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MB Trading Futures - Introduction

  • #8,281
  • Oct 7, 2011 1:26pm Oct 7, 2011 1:26pm
Quoting RoBiK
Hello Justin,

thank you for the update.
I experience a longer outage than what you describe. There were two different problems ocurring, first the order server was completly down (connection indicator was red), after a while the connection worked again but there was a second problem - the Desktop reported "Trading temporarily unavailable for account XXXXXXXX...", i restarted the application several times and finally after around 6:15 it started to work again.
The account involved is a live account with MBT UK.

cheers
Robert
Robik,

No idea what that would be, but I’m happy to research for you if you private message me your account information. We were definitely back up in 10-15.
  • #8,282
  • Oct 7, 2011 1:29pm Oct 7, 2011 1:29pm
Quoting shrike
So there is more than one trade server? I was under the impression there is only one. Central limit order book and so on..

Shrike,

Servers can carry so much load each. Has nothing to do with the order book. You can only have so many people connected to one server. They all do the same thing in managing the connections. There is only one order book/ECN. Trade servers and order book are not the same thing.
  • #8,283
  • Oct 10, 2011 11:49am Oct 10, 2011 11:49am
Logged into my accounts on the mobile app and my demo account is GOING? Is there a problem with the demo servers? Thanks
  • #8,284
  • Oct 10, 2011 12:58pm Oct 10, 2011 12:58pm
I noticed the same, however I had actually wanted to get rid of the demo account (posted about it a week or two ago) so I'm happy-- the mobile app was occasionally changing my default account back to the demo and I had a few times where I thought I was entering trades on the real account.
  • #8,285
  • Oct 11, 2011 10:08pm Oct 11, 2011 10:08pm
Justin,
Do you plan to release mobile version of mt4? It would be really useful.
  • #8,286
  • Oct 12, 2011 11:25am Oct 12, 2011 11:25am
Justin,

I got a frequent disconnection on MT4 again. This time the MBT server performance is even worse because I detected 15% of packet loss! The tracert log indicated that the problem is definitely on your server! Please fix it before the small problem becomes a disaster.
Attached Image (click to enlarge)
Click to Enlarge Name: MBT.PNG Size: 32 KB
  • #8,287
  • Oct 12, 2011 12:31pm Oct 12, 2011 12:31pm
You should probably raise the issue to MBT directly, I think they'd be able to resolve the issue in case Justin isn't reading the thread at this time.
  • #8,288
  • Oct 12, 2011 1:54pm Oct 12, 2011 1:54pm
Quoting ForexQuant
Justin,

I got a frequent disconnection on MT4 again. This time the MBT server performance is even worse because I detected 15% of packet loss! The tracert log indicated that the problem is definitely on your server! Please fix it before the small problem becomes a disaster.
No wonder there are so many problems. It's a good thing to post this here so that everyone is informed and it is not hidden under the table. Thank you for thruthful non-chearling post.
  • #8,289
  • Oct 12, 2011 2:38pm Oct 12, 2011 2:38pm
Quoting wwwin
No wonder there are so many problems. It's a good thing to post this here so that everyone is informed and it is not hidden under the table. Thank you for thruthful non-chearling post.
The problem has gone after i reported here. May be they got a faulty/loose cable. Or could it be an initial sign for coming dos attack?
  • #8,290
  • Oct 12, 2011 8:27pm Oct 12, 2011 8:27pm
Quoting ForexQuant
The problem has gone after i reported here. May be they got a faulty/loose cable. Or could it be an initial sign for coming dos attack?
Told you it was a good thing to report it. There is no good reason why this thread should be different than any other broker thread and be inmune from posting problems. It is what it is.
  • #8,291
  • Oct 13, 2011 1:39am Oct 13, 2011 1:39am
Regarding the new pricing structure alternative ... you all would be very surprised at how many people out there totally balk at the idea of paying fixed commissions vs. having that cost built into the spread like most all the other brokers out there do, even though those of us that have done the math realize it's a much better way to trade, especially factoring in the discounted costs when using limit orders.

I see it as MBT simply trying to catch a portion of the market out there that simply doesn't understand the benefits of fixed commissions with lower spreads ... cuz there's a whole heckofalotta them out there.

At least they're giving folks a choice ... and those of us that know better will stick with the fixed commissions.
  • #8,292
  • Oct 13, 2011 2:41am Oct 13, 2011 2:41am
Quoting iggyboo
Regarding the new pricing structure alternative ... you all would be very surprised at how many people out there totally balk at the idea of paying fixed commissions vs. having that cost built into the spread like most all the other brokers out there do, even though those of us that have done the math realize it's a much better way to trade, especially factoring in the discounted costs when using limit orders.

I see it as MBT simply trying to catch a portion of the market out there that simply doesn't understand the benefits of fixed commissions...
Say what you will, but I think no one will be a fan of this new non-transparent pricing structure. MB is selling out here.
  • #8,293
  • Oct 13, 2011 6:44am Oct 13, 2011 6:44am
As I have touted MBT's Pay for Limits as the best value for small, retail traders in forex at present...

....so many previously in this thread (many MT4 users) have said they
don't (or can't or won't) use a majority of Limit orders in their trading.

They realize no savings or benefit.

I will not take long for the liquidity on the new 'model' to beat Oanda's
now normal 1.2 average spread on EUR/USD, for example.

The masses will love it.

I don't consider it a "sell out" as the previous option is still available...
and Justin has said it is not going away.

The liquidity on the previous model has plenty of room for growth but...
the "hobbyist" trader either can't do math, is afraid of the word "commission", or
believes they will only be profitable with market orders on both sides of their trades.

With a UK office opening... (avoiding some regulations of the U.S.)
MT4 and the tightest spreads around... it will flourish.
  • #8,294
  • Oct 13, 2011 7:52am Oct 13, 2011 7:52am
I have two questions that I hope someone could answer for me about MB-trading.

Does MB-trading offer a 'Stop Loss Level' function for an account?
So that all open positions will be closed, all pending orders will be canceled and trading blocked if equity on my account is equal or less than 'Stop Loss Level'.
Dukascopy offers this option and it gives me reassurance while using auto-trading.

Also I would like to know if funds are insured with MB-trading in case of a bankruptcy.
  • #8,295
  • Oct 13, 2011 8:10am Oct 13, 2011 8:10am
Quoting Intu
As I have touted MBT's Pay for Limits as the best value for small, retail traders in forex at present...

....so many previously in this thread (many MT4 users) have said they
don't (or can't or won't) use a majority of Limit orders in their trading.

They realize no savings or benefit.

I will not take long for the liquidity on the new 'model' to beat Oanda's
now normal 1.2 average spread on EUR/USD, for example.

The masses will love it.

I don't consider it a "sell out" as the previous option is still available...
and Justin...
You know, sometime i keep thinking that if MBT can put their markup into spread for the free ECN plan, then how we know that they are not putting a small spread markup into their pay for limit plan too? We know that MBT will not reveal their LP so if there is something to hide, then something may not in our interest.

Please dont make me wrong, I still like their pay for limit program. I dont know the others but I prefer to see extra gain due to negative commission rather than deducting a portion of my profit due to commission.
  • #8,296
  • Oct 13, 2011 10:29am Oct 13, 2011 10:29am
Despise the free lunch.

What is offered for free normally has a hidden obligation.
  • #8,297
  • Oct 13, 2011 12:50pm Oct 13, 2011 12:50pm
Quoting wwwin
Told you it was a good thing to report it. There is no good reason why this thread should be different than any other broker thread and be inmune from posting problems. It is what it is.
No one is saying not to post problems here. What we're saying is that it is not Justin's full-time job to be reading a third-party forum, so problems should be raised to MBT directly if it's an ongoing issue. If Justin is out for a few days, as happened recently for his newborn child (congrats), people freak out when they post issues here that don't get fixed.
  • #8,298
  • Oct 13, 2011 1:35pm Oct 13, 2011 1:35pm
Quoting ForexQuant
You know, sometime i keep thinking that if MBT can put their markup into spread for the free ECN plan, then how we know that they are not putting a small spread markup into their pay for limit plan too? We know that MBT will not reveal their LP so if there is something to hide, then something may not in our interest.

Please dont make me wrong, I still like their pay for limit program. I dont know the others but I prefer to see extra gain due to negative commission rather than deducting a portion of my profit due to commission.
Doesn't it boil down to how does MB's trading costs to the trader compare to what else is available in the marketplace?

A trader should think in terms of cost per trade... its the cost of doing business and unavoidable.... a trader should shop for the best deal available to limit his overhead.

For small accounts that can't take advantage of the discounts offered by IB etc, MB represents the best deal available especially if you take advantage of the pay for limits structure.
  • #8,299
  • Oct 13, 2011 2:01pm Oct 13, 2011 2:01pm
Quoting smittens4212
No one is saying not to post problems here. What we're saying is that it is not Justin's full-time job to be reading a third-party forum, so problems should be raised to MBT directly if it's an ongoing issue. If Justin is out for a few days, as happened recently for his newborn child (congrats), people freak out when they post issues here that don't get fixed.
I understand your concern but I am just tired to report the problem to their CSR. It took me more than 30min last time just to report some small issue in my account. So unless it is very critical or else i prefer to report the problem here.

Anyway the connection issue was solved within 1-2 hours after i posted here, twice. So maybe some other MBT guy is temporary assuming his work here.
  • #8,300
  • Oct 13, 2011 2:08pm Oct 13, 2011 2:08pm
Quoting Crassius
Doesn't it boil down to how does MB's trading costs to the trader compare to what else is available in the marketplace?

A trader should think in terms of cost per trade... its the cost of doing business and unavoidable.... a trader should shop for the best deal available to limit his overhead.

For small accounts that can't take advantage of the discounts offered by IB etc, MB represents the best deal available especially if you take advantage of the pay for limits structure.
Yes I agree that their cost per trade is still very low for pay for limits program. That is why I am still here despite they "could" have hidden agenda with LP.
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