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MB Trading Futures - Introduction

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  • Post #9,721
  • Quote
  • Jul 17, 2012 1:39am Jul 17, 2012 1:39am
  •  wannatradefx
  • | Joined Sep 2008 | Status: Member | 289 Posts
Quoting jplazard
Disliked
What statement would they release. Sorry you Feel upset that other firms are a bunch of criminals who operate trading departmets and use client funds
But we can assure you as a broker we are a matcher for buyer and seller and do not trade client funds. Also if your worried about your forex or any otherOTC accounts you may have with us rest assured that funds could be lost as SPIC does not cover these account types. Again we apologize for the inconvience of other firms but please regonize your not covered.
Good enough...
Ignored
Now that's awesome. How about "Sorry we can't 100% guarantee your funds are safe, but just because a few brokers' management has decided to embezzle client funds and run away or kill themselves doesn't mean we will. Please believe that we won't, even though the last three firms to go under overnight said the same thing."

Seriously, what do you guys expect them to say? They can't say anything that guarantees that someone in the world won't steal funds. I would say that the best reason to use MB is because they have been around for a long time regulated by much tougher and established agencies than the NFA, such as the SEC and FINRA on the stock side. These guys win too many awards. They get mocked for random tech issues, but let's face it, as an overall broker, what do you get with them?

Top broker ratings for equities by Barron's year in and year out
Award winning execution tech that passes to FX
The first broker to let you split the spread
The first broker to go to commissions and get away from trading against

The list goes on and on. I don't know the management, so I can't exactly vouch for whether they are the type to steal all your money, but they haven't for over a decade and they seem to have their business model in the right place. The industry isn't regulated enough to protect your funds (i.e. SIPC), so they can't promise anything. But maybe after Refco, MF Global, and now PFG, people should start to realize that you need a broker with a track record, a background in being regulated, and someone that drives the industry.
 
 
  • Post #9,722
  • Quote
  • Jul 17, 2012 2:51am Jul 17, 2012 2:51am
  •  Zkf
  • | Joined Mar 2008 | Status: Member | 199 Posts
PFL mt4 accounts has lost connection for almost 2 hours

no one encounter this issue?
 
 
  • Post #9,723
  • Quote
  • Jul 17, 2012 3:16am Jul 17, 2012 3:16am
  •  toujitsz
  • | Joined Nov 2011 | Status: Member | 19 Posts
Quoting Zkf
Disliked
PFL mt4 accounts has lost connection for almost 2 hours

no one encounter this issue?
Ignored
Me too,but maybe the real reason is because we both live in China.
 
 
  • Post #9,724
  • Quote
  • Jul 17, 2012 3:31am Jul 17, 2012 3:31am
  •  dendy
  • | Joined Mar 2010 | Status: Member | 68 Posts
Quoting toujitsz
Disliked
Me too,but maybe the real reason is because we both live in China.
Ignored
I live in Indonesia and I had the same prblem.,
Timing
 
 
  • Post #9,725
  • Quote
  • Jul 17, 2012 3:58am Jul 17, 2012 3:58am
  •  jplazard
  • Joined Jul 2009 | Status: Member | 1,807 Posts
Just spoke with a rep there and China and Malaysia went out on ISP which MB is not in control of they will be up shortly from what I was told as they are rebooting
 
 
  • Post #9,726
  • Quote
  • Jul 17, 2012 4:10am Jul 17, 2012 4:10am
  •  dendy
  • | Joined Mar 2010 | Status: Member | 68 Posts
Quoting jplazard
Disliked
Just spoke with a rep there and China and Malaysia went out on ISP which MB is not in control of they will be up shortly from what I was told as they are rebooting
Ignored
Timing
 
 
  • Post #9,727
  • Quote
  • Jul 17, 2012 4:30am Jul 17, 2012 4:30am
  •  Zkf
  • | Joined Mar 2008 | Status: Member | 199 Posts
thumb up? thumb up for what?

nearly down for 6 hours now, still no connection.

Why other US brokers have no such issue, only MBT. It's time to change your ISP now, the current one have serious problems to Asia area, always have this or that issue.
 
 
  • Post #9,728
  • Quote
  • Jul 17, 2012 4:34am Jul 17, 2012 4:34am
  •  dendy
  • | Joined Mar 2010 | Status: Member | 68 Posts
Quoting Zkf
Disliked
thumb up? thumb up for what?
Ignored
for information
Timing
 
 
  • Post #9,729
  • Quote
  • Jul 17, 2012 5:02am Jul 17, 2012 5:02am
  •  ybfjax
  • | Commercial Member | Joined Nov 2006 | 650 Posts
Quoting jplazard
Disliked
What statement would they release. Sorry you Feel upset that other firms are a bunch of criminals who operate trading departmets and use client funds
But we can assure you as a broker we are a matcher for buyer and seller and do not trade client funds. Also if your worried about your forex or any otherOTC accounts you may have with us rest assured that funds could be lost as SPIC does not cover these account types. Again we apologize for the inconvience of other firms but please regonize your not covered.
Good enough...
Ignored
Quoting wannatradefx
Disliked
Now that's awesome. How about "Sorry we can't 100% guarantee your funds are safe, but just because a few brokers' management has decided to embezzle client funds and run away or kill themselves doesn't mean we will. Please believe that we won't, even though the last three firms to go under overnight said the same thing."

Seriously, what do you guys expect them to say? They can't say anything that guarantees that someone in the world won't steal funds. I would say that the best reason to use MB is because they have been around for a long time...
Ignored
You're both correct We can only expect so much.

Perhaps a new thread should be started "how does your broker respond to questions regarding PFGbest?" More for fun to see what types of answers sales reps would be giving their clients.
Measure trends automatically with zero lag
 
 
  • Post #9,730
  • Quote
  • Jul 17, 2012 7:06am Jul 17, 2012 7:06am
  •  V4X
  • | Joined Mar 2011 | Status: 24/7 | 123 Posts
No Connection.

MT4, second time today

Europe,
"Everyone gets what they want out of the market." -- Ed Seykota
 
 
  • Post #9,731
  • Quote
  • Jul 17, 2012 7:08am Jul 17, 2012 7:08am
  •  Zupra
  • | Joined Aug 2011 | Status: Member | 7 Posts
Quoting toujitsz
Disliked
Me too,but maybe the real reason is because we both live in China.
Ignored
I live in Sweden and have the same problem, still no connection for my demo and live PFL mt4 accounts, they stopped working for about 7 hours ago.
 
 
  • Post #9,732
  • Quote
  • Jul 17, 2012 7:09am Jul 17, 2012 7:09am
  •  Crassius
  • | Joined Jan 2009 | Status: Don't Tread On Me | 2,059 Posts
Quoting V4X
Disliked
No Connection.

MT4, second time today

Europe,
Ignored

I've been able to stay connected to the price feed but the connection to perms keeps dropping and reconnecting. ****EDIT about 7 or 8 times in the last 5 hours. Definately not running smoothly for me today. (DeskTop)

Website has been on and off all morning as well... trying to check status has been hit or miss...
 
 
  • Post #9,733
  • Quote
  • Jul 17, 2012 7:12am Jul 17, 2012 7:12am
  •  V4X
  • | Joined Mar 2011 | Status: 24/7 | 123 Posts
Quoting Crassius
Disliked
I've been able to stay connected to the price feed but the connection to perms keeps dropping and reconnecting. Definately not running smoothly for me today. (DeskTop)

Website has been on and off all morning as well... trying to check status has been hit or miss...
Ignored
Same with phone. Everything is broken.
"Everyone gets what they want out of the market." -- Ed Seykota
 
 
  • Post #9,734
  • Quote
  • Jul 17, 2012 7:23am Jul 17, 2012 7:23am
  •  jplazard
  • Joined Jul 2009 | Status: Member | 1,807 Posts
Not a good day for the folks at MB I am glad though their trade desk still has an open line.
 
 
  • Post #9,735
  • Quote
  • Jul 17, 2012 7:28am Jul 17, 2012 7:28am
  •  PoundTrader
  • Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
to much time giving away money instead of putting money into tech
 
 
  • Post #9,736
  • Quote
  • Jul 17, 2012 7:34am Jul 17, 2012 7:34am
  •  Zkf
  • | Joined Mar 2008 | Status: Member | 199 Posts
Quoting PoundTrader
Disliked
to much time giving away money instead of putting money into tech
Ignored
+1 can't agree with you more.
 
 
  • Post #9,737
  • Quote
  • Jul 17, 2012 1:28pm Jul 17, 2012 1:28pm
  •  jleblang
  • | Joined Apr 2006 | Status: MB Trading | 2,112 Posts
Quoting jplazard
Disliked
Not a good day for the folks at MB I am glad though their trade desk still has an open line.
Ignored
It does appear that we had an ISP issue that affected the website, phones, and the PFL servers for a bit overnight. However, everything has long since been fixed, except there seems to be a secondary issue related to Asia.
 
 
  • Post #9,738
  • Quote
  • Jul 17, 2012 1:31pm Jul 17, 2012 1:31pm
  •  Zupra
  • | Joined Aug 2011 | Status: Member | 7 Posts
Quoting Zupra
Disliked
I live in Sweden and have the same problem, still no connection for my demo and live PFL mt4 accounts, they stopped working for about 7 hours ago.
Ignored
13 hours and still no connection..
 
 
  • Post #9,739
  • Quote
  • Jul 17, 2012 1:59pm Jul 17, 2012 1:59pm
  •  fxchant
  • | Joined Dec 2006 | Status: Member | 229 Posts
Quoting Zupra
Disliked
13 hours and still no connection..
Ignored
I was missing about 30 minutes of chart data when I got up (that has since been fixed) and no issues other than that. Connected fine and trading fine all morning.
FXChant Singing the World of Forex
 
 
  • Post #9,740
  • Quote
  • Jul 17, 2012 2:04pm Jul 17, 2012 2:04pm
  •  frito
  • | Joined Feb 2008 | Status: Member | 218 Posts
Quoting fxchant
Disliked
I was missing about 30 minutes of chart data when I got up (that has since been fixed) and no issues other than that. Connected fine and trading fine all morning.
Ignored
mt4 live still down, no new quotes, MT4 says connected
 
 
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