Does anybody have experience trading with MB? How reliable this thing is?
A quick search of the forums will get you your answer.
Go with EFX Group, which is the Forex specialty for MB. The have a major thread on Forex Factory.
Yes this is reliable, I use it for some of my trading but it is VERY expensive and not a true ECN despite their claims
What makes you say that, Tony?
Well the biggest giveaway is that they allow trading of part lots. You simply cant do that on the real market (In fact my ECN has a minimum above 2 lots). So they must be doing some internal matching to process these, hence you are not straight through to the real market. Whilst their prices and volatility seem to match the real market more than most thats not the point. Either your order is going direct into the market or its not and pretending it is is duplicitous. I use them for smaller orders below the minimum accepted by my ECN
Interesting. Thanks for the info.
BTW, you probably said it before, but which ECN do you use?
Interactive brokers and Dukascopy. The former is something I am trying out as a result of a recommendation from Jimmymac
Thanks Tony.