MB Trading Forex Review
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Likes
Commission based trading keeps spreads tight and costs down; customers receive rebates for trading with limit orders; all trades executed in ECN environment. Exceptional focus on programmatic trading.
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Dislikes
Because of their wide ranging brokerage services (stocks, options, commodities, forex), MB Trading's education and tools aren't organized well and are difficult to navigate.
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Bottom Line
MB Trading has the lowest trade costs in the US industry and opening account is both easy and doesn’t require very much capital making them attractive to high net worth and curious beginner traders alike. Although for a purely fundamental trader MB Trading lacks the resources and education other brokers provide.
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Ideal Client
Frequent traders, automated traders, and anyone looking to maximize their gains by keeping costs as low as possible.
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2013 Review Star Ratings
N/A - Not Applicable
MB Trading Forex Review
MB Trading is a financial service provider offering stock, options, commodities, and foreign exchange trading services. Because of MB Trading's diverse product offerings, their clearing methods and brokerage related technologies are extremely developed. They are one of the most cost efficient brokers in the industry and take pride in their transparency and customer support.
Compare MB Trading to Key Competitors
Trade Commissions Breakdown
| $5.00 | Forex Trades* |
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| ECN | Clearing Method* |
| $0.00 | Broker Assisted* |
| $400.00 | Minimum Deposit |
| Micro | Minimum Contract Size |
| 50:1 | Maximum U.S. Leverage |
| 50:1 | Maximum Int'l Leverage |
Typical Spreads
| 0.7 | EURUSD |
|---|---|
| 1.6 | GBPUSD |
| 1.0 | USDJPY |
| 1.3 | USDCHF |
| 1.7 | AUDUSD |
Commission Notes
By default, MB Trading accounts are set up to charge a small commission, allowing them to keep their spreads tight and overall trade cost down. However they now offer a commission free acount with slightly wider spreads for traders looking for added simplicity and convience.Spreads - MB Trading has some of the tightest spreads in the industry. Because their compensation model is centered around a commission, MB's spreads are allowed to fluctuate and reflect the true nature of the forex market. MB Trading's commission is equal to $2.95 per 100K USD traded (each direction of trade). This commission structure is one of the most cost effective trading options within the industry.
To make their pricing even more competitive MB Trading instituted new account pricing schemes to provide traders with better options to fit their style of trading. With their commission account they will now pay their traders for every limit order filled (as opposed to a market order). For their commission-free account MB Trading is offering clients a simple and way to trade for traders that prefer using market orders. See our announcment on the new account type.
Micro Lot Trading - MB Trading offers micro lot trading on all of its platforms.
MB Trading was reviewed by StockBrokers.com on 2012-11-29 with an overall rating of 5 Stars.
2011 Awards
2011 Review Results - MB Trading was awarded #1 Overall with a 5 star rating and Best for Trade Costs, Customer Support, and Investment Offerings . Read the 2011 Forex Broker Review.
Account Features
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Virtual Trading |
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| No Minimum Deposit | |
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No Maintenance Fees |
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No Dealing Desk |
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Online Trader Community |
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Investment Education |
Mobile Trading
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iPhone App |
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iPad App |
| BlackBerry App | |
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Android App |
| Mobile Site |
Customer Service
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Phone Support |
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Email Support |
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Live Chat Support |
| 24/7 Customer Support |
Trade Types
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Stock Trading |
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Options Trading |
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FOREX Trading |
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Futures Trading |
Our staff is working to get platform screenshots soon! Thanks for your patience.
