- MBT World
MetaTrader 4 is the most popular front-end application in the industry, and MB Trading FX has attached our Electronic Xrossing Network (EXN) execution to the platform. We’ve taken the user-friendly front-end trading interface and added the execution that the market has been looking for. We’ve turned off the deal-desk functionality of the platform and made the executions as true as our systems can handle. And now we offer two trading plans to suit your style. What does MetaTrader 4 through MB Trading FX offer?
While other brokers have offered MetaTrader 4 for years, MB Trading FX wouldn’t offer the system until we could eliminate the deal desk functionality of the back-office systems of MetaTrader. With this solution, our customers can experience MetaTrader 4 as it was supposed to be, without desk interventions, fixed-slippages, and stop and limit proximity limitations. We open the door to any available execution using MetaTrader 4, and we give no priority to opening or closing positions.
MetaTrader 4 is Third Party software written and maintained by a separate company. The software was not designed for EXN/STP execution, which MB Trading provides. MB Trading has no control over the MetaTrader client software, server updates, or API updates. In order to integrate MetaTrader 4 with MB Trading's EXN/STP execution, some behavior related to deal desks is not available, and this has some impact on the MetaTrader 4 Client. The following list describes certain functions of MetaTrader (referred to as Generic MetaTrader 4) and how they behave differently when MetaTrader 4 is connected to MB Trading for execution. Click here to download a PDF of this page.
We highly recommend that you log into MBT Desktop or MBT Desktop Pro at the same time that you are logged into MetaTrader 4. Your account is actually handled at our account level, which is viewed directly in Desktop or Desktop Pro. MetaTrader 4 is simply an interface that we enable for MetaTrader 4 accounts to allow you to trade. You cannot trade from the Desktop or Desktop Pro software with your MetaTrader 4 account, but you will find that the Orderbook, Messages, and Account Balance windows are more accurate and in real-time.
When in doubt, your MBT Desktop or MBT Desktop Pro software is correct. You can also find accurate FIFO statements by logging into the Client Secure Area of our website. Just be aware that most cases where the Desktop and MetaTrader 4 software diverge, those differences are usually corrected with an adjustment in MetaTrader 4 at 5 pm EST rollover.
While our commissions are displayed in real-time in the MBT Desktop and Desktop Pro software, the MetaTrader 4 software was not designed to handle commissions in a true EXN environment. While there is a commission column, it was added after the fact and designed for a single entry. The reality of EXN trading is that each transaction (entry and exit) result in a transaction fee or credit. Due to limitations of the MetaTrader 4 server, CLOSING commissions, whether credit or debit, are added as a Deposit or Withdrawal to your account at the time of the close of the trade via a separate line item in your Trade tab with a comment describing the Deal Number that the deposit or withdrawal came from.
We currently employ the following behavior for Stop Loss (S/L) and Take Profit (T/P) items. If you have only a S/L, the bridge monitors the positions and waits for the price to hit, then sends a market order to our router. If you have only a T/P, the bridge sends a Limit order, which will display to the market in the quote, to the EXN, which awaits execution. You would be paid for this execution under our Get Paid for Limit Orders system. If you have both a S/L and a T/P, the system sends the T/P to the EXN as a Limit order, which will display to the market in the quote. If that order is filled, the trade is closed. If the S/L price hits instead, the system cancels the Limit order for the T/P and then sends a market order to close.
Please ensure that your EA is populating in your MBT Desktop window and is available to initialize. If it is not, check your ‘C’ > ‘Program Files’ > ‘MBT MetaTrader 4’ > ‘experts’ folder to ensure it has been placed in the correct location.
The following individual items also explain some of the differences between “Generic MetaTrader 4” (with deal desk functionality in place) and MetaTrader 4 connected to MB Trading’s STP/EXN execution with all deal desk functionality disabled.
The MetaTrader 4 order closing box does not have this:
You can download MB Trading FX’s EXN version of Metatrader 4 by clicking on the link below. You can also sign up for a Demo account by following the instructions here.
For Live accounts, select the server "MBTrading-Live" or type mt4live.mbtrading.com manually into the server field (you won't have to retype this after a successful first connection).
For Demo accounts, select the server "MBTrading-Demo" or type mt4demo.mbtrading.com manually into the server field.
If you have any issues logging in, try calling our support team and having them reset your password, just to be sure. This can only be done over the phone for security purposes.
You may also access the MetaTrader 4 Mobile app (download from the App Store or Google Play) from your Live or Demo account. Note that this is different from the MB Trading mobile app, which cannot be accessed for this account.
PLEASE NOTE: Symbols for FREE EXN quotes end with a dot or period. That means that instead of "EURUSD" you will use "EURUSD." with the period immediately after. These will be the symbols available to you in your Watch List, which you can drag to a chart. If you do not see all of the symbols in the Watch List, right click in the Watch List and hit Show All. This will make them available. If you manually type a symbol into a chart, you will need to include the dot or period. Pay for Limit accounts use regular symbols without the dot or period.
The MetaTrader 4 for iPhone mobile platform will impress traders of all skill levels with its broad capabilities. The feature-rich mobile environment allows fully functional Forex trading, is an efficient arsenal of the most critical technical analysis tools (30 technical indicators) and is easy to use in everyday activities. You can access financial markets from anywhere in the world with ease at any time and for free. Such possibilities are now available with MetaTrader 4 for iPhone. System requirements: Compatible with iPhone, iPod touch and iPad. Requires iOS 4.0 or later.
MetaTrader 4 Forex trading technologies can now be downloaded on the devices powered by the popular Android OS. Complete sets of trade orders, view trading history, and create interactive charts on the widest selection of supported mobile devices— all available on MetaTrader 4 for Android. Integrated charts will help you to determine the current dynamics of symbol quotes, trading history will show you all your previous deals, while the powerful trading system will allow you to perform new ones. System requirements: smartphone or tablet PC powered by Android OS 2.1 and higher.
This mobile MT4 terminal is designed for use with Pocket PCs (PDA) with Windows Mobile OS. MetaTrader 4 Mobile is an analogue to the general online trading terminal of MetaTrader 4. Moreover, the mobile terminal offers you the opportunity for technical analysis and graphical visualization of financial instruments (including off-line mode). Completion of the trade transactions is treated with strict confidentiality and is absolutely secure. If required, with MetaTrader 4 Mobile, you can easily retrieve the history of completed trade transactions. System requirements: Pocket PC Windows Pocket PC 2002 OS and higher.
MetaTrader 4 Mobile Smartphone Edition is the mobile terminal for smartphones under MS Windows Mobile. Built-in symbol charts and technical indicators, as well as financial news, will help you make a well thought-out decision about whether to open or close a position. Trading via this terminal is fully confidential and absolutely safe. System requirements: Smartphone, Windows Mobile 2003 for Smartphones and higher.