I had tradeing with dukas one year, and it easy to see when they start selling or buying and they liftt price, anyhow they system works all the time, i give them several pips, because no problem with them compare to other brokers. they artfificially do prices, so what, other brokers i loose my mind and control of my daily ruoutines, because have to think what to fuck dataffeed not workin or ,...........
I can not complain from Dukascopy. I understand nowbody is perfect and if a broker is just suited to some traders there will be others that would have their needs unaddressed. Anyway, while discussing MB and Dukascopy, I have noticed that the Market Place Dukascopy are quoting which is called SWFX is created and registered under Dukascopy trademark.
I am not sure what does that mean, do they own it, it looks that way. And if they do, but is so popular that Dukascopy are able to give good spreads, then maybe other than the commission they are charging maybe they are pocketing the spread, if so clever dudes. Who is making those spreads in 5 dicimals, what kind of sofware is it that they are using to allow them such speed. I think there is rarely anybody on the bid and offer, it is just a computer sofware tracking the mean Forex. If the bid or offer gets hit, there is other ways that they hedge. They seem to be one step forward from all other brokers. The only thing I am slightly annoyed is that registering via an agent gives you half the commission that I am paying by registerign direct. Anyway, I am still taking that one on the chin.
"The only thing to do when a man is wrong is to be right by ceasing to be wrong." - Edwin Lefevre -
MBT now is the cheapest ECN broker. I dont how long they can last until other brokers follow.
U cost is only spread n enjoy ECN benefits. The disadvantages u need to use Metatrader 4 only to get this privilege. Secondly there is no level II data due to MT4 limitation. I wonder how n when they will fill this hole. I hope they start to open up to all platforms. As advantages encourage traders from other brokers n instrument to start tour n add volume in MBT Forex.
I've used MB Trading for 4 years and I am very happy with them as a broker. Getting paid for limits is great. When I use mostly limit orders, there is definitely a positive impact on pnl.
However, their software dev team just isn't up to snuff. Their iPhone and iPad apps are a total fail(in comparison to other apps that are fantastic) and while Desktop Pro has made some serious strides and has features that no other platform has, the software still is slow, ugly, bloated and hard to use. It seems to me like they are continuing to let it suck on purpose.
In contrast to Dukascopy which has a fully functional platform on Java and iOS that is easy to use and fast and doesn't make you lose money because it sucks. I used MBT web twice, both times I lost money because the software failed to operate in the fashion it was intended. Desktop Pro is tradable software, the Java and iOS apps are garbage. The Dukascopy software has no such issue as far as I can tell.
I'm thinking about opening a small account with Dukascopy just to see how it goes. If it goes well, I will probably move to them once I have 100K+ and can keep the funds in my own bank.
Having to wire transfer in and out adds a hefty "transaction fee" that is not necessary with MB for a smaller account.
Thanks .. just noticed .. europe dukascopy also accepted credit/debit card funding and and the best is NO fee charges .. i need to close and reopen account.. It takes 1 day to receive the money instead of 2 weeks in switzerland .. it is much easier now ... i kinda like dukascopy more .. safety comes first and the pair that i trade the cost is cheaper than MBT n i think the cheapest and dont like MBT metatrader due to i unable to see level II data ... i will come back to them if they open up the ECN privilege to other platforms ..poor me because i have to stop using MC because of that ...