New with MBT
Before you decide to accept an MBT Assessment, we want to make sure that you know what you are up against.
After you sign up, you start a Demo MBT Assessment immediately as we recommend familiarising yourself with our software and trading framework. Our MBT Assessment demo version is solely intended for practicing and orientation purposes. In this account you will also receive a shortened analysis of your performance. You can create as many demo accounts as you wish to make sure you are fully prepared for an MBT Assessment.
Once you are ready to accept an ‘Live’ MBT Assessment, you can make a request here.
Please note you can’t receive our MBT Prop Account based on your performance in the ‘Demo’ MBT Assessment, or any other external track record. The ‘Live’ MBT Assessment is our Evaluation Process and is designed in a way to provide us with sufficient evidence to ascertain your trading skills within our strict trading framework, whilst also building sufficient funds for when you move on to being a Senior Trader or MBT Trader.
Please note you can’t receive our MBT Prop Account based on your performance in the ‘Demo’ MBT Assessment, or any other external track record. The ‘Live’ MBT Assessment is our Evaluation Process and is designed in a way to provide us with sufficient evidence to ascertain your trading skills within our strict trading framework, whilst also building sufficient funds for when you move on to being a Senior Trader or MBT Trader.
We are a registered company in the United Kingdom but operate remotely via the AWS Cloud. Meaning we can all trade from anywhere in the world.
You can contact us through the contact form, email, our 24/7 Live Chat, Messenger, or calling our phone number directly – all of these can be found in the contact section.
No specific qualifications are required. All clients must be over the age of 18 years old. Whether you are a beginner or already know your way around trading and are interested in improving yourself, then you’re the person we’re looking for.
The real answer is there are no reasons to join us other than to potentially increase your own bank balance, trading knowledge and maybe even find some like-minded people who share your passion for trading. You could alternatively trade your own money, on your own and do your own analysis, research and learning.
Trading is both boring and difficult, and most traders have beginners’ luck and then proceed to lose money, so we should add in frustration as another adjective. For proof just look at every broker’s website and see what percentage of the traders on their platform lose money.
As a trader, you may face many common problems such as:
- Trading an account that is too small (under capitalisation)
- Over leveraged
- Fear of losing your own money
- Psychological pressures
- Lack of discipline
- Growth limitations
- Insufficient support from your surroundings
- Analysis paralysis
- No edge
Making a living as a retail trader, especially if you intend to use your own money, is tough. There is no other industry that we can think of where you can work harder, for longer hours than your co-workers, friends or family, and end up with less money than you woke up with.
Through MBT you can work towards a trading account with up to $150,000 nominal capital and build a track record without the actual risk of losing your trading capital.
As experienced retail traders, we understand that to be part of the winning 15%, you need more than just enough capital to trade with. It is in our interest to provide our clients with conditions under which they can perform at their best. Our clients will receive access to our Trading Application which can enhance their trading edge, and they will also receive detailed feedback from our company.
MBT Traders may also periodically consult with our Performance Coach free of charge.
No more over-trading, revenge trading, over-leveraging, etc.
Once you get to the MBT Trader stage you can receive real rewards for your performance. Periodically, we can allocate more balance into your MBT Account if you’re consistently profitable. Details of profit withdrawals upon request, as we understand that everyone has different needs and preferences.
Begin by signing up for a demo of our execution-only trading platform. The ‘Demo’ environment is to test out your trading skills with an RRR of 1:2. For those who feel they have what it takes, your credentials will smoothly transition to the ‘Live’ environment after we confirm that your strategy aligns with our risk model.
When you’re ready to switch to a live account, contact us here to schedule a brief online meeting to address any further questions and discuss your trading and our expectations. When you go live you will also be invited to join our Discord server where we will build out the virtual trading desks.
The cost for this assessment is ZERO!!
You’re asking how can it cost nothing and what sort of business model is that?
We’re a team of traders and market professionals looking to expand our business. Our initial idea was simple, build the Proprietary Trading Firm we always wanted to work for. Now we’re looking for new talent. We believe there should be no barrier to entry for real trading talent.
We would like you to become a member of our trading community and we do have a tiered price structure for the services that we provide. The assessment is always part of the package that you choose, but on request we can sign you up for the assessment without all the extras.
The extras are designed to help you make money and therefore add value to your trading experience. We do reserve the right to refuse access to our ‘Live’ MBT Assessment as we have found that those that don’t pay to join the community, generally don’t take their trading with us seriously.
Evaluation Process
In order to become an MBT Trader, you will have to follow a few steps.
Step 1: ‘Live’ MBT Assessment
A live account with our execution-only trading platform where you will have to trade according to our trading framework. If you manage to pass all requirements, you will proceed to becoming an MBT Trader
Step 2: MBT Trader
After you successfully pass the assessment stage, you’re invited to become an MBT Trader. To conclude a contract for your MBT Trading Account, we will ask you to provide your ID document (passport, national ID card) and complete your identification. The conclusion of the contract is dependent on the finalisation of identification procedures in accordance with the MBT internal policies.
MBT does not provide services to persons listed on sanction lists, persons with criminal records related to financial crime or terrorism, persons below 18 years of age, company trusts, and persons previously banned because of breach of any MBT contractual requirements. In case any of the above-stated reasons are detected after an MBT Account Agreement between MBT and the customer has been concluded, MBT reserves the right to terminate the contract concerned.
Note we don’t grant an MBT Trading Account based on any past track record.
Trade Requirement: Complete 125 trades.
Minimum Stop Loss: Maintain a minimum stop loss of at least 25 pips for forex trades or 25 points for indices, metals, and oil.
Risk-to-Reward Ratio: Adhere to a risk-to-reward ratio of 1:2 for all trades.
Payout Opportunity: Achieve a win rate of ≥ 55% (69 trades) to qualify for a payout of $150,000.
≥ 55% success rate: Achieve 69 wins out of a possible 125
Title: Senior Trader
$150k sign-on bonus $150k nominal trading account with max drawdown 50%, max monthly drawdown 20%
50% – 54.99% success rate: Achieve 63 wins out of a possible 125
Title: Trader
$20k sign-on bonus $20k nominal trading account with max drawdown 50%, max monthly drawdown 20%
We do not have any maximum time limit during which you would have to pass our Evaluation Process, you can therefore take as much time as you need.
Once you complete the ‘Live’ MBT Assessment and your trades are reviewed, you can move on to the next phase right away. All in all, you can start using your MBT Trading Account after a few days.
Rules
Basic Terms & Conditions using MBT Trading platform
A live account with our execution-only trading platform where you will have to trade within our Trading Framework. If you manage to pass all requirements, you will proceed to becoming an MBT Trader.
Trading History Requirement: Complete 125 trades.
Minimum Stop Loss: Maintain a minimum stop loss of at least 25 pips for forex trades or 25 points for indices, metals, and oil.
Risk-to-Reward Ratio: Adhere to a risk-to-reward ratio of 1:2 for all trades.
After you successfully pass the assessment stage, you have the chance to become an MBT Trader. To conclude a contract for your MBT Trading Account, we will ask you to provide your ID document (passport, national ID card) and complete your identification.
The conclusion of the contract is dependent on the finalisation of identification procedures in accordance with the MBT internal policies.
MBT does not provide services to persons listed on sanction lists, persons with criminal records related to financial crime or terrorism, persons below 18 years of age, company trusts, and persons previously banned because of breach of any MBT contractual requirements. In case any of the above-stated reasons are detected after an MBT Account Agreement between MBT and the customer has been concluded, MBT reserves the right to terminate the contract concerned.
A profitable trader will earn $150k sign-on bonus if they achieve a ≥ 55% success rate upon assessment completion, once you become a full-time trader with a title of Senior Trader.
A profitable trader will earn $20k sign-on bonus if they achieve a 50% – 54.99% success rate upon assessment completion, once you become a full-time trader with a title of MBT Trader.
You can trade freely during all news releases. However, we would strongly recommend that you do not. Scheduled Tier-1 news events are known well in advance, and as they approach the institutional algo’s are turned off. This action removes most, if not all the liquidity out of the market. Don’t believe us? Take a demo of Bookmap and watch the amount of limit orders disappear before a news event. Now imagine being a broker/market maker who must give a Bid/Ask quote. The spreads are massive. It is times like these where retail traders often get stopped out as the market hunts for any size of liquidity in the market. The fact that your 25 pip SL is in the middle of that gap between the Bid and Ask is of no consequence to them, but for you, you are stopped out and your win/loss ratio has just got worse.
Our risk algo has a minimum of 25 pips SL for forex and 25 points for indices and commodities. However, we may require larger stop losses during prolonged periods of illiquidity, and we would recommend using larger stop losses for certain currency pairs and illiquid assets classes.
Currently every trade has a RRR of 1:2
Simple answer is no. However, with the more illiquid assets that you can trade, we would strongly advise reducing your risk around the open and close of a market. Especially around the weekends. Once again, the Liquidity Provider (LP) will struggle to quote a tight spread between the Bid and Ask and the widening of the spread will invariably knock your SL out if you leave it live.
Below is a list of our available symbols that you may trade. We do not have any other assets that we are considering currently. If trading volumes increase in the more exotic currency pairs etc. we may consider trading them then.
| Symbol |
|---|
| XAUUSD |
| XAGUSD |
| USOil |
| USDJPY |
| USDCAD |
| UKOil |
| UK100 |
| SP500 |
| NZDUSD |
| NAS100 |
| GBPUSD |
| GBPJPY |
| EURUSD |
| EURJPY |
| EURGBP |
| AUDUSD |
| AUDJPY |
Your trading style is up to you!
From our data we have seen that traders who avoid trying to scalp the markets and look for intraday swing trades have the best chance.
If you are a Daily time frame trader you will find that the maximum SL of 125 pips won’t fit your strategy, similarly if you are a 1-minute timeframe trader the minimum TP of 50 pips will prove too difficult to reach on a consistent basis.
The timeframes that would appear to give the best compromise are between m15 and H4, with the expectation of holding a trade for a couple of sessions a good guide to what works more often than not.
MBT Account
I am a MBT Trader, Now what?
During the ‘Live’ MBT Assessment our risk algo decides on the position size of your trades. The calculation is based on the size of our account and your win ratio.
Senior MBT Traders will have a balance of $150k nominal trading account, max draw-down 50%, max monthly draw-down 20%
MBT Traders will have a balance of $20k nominal trading account, max draw-down 50%, max monthly draw-down 20%
If you are successful and consistent in the long run, your MBT Account balance can be increased according to our Scaling Plan. The Scale-up can only be accommodated during the Profit Split processing. If your account fulfills the eligibility criteria, you will be able to request a Scale-up during the Payout process. We shall then review your track record and provide a scaled-up MBT Account for you for the upcoming trading period.
When you trade the ‘Live’ MBT Assessment, your trade signals use a pool of proprietary money. As your win rate increases, the algorithm boosts the position size for your signals. The profits generated by your signals are used to pay your sign-on bonus and fund your live trading account. To guarantee your $150k sign-on bonus, you need to achieve at least 69 winning trades and maintain a win rate of 55% or higher. This requirement is based on our calculations.
The profit split on an MBT Account is done on a monthly basis by default. We will do a payment run on the last Monday of the month for all withdrawal requests made by the close of the prior trading week.
All payments to the client will be subject to taxes. We are trading CFD’s in the UK markets and these are subject to specific taxes unlike Spread Betting. You are solely responsible for declaring your income and paying your taxes. Macrobriefing Ltd. is not authorised to provide and advice or instructions.
For the MBT Assessment you will be using our proprietary execution-only platform. In your MBT Account you will have a choice of platforms from our Liquidity Provider. As this is subject to change, we will offer what is available on request.
This is proprietary trading, so you will be trading with our capital. During the ‘Live’ MBT Assessment, account size and position size details are not disclosed. Instead, we rely on our risk model and associated algorithm to determine how much risk your signals will take with our pool of funds. This process is entirely automated, with no human intervention.
Many traders get preoccupied with their account size. We prefer that you focus on trading your best strategy rather than fixating on profit and loss. The ‘Live’ MBT Assessment is designed to emphasize your execution skills, which we hope will alleviate some of the stress associated with trading.
Other Services
Following are some of the highlights that make us proud of what we do
Absolutely! As traders ourselves, we understand our clients’ needs through our own experiences. We continually develop new features, tools, applications, and educational content for our traders.
Mentoring: We’re here to assist you, especially if you’re using our strategies from our educational content or Discord server. If something in the markets doesn’t make sense, we’ll do our best to explain it. If we can’t, we’ll find someone who can.
Trading Journal: We’ve used everything from a notepad and pen to applications like Edgewonk. If you need help figuring out how to best record your trades, we can offer you some solutions.
Account Analysis: This is a comprehensive assessment of your trading period, including a wide selection of data and statistics.
Trader’s Analysis: This tool summarizes all your trading history, including Free trials, MBT Assessment, and Accounts. It provides a deep analytical view of your trading data since the beginning of your MBT trading career. While it might not get you a job at JPM, it will help you address any trading-related issues so you don’t need to work for someone else.
MBT Education: Unlike business models where trading companies make you sign up for a course and then give you a small account to trade, we offer a detailed explanation of how we trade. This information, which is freely available on the internet, saves us from having to repeat ourselves repeatedly.
Discord Server: This is where everything is posted and where you can interact with us daily. We share institutional research and analysis, economic calendars, and a brief run-down of the main events for the day. If we come across something online that we believe will help you gain an edge, we share it.
Begin by signing up for a demo of our execution-only trading platform. The demo environment is to test out your trading skills with an RRR of 1:2. For those who feel they have what it takes, your credentials will smoothly transition to the live environment after we confirm that your strategy aligns with our risk model.
Certainly. We understand that psychology can be a significant assessment for many traders. We’ve also dealt with issues like over-trading, revenge trading, greed, and FOMO ourselves.
It is said that 80% of success in trading depends on having the right mindset, controlled emotions, and psychological stability. That’s why we have mentors, and we offer their services to all our traders.