Originally Posted by Currenex4all »

Please feel free to post any questions you have regarding Currenex and/or our White-Label partners. I’d be more than happy to address them.

Regards,
Richard

Hi Richard,

Can you confirm this Currenex related picture by dukascopy? http://www.dukascopy.com/swiss/engli...usiness_model/ Is Duka your client?

[peterfx]

Originally Posted by Cory2679 »

I've been researching ECN forex brokers, and I've almost decided on mb trading.

I have the following list of criteria (which mb trading seems to meet):

• No dealing desk
• Straight through processing
• Full-time ECN
• CFTC registered FCM
• NFA member
• 100:1 leverage
• Competitive execution, spreads, commissions, etc.

My questions for this thread...is there any particular reason why anyone would recommend not going with mb trading? Is there any ECN forex broker that anyone would recommend over mb trading for any particular reason?

Thanks,

Cory

I like mb trading for stocks trading, in which they are very good, but for forex-trading they are too slow for me. alpari is my favorite forex-broker and I recently started checking sunbird fx demo because I read good reviews about the performance of this broker. So far, it is as fast as they say, but it don't have a live account yet..

[peterfx]

Originally Posted by Cory2679 »

I've been researching ECN forex brokers, and I've almost decided on mb trading.

I have the following list of criteria (which mb trading seems to meet):

• No dealing desk
• Straight through processing
• Full-time ECN
• CFTC registered FCM
• NFA member
• 100:1 leverage
• Competitive execution, spreads, commissions, etc.

My questions for this thread...is there any particular reason why anyone would recommend not going with mb trading? Is there any ECN forex broker that anyone would recommend over mb trading for any particular reason?

Thanks,

Cory

I used to have an account with MBT for both forex trading and stock trading. I think it is a very decent broker, but its performance in forex trading is slow for a real ECN broker. So, if the speed of the system is not important for you, I would recommend this broker. I would also recommend for you to try alpari UK, which is my prime broker and it is very fast. The minus there is the large deposit that they require, so if you look for smaller deposits (100$) try sunbirdfx, which is a real ECN broker with great performance and customer service.

[futurescalper]

Originally Posted by Cory2679 »

I've been researching ECN forex brokers, and I've almost decided on mb trading.

I have the following list of criteria (which mb trading seems to meet):

• No dealing desk
• Straight through processing
• Full-time ECN
• CFTC registered FCM
• NFA member
• 100:1 leverage
• Competitive execution, spreads, commissions, etc.

My questions for this thread...is there any particular reason why anyone would recommend not going with mb trading? Is there any ECN forex broker that anyone would recommend over mb trading for any particular reason?

Thanks,

Cory

I just noticed this thread. I have experience with precision scalping using mb trading in the EUR/USD Forex market.

You are correct. mb trading is the best choice.

What's wrong with mb trading? Nothing. However, I've heard their support channels and policies might be a bit "byzantine" in the sense that sometimes things might be done simpler. But is that a criticism? I don't think so.

What matters for me is that mb trading implements a true ECN which tolerates unrestricted scalping, pays me for adding liquidity (so I pay very little commission) and is rock solid.

For my needs, which are hundreds of precision scalp micro trades per day, there is no better deal, especially for the small Forex trader. Then you need the software to precisely use their ECN, and their own trading platforms are somewhat "ho hum"... Best to use a specialized platform, especially for scalping and getting commission credits, rather than paying commission.

[futurescalper]

Originally Posted by peterfx »

I used to have an account with MBT for both forex trading and stock trading. I think it is a very decent broker, but its performance in forex trading is slow for a real ECN broker. So, if the speed of the system is not important for you, I would recommend this broker. I would also recommend for you to try alpari UK, which is my prime broker and it is very fast. The minus there is the large deposit that they require, so if you look for smaller deposits (100$) try sunbirdfx, which is a real ECN broker with great performance and customer service.

I wonder whether you're talking about their MetaTrader implementation. Originally, in developing my software, we desperately tried to use MetaTrader EA's. But the performance was not only horrible, but inconsistent. Waiting like 10 seconds for fills.

So, reluctantly, we moved over to their proprietary API. Now Forex fills are roughly 500 milliseconds, start to finish, and extremely consistent performance.

So, their MetaTrader 4 implementation is/was just awful. But by using their API, we can analyze their realtime ECN DOM, so we get way more information and control. I do literally hundreds of scalps per day, and performance is fabulous.

[Trader1]

is anyone using MBT UK and MT4? how is your experience?

[futurescalper]

Originally Posted by Trader1 »

is anyone using MBT UK and MT4? how is your experience?

In creating a Forex micro scalping platform we began with MT4 and used EA's to do socket comms, etc. In the process we had very inconsistent and very slow execution, "hangs", etc.

In my view, mb trading provides MetaTrader more or less as a "necessary evil", since MT4 is so popular. The implementation (about a year ago) left much to be desired. My speculation is a bunch of scripts on some unix boxes at their "bridge provider" resulted in very slow and inconsistent results.

So we switched to their proprietary COM API, wrapped up with C# .Net, which was a major hassle. The upside of that was that we had access to the live Euro DOM for analysis purposes, and order entry times dropped to very consistent sub-second executions, every time.

I learned that MetaTrader implementations, particular in the context of ECN's are certainly not all the same and was not able to achieve my goals through their MT4 implementation.

On the other hand, by integrating with their own API, which was a huge effort, we are in a much better position for Eur/Usd scalping.

mb trading is a great service, and their Forex is second to none, but most people equate Forex with MetaTrader and it was in that area where I was disappointed.

Just my experience. HyperScalper.

[Trader1]

I used to trade with MBT Us, and you are correct about MT4 being a neccesary evil, it didn't work very well and I was very disapoited up until I stopped trading with them, that was about a year ago, since then they have opened in Uk and maybe they upgraded their MT4 by now?
maybe I should have another go with them. btw, they are not a real ECN, they admitted it before in FF, they are some kind of hybrid ECN, not really sure how that work, they got very nice spreads on Fx though, is someone using their MT4? can you tell me your experience? cheers