Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
This is Justin LeBlang from MB Trading. As you might have heard, we recently added MT4 with true ECN & STP execution to our offerings. The product is currently in beta, as such we are seeking traders with META experience to sign up for either DEMO testing or LIVE beta testing to help us filter out any last unknown issues that might exist. We feel confident in bringing the product to market, but as an experienced software company we certainly understand that until it’s been fully tested by the users it was intended for, we won't know for sure if it’s ready to go fully live.
To sign up for a DEMO or LIVE account, please email me directly at justin@mbtrading.com. To help better assist you, please provide a brief summary of your MT4 experience and contact details.
Those are mighty attractive spreads. I see you are based in El Segundo, CA. Are you NFA regulated? And how do you make money (increase capital into MBT) with such low spreads?
__________________
Life is a Gamble. You win some. You lose some. And life goes on.
Those are mighty attractive spreads. I see you are based in El Segundo, CA. Are you NFA regulated? And how do you make money (increase capital into MBT) with such low spreads?
Kenny ~
Thank you for your comments and questions.
Securities products are offered through MB Trading, member FINRA, SIPC. MB Trading Futures, Inc. (MBTF) is CFTC registered FCM and member of NFA. NFA Member Number: 0315389
As an ECN broker, we charge a commission instead of making money on the spread. For more information on our commissions, please visit; MB Trading.
Since this seems to come up quite a bit, I'm going to post the information here:
Regarding the Quotes
* Live quotes in Nav and Live quotes in Meta are the same.
* Demo quotes in Nav and Demo quotes in Meta are the same.
So for example, using the EUR/GBP. Let's say that the quote is 0.9040 by 0.9050 at the bank level (which is probably wider than it would really be during European, but let's give that example).
Now, let's say in the Live environment, one of our customers places a Limit order to buy 10 EUR/GBP at 0.9045. That now becomes the bid, so the quote in the live environment is now 0.9045 by 0.9050. But demo would still show 0.9040 by 0.9050. A 5 pip difference. Note that the same would be true in reverse if someone in Demo put a buy limit at 0.9045. The live quote would still be 0.9040 by 0.9050 because obviously the demo order isn't real for a live trader to hit.
So those are the only differences you'll see in quotes, which is the same as comparing our Nav demo quotes to Nav live quotes.
Regarding Back Testing
Backtesting. When we come off of Beta, we will have years of backdata available. In the meantime, there is about one month's data, and some of it has gaps from when we put code updates on the server.
We will not be installing the backdata until we go live for a variety of reasons, one of which is that it still gets messed up as we continue to update our bridge with fixes.
Good answer, Justin. I would be very wary if you guys didn't charge a commission. Investors need to understand that brokers need to make money too (overhead and cost of service). You have to find that balance of both parties making money.
Justin, you will save yourself tons of work if you would specify what is the scalping policy because you know that question is going to be brought up incessantly.
__________________
Life is a Gamble. You win some. You lose some. And life goes on.
Good answer, Justin. I would be very wary if you guys didn't charge a commission. Investors need to understand that brokers need to make money too (overhead and cost of service). You have to find that balance of both parties making money.
Justin, you will save yourself tons of work if you would specify what is the scalping policy because you know that question is going to be brought up incessantly.
Thanks Kenny.
At MB Trading no trading style is discouraged and that includes scalping. You also have the ability to place tighter stops and trailing stops orders because there are no minimum pip requirements. Orders can be entered as low as 1 pip.
Its important to understand that MB was designed originally for the sophisticated active trader. We were founded as a broker for equities, futures and options in the late 90's when day trading was moving online and speed, execution and cost were becoming the main focus. Today, we bring all those same principles with us to the Forex market. This is why we continue year after year to receive the highest rankings from Barron's, most recently in 2008 listed as "Best for Frequent Traders".
just fired op demo on mbtrading. and although i understand that you can place order within the spread, i see in marketwatch for example on EURUSD a spread of 6
on the website of mbtrading is shown realtime quotes which is on the same time fluctuating between .5 and 1
are those not coming from one source ? can you explain in more detail (or maybe i am just not awake 'yet')
Quote:
Originally Posted by MBT_Justin
Since this seems to come up quite a bit, I'm going to post the information here:
Regarding the Quotes
* Live quotes in Nav and Live quotes in Meta are the same.
* Demo quotes in Nav and Demo quotes in Meta are the same.
So for example, using the EUR/GBP. Let's say that the quote is 0.9040 by 0.9050 at the bank level (which is probably wider than it would really be during European, but let's give that example).
Now, let's say in the Live environment, one of our customers places a Limit order to buy 10 EUR/GBP at 0.9045. That now becomes the bid, so the quote in the live environment is now 0.9045 by 0.9050. But demo would still show 0.9040 by 0.9050. A 5 pip difference. Note that the same would be true in reverse if someone in Demo put a buy limit at 0.9045. The live quote would still be 0.9040 by 0.9050 because obviously the demo order isn't real for a live trader to hit.
So those are the only differences you'll see in quotes, which is the same as comparing our Nav demo quotes to Nav live quotes.
Regarding Back Testing
Backtesting. When we come off of Beta, we will have years of backdata available. In the meantime, there is about one month's data, and some of it has gaps from when we put code updates on the server.
We will not be installing the backdata until we go live for a variety of reasons, one of which is that it still gets messed up as we continue to update our bridge with fixes.
just fired op demo on mbtrading. and although i understand that you can place order within the spread, i see in marketwatch for example on EURUSD a spread of 6
on the website of mbtrading is shown realtime quotes which is on the same time fluctuating between .5 and 1
are those not coming from one source ? can you explain in more detail (or maybe i am just not awake 'yet')
MB Trading with MetaTrader
Linear Mode
