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FEES
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 Commissions
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Banking Fees
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Rollover / Prem. Rates
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Misc. Fees
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You guys are always there for your customers and are constantly improving the software. I have hardly ever suffered any down time due to MBT... the few times you did go down I was able to call in and get help instantly! You are honestly the best company I have had the pleasure of doing business with. |
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Fixed spreads are a way for FCMs (Futures Commission Merchants) to mark up or mark down the best bid or offer. FCMs do this to hide their fee into the price of the currency pair instead of displaying their best quote. Common sense should tell you that no one really offers commission-free trading, so when you see an FCM claim they have “no commissions,” that should be a red flag. So how are they getting paid? It's simple; they're making money by building a markup/markdown into the spread.
Our FCM MB Trading Futures, Inc. has nothing to hide. We offer true, tighter spreads with no markups/markdowns and openly display a low commission rate. Commissions are based on total dollar amount of the executed order at the rate of $5 per 100,000 traded, each side. There are four types of commission calculations one must perform, demonstrated by the following four examples to buy 10 lots†.
Keep in mind that for most "exotics" e.g. EUR/CHF (3rd example), you must refer to the base currency's relationship to the US dollar (i.e. the base currency is EUR and the cross currency is USD; EUR/USD). Where there is none, e.g. CHF/JPY (4th example), CHF/USD does not exist, therefore use the US dollar based pair (USD/CHF) instead.
1. USD/JPY - US dollar based currency
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US dollar based pairs: $5.00 per 100,000 shares.
Formula: Deal Size x 0.00005
100,000 shares (10 lots) x $0.00005
= $5.00 commission
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2. EUR/USD - Non-US dollar based currency
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Use EUR/USD's purchase price:
Formula: Deal Size X Deal Rate X 0.00005
100,000 shares (10 lots) x $1.3310 x $0.00005
$133,100 x $0.00005
$6.665 = $6.67 commission
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3. EUR/CHF - Exotic: US dollar is available as cross currency (EUR/USD)
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Use EUR/USD's current rate at the time the position is opened for EUR/CHF, keeping in mind that with an exotic, we reference the base currency's relationship to the US Dollar:
Formula: Deal Size X Deal Rate of EUR/USD X 0.00005
100,000 shares (10 lots) x $1.3310 x $0.00005
$133,100 x $0.00005
$6.665 = $6.67 commission
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4. CHF/JPY - Exotic: US dollar cross (CHF/USD) isn't available but base is (USD/CHF)
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Since CHF/USD does not exist, use USD/CHF, and since USD
is the base currency, use the same formula as example #1 above.
Formula: Deal Size x 0.00005
100,000 shares (10 lots) x $0.00005
= $5.00 commission
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| † 10 lots = 100,000 of currency |
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