MBTrading

[bexabarr]

I started trading live a couple of weeks ago, and everything is going great. I took a trade today and for some reason I couldn't close my trade. So I quickly got on the MBtrading website on the live chat, and communicated my problem. The guy was extremely helpful, and with the "at your service" thing the efx platform has on the help menu the guy actually took control of my computer remotely (after I gave him permission of course) and he fixed the problem. Not only did I end up with + 150 pips in just one hour (crazy trade that I will never be stupid to try again) but also reassured that I have a broker that is there the second I need them. It was the coolest thing, seeing the mouse move across the screen while this guy (who knows where) fixed all my problems. I'm a happy camper and wanted to let people know my broker experience. Good luck to all

[dobro]

Does MBTrading use MT4 or their own platform? d

[bexabarr]

No they don't. They have a simple (and at first seemingly complex platform- which grows on you though). What I personally do is use the Alpari demo account with MT4, where I analyze potential trades and then input my trades into the the MBT platform. I have dual monitors so this works really well. Good luck.

[Mr Average]

I've been pleased with EFX so far too. And I now find their interface very easy to use - their charts via FXTRek are rubbish though.

[bexabarr]

Mr Average... I agree 100% - their charts do really suck! Once you use the platform for a bit, it becomes really easy to use. There are a couple of videos on the MBT website that do a good job at explaining the platform. They work on commission by the way, a little different than most brokers - they win whether you loose or win - which I like.

[goingshort]

Medved's QuoteTracker has an EFX feed on it. You can watch charts from there.

[MBT SEAN]

Hello All,

I wanted to introduce myself I would be happy to answer questions about MB Trading.

MT4 to my knowledge only works with a deal desk since we are an ECN broker it is not possible to connect the MT4 platform to our firm. I have heard that the MT5 will work with an ECN model broker but this is not confirmed.

Regards,

Sean Lydiard

Institutional Business Development
Direct Dial 1.310.491.9265
Fax 1.310.878.0302


MBT Institutional
Division of MB Trading, member NASD/SIPC
1926 E. Maple Ave. 1st Floor
El Segundo, CA 90245, USA

[4xStar]

Hi .. I just signed up with EFX Group, I posted some reasons for it in other threads. I was with MB Trading for equities a few years ago and never had a problem with them. Customer service always prompt & friendly. I am looking forward to a similar experience with Forex.
With my prior broker, my impression was that *I* was trying to succeed .. they were hoping I failed. Maybe not, but that was the impression & it was not comfortable.

I do have a question .. a friend's daughter wants to open an account & she is fresh out of college, only working a few months, basically very low net worth, but she has $2k she is willing to risk & understands the risks involved, that she could lose it all. Can someone like that open an account or do they have to have some sort of minimum net worth??

[4xStar]

I've run into a snag with my new MBT account .. I was going to fund it and find they only accept wire transfers OR checks that are mailed (not even online checks!) and they have a 10 day hold for checks unless you send them a bank statement showing the check has cleared .. which means at least a 5-7 day hold. There is no quick way of funding without paying the $25 or more wire transfer fees each time.
Not good in the 21st century!

So I may have to look elsewhere even tho I did want to trade with an ECN.

[Ceci N'est Pas Une Pip]

I don't like the interface but do like the ECN. It seems though that the trailing stop loss is different than in MT4.

Also is there a way to modify stop losses once the original order has gone thru?