hours.
  • #6,643
  • Mar 2, 2011 10:11am Mar 2, 2011 10:11am
Quoting LocoGuy
Hi, And I have a couple question:

1. For what account time I should search on your website to find ECN Account? (Can you give me the link) I spend 10 minutes on the website, can't find.

2. What is minimum deposit for ECN account?
3. What spread do you provide for EURUSD on ECN accounts?
4. What is commission per round turn?

Thanks in Advance!
Loco,

1. All FX accounts receive the same treatment with no deal desk and ECN execution. To get started, click on the "Get Started Now" button and follow the steps to complete your registration and live account.

2. $400 is the min deposit

3. EURUSD average spread is .8 pips. Click here to see our spreads.

4. If you use a non-marketable limit order, we will pay you 1.95 per 100k. Routing fee for all other orders is 2.95 per 100k. You can learn more about our pricing here: Routing Fees
  • #6,644
  • Mar 2, 2011 10:16am Mar 2, 2011 10:16am
Quoting signorx
May I ask how many active forex clients has MB Trading?
Depends on your definition of "active". If you mean accounts that placed a trade, than per the NFA's quarterly broker profitability report, in the fourth quarter of 2010 we reported 4,500 accounts that placed a trade.
  • #6,645
  • Mar 2, 2011 10:17am Mar 2, 2011 10:17am
Quoting Trankuility
Justin,

Does a profit target in Multicharts get paid for being a limit order?

When I open the Order and Position Tracker window in MC it lists the profit target as a limit order. However, there isn't a column displaying commissions. So I'm not sure if they get paid in MC or not.

Thanks.
Trankuility,

Yes, as long as your limit order via Multicharts follows the non-marketable rule, than you will receive payment for the limit order. You can use your online statement or Desktop Pro login to verify the credit.
  • #6,646
  • Mar 2, 2011 10:29am Mar 2, 2011 10:29am
Justin,

I logged into my account from the website and checked the PnL statement. It does it indeed show it as a credit. Awesome. Thanks.
  • #6,647
  • Mar 2, 2011 10:39am Mar 2, 2011 10:39am
Quoting Trankuility
Justin,

I logged into my account from the website and checked the PnL statement. It does it indeed show it as a credit. Awesome. Thanks.
  • #6,648
  • Mar 2, 2011 11:07am Mar 2, 2011 11:07am
Quoting jleblang
Depends on your definition of "active". If you mean accounts that placed a trade, than per the NFA's quarterly broker profitability report, in the fourth quarter of 2010 we reported 4,500 accounts that placed a trade.
Thanks a lot, where can I read this report?

regards
  • #6,649
  • Mar 2, 2011 11:23am Mar 2, 2011 11:23am
Quoting signorx
Thanks a lot, where can I read this report?

regards
Here you go Magnates.com
  • #6,650
  • Mar 2, 2011 12:42pm Mar 2, 2011 12:42pm
Quoting jleblang
tomlee,

Simply fill out the additional account request form and we should be able to provide you with a second account within 24-48 hours.
Thanks Justin,
It will be an account for the "paper trading" ? (I mean a demo account, no real money one) ?
  • #6,651
  • Mar 2, 2011 12:44pm Mar 2, 2011 12:44pm
Quoting tomlee
Thanks Justin,
It will be an account for the "paper trading" ? (I mean a demo account, no real money one) ?
Ah - then you'll need to log in to the account manager from the top of our website and create a new demo.
Attached Image (click to enlarge)
Click to Enlarge Name: demo example.jpg Size: 217 KB
  • #6,652
  • Mar 2, 2011 1:22pm Mar 2, 2011 1:22pm
hello justin, i just joined this site a few minutes ago so forgive my inquiries may not be insink. i am interested in opening an account with mb. .do you offer partial lots? i take it i must make 2 seperate deposits to open a forex tradeing account and a stock tradeing account? can you tell me the minimums for the 2? and i know this is just an mb question, but does mb offer a viewable pink sheet?
  • #6,653
  • Edited 4:15pm Mar 2, 2011 3:43pm | Edited 4:15pm
There is something fishy going on in account opening process. I opened a Metatrader live account with MB Trading a few weeks ago. Yesterday while looking at my account management page, I noticed under 'Signed Agreements' there was listed a "Consent to Arbitration". I specifically remember that I said "No" to the question in application for giving this Consent. Yet here it was listed as a signed agreement. I sent an email to support@mbtrading asking them to please explain.

Meanwhile it turned out that the Metatrader account is not really suitable for my purposes so I was told by customer service to apply for a Deskpro account. So I started the application online and again the question came up for the "Consent to Arbitration". I clicked "No" and proceed to finish the application.

A little while ago I got the email saying the account was active. I login to the account management webpage and guess what? Under the Signed Agreements for the new account there is again listed a "Consent to Arbitration" ..... what the *bleep* is going on here?

I resent that earlier email to support@mbtrading this time I included the details of my new Deskpro account. Haven't heard a peep from them.

I am really concerned because whenever a company asks you to give up a right or agree to something voluntarily you can be rest assured that they are only thinking of their own best interest. On top of that when they just simply resort to fraud-type behavior , like I have reported above, it's just sending up a major red flag for me.

Not happy at all with the start of this business relationship with MB Trading.


@Justin - Any comments?
We're all stories in the end. Just try to make it a good one.
  • #6,654
  • Mar 2, 2011 9:10pm Mar 2, 2011 9:10pm
Quoting SteveW
Has anyone used the VPS offered through MB Trading? If so, can you please just give me a quick answer on how you've liked it and used it? Thanks.

Steve
The VPS is quite good.
  • #6,655
  • Mar 2, 2011 10:36pm Mar 2, 2011 10:36pm
Hey, wwwin (or anyone), can you tell me wwwhat the ping time is from the VPS to the MBT server?

Thanks.
__________
Look Deeper
  • #6,656
  • Mar 2, 2011 10:53pm Mar 2, 2011 10:53pm
I am collecting MBT tick data for use in accurate backtesting, but I'm not sure what the 'tick volume' means. The sum of the tick volume over a bar = the volume of that bar, so I assume that the tick volume is the number of lots that traded on that tick. Curiously the tick-to-tick volume always changes by 1, so that to represent a trade of 3 lots, we get 3 ticks at the same price. Does that make sense?

That is not how the MBT tick volume works in the Navigator for stock trades. There, each tick has a volume that represents the number of shares traded.

Can someone explain this so I can understand it? Do I have it right, or am I missing something? I understand that even if this is true volume in lots, it cannot represent total Fx volume, but must only represent the volume in the net that MBT connects to. My question, I guess, is does this represent volume at all or is it just a count of trades?

Thanks for any help.
  • #6,657
  • Mar 2, 2011 11:21pm Mar 2, 2011 11:21pm
Its neither, tickvolume is just the number of ticks that occured during this bar.I.E. if price changes 10 times during a 5 minute bar, it will have a tickvolume if 5. It has nothing to do with volume (neither traded nor quoted).
  • #6,658
  • Mar 3, 2011 3:05am Mar 3, 2011 3:05am
Quoting jleblang
Loco,

1. All FX accounts receive the same treatment with no deal desk and ECN execution. To get started, click on the "Get Started Now" button and follow the steps to complete your registration and live account.

2. $400 is the min deposit

3. EURUSD average spread is .8 pips. Click here to see our spreads.

4. If you use a non-marketable limit order, we will pay you 1.95 per 100k. Routing fee for...
Thank you for your answer! I contact support and got all this information. As I understand commission is some how calculated, not a fixed value. Also can't find the name of you account. Like Alpari has Micro, Classic and MT4 Pro (ECN) accounts? Do you have the same naming?
  • #6,659
  • Mar 3, 2011 3:20am Mar 3, 2011 3:20am
Dear Justin,
Why is there a difference between daily charts on MBt Desktop Pro (real account) and MT4 (demo) is it normal? It seems like candles have different open/close time. I understand that MBT Desktop dont display sunday candles, but the difference is seen on other days too. I talked with MBT support in the chat - they say that the timing is the same (but daily charts on MBT Desktop shows 9:30 EST, MT4 shows 00:00). I send the question to MBT support but dont get the answer. Can you clarify the matter?

Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: differentcharts.jpg Size: 228 KB
  • #6,660
  • Mar 3, 2011 3:34am Mar 3, 2011 3:34am
Quoting powerlexus
Dear Justin,
Why is there a difference between daily charts on MBt Desktop Pro (real account) and MT4 (demo) is it normal? It seems like candles have different open/close time. I understand that MBT Desktop dont display sunday candles, but the difference is seen on other days too. I talked with MBT support in the chat - they say that the timing is the same (but daily charts on MBT Desktop shows 9:30 EST, MT4 shows 00:00). I send the question to MBT support but dont get the answer. Can you clarify the matter?

Thank you


...

I have noticed lots of inconsistencies with the chart rendering engine in Desktop Pro. It is the main reason that I do not use it as my trading platform. It is very inaccurate and "gappy" in comparison to other charting packages and the thing that really annoyed me is that at any point in a candle's history, it could be drawn like it had a gap or down or flat, you just watch the candle turn from same O/C price to gap and back. Lame.

I believe this is a rendering engine issue though, and not actual differences in price.

If they fix this charting "resolution" issue, and make it so that *positions on your chart don't disappear after rollover and not come back, ever* (really?) and add a "chart trader" ala multicharts DT and you would have one of the better trading platforms out there. I really like it, it is basic and not bloated and relatively stable.
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