Hi everyone. A few posts ago I mentioned that MB Trading was instituting a novel “Get Paid for Limits” system whereby you will actually earn some money BACK from them as you trade. Well it seems the system finally went LIVE today. Just thought I’d let you all know. If you’re one of their customers you should start to see some rebates show up in your account soon.
In other news they’re going to host a webinar where you can find out more about this and/or ask your questions. The webinar will take place on February 3rd or February 17th at 7:00 pm EST.
You can register using this link.
That does it for this post.
Cheers,
Alan
Just checked out their website, thank you. Looks like a lot of people are getting paid for their limit orders. I think it may be time to leave FXCM!
Could be, or at the very least you can open up an account with the necessary size to get the rebates and test out their system for a month or so.
Hopefully FXCM will institute a similar rewards scheme. Typically when one of the forex “big boys” makes a move it makes quite a splash in the entire retail forex community, so I’m thinking that if that were to happen many more brokers would do the same. This would be good for all of us retail traders 🙂
Do you really believe that? You think that thay will do something that makes them a loss. They are a business and unless they are gonna profit from it, they will never offer such things. How will liquidity help them, so much so that they are willing to pay you for it? Any guesses? It will tell them where most of the buy orders are and where the market will reverse and gives them a chance to manipulate price around that area. They may not be manipulating prices 99% of the time but that 1% time when the price is near support/resistance levels, your orders will not even get filled, thus they don’t even have to “pay for limit orders”. I’m experiencing that since they introduced this feature and I got sucked into it.
Anyone with similar experiences?