MBtrading Review |
MB Trading was founded in 1999 and is based in El Segundo, California, USA.
MB Trading is a direct access brokerage firm that develops and markets trading technology to online investors and institutions. Using a proprietary order routing system, MB Trading allows investors to bypass the middleman and trade directly to the NASDAQ, NYSE and AMEX markets as well as direct access executions in futures and options. For Forex, they made life even simpler by bypassing the need for a dealing desk.
MB Trading offers its clients to buy on margin up to 100:1, and accounts can be opened with only $400. You can place orders of any size, as low as 1 lot (1 lot = $10,000).
MB Trading is regulated by the NFA, a regulating body in the US.
Barron’s has consistently ranked MB Trading at or near the top of online brokers for trading technology, pricing, and order routing for the last several years, including Best On-Line Broker in 2006.
Name: MB Trading Futures
Established: 1999
• Free Webinars
• 24/7 support center
• MT4 for ECN
• 100:1 leverage
• MB University available
Minimum to open account is $400 (might be high for the new investor, but free demo account is available)
Website: http://ww.mbtrading.com
round the clock support, education, and training throughout the trading week via: phone, live on-line chat, e-mail, and Skype
Located: El Segundo, California USA
Regulated by NFA in the USA – $20 Million in Net Cap
Languages supported: English
Free demo accounts are available for Navigator and MT4
Accepted Deposits: Check, Bank Wire, ACH Transfers
Stocks – $4.95 Flat Rate
Futures – $0.95 per Contract
Options – $0.95 per Contract
Forex – $0.295 per 10,000 USD traded
History
Why Was MB Trading Created?
There was a growing frustration among active online traders of traditional web-based brokers because of delays in trade executions, frequent system failures and poor customer support. To provide better service, MB Trading built a company that provides high-end technology products encompassing fast executions, low-cost commissions and unmatched customer service.
How Does MB Trading Operate?
The company created their MBT Navigator platform product, which provides investors the ability to set up their personal system to fit the way they work best in their chosen trading market. Traders can choose to see just the simple MBT Navigator order entry window or customize it to add all pertinent personal and market data windows. In one click, a trader can place a trade and see where and how an order was filled.
MBT Navigator is the only Order Management System (OMS) that integrates seamlessly into a wide variety of third party applications through the MBT Partner Program. Clients can simultaneously place orders, view account information, and watch quotes and charts on one screen at the same time using the application of their liking.
What Is MB Trading’s Mission?
Through our research, we found (and this is not offered by other brokers) that MB Trading offers round the clock support, education, and training throughout the trading week via phone, live on-line chat, e-mail, and Skype. The phones are staffed with knowledgeable representatives and information technology specialists, so investors can get their questions answered immediately. With the launch of MBT University, the company is making a great effort to raise the bar in round-the-clock customer support.
Stocks
MB Trading has over a decade of experience offering competitive executions, discounted commissions, and high-level customer support for stock traders. The MBTX routing system is designed to save its clients money with price improvement and complex order routing algorithms that execute against ECNs, market makers, and exchanges.
Forex
MB Trading offers something unique in the forex marketplace. They took the power of our MBTX routing technology and connected it to banks and pools of liquidity to create a true non-dealing desk platform. Traders have the ability to route orders via fifteen order types to qualified destinations through their STP (Straight Through Processing) platform – traders can “skip the middle man” and save money.
Futures
MB Trading offers futures traders fast order routing, a multitude of exchanges, and competitive commissions that are all inclusive and have no minimum contract size. They offer: Metals, agriculturals, global indices, bonds, and currencies. They have direct order routing to the CME, NYMEX, CBOT, and COMEX,
The managed account tool offers money managers a fast way to enter trades for multiple accounts proportionately with no limit. Commissions start at $1.50 per contract with all exchange fees built-in.
Options
MB Trading combines optimal costs and ideal speed in the options market by routing to multiple options exchanges to get you the best execution possible in the derivative market.
They offer twelve complex options strategies with one click so you don’t have to enter multiple legs manually. Their fee for options trades is $0.95 per contract traded, no minimums.
Fees & Commissions
MB Trading offers excellent pricing for volume or frequent traders. Compared to other brokers, MB Trading offers low prices, at only $4.95 for market and limit trades. They have two commission plans.
MBTR – Flat Rate
This Plan offers flat fee, unlimited (up to 10,000 shares) trading with market and limit stock orders for the single rate of $4.95. There are additional fees for orders over 10,000 shares, any order types other than market and limit orders, and orders placed during extended trading hours.
MBTX – Per Share
The MBTX Plan is slightly more expensive than the MBTR Plan, but generally offers access to more liquidity and more order types. The cost is $0.0075 per share with a $4.95 minimum per trade.
Futures trading is offered at 95 cents per trade plus exchange fees and options at 95 cents per contract with no minimum. Just be aware that they do not offer broker assisted trades, you are on your own using this service. You can place orders online or through the web-based software or through their downloadable software interface.
The Final Verdict
If you are looking for a low-cost broker, MB Trading may be a good fit for you. They offer $4.95 market and limit trades and 95 cent per contract for Futures and Options. This is an outstanding online trading service for frequent and experienced traders; they offer a variety of commission options.
We really liked their MBT Navigator platform which works with Blackberry. This cell phone app can help you place trades, check account balances and watch stock prices from anywhere you have cell coverage.
MB Trading’s platform and service make it unique in many respects for the professional forex trader.
With their recent change that allows as low as $400 account deposit and 100:1 leverage, MB Trading has given more flexibility and more accessibility to smaller account traders.
There were no major red flags that popped up during this review process. Overall this ECN broker seems to offer good services and trading features with their trading platform, and excellent customer service.
As usual, we recommend you try the free account demo first, to see if you like trading on their platform.
Click here to open a Demo Account with MB Trading >>
About the author: DayTradeListings.com
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