MB Trading FX, a technology-driven Forex brokerage offering STP and EXN execution via MetaTrader 4 as well as multiple trading platforms, has announced lowering of its forex commission rate on the popular Pay for Limits plan from 2.95 to 2.50 per 100,000 base currency traded.
The company is lowering the payment for posting limit orders to 0.50 per 100,000 at the same time.
The new pricing represents a 15% decrease in commissions for traders across the board for market orders on the Pay for Limits Plan. The company continues to offer a separate and distinct plan with a mark-up built into the spread, known as the Free EXN plan. The spreads on the Free EXN plan remain some of the most competitive in the industry, and traders can post their Limit orders between the spread, be displayed for all others to see and trade with free of charge, which is unique to MB Trading.
“If you look at our two models, we were able to work with some of our top liquidity providers to offer extremely competitive spreads on the Free EXN plan. Now we are bringing more cost savings on the Pay for Limits model by lowering the headline commission rate for traders,” said David Lipsett, Executive Vice-President of MB Trading. “Both plans use our proprietary systems to allow traders to post their Limit orders directly into the spreads for all other traders to see and hit. We want traders to have extremely competitive, low-cost options that suit their trading styles and systems.”
“The Pay for Limits program has been an outstanding success for MB Trading FX and our customers,” said CEO Ross Ditlove. “As we recently announced, we broke the million dollar milestone in payments to customers for adding liquidity for other traders. The payment for limit component will always be a key part of our business model for traders. Our focus is now to drive down costs for traders for their market orders, and we will be aggressive in our approach.”