MBT Navigator

Beginner Questions
1

I’ve practicing with a Metatrader 4 demo account for a while now and it’s been a blast; the platform is quite easy to use and everything well laid out (imo) I finally decided to go live a few days ago and in my search for the near-perfect broker(which I guess I should have done before I started with MT4) the only broker I could find that almost matches my requirements (ecn, low minimum deposit) was MB Trading. I downloaded their demo platform “MBT Navigator” and installed it on my PC - I have to say this program is one of the worst programs I have ever seen in terms of aesthetics and functionality. I don’t even know how to place a market order with a stop-loss and take profit… is their a guide/tutorial that would help me understand this program; I tried the guide at the MB trading website and it’s not really helpful.

Thanks… :slight_smile:

2

First, MARKET ORDERS should be use only when you are in a panic.

Otherwise, you expose yourself to “slippage”.

I use the NAVIGATOR.

If you don’t read the instructions or learn from the tutorials, then you just have figure it out on your own.

You can call MBT and they will walk you through it. But without effort on your part, you’ll just frustrate yourself.

I enter my LIMIT orders from the LEVEL II window. You can click on any price and it will load into the price box. Then you can click on the BUY or SELL button. It’s simple and quick once you get the hang of it.

3

[B]Their platform is not actually user friendly seems complex to use but they are honest ECN broker. I hope Once you become familiar with their platform you may find them good:) They are best for scalping. Though i am not a Scalper but i am seriously thinking to open a live with Efx Group just for Scalping…
PipHacker:) [/B]

4

EFX Group is an IB for MB Trading and they have a new platform that is supposed to be very good … you might check them out … it is still with MB Trading, you just go through EFX Group

5

Hello All,

I am new to this forum but would be happy to answer any questions you may have about MB Trading.

Skykal you may find this link helpful.

Please keep in mind the MB Nav is a design used for equities trading by professionals and active retail users. As such it takes a little more getting used to the a typical FX board but once you understand how the Nav works it is really quite simple. Please take a look at the tutorials and if you have anymore questions simply contact customer service at MB and they will be more then happy to walk you through the Nav.

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

6

I traded with MBT for awhile and agree once you get used to the platform it is easy to use. Be careful with this assumption about ecn. Like many brokers they have different ways of routing your orders and anything below 100,000 base cannot be routed to the market. I found at times at sub 100,000 amounts their liquidity even outside news times was insufficient to get fills without several pips slippage and their commission is extremely high

7

Wow! Thanks indeed Tony. :slight_smile: :slight_smile: :slight_smile:

This is some of the best information I have been able to get about EFX that they will not tell you directly.

8

Thanks for the replies everyone. The tutorials and the webinars(videos) on the MB Trading website were very helpful.

“TheRumpledOne” - I now understand why one should use a limit order instead of a market order… thanks

“MBT Sean” - Thanks for the link…