DUKASCOPY or MB TRADING ???

discussion on brokers, order execution, order automation and everything broker-related

Moderator: moderators

User avatar
billie-on-air
rank: <50 posts
rank: <50 posts
Posts: 30
Joined: Tue Jun 16, 2009 2:15 am
Reputation: 0
Gender: Female
Contact:

Postby billie-on-air » Mon Mar 22, 2010 7:45 pm

" I've got three accounts ThinkorSwim, MBT, and FXCM"[/quote]

Hi Tmanbone

what are your experiences with MBT ?

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
tmanbone
rank: 500+ posts
rank: 500+ posts
Posts: 723
Joined: Sun Nov 15, 2009 3:52 am
Reputation: 0
Gender: Male

Postby tmanbone » Mon Mar 22, 2010 8:41 pm

I haven't had any issues with MBT, I did have a mystery trade with FXCM though, couldn't figure out how it executed.
"The simplicity of the markets is it's greatest disguise"

T

User avatar
tmanbone
rank: 500+ posts
rank: 500+ posts
Posts: 723
Joined: Sun Nov 15, 2009 3:52 am
Reputation: 0
Gender: Male

Re: Molecule6 Rebates offer

Postby tmanbone » Mon Mar 22, 2010 8:55 pm

M6Andre wrote:
tmanbone wrote:Andre, Is this a limited time offer? How can molecule6 offer a rebate any better than going straight to Dukascopy. If you were to go straight to Dukas are you assigned an IB by them. I want to here your best sells pitch. Thank you,


Tmanbone,

If you go direct to Dukascopy, you will pay the full commission. If you go true Molecule6, you get a better deal. You see, Dukascopy pay Introducing Agent by giving us rebates. So, to be different,I just decided to give back a big part of the rebates to the traders using Molecule6.

The offer is not limited in time, it can only get better later... Traders also benefit from the videos I made available on the Website and assistance we provide...

I have been trading Forex for 4.5 years now and 2 + years Live at Dukascopy and 1.5+ years as an Introducing Agent. When I started promoting Dukascopy, I was giving out 25%, then the volume increased and was able to give more to traders... I am now able to give 45% as the pool of traders using Molecule6.com is large and is generating lots of volume. Today, all customers, even those who started using us at 25% are adjusted and get the 45% rebates. Further more, I also now can use the automatic system that Dukascopy made available to IAs. No more PayPal one by one rebates once a month, all rebates goes directly back to your live account the next month...

Andre


Andre, appreciate you laying it on the line. I'll check your site out this week. Thanks,
"The simplicity of the markets is it's greatest disguise"



T

User avatar
dragon33
rank: 500+ posts
rank: 500+ posts
Posts: 792
Joined: Thu Sep 18, 2008 2:41 pm
Reputation: 0
Gender: Male

Postby dragon33 » Mon Mar 22, 2010 9:14 pm

adaseb wrote:I feel left out.

I must be the only one not having at least $250,000 laying around stashed somewhere.


You have to make the bag in your avatar bigger, then you can take more money with you ;-)
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

User avatar
billie-on-air
rank: <50 posts
rank: <50 posts
Posts: 30
Joined: Tue Jun 16, 2009 2:15 am
Reputation: 0
Gender: Female
Contact:

Re: DUKASCOPY or MB TRADING ???

Postby billie-on-air » Mon Mar 22, 2010 9:21 pm

dragon33 wrote:
billie-on-air wrote:Hi everyone, im stuck between 2 ECN's . I like Dukascopy for 1 reason, they allow you to open an acc in any of the 7 major currencies whilst MBtrading is only in US$. l personally want to have an acc in pounds since im based in London, at least the rate of exchange wouldnt kill me unless ive lost in as many trades.

one other thing attracting me is the 45% rebate on commissions when you use a molecule6 as IB when opening a Dukascopy acc.

i dont know much about MBTrading so anyone out there with any info that might help me or anyone in the near future i will appreciate.

regards


Choose Duka and molecule6. You will have good support from Andre owner of molecule. It is also better to open an account in your own currencie.


It is the best broker i used so far


Dragon,

when you enter limit orders , do you get filled in at that price or better , like it is on the Navigator and instead of paying the spread you pay commission right? i was shocked reading that some brokers charge you both.

thanks

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

frang0nve
rank: 150+ posts
rank: 150+ posts
Posts: 198
Joined: Thu Apr 09, 2009 7:57 pm
Reputation: 0
Gender: Male

Postby frang0nve » Tue Mar 23, 2010 5:17 am

Hello,

Andre, can you tell us if trading with Dukacopy your risk is limited to your account balance?

Cheers

Francisco

User avatar
leonyde
rank: <50 posts
rank: <50 posts
Posts: 49
Joined: Wed Jun 24, 2009 1:11 pm
Reputation: 0
Location: Here
Gender: None specified

Postby leonyde » Tue Mar 23, 2010 5:21 am

is it 45% of the commission we pay to Dukascopy ?

or 45% or the molecule6 rebate?

User avatar
dragon33
rank: 500+ posts
rank: 500+ posts
Posts: 792
Joined: Thu Sep 18, 2008 2:41 pm
Reputation: 0
Gender: Male

Postby dragon33 » Tue Mar 23, 2010 5:54 am

If you enter with limit order you get filled on a better price or you can use a stop limit and you get filled at the price you want.

You can set the max slipage and dukascopy respect that. Somehow it happened to me i didn't get filled on a news trade because price jumped 30 pips away.



You do not pay 45% comission, you get 45% rebate on the comission. Common guys do some research! On the site you can see how much you have to pay. The comission depends on the volume you will be trading. It is cheaper then MBT
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

User avatar
noone22
rank: 150+ posts
rank: 150+ posts
Posts: 390
Joined: Tue Aug 05, 2008 4:50 am
Reputation: 0
Gender: None specified

Postby noone22 » Tue Mar 23, 2010 6:01 am

The best way to compare two brokers -
open account with two of them and see for yourself.

MBT has the lowest commissions (for usual people
with $5K accounts I mean, not noobs with half a mil).

Till not time ago Dukas smallest account to open was $50K,
but now it seems to be reduced up to 20 times.

I wonder, how much are Dukas comissions, if they
offer 45% reduction of it via IB?

Just made a simple rough comparison
for 5 pips win EURUSD trade:
MBT: spread is 1 pip (i.e. $1 for $10K mini-lot)
and commision is $0.39
So, you win gross of $5 and nett of $3.61

Don't know the figures for Dukas.
Because they don't have MT4, one would
still have to keep MBT open (at least - for running mq4).

User avatar
M6Andre
rank: <50 posts
rank: <50 posts
Posts: 35
Joined: Mon Mar 22, 2010 10:46 am
Reputation: 0
Location: Canada
Real name: Andre Gauthier
Gender: Male
Contact:

Account risk

Postby M6Andre » Tue Mar 23, 2010 9:29 am

frang0nve wrote:Hello,
Andre, can you tell us if trading with Dukacopy your risk is limited to your account balance?
Francisco


Yes, only the money in your account is at risk...
Andre

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “brokers”