Thread: MBT or Pfgbest?

Originally Posted by ;

I've just opened an account with PFG and so far I'm very pleased.

what platform are you currently using

Since they started to Pay for Limit orders I've never been out of charge in my MBT Commission equilibrium that's nice. I use NT7 and their SuperDOM to put my trades and the mix works very well.

Its a pity they dont trade for the first 5 mins on Sunday opening and should you like to trade weekend openings then they're not your best bet. Although they're great.

Originally Posted by ;

what platform are you using

I use TradeVec.

Originally Posted by ;

Oh I see.. .it's been a while since I had the account there, but great to know they've improved. I still think the 5pm shutdown is absurd though; I've never experienced that anyplace else, and I've used a lot of brokers.

You merely experience that on brokers that are authentic STP and ECN. The rest deal desk in that window.

Originally Posted by ;

You simply experience that on brokers which are true STP and ECN. The remainder deal desk at that window.

No; PFG Currenex never did, and the broker I use today (a true STP) just negotiated together with their banks to maintain liquidity during the 5pm rollover. I have traded just a bit, and like I was saying I have used a lot of brokers, not just the bucketshops so'm aware of the difference.

I know MBT asserts that party line to their customers, but there are techniques to deal with the 5pm rollover aside from simply shutting the entire platform. However, it really does not matter whether you (or anyone else) is happy there; and I know you can certainly do worse than MBT...

I would recommend you to go with MBT.

I am new to trading but I am seeking to open a good size account and would like to exchange place Silver. My dilemma has been trying to discover a good broker. After studying this threat I feel that maybe one of those brokers could work for me. I am unsure MBT does place Silver but PFG appears to.

I am so worried about picking the wrong broker after countless hours of research about different brokers and these bad reviews. There needs to be some good legit brokers.

It's me so concerned about them manipulating my trade and trading against me and not letting me from trades to make profit. Has anybody had that experience with either of these Brokers?

do you know whether there demo accounts are a good representation of how they really work on a live account? I have read a few reviews on different brokers that state the demo is very different to a live account.

Thank you for any help you can give me I appreciate it.

Originally Posted by ;

I am new to trading but I am seeking to open a good dimensions account and would love to exchange spot Silver. My dilemma has been attempting to find a good broker. After studying this threat I believe that maybe one of these brokers could get the job done for me. I am not sure MBT does spot Silver but PFG appears to.

I am rather concerned about picking the wrong broker after countless hours of study about different brokers and these bad reviews. There needs to be some good legit brokers.

It has me so concerned about them manipulating my commerce and trading against me and not letting...

Regarding honesty, both these brokers are I believe. As for trade execution, I did have some difficulties with MBT re slow implementation sometimes. But I am pretty certain it was not broker manipulation, but instead low liquidity possibly, technology problems, etc.. In PFG, I had slow implementation (trading with their Currenex platform-not certain about the others).

I understand your broker concerns, but with either MBT or PFG, you do not have to worry about broker tricks, dishonesty, etc.. That does not mean you'll not have a problem, but if you do this won't be because of them attempting to pull a fast one on you or something...

Re. Demo accounts, since you probably know, the only thing which can be same as live are the spreads; implementation is not exactly the exact same and can not be no matter who the broker is. Demo is a pretend environment with infinite liquidity and perfect execution; live is live Also, demo accounts run on different (and slower) servers than live accounts. I'm pretty certain the spreads/pricing is same demonion and live at each broker though, although you can ask them straight.

Thank you so much TC East this really helps.

Originally Posted by ;

if PFGBest will be rising their leverage a few day

US regulators don't allow higher than 50:1 leverage. So that the only way they can increase their leverage is by simply opening a branch beyond the US that's under different law. MBT did so, opening a branch in the UK regulated by the FSA I think. They offer more leverage through this branch.