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MB Trading
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MB Trading

  #41 (permalink)
Elite Member
Greensboro NC
 
Futures Experience: None
Platform: TOS/ NT Dorman
Favorite Futures: ES TF CL
 
Rad4633's Avatar
 
Posts: 1,352 since Sep 2011
Thanks: 2,651 given, 886 received


delf View Post
Hi Rad4633,
what broker have you found that works best with NinjaTrader? Actually I'm trying to trade ATS with combo NT+MBT and I'm having a loooot of problems to make that works.

I am with Optimus now

This was a old post, BUT I STATE AGAIN I HAVE USED 3 PLATFORMS BROKERS SINCE AND HAVE NOT CHANGED MY MODEM OR PC'S AND HAVE NOT ENCOUNTERED ANY OF PROBLEMS I DID WITH THEM.AND THEY ALWAYS SAID IT WAS MY FAULT.

Also I wont mention I entered a ARO trade with them should have got filled .15 cents or so I got filled .73 since below my entry. Owner was going to talk to me but never heard anything!!!!!!!!!!!!!!!!!!!!!!!!!!!!! issues and I think this was a 1000lot trade just saying glitches

so yes I dont care for them they did not take care of me, and I have not experienced any issues like this sense, sorry MB lovers just my facts not hear say


Last edited by Rad4633; September 25th, 2012 at 09:52 AM.
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The following user says Thank You to Rad4633 for this post:
 
  #42 (permalink)
Elite Member
NC, USA
 
Futures Experience: None
Platform: None Yet
Favorite Futures: Guitar
 
MrYou's Avatar
 
Posts: 403 since Jun 2011
Thanks: 618 given, 193 received

I've also been reading on another forum an NT user who regularly experiences disconnects (late at night) and as a result is experiencing "phantom orders". So I'm a little nervous about considering them.

Thanks for the update Rad4633.

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  #43 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received


Received this today:


Quoting 
Dear Valued Client,

Effective November 1, 2012, MB Trading Forex will change the fee for clients engaging in ultra-high frequency FX trading, also known as the HFT fee. This fee is incurred when an account has a high number of order message requests with minimal trade executions. The high frequency message fee is a pass-through fee that is related to a recent charge associated with trade reporting costs now enforced by the NFA. The vast majority of customers do not currently incur these fees.

The revised HFT fees will only apply to clients who have less than 20% executions of their total messages sent during a trading session (from 5 pm EST to 5 pm EST). These messages include: New, cancel, and change/replace order messages. Please note, this fee only applies to client side generated messages. Any messages which are generated by our servers, for example price changes on trailing stops, do not apply. The fee remains at $0.005 per request sent that day on symbols meeting the high frequency message criteria.

This fee will be assessed daily during the maintenance clearing process.
For example, if you submitted:

100 orders for a symbol + 60 change orders + cancel 40 of the orders = a total of 200 order messages for the day.

Of these 200 messages you received 20 executions (fills) on that symbol for the day, this would be an execution rate of: 20 Executions / 200 messages = 10%.

You would therefore not meet the minimum requirement of 20% fill rate; you would be subject to the $0.005/message fee computed as follows:

200 messages X .005 msg. fee = $1.00, applied on that day’s fee report for that symbol.


If you have any questions or concerns, please feel free to call our office 888-628-3001 or e-mail mbtfix@mbtrading.com.

Regards,

MB Trading Forex

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
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If you want
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  #44 (permalink)
Elite Member
Rio de Janeiro
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire, IB
Favorite Futures: Equity & Futures
 
prisonbreaker82's Avatar
 
Posts: 312 since Jun 2010
Thanks: 57 given, 141 received


Rad4633 View Post
I am with Optimus now

This was a old post, BUT I STATE AGAIN I HAVE USED 3 PLATFORMS BROKERS SINCE AND HAVE NOT CHANGED MY MODEM OR PC'S AND HAVE NOT ENCOUNTERED ANY OF PROBLEMS I DID WITH THEM.AND THEY ALWAYS SAID IT WAS MY FAULT.

Also I wont mention I entered a ARO trade with them should have got filled .15 cents or so I got filled .73 since below my entry. Owner was going to talk to me but never heard anything!!!!!!!!!!!!!!!!!!!!!!!!!!!!! issues and I think this was a 1000lot trade just saying glitches

so yes I dont care for them they did not take care of me, and I have not experienced any issues like this sense, sorry MB lovers just my facts not hear say



I am using Interactive Brokers at the moment, but thinking of switching to MB, because their flat rate fee in Stocks... The problem you describe, I guess is easily solved with using a external datafeed like Kinetick, right? (I do not like the data feed from IB, so I use Kinetick and it works excellent...)

"insanity is doing the same thing over and over again and expecting different results." - Albert Einstein
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  #45 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received


Rad4633 View Post
MB lays off est 40% staff on Nov 2 , I read it somewhere

UK office

MB Trading folds UK office | Forex Magnates

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #46 (permalink)
Elite Member
Greensboro NC
 
Futures Experience: None
Platform: TOS/ NT Dorman
Favorite Futures: ES TF CL
 
Rad4633's Avatar
 
Posts: 1,352 since Sep 2011
Thanks: 2,651 given, 886 received

US location cut 40% didnt know about UK, hummmm BM

I do not remember where I received info so anyone concerned about MB should do their own due dilegence


Last edited by Rad4633; November 6th, 2012 at 12:26 PM.
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  #47 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received


Rad4633 View Post
US location cut 40%

Link/reference/source please

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #48 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received


Rad4633 View Post
US location cut 40% didnt know about UK, hummmm BM

I do not remember where I received info so anyone concerned about MB should do their own due dilegence

Should MBT customer be concern and pull out their fund before something like PFG happen?

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  #49 (permalink)
Elite Member
Sydney
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: MBT/IB, NinjatraderBrokerage
Favorite Futures: Currency Futures, FX esp. JPYX
 
vincetc's Avatar
 
Posts: 5 since Aug 2009
Thanks: 12 given, 0 received


torroray View Post
Should MBT customer be concern and pull out their fund before something like PFG happen?

I'm a current MB client, and would close my a/c with them if they have just fired 40% of their US staff. However, after some (google, yahoo, bing )searches, the only relevant reference is re MB closing their UK office, which BM has already referenced. So interested to see if anyone can point to a reference about their US staff.....

Back to the thread, I've used MB for 2 years for live intraday FX trading through the NT API, performance is ok, I get reasonable fills during 'normal' market hours, partial/multiple partial fills during 'quieter' period .....lets be honest no broker is going to get you fills during high volatility periods, so either your already on the wagon before the volatility kicks in or you accept the risk of bad fills, no more to say there.

I do have minor issues with MB sometime patchy connectivity, but I'm logged back in usually within 30 secs (the worst was 30 minutes). That no real concern for me as I always have an SL and often a hedge limit order (OCO) incase someone cuts the cable between home and MB servers.

I have limited experience with their customer service, only time I have really needed them was when I needed to reset my password after win BSOD/HDD failure and misplacing hardcopy of my password ...... I was able to speak to a a cust service guy via skype and problem was resolved quickly.

I haven't had any phantom orders for nearly a year now.......

My REAL issue is with MB's 'live' data, personally I have transitioned from being a discretionary trader to a 100% technical trader, which is when I have noticed MB live data is basically crap........most of the time, after I reload historical data in NT, the 5min bars are different from the 'live' data that is being feed through NT, which has been causing me serious heartburn........problem is easily solved........use a 3rd party provider.......

I would be interested to hear what data providers other traders who place their orders through MB are using and their experiences.

Hope this helps other who are considering MB.

will take whatever the market gives.......gratefully
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  #50 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received


Data is totally crap when you need tick precision. So I think that customers are limited to the crumbs that MBT Liquidity Provider toss around. Just imagine when you read Fx is the most liquid to trade and then you get partial fills for 1 or 2 mini order(10,000).

I have a feeling that customers are trading against each other and thats is why they create Pay for Limits and Comission Free program.

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