ECN Broker - MT4

This is a discussion on ECN Broker - MT4 within the Brokerages forums, part of the Commercial category; Originally Posted by Shakone There is no free trade plan with MB Trading. If you enter or exit with market ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Oct 9, 2011, 9:01pm   #51
Joined Jan 2011
Re: ECN Broker - MT4

Quote:
Originally Posted by Shakone View Post
There is no free trade plan with MB Trading. If you enter or exit with market orders, you'll be paying $2.95 commission per $100K. If you use limit orders, you'll get paid $1.95.
hmm? did you have a look on their webpage lately?
chrisbliss is offline   Reply With Quote
Old Oct 9, 2011, 9:04pm   #52
 
Shakone's Avatar
Joined Feb 2009
Re: ECN Broker - MT4

Yep. Always check the small print.

"MBT offers two forex pricing models. In the Free ECN model, MB Trading makes money on each forex trade from a small markup embedded in the spread, which is a portion of the difference between the bid price and ask price for commission free trading.

In the Pay for Limits model, the term "Payment for Limit Order" refers to a non-market order which is not immediately executable and rests on the internal limit order book for some period of time, thus adding liquidity when another order of equal or greater value fills with the resting order."
Shakone is offline   Reply With Quote
Old Oct 9, 2011, 10:24pm   #53
Joined Jan 2011
Re: ECN Broker - MT4

I guess I must have displaced my magnifying glass
thats allmost false marketing, or IT IS! calling it free when it's not free at all, sneeky MBT!
chrisbliss is offline   Reply With Quote
Old Oct 9, 2011, 10:33pm   #54
Als
Joined Jul 2010
Re: ECN Broker - MT4

Quote:
Originally Posted by chrisbliss View Post
I guess I must have displaced my magnifying glass
thats allmost false marketing, or IT IS! calling it free when it's not free at all, sneeky MBT!
hi chrisbliss!

havent heard of your live acct. with divisa for some time

is it still kicking?

you know my doubts.........
Als is offline   Reply With Quote
Old Oct 9, 2011, 11:08pm   #55
Joined Jan 2011
Re: ECN Broker - MT4

Hi Als! yes I still have it, but I haven't been trading there for a while,
I had a big loss on my acount, I lost about all I had on Divisa which was the minimum deposit,
I overtraded the acount so it's my own fault, not theirs. trading and alcohol is NOT a good combination, LOL, Im trading my other acounts now until I get back on track, still got money in them so far, heh
chrisbliss is offline   Reply With Quote
Old Oct 9, 2011, 11:24pm   #56
Als
Joined Jul 2010
Re: ECN Broker - MT4

Quote:
Originally Posted by chrisbliss View Post
Hi Als! yes I still have it, but I haven't been trading there for a while,
I had a big loss on my acount, I lost about all I had on Divisa which was the minimum deposit,
I overtraded the acount so it's my own fault, not theirs. trading and alcohol is NOT a good combination, LOL, Im trading my other acounts now until I get back on track, still got money in them so far, heh
big loss.........this is what i suspected as a coz of your silence

pity.........

i hoped to get some info from you about divisa

what are other brokers you are trading with?
Als is offline   Reply With Quote
Old Oct 22, 2011, 6:37pm   #57
Joined Aug 2009
Re: ECN Broker - MT4

has anyone got experience with LMAX? I have just opened an live account to check their spreads. Not traded yet. they look good on paper, well web, I mean. $2.5 per 100k ($5 per round trip), raw spreads (around 0.5 on average), even inverted bid/ask. They currently offer API trading and MT4 soon.

Any comments or experience please?
alex2006 is offline   Reply With Quote
Old Oct 22, 2011, 6:38pm   #58
Joined Jan 2009
Re: ECN Broker - MT4

JDTRADER started this thread
Quote:
Originally Posted by alex2006 View Post
has anyone got experience with LMAX? I have just opened an live account to check their spreads. Not traded yet. they look good on paper, well web, I mean. $2.5 per 100k ($5 per round trip), raw spreads (around 0.5 on average), even inverted bid/ask. They currently offer API trading and MT4 soon.

Any comments or experience please?
Trade Station FREE Comm
JDTRADER is offline Coach/Trainer   Reply With Quote
Old Oct 23, 2011, 1:06am   #59
Joined Aug 2009
Re: ECN Broker - MT4

???
alex2006 is offline   Reply With Quote
Old Oct 23, 2011, 1:59am   #60
Joined Jan 2011
Re: ECN Broker - MT4

Im also interested in them,
I tell you what I found out so far,
they apear to be located in United Kingdom,
atleast that is their adress.
they have their own thread over at FF,
you can read a lot about them there,
I haven't any direct trading experience with them personally,
but to my understanding they are a commision based ECN broker,
the guys in FF seems to be very happy with them from what I can tell,
I also think they do not allow hedging but not 100% sure on that,
their standard trading application pretty much sux,
it is apparantly some poor java web program,
but note, the broker can still be great,
you can get a very good professional platform ( MultiCharts )
but it cost you 60usd month which is a bit much I think,
you can not trade microlots, minilots are the smallest.
the smallest deposit is 5000 us dollars,
they are regulated by FSA number 06505809
there is one strange notice in the FSA register,
(Able to hold and control client money)
I don't really know exactly what that means but it could mean that
the acounts is not segregated? and they are able to keep it?
hmm that could be a little bit troublesome!? :/
thats pretty much is all I know about them,
if you find out more maybe you can post it here.
if you really have a live acount with them you are perfect for the job.

Last edited by chrisbliss; Oct 23, 2011 at 2:39am.
chrisbliss is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
ECN Alpha - The Best ECN Broker [10% Deposit bonus, now] victorecn Brokerages 0 Dec 1, 2010 12:05pm
ECN Alpha - The Best ECN Broker [10% Deposit bonus, now] victorecn Brokerages 0 Dec 1, 2010 11:58am
The best ECN broker epic767 Forex Brokers 37 Oct 28, 2009 8:01pm
ECN Broker specifics MythosKid Forex Brokers 5 Sep 9, 2009 10:55pm
FXOpen’s MT4 ECN is much better than originally thought miko432 Forex Brokers 6 Jul 27, 2009 9:29am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)