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MB Trading Futures - Introduction

  • #9,621
  • Jun 20, 2012 9:02pm Jun 20, 2012 9:02pm
Quoting Zkf
server down, website down, no one pick the phone.


Your service is very very good.

//quote still not moving. Your company performance is worrying and if continue like this it's a way to go bankruptcy or be sold.
your jokes amused me!! i have given up on MBT long time ago!
  • #9,622
  • Jun 22, 2012 9:23am Jun 22, 2012 9:23am
Quoting toujitsz
Me too.And I can't login MT4 for a while.
Toujitsz,

We don’t have any website issues or login problems and haven’t. If you can’t see our website, please email me so I can help you out and find out your location.
  • #9,623
  • Jun 22, 2012 12:31pm Jun 22, 2012 12:31pm
Justin,
How much longer were you guys planning on letting the iOS app continue as defunct? The ratings say it all...

http://i46.tinypic.com/6pw8qc.jpg
  • #9,624
  • Jun 23, 2012 5:31am Jun 23, 2012 5:31am
CTS,

They wont fix a damn thing. MB pretends like they don't know what the hell is going on with any of the platforms (iOS in particular). I have not placed a trade with this broker in weeks and probably will never use them again.

Get your ducks in a row MBtrading. Stop releasing crap software.

Retail Forex is just a big joke - I thought MB was truly different - wrong... Just like all the others.
  • #9,625
  • Jun 24, 2012 4:42am Jun 24, 2012 4:42am
what are you using as an alternative?

Quoting mediaboy
CTS,

They wont fix a damn thing. MB pretends like they don't know what the hell is going on with any of the platforms (iOS in particular). I have not placed a trade with this broker in weeks and probably will never use them again.

Get your ducks in a row MBtrading. Stop releasing crap software.

Retail Forex is just a big joke - I thought MB was truly different - wrong... Just like all the others.
  • #9,626
  • Jun 24, 2012 7:58pm Jun 24, 2012 7:58pm
I am reading this email sent from MB Trading and I can't believe it.

They have dropped the Pay for Limit from $1.95 per 100,000 to $0.50 per 100,000? A drop of 400%. What the...

Their website is not loading for me (as usual). Can someone confirm this?

This completely negates the entire reason to put up with their shitty servers, constant downtime and non-existent support staff (be honest when was the last time you got to speak to someone on the phone at MBT outside of US trading hours?).
We're all stories in the end. Just try to make it a good one.
  • #9,627
  • Jun 24, 2012 8:05pm Jun 24, 2012 8:05pm
Quoting Traderji
I am reading this email sent from MB Trading and I can't believe it.

They have dropped the Pay for Limit from $1.95 per 100,000 to $0.50 per 100,000? A drop of 400%. What the...

Their website is not loading for me (as usual). Can someone confirm this?

This completely negates the entire reason to put up with their shitty servers, constant downtime and non-existent support staff (be honest when was the last time you got to speak to someone on the phone at MBT outside of US trading hours?).
Website works fine, always does. They lowered commissions.
  • #9,628
  • Jun 24, 2012 8:29pm Jun 24, 2012 8:29pm
MBT must think it's customers are clueless. Just read the way the email announces the news

***************
Now, we're taking another step in lowering costs for traders by reducing the commission for market orders by over 15% to 2.50 per 100,000 of base currency traded.
Just over a month ago, we reached the million dollar milestone in paying traders for adding liquidity for others. The Payment for Limit model is a permanent part of our business plan. Now, we're addressing the other side of the coin, by lowering commissions for all marketable orders. Our plan is to be extremely aggressive in helping traders lower costs. Along with this drop, the payment for limit orders will be reduced to 0.50 per 100,000.
************

Just a single sentence. No need to make a fuss about it.

Right so you are lowering commissions by 15% but ,oh by the way, also cutting the pay for limits by 400%.... jeez what a awesome deal!
We're all stories in the end. Just try to make it a good one.
  • #9,629
  • Jun 24, 2012 10:16pm Jun 24, 2012 10:16pm
Quoting Traderji
I am reading this email sent from MB Trading and I can't believe it.

They have dropped the Pay for Limit from $1.95 per 100,000 to $0.50 per 100,000? A drop of 400%. What the...

Their website is not loading for me (as usual). Can someone confirm this?

This completely negates the entire reason to put up with their shitty servers, constant downtime and non-existent support staff (be honest when was the last time you got to speak to someone on the phone at MBT outside of US trading hours?).
Where do you live that you can't see their website? I have never had an issue with their site.

Big announcement. Lowered their comms about 15%, saves me a lot of money. Finally something to be happy about, now fix the damn iPhone app and I'll be the happiest customer of all.
  • #9,630
  • Jun 24, 2012 10:17pm Jun 24, 2012 10:17pm
Quoting Traderji
MBT must think it's customers are clueless. Just read the way the email announces the news

***************
Now, we're taking another step in lowering costs for traders by reducing the commission for market orders by over 15% to 2.50 per 100,000 of base currency traded.
[i]Just over a month ago, we reached the million dollar milestone in paying traders for adding liquidity for others. The Payment for Limit model is a permanent part of our business plan. Now, we're addressing the other side of the coin, by lowering...
You can't trade just with Limit orders, so that never mattered, especially since their TTO order T/P side doesn't count for a Limit except on MT4. About 10% of my orders are limits, the rest are markets. I'm much better off this way.
  • #9,631
  • Jun 24, 2012 11:42pm Jun 24, 2012 11:42pm
With the new PFL fees, for a trader who places a majority of limit orders, the payment is divided by 3.9 (from $1.95 to $0.5). How MBT think they are going to attract traders to place limit orders with this fees ? So the spread is going to grow.
In that case, what is the interest of the PFL plan ?
Before, a trader who placed limit and market orders, could place 100 limit orders and 66 market orders for a $0 commission cost. Now, it is 100 limit orders and 25 market orders for $0 commission ...
And there is one thing that is not very fair : I received an email yesterday at 5:45pm EST, saying that this new fees are effective since Friday at 5pm GMT. So they informed me after the opening of the forex ... Not really fair ...
I think they had a problem with their PFL business plan, so they made some adjustment, quickly ! Does anybody earns too much ??
  • #9,632
  • Edited 12:41am Jun 25, 2012 12:06am | Edited 12:41am
Quoting cts022
Justin,
How much longer were you guys planning on letting the iOS app continue as defunct? The ratings say it all...
Hi cts,

The new trading app should be available this week.
  • #9,633
  • Jun 25, 2012 12:38am Jun 25, 2012 12:38am
Quoting fxstevyboy
You can't trade just with Limit orders, so that never mattered, especially since their TTO order T/P side doesn't count for a Limit except on MT4. About 10% of my orders are limits, the rest are markets. I'm much better off this way.
+1. The pay for limits was permanent. But the incentive price $1.95 per qualified limit order was a promotional deal to launch the product. It was a lot of risk on their part as the program could have been a total flop. Now that they've perfected the process [more], the pricing is falling back to much more manageable levels. They are literally paying you part of their own profits for 'partnering' with them (helping them provide liquidity). In return, you get to trade for free + $0.50 extra 'thank you'. Obviously the initial deal was better, but it wasn't designed to be sustainable. So now you get a 116% ($2.95 + 0.50) rebate instead of 167% ($2.95 + 1.95).

If you think about it, most of the introducing brokers didn't get $1.95 per 100,000 traded on any of the pairs. White Label partners, maybe. It's still an innovative pricing model. Look at the "opposite" side of the spectrum. Would you rather the broker offer you all kinds of bonuses, but then delay your orders and offer all kinds of requotes?
Measure trends automatically with zero lag
  • #9,634
  • Jun 25, 2012 12:41am Jun 25, 2012 12:41am
Quoting fxstevyboy
You can't trade just with Limit orders, so that never mattered, especially since their TTO order T/P side doesn't count for a Limit except on MT4. About 10% of my orders are limits, the rest are markets. I'm much better off this way.
This is not the best deal,

the best deal should be : abolish Pay For limit deal (which apparently miss a lot as expected revenue), abolish free exn accounts(which has caused so many issues), lower the pfl spread(which become more competitive).

Put your resource in the one, this business not allow making mistakes several times.
  • #9,635
  • Jun 25, 2012 1:08am Jun 25, 2012 1:08am
When MBT's commission rate was at $5.00, the only drawback is the trade cost(from today's prospective), but there was none (or minimal) execution issue, platform was stable, staff was happy, partner was happy, boss was happy.

Now with 2 different accounts package, PFL cause a lot drain of the avenue, but the result is not different, is not doing miracle at all. Put more bluntly, does MBT need liquidity desperately when commission is $5.00? Since you are doing retail business, it's quite enough. The free exn account is totally a mess, lots of issues, clients aren't happy. Now, with shrink earnings, staff is unhappy, partner is unhappy, boss is unhappy, no one gain except competitors. A vicious cycle.

Why FXCM, Alapri, Gain is the top winner in this business, it must be have reason.
  • #9,636
  • Jun 25, 2012 3:49am Jun 25, 2012 3:49am
Quoting fxstevyboy
You can't trade just with Limit orders, so that never mattered, especially since their TTO order T/P side doesn't count for a Limit except on MT4. About 10% of my orders are limits, the rest are markets. I'm much better off this way.
Agreed. I'd much rather have reduced market order costs than better PFL rates. In my experience, any PFL gains are quickly negated by having the other side make a quick buck on your position.

As for Zkf's complaints about PFL spreads, I don't know how anyone can complain about sub-1 pip E/U spreads...if that's eating in to your bottom line, you're doing it wrong. E/C, sure, that one's ugly.
  • #9,637
  • Jun 25, 2012 7:30am Jun 25, 2012 7:30am
Quoting cts022
Agreed. I'd much rather have reduced market order costs than better PFL rates. In my experience, any PFL gains are quickly negated by having the other side make a quick buck on your position.

As for Zkf's complaints about PFL spreads, I don't know how anyone can complain about sub-1 pip E/U spreads...if that's eating in to your bottom line, you're doing it wrong. E/C, sure, that one's ugly.
He can complain because that's what people do. This is a good call by MB and lowers my costs.
  • #9,638
  • Jun 25, 2012 7:42am Jun 25, 2012 7:42am
Just got the email! WOW! Nice job guys on lowering commissions again! MB Trading really is the 'cream of the crop' out there when it comes to the retail forex market.

Great news!!
  • #9,639
  • Jun 25, 2012 7:44am Jun 25, 2012 7:44am
Quoting wannatradefx
He can complain because that's what people do. This is a good call by MB and lowers my costs.
What I find funny, is MB probably has 1,000's of clients, yet only a few ever post complaints here. That tells me 99% of the clients are happy, and I include myself in that number. What kind of person would complain about lowered commissions? Great day for clients imo!
  • #9,640
  • Jun 25, 2012 8:00am Jun 25, 2012 8:00am
@wannatradefx

Did I complain lowering commission level? I just said it's not the best deal/move for MBT. I know what I am talking about.

@hamlet

Is the 1,000's of clients something to trumpet about? Do you know other competitors figures, when several years ago the "gap" was not tremendous as now.
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