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How do we calculate MB's new forex commission structure?


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  #1 (permalink)
 
Dragon's Avatar
 Dragon 
Bellingham, WA
 
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How do we calculate MB's new forex commission structure?

It says 2.95 per 100K per side so 5.90 round turn plus the bid ask spread. I have read all the posts on here, some on ET, the MB website examples. I still don't understand... Anyone please explain in stupid easy terms. MB gives four different examples. I guess assume I am opening and closing my position in the same day, no overnight rollover stuff.

I am going to see if I can get a hold of a rep this week in case I don't get an answer.


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  #3 (permalink)
 
Dragon's Avatar
 Dragon 
Bellingham, WA
 
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I read on ET you gotta clear two pips to be profitable rather than 1 tick in futures. Obviously the attraction though is that you can trade micro lots. Ok thats as far as I understand.


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  #4 (permalink)
 wavey 
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i believe it's listing 4 calc types so you can figure out your PnL always relating back to USD from the more exotic pairs around, too...basically just 2.95 $ per side for the reg 100K lot plus spread...so 0.295 $ for 10K mini lots then.


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  #5 (permalink)
 Eric j 
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Chris , its $2.95 each side for a standard ( $100,000 ) lot so 29.5 cents each side for a mininlot ( $10,000 ) . Theres no other fee or spread or commission - its all baked into the one charge . * This is as per Jason at MB last week , I called and grilled the guy about all this and wrote down the details because I was unclear about it . His # is 866 558 3342 / 310 414 4522 . IF Im mistaken please post it here , thanks .


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  #6 (permalink)
 AR01 
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Is this question about MB Trading? If you are using MB Trading where do you get your historical data with NT. I do not have an account but understood it was not available.

Thanks

Andrew


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  #7 (permalink)
 
bigK's Avatar
 bigK 
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AR01 View Post
Is this question about MB Trading? If you are using MB Trading where do you get your historical data with NT. I do not have an account but understood it was not available.

Thanks

Andrew

right now mbtrading suport historical data


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  #8 (permalink)
 
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 torroray 
Malaysia
 
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How?

I'm with MB but I use Gain Free feed.


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Last Updated on May 8, 2010


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