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mbtrading.com (MB Trading)

Discussion in 'Forex Brokers' started by slimjim, Oct 22, 2007.

  1. slimjim

    slimjim Recruit

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    I have heard pretty good reviews about MB Trading on this and other wbsites as well.

    For thos of you who trade with MB Trading, what type of charting software do you use?

    Thanks

    Slimjim
     
  2. Migo

    Migo Private, 1st Class

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    How do you find MBTrading? I'm in the process of joining them now. Any pro/cons?
     
  3. 3BlackCrows

    3BlackCrows Corporal

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    I would say the pros are the fact they seem to be the complete opposite of most bucketshops.

    Only con I can find is the fact you have to pay a commission though this isn't a biggie so long as your profit target is a reasonable amount of pips and you arent trading every 5 mins

    Oh one other con is the rollover rates. Not the best for position traders
     
  4. JanPoko

    JanPoko Private

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    The commission pay is balanced by very very low spreads (believe or not, exceptionaly even negative).

    The rollover rates, however, are really terrible. On many pairs negative in both ways (sell or buy).
     
  5. OzWizard

    OzWizard Corporal Punishment

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    .... even NEGATIVE! Are you saying....

    :err:, this is a GOOD THING?

    Look at some screen shots of MB and their spread widening AND
    inverted market conditions!

    (attachment is a pdf file)

    OZ in Kyiv! :cute:
     

    Attached Files:

  6. pircj

    pircj Recruit

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    Hi, so you suggest that mbtrading is by no means a good choice - at least during news times?

    What do you recommend for news trading?

    Regards, Jernej
     
  7. Administrator

    Administrator Just Administrator :-)

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  8. Pips.Needed

    Pips.Needed Recruit

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    MB Trading and Five Steps

    Attn: Felix and all Other Readers

    MB Trading is corrupt and they also cheat. They really should not do that because they have enough problems with their sub-standard platform.

    I studied the demo for about 7 weeks to make sure I understood it. It seemed to have problems even then. I then gave them a chance with a mini account and I found that:

    they manipulate trades;

    they cut off winning trades;

    they activate trades prematurely;

    they create trades on their own.

    These aren't the no non-sense people that you pitched them to be. I would not recommmend them to absolutely nobody.

    They never accept responsibility and try to throw you off by introducing a red herring or something that has nothing to do with what you are investigating. Or coming up with some doctored or phoney documentation to try to support their lies.

    Now, Felix, if you want be seen as being creditable and not as being a conflict of interest--you should stop taking money for referral fees and running this site simultaneously. You need to make a choice either take the money for referral or shut down your site. Therefore, I'm reporting them to NFA and who they should be reported to.

    I hate to give you this bad news, but it is correct.

    You have a wonderful day.

    Pips.Needed
     
  9. captainamedonia

    captainamedonia Recruit

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    Mt4

    i will be glad if they could use MT4. i am okay with his
     
  10. da_edster

    da_edster Recruit

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    I thought MB was an ECN broker?

    I copied this off their news page when they hooked up skype,
    "MB Trading and MB Trading Futures are affiliates under Manhattan Beach Trading, Inc (MBTI). MBTI offers a proprietary platform, the MBT Navigator, and a smart order route known as MBTX, which intelligently scans market makers, ECNs, exchanges, and dark pools of liquidity for the best available execution price."
    This doesn't read like they are an ECN broker....

    Any replies welcome on this.
     
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