Very bad executions from time to time!!! They steal your money. I had a SL triggered in a long EU trade today around 50 Pips under the set SL. I locked at the chart when it was happening. It was falling quickly and i would have accepted some slippage but 50 Pips? There where plenty of up-ticks on the move down... So there is no excuse for triggering that bad. I don't trust them at all anymore!

The company does not operate 'illegally' per say, but like the other reviewers stated "they chip profits off you" in a subtle increments. For one, often times I ran into upside down bid and ask prices, especially when you are in a profitable position and needs to secure an exit in a fast moving environment. And the ill- liquidity issue is another matter. E.g. on the exotic pair such as EUR/CAD(normally they are) the price on the false ECN Navigator Level2 revealed extra-wide spread(very typical with most MT4 brokers), only to see the flashing price disappear creating an artificial gap of 100 + to take you and momentarily reappear. Of course, it would be too late by then and if you point that out, they will escalate to arbitration that "may" end up awarding you "some" of your money back. And if you were fortunate enough to catch that on the winning side, rechecking your equity balance the following day will deduct the profit with a follow up phone call. Like I said, not illegal but deters you from making a substantial profit. Ask your self how they stayed in this business all these years? I think you already know the answer.

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The claim they offer FREE ECN spreads which i got when i just started about 2 months ago. That is EUR/USD around 1 and USD/JPY 0.8 . Then they said they were swithing our accounts to a new server then the rates moved to EUR/USD 2.2 and USD/JPY 2.0 . The execution time are also delayed. Stay away from this broker

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Phantom trades , impossible execution during heavy trading hours , not allowing to close out my trade and lock in my profits. Frozen platform, getting stopped out matter which direction I went, in other words watching the chart mysteriously gravitate towards my stop every time, and then make an abrupt reversal. Coincidence? They're laughing their sick heads while robbing unsuspecting traders. Stay clear of this Broker , it is positively a Scam and any good reviews about them are an inside job.

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I have been with MBTrading for over 5 years. I have been pleased until recently. I have noticed the platform shuts down or freezes near key support and resistance areas, especially when a trend changing pivot occurs. One can not get into or out of a trade for at least 10 to 15 minutes, causing many pip losses. I am looking for another Broker.

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Reading the bad comments about this broker, I love it. On the scam ratings I'll make my decision to go with them. Think think think. Like robert kiyosaki says, if you want to get rich you have to start thinking. A comment about DD's and bucket shops... essentially they are the same thing. A comment about real market execution... buy low sell high... never make a market order to buy high or to sell low... think think think.

Don't believe all the good reviews you read about this broker, I did and I had to pay for it, the good reviews are most surley written by their own staff, my God! this buisiness is so rotten! they are nothing but a bucketshop, re-quotes re-quotes re-quotes! platform freezing, blocking out trades from closing, error error error, trade desk busy, out of context, slowing down of executions, you name it! this is what I have experienced in my live acount with them, anyone recommending them must be out of their minds! oh, allmost forgot, they refuse to pay out my last money, they claim the check bounced, so I tried again, bounced again, heh, I guess I never see that money, stay the hell away from MBT

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I've been running these EA's and they are just sitting there. They are not taking my trade. I modified some other guys EA I found on the Internet. If I change an EA into my EA, do I have to keep the copywrite and where I got the EA? I've tried running EAs that I've written and they will not take my trade. Whats up? What am I doing wrong? I've been with MBT 6 months. I've changed from Ninjatrader to Metatrader4. All I've done here is loose money. Any recommendation. I use their VPS server.

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I've been trading with MB Trading for a while and while I have had a positive experience with them. They definitely aren't perfect either. To be fair (and considering that all the reviews here are either five stars or scam), I think a lot of the troubles people have with MB are based on the type of trading they do or, in some cases, where they are located in the world. I think for more experienced traders, particularly those in the US, MB is a great choice. It's not the best broker out there for everyone and every style of trading as I said. The execution is, in my experience, pretty solid although I have had issues from time to time. I don't think there is such as thing as a 100% perfect broker for forex, but MB always seem to be trying to improve their services and their customer service, which is a lot more than you can say about a lot of the bucket shops out there now. I can understand if you have a bad experience with them and/or you lost money, but 'Scam' is just not a word I would associate with MB with at all.

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MB Trading's 'Pay for Limits' program ROCKS! I have earned $1200 in rebates so far and that exceeds my commission costs so I am trading on MBT's dime! I am not sure how anyone can complain about MB Trading... their fills are fast and their spreads are super-tight. Best Broker!

MB Trading claims to be an ECN but has terrible liquidity problems. Many times orders are not filled, and there are constant delays on the Navigator platform when placing orders. If they have a large enough liquidity pool with the major banks this should not happen during normal trading hours. Often the platform disconnects from their server during or before large moves as well. I am a full time trader and watch the markets all day long, so I can see how many times their servers go down on a daily basis, especially during session fixes and run ups to news events. There are typically 2-3 server failures per session daily, and while they are not for long periods, they tend to be at strategic times.

I found a couple of bugs in their software which I reported to them, and it took months for them to eventually fix. Navigator is not new software. A serious financial tool shouldn't have such sloppy coding or functionality errors.

The bottom line is they put up a good facade of being a reputable company. They won't outwardly rip you off, but will chip away at your profits through a lot of small discrepancies in the platform and access speed. I'm running on optical cable and have no throughput issues on my end with my other brokers, so it's clearly a server "issue" on their part.

While I didn't lose money with them, and they paid out my balance quickly on closing my account, it was clear how they claw back profits through these subtle tactics. On top of it they have one of the worst daily rollover rates industry wide, so when you combine this with everything else it adds up. I noticed that my fills became worse as my profits increased, so it seemed almost algorithmic how concise this worked, as if it was programmed into the system.

There are certainly worse bucket shops out there, but they are very clever in finding ways to cut into your profitability. Since they are counter party to your trades (as they state in their user agreement) this should come as no surprise. For a hobbyist they would be an OK choice, but for a serious trader, they are definitely not an option.

I think if they didn't try to present themselves as something they're not, I wouldn't give the a scam rating, but because they promote themselves as better than an average market maker, it's a deception.

- Their ECN is terrible, with almost no liquidity.

- They actually MOVE stop losses (I keep some video capture software ready to go to try to record this happening when it does/will happen again).

- On Wednesday, December 8th 2010, I had a great trading day. Later that day, some of these trades were canceled (yet to receive any explanation as to why this had happened)

- Took nearly 3 weeks to credit my account with my initial funds. When I called the first time to ask about the delay, they claimed they did not have them (odd since my bank claimed that they were sent) I got rather angry and then they "apologetically" claimed that they had found my funds.....

- Emails are not being answered; the CR people are overly rude.

-I created a dummy hotmail account to email them and they were the only people I emailed using said account.....oddly enough, I am now getting those scam emails asking for me to help people get money out of Burundi. It's as if my email was...sold...to other equally unscrupulous people. Any one else having this happen?

- Live platform will mysteriously freeze (didn't happen on a demo and only seems to happen when I am in profit).

- They are NOT an ECN, and this is stated on their website (albeit hidden amongst their their disclaimers)

-Low spreads?? Spreads are typically around 3.1 pips. Don't forget to add a commission on top of that as well.

Verdict: A total scam shit hole to do business with. I reckon your money is safer with some crackhead on the street.

This is the worst scam forex broker ever!!!! they create phantom trades and lose out all of the profit to get even. Until now my dispute has not been resolved. They keep blaming me for the phantom trades and insisting that they are not responsible for any failure from their side. What a BITCH!!!

They are pure SCAM!!!! They froze your platform when you became profitable, SL hunting, cancelation of orders, etc. They trade against you, they are not ECN, just A BIG BUCKETSHOP SCAM.

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This company has really earned my respect when it comes to FX. Their MetaTrader platform is finally truly an ECN system for FX and EAs. Their Nav platform gives incredible depth and order type control. If you want to avoid the deal desk games, I can't recommend MB enough. They have great courses that teach you how their software works.

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I've been with MBTrading for serveral years now and I have nothing but great things to say about them. Great customer service if you have any questions there right there. Their trade technology is fantasict fast executions and the university had been very helpful as well.

been with them for 3 years and they have lost all their quality..mb trading have destroyed what efx worked so hard to achieve.
these guys dont care about the traders. their test system is constantly down. they lie about its state and send you around in circles. overall customer service is on the level of a 3rd world country. forget their mt4 system its a complete load of cr*p. as an intermediate trader i wouldn't recommend them

NFA and 60% of your profit go to commission. don't say I didn't warn you!!

I have had mb trading for a while now, and they used to be a pretty good broker. But they bought out EFX, and since then have been going down hill. if you open a market order to go long, your order will be filled at the highest price that minute regardless of the quote they are giving you. If you open a market order going short, you will be filled at the lowest price that minute.

I saw the price going up, the price opened at 133.09 for that minute and went up to 133.35 during that minute, the price was holding, so I shorted at 133.35 and used a market order. My order was filled at 133.09. It was NOT filled at the price quoted. There answer when I questioned them was, "was the price at 133.09 during that minute? if so we have the right to fill the order at that price." This isn't ethical or honest.

I also noticed they have started engaging in stop hunting, where they will spike the price as much as 50 points for one second during a minute and stop a lot of people out, then return the price to normal. They didnt used to do this, but I see it almost daily now. They go from me not seeing it at all for a year, to seeing it happen every day. This isnt a coincidence.
I am now looking for another broker.

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This broker is real scam which is never relished their mistake their platform is freezing some time, and if you complaint they will closed your account. I closed my account because of these reason and I open with dukascopy.