Top Options
72/ 100
Regulated: Regulated by the NFA and CFTC
Min Deposit: $400
Min Trade Amount: 0.1 Lots
US Clients:
Bonus: No bonus available
Fees: $2.50 per Standard Lot
Free Demo Account:
Trading Platform: MBT Desktop, MBT Mobile, MT4, cTrader
Payment METHOD NAME Charge Time

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Full Review

About MB Trading

MB Trading is a brokerage that offers stock, futures and ECN forex services from its corporate headquarters in El Segundo, California in 1999. MB Trading is a composite company made up of MBTFS and MBTFX; the stocks and forex trading divisions of the company. It is a member of FINRA, SIPC. The forex and futures trading division (MB Trading Futures, Inc) of MB Trading is listed as a member of the National Futures Association (NFA) and the company is regulated by the Commodity Futures Trading Commission (CFTC).

 

Special Offers and Bonuses

In keeping with regulatory practices as required by the CFTC of brokers based in the United States, MB Trading does offer any bonuses or promotions.

 

Types of Trading Accounts

When it comes to the type of accounts traders can have on MB Trading, there is a unique nomenclature assigned to the accounts. The accounts are designated according to the “plans”, each with its own spreads and unique features.

 

a)    The EXN Limits Plan is a type of trading account designed for traders who tend to use more of Limit orders to enter and exit the market. This pricing model offers a quote feed with best pricing from liquidity providers, with spreads as low as 1/10th of a pip on all pairs. This plan attracts a competitive routing fee of $2.50 for every Standard lot of base currency for executing stop and market orders. This is a true non-dealing desk environment, and traders can use EAs created for the MT4 with this plan. Minimum trade size is 0.1 lots and minimum deposit requirement is $400.

b)    The EXN Spread Plan builds in all costs and commissions into the spread. Price quotes therefore feature a small markup from the pricing provided by liquidity providers. All other features of the EXN Limits Plan are incorporated into the Spread Plan.

Account types can also be classified according to type of ownership, in which case you can have Individual, Corporate, Partnership, Trust, IRA and Sole Proprietorship accounts.

 

Trading Platform Features

MB Trading offers the following platforms:

a)    MBT Desktop Pro: This is the downloadable trading platform with an advanced charting application, more than 100 indicators and a full back-testing system.

b)    MetaTrader 4: The MT4 integrates seamlessly with the Electronic Xrossing Network (EXN) Plans. It offers direct EXN connections and execution, NDD executions, tight EXN spreads and scalping abilities.

 

c)     MBT Mobile: This is the mobile software for iPhones, iPads, and Android devices. The software are available from the respective app stores.

d)    MBT Web: This is the web-based version of the MB Trading platform.

e)    The cTrader has recently been introduced. It features the ability to use the cAlgo plug-in for algorithm development.

 

Commissions and Spreads

The asset index available for trading on MB Trading is given below:

CURRENCY PAIR SPREADS
AUD/CAD As low as 0.1
AUD/CHF As low as 0.1
AUD/JPY As low as 0.1
AUD/NZD As low as 0.1
AUD/USD As low as 0.1
CAD/CHF As low as 0.1
CAD/JPY As low as 0.1
EUR/AUD As low as 0.1
EUR/CAD As low as 0.1
EUR/CHF As low as 0.1
EUR/GBP As low as 0.1
EUR/JPY As low as 0.1
EUR/NOK As low as 0.1
EUR/NZD As low as 0.1
EUR/SEK As low as 0.1
EUR/USD As low as 0.1
GBP/AUD As low as 0.1
GBP/CAD As low as 0.1
GBP/CHF As low as 0.1
GBP/JPY As low as 0.1
GBP/USD As low as 0.1
NZD/JPY As low as 0.1
NZD/USD As low as 0.1
USD/CAD As low as 0.1
USD/CHF As low as 0.1
USD/DKK As low as 0.1
USD/JPY As low as 0.1
USD/NOK As low as 0.1
USD/SEK As low as 0.1

 

Charting Packages

In addition to the charting packages that come in-built with the various platforms, there are advanced charting and analytics packages that traders with MB Trading can use. Some of these are as follows:

a)    Molanis software features a Strategy and a Technical Indicator Builder. These provide probably the most advanced graphic environment available today to create Expert Advisors and indicators for MT4.

b)    QuantShare: This product provides charting and backtesting tools as well as tools for Analysis, Optimization, Event-Based Trading, Automated Trading, Screens, Alerts, Composites, Ranking and Advanced Money Management.

 

Education and Demo Accounts

There are a number of educational tools that traders can access on MB Trading. You will need an active account with login details to access these resources.

 

Customer Service

MB Trading Customer Support can be contacted through the following means:

a)        Email/Contact Form

b)        Live Chat.

c)         Phone: Customer Service – 866.628.3001

Customer Service International – 310.647.4281

 

Deposit and Withdrawals

Traders on MB Trading can perform account deposits with:

a)    Credit/debit Cards: Only VISA, MasterCard and Discover are accepted, and this option is not allowed for corporations, Trusts, LLCs and Sole Proprietorships.

b)    Bank  wire transfers

c)     Paper Checks: These are subject to a 10-day holding period.

d)    ACH Deposit:

For withdrawals, all the methods except credit/debit cards are accepted. Usually, only US residents can use the paper check and ACH options.

 

Deposit Limits

The minimum deposit amount allowed on MB Trading for new accounts is $200 (with credit cards) and $400 with bank wires as stated earlier. Credit/debit card deposits attract a minimum deposit of $200, while for ACH deposits, the amount is pegged at $10,000 every 30 days. Maximum deposit limits apply to credit cards and this is pegged at $5,000.

Withdrawal Limits

There are no minimum or maximum withdrawal limits on MB Trading. However, the beneficiary name on withdrawal requests must match the account names on the ID documents, and all withdrawal requests are verified by phone prior to the processing and transfer of the fund.

 

Conclusion

MB Trading has recognized that there are several things that traders require in order to make their trading venture more successful, which is why software tools such as the technical strategy builder and the various charting tools have been added. Traders who want such extras will do well to open accounts with MB Trading.