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MB Trading Futures - Introduction

  • #8,461
  • Dec 1, 2011 10:10am Dec 1, 2011 10:10am
Quoting distantpulse
I lost connection to the MB servers for now going on 20 min. Anyone else experiencing this?!
Can anyone be specific about how often these are occurring? I don't care what their spreads are if they go down daily.
  • #8,462
  • Dec 1, 2011 10:53am Dec 1, 2011 10:53am
Quoting IndyTrader
Any given second, you can get mixed results on the spreads from that chart because they float. I think the better answer is to look at the 7 day average graph underneath it. It clearly shows that MB is just slightly lower overall, see attached.
Ii sucks for everything but EUR/USD.

Also, what is going on with MT4 execution times when buying/selling? It's ridiculous, even in the slow moving markets.
"Everyone gets what they want out of the market." -- Ed Seykota
  • #8,463
  • Dec 1, 2011 11:09am Dec 1, 2011 11:09am
I have an issue that customer service was not able to explain. I have a live MT4 account. In the MT4 terminal account history there are profit/loss, credit, deposit, and withdrawal columns. It shows a withdrawal of -47.46. I have never made a withdrawal from this account. Can anyone explain this?
  • #8,464
  • Dec 1, 2011 11:24am Dec 1, 2011 11:24am
Quoting smnitro1
I have an issue that customer service was not able to explain. I have a live MT4 account. In the MT4 terminal account history there are profit/loss, credit, deposit, and withdrawal columns. It shows a withdrawal of -47.46. I have never made a withdrawal from this account. Can anyone explain this?
I'm going to guess you were short something last night and because of the triple roll on Wednesdays you got charged. Log into your account at mbtrading.com and see what it says.
  • #8,465
  • Dec 1, 2011 11:45am Dec 1, 2011 11:45am
Quoting smnitro1
I have an issue that customer service was not able to explain. I have a live MT4 account. In the MT4 terminal account history there are profit/loss, credit, deposit, and withdrawal columns. It shows a withdrawal of -47.46. I have never made a withdrawal from this account. Can anyone explain this?
I'm going to guess that it's an account balance adjustment because of FIFO rules as documented on their site.
  • #8,466
  • Dec 1, 2011 12:08pm Dec 1, 2011 12:08pm
Quoting V4X
Justin,

I am not using limit orders.

Can you please tell me if moving from ECN to ECN FREE will help me to save money? Or spread difference is identical to fees you charge now? Is there any way we can lower leverage in UK from 1:100?

Looking at our spreads comparison (vs. Oanda), Oanda wins 90% of the time (live quotes, not that graph). So I am not sure why would I choose ENC free over Oanda for example.

http://i.imgur.com/TjEVW.jpg

Can you add ECN spread for comparison? Cause now it's hard to tell.

Also, do you plan...

V4X-

At this time, several of our primary banks have not put in place the pipelines to the FREE ECN data feed. We expect that to happen in the coming month. Once they are all in place, I think you will see that the spreads will be consistently narrower.
  • #8,467
  • Dec 1, 2011 7:58pm Dec 1, 2011 7:58pm
Has anyone tried trading gold with MB Trading, and is it possible to do so?

I was looking through charts from the past decade, and I noticed that gold might be easier to trade (long-term) than any major currency.

However, I am not sure if an XAU is available for trading?

Is there actually an EUR/XAU or XAU/EUR pair available to trade?

Are there any drawbacks to trading an XAU pair that I'm not seeing?
  • #8,468
  • Dec 1, 2011 10:47pm Dec 1, 2011 10:47pm
Dodd Frank Wall Street Reform and Consumer Protection Act-
U.S. based retail forex dealers are prohibited from offering leveraged trading
trading in precious metals to retail clients after July 15, 2011.

Looks like MB offers XAU and XAG/USDs, so they are tradeable,
you just can't use leverage, it's 1:1 buying power.

You're a little late "to the party", the metals are very volatile and
people did actively trade them in the U.S. before the rule changes.
  • #8,469
  • Dec 2, 2011 1:11am Dec 2, 2011 1:11am
Anyone having issues logging in via MBT Desktop? I just restarted my PC and now I can't log back in.

EDIT: I am getting quotes but it is not able to connect to the order server. And no account info either so I can't see my positions or balances or orders. This is getting f**king ridiculous. Again and again and again, every f**king other day their servers just fall over. How hard is it to maintain even a semi-reliable service?
We're all stories in the end. Just try to make it a good one.
  • #8,470
  • Dec 2, 2011 1:36am Dec 2, 2011 1:36am
Quoting Intu
Dodd Frank Wall Street Reform and Consumer Protection Act-
U.S. based retail forex dealers are prohibited from offering leveraged trading
trading in precious metals to retail clients after July 15, 2011.

Looks like MB offers XAU and XAG/USDs, so they are tradeable,
you just can't use leverage, it's 1:1 buying power.

You're a little late "to the party", the metals are very volatile and
people did actively trade them in the U.S. before the rule changes.

Thanks for the info, I just looked into this. Sad.
  • #8,471
  • Dec 2, 2011 2:31am Dec 2, 2011 2:31am
Quoting Traderji
Anyone having issues logging in via MBT Desktop? I just restarted my PC and now I can't log back in.

EDIT: I am getting quotes but it is not able to connect to the order server. And no account info either so I can't see my positions or balances or orders. This is getting f**king ridiculous. Again and again and again, every f**king other day their servers just fall over. How hard is it to maintain even a semi-reliable service?


It is now one and a half hours later, the european session has started and still not able to connect to the order server. And it's NFP day.... sigh.
We're all stories in the end. Just try to make it a good one.
  • #8,472
  • Dec 2, 2011 2:37am Dec 2, 2011 2:37am
I have been logged in the whole night... just logged off and back in after reading your message.

If I were down for more than a few minutes I would be on the phone with tech service. (866) 558-3342 This isn't a live help forum.
  • #8,473
  • Dec 2, 2011 3:04am Dec 2, 2011 3:04am
Quoting Crassius
This isn't a live help forum.

It's not a gay porn forum either and yet you are here? By the way did I ask for any "live help"?
We're all stories in the end. Just try to make it a good one.
  • #8,474
  • Dec 2, 2011 3:43am Dec 2, 2011 3:43am
And its down again. On hold in tech support queue for 12mins now.

I will highly caution any punters looking to join MB Trading. They have some positives like the pay for limits and low spreads but beware their service is not reliable at all. The servers fall over randomly and frequently. Outages last from minutes to hours like today. Not worth the frustration IMO.
We're all stories in the end. Just try to make it a good one.
  • #8,475
  • Dec 2, 2011 3:56am Dec 2, 2011 3:56am
I can also confirm that the order server is down. As far as i know there are several order servers so some customers can experience problems and some may not.
I'm not insane; my mother had me tested.
  • #8,476
  • Dec 2, 2011 7:55am Dec 2, 2011 7:55am
Great fills on payrolls, thanks.

@Justin,

I hope you'll announce that via Twitter or email, so we can know, thanks.
"Everyone gets what they want out of the market." -- Ed Seykota
  • #8,477
  • Dec 2, 2011 8:07am Dec 2, 2011 8:07am
Quoting V4X
Great fills on payrolls, thanks.

@Justin,

I hope you'll announce that via Twitter or email, so we can know, thanks.
Know what?
  • #8,478
  • Dec 2, 2011 8:36am Dec 2, 2011 8:36am
Approaching six months of trading with MBT, since June, I've had only one problem
(which was resolved in minutes) of an order not canceling immediately.

I actively traded 4 minutes after NFP release today with no problems.

Honestly, comparing MB to Oanda (another leader in technology and execution)
and the ONLY two retail brokers who have comparable costs (low spreads),
the small amount/time of problems/disconnects are comparable.

In my opinion, though both brokers have tried to accomodate the world forex community by building "bridges" with MT4,
the problem is MT4.

I've had 978 executions (trades opened, closed, or partially filled) since June 14, 2011. [I just checked.]

My execution reporting literally takes about 1 sec.
I've only had one problem with an actual order (as stated above).
I can remember one outage of about 20 min when they lost connection with their liquidity providers in the past 6 months.

I trade daily.
I am profitable over that six month period.
I use Navigator Pro, I do not use MT4.

Consider switching away from that antiquated tool (MT4)...
  • #8,479
  • Dec 2, 2011 8:47am Dec 2, 2011 8:47am
Quoting Intu
Approaching six months of trading with MBT, since June, I've had only one problem
(which was resolved in minutes) of an order not canceling immediately.

I actively traded 4 minutes after NFP release today with no problems.

Honestly, comparing MB to Oanda (another leader in technology and execution)
and the ONLY two retail brokers who have comparable costs (low spreads),
the small amount/time of problems/disconnects are comparable.

In my opinion, though both brokers have tried to accomodate the world forex community by building...
100% agree over 1000 trade in November and had no problem at all, some time (very rarely) server are down (like today) but for few minutes. Me too I use Nav Pro and Multi Chart DT. Imho most of problem came by using MT4 that in my opinion is a crappy software and MBT should abandoned it. Now that MBT is fully integrated in Multi Chart there is not a reason to trade with MT4.
  • #8,480
  • Dec 2, 2011 8:51am Dec 2, 2011 8:51am
Quoting jleblang
V4X-

At this time, several of our primary banks have not put in place the pipelines to the FREE ECN data feed. We expect that to happen in the coming month. Once they are all in place, I think you will see that the spreads will be consistently narrower.
I have a order 6852. GBP vs JPY. my order was pending order 122.75. even when the news out the market price never reach 122.64 ! Why is it my order is excuted and in less than a sec it was close ! with a Lost of USD 1400+
can you explain this ?!
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