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Ratings

Overall Star Star Star Star Star
Commissions & Fees Star Star Star Star Star
Customer Service Star Star Star Star Star
Tools & Research Star Star Star Star
Ease of Use Star Star Star
Investment Offering Star Star Star Star Star
Education Star Star Star
Mobile Trading Star Star Star

Trade Commissions

Forex Trades* $5.90
Clearing Method* ECN
Broker Assisted* $0.00
Min. Deposit $400.00
Min. Contract Size Micro
Max. U.S. Leverage 50:1
Max. Int'l Leverage 50:1
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Typical Spreads

  • EURUSD0.7
  • GBPUSD1.6
  • USDJPY1.0
  • USDCHF1.3
  • AUDUSD1.7

Highlights

  1. MB Trading earned Top Broker Rating by Barrons; 4.5 out of 5 stars
  2. One of the only true ECN brokerages in the industry paying 1.95 per 100k for customer limit orders
  3. Level II quotes and Depth of Market available in Navigator platform

Account Features

  • Virtual Trading
  • No Minimum Deposit
  • No Maintenance Fees
  • No Dealing Desk
  • Online Trader Community
  • Investment Education

Mobile Trading

  • iPhone App
  • iPad App
  • BlackBerry App
  • Android App
  • Mobile Site

Customer Service

  • Phone Support
  • Email Support
  • Live Chat Support
  • 24/7 Customer Support

Trade Types

  • Stock Trading
  • FOREX Trading
  • Futures Trading

MB Trading Forex Review

Forex Broker Review

 

Special Offer: Get Paid 1.95 per 100k for your Limit Orders - Learn More

Likes - Commission based trading keeps spreads tight and costs down; customers receive rebates for trading with limit orders; all trades executed in ECN environment.

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.

Bottom Line - While MB Trading's transaction costs are the lowest in the industry, their forex specific research and tools are lacking compared to other competitors.

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.

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 2011-06-01 with an overall rating of 5 Stars.

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