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MB Trading Futures - Introduction

  • #7,621
  • Jun 28, 2011 2:32am Jun 28, 2011 2:32am
i was watching quotes from MBTrading, Dukascopy and Interactive Brokers

and noticed that quotes from MBT are consistently different from those of Dukascopy and Interactive Brokers.

any comments? could anyone please try and confirm this ..


edit: my quotes from MBT are delayed by 7 minutes???? is it because i haven't funded my account yet???
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  • #7,622
  • Jun 28, 2011 2:54am Jun 28, 2011 2:54am
now its 14 minuted behind..really weird
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  • #7,623
  • Jun 28, 2011 5:03am Jun 28, 2011 5:03am
Quoting richy

edit: my quotes from MBT are delayed by 7 minutes???? is it because i haven't funded my account yet???
No, quite simply put, it's because their data sucks!
Makes no difference with a funded account, and when you phone and query this you'll be told that they are not having any problems, they can't replicate it, and they don't know what you're talking about.

See these posts as well:

http://www.forexfactory.com/showthre...65#post4585565

http://www.forexfactory.com/showthre...34#post4585634
  • #7,624
  • Jun 28, 2011 5:43am Jun 28, 2011 5:43am
Quoting angus
No, quite simply put, it's because their data sucks!
Makes no difference with a funded account, and when you phone and query this you'll be told that they are not having any problems, they can't replicate it, and they don't know what you're talking about.

See these posts as well:

http://www.forexfactory.com/showthre...65#post4585565

http://www.forexfactory.com/showthre...34#post4585634

now i see what you mean. after a couple of hours it's getting back to normal right now

last time it happened i was running 3 softwares with 2 other reputable brokers dukascopy and interactive brokers. those two were perfectly fine so im pretty sure that the problem was not on my side..

enough said.. i like the idea that adding liquidity gets paid at MBT as it would really help my trading and really want to give it a shot but this is dissappointing..
  • #7,625
  • Jun 28, 2011 8:12am Jun 28, 2011 8:12am
I went with MB and I have to say, their staff is clueless. I get the runaround and different employees saying different things. Their tech support is awesome! Their cashiering department sucks. I don't think anyone is on the same page there.

As for the above problem. If I am live trading with this account, and I notice these descrepancies, I will not hesitate to post my experience, and pull my money.

Is it sooooo hard for a forex broker to just provide reliable service?
  • #7,626
  • Jun 28, 2011 6:56pm Jun 28, 2011 6:56pm
Quoting jleblang
Did you select "pivot points" or "daily pivots" and what time frame? I was able to replicate the issue with "pivot points", but not "daily" in any time frame.

Thanks very much jLeblang, however I have another question if you ever see this. Just curious how to edit the study to show only the current day's pivots on a lower time scale without it calculating "daily pivots' for whatever the chart's time scale is.
  • #7,627
  • Jun 29, 2011 4:11am Jun 29, 2011 4:11am
Quoting richy
now its 14 minuted behind..really weird
Amm.. are you serious? 14 minutes delay? I was just going to fund my account. So far [demo] I didn't notice any [significant] problem with their platform/quotes/execution, but you just made me frustrated. I can't beleive a broker will delay 14 minutes... hmm...

Any comment from MBT member? This is a big issue and should be elaborated... thanks...

Plamen
Bah...
  • #7,628
  • Jun 29, 2011 5:06am Jun 29, 2011 5:06am
wow, I have not expected it from MB Tradign!!!
Very weird
  • #7,629
  • Jun 29, 2011 5:12am Jun 29, 2011 5:12am
Quoting Julian_Ass
wow, I have not expected it from MB Tradign!!!
Very weird
I am starting to watch more closely their platform behaviour now.. it is open non-stop while I am trading on other broker's platforms.. if that confirms even once.. that'll be sad news.. so far I like it..
Bah...
  • #7,630
  • Jun 29, 2011 8:13am Jun 29, 2011 8:13am
I think mbt is only ecn that froze on prices.
Its such a joke i pulled up oanda live mt4 and its smooth no hanging.
While other currenex platforms all normal


Mbt crapped out and still trailing LOL both live acct and demo

The amount of missing prices is so discernible that i dun think the charting can be trusted.

Oh well, seems they been having some IT issues LOL
  • #7,631
  • Jun 29, 2011 9:23am Jun 29, 2011 9:23am
Quoting richy
i was watching quotes from MBTrading, Dukascopy and Interactive Brokers

and noticed that quotes from MBT are consistently different from those of Dukascopy and Interactive Brokers.

any comments? could anyone please try and confirm this ..


edit: my quotes from MBT are delayed by 7 minutes???? is it because i haven't funded my account yet???
Richy,

Thank you for pointing this out yesterday. While not all customers experienced this, the fact that enough people actually called in or reported it allowed us to determine that one of our servers had a latency issue. That server has been pulled and customers are no longer pointing to it while we examine it. Let me know if you continue to experience the problem (please close and reopen the software if you haven’t since yesterday).
  • #7,632
  • Jun 29, 2011 9:52am Jun 29, 2011 9:52am
I wanted to see if the prices were off. I brought up IBFX and MBmt4, and IBFX was higher by a little. So prices seem to be ok.
  • #7,633
  • Jun 29, 2011 10:28am Jun 29, 2011 10:28am
I have been trading with MB for 3 years live. In the beginning they were very good. There service is becoming unreliable. I see a lack of liquidity. Their slippage is getting worse all the time. It use to be executed imediately, now, who knows when. When you call in, no answers. They claim fast moving market. BS.. Interbank didn't have this issue on the same trade. Also, in using the Desktop Pro I get disconnected from the order server or one of the other 2 almost daily. It seems since they bought or were bought by the clowns who ran WISETRADE, the crap has started. Seriously looking to move. My trust level in this platform is gone.
  • #7,634
  • Jun 29, 2011 11:59am Jun 29, 2011 11:59am
Quoting E-Money
I have been trading with MB for 3 years live. In the beginning they were very good. There service is becoming unreliable. I see a lack of liquidity. Their slippage is getting worse all the time. It use to be executed imediately, now, who knows when. When you call in, no answers. They claim fast moving market. BS.. Interbank didn't have this issue on the same trade. Also, in using the Desktop Pro I get disconnected from the order server or one of the other 2 almost daily. It seems since they bought or were bought by the clowns who ran...
i hate to agree with your sentiment but everytime i mentioned abt the inconsistence of quotes fr MT4 LIVE and Desktop Pro LIVE accts,i was always being ignored,not sure if its intentional or being overlooked? I find that justin tends to reply to those he likes,maybe or those person that really give him a tough time? I dont know,maybe its just me... and everytime i chat online with MBT's rep i always got the feeling that they r either rushing me thru the conversation or simply cant bother with my problems,is it bcos that my acct is too small??? I sort of have already given my hope on MBT and starting to look elsewhere if conditions is right & if MBT continues to be as what they r today,not 'listening' to clients!?
  • #7,635
  • Jun 29, 2011 12:42pm Jun 29, 2011 12:42pm
Quoting fxking
i hate to agree with your sentiment but everytime i mentioned abt the inconsistence of quotes fr MT4 LIVE and Desktop Pro LIVE accts,i was always being ignored,not sure if its intentional or being overlooked? I find that justin tends to reply to those he likes,maybe or those person that really give him a tough time? I dont know,maybe its just me... and everytime i chat online with MBT's rep i always got the feeling that they r either rushing me thru the conversation or simply cant bother with my problems,is it bcos that my acct is too small??? I...
Well than I will ask the question everyone is asking themselves.

What ECN broker allows mt4 and small sized accounts with US citizens?
  • #7,636
  • Jun 29, 2011 12:55pm Jun 29, 2011 12:55pm
Quoting EmptyEterniT
Well than I will ask the question everyone is asking themselves.

What ECN broker allows mt4 and small sized accounts with US citizens?
sorry, i dont get your question??
  • #7,637
  • Jun 29, 2011 1:46pm Jun 29, 2011 1:46pm
Quoting E-Money
I have been trading with MB for 3 years live. In the beginning they were very good. There service is becoming unreliable. I see a lack of liquidity. Their slippage is getting worse all the time. It use to be executed imediately, now, who knows when. When you call in, no answers. They claim fast moving market. BS.. Interbank didn't have this issue on the same trade. Also, in using the Desktop Pro I get disconnected from the order server or one of the other 2 almost daily. It seems since they bought or were bought by the clowns who ran...
I have been with them since early '08 and I have not experienced any of the problems that you claim. You stated above...

Quote
When you call in, no answers.

What exactly are you saying?

No one picks up the phone or you could not get your questions answered satisfactorily?

If it is the former I say B.S. If it is the latter I am surprised to hear that. In over three years I can count on the fingers of one hand when I have had to call them. I think that speaks for itself but when I did have to call only once was the problem on their end. I could not log in to my account but the problem was resolved within 10 minutes. The person who initially took my call had to switch me over to someone else and I had to wait a few minutes...but shit, I was back up and running in 10 minutes.

Quote
There service is becoming unreliable. I see a lack of liquidity. Their slippage is getting worse all the time.

I see none of that. Lack of liquidity, slippage? You got to be kidding. Can you be more specific in what actually happened?


Quote
Their slippage is getting worse all the time. It use to be executed imediately, now, who knows when.

Sorry, I do not mean to offend you, but the above dramatic quote makes me say B.S. Your computer still isn't hooked up to a landline is it?

All is fine on this end and I assume with everybody else because no one else on here seems to be experiencing the same problems that you are.
  • #7,638
  • Jun 29, 2011 3:39pm Jun 29, 2011 3:39pm
You can think whatever you like. I have high speed access and the quality of this company is slipping. You may just be trading 1 or 2 mini's. They definately have liquidity issues. Just watch the bid ask. And slippage is a bigger problem for larger trades. I know what I am talking about because I have traded, and do trade with mulitple accounts with different companies.
  • #7,639
  • Jun 29, 2011 6:02pm Jun 29, 2011 6:02pm
Quoting E-Money
You can think whatever you like. I have high speed access and the quality of this company is slipping. You may just be trading 1 or 2 mini's. They definately have liquidity issues. Just watch the bid ask. And slippage is a bigger problem for larger trades. I know what I am talking about because I have traded, and do trade with mulitple accounts with different companies.
Just FYI, I trade up to 50 full lots in my trading and I use a combination of limit and stop limit entries. I rarely have issues getting filled up to that size. The size you see reflected in the Level 2 is not representative of what the banks will fill. It was also explained to me that the way that the routing algorithm works, it sends larger orders to certain banks that are more likely to fill bigger size. I have my price versus speed setting on the account in Preferences set closer to speed, which allows it to jump ahead of the bid or ask by tenths of a pip to get straight to the larger banks. I do get partial fills that break up my trades into pieces a lot, but I would not say that I get bad slippage. The order types give you so much flexibility (unless you are using MT4) that there really is no need for slippage at all, at least not enough to matter unless you are trying to scalp for 3 pips round trip.
  • #7,640
  • Jun 29, 2011 6:18pm Jun 29, 2011 6:18pm
The MBT desktop really has a delay quotes problem as to the mt4 and other Brokers.


Quoting jleblang
Richy,

Thank you for pointing this out yesterday. While not all customers experienced this, the fact that enough people actually called in or reported it allowed us to determine that one of our servers had a latency issue. That server has been pulled and customers are no longer pointing to it while we examine it. Let me know if you continue to experience the problem (please close and reopen the software if you haven’t since yesterday).
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