Thread: Broker Complaints …Get over it!

90503LOL!

MBT paying kickbacks to Felix H.? With their ForexMadeCheesy-affiliates that makes for some bad firm. Disgusting. .

93403

Originally Posted by ;

LOL!

MBT paying kickbacks into Felix H.? Together with their ForexMadeCheesy-affiliates that makes for a company. Disgusting. .

???

I for one have always been pleased with the relationship they have with ForexMadeCheesy. It adds a lot of non-bank liquidity into the ECN, which provides me executions. Do not know anything about the Felix scenario, but I am convinced he's an IB for a lot of brokers.

93403I just question the ethics of a broker who supports (through kickbacks) quasi-sc like this. Its a matter of common decency vs. commission-revenue in any way costs, no matter of how disgusting the methods of their affiliates to lure in fresh fx-newbies may be. I dont know MBs reasoning, the reputational damage is quite large (as far as I'm concerned), and standing is one of the most significant things for a broker. Apparently the newbies leave a lot of commissions in MB to produce the deal (repuation vs. commissions) worthwhile. Personally, I dont want to be anywhere near such activity.

P.s. the info about felix and mbt is at the youtube link over, felix subscribers get a 25% commission rebate (felix himself can get an additional cut of the comms).

93403

Originally Posted by ;

I just question the ethics of a broker who supports (through kickbacks) quasi-sc such as that. Its a matter of common decency vs. commission-revenue at all costs, no matter of how disgusting the methods of the affiliates to lure in fresh fx-newbies might be. I dont understand MBs reasoning, the reputational harm is quite large (as far as I am concerned), and also standing is among the most significant things for a broker. Apparently the newbies leave a lot of commissions at MB to make the bargain (repuation vs. commissions) rewarding. Personally, I dont want to be anywhere near action.

P.s. the info about felix and mbt is in the youtube link above, felix readers get a 25% commission rebate (felix himself can find an additional cut of the comms).

Really, I happen to know for a fact that MB does not reunite to Cheesy for commissions, although the Felix thing does not surprise me since that is how he rolls. I've seen lots of your posts on these boards and they are rather informational, however on this particular note, I will just have to say I strongly disagree with what you're saying. The 100% goal of ECN forex trading should be to get every trader in the world trading through the computer system. It means more money for all of us and much tighter spreads, and the amount of liquidity through order flow a firm like Cheesy brings to the table is very significant. I say it was a remarkably wise move on the part of MB to get their business because when they brought those clients in live, I noticed a dramatic change in the narrowness of spreads and the ability to get fills constantly.

I will tell you . Ahead of the Cheesy bargain, I had been using Oanda over EFX (I had been testing several brokers at the time too). Though there have been a number of enhancements to the platform and this wasn't the sole thing that improve it, the bargain with Cheesy was the point where liquidity actually bumped. I would have walked off from EFX/MBTF or even for that bargain, and today, I'm glad I did not.

I might not like Microsoft, but if they put a very cool technological feature to some Lexus, that does not imply that I should not buy the Lexus. EFX/MBTF is your Lexus of forex trading, and they improve their platform for all of us whenever they get more clients trading. Would you rather send the newbies to a platform such as FXCM that is going to make their lives even harder than it would be? They will trade anyway. They should have the execution too, and I should be helped by their quantity.

93403Dude you didn't read that men Article, or read into it everything you wanted to. What he stated was that Forex Made Easy is a piece of shit which MB should be embarrassed for working together. When it is true that the liquidity improved with the addition of these customers that is a good thing for you obviously. Since there ECN would otherwise be a whole joke because the volume traded is so modest and the liquidity suppliers were creating markets with broad spreads. At any rate MB could be the LExus of retail FX firms but it is far from the Mercedes of ECNs. Currenex, Lava, HotSpot and EBS all blow it out of the water and you also pay less commissions and also have higher liquidity and tight spreads. I am not attempting to give you a difficult time just informing you of this situation. Also I think it is extremely misleading this guy runs a broker bashing site but doesn't annouce he is a broker himself .

93403

Originally Posted by ;

Dude you didn't read that guys Article, or read into it everything you wanted to. What he said was that Forex Made Easy is a piece of shit which MB should be embarrassed for working with them. That's a good thing for you 22, if it's the case that the liquidity improved with the inclusion of these clients. Since there ECN would likewise be a total joke since the volume traded is really modest and the liquidity suppliers had been making markets with wide spreads. At any rate MB might be the LExus of retail forex firms but it is far from the Mercedes of ECNs. EBS, Lava, HotSpot and currenex blow it and you also pay commissions and have spreads and greater liquidity.

Sorry Bud, I did read his article and I answered very precisely. I don't agree it is a terrible reflection on MB they operate with Forex Made Easy. I believe it is a smart move. As for liquidity, I have accounts with just two of the platforms which you recorded and neither is better than EFX/MBTF. In fact, a feed from these is contained as a piece of the MBTF platform. You need to check your facts.

93403

Originally Posted by ;

Dude you did not read that men Post, or read into it everything you wanted to. What he stated was that Forex Made Easy is a piece of shit which MB should be ashamed for working together. When it's the case that the liquidity enhanced with the addition of these customers that's a good thing for you clearly. Since there ECN would likewise be a entire joke because the quantity traded is really modest and that the liquidity providers were creating markets with broad spreads. At any rate MB could nevertheless be the LExus of retail forex companies but it's far from the Mercedes of ECNs. Currenex, Lava, HotSpot and EBS all blow it out of the water and you pay less commissions and have greater liquidity and tight spreads. I am not attempting to give you a difficult time just informing you of the circumstance. Also I think it's extremely misleading that this man runs a broker bashing site but does not annouce that he is a broker himself on it.

I'm also perplexed. Your Profile claims that you are an owner of a Forex Firm, however this was your first post, so which of the aforementioned firms do you own.

93403

Originally Posted by ;

Sorry Bud, I did read his post and that I replied very just. I don't agree that it is a bad reflection on MB that they operate with Forex Made Easy. I think it's a intelligent move. As for liquidity, I have accounts with just two of the platforms that you recorded and neither is far better than EFX/MBTF. In reality, a feed from one of them is included as a piece of this MBTF platform. You need to look at your facts.

Here are the facts buddy. MB Trading, number one reveals it's volume in miniature lots not countless like the major ECNs do. Second fact of the ECNs I mentioned with the exclusion of HotSpot Are not clearing firms, they are platforms. The liquidity you recieve depends on the Prime Broker you utilize and their relationships with banks. If you aren't just confused and mistaking mini lots for countless subsequently the only reason you'd have less liquidity on one of those platforms is because you operate with a retail company who offers you access to them or your prime broker stinks. The spreads and liquidity will differ from broker to broker, if you want a good one allow me to know. I will set you up with Cantor Fitzgerald and Currenex for a mere $10,000 if you want, or Hotspot to get a bit more. If your joyful taking the cash of this Forex Made Sleazy sufferers at MB that's fine. It is a spot to trade lots today since the 4x made easy owners are instructed to trade them by GlobalTec. If the other guy is still confused I do not have any clearing company, I trade and handle cash at good ones.

93403

Originally Posted by ;

Got to ask anyone understand??

FXCM they make there money from the 5pip GBPUSD Spread...

5 pip spread on GBPUSD? Thanks a bit much. I believe that you could do better than that if you look around. Is that a fixed?

93403

Originally Posted by ;

Here are the details friend. Fact number one, MB Trading reveals it is volume in mini lots not millions like the major ECNs do. Second fact All the ECNs I said with the exception of HotSpot Aren't clearing companies, they're just platforms. The liquidity you recieve is dependent upon the Prime Broker you work with and their connections with various banks. If you are not just confused and mistaking mini lots for millions then the only reason you'd have less liquidity on one of these platforms is because you work with a retail company who provides you with access to your prime broker sucks. The spreads and liquidity will differ from broker to broker, if you'd like a great one then let me know. I will set you up with Cantor Fitzgerald and Currenex for a mere $10,000 if you need, or Hotspot for a little more. If your joyful taking the cash of this Forex Made Sleazy victims at MB that is fine also. It is a great spot to trade mini lots now apparently since the 4x made easy owners are taught to trade them by GlobalTec. If the other man is still confused I do not have any clearing company, I trade and manage cash at great ones.

Is 30 to 60 mil. On the best bid/offer for eur/usd that poor? I am sure some institutional platforms will supply much more, but it doesnt look astrophic to me personally. Additionally, I highly doubt that the ForexMadeEasy followers provide a large part of that sum, or that they have much effect at all on platform liquidity. When you look at the level2 book, then the 5(or so) topmost entries are nearly always on round million amounts. I subtract from this, that these bids/offers are quoted by participating banks/institutions, since the normal mb-client (including 4xMadeEasy-dudes) likely transactions much smaller.

Are you saying Cantor takes $10k accounts? Or is that some sort of IB/referal installation through your company?