I am with IBFX and is a mix of Oanda and Forex.com, the spreads are great but go widder up to 10 pips and everyday they have a 3 minutes trading halt. If you are a scalper or day trader ibfx is not for you, forex.com neither, many requotes. If you are swing or position trader any broker will be good.
I’ve seen lots of love for Oanda so far on this thread, which is encouraging as I have been looking at them as well as FXCM and forex.com. MB Trading is the other one that, to me, looks good from what I see on their website. Anyone have anything on MB? I’ve seen the typical love/hate “reviews” on other sites so just curious if anyone here has any firsthand knowledge.
I looked at MB as an option for using Trade Interceptor and then found that its not really offered by TI. So, I did not look too closely. However, it looks interesting and I’m interested in learning more. Does anyone know if they allow Micro or Mini lots? I never jump full-in with a new broker. Learned that lesson to many times.
Well I have the meta trader 4 platform downloaded n so far so good, spreads seem to b good, got a lot of tools etc ( can be a little overwhelming for a newbie like me at times) trades a lot of markets to. I think am gonna stick to it for a while and try n get used to it. So far its better than the rest I have tried like etoro, fxcm, oanda and forex.com.
From what I saw, they (MB) do offer mini lots for metatrader or for their own platforms, plus it looks like they have a “free” EXN plan in addition to other options. Looks like you can pick your poison based on what works best for you, which looks good on paper – just curious if anyone has any more in terms of how they are compared to the others like Oanda, FXCM and forex.com
Hi, when you say MB, do you mean MB Trading? Is it good when it come to GBP if it’s the base currency or as long as it’s one of the currencies in the pair? Have you been using this broker? Thanks!
Yes, MB Trading. Sorry for the confusion. I’m in the US, so not sure about the base currency being GBP or how good or not good it is – I do think MB Trading does have a UK presence now, too, so that might be worth looking into and a better answer for you, that is, if you’re in the UK! I did finally open a live account with them and so far, I think they’re a solid broker. I won’t sit here and say they beat all the other brokers because I think we all know each of them have their issues, but in my experience so far, MB Trading has met my need in terms of the basics like execution, tight spreads, etc. I will say that one of the things I came across while researching various brokers is that MB Trading maintains a pretty solid presence in the Forex Factory broker forums and reading through chunks of that forum gives you a good idea of the good and the bad with regard to MBT. They seem to be pretty attentive to any needs/issues that people bring to their attention and I liked that they investigate issues that are brought to their attention and they face up to things whenever they do have technical issues. You could probably make arguments all day long for or against any broker, but knowing they all have their issues from time to time, I think it’s more significant to see how the brokers handle things when the do go wrong. Anyway, my experience with them has been really good thus far.
Has anyone checked out MahiFX yet? They’ve launched now and according to the press they are offering pricing down at EUR/USD 0.8 pips, EUR/GBP 0.8, USD/JPY 0.8. I’m just about to log into the demo account and see if the platform is any good