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We are pleased to announce that effective Nov 29 th, 2009, our standard Forex commission rate for all* MB Trading Futures clients will be reduced to $2.95 per 100k USD Traded. For those trading at $5.00, this will be equal to a 41% savings on the cost of each trade executed on our system. This reduction in cost will apply to all MetaTrader4 and MBT Navigator accounts and be automatically set in your trading account at start-up on Sunday, November 29 th.
This is the first of many exciting changes to come as we get ready to enter the New Year.
Only market-makers type brokers put the commission in the spread and they trade against you!
Interactive Brokers adds commissions to their trades in addition to the spread. Most brokers offering Currenex and Hotspot platforms do too. These brokers don't trade against you.
A Forex newbie question:
- your broker account is, I suppose, in USD
- you go Long EURJPY 132.75, covered at 133.19, +44 pips
- do you have to manage yourself the currency risk USD vs EUR, or is it made by your broker ?
In this case, if you go Long EURJPY …
Sam and I did a little back and forth. Non ecn brokers are pretty shady. Take a look at the broker "tools" I showed...
MBT is a great brokerage, low margin requirements as well for futures
and is ONLY brokerage w/ a *fixed* mt4 platform. ie no bs plugins from the trading desk blowing sniffing our your stops, or delayed executions to force slippage.