MB Trading Futures - Introduction | Page 370 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Introduction and trading basics 27 replies

Introduction to Level 2 4 replies

VTTrader: How to Write Your Own VT Indicator Introduction. 0 replies

Interest Rates: An Introduction 0 replies

An introduction to spread betting 0 replies

Attachments: MB Trading Futures - Introduction
Exit Attachments

MB Trading Futures - Introduction

  • #7,381
  • May 18, 2011 10:00am May 18, 2011 10:00am
Quoting wwwin
No commission does not make STP a Deal Desk. The issue is the claim made here that because MT4 has no issues the broker has to be a DD broker. No basis in fact to say that. Commission or no commission does not mean anything, other than they charge more then the spread.
It is either STP or not, "more in line with other DD" means nothing. It is either STP or DD and not charging commssions means nothing with regards to what it is.
That's barely true. There's a glimmer of truth in that, and that's it. In theory, an STP broker could have no commission. STP means that they are receiving quotes from banks and not handling the quotes directly. So, if a broker is STP without commissions, that means that the spreads are being created by the banks that provide the quotes. And that means that the broker is being paid out of the spread by the bank instead of charging its own fee or making it in its own spread. So yes, it is theoretically true that a broker could be STP and not a deal desk without charging a commission. However, what that is NOT is transparent, and it also is NOT giving the trader the tighter spreads for trading accuracy purposes with the commission charged after the fact.

From a trading perspective, I'd rather have my orders triggered by the tightest quotes possible and then pay a fee, not have the spreads held wider so my executions are slightly less likely but then I "don't pay commissions." More nonsense.
  • #7,382
  • May 18, 2011 10:21am May 18, 2011 10:21am
Quoting roughtrader
Thanks for the reply.
I have never used a EA, I allways make my trades manually up to now,
and the bad experience I had has all been with manual trades,
the reason I would want to use MT4 again is that I would use a EA on the acount,
but then I really need to know it's working,
and that I can trust MT4 to do it's thing,
and that you admit there is a problem and are atleast working...
Roughtrader,

You have sent me your account number via private message here on FF?

Now, you’ve talked about these messages that you get, but can you give me times and examples? With the account number, I can have someone go through the logs.

To be specific…our MT4 platform can’t do a requote. No such thing on the platform, so I’d like to see an example of that.

Trade context is busy is a possible message, but I’d like to see the condition. Did you already have an order in place and try to adjust it before the fill came back? Was it during rollover? We don’t get these types of complaints, and I’d rather have it looked at by someone on our MetaTrader team.
  • #7,383
  • May 18, 2011 12:13pm May 18, 2011 12:13pm
Why is the web platform taking so long to go to public beta?
  • #7,384
  • May 18, 2011 12:39pm May 18, 2011 12:39pm
Quoting cryptik
Why is the web platform taking so long to go to public beta?
LOL. Classic. Now the masses are supposed to decide when something is ready to go, not the developers.
  • #7,385
  • May 18, 2011 1:03pm May 18, 2011 1:03pm
bottom line you either wanna trade with a ECN or a DEAL DESK BROKER, should not matter about trading styles, we all should no the PRO'S AND CON'S by now.
  • #7,386
  • May 18, 2011 4:02pm May 18, 2011 4:02pm
Quoting wwwin
Is the other trouble free MT4 broker deal desk?...Because just b/c it gives you no problem, it does not mean that it is deal desk, that is a big assumption. Just b/c MBs MT4 bridge is troublesome, does not necessarily mean that all are, or that a good MT4 implementation has to be always deal desk. Here is one STP MT4 that does not have the issues you are facing. http://www.gomarketsaus.com/metatrader4/
Also, you were absolutely correct in stating that MB did some MT4 coding, as has been admitted, in stripping out the DD functionality....
Come on wwwinie the poop are you still stuck to the freaking metatrader? Use the freaking thing just for charting...or are you trading via a stupid robot?

Anyways!! I'm starting to grade some bucket shops folks if you want to read about my experience with Oanda search my last posts and you guys will have a idea. The Oanandians flamed tha heck of me on their thread......I love to poke them so it was really fun.

Now about MBtrading the almighty ECN ( every con needs)!!

I was thinking about opening a account with them and write a review here. After calling them 3 or 4 times with some basic questions I was amazed by the lack of interest on their part. The guys that I spoke with, sounded so bored and demotivated. I wouldn't touch this brokers with a 10 foot pole.
  • #7,387
  • May 18, 2011 6:32pm May 18, 2011 6:32pm
Quoting IndyTrader
That's barely true. There's a glimmer of truth in that, and that's it. In theory, an STP broker could have no commission. STP means that they are receiving quotes from banks and not handling the quotes directly. So, if a broker is STP without commissions, that means that the spreads are being created by the banks that provide the quotes. And that means that the broker is being paid out of the spread by the bank instead of charging its own fee or making it in its own spread. So yes, it is theoretically true that a broker could be STP and not a deal...
The issue is the claim that if MT4 works well with a particular broker then that broker has to be DD, and that is blatenly false. How you like to have your orders handled is irrelevant.
  • #7,388
  • May 18, 2011 6:35pm May 18, 2011 6:35pm
Quoting Platypus
Come on wwwinie the poop are you still stuck to the freaking metatrader? Use the freaking thing just for charting...or are you trading via a stupid robot?

Anyways!! I'm starting to grade some bucket shops folks if you want to read about my experience with Oanda search my last posts and you guys will have a idea. The Oanandians flamed tha heck of me on their thread......I love to poke them so it was really fun.

Now about MBtrading the almighty ECN ( every con needs)!!

I was thinking about opening a account with them and write a review here....
Yes, platypussy, you are right again, they seem to be bothered every time you have to call to close a trade b/c the software refuses to do it. Go figure.
  • #7,389
  • May 19, 2011 1:49am May 19, 2011 1:49am
Quoting wwwin
The issue is the claim that if MT4 works well with a particular broker then that broker has to be DD, and that is blatenly false. How you like to have your orders handled is irrelevant.
LOL. Too funny.
  • #7,390
  • May 19, 2011 1:58am May 19, 2011 1:58am
Quoting IndyTrader
LOL. Too funny.
Please don't feed the trolls.

This is obviously a shill from a competitor who is so desperate for clients they have several ID's and post ridiculous claims in this thread because they can't stand the competition.

Or it’s just a nut case who blew out his account in quick fashion because he's an idiot, has several ID's and is neurotically grinding his ax here in some feeble effort to inflict pain on his broker because he can't accept that fact that his losses are due only to himself.

Either way, it’s a complete waste of time, so please,

Don't Feed The Trolls
  • #7,391
  • Edited 4:22am May 19, 2011 4:07am | Edited 4:22am
No accounts

This typically happens more than once a day for a few minutes each time (not during roll over). Why?

It's not on my end because I'm on optical cable and all other broker feeds running fine when this occurs.
  • #7,392
  • May 19, 2011 10:20am May 19, 2011 10:20am
Quoting Crassius
Please don't feed the trolls.

This is obviously a shill from a competitor who is so desperate for clients they have several ID's and post ridiculous claims in this thread because they can't stand the competition.

[color=black][font=Verdana]Or it’s just a nut case who blew out his account in quick fashion because he's an idiot, has several ID's and is neurotically grinding his ax here in some feeble effort to inflict pain on his broker because he can't accept...
Crassius,

It’s even more interesting when I approached him via private message to try to help him out by getting his account number and looking into the issue he described, and his response was that the issue was only 5 pips, but he was concerned that it could become a bigger problem, but he wasn’t interested in giving me his account number. For someone who claims that we are ignoring the “problem,” he sure didn’t want to address it and help us find this “problem,” which means you are most likely correct.
  • #7,393
  • May 19, 2011 10:25am May 19, 2011 10:25am
when will the credit/debit card funding go live to the public
  • #7,394
  • May 19, 2011 10:27am May 19, 2011 10:27am
Quoting PoundTrader
when will the credit/debit card funding go live to the public
PoundTrader.....it's live now via the secure area.

http://www.forexfactory.com/showthre...97#post4617297
  • #7,395
  • May 19, 2011 10:34am May 19, 2011 10:34am
Quoting jleblang
PoundTrader.....it's live now via the secure area.

http://www.forexfactory.com/showthre...97#post4617297
how will a trader know about your funding options if it in a secure area? or is it for current account?
  • #7,396
  • May 19, 2011 10:52am May 19, 2011 10:52am
Quoting PoundTrader
how will a trader know about your funding options if it in a secure area? or is it for current account?
PoundTrader,

You already asked me this exact question two pages back in this thread and I replied.

The website updates regarding this issue are forthcoming. We have notified existing customers first via newsletter (and this thread) and it is live and ready to be used.

The two are not related. You can fund your account right now with a credit card. We will update this on the website when we are ready.
  • #7,397
  • May 19, 2011 11:33am May 19, 2011 11:33am
It seems that the customer fail to fund by credit card right now.MB trading should post out the exlicit policy about the fund and withdraw by credit card.

Quoting jleblang
PoundTrader,

You already asked me this exact question two pages back in this thread and I replied.

The website updates regarding this issue are forthcoming. We have notified existing customers first via newsletter (and this thread) and it is live and ready to be used.

The two are not related. You can fund your account right now with a credit card. We will update this on the website when we are ready.
  • #7,398
  • May 19, 2011 11:49am May 19, 2011 11:49am
Quoting kendi
It seems that the customer fail to fund by credit card right now.MB trading should post out the exlicit policy about the fund and withdraw by credit card.
  • #7,399
  • May 19, 2011 3:25pm May 19, 2011 3:25pm
Quoting kendi
It seems that the customer fail to fund by credit card right now.MB trading should post out the exlicit policy about the fund and withdraw by credit card.
Kendi,

Not sure what you mean exactly. We have a ton of customers funding with credit cards since this launched.
  • #7,400
  • Edited 9:18pm May 19, 2011 6:52pm | Edited 9:18pm
Quoting jleblang
Crassius,

It’s even more interesting when I approached him via private message to try to help him out by getting his account number and looking into the issue he described, and his response was that the issue was only 5 pips, but he was concerned that it could become a bigger problem, but he wasn’t interested in giving me his account number. For someone who claims that we are ignoring the “problem,” he sure didn’t want to address it and help us find this “problem,” which means you are most likely correct.
The reason I did not give you the acct. number is because I don't trust you, based on what you post here and the way you conduct yourself. This post quoted is just one of many examples, private PM messages between you and a customer should not be posted in the public forum, but you don't seem to understand that.
And besides, you were well aware of the issue, as that day MT4 was down from 9:00 am to 2:00 PM...5 continous hours out of service. Of course now you come here saying you were not aware of the "problem" and that I invented the "problem", which was well documented by postings that day from different customers and from a post from you. Does that kind of behaviour inspire trust for me to provide private account information to you?
http://www.forexfactory.com/showthre...72#post4470072
http://www.forexfactory.com/showthre...53#post4469553
http://www.forexfactory.com/showthre...85#post4469685

Does this post by you at 12.34 pm that day refresh your recollection, or did I invent the problem?
http://www.forexfactory.com/showthre...76#post4470176
All,

At 9 am EST this morning, we experienced an unknown problem with our MT4 servers. They are being looked at by our team as well as the MetaQuotes team, who handles the servers. At this time, the reason for the issue is unknown. Because this is an MT4 server issue, only MT4 accounts are affected. Our execution systems are working fine. Desktop/Pro accounts are working fine. If you call into the Trade Desk, we can also execute a trade for your MT4 account. If you had T/P prices for existing trades in the system, they are still executing because they reside on the ECN, which is working fine, but those executions cannot reflect in the MT4 accounts until this is resolved. You can see those fills if you login to your account on the website. I will update you when I have more details and we apologize for the situation.
__________________
4 traders viewing now