MBtrading is not pure agency ?

Discussion in 'Forex Brokers' started by ssss, Jan 9, 2008.

  1. ssss

    ssss

    Gentlemen

    Some time before person from MBT stated to author ,that MBT is pure agency ( this statement exist by ET) ,but today author started to read carefully account application form

    http://efxgroup.com/f/Comprehensive Sole Proprietorship Application.pdf

    MBTF as counterparty -

    ...MBTF and its affiliates may also undertake proprietary trading
    activities ...

    Statement of MB personal by ET ,that MBT is pure agency is lies ...
     
  2. Surdo

    Surdo

    Felix Homogratus acts as counterparty to most MB Trades.
     
  3. MBT-Steve

    MBT-Steve ET Sponsor

    Folks,

    Let me help you out here for clarification. MBTF is technically the counter party to every trade since you (the customer) do not have the relationship, agreements, or credit with the banks or any other counter party on the network such as trader to trader. All the agreements and clearing of funds and trades are with MBTF. We facilitate directing your orders to the best price. That means your order can be directed to any bank, institution, or customer that is posting the best bid or offer and in turn get you the best price. Have you tried posting a bid or offer by any chance? If not I recommend that you try it and you will your bid/offer immediately display giving you an opportunity to trade between the spread. Hence, an ECN (Electronic Communication Network) and the network is every Bank, Institution, and customer within our network. Hope this helps.

    Regards,

    Steve
     
  4. ha ha Felix Homofagus. What a loser.
     

  5. What steve says is true........its MBT is probably one of the best places for a retail fx trader to be, excellent execution and not stop hunting. The onlly issue i still have with then is their is their roll over interest....its very high and the commisions are very steep, hopefully in the future we can see these corrected, making MBT the perfect place for a retail trader.
     
  6. ssss

    ssss

    What steve says is true........its MBT is probably one of the best places for a retail fx trader to be, excellent execution and not stop hunting. The onlly issue i still have with then is their is their roll over interest....its very high and the commisions are very steep, hopefully in the future we can see these corrected, making MBT the perfect place for a retail trader.

    ?

    Operator must signature agreement in which definitly
    - undertake proprietary trading activities .

    Legaly MBT is not pure agency ,with signature of this agreement potencialclient of MBT must accept that or not
    signature (not accept service of MBT in this form)
    ####################################

    MBT-Steve
    MBT Trading


    Let me help you out here for clarification. MBTF is technically the counter party to every trade since you (the customer) do not have the relationship, agreements, or credit with the banks or any other counter party on the network such as trader to trader. All the agreements and clearing of funds and trades are


    It is not the matter ,MBT definitly is not pure agency as stated before in ET to author .
    ################################
    ################################


    P.S.



    Legal problem can have very high influence on trader result
    As example -Etrade accepted author operative result as best,but not payed to author 36000 euro for Grand
    Prix in trading contest Worldcup .
    ( after that etrade loosed 84% of he's value ,some 9 bill $
    or -84% in 2007)

    Problem was ,that Etrade sended longlife advertising agreement (sell name to etrade marketing objective#s) to author with signature demand after author won contest
    (not before contest started ,was not public note about this specific conditions)
     
  7. Who is this cat with the funny name?
     
  8. SCBURKE

    SCBURKE

    so Steve,

    MB Trading doesn't take the side of any trades whatsoever? Every single trade is executed by an outside party and MBT takes no risk, correct?
     
  9. ssss

    ssss

    SCBURKE


    so Steve,

    MB Trading doesn't take the side of any trades whatsoever? Every single trade is executed by an outside party and MBT takes no risk, correct?
    ###################

    Dear Sir

    It would play not role ,what Steve MBT would answer. For Court would decisive your signature on client agreement .
    I.e. you was in full knowledge of that and accepted that .

    http://efxgroup.com/f/Comprehensive...Application.pdf

    MBTF as counterparty -

    ...MBTF and its affiliates may also undertake proprietary trading
    activities ...
     
  10. Huh? what is an operator and agent?


    The Ever Curious VIPER
     
    #10     Jan 10, 2008