Forex Brokers

MB Trading Allows You to Trade Forex, Options, Stocks and Futures

MB Trading is one of the leading online brokers that was founded in 1999 which means that it has more than 14 years’ experience. It is located in California and that is why it accepts the residents of the United States. MB Trading is used to refer to MBTFX which is MB Trading FX and it also refers to MBTFS which is Manhattan Beach Trading Financial Services. It presents its financial trading services for customers in many countries to trade different financial instruments and not only one type. You can trade Forex, options, stocks and futures. The company uses Electronic Xrossing Network (EXN) trading technology which helps the customers to reduce the costs of their trading.

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♦ Platforms

You can find multiple platforms that allow you to use the trading strategy that you prefer whatever it is and to choose what suits your level of experience. There is MBT Desktop Pro, MetaTrader4, MBT Mobile, MBT Web, MBT Mac, MBT Web Quick Trade, MBT LightWave and MBT Desktop.

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♦ Accounts

MB Trading offers too many accounts for its customers such as Individual accounts, Joint accounts that include Joint Tenants in Common and Joint Tenants with Rights of Survivorship, Trust accounts, Corporation or LLC accounts, Limited or General Partnership accounts, Sole Proprietorship accounts, Foreign Classification accounts, Custodial accounts and Individual Retirements Accounts which include Traditional IRAs, Educational IRAs, Roth IRAs and SEP IRAs. These types of accounts are available for stocks, futures and options. For Forex accounts, you can choose from Individual accounts, Joint accounts, Corporate accounts, LLC accounts, Partnership accounts, Trust accounts, IRAs and Sole Proprietorship accounts.

You can easily trade stocks, options and futures from the same account without the need to open an account for each one. MB Trading offers its customers 50 to 1 margin leverage for all currency pairs. The minimum deposit that is required for starting trading and opening a new account is $200. It offers tight spreads starting from 0.1 pip for all currency pairs. You can deposit funds into your account in different methods such as Credit and Debit Card, Bank Wire, Paper Check and ACH Deposit.

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♦ Learning

MB Trading provides its customers with Google translation of its website which allows customers who do not master the English language to get the website translated in their native language for understanding what they read and learning what is presented. It also offers seminars, webinars and short video tutorials that are presented online to explain all what you need to know about MB Trading products.

♦ Fees & transparent pricing

It charges its customers low fees for the trades as you pay $0.15 per contract for options trades, $0.45 per contract for futures, $4.95 per trade for stocks with unlimited shares and for Forex you can choose from two pricing models; one of them is called free EXN plan which refers to Electronic Xrossing Network while the other plan or pricing model is to be paid for limits. Get paid for limits is not offered to the residents of China because of the high cost of business there and instead of getting this plan they get a fee of 2.50 for all order types. Forex and spot trading orders that take liquidity have a minimum fee of $0.01.

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♦ Reliability

MB Trading is registered by CFTC as a Retail Foreign Exchange Dealer (RFED). It is member of FINRA, SIPC and NFA. MB Trading was given a 4.5 out of 5 star rating in Barron’s 2010 & 2011 Review of Online Brokers. It was ranked by Barron’s in the Top Three among Online Brokers for 7 times starting from 2006. It earned the first place in separate categories such as “Best for Frequent Traders” and “Best for Options Traders”.

The client funds are protected with MB Trading through offering SIPC protection up to $500,000 per client for Securities accounts in case the company fails financially, Forex trading with non-deal desk, no swaps, no mortgage exposure, risk management systems which are automated and manually observed and auto risk controls. The customer securities are segregated from the securities of the company and are protected from general creditors and their claims.

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♦ Bonuses

When you open a new account with MB Trading, you will receive 100 commission-free stock and options trades. This special offer which is only presented to new customers is valid for just 12 months starting from the date of opening your account.

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♦ Customers support

MB Trading offers its users a 24-hour customer support that is available from Sunday to Friday. You can easily contact the support team to get answers for your questions or to get your problems handled through different support channels such as e-mail, phone, Fax, live chat and postal mail.

In addition to the previous traditional support channels, you can also get the needed support through other methods such as Skype via which you can get one-on-one support and you can also join its forums to communicate with other traders with MB Trading like you and it is a good chance for you to learn from their mistakes, make use of their trading experience, get answers for your questions and resolve the problems that you encounter.

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♦ Cons

It offers a low leverage and the payment options that are offered for funding accounts are not enough for some customers.

♦ Customer ratings

MB Trading is recommended by most of the customers who tried its services. In their opinion, it is an honest and authorized broker that provides them with fast withdrawals with the ability to withdraw their money at anytime they want, tight spreads, low commissions, fast execution, ECN, several accounts and platforms, tight spreads, reasonable minimum deposit and perfect customer support that is available through different channels.

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