ECN Broker - MT4

This is a discussion on ECN Broker - MT4 within the Brokerages forums, part of the Commercial category; Originally Posted by alex2006 My execution was ok maybe because my trading size is small, 100k or less? Bigger sizes ...

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Old Dec 9, 2011, 4:22pm   #97
 
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Joined Nov 2010
Re: ECN Broker - MT4

Quote:
Originally Posted by alex2006 View Post
My execution was ok maybe because my trading size is small, 100k or less? Bigger sizes face liquidity issue?

BACS (UK's 3-day bank transfer system)withdrawal is free for UK clients. My withdrawal request was made Friday night, 5 Nov (effectively Monday 7 Nov)but have not received yet until end of Friday 11 Nov.
I've got a small issue with funding my account from Natwest..

How have u fund your mb trading account from UK bank? There is a international transfer(£10 or £27) but has be done in EUR..but my acc. currency is GBP so they wil convert it twice..

Is free BACS/CHAPS available?
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Old Dec 9, 2011, 4:39pm   #98
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Re: ECN Broker - MT4

yes. full instruction should be with you in the emails. Their bank doesn't support same day transfer "faster payment service" which is a shame. But free BACS (via online banking) works fine. Mine arrived after 3days. Make sure you write DO NOT CONVERT when doing the transfer if you don't want conversion to happen. Actually there wasn't enough space. I just wrote GBP-ONLY.
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Old Dec 9, 2011, 4:53pm   #99
 
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Re: ECN Broker - MT4

Quote:
Originally Posted by alex2006 View Post
yes. full instruction should be with you in the emails. Their bank doesn't support same day transfer "faster payment service" which is a shame. But free BACS (via online banking) works fine. Mine arrived after 3days. Make sure you write DO NOT CONVERT when doing the transfer if you don't want conversion to happen. Actually there wasn't enough space. I just wrote GBP-ONLY.
cheers m8

but how have u manage to make a BACS without sort code?

in natwest u've got 4 blank fields :bank, acc nr, sort code and reference..
checked that email, it contains only acc nr..



edit: thing is that acc. has been open with default EUR currency and after my request it has been changed to GBP, so probably there are different policies/step to fund GBP ac

edit 2:...found smth on their website..have u transfered your funds by BACS into :
bank :Wells Fargo Bank, N.A London
acc nr 08542037
sort code 40-51-33
your acc. ref nr. ???

Last edited by mystic; Dec 9, 2011 at 5:01pm.
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Old Dec 9, 2011, 5:12pm   #100
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Re: ECN Broker - MT4

GBP Account We accept Wires and BACS only for funding and withdrawals. Instructions are below: Pay To: Wells Fargo Bank, N.A London
SWIFT Code: PNBPGB2L
A/C No: 08542037
IBAN: GB09 PNBP 1656 7108 5420 37
BACS Sort Code: 40-51-33
CHAPS Sort Code: 16-56-71
Name of Account: MBT Financial UK Ltd Further Reference to: Customer's Name and Account Number with MBT UK

Additional: Clients should specify on their Wire instructions to send in GBP only. DO NOT CONVERT to any other currency.
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Thanks! The following members like this post: mystic
Old Dec 9, 2011, 5:16pm   #101
 
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Joined Nov 2010
Re: ECN Broker - MT4

Quote:
Originally Posted by alex2006 View Post
GBP Account We accept Wires and BACS only for funding and withdrawals. Instructions are below: Pay To: Wells Fargo Bank, N.A London
SWIFT Code: PNBPGB2L
A/C No: 08542037
IBAN: GB09 PNBP 1656 7108 5420 37
BACS Sort Code: 40-51-33
CHAPS Sort Code: 16-56-71
Name of Account: MBT Financial UK Ltd Further Reference to: Customer's Name and Account Number with MBT UK

Additional: Clients should specify on their Wire instructions to send in GBP only. DO NOT CONVERT to any other currency.
Got it, as my account previously was in EUR, email that has been sent to me didn't contain sort code and was only for wire transfer.
cheers Alex!
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Old Dec 9, 2011, 5:17pm   #102
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Re: ECN Broker - MT4

you are welcome
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Old Dec 12, 2011, 6:39pm   #103
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Re: ECN Broker - MT4

On 1 January 2012, the law on how long it will take for most sterling and euro payments to be made will change. From 1 January 2012, sterling and euro payments that are within the scope of this new legislation will need to be processed by the end of the next business day. (Payments Council - Countdown to Payment Services Directive)
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Old Mar 12, 2012, 4:45pm   #104
 
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Joined Mar 2012
Re: ECN Broker - MT4

Can anyone here recommend a good ECN broker to go with as I am looking for a backup provider?

Im looking for Currenex or Intergral and to pay a low comission per million?

Can open with 100k
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