MB Trading UK Announces Free ECN Forex Pricing
MBT Financial UK Ltd. (MB Trading UK), a technology-driven, UK-based Forex brokerage offering STP and ECN execution via MetaTrader 4 as well as multiple trading platforms, announced today the launch of its Free ECN pricing structure. MB Trading UK is the first Forex broker to offer truly free ECN trading.
“The ECN model has matured, and MB Trading FX has led the industry in those changes. We believe now is the time to again raise the bar with a commission-free ECN model. This bundles the best of all things FOREX to date—an ECN model with orders reflecting on our Limit book, customers able to cross orders with one another, and a non-fixed spread where all participants may reduce the spread with their bids and offers,” said Ross Ditlove, CEO of MB Trading Holdings, parent company of MB Trading FX. “Some traders clearly prefer to not have a commission added to their trade after the fact. With this plan, we take our bank fee and apply a small mark-up to cover our costs. The price that is reflected in the montage is the total trade cost. For clients who prefer to only post their limit orders, MB Trading UK will continue to offer its hugely successful Pay for Limits plan”
The company is the first brokerage to offer such a pricing structure via its MetaTrader 4 platform. MB Trading UK is now accepting live accounts for the new pricing model and has updated its website to display comparisons of its spreads to other brokers on its website, www.mbtrading.co.uk.
”Thanks to MB Trading’s neutrality, our bank quotes are very competitive, thus we can add a small mark-up into the quote and compete with any spread-based Forex broker while still showcasing our ECN technology to allow retail customers to enjoy these benefits,” said David Lipsett, Executive Vice-President of MB Trading. “This gives traders two unique structures to select, both of which are very competitive models within the industry.”
Source: www.ibtimes.com

