ECN Broker - MT4

This is a discussion on ECN Broker - MT4 within the Brokerages forums, part of the Commercial category; Originally Posted by alex2006 yes. full instruction should be with you in the emails. Their bank doesn't support same day ...

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Old Dec 9, 2011, 4:53pm   #99
 
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Joined Nov 2010
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
Joined Aug 2009
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
Joined Aug 2009
Re: ECN Broker - MT4

you are welcome
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Old Dec 12, 2011, 6:39pm   #103
Joined Aug 2009
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, 5:45pm   #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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Old Mar 12, 2012, 6:16pm   #105
Joined Jan 2011
Re: ECN Broker - MT4

for that kind of money I would go with either Barx, Barclays Capital or LCG, london capital group
I didn't trade with them personally because I don't have that much to play with,
but I hear thats two of the places where many of the pro's trade,
I think they can set you up with any trading platform.
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