When TradeKing / GAIN Capital acquired MBTrading, they seemed to insist in that the customers were going to have a better service -with better spreads, et cetera. I don't think anybody that had dealt with Forex.com or TradeKing Forex believed that claim, but they insisted with that mantra. Before the account transfer happened -as I was foreseeing hating TradeKing Forex from my previous experience with forex.com- I did withdraw most of the money from the account. After a few days seeing how the spreads and the overall conditions were leaving me far less satisfied than MBtrading, I decided to withdraw the rest of the money. TradeKing now charged me $25 in bank fees, for a bank transfer that MBtrading always did for free. So much for "better service". It's sad that MBTrading was acquired and I am mad at TradeKing and their generally shitty service. Now, I am asking for them to reimburse me those $25. I won't lose much sleep with it... but it's a matter of principle! Anyway, I just wanted to vent and tell you my opinion on TradeKing Forex, hoping it might somehow help...
Is anybody here trading with MBTrading and concerned about the move to Tradeking this coming weekend?
MBTrading will be moving all forex accounts over to Tradeking as part of their corporate consolidation/buyout. They'll be closing all client open positions (realizing profits and losses) simply in order to move them to the new company's platform. Desktop Pro (native platform) users will have their positions re-opened at market rate, while MT4 traders will have their positions closed outright. Profits and losses would of course be realized, but otal account values would go down while while margin requirements I'm assuming would stay the same. Simply put, wouldn't that be screwing over traders, forcing them to accept drawdowns if they're riding out longer term open positions that are in the red? Is this even legal?
ECN. Used most by professional traders. Difficult platform for beginners
Minimum deposit $10000 (or $3,000 if under 25yo) * Well diversified -Oanda
Market maker. Second largest retail FX brokerage in the US. Easy platform for beginners.
No minimum deposit
Not well diversified, but well capitalized -Gain Capital (whitelabel forex.com) *Market Maker *Fair spreads *Minimum deposit $250 *Well diversified -FXCM Inc
ECN. Largest retail FX brokerage in the US
Minimum deposit $2000
Not well diversified. CAUTION: FXCM nearly went bankrupt in Jan-2015 due to a lack of diversification and low capitalisation. As a result FXCM LLC was bailed out with a large loan which may prove difficult to pay back. Be warned that their business may not be sustainable in the long term. -MBTrading
ECN. Mid-sized retail FX brokerage
Minimum deposit $400
International Only- -LMAX (whitelabel DarwinEx) *DMA broker based in the UK. Note that as a DMA broker LMAX eliminates the ability for LPs to last-look transactions. This may result in reduced liquidity during volatile times as liquidity providers would be likely not to risk posting liquidity to LMAX's pool. *Tight spreads *Minimum deposit $10,000 *Fairly well diversified -Dukascopy *ECN based in Switzerland, but available elsewhere depending on local regulations. *Tight spreads *Minimum deposit $100 *Fairly well diversified -IC Markets *ECN based in Australia *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Fairly well diversified -Pepperstone *ECN broker based in Australia. *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Not well diversified Software / Apps: Desktop/mobile
Apps are typically broker dependent. Some brokers have their own proprietary software, while others lease common software like Metatrader or NinjaTrader. Some software has a large development community for indicators and EAs.
Terminology/Acronyms: www.forexlive.com/ForexJargon - Common terms and acronyms FAQ: I need to exchange money, how do I do it? This isn’t what this sub is for. Your best bet is using your bank or an online exchange service. Be prepared to pay a hefty fee. I have money in one currency and need to exchange it into another sometime in the future, should I wait? Don’t ask us this. We speculate intraday in FX and shouldn’t be relied on to tell you what’s best for you. Exchange the money when you need it. I have an FX account, should I start trading demo or live? This is highly debatable. You should definitely demo trade until you have mastered how to use the trading platform on desktop and mobile. After that it’s up to you. Many think that the psychology of trading live vs demo trading is massively different. So it may pay to learn to trade live. Just be warned that most FX traders lose almost their entire first account so start with a low affordable balance. What’s money management? Money management is a form of risk management and is arguably the most important aspect of your trading when it comes to long term survival. You should always enter trades with a stop loss - the distance of the stop allows you to calculate how large of a percent of your account balance will be lost if your trade stops out. You can run a monte carlo simulation to figure out the risk of having a number of trades go against you in a row to drain your account. The general rule is that you should only risk losing 1-4% of your account per trade entered. More on this here: www.investopedia.com/articles/forex/06/fxmoneymgmt.asp www.swing-trade-stocks.com/money-management.html What about automated trading? Retail FX traders have been known to program “Expert Advisors” (EAs) to automate trading. It’s generally advisable to stay away from that until you’re very experienced. Never buy an EA from a developer because the vast majority of them are scams. What indicators are best? That’s up to you to test and find out. Many in this forum dislike oscillating indicators since they fail to capture the essence of what moves price. With experience you will discover what works best for you. In my experience indicators that are most popular with professional traders are those that provide trading “levels” such as pivot points, fibonacci, moving averages, trendlines, etc. What timeframe should I trade? Price action can vary in different timeframes. In longer term timeframes the price action and fundamentals are much more clear. Unfortunately it would take a very long time to figure out whether or not what you’re doing is successful on longer timeframes. In shorter timeframes you can often tell very quickly if what you’re doing is profitable. Unfortunately there’s a lot more “noise” on these levels which can prove deceptive for those trying to learn. Therefore the best bet is to use a multi-timeframe analysis, working from top-down to come up with trades. Should I trade using fundamental analysis (FA) of technical analysis (TA)? This is a long standing argument in these forums and elsewhere. I’ll settle it here - you should have an understanding of both. Yes there are traders who blindly ignore one of the other but a truly well rounded trader should understand and implement both into the analysis. The market is driven in the longer term through FA. But TA is necessary to give traders a place to enter and exit trades from a psychological risk/reward standpoint. I’ve heard trading Binary Options is an easy way to make money? The general advice is to stay away from binaries. The structure of binary options is so that when you lose the broker wins. This incentive has created a very scammy industry where there are few legitimate binary options brokers. In addition in order to be profitable in binaries you have to win 55-65% of the time. That’s a much higher premium over spot FX. Am I actually exchanging currencies? Yes and no. Your broker handles spot FX is currency pairs. Although they make an exchange at the settlement date they treat your position in your account as a virtual currency pair. Think of it like a contract where you can only buy or sell it as a pair. In this sense you are always long one currency while short another. You are merely speculating that one currency will appreciate or depreciate vs another. Why didn't my order fill? Even if price appears to cross over a line on your chart it does not guarantee a fill. Different charting platforms chart different prices - some chart the bid price, some the ask price and some the midpoint price. To fill a limit order price needs to cross your limit's price plus the spread at the time that it is crossing. If it does not equal or exceed the spread then it will not fill. Be wary that in general spreads are not fixed. So what may fill at one time may not at another.
MB Trading is a retail Forex, Options and CFDs broker. MB Trading was founded in 1999 and is headquartered in CA, USA. MB Trading offers the new cTrader platform . The company is regulated in UK and USA by FINRA and CFTC. Their trading platform is MBT Destkop, Mobile, Web, cTrader, Ninja Trader, MT... Forex mb trading is headquartered in United States of America, El Segundo. MB Trading Futures, Inc. operation and services are regulated by such major regulators as FCA, FINRA and SIPC. The broker’s main approach is to make trading forex easy, comfortable, effective and profitable. Broker mb trader offers its customers trading on the world’s most popular trading platform MetaTrader4 and ... Electronic stock trading software and services. Company: MB Trading Futures Inc. Manhattan Beach Trading Financial Services Inc. Broker MB Trading Company MB Trading Futures Inc. Manhattan Beach Trading Financial Services Inc. Year since 1999 Headquarters United States Regulation NFA (ID # 0315389), CFTC, FINRA, SIPC, FCA(UK) (#528328). Ally Invest Now Owns MB Trading Futures Accounts have migrated to WEDBUSH Futures If you were an MB ... Beim Forex und CFD Trading wetten die Trader auf steigende oder fallende Trading Charts. Firmen wie MBTrading locken mit erheblichen Renditen in kürzester Zeit. Doch ist der Totalverlust des Geldes realitätsnäher als ein lukrativer Gewinn. Finanzexperten bezeichnen den Forex und CFD Handel als ziemlich risikoreich. MBTrading – Betrug oder seriöse Firma ? MBTrading -Zahlreiche Anleger ... MB Trading is a forex broker. MBTrading offers the MetaTrader4, MBT Desktop, and MT Mobile top global forex trading platforms. MBTrading.com offers over 30 forex pairs, stocks, options, and futures for your personal investment and trading options. Review MB Trading Futures Inc. has been in operation MB Trading Futures Inc. as since 1999. It is based in California, USA and is one of the few ECN (Electronic Communications Network) brokers out there that offer trading in Forex, stocks, commodities, and futures on multiple platforms for both web and desktop traders. It is regulated by the NFA in the U.S. Hier sollte eine Beschreibung angezeigt werden, diese Seite lässt dies jedoch nicht zu. MB Trading is a direct access brokerage firm that develops and markets sophisticated yet simple direct access trading technology to online investors, institutions, and qualified destinations. Using a proprietary order routing system, MBTX, the company allows investors to bypass the middleman and trade directly to the NASDAQ, NYSE and AMEX markets, as well as offering direct access executions ...
MBT Desktop Pro Forex: Customization and Preferences
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