FORGET ABOUT OANDA, new kid on the block is..

traderviper......

The spreads do widen a little on MBT. I can't say exactly how much because we do not have fixed spreads but I can say it's within reason. I would not expect for you to find it unusual or abnormally wide. The best way to see for yourself is to sign up for a demo. The demo quotes are the same as the live quotes. The only difference is fake money in the demo.

Regards,

Steve
 
Steve, i noticed that, on the demo account at least, that the spread go inverted quite often in fast markets.
eq EURUS 1.2708-1.2704

Is this situations tradable, i.e can customers get fills on those inverted spreads?,
 
waelmg....

Sometimes this can happen but generally speaking it is not tradeable because the bank with the "stale" quote is sending an update simultaneously. Usually you will only see it for a second or so before the update comes.

Regards,

Steve
 
Quote from MBT-Steve:

waelmg....

Sometimes this can happen but generally speaking it is not tradeable because the bank with the "stale" quote is sending an update simultaneously....
More...

MBT-Steve,
I think this happens from time to time on IB's IdealPro. Sometimes banks will not transact your trade at the 'stale' price, even though it was on the system. However, if a non-bank participant were to have a 'stale' bid/offer on the system, he/she would be committed to that if someone lifted it. This does not seem to be an ECN to me, but ECN-like.
 
granville..........

The difference in this example is that if a non-bank participant had a quote that was displaying it wouldn't have the possibility of being stale. That is because as an ECN the quote would have been pulled down if the participant had been filled (for the full amount of the size displayed) automatically so if the quote is still there then it is good and if hit/taken it would fill. The banks on the other hand need to still update their quote once they have exhausted their quoted size just like you would see on a nasdaq stock. I realize it is not exactly the same but it is worth the close comparison.

Regards,

Steve
 
Quote from MBT-Steve:

hi patrick............


We charge .50 per 10k so if you bought 1 lot of usd/jpy it would be .50

You can trade in any increment. so yes.... 1.5 lots is fine

There is no charge to use our front end.

Whatever is posted is honored. Please keep in mind that if someone traded ahead of you then it could theoretically move the quote.

I hope this helps.

Regards,

Steve
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Hi MBT-Steve

I do like MBT platform, but commissions for EUR/USD 1.28*$50=$64 per Million, and for GBP/USD 1.9*$50=95 per million comparing to Hotspot are too high.

with Hotspot, $30 per million, no matter which currency pair.

Will you reduce the commission to that level?
 
MBT-Steve


If you start lowering your commissions,
people will start switching from other
brokers(even Oanda) to you.

I think that's holding back a LOT of people.
 
Quote from trader.fx:

I don't like their trading platform, prefer Meta Trader 4, with easy automation/programming and great charts.

Hope they will have it engaged one day.
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Hi MBT-Steve,

any plans to have Meta Trader 4 as one of trading platforms @ MBT ?

Than i definitely open an account :)
 
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