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MB Trading Futures - Introduction

  • #8,001
  • Aug 29, 2011 8:59am Aug 29, 2011 8:59am
Justin the new pricing Vs Pay For llimit, is the pricing your talking about the spread or commision?
  • #8,002
  • Aug 29, 2011 10:33am Aug 29, 2011 10:33am
I would like to open an account with MBT UK from Hong Kong but I want to know about the commission structure if it's $2.95 or $5.00 per 100K one way.

Previously, when I was with MBT US and you changed the commission from 5 dollars to 2.95, you were still charging HK traders $5.00 one way (though I don't know if you still do).
  • #8,003
  • Aug 29, 2011 10:49am Aug 29, 2011 10:49am
Quoting PoundTrader
Justin the new pricing Vs Pay For llimit, is the pricing your talking about the spread or commision?
PoundTrader -

No comment at this time.
  • #8,004
  • Aug 29, 2011 10:49am Aug 29, 2011 10:49am
Quoting pippin4me
I would like to open an account with MBT UK from Hong Kong but I want to know about the commission structure if it's $2.95 or $5.00 per 100K one way.

Previously, when I was with MBT US and you changed the commission from 5 dollars to 2.95, you were still charging HK traders $5.00 one way (though I don't know if you still do).
2.95 per 100,000 now.
  • #8,005
  • Aug 29, 2011 10:53am Aug 29, 2011 10:53am
Quoting jleblang
2.95 per 100,000 now.
Hi Justin, thanks for the quicky.

Can you confirm, Hong Kong/China traders will also have 2.95 per 100K now?
  • #8,006
  • Aug 29, 2011 11:14am Aug 29, 2011 11:14am
Quoting jleblang
PoundTrader -

No comment at this time.
  • #8,007
  • Aug 29, 2011 11:56am Aug 29, 2011 11:56am
Quoting plamendp
I have US-based MBT Desktop Pro account and I use the MBT Mobile for Android. So far no major problems - you get charts, quotes, watch list, basically everything you need to trade while travel. Execution is fast and reliable. Few weeks ago there was a problem with position prices averaging, but it seems they fixed it.

MBT Mobile link:
http://market.android.com/details?id=com.msf.mbt

No idea about MT4.

Plamen
To add, I also have a US Desktop Pro account and I use the MBT Mobile for iPhone 4. I only use it for execution, which I haven't had any problems with. It's a bit awkward getting around on a touch screen on a phone to edit orders and stuff like that, but to be expected seeing as it's a phone... I'm happy, either way.

No comment on MT4.
  • #8,008
  • Aug 29, 2011 5:32pm Aug 29, 2011 5:32pm
Ha, I thought MBT Mobile was not working.

The website

http://www.mbtrading.com/mbtMobile.aspx

states "MetaTrader accounts cannot be accessed from the MBT Mobile application at this time."
  • #8,009
  • Aug 29, 2011 10:38pm Aug 29, 2011 10:38pm
Quoting vincegata
Ha, I thought MBT Mobile was not working.

The website

http://www.mbtrading.com/mbtMobile.aspx

states "MetaTrader accounts cannot be accessed from the MBT Mobile application at this time."
???

Right, they don't have the MetaTrader mobile app. The mobile app is for their actual software (Desktop).
  • #8,010
  • Aug 30, 2011 10:50am Aug 30, 2011 10:50am
Quoting jleblang
Egkid,

Thanks for the comments. Let me clarify something in regards to a comment like “some delay during the last 2 weeks take more than 10 second to execute.”

Here is why we need people to report when they experience issues like this, let me walk you through some possibilities.

1) Are these occurring during news spikes or fast market times when the number of quote updates spikes from a handful a second to a thousand a second and all players are jumping out of the way?
2) If not, are these occurring consistently at a certain time of day?
3)...
Very good post
For other traders
"The link of the post i think it's usefull to understanding how things work if u got any problem"
http://www.forexfactory.com/showthre...id#post4633918

And here we go i dropped an e-mail to u even i solved the problem but thought to sent to u to prevent it to happen in future
BTW U know so far happy with MBT But from time to time some things happen

Looking forward to ur reply
  • #8,011
  • Aug 31, 2011 3:03am Aug 31, 2011 3:03am
Hi guys, I'm a newbie and I don't have privileges to start new threads and I was refereed from the newbie forum to here, so hopefully you will be able to answer my question.

My question is about spread and commission in forex. I've been playing with a MB Trading demo account and I don't understand how the spread and commission is calculated there (or in forex in general).

Let's assume this data to make the calculations easier:
Pair: EUR/USD
Spread: 1pip
Commission: 0.5pip ($5)
Size: 1 standard lot

When I place a stop buy at 1.4400 with a SL at 1.4390 and a TP at 14410 (10 pips each side) my order is executed 1 pip earlier (1.4399) and the commission is charged after the trade is closed (therefore I make either a profit of $95 or a loss of 105).

But when I place a stop sell at 1.4400 with a SL at 14410 and a TP at 1.4390 (10 pips each side) my order is executed at 1.4400 and I make either a profit of $85 or a loss of $115.

Can somebody please explain me why it happens like that? Why isn't it just the same for both short and long? Or is it just because MBT does it this way.

Also how is the commission calculated? I thought I had to pay it once to get in and once to get out and according to the example above it's only charged once (which is a good thing of course).


Any help would be much appreciated.

Cheers,
Paul
  • #8,012
  • Aug 31, 2011 4:54am Aug 31, 2011 4:54am
Hi i have just come back to desktop pro after a break. There has since been new order types added. I am trying to find a breakdown of what Market if touched and limit if touched are. I cannot find it anywhere, can someone link me please. Thanks
  • #8,013
  • Aug 31, 2011 7:05am Aug 31, 2011 7:05am
Quoting n1te
Hi guys, I'm a newbie and I don't have privileges to start new threads and I was refereed from the newbie forum to here, so hopefully you will be able to answer my question.

My question is about spread and commission in forex. I've been playing with a MB Trading demo account and I don't understand how the spread and commission is calculated there (or in forex in general).

Let's assume this data to make the calculations easier:
Pair: EUR/USD
Spread: 1pip
Commission: 0.5pip ($5)
Size: 1 standard lot

When I place a [color=Black][b]stop...
Not sure what you mean on the long entry. Sounds like you just got price improvement on that one trade, but a fill is wherever the market is. Commission is 2.95 per 100,000 of total volume traded, so if you trade 10 (100,000) EURUSD at 1.4400, then you are using 144,000. That would be $4.25 or so commission. You would be charged the same when you sell. HOWEVER, if you happen to use a Limit order to get into the trade or out (via T/P in Meta if that is what you are using), you would instead by PAID 1.95 per 100,000 for the execution, so at the EURUSD price of 1.4400, if you sold 10 EURUSD on a Limit order, you would be paid $2.81.
  • #8,014
  • Aug 31, 2011 8:40am Aug 31, 2011 8:40am
So.. tomorrow there will be the 'New pricing' announcement? Confirm/Deny?
  • #8,015
  • Aug 31, 2011 9:15am Aug 31, 2011 9:15am
Quoting shrike
So.. tomorrow there will be the 'New pricing' announcement? Confirm/Deny?
Their site just says September.
  • #8,016
  • Aug 31, 2011 9:25am Aug 31, 2011 9:25am
IndyTrader here are screenshots to make it clearer:

LONG:

http://www.forexfactory.com/attachme...1&d=1314807123

SHORT:

http://www.forexfactory.com/attachme...1&d=1314807123

Each grid square represents 1 pip.
The yellow line is the entry point.
The spread at the time was 0.7pips.

As you can see in the 1st trade (LONG) I'm up 1 square therefore 1 pip (as it say on the bottom of the image I'm up 10 = 1pip).

In the 2nd trade (SHORT) I'm up 2 squares therefore I should be up 2 pips, but on the bottom of the image it says that I'm only up 1.3 pips (which makes sense because of the spread).

My question is why was the spread subtracted in the short and not in the long. This isn't just this particular trade it's in every single one.

I know that this is probably normal practice but I just wanna know the reason behind it.

Cheers,
Paul
Attached Image(s) (click to enlarge)
Click to Enlarge Name: buy.png Size: 52 KB
Click to Enlarge Name: sell.png Size: 147 KB
  • #8,017
  • Aug 31, 2011 9:57am Aug 31, 2011 9:57am
Quoting IndyTrader
???

Right, they don't have the MetaTrader mobile app. The mobile app is for their actual software (Desktop).
my bad.
  • #8,018
  • Aug 31, 2011 11:54am Aug 31, 2011 11:54am
"MBT Moblie is NOT available for mt4 accounts" That the reply when i asked about MBT Mobile

Why this rule? What the Loss or the problem if i can use both so i can switch from my PC with MB4 when i travel and use MBT Mobile!!

I really don't get it and feel sad to know that because i going to travel and was need it
  • #8,019
  • Aug 31, 2011 11:57am Aug 31, 2011 11:57am
Quoting Sujith
Hi Justin,

Is it possible to have multiple usernames for the same account. If so, how do I go about it.
Hi Sujith - yes, please contact [email protected] and they will assist you.
  • #8,020
  • Aug 31, 2011 1:37pm Aug 31, 2011 1:37pm
I like MB trading- I think they are good broker
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