Thread: MBTrading could have been the best broker

Originally Posted by ;

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.

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.

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?

Originally Posted by ;

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.

Originally Posted by ;

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

Originally Posted by ;

, 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.

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...

Originally Posted by ;

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...

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

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.