MB Trading Review
MB Trading Futures Inc. has been in operation MB Trading Futures Inc. as since 1999. It is based in California, USA and is one of the few ECN (Electronic Communications Network) brokers out there that offer trading in Forex, stocks, commodities, and futures on multiple platforms for both web and desktop traders. It is regulated by the NFA in the U.S.
Being U.S. based, MB Trading allows U.S. residents to open trading accounts.
MB Trading TradeKing Home Page
As of Friday, October 23rd, Forex trading at MB Trading will no longer directly support Forex trading and all Forex trades will be diverted to Tradeking.com, which is run through Gain Capital Group. As a result, MB Trading Desktop Pro clients will be migrated to the TradeKing ForexTrader platform and MetaTrader 4 account balances will be moved to a new TradeKing Forex MetaTrader 4 server.
All migrated MB Trading Desktop Pro account holders are eligible to familiarize themselves to the new platforms by opening a practice account with TradeKing. $50,000 in virtual funds is provided for trading in this account and traders can trade over 50 currency pairs including gold and silver in real time.
A full explanation of the ramifications of the migration can be found in the FAQ section of the TraderKing website.
There is one standard account at MB Trading with a minimum deposit requirement of $200 and leverage of 1:100. Scalping is allowed in this account as is automated trading. The minimum position size is 0.1 lots and the spread is fixed at 0.9 pips for EUR/USD.
The standard account can be set up as different legal entities such as Individual, Corporate, Joint Tenants in Common, Joint Tenants with Rights of Survivorship, IRAs, Custodial and more.
There is a demo account provided for traders just starting out in Forex trading.
MB Trading TradeKing
MB Trading serves all investor types and a wide choice of different platforms is available including its own proprietary platforms, mobile platforms and the MetaTrader4 platform.
In fact, MB Trading is one of the few Forex brokers that provide a single platform under one account to handle multiple investment products, including in-depth charting, live market alerts, and access to a trading community.
The mobile app is packed with the same tools as the full version. Order entry is intuitive and easy and their streaming quotes and integrated charts are particularly helpful for getting the most up-to-date information right before sending an order on the move
MB Trading also offers the NinjaTrader platform, a trading platform that provides trader with the tools to analyze the markets and trading ideas in a flexible, customizable and user-friendly manner using its Advanced Trade Management (ATM) system.
Charting via NinjaTrader provides traders with powerful market visualization, multi-time frame and multi-instrument analysis and over 100 pre-built customizable indicators plus 100s of optional 3rd party indictors.
MB Trading offers spreads are some of the tightest ones offered in the FX marketplace. The commissions are also some of the lowest in the FX markets.
MB Trading offers different pricing plans for volume or frequent traders on stocks, options and futures trading. The MB Trading EXN Limits Plan is designed for active traders whose strategies include using a lot of Limit orders to enter and exit the market.
The MB Trading EXN Spread Plan allows Forex traders to trade with all costs built into the spread. Traders can still use our EXN technology to post Limit orders directly into the quote and get hit by other traders on the EXN Spread Plan at no additional charge.
Education is strong at MB Trading. It basically uses a list of trading partners to provide some good learning materials. It also offers several of its own tutorials on general trading and market education to gear up their clients' knowledge as many other brokers do.
Deposits can be made using an ACH account with a limit of $10,000.00 per account every 30 day period. Bank wire transfers and checks are also acceptable but not credit or debit card payments.
Withdrawals are made via wire and ACH transfers and checks.
MB Trading has plenty of customer service agents and can be reached by phone and email, as well as live chat on their website. The customer service department even has a Skype option for those that use the VOIP service, making reaching an agent easy.
Representatives offer support in various languages including Chinese, English and Spanish. The help desk is available 24hrs a day via telephone or email, and the online chat service is available from 8:30am –6pm EST Mon-Friday. They are very responsive and knowledgeable.
MB Trading excels at providing a trading platform for different types of trading styles while keeping costs down and support high. But because their focus is on product and costs, there is room for improvement in their educational resources and tools. Also missing are bonuses or promotions.Back to Top