In MikroTik RouterOS version 2.9.42, BGP features are available for level 3 and above. You also need to enable routing-test package if you want more flexibility (BGP filtering features). The routing package, as of this version, only allows basic BGP features. I’m sure this will change later when they release RouterOS v3. Once you have enabled routing-test package, you will see new options (Routing – Filters in winbox, or /routing filters on CLI). This is very important when you have to peer with 2 or more ASes (specifically an IX and a transit which is not interested in getting IX’s routes for obvious reasons).

Since I have never configured BGP before, I caused a major problem when routes from each peer goes to another peer when they shouldn’t! I didn’t place any filter for BGP advertisements my BGP router sends to its peers. My transit ISP received the IX’s routes and the IX received full Internet routes feed my BGP router gets from the transit ISP. BGP is an exterior distance-vector routing protocol, it picks its best path by comparing the AS path lengths of every route it has. Advertising the whole Internet BGP feed to the local IX caused other ISPs’ routers participating in the IX to discover a shorter path of international routes going via my BGP router so the routers chose this new shorter path instead and outgoing traffic of these ISPs started to flow via my transit ISP! On the other hand, advertising IX routes to my transit was not a big problem since the path will be farther for their customers anyway, having to go via my BGP router first (that’s one AS further for the transit ISP’s customers to reach the IX routes, so BGP will not select it).

Fortunately I was able to spot the error immediately and placed BGP routing filters to include only my /21 IP block in the advertisements my BGP router sends to both the IX and transit. I also added an incoming BGP filter to discard a default route my transit IP includes in its BGP feed. This default route is not required since I get full BGP feed that is unfiltered.

Useful links:
http://www.mikrotik.com/testdocs/ros/2.9/routing/bgp.php
http://www.mikrotik.com/testdocs/ros/2.9/routing/filter.php
http://wiki.mikrotik.com/wiki/BGP_Case_Studies_1 — Route filters examples
http://wiki.mikrotik.com/wiki/Using_scope_and_target-scope_attributes — Important! Make sure that BGP neighbors are reachable via static routes for dynamic routes to be active (in the case of multihop BGP neighbors)
http://wiki.mikrotik.com/wiki/BGP_soft_reconfiguration_alternatives_in_RouterOS
Cisco’s BGP Reference

UPDATE: I believe FixedOrbit does not serve up-to-date information, but cidr-report does.