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Originally Posted by MickMason
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
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i have attached a screenshot that shows 15 pips spreads on oanda, i am a customer of them aswell and i like them in general, but not the best choice when it comes to news release times and big amount of money.
I honestly do not know what banks take their trades, but one thing i do know is they allow you scalp as much as you like and you are able to trade during news releases time and i
personally got filled on the price i wanted during fast market on mbtrading that 0anda rejected my order due to slipage.
In the conclusion is that after the two ways commison, it is still cheaper than 0anda because for 100k gbpusd traded is 10 pounds commision, which is about 18 dollars plus 10 pips news spreads, that is $100 + $18 = $118 for mbtrading (Yet, the spreads back to 0~3 pips in less than a min). For 0anda, 15 pips * 10 per pip = $150 ( and the spreads stay there for about 5 mins then back to 7pips for another 10 mins.).