MBTrading could have been the best broker

[imioxigen]

I am in the midst of searching for an ecn broker for the new egy. I thought MBT could have met my criteria but it did not, which is a shame. The downsides are as follows:

Cons:
The platform is too messy, particularly with all these floating windows.

Improvements:
Display buy/sell on window.
Option to show separate transactions of the same tool on position window, and display the filled price rather than the aggregate foundation.
Grouping of open orders.
Better charting capability.

Aside from that, I think the platform is great, particularly with ecn.
Anyone, particularly MBT customers, concur to my planned improvements?

[aipkm1974a]

I also was looking to sign up with MB Trading but aren't accepting live accounts as of yet for its MT4 platform....and who knows for how much longer.

IndyTrader, do you understand any similar ENC brokers that are operating MT4 platforms and could begin with about $2,000....cause I know there are others that require a much lager initial deposit to start.

Perhaps you have heard of PFG Best?

[amcuixxa]

I assume you are talking about the Nav and not MetaTrader? I utilize Meta through them for a few things and Nav for many others. Nav is a whole lot more customizable. I like the floating windows since I can lay my display however I need. Better charting is nice, but that is what Nav Guru will be about. In terms of the separate trades item, that is a function of an ECN and not a desk. Since you desired an ECN, you can't get around that (need to be a hint if a broker says they are ECN but doesn't aggregate). Execution rocks though, and the Nav order forms... I must agree with everything you say. I don't know about MBT charts since I utilize Sierra.

[gieguipkocm7fomex]

Yeah.. MBTrading was fantastic in many ways, and poor in others. . I am currently withdrawing my money from account now. . However, their customer service is excellent and withdrawing is smooth.
Experts:
1) great fills. My limit orders almost always got an improved slippage price.
Two) great spreads through news, while everybody else is complaining about 50 pip spread over the course of a news spike, I wonder what they are talking about because most of the time that my disperse remains low.
3) fast order execution.

Cons:
1) dreadful ugly charting software. Its suited to ppl that enjoy pro-looking bloomberg terminal design stuff. . I'd rather have a nice graphical user friendly looking platform. Call me a noob, whatever. =-RRB-
2) can't conduct my MT4 EAs... I had to develop external software in C# to conduct my EA; it is a lot of work. No way I will do this for every single EA I have.
3) harder to handle transactions. . I want to close a trade, oops can't unless I remove all pending orders associated with it first... but what if I want to still keep those pending orders?? Ahh such a hassle.
Would be nice if I could visually see and edit my pending orders...

[lysokbmipks]

I also was looking to sign up with MB Trading but are not accepting live accounts as of yet for its MT4 platform....and who knows for how much longer.

IndyTrader, do you know any comparable ENC brokers which are running MT4 platforms and might start up with about $2,000....cause that I am aware that there are others that demand a much lager initial deposit to start.

Have you heard of PFG Best? You will need 5k to get started using pfg greatest if they didn't change it.

[OxmiokSP]

I gave up Demoing PFG - All my Demo's performed much better on other brokers. Also they seem a bit lax (like MB) using the demonion server. I have also stopped demoing MB till they have a reliable demo server. At this point they restart and update the demonion so much that I cant expect that the EA results - For MB I'll just need to wait till they get the kinks worked out.

[semgiofp11]

So right now for MT4 ECN there arent a lot of excellent options, are there?

Maybe just ATC I think.

[OxmiokSP]

I really like Collective FX but you're right there are just a couple decent brokers. My current 'LIKE' list is Collective FX, ATC, MBTrading (If they get the demonion stable. .) And Broco (Maybe?) - I also enjoy that FXOpen is hooked up with Dukascopy but I havent tested them yet (I hear bad stuff but their ECN feed is new and possibly worthy of a shot)

[Makhaaml]

I also was looking to sign up with MB Trading but aren't accepting reside accounts as of yet for the MT4 platform....and who knows for how much longer.

, do you know any similar ENC brokers which are operating MT4 platforms and could start up with roughly $2,000....cause I am aware that there are others that require a much lager initial deposit to start.

Perhaps you have heard of PFG Best? PFG is STP although not true ECN. This can be said by me. If you're looking for:

US-based
ECN
MT4 that works properly for EAs
Low deposit demand (i.e. under $5000)

Then the only option that matches these (and are quite good anyhow, so that's not a negative) is MB Trading.

If you don't care about the deposit thing (i.e. if your account is bigger), then a couple of points. It is possible to get reduced commissions with MB based on quantity of trading monthly, and as to the first three points in the listing, no one else suits just those, regardless of what the deposit requirement.

[Makhaaml]

two) can't conduct my MT4 EAs... I needed to develop external appliions in C# to conduct my EA; it's a lot of work. No way I'll do that for every single EA I've. Huh? Why can't you operate your EAs?

[Makhaaml]

So right now for MT4 ECN there arent a lot of excellent possibilities, are there?

Maybe only ATC I believe. The challenge isn't just that there aren't many MT4 ECN brokers. The problem is that there aren't many ECN BROKERS, interval. There are several that promise to be ECN because the term is fairly loose, but they aren't really. And the reality is that of the couple brokers that are ECN, my understanding is that MT4 is really, really hard to have a legitimate bridge with. It's like oil and water. However, I've been on the MB MT4 beta for weeks now, and it has been working flawlessly smooth. They had a delay related to the FIFO rule that compelled them to make some significant changes because MT4 itself did not deal with the new rule in a way that was usable with the ECN backend. This update eventually occurred over the weekend, and my account is still working flawlessly, but is now working under the FIFO rules. Since there isn't any new NFA requirement pending (hedging, FIFO, etc) that could change this up a lot, I am guessing MB will be prepared to get this item out of Beta very soon, and then everyone has their solution. But if you're waiting for the Demo environment to be stable, I think you'll have a long time to wait. LOL. MB's demo environment even on the Nav facet has ever sucked.

[jomgepwmpk735]

Im with Mb as well but just discovered FXCBS which claims to be an ECN and have a live MT4 that I'm demoing at this time and spreads are .3-1 pip over MB's spreads may want to test them out until MB ches their MT4 up and running.

I'm demoing MBs MT4 and the only problem I've had is a calculation error on lots twice noe but they have fixed it each time as usual their Customer Support is to the ball.

[semgiofp11]

Well, I was planning to go live with MBT for a few weeks now, like I got my EA's working properly I think in the demo env(Ignoring the unstability. .) , but they wont give an estimate on how much longer its gont require... IndyTrader - you appear to be well informed, how much longer do YOU think its gont require for them to start again for beta, or start for real? Also, I'sent ATC a true ECN? why not?

[Makhaaml]

I had been planning to go live with MBT for a couple of weeks now, like I received my EA's working properly I think in the demonion env(Ignoring the unstability. .) , but they wont give a quote on how much longer its gonna take... - you appear to be well informed, just how much longer do YOU think its gonna take for them to open again for beta, or open for real? I'sent ATC a authentic ECN? why not? That I have no idea when they will open the Beta again. If you return to May and even before, they were starting to open the program for Beta accounts about every week, and you could sense that they were about completed and it was all working great, and then it all stopped with the FIFO issue. I have no idea what they still see as issues from a backend perspective, but they just did their upgrade this past Friday. From a trading perspective, as I said, it's all smooth. People who use the demonion environment for a indior are making a mistake. . .and regrettably, that might not change a lot dependent on the fact that MB has always been woefully bad in the Demo world, which I won't ever understand. This looks to be the specific MT4 platform which everyone should want, and should you own EAs, the hedging issue is easily bypassed by opening two accounts and running your longs in shorts and one in another. But past that, I would have no idea what MB is seeing, testing, or awaiting at this stage. It's just been three days since the upgrade. From an IT perspective, that's nothing as you need to make sure every small possibility is doing exactly what it's supposed to.

[aipkm1974a]

Those who use the demonion environment for a gauge are making a mistake. . .and regrettably, that may not change a lot dependent on the fact that MB has always been woefully bad in the Demo world, which I won't ever know. IndyTrader, Thank you to your reply and your insights. Could you please explain exactly what you mean precisely by the demonion being unstable? What is some differences between the live and the demonion since I downloaded their presentation less than a week past. Thank you

[Makhaaml]

, thanks to your reply and your insights. Could you please clarify what you mean precisely by the demo being unstable? What is some differences between the live and the demo because I downloaded their demo less than a week past. Thank you Um. . .the demo may not work on any particular day, orders will probably get stuck, the statements are off, and the system crashes frequently. This is the best I can guess it MB Trading views their demo environment for a place where they can test their own system updates and where an EA programmer (for instance) may come test their EAs to tweak and see whether they can perform MB's ECN versus a normal MT4 bargain desk. If, on the other hand, you're considering conducting an EA for a week to observe how the EA PERFORMS (instead of merely demoning it works and then moving to live), I would almost guarantee that you would run into some sort of trouble over the course of a week. Somewhere between a single order becoming stuck, all orders suddenly getting stuck, and/or your entire account not making sense. Just depends upon the week and also what they do to the environment. But the funny thing is, and they'd likely only say well this is the way it should be, I bet you're never have a problem with their Live environment once you get the EA to perform (not work over time) within their demo atmosphere. That makes sense to you. I really don't know how else to describe it. Other brokers possess Demo environments that force you to believe you'll always have a perfect world, perfect fills, and what perfect so you wish to exchange through them. MB Trading basically states, We don't care about making you comfortable, but come commerce with us. And when you do, life is great. . .lol.

[aipkm1974a]

Thanx bro, lol perfectly understood. Really after reading this, almost all of the above is simply happening to me right now. I'm now currently in a commerce up 55 pips and that I can't even close it. When I go to close it, it tells me No link....it's stuck. I contacted support during chat and he quoted me Our presentation is temporarily unavailable due to upgrades and testing I noticed that my P/L aren't balancing. I guess you were totally right about their presentation, not too great at all.

I just hope we can go live shortly with the MT4 platform or else that I really don't know who to go with in the meantime...

[Makhaaml]

Thanx bro, lol perfectly known. Actually after reading this, virtually all of the above is just happening to me. I'm now currently in a trade up 55 pips and that I can't even close it. When I go to close it, it tells me No link....it's stuck. I contacted support through discussion and he quoted me Our demo is temporarily unavailable due to upgrades and testing I noticed that my P/L aren't balancing. I guess you're completely right about their demo, not too good at all.

I only hope we can go live soon with all the MT4 platform... Yeah, their Demo was down for the last five hours. I rest my case. Live flies along nicely though...

[Fyz]

So I dont quite understand MBT, because superior NO DEMO at all this one.... Weird

[wayll]

Is there anyone, who trades MBT MT4 live? I just need to make sure and double check before shing my live account to them that their live environment is nothing like their demo, which only stinks. How is the order implementation and overall experience?
Thnks.

[Pilem2214]

There live is much better then there demonion,

[Makhaaml]

I am in the midst of searching for an ecn broker for the new egy. I thought MBT could have fulfilled my standards but it did not, that is a pity. The drawbacks are as follows:

Disadvantages:
The platform is too cluttered, especially with all these floating windows.

Improvements:
Display buy/sell on window.
Option to show separate transactions of the same instrument on place window, and display the full price rather than the aggregate foundation.
Grouping of open orders.
Better charting capacity.

Other than that, I believe that the platform is good, especially with all... I presume you are talking about the Nav and not MetaTrader? I utilize Meta through these for a few things and Nav for others. Nav is much more customizable. I enjoy the floating windows because I will lay out my display however I want. Better charting is fine, but that is what Nav Pro is going to be around. In terms of the separate trades item, that is a function of an ECN and not a desk. As you desired an ECN, you can not get around that (should be a hint if a broker says they are ECN but does not aggregate). Execution stone though, and the Nav order forms are spectacular.