GET PAID INSTEAD OF PAYING A COMMISSION

[TheRumpledOne]

GET PAID INSTEAD OF PAYING A COMMISSION


http://therumpledone.mbtrading.com/pricing.aspx


If you have been following MB Trading on Twitter, visited their website in the past 30 days, or seen the buzz in the many FOREX forums, you've probably been anticipating news of their big announcement. Well today, we finally have a better understanding of the changes they are bringing to the FOREX industry. Today, MB Trading announced that effective January 30th, 2011 they will begin to pay 1.95 per 100,000 for executed limit orders. The payment is credited immediately upon execution and applies to every non-marketable Limit order that is placed and filled.

As far as we know, MB Trading is the first Forex broker to pay their clients for adding liquidity to their system, and when exploring why MB Trading would offer such a great deal for clients, here is what they had to say.

"By incentivizing clients to add their limit orders to our system, we attract more liquidity, which in turn means tighter spreads. Tighter spreads mean lower trading costs for all clients. In our opinion, there is no better way to be perfectly aligned for our customers' best interests than to create a system that improves for everyone as more people use it."


So if you're curious exactly how this can benefit you, we highly suggest you take a look at their new pricing pages that explain in great depths how the new program works. You can check it out here:

http://therumpledone.mbtrading.com/pricing.aspx

[forexbob]

thanks, that is great news. surely better then the cashback i now get from my IB.

[wangyue22]

nice, less breakeven trades..... is this what you use TRO?

does anybody know if there is any maintainence fees for charts data and etc monthly?? i actually just canceled my tradestation account. 2 pip spread is 40 dollars for a breakeven trade which to me is ridiculous

would appreciate anyone to post any personal experience with them. I want a semi permanent home to my trading so that i may start collecting statistics.

many thanks

[soulmantsw]

Ok Avery, you finally hooked me. I opened an MB Trading account last week....lol.
Jamie

[newschool]

Get paid? This is just a reduced spread...

[realdrago]

This is good news, the brokers are trying to make our trading life better but there is still something that isn't going quite right....

1.If you place a limit order you are basically reducing the commission (you got 1,98 and you still have to pay 2,98 ) and that's OK

2.but when someone is placing a limit order inside the spread he is basically buying at the bid and selling at the ask...that means that you are not paying the spread! And MB are still charging you the spread(+commissions)

Please correct me if I'm wrong...but I really don't like when someone is making fool of the others in a National TV spot ...

[TheRumpledOne]

No, you actually GET PAID.

I place limit orders and watch the commissions I pay decrease rather than increase.

You are not paying a spread with MB Trading because they are an ECN rather than a Deal Desk aka Fixed Spread Bandit(broker).

[realdrago]

I place limit orders and watch the commissions I pay decrease rather than increase.

No doubt in that, their commissions are one of the lowest existing for retail traders

You are not paying a spread with MB Trading because they are an ECN rather than a Deal Desk aka Fixed Spread Bandit(broker).

If you really are not paying any spread it would be awsome.
But here is what I got from their site:
[hr]
Limit and Limit example:Let's use the example of a traditional Forex broker that quotes a 2.5 pip spread on the EUR/USD. If you buy 100,000 USD in the EUR/USD at a Limit price and get filled, and later offer to sell your position at a higher price at a Take Profit/Limit and get filled, that 2.5 pip spread costs you $25. The same transaction on MB Trading with an average 0.9 pip spread would include $9 in the spread and a $2.60 credit each way.
[hr]
So you actually should pay rather then get that 9$ spread...