THE FOREIGN CURRENCY TRADING YOUR ARE ENTERED INTO IS NOT CONDUCTED ON THE EXCHANGE. MBTF IS ACTING AS A COUNTERPARTY IN THESE TRANSACTIONS AND, THEREFORE, ACT AS THE BUYER WHEN YOU SELL AND THE SELLER WHEN YOU BUY. THE PRICES MBTF OFFERS MIGHT NOT BE THE BEST PRICES AVAILABLE.
ALTHOUGH MBTF IS THE COUNTERPARTY TO EACH OF YOUR TRADE, MBTF LIMITS RISK TO ITSELF BY INSTANTANEOUSLY OFFSETTING THE TRADES AND POSITIONS IT ENTERS WITH YOU WITH A BANK OR INSTITUTIONAL MARKET MAKER. AS A RESULT, MBTF DOES NOT PROFIT WHEN YOU LOSE MONEY ON A GRADE. RATHER, MBTF EARNS COMMISSIONS ON EACH TRADES IT ENTERS INTO WITH YOU. THE AMOUNT OF COMMISSIONS CHARGED IS DISCLOSURED ON MBTF'S WEBSITE AT WWW.MBTRADING.COM/FX/COMMISSIONS.ASP