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Originally Posted by lamode
Hi Mick, for mbtrading
The spreads for GBPUSD is between 0 to 2 during normal condition and up to about 10 pips (for less than a min yesterday, while its 15 pips on 0anda) on news release times, but adds up commisions still should be around same as 0anda.
ok now, the min tade size, its 10k contract and $400 is the min deposit, commision is 5 of the based currency per 100k traded. That should be ok if you have $3k account.
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Hi lamode
Don't be taken in by the sales pitch, who's taking the other side of your 10k trade, a bank? Mbtrading are an ECN-
style broker is all. With all the negative hype surrounding marketmakers because 90% of traders lose money someone in a marketing department somewhere thought up a new sales pitch, and it's obviously working.
I've never seen a 15pip spread on Oanda, 10 on Cable during data, it's 2.8 now, and 1.5 on Eur/Usd. Mbtrading also have an each way commission don't they, in effect an extra pip on the cost of the trade.
What are the benefits though, how does an ECN-style broker improve your trading, fills, quotes, spreads, or bottom profit line?
Mick