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Thanks SD,
New to forex, so 400 minimum is this what they call a micro account? Also, this would include free NT datafeed. Also, are you using them as ECN or by spread?
400 would be a micro account which normally trades 1000 lots. The account I use has a lot size of 10,000. I guess this a step above a micro. I have never tried to trade anything below 10K. Value wise, 10,000 basically equals a dollar a pip. 100 pip move = 100 bucks.
They provide a datafeed however, it is not the best on heavy volume days. However, if you trading daily bars then it does not matter. See my post here:
Evaluating new data providers. The attached chart is from Friday. Ugliest Better Renko chart you will ever see! :ahhhhh:Prices were all over the place. Used broker data from MBT.
SD
I am going to do a comparison tonight to a good data feed.
If I understand your question; Yes, they have thier own ECN which is part of the appeal. The spreads are really low. Normally 1 pip for the euro. Commission is awesome as well; less than a 1.20 per round trip.
now for the disclaimer: MB and NT7 dont get along real well. Especiallly for positions held through rollover, which happens daily between 5 and 5:15. see previous posts in this thread.
I am using the 30 day free data feed for Ninja Trader from PFGBest.
With MB Trading, there is a problem. The tick data is available from the time you open the chart and no historic data is available. I tried to contact their online help but no answer after 3 attempts of around 8 to 9 minutes wait each time.
I called their US office and put on hold for 27 minutes first time and 8 to 9 minutes on second attempt. After this waiting time, I disconnected the phone.
At the same time, at PFGDirect, the online help was available in 2-3 mintues.
The above is my experience. I am in no way connected to any broker.
