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credit or rebate for marketable limit orders executed on broker platform
One of the brokers I use for forex gives me a credit or a rebate when I place marketable limits that are executed on their platform. Does anyone else use a broker that does that?
Can you help answer these questions from other members on NexusFi?
I use MBT - are you looking to move to a new broker? And if so can I ask why. I find them pretty good, although my data and order connections do click off and on a few times every week.
I do not know off any other brokers offering similar commission packages. Strange that no one else has copied the model - and makes me think perhaps it is not sustainable longer-term?
if I'm leaving that broker or not. They do go a long way to piss me off almost every time I interact. The thread/question was designed for a different purpose. I want a smart C# person to make an indicator that adds a few buttons to the chart trader OE.
The new buttons would be designed to carp the market by bidding or offering just inside the displayed market. Say instead of buy market, you had a button that would buy the bid + a fractional tick or buy the offer - a fractional tick. So you would need 4 new buttons added. Each time you could try for a price improvement and possibly collect the rebate, right.
Not me, I'm still wearing arm-bands when it comes to coding and I would not got near coding bespoke orders. That said, I enter / exit with limits about 50% of the time so would like to test this out to benefit from the rebate - every little helps.
Can see how this would represent a improvement for scalpers in particular.
