copy of spread dukas mbt

7/27/2019 Copy of Spread Dukas MBT

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165246422.xls.ms_office 2PIP SPREADS

EJAvg: 1.8 2.5 2.5 2.9 3.2 11.3 10.4 11.3 2.0 3.0 4.1 46.6 67.7

Spreads Lots Volume Spreads Lots Volu

EST

FxProMT4Live

MBTMT4

Demo Lv 1 Lv 2 Lv 3

Lv 1Lots

Lv 2Lots

Lv 3Lots Lv 1 Lv 2 Lv 3

Lv 1Lots

Lv 2Lots

3:23am 1.6 2.5 2.5 2.9 3.2 10 10 20 1.5 2.5 3.5 10 833:23am 1.7 2.5 2.5 2.9 3.3 30 10 10 1.5 2.5 3.5 10 83:24am 1.7 2.3 2.4 2.7 3.1 10 10 10 2 3 4 16 163:24am 1.3 2.5 2.5 2.9 3.3 10 10 10 2 3 4 26 1363:25am 1.9 2.5 2.5 2.9 3.3 10 10 10 2 3 4 28 993:25am 1.9 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 4.5 84 763:25am 1.8 2.5 2.5 2.9 3.3 10 10 10 2 3 4 40 593:28am 1.5 2.5 2.5 2.9 3.3 10 10 10 2 3 4 108 76

3:31am 1.5 2.5 2.4 2.7 3.1 10 10 10 0.5 2 3 10 463:31am 1.1 2.5 2.5 2.9 3.2 10 10 20 2 3 4 132 763:33am 1.9 2.5 2.5 2.9 3.2 10 10 20 2 3 4 80 473:33am 1.6 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 4.5 19 763:34am 1.8 2.5 2.5 2.9 3.3 10 10 10 2 3 4 88 88

3:34am 1.9 2.5 2.5 2.9 3.3 10 10 10 2 3 4 88 1043:35am 1.5 2.5 2.5 2.8 3.1 10 10 10 2.5 3.5 4.5 43 1163:35am 1.7 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 4.5 155 523:36am 1.4 2.5 2.5 2.9 3.3 30 10 10 2.5 3.5 4.5 108 52

7:27am 1.5 2.5 2.5 2.9 3.3 10 10 10 2 3 4 13 777:28am 1.5 2.5 2.5 2.9 3.3 10 30 10 2 3 4 10 967:29am 1.5 2.5 2.5 2.9 3.3 10 10 10 2 3 4 76 1087:30am 1.8 2.5 2.3 2.7 3.1 20 10 10 2.5 3.5 4.5 126 367:32am 1.7 2.5 2.5 2.9 3.3 10 10 10 1 3 4 49 76

7:33am 1.7 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 5 11 1187:34am 1.3 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 4.5 2 937:35am 0.9 2.5 2.5 2.9 3.3 10 10 10 2 3 4 11 78

7:48am 1.8 2.5 2.2 2.7 3 10 10 10 1.5 2.5 3.5 10 38

MBT Dukascopy


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165246422.xls.ms_office 3GU

Avg: 1.8 2.5 2.4 3.0 3.4 9.8 12.8 12.3 1.8 2.8 3.9 27.4 53.1


EST

FxPro

MT4

Live

MBT

MT4

Demo Lv 1 Lv 2 Lv 3

Lv 1

Lots

Lv 2

Lots

Lv 3

Lots Lv 1 Lv 2 Lv 3

Lv 1

Lots

Lv 2

Lots3:17am 1.7 2.6 2.6 2.9 3.3 20 10 10 2 3 4 85 40

3:18am 1.6 2.7 2.7 3.1 3.5 10 30 10 1.5 2.5 3.5 10 773:11am 2.3 2.7 2.7 3 3.3 10 10 10 1.5 2.5 3.5 10 213:12am 1.4 2.3 2.3 2.8 3.1 1 10 10 1.5 2.5 3.5 16 573:12am 1.7 2.5 2.3 2.9 3.3 10 10 10 1.5 2.5 3.5 10 843:14am 1.6 2.7 2.7 3.1 3.5 10 10 10 2 3 4 41 363:15am 1.6 2.6 2.6 2.9 3.2 10 10 20 2 3 4 122 243:15am 1.9 2.7 2.7 3.1 3.5 10 10 10 2 3 4 18 563:16am 2.2 2.7 2.7 3 3.3 10 10 10 2 3 4 18 1203:18am 1.1 2.7 2.7 3 3.3 10 20 10 1.5 2.5 3.5 33 363:20am 1.8 2.6 2.6 2.9 3.3 10 10 10 1.5 2.5 3.5 10 60

3:19am 1.6 1.9 1.9 2.9 3.3 10 10 10 2 3 4 10 1123:21am 1.7 2.1 2.1 2.9 3.3 20 10 10 2 3 4 25 883:22am 0.8 2.7 2.7 3 3.3 10 20 10 1.5 2.5 3.5 10 603:22am 1.2 2.7 2.7 3.1 3.5 10 20 10 2 3 4 93 163:36am 1.3 2.7 2.7 3 3.3 10 20 10 1.5 2.5 3.5 17 24

3:37am 2 2.7 2.7 3.1 3.5 10 30 10 2 3 4 65 483:37am 2 2.4 2.4 2.9 3.3 20 9.9 30 2 3 4 21 56

7:27am 1.7 2.7 2.7 3.1 3.5 10 10 30 2 3 4 29 527:28am 2 2 2 2.9 3.3 10 10 10 2 3 4 17 647:29am 1.9 2.1 2.1 2.9 3.2 0 10 20 2 3 4 13 647:30am 1.8 2.7 2.5 2.9 3.3 10 10 10 1.5 2.5 3.5 12 847:32am 1.9 2.5 2.5 2.9 3.3 10 10 30 2 3 4 44 647:33am 1.5 2.7 2.7 3.1 3.5 10 30 10 1.5 3 4 16 527:34am 2.1 2.7 2.7 3.1 3.5 10 10 10 2 3 4 16 20

7:35am 1.5 2.7 2.7 3.1 3.3 10 10 10 1.5 2.5 3.5 16 497:48am 2 2.7 2.7 3 3.3 10 20 10 1.5 2.5 3.5 16 387:49am 1.9 2.7 2.7 3.1 3.5 10 10 10 2 3 4 14 36

7:50am 2 2.7 0.7 3.1 3.1 10 10 10 2 3 4 14 84

MBT Dukascopy


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165246422.xls.ms_office 4

69.6

e

Lv 3Lots

Lvl 1Bid

Lvl 1Ask

Lvl 2Bid

Lvl 2Ask

Lvl 3Bid

Lvl 3Ask

Lvl 1Bid

Lvl 1Ask

Lvl 2Bid

Lvl 2Ask

Lvl 3Bid

88 210 460 190 480 180 500 25 40 20 45 1580 260 510 240 530 220 550 35 50 30 55 25

124 460 700 440 710 420 730 40 60 35 65 3032 280 530 260 550 240 570 25 45 20 50 1540 590 840 570 860 550 880 60 80 55 85 5016 620 870 600 890 580 910 60 85 55 90 50

116 630 880 610 900 590 920 60 80 55 85 5080 520 770 500 790 480 810 50 70 45 75 40

5 720 960 700 970 680 990 90 95 880 900 87556 460 710 440 730 430 750 50 70 45 75 4088 8970 9220 8950 9240 8930 9250 0 20 895 925 89088 8600 8850 8580 8870 8560 8890 60 85 55 90 5048 8960 9210 8940 9230 8920 9250 0 20 895 925 890

32 8940 9190 8920 9210 8900 9230 0 20 895 925 89064 9140 9390 9120 9400 9100 9410 10 35 5 40 064 9000 9250 8980 9270 8960 9290 900 925 895 930 890

120 9090 9340 9070 9360 9050 9380 910 935 905 940 900

39 70 320 50 340 30 360 900 920 895 925 89056 8790 9040 8770 9060 8750 9080 880 900 875 905 87040 8770 9020 8750 9040 8730 9060 75 95 870 900 86580 8870 9100 8850 9120 8830 9140 880 905 875 910 87050 8780 9030 8760 9050 8740 9070 80 90 875 905 870

64 730 980 8710 9000 8690 9020 875 900 870 905 86049 530 780 510 800 490 820 55 80 50 85 4532 570 820 550 840 530 860 60 80 55 85 50

96 590 810 570 840 550 850 55 70 50 75 45

DukascopyMBT


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165246422.xls.ms_office 559.4

e

Lv 3

Lots Lvl 1 B Lvl 1 A Lvl 2 B Lvl 2 A Lvl 3 B Lvl 3 A Lvl 1 B Lvl 1 A Lvl 2 B Lvl 2 A Lvl 3 B44 290 550 280 570 260 590 25 45 20 50 15

28 79790 80060 79770 80080 79750 80100 80 95 7975 8000 797084 610 880 590 890 570 900 65 80 60 85 5580 570 800 530 810 510 820 60 75 55 80 5056 800 1030 780 1070 760 1090 85 100 80 105 7580 350 620 330 640 310 660 40 60 35 65 3060 110 370 90 380 80 400 10 30 5 35 064 600 870 580 890 560 910 65 85 60 90 5540 150 420 140 440 130 460 15 35 10 40 580 79800 80070 79790 80090 79780 80110 80 95 7975 8000 797032 79820 80080 79800 80090 79780 80110 7985 8000 7980 8005 7975

56 79920 80110 79900 80190 79880 80210 7995 8015 7990 8020 798552 640 850 580 870 560 890 60 80 55 85 5060 670 940 660 960 650 980 75 90 70 95 796568 620 890 600 910 580 930 60 80 55 85 5075 400 670 300 600 380 710 50 65 45 70 40

76 190 460 170 480 150 500 20 40 15 45 1068 360 600 330 620 310 640 40 60 35 65 30

72 650 920 630 940 610 960 70 90 65 95 76068 7800 8000 7780 8070 7760 8090 780 800 775 805 77032 610 820 550 840 540 860 55 75 50 80 4528 470 720 450 740 430 760 55 70 50 75 4568 7850 8100 7830 8120 7810 8140 790 810 785 815 78032 200 470 180 490 160 510 35 50 30 60 2580 370 640 350 660 330 680 45 65 40 70 35

108 350 620 330 640 310 640 45 60 40 65 3576 470 740 460 760 450 780 55 70 50 75 4580 7010 7280 6990 7300 6970 7320 10 30 5 35 0

64 6400 6470 380 690 360 670 45 65 40 70 35

MBT Dukascopy


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Lvl 3Ask

5060705590959080

9058093095930

93045935945

930910905915910

9109090

80


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Lvl 3 A55

8005908511070409545

80058010

802590

80009075

5070

80081085808206575

708040

75


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165246422.xls.ms_office 8PIP SPREADS CLEANED means pulled out spreads on two GU records because volume was zero o

Casual observation shows most of the time MBT spreads are 2.5 pipsData captured off demo MBT and Dukascopy Market Depth. MBT Mkt Depth was co

EJAvg: 1.8 2.5 2.5 2.9 3.2 11.3 10.4 11.3 2.0 3.0 4.1 46.6 67.7 69.6

Spreads Lots Volume Spreads Lots Volume

EST

FxProMT4Live

MBTMT4

Demo Lv 1 Lv 2 Lv 3

Lv 1Lots

Lv 2Lots


Lv 1Lots

Lv 2Lots

Lv 3Lots

Lvl 1Bid

3:23am 1.6 2.5 2.5 2.9 3.2 10 10 20 1.5 2.5 3.5 10 83 88 2103:23am 1.7 2.5 2.5 2.9 3.3 30 10 10 1.5 2.5 3.5 10 8 80 2603:24am 1.7 2.3 2.4 2.7 3.1 10 10 10 2 3 4 16 16 124 4603:24am 1.3 2.5 2.5 2.9 3.3 10 10 10 2 3 4 26 136 32 2803:25am 1.9 2.5 2.5 2.9 3.3 10 10 10 2 3 4 28 99 40 5903:25am 1.9 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 4.5 84 76 16 6203:25am 1.8 2.5 2.5 2.9 3.3 10 10 10 2 3 4 40 59 116 6303:28am 1.5 2.5 2.5 2.9 3.3 10 10 10 2 3 4 108 76 80 520

3:31am 1.5 2.5 2.4 2.7 3.1 10 10 10 0.5 2 3 10 46 5 7203:31am 1.1 2.5 2.5 2.9 3.2 10 10 20 2 3 4 132 76 56 4603:33am 1.9 2.5 2.5 2.9 3.2 10 10 20 2 3 4 80 47 88 89703:33am 1.6 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 4.5 19 76 88 86003:34am 1.8 2.5 2.5 2.9 3.3 10 10 10 2 3 4 88 88 48 8960

3:34am 1.9 2.5 2.5 2.9 3.3 10 10 10 2 3 4 88 104 32 89403:35am 1.5 2.5 2.5 2.8 3.1 10 10 10 2.5 3.5 4.5 43 116 64 91403:35am 1.7 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 4.5 155 52 64 90003:36am 1.4 2.5 2.5 2.9 3.3 30 10 10 2.5 3.5 4.5 108 52 120 9090

7:27am 1.5 2.5 2.5 2.9 3.3 10 10 10 2 3 4 13 77 39 707:28am 1.5 2.5 2.5 2.9 3.3 10 30 10 2 3 4 10 96 56 87907:29am 1.5 2.5 2.5 2.9 3.3 10 10 10 2 3 4 76 108 40 87707:30am 1.8 2.5 2.3 2.7 3.1 20 10 10 2.5 3.5 4.5 126 36 80 88707:32am 1.7 2.5 2.5 2.9 3.3 10 10 10 1 3 4 49 76 50 8780

7:33am 1.7 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 5 11 118 64 7307:34am 1.3 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 4.5 2 93 49 5307:35am 0.9 2.5 2.5 2.9 3.3 10 10 10 2 3 4 11 78 32 570

7:48am 1.8 2.5 2.2 2.7 3 10 10 10 1.5 2.5 3.5 10 38 96 590

MBT Dukascopy


9/30


Avg: 1.8 2.5 2.5 3.0 3.4 9.8 12.8 12.3 1.8 2.8 3.9 27.4 53.1 59.4


EST

FxPro

MT4

Live

MBT

MT4

Demo Lv 1 Lv 2 Lv 3

Lv 1

Lots

Lv 2

Lots

Lv 3

Lots Lv 1 Lv 2 Lv 3

Lv 1

Lots

Lv 2

Lots

Lv 3

Lots Lvl 1 B3:17am 1.7 2.6 2.6 2.9 3.3 20 10 10 2 3 4 85 40 44 290

3:18am 1.6 2.7 2.7 3.1 3.5 10 30 10 1.5 2.5 3.5 10 77 28 797903:11am 2.3 2.7 2.7 3 3.3 10 10 10 1.5 2.5 3.5 10 21 84 6103:12am 1.4 2.3 2.3 2.8 3.1 1 10 10 1.5 2.5 3.5 16 57 80 5703:12am 1.7 2.5 2.3 2.9 3.3 10 10 10 1.5 2.5 3.5 10 84 56 8003:14am 1.6 2.7 2.7 3.1 3.5 10 10 10 2 3 4 41 36 80 3503:15am 1.6 2.6 2.6 2.9 3.2 10 10 20 2 3 4 122 24 60 1103:15am 1.9 2.7 2.7 3.1 3.5 10 10 10 2 3 4 18 56 64 6003:16am 2.2 2.7 2.7 3 3.3 10 10 10 2 3 4 18 120 40 1503:18am 1.1 2.7 2.7 3 3.3 10 20 10 1.5 2.5 3.5 33 36 80 798003:20am 1.8 2.6 2.6 2.9 3.3 10 10 10 1.5 2.5 3.5 10 60 32 79820

3:19am 1.6 1.9 1.9 2.9 3.3 10 10 10 2 3 4 10 112 56 799203:21am 1.7 2.1 2.1 2.9 3.3 20 10 10 2 3 4 25 88 52 6403:22am 0.8 2.7 2.7 3 3.3 10 20 10 1.5 2.5 3.5 10 60 60 6703:22am 1.2 2.7 2.7 3.1 3.5 10 20 10 2 3 4 93 16 68 6203:36am 1.3 2.7 2.7 3 3.3 10 20 10 1.5 2.5 3.5 17 24 75 400

3:37am 2 2.7 2.7 3.1 3.5 10 30 10 2 3 4 65 48 76 1903:37am 2 2.4 2.4 2.9 3.3 20 9.9 30 2 3 4 21 56 68 360

7:27am 1.7 2.7 2.7 3.1 3.5 10 10 30 2 3 4 29 52 72 6507:28am 2 2 2 2.9 3.3 10 10 10 2 3 4 17 64 68 78007:29am 1.9 2.1 2.1 2.9 3.2 0 10 20 2 3 4 13 64 32 6107:30am 1.8 2.7 2.5 2.9 3.3 10 10 10 1.5 2.5 3.5 12 84 28 4707:32am 1.9 2.5 2.5 2.9 3.3 10 10 30 2 3 4 44 64 68 78507:33am 1.5 2.7 2.7 3.1 3.5 10 30 10 1.5 3 4 16 52 32 2007:34am 2.1 2.7 2.7 3.1 3.5 10 10 10 2 3 4 16 20 80 370

7:35am 1.5 2.7 2.7 3.1 3.3 10 10 10 1.5 2.5 3.5 16 49 108 3507:48am 2 2.7 2.7 3 3.3 10 20 10 1.5 2.5 3.5 16 38 76 4707:49am 1.9 2.7 2.7 3.1 3.5 10 10 10 2 3 4 14 36 80 7010

7:50am 2 2.7 0.7 3.1 3.1 10 10 10 2 3 4 14 84 64 6400

MBT Dukascopy


10/30

165246422.xls.ms_office 10n that price level so it wont affect the averages

pared manually to a live MBT account to verify the demo is reasonably accurate.

Lvl 1Ask

Lvl 2Bid

Lvl 2Ask

Lvl 3Bid

Lvl 3Ask

Lvl 1Bid

Lvl 1Ask

Lvl 2Bid

Lvl 2Ask

Lvl 3Bid

Lvl 3Ask

460 190 480 180 500 25 40 20 45 15 50510 240 530 220 550 35 50 30 55 25 60700 440 710 420 730 40 60 35 65 30 70530 260 550 240 570 25 45 20 50 15 55840 570 860 550 880 60 80 55 85 50 90870 600 890 580 910 60 85 55 90 50 95880 610 900 590 920 60 80 55 85 50 90770 500 790 480 810 50 70 45 75 40 80

960 700 970 680 990 90 95 880 900 875 905710 440 730 430 750 50 70 45 75 40 809220 8950 9240 8930 9250 0 20 895 925 890 9308850 8580 8870 8560 8890 60 85 55 90 50 959210 8940 9230 8920 9250 0 20 895 925 890 930

9190 8920 9210 8900 9230 0 20 895 925 890 9309390 9120 9400 9100 9410 10 35 5 40 0 459250 8980 9270 8960 9290 900 925 895 930 890 9359340 9070 9360 9050 9380 910 935 905 940 900 945

320 50 340 30 360 900 920 895 925 890 9309040 8770 9060 8750 9080 880 900 875 905 870 9109020 8750 9040 8730 9060 75 95 870 900 865 9059100 8850 9120 8830 9140 880 905 875 910 870 9159030 8760 9050 8740 9070 80 90 875 905 870 910

980 8710 9000 8690 9020 875 900 870 905 860 910780 510 800 490 820 55 80 50 85 45 90820 550 840 530 860 60 80 55 85 50 90

810 570 840 550 850 55 70 50 75 45 80

DukascopyMBT


11/30


Lvl 1 A Lvl 2 B Lvl 2 A Lvl 3 B Lvl 3 A Lvl 1 B Lvl 1 A Lvl 2 B Lvl 2 A Lvl 3 B Lvl 3 A550 280 570 260 590 25 45 20 50 15 55

80060 79770 80080 79750 80100 80 95 7975 8000 7970 8005880 590 890 570 900 65 80 60 85 55 90800 530 810 510 820 60 75 55 80 50 851030 780 1070 760 1090 85 100 80 105 75 110620 330 640 310 660 40 60 35 65 30 70370 90 380 80 400 10 30 5 35 0 40870 580 890 560 910 65 85 60 90 55 95420 140 440 130 460 15 35 10 40 5 45

80070 79790 80090 79780 80110 80 95 7975 8000 7970 800580080 79800 80090 79780 80110 7985 8000 7980 8005 7975 8010

80110 79900 80190 79880 80210 7995 8015 7990 8020 7985 8025850 580 870 560 890 60 80 55 85 50 90940 660 960 650 980 75 90 70 95 7965 8000890 600 910 580 930 60 80 55 85 50 90670 300 600 380 710 50 65 45 70 40 75

460 170 480 150 500 20 40 15 45 10 50600 330 620 310 640 40 60 35 65 30 70

920 630 940 610 960 70 90 65 95 760 8008000 7780 8070 7760 8090 780 800 775 805 770 810820 550 840 540 860 55 75 50 80 45 85720 450 740 430 760 55 70 50 75 45 808100 7830 8120 7810 8140 790 810 785 815 780 820470 180 490 160 510 35 50 30 60 25 65640 350 660 330 680 45 65 40 70 35 75

620 330 640 310 640 45 60 40 65 35 70740 460 760 450 780 55 70 50 75 45 807280 6990 7300 6970 7320 10 30 5 35 0 40

6470 380 690 360 670 45 65 40 70 35 75

MBT Dukascopy


12/30


EUR/JPYSpreads Lots Volume Spreads Lots Volume

Session

FxProMT4

Live

MBTMT4

Demo Lv 1 Lv 2 Lv 3

Lv 1

Lots

Lv 2

Lots

Lv 3

Lots Lv 1 Lv 2 Lv 3

Lv 1

Lots

Lv 2

Lots

Lv 3

LotsEuropean Session 1.6 2.5 2.5 2.9 3.2 12.4 10.0 11.8 2.0 3.0 4.0 61.5 71.2 67.1

Pre US & US session 1.5 2.5 2.5 2.9 3.2 11.0 11.0 10.5 2.0 3.0 4.0 28.2 72.8 65.1

Asian Session 3.0 2.5 2.5 2.9 3.2 10.0 10.0 12.9 2.1 3.1 4.1 65.7 44.1 89.1

Overall 1.8 2.5 2.5 2.9 3.2 11.3 10.4 11.3 2.0 3.0 4.1 46.6 67.7 69.6

GBP/USD


Session

FxProMT4Live

MBTMT4

Demo Lv 1 Lv 2 Lv 3Lv 1Lots

Lv 2Lots


Lv 1Lots

Lv 2Lots

Lv 3Lots

European Session 1.6 2.6 2.5 3.0 3.3 11.2 14.4 11.7 1.8 2.8 3.8 34.1 56.4 61.3

Pre US & US session 1.8 2.5 2.5 3.0 3.3 9.5 12.5 14.0 1.8 2.8 3.8 27.3 51.1 59.3

Asian Session 2.2 2.4 2.4 3.0 3.4 7.8 10.0 10.0 1.9 3.1 4.7 14.4 51.2 56.0

Overall 1.8 2.5 2.5 3.0 3.4 9.8 12.8 12.3 1.8 2.8 3.9 27.4 53.1 59.4

MBT Dukascopy

MBT Dukascopy

Note:Dukascopy has 2.5 to 5 times the volume available on Level one best prices vs MBT during European and US sessions.Watching the Market Depth it is obvious MBT is artificially keeping the sizes available at 10 lots for the first three price levels almostall of the time. Once might conjecture then that the chances of price slippage on order fills is substantially greater with MBT.For EJ, 64% of the time Dukascopy Level 1 available volume was greater than the first two levels of MBT available volume and 44%of the time Dukascopy Level 1 volume exceeded the typical volume of the combined first three levels of MBT.


13/30


CONCLUSIONS 45 data captures EJ, 47 data captures on GU

1 Standard Lot Round Trip Trade Cost 0 captures for Go (used typical from w ebsite)

Lower Personal Trade

Volume

MBTDukascopy

$5,000

Dukascopy

$10,000

Go (Anysize

trade &

monthly

volume)

% Savings

Dukas vs MBT

$5k deposit

% Savings

Dukas vs

MBT $10k

deposit

% Savings

GO vs Duk

$5k deposit

% Savings

GO vs Duk

$10k

deposit

Level 1 Spread GBP/USD $25.00 $18.00 $18.00 $20.00

Commission GBP/USD $9.74 $16.50 $11.88 0

Total Cost GBP/USD $34.74 $34.50 $29.88 $20 0.7% 14.0% 42.0% 33.1%

Level 1 Spread EUR/JPY $25.00 $20.00 $20.00 $34.00

Commission EUR/JPY $7.79 $13.20 $9.50 0Total Cost EUR/JPY $32.79 $33.20 $29.50 $34 -1.3% 10.0% -2.4% -15.3%

Allowing for common slippage on MBT because of much lower volume of spread levels use avg MBT 3 levels)

Level 1 Spread GBP/USD $27.00 $18.00 $18.00 $20.00

Commission GBP/USD $9.74 $16.50 $11.88 0Total Cost GBP/USD $36.74 $34.50 $29.88 $20 6.1% 18.7% 42.0% 33.1%

Level 1 Spread EUR/JPY $29.00 $20.00 $20.00 $34.00

Commission EUR/JPY $7.79 $13.20 $9.50 0

Total Cost EUR/JPY $36.79 $33.20 $29.50 $34 9.8% 19.8% -2.4% -15.3%

Allowing for common slippage on MBT because of much lower volume of spread levels use avg MBT 3 levels)

Plus meeting 2nd Dukascopy trading volume = 12.5 std lots per day

Level 1 Spread GBP/USD $30.00 $18.00 $18.00 $20.00Commission GBP/USD $9.74 $5.94 $5.94 0

Total Cost GBP/USD $39.74 $23.94 $23.94 $20 39.8% 39.8% 16.5%

Level 1 Spread EUR/JPY $29.00 $20.00 $20.00 $34.00Commission EUR/JPY $7.79 $4.75 $4.75 0

Total Cost EUR/JPY $36.79 $24.75 $24.75 $34 32.7% 32.7% -37.4%


14/30

165246422.xls.ms_office 14COMMISSIONSRequired RoundTrip Volume To Earn Comm Disc

Per

$100k

each

way

Round

Trip (RT)

RT

GBP/USD

RT

EUR/JPY RT Monthly $

RT

Monthly

Std Lots

RT Daily

Standard

Lots

RT Daily

Trades if 10

Lot Trades

MBT Normal Rate $2.95 $5.90 $9.74 $7.79

GoMarketsaus.com $0.00 $0.00 $0.00 $0.00

Dukas Normal Rate $5.00 $10.00 $16.50 $13.20

Dukas Disc 1 $3.60 $7.20 $11.88 $9.50 $5 Mill 50 2.5

Dukas Disc 2 $1.80 $3.60 $5.94 $4.75 $25 Mill 250 12.5 1.25

Dukas Disc 3 $1.50 $3.00 $4.95 $3.96 $250 Mill 2500 125 12.5

Dukas Disc 4 $1.20 $2.40 $3.96 $3.17 $500 Mill 5000 250 25

Dukas Disc 5 $0.90 $1.80 $2.97 $2.38 $1 Bill 10,000 500 50

Dukas Disc 6 $0.50 $1.00 $1.65 $1.32 $1.5 Bill 15,000 750 75

Dukas Normal Rate $5.00 $10.00 $16.50 $13.20 >$5,000 Deposit Based

Dukas Disc 1 $3.60 $7.20 $11.88 $9.50 >$10,000 Deposit Based



Dukas Disc 4 $1.00 $2.00 $3.30 $2.64 >$5 million Deposit Based


One Standard Lot = $100,000 Based on GU price 1.65, EJ price 132.00 1 Month = 20 Trading Days

MBT Commission Discounts: I spoke to rep on the phone a few weeks before they lowered their standard rate. At time of announcement Itried to get their new discounts via email from person supposedly that has to approve all discounts. At that time he did not know of any morecommission discounts. I have not pursued that again but their website still has the old * line saying to contact them for commission discounts forvolume traders. Below is their old info before the lowered the standard commission.

Not posted on their website. Not released during on-line chats. Must call in to get the commission information.Must trade at stated level a few months than negotiate a discount.The rep was not clear what would be needed to achieve the $3 rate.The rep said the best rate he ever saw was one person getting the $2 rate at monthly volume $2.5 billion in individual trades, taken as roundtrip itis $1.25 billion. They stated the rate in terms of lots (their $10k lot) 250,000 lots per month.


15/30

165246422.xls.ms_officSPREADSSpreads Lots Volume Spreads Lots Volume

Session

Duk Lv1 -

MBT Lv1

Duk Lv1 -

(MBT Lv

1&2 Avg)

Duk Lv1 -

(MBT Lv

1,2,&3 Avg) Lv 1 Lv 2 Lv 3

Lv 1

Lots

Lv 2

Lots

Lv 3

Lots Lv 1 Lv 2 Lv 3

Lv 1

Lots

Lv 2

Lots

Lv 3

Lots

Eur/Jpy -0.5 -0.7 -0.9 2.5 2.9 3.2 11.3 10.4 11.3 2.0 3.0 4.1 46.6 67.7 69.6Gbp/Usd -0.7 -1.0 -1.2 2.5 3.0 3.4 9.8 12.8 12.3 1.8 2.8 3.9 27.4 53.1 59.4

GoMarkets See note below for volume notes.

Typical

Eur/Jpy 3.4 One Standard Lot = $100,000

Gbp/Usd 2

MBTSpread Difference

Dukascopy

Note:Dukascopy has 2.5 to 5 times the volume available on Level one best prices vs MBT during European and US sessions.Watching the Market Depth it is obvious MBT is artificially keeping the sizes available at 10 lots for the first three price levels almost all of the time. Onemight conjecture then that the chances of price slippage on order fills is substantially greater with MBT of course countering that conjecture is the fact thatDukascopy has more clients and probably fatter clients.

For EJ, 64% of the time Dukascopy Level 1 available volume was greater than the first two levels of MBT available volume and 44% of the timeDukascopy Level 1 volume exceeded the typical volume of the combined first three levels of MBT.

GoMarkets rep said on phone they allow up to 20 standard lots per trade. Fills would be complete at one price. They are not a true ECN but rather a passthrough. Another company consolidates orders and handles the fills. He said banks do not accept small size. MBT rep had told me they negotiated withtheir 7 banks to accept any size order. Not sure who to believe. I had previously heard banks only deal in 10 standard lot sizes. It is possible MBT did cuta deal with their banks or are also using an intermediary which would explain their consistantly higher spreads. In my opinion if they are making their profitfrom commissions they why would their spreads be higher than FxPro and Dukascopy?

A few traders part of ATM report no problems with GoMarketsaus, fast fills, infrequent slippage.Go Typical Spreads are from their website. I have seen spreads lower and higher, depending on time of day and market conditions.

Go has had MT4 running for awhile. Dukascopy just released demo MT4.Go has micro accounts and can open an can fund at any amount. Dukascopy has mini lot as smallest and minimum funding requirements.

Go spreads in this file were from their website. I have not captured simultaneous spread info on multiple brokers with Go but I have demo traded them andhave seen frequent improvements of the listed spreads but does totally depend on time of day and market conditions so use those figures as aproximatewhen comparing to Dukascopy and MBT.


16/30


CONCLUSIONS 45 data captures EJ, 47 data captures on GU

1 Standard Lot Round Trip Trade Cost

Lower Volume

MBTDukascopy

$5,000

Dukascopy

$10,000

% Savings

Dukas vs MBT

$5k deposit

% Savings

Dukas vs MBT

$10k deposit

Level 1 Spread GBP/USD $25.00 $18.00 $18.00

Commission GBP/USD $16.50 $16.50 $11.88

Total Cost GBP/USD $41.50 $34.50 $29.88 16.9% 28.0%

Level 1 Spread EUR/JPY $25.00 $20.00 $20.00

Commission EUR/JPY $13.20 $13.20 $9.50Total Cost EUR/JPY $38.20 $33.20 $29.50 13.1% 22.8%

Allowing for common slippage on MBT because of much lower volume of spread levels use avg MBT 3 levels)Level 1 Spread GBP/USD $27.00 $18.00 $18.00Commission GBP/USD $16.50 $16.50 $11.88

Total Cost GBP/USD $43.50 $34.50 $29.88 20.7% 31.3%

Level 1 Spread EUR/JPY $29.00 $20.00 $20.00

Commission EUR/JPY $13.20 $13.20 $9.50

Total Cost EUR/JPY $42.20 $33.20 $29.50 21.3% 30.1%

Allowing for common slippage on MBT because of much lower volume of spread levels use avg MBT 3 levels)Plus meeting 2nd Dukascopy trading volume = 12.5 std lots per day

Level 1 Spread GBP/USD $30.00 $18.00 $18.00

Commission GBP/USD $16.50 $5.94 $5.94Total Cost GBP/USD $46.50 $23.94 $23.94 48.5% 48.5%

Level 1 Spread EUR/JPY $29.00 $20.00 $20.00Commission EUR/JPY $13.20 $4.75 $4.75

Total Cost EUR/JPY $42.20 $24.75 $24.75 41.4% 41.4%


17/30


COMMISSIONSRequired RoundTrip Volume To Earn Comm Disc

Per

$100k

each

way

Round

Trip (RT)

RT

GBP/USD

RT

EUR/JPY

RT Monthly

$

RT

Monthly

Std Lots

RT Daily

Standard

Lots

RT Daily

Trades if 10

Lot Trades

MBT Normal Rate $5.00 $10.00 $16.50 $13.20

MBT Disc typical 1 $4.00 $8.00 $13.20 $10.56 $250 Mill 2500 125 12.5

MBT Disc typical 2 $3.00 $6.00 $9.90 $7.92

MBT Best Discount $2.00 $4.00 $6.60 $5.28 $1.25 Bill 12,500 625 62.5

Dukas Normal Rate $5.00 $10.00 $16.50 $13.20Dukas Disc 1 $3.60 $7.20 $11.88 $9.50 $5 Mill 50 2.5

Dukas Disc 2 $1.80 $3.60 $5.94 $4.75 $25 Mill 250 12.5 1.25

Dukas Disc 3 $1.50 $3.00 $4.95 $3.96 $250 Mill 2500 125 12.5

Dukas Disc 4 $1.20 $2.40 $3.96 $3.17 $500 Mill 5000 250 25Dukas Disc 5 $0.90 $1.80 $2.97 $2.38 $1 Bill 10,000 500 50Dukas Disc 6 $0.50 $1.00 $1.65 $1.32 $1.5 Bill 15,000 750 75

Dukas Normal Rate $5.00 $10.00 $16.50 $13.20 >$5,000 Deposit Based






One Standard Lot = $100,000 Based on GU price 1.65, EJ price 132.00 1 Month = 20 Trading Days

MBT Commission Discounts:Not posted on their website. Not released during on-line chats. Must call in to get the commission information.Must trade at stated level a few months than negotiate a discount.The rep was not clear what would be needed to achieve the $3 rate.The rep said the best rate he ever saw was one person getting the $2 rate at monthly volume $2.5 billion in individual trades,taken as roundtrip it is $1.25 billion. They stated the rate in terms of lots (their $10k lot) 250,000 lots per month.


18/30


SPREADSSpreads Lots Volume Spreads Lots Volume

Session

Duk Lv1 -

MBT Lv1

Duk Lv1 -

(MBT Lv

1&2 Avg)

Duk Lv1 -

(MBT Lv

1,2,&3 Avg) Lv 1 Lv 2 Lv 3

Lv 1

Lots

Lv 2

Lots

Lv 3

Lots Lv 1 Lv 2 Lv 3

Lv 1

Lots

Lv 2

Lots

Lv 3

Lots

Eur/Jpy -0.5 -0.7 -0.9 2.5 2.9 3.2 11.3 10.4 11.3 2.0 3.0 4.1 46.6 67.7 69.6

Gbp/Usd -0.7 -1.0 -1.2 2.5 3.0 3.4 9.8 12.8 12.3 1.8 2.8 3.9 27.4 53.1 59.4

One Standard Lot = $100,000

MBTSpread Difference

Dukascopy

Note:Dukascopy has 2.5 to 5 times the volume available on Level one best prices vs MBT during European and US sessions.Watching the Market Depth it is obvious MBT is artificially keeping the sizes available at 10 lots for the first three price levels almostall of the time. One might conjecture then that the chances of price slippage on order fills is substantially greater with MBT ofcourse countering that conjecture is the fact that Dukascopy has more clients and probably fatter clients.

For EJ, 64% of the time Dukascopy Level 1 available volume was greater than the first two levels of MBT available volume and

44% of the time Dukascopy Level 1 volume exceeded the typical volume of the combined first three levels of MBT.


19/30


EUR/JPYSpreads Lots Volume Spreads Lots Volume

Session

FxProMT4

Live

MBTMT4

Demo Lv 1 Lv 2 Lv 3

Lv 1

Lots

Lv 2

Lots

Lv 3

Lots Lv 1 Lv 2 Lv 3

Lv 1

Lots

Lv 2

Lots

Lv 3

LotsEuropean Session 1.6 2.5 2.5 2.9 3.2 12.4 10.0 11.8 2.0 3.0 4.0 61.5 71.2 67.1

Pre US & US session 1.5 2.5 2.5 2.9 3.2 11.0 11.0 10.5 2.0 3.0 4.0 28.2 72.8 65.1

Asian Session 3.0 2.5 2.5 2.9 3.2 10.0 10.0 12.9 2.1 3.1 4.1 65.7 44.1 89.1

Overall 1.8 2.5 2.5 2.9 3.2 11.3 10.4 11.3 2.0 3.0 4.1 46.6 67.7 69.6

GBP/USD


Session

FxProMT4Live

MBTMT4

Demo Lv 1 Lv 2 Lv 3Lv 1Lots

Lv 2Lots


Lv 1Lots

Lv 2Lots

Lv 3Lots

European Session 1.6 2.6 2.5 3.0 3.3 11.2 14.4 11.7 1.8 2.8 3.8 34.1 56.4 61.3

Pre US & US session 1.8 2.5 2.5 3.0 3.3 9.5 12.5 14.0 1.8 2.8 3.8 27.3 51.1 59.3

Asian Session 2.2 2.4 2.4 3.0 3.4 7.8 10.0 10.0 1.9 3.1 4.7 14.4 51.2 56.0

Overall 1.8 2.5 2.5 3.0 3.4 9.8 12.8 12.3 1.8 2.8 3.9 27.4 53.1 59.4

MBT Dukascopy

MBT Dukascopy

Note:Dukascopy has 2.5 to 5 times the volume available on Level one best prices vs MBT during European and US sessions.Watching the Market Depth it is obvious MBT is artificially keeping the sizes available at 10 lots for the first three price levels almostall of the time. Once might conjecture then that the chances of price slippage on order fills is substantially greater with MBT.For EJ, 64% of the time Dukascopy Level 1 available volume was greater than the first two levels of MBT available volume and 44%of the time Dukascopy Level 1 volume exceeded the typical volume of the combined first three levels of MBT.


20/30

165246422.xls.ms_office 20PIP SPREADS CLEANED means pulled out spreads on two GU records because volume was zero o

Casual observation shows most of the time MBT spreads are 2.5 pipsData captured off demo MBT and Dukascopy Market Depth. MBT Mkt Depth was co

EJAvg: 1.8 2.5 2.5 2.9 3.2 11.3 10.4 11.3 2.0 3.0 4.1 46.6 67.7 69.6


EST

FxProMT4Live

MBTMT4

Demo Lv 1 Lv 2 Lv 3

Lv 1Lots

Lv 2Lots


Lv 1Lots

Lv 2Lots

Lv 3Lots

Lvl 1Bid

3:23am 1.6 2.5 2.5 2.9 3.2 10 10 20 1.5 2.5 3.5 10 83 88 2103:23am 1.7 2.5 2.5 2.9 3.3 30 10 10 1.5 2.5 3.5 10 8 80 2603:24am 1.7 2.3 2.4 2.7 3.1 10 10 10 2 3 4 16 16 124 4603:24am 1.3 2.5 2.5 2.9 3.3 10 10 10 2 3 4 26 136 32 2803:25am 1.9 2.5 2.5 2.9 3.3 10 10 10 2 3 4 28 99 40 590

3:25am 1.9 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 4.5 84 76 16 6203:25am 1.8 2.5 2.5 2.9 3.3 10 10 10 2 3 4 40 59 116 6303:28am 1.5 2.5 2.5 2.9 3.3 10 10 10 2 3 4 108 76 80 520

3:31am 1.5 2.5 2.4 2.7 3.1 10 10 10 0.5 2 3 10 46 5 7203:31am 1.1 2.5 2.5 2.9 3.2 10 10 20 2 3 4 132 76 56 4603:33am 1.9 2.5 2.5 2.9 3.2 10 10 20 2 3 4 80 47 88 89703:33am 1.6 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 4.5 19 76 88 86003:34am 1.8 2.5 2.5 2.9 3.3 10 10 10 2 3 4 88 88 48 8960

3:34am 1.9 2.5 2.5 2.9 3.3 10 10 10 2 3 4 88 104 32 89403:35am 1.5 2.5 2.5 2.8 3.1 10 10 10 2.5 3.5 4.5 43 116 64 91403:35am 1.7 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 4.5 155 52 64 90003:36am 1.4 2.5 2.5 2.9 3.3 30 10 10 2.5 3.5 4.5 108 52 120 9090

7:27am 1.5 2.5 2.5 2.9 3.3 10 10 10 2 3 4 13 77 39 707:28am 1.5 2.5 2.5 2.9 3.3 10 30 10 2 3 4 10 96 56 87907:29am 1.5 2.5 2.5 2.9 3.3 10 10 10 2 3 4 76 108 40 87707:30am 1.8 2.5 2.3 2.7 3.1 20 10 10 2.5 3.5 4.5 126 36 80 88707:32am 1.7 2.5 2.5 2.9 3.3 10 10 10 1 3 4 49 76 50 8780

7:33am 1.7 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 5 11 118 64 7307:34am 1.3 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 4.5 2 93 49 5307:35am 0.9 2.5 2.5 2.9 3.3 10 10 10 2 3 4 11 78 32 570

7:48am 1.8 2.5 2.2 2.7 3 10 10 10 1.5 2.5 3.5 10 38 96 590

MBT Dukascopy


21/30


Avg: 1.8 2.5 2.5 3.0 3.4 9.8 12.8 12.3 1.8 2.8 3.9 27.4 53.1 59.4


EST

FxPro

MT4

Live

MBT

MT4

Demo Lv 1 Lv 2 Lv 3

Lv 1

Lots

Lv 2

Lots

Lv 3

Lots Lv 1 Lv 2 Lv 3

Lv 1

Lots

Lv 2

Lots

Lv 3

Lots Lvl 1 B3:17am 1.7 2.6 2.6 2.9 3.3 20 10 10 2 3 4 85 40 44 290

3:18am 1.6 2.7 2.7 3.1 3.5 10 30 10 1.5 2.5 3.5 10 77 28 797903:11am 2.3 2.7 2.7 3 3.3 10 10 10 1.5 2.5 3.5 10 21 84 6103:12am 1.4 2.3 2.3 2.8 3.1 1 10 10 1.5 2.5 3.5 16 57 80 5703:12am 1.7 2.5 2.3 2.9 3.3 10 10 10 1.5 2.5 3.5 10 84 56 8003:14am 1.6 2.7 2.7 3.1 3.5 10 10 10 2 3 4 41 36 80 3503:15am 1.6 2.6 2.6 2.9 3.2 10 10 20 2 3 4 122 24 60 1103:15am 1.9 2.7 2.7 3.1 3.5 10 10 10 2 3 4 18 56 64 600

3:16am 2.2 2.7 2.7 3 3.3 10 10 10 2 3 4 18 120 40 1503:18am 1.1 2.7 2.7 3 3.3 10 20 10 1.5 2.5 3.5 33 36 80 798003:20am 1.8 2.6 2.6 2.9 3.3 10 10 10 1.5 2.5 3.5 10 60 32 79820

3:19am 1.6 1.9 1.9 2.9 3.3 10 10 10 2 3 4 10 112 56 799203:21am 1.7 2.1 2.1 2.9 3.3 20 10 10 2 3 4 25 88 52 6403:22am 0.8 2.7 2.7 3 3.3 10 20 10 1.5 2.5 3.5 10 60 60 6703:22am 1.2 2.7 2.7 3.1 3.5 10 20 10 2 3 4 93 16 68 6203:36am 1.3 2.7 2.7 3 3.3 10 20 10 1.5 2.5 3.5 17 24 75 400

3:37am 2 2.7 2.7 3.1 3.5 10 30 10 2 3 4 65 48 76 1903:37am 2 2.4 2.4 2.9 3.3 20 9.9 30 2 3 4 21 56 68 360

7:27am 1.7 2.7 2.7 3.1 3.5 10 10 30 2 3 4 29 52 72 6507:28am 2 2 2 2.9 3.3 10 10 10 2 3 4 17 64 68 78007:29am 1.9 2.1 2.1 2.9 3.2 0 10 20 2 3 4 13 64 32 6107:30am 1.8 2.7 2.5 2.9 3.3 10 10 10 1.5 2.5 3.5 12 84 28 4707:32am 1.9 2.5 2.5 2.9 3.3 10 10 30 2 3 4 44 64 68 78507:33am 1.5 2.7 2.7 3.1 3.5 10 30 10 1.5 3 4 16 52 32 2007:34am 2.1 2.7 2.7 3.1 3.5 10 10 10 2 3 4 16 20 80 370

7:35am 1.5 2.7 2.7 3.1 3.3 10 10 10 1.5 2.5 3.5 16 49 108 3507:48am 2 2.7 2.7 3 3.3 10 20 10 1.5 2.5 3.5 16 38 76 4707:49am 1.9 2.7 2.7 3.1 3.5 10 10 10 2 3 4 14 36 80 7010

7:50am 2 2.7 0.7 3.1 3.1 10 10 10 2 3 4 14 84 64 6400

MBT Dukascopy


22/30

165246422.xls.ms_office 22n that price level so it wont affect the averages

pared manually to a live MBT account to verify the demo is reasonably accurate.

Lvl 1Ask

Lvl 2Bid

Lvl 2Ask

Lvl 3Bid

Lvl 3Ask

Lvl 1Bid

Lvl 1Ask

Lvl 2Bid

Lvl 2Ask

Lvl 3Bid

Lvl 3Ask

460 190 480 180 500 25 40 20 45 15 50510 240 530 220 550 35 50 30 55 25 60700 440 710 420 730 40 60 35 65 30 70530 260 550 240 570 25 45 20 50 15 55840 570 860 550 880 60 80 55 85 50 90

870 600 890 580 910 60 85 55 90 50 95880 610 900 590 920 60 80 55 85 50 90770 500 790 480 810 50 70 45 75 40 80

960 700 970 680 990 90 95 880 900 875 905710 440 730 430 750 50 70 45 75 40 809220 8950 9240 8930 9250 0 20 895 925 890 9308850 8580 8870 8560 8890 60 85 55 90 50 959210 8940 9230 8920 9250 0 20 895 925 890 930

9190 8920 9210 8900 9230 0 20 895 925 890 9309390 9120 9400 9100 9410 10 35 5 40 0 459250 8980 9270 8960 9290 900 925 895 930 890 9359340 9070 9360 9050 9380 910 935 905 940 900 945

320 50 340 30 360 900 920 895 925 890 9309040 8770 9060 8750 9080 880 900 875 905 870 9109020 8750 9040 8730 9060 75 95 870 900 865 9059100 8850 9120 8830 9140 880 905 875 910 870 9159030 8760 9050 8740 9070 80 90 875 905 870 910

980 8710 9000 8690 9020 875 900 870 905 860 910780 510 800 490 820 55 80 50 85 45 90820 550 840 530 860 60 80 55 85 50 90

810 570 840 550 850 55 70 50 75 45 80

DukascopyMBT


23/30


Lvl 1 A Lvl 2 B Lvl 2 A Lvl 3 B Lvl 3 A Lvl 1 B Lvl 1 A Lvl 2 B Lvl 2 A Lvl 3 B Lvl 3 A550 280 570 260 590 25 45 20 50 15 55

80060 79770 80080 79750 80100 80 95 7975 8000 7970 8005880 590 890 570 900 65 80 60 85 55 90800 530 810 510 820 60 75 55 80 50 851030 780 1070 760 1090 85 100 80 105 75 110620 330 640 310 660 40 60 35 65 30 70370 90 380 80 400 10 30 5 35 0 40870 580 890 560 910 65 85 60 90 55 95

420 140 440 130 460 15 35 10 40 5 4580070 79790 80090 79780 80110 80 95 7975 8000 7970 800580080 79800 80090 79780 80110 7985 8000 7980 8005 7975 8010

80110 79900 80190 79880 80210 7995 8015 7990 8020 7985 8025850 580 870 560 890 60 80 55 85 50 90940 660 960 650 980 75 90 70 95 7965 8000890 600 910 580 930 60 80 55 85 50 90670 300 600 380 710 50 65 45 70 40 75460 170 480 150 500 20 40 15 45 10 50600 330 620 310 640 40 60 35 65 30 70

920 630 940 610 960 70 90 65 95 760 8008000 7780 8070 7760 8090 780 800 775 805 770 810820 550 840 540 860 55 75 50 80 45 85720 450 740 430 760 55 70 50 75 45 808100 7830 8120 7810 8140 790 810 785 815 780 820470 180 490 160 510 35 50 30 60 25 65640 350 660 330 680 45 65 40 70 35 75

620 330 640 310 640 45 60 40 65 35 70740 460 760 450 780 55 70 50 75 45 807280 6990 7300 6970 7320 10 30 5 35 0 40

6470 380 690 360 670 45 65 40 70 35 75

MBT Dukascopy


24/30


EJAvg: 1.8 2.5 2.5 2.9 3.2 11.3 10.4 11.3 2.0 3.0 4.1 46.6 67.7


EST

FxProMT4Live

MBTMT4

Demo Lv 1 Lv 2 Lv 3

Lv 1Lots

Lv 2Lots


Lv 1Lots

Lv 2Lots

3:23am 1.6 2.5 2.5 2.9 3.2 10 10 20 1.5 2.5 3.5 10 833:23am 1.7 2.5 2.5 2.9 3.3 30 10 10 1.5 2.5 3.5 10 83:24am 1.7 2.3 2.4 2.7 3.1 10 10 10 2 3 4 16 163:24am 1.3 2.5 2.5 2.9 3.3 10 10 10 2 3 4 26 1363:25am 1.9 2.5 2.5 2.9 3.3 10 10 10 2 3 4 28 99

3:25am 1.9 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 4.5 84 763:25am 1.8 2.5 2.5 2.9 3.3 10 10 10 2 3 4 40 593:28am 1.5 2.5 2.5 2.9 3.3 10 10 10 2 3 4 108 76

3:31am 1.5 2.5 2.4 2.7 3.1 10 10 10 0.5 2 3 10 463:31am 1.1 2.5 2.5 2.9 3.2 10 10 20 2 3 4 132 763:33am 1.9 2.5 2.5 2.9 3.2 10 10 20 2 3 4 80 473:33am 1.6 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 4.5 19 763:34am 1.8 2.5 2.5 2.9 3.3 10 10 10 2 3 4 88 883:34am 1.9 2.5 2.5 2.9 3.3 10 10 10 2 3 4 88 1043:35am 1.5 2.5 2.5 2.8 3.1 10 10 10 2.5 3.5 4.5 43 1163:35am 1.7 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 4.5 155 523:36am 1.4 2.5 2.5 2.9 3.3 30 10 10 2.5 3.5 4.5 108 52

7:27am 1.5 2.5 2.5 2.9 3.3 10 10 10 2 3 4 13 777:28am 1.5 2.5 2.5 2.9 3.3 10 30 10 2 3 4 10 967:29am 1.5 2.5 2.5 2.9 3.3 10 10 10 2 3 4 76 1087:30am 1.8 2.5 2.3 2.7 3.1 20 10 10 2.5 3.5 4.5 126 367:32am 1.7 2.5 2.5 2.9 3.3 10 10 10 1 3 4 49 76

7:33am 1.7 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 5 11 1187:34am 1.3 2.5 2.5 2.9 3.3 10 10 10 2.5 3.5 4.5 2 937:35am 0.9 2.5 2.5 2.9 3.3 10 10 10 2 3 4 11 78

7:48am 1.8 2.5 2.2 2.7 3 10 10 10 1.5 2.5 3.5 10 38

MBT Dukascopy


25/30


Avg: 1.8 2.5 2.4 3.0 3.4 9.8 12.8 12.3 1.8 2.8 3.9 27.4 53.1


EST

FxPro

MT4

Live

MBT

MT4

Demo Lv 1 Lv 2 Lv 3

Lv 1

Lots

Lv 2

Lots

Lv 3

Lots Lv 1 Lv 2 Lv 3

Lv 1

Lots

Lv 2

Lots3:17am 1.7 2.6 2.6 2.9 3.3 20 10 10 2 3 4 85 40

3:18am 1.6 2.7 2.7 3.1 3.5 10 30 10 1.5 2.5 3.5 10 773:11am 2.3 2.7 2.7 3 3.3 10 10 10 1.5 2.5 3.5 10 213:12am 1.4 2.3 2.3 2.8 3.1 1 10 10 1.5 2.5 3.5 16 573:12am 1.7 2.5 2.3 2.9 3.3 10 10 10 1.5 2.5 3.5 10 843:14am 1.6 2.7 2.7 3.1 3.5 10 10 10 2 3 4 41 363:15am 1.6 2.6 2.6 2.9 3.2 10 10 20 2 3 4 122 243:15am 1.9 2.7 2.7 3.1 3.5 10 10 10 2 3 4 18 56

3:16am 2.2 2.7 2.7 3 3.3 10 10 10 2 3 4 18 1203:18am 1.1 2.7 2.7 3 3.3 10 20 10 1.5 2.5 3.5 33 363:20am 1.8 2.6 2.6 2.9 3.3 10 10 10 1.5 2.5 3.5 10 60

3:19am 1.6 1.9 1.9 2.9 3.3 10 10 10 2 3 4 10 1123:21am 1.7 2.1 2.1 2.9 3.3 20 10 10 2 3 4 25 883:22am 0.8 2.7 2.7 3 3.3 10 20 10 1.5 2.5 3.5 10 603:22am 1.2 2.7 2.7 3.1 3.5 10 20 10 2 3 4 93 163:36am 1.3 2.7 2.7 3 3.3 10 20 10 1.5 2.5 3.5 17 243:37am 2 2.7 2.7 3.1 3.5 10 30 10 2 3 4 65 483:37am 2 2.4 2.4 2.9 3.3 20 9.9 30 2 3 4 21 56

7:27am 1.7 2.7 2.7 3.1 3.5 10 10 30 2 3 4 29 527:28am 2 2 2 2.9 3.3 10 10 10 2 3 4 17 647:29am 1.9 2.1 2.1 2.9 3.2 0 10 20 2 3 4 13 647:30am 1.8 2.7 2.5 2.9 3.3 10 10 10 1.5 2.5 3.5 12 847:32am 1.9 2.5 2.5 2.9 3.3 10 10 30 2 3 4 44 647:33am 1.5 2.7 2.7 3.1 3.5 10 30 10 1.5 3 4 16 527:34am 2.1 2.7 2.7 3.1 3.5 10 10 10 2 3 4 16 20

7:35am 1.5 2.7 2.7 3.1 3.3 10 10 10 1.5 2.5 3.5 16 497:48am 2 2.7 2.7 3 3.3 10 20 10 1.5 2.5 3.5 16 387:49am 1.9 2.7 2.7 3.1 3.5 10 10 10 2 3 4 14 36

7:50am 2 2.7 0.7 3.1 3.1 10 10 10 2 3 4 14 84

MBT Dukascopy


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69.6

e

Lv 3Lots

Lvl 1Bid

Lvl 1Ask

Lvl 2Bid

Lvl 2Ask

Lvl 3Bid

Lvl 3Ask

Lvl 1Bid

Lvl 1Ask

Lvl 2Bid

Lvl 2Ask

Lvl 3Bid

88 210 460 190 480 180 500 25 40 20 45 1580 260 510 240 530 220 550 35 50 30 55 25

124 460 700 440 710 420 730 40 60 35 65 3032 280 530 260 550 240 570 25 45 20 50 1540 590 840 570 860 550 880 60 80 55 85 50

16 620 870 600 890 580 910 60 85 55 90 50116 630 880 610 900 590 920 60 80 55 85 5080 520 770 500 790 480 810 50 70 45 75 40

5 720 960 700 970 680 990 90 95 880 900 87556 460 710 440 730 430 750 50 70 45 75 4088 8970 9220 8950 9240 8930 9250 0 20 895 925 89088 8600 8850 8580 8870 8560 8890 60 85 55 90 5048 8960 9210 8940 9230 8920 9250 0 20 895 925 89032 8940 9190 8920 9210 8900 9230 0 20 895 925 89064 9140 9390 9120 9400 9100 9410 10 35 5 40 064 9000 9250 8980 9270 8960 9290 900 925 895 930 890

120 9090 9340 9070 9360 9050 9380 910 935 905 940 900

39 70 320 50 340 30 360 900 920 895 925 89056 8790 9040 8770 9060 8750 9080 880 900 875 905 87040 8770 9020 8750 9040 8730 9060 75 95 870 900 86580 8870 9100 8850 9120 8830 9140 880 905 875 910 87050 8780 9030 8760 9050 8740 9070 80 90 875 905 870

64 730 980 8710 9000 8690 9020 875 900 870 905 86049 530 780 510 800 490 820 55 80 50 85 4532 570 820 550 840 530 860 60 80 55 85 50

96 590 810 570 840 550 850 55 70 50 75 45

DukascopyMBT


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165246422.xls.ms_office 2759.4

e

Lv 3

Lots Lvl 1 B Lvl 1 A Lvl 2 B Lvl 2 A Lvl 3 B Lvl 3 A Lvl 1 B Lvl 1 A Lvl 2 B Lvl 2 A Lvl 3 B44 290 550 280 570 260 590 25 45 20 50 15

28 79790 80060 79770 80080 79750 80100 80 95 7975 8000 797084 610 880 590 890 570 900 65 80 60 85 5580 570 800 530 810 510 820 60 75 55 80 5056 800 1030 780 1070 760 1090 85 100 80 105 7580 350 620 330 640 310 660 40 60 35 65 3060 110 370 90 380 80 400 10 30 5 35 064 600 870 580 890 560 910 65 85 60 90 55

40 150 420 140 440 130 460 15 35 10 40 580 79800 80070 79790 80090 79780 80110 80 95 7975 8000 797032 79820 80080 79800 80090 79780 80110 7985 8000 7980 8005 7975

56 79920 80110 79900 80190 79880 80210 7995 8015 7990 8020 798552 640 850 580 870 560 890 60 80 55 85 5060 670 940 660 960 650 980 75 90 70 95 796568 620 890 600 910 580 930 60 80 55 85 5075 400 670 300 600 380 710 50 65 45 70 4076 190 460 170 480 150 500 20 40 15 45 1068 360 600 330 620 310 640 40 60 35 65 30

72 650 920 630 940 610 960 70 90 65 95 76068 7800 8000 7780 8070 7760 8090 780 800 775 805 77032 610 820 550 840 540 860 55 75 50 80 4528 470 720 450 740 430 760 55 70 50 75 4568 7850 8100 7830 8120 7810 8140 790 810 785 815 78032 200 470 180 490 160 510 35 50 30 60 2580 370 640 350 660 330 680 45 65 40 70 35

108 350 620 330 640 310 640 45 60 40 65 3576 470 740 460 760 450 780 55 70 50 75 4580 7010 7280 6990 7300 6970 7320 10 30 5 35 0

64 6400 6470 380 690 360 670 45 65 40 70 35

MBT Dukascopy


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Lvl 3Ask

5060705590

959080

905809309593093045935945

930910905915910

9109090

80


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Lvl 3 A55

80059085110704095

4580058010

802590

800090755070

80081085808206575

708040

75


30/30

copy of spread dukas mbt

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