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

[ElectricSavant]

This is the appropriate "canned" response that you should give, but my previous post, is the longer version

Of course I do not have any affiliation with MB and do not speak for them.

Michael B.

Quote from MBT-Steve:

toby.......

My apologies for not responding earlier. It is not a cost issue but one of suitability. We at MBT are generally more conservative and feel it is potentially not appropriate to accept payment to fund an account that could be creating debt (credit card) for that customer. Obviously trading can be speculative so it is our feeling that a customer should have the excess funds available before they venture into trading. I realize there could easily be exceptions to this which would keep it more convenient for the customer however this is the conservative nature of our firm.

Regards,

Steve

 

[Ivanovich]

Quote from blue_seraphim:

http://www.fxfisherman.com/forums/chit-chat/557-meaning-oanda.html#post4026


if this is indeed oanda, begin to worry.....

LOL...that thread is the biggest joke I've seen in ages.

 

[ElectricSavant]

MBT-steve,

Since the FX portion of your brokerage is completely separate from your other products and is really not a "Universally Funded and maintained" account, do you pay interest on the cash in a sweep situation on the Forex side? (I noticed some of your sweep accounts pay above 4% APR)

Also is ACH transfers working? on the Forex side?

Michael B.

 

[MBT-Steve]

Electric.........

No, not at the moment (for both questions)

Regards,

Steve

 

[ElectricSavant]

Thanks steve...that was the dealbreaker for me...I suppose this will become available soon, if the CME - Reuters deal does not cause you to re-think your models...I wonder what Oanda will do?

Quote from MBT-Steve:

Electric.........

No, not at the moment (for both questions)

Regards,

Steve

 

[traderdon56]

This is the appropriate "canned" response that you should give, but my previous post, is the longer version

Of course I do not have any affiliation with MB and do not speak for them.

Michael B.


Michael, your version is ALWAYS the longer version LOL, no surprise there.

Another thing that many people don't realize is that the merchant pays a fee to Visa to use their cards. They do give a volume discount to big users like Best Buy, etc, but little places will typically pay between 2.5% and 3% on every transaction. So with a $3000 deal, MB would be losing around $90 each time right off the bat.

Don-

 

[ElectricSavant]

lol traderdon56,

I had a late edit on your point and covered that hehe..I am like Columbo with a lot of oh and one more thing...and by the way....I even have a Wifey to talk about!

ColumboSavant

Quote from traderdon56:

This is the appropriate "canned" response that you should give, but my previous post, is the longer version

Of course I do not have any affiliation with MB and do not speak for them.

Michael B.


Michael, your version is ALWAYS the longer version LOL, no surprise there.

Another thing that many people don't realize is that the merchant pays a fee to Visa to use their cards. They do give a volume discount to big users like Best Buy, etc, but little places will typically pay between 2.5% and 3% on every transaction. So with a $3000 deal, MB would be losing around $90 each time right off the bat.

Don-

 

[bigmrfrank]

Quote from ElectricSavant:

This is the appropriate "canned" response that you should give, but my previous post, is the longer version

Of course I do not have any affiliation with MB and do not speak for them.

Michael B.

You have spoken for Steve anf MB. You decided not to take his post at face value and tried to inject some "underlying truth" which reflects poorly on your role as a MOD.

Personally I doubt paying a few points on a CC transaction is a make or break for MB or any other biz. It's not for mine, it's priced in. In some cases using a CC to fund is not much different than using CC cash advances in a Vegas casino. For the average FX trader trading FX is not that dissimilar to gambling without the free drinks. For some of us responsible FX traders it is a minor inconvenience and ACH would be nice ... for getting my profits.

 

[ElectricSavant]

bigmrfrank,

Actually I was replying to a comment toby400 made, before reading MBT-steve's post (I don't punch these posts out like a machine, I actually spend some time on them). Please note that my post appeared two minutes after MBT-steves. You know when I was writing it, I was thinking more of Oanda than MB. Funny the title of the thread indicates a comparative suggestion.

But in any event I do not need to apologize as I have read and re-read my post and it does not seem offensive, but fact filled.

bigmrfrank, if I offended you I suggest you place me on ignore. I seem to remember that I have offended you before? If you feel that you have the "calling" to take the role of a moderator then by all means contact Baron and straighten issues out that you feel are worthy (actually spam watching is what the majority of the time spent on the job entails..hehe the joke is on you).

Michael B.

You have spoken for Steve anf MB. You decided not to take his post at face value and tried to inject some "underlying truth" which reflects poorly on your role as a MOD.

 

[Moe27]

Quote from james_r:

Hi MBT-Steve,

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

Than i definitely open an account

i second that emotion. any plans steve for mt4 platform?