MB Trading Futures Inc (MBTF) is top brokerage company that was founded in 1999 and is today headquartered in El Segundo, California, USA.
MB Trading is a CFTC registered FCM and member of the NFA. Apart from foreign exchange currency products it also offers execution and settlement services for futures based products.
MB Trading has a unique position in the forex marketplace. That is because it is more of a direct access brokerage company which develops and markets sophisticated direct access trading technology to online investors and institutions.
For example in the forex arena, MB Trading offers forex customers direct access to several qualified destinations of liquidity in forex markets without the burden of a deal desk. Similarly in the stocks and futures segment MB Trading bypasses the middleman completely and trades directly with NASDAQ, NYSE and so on. All this is done by using a proprietary order routing system known as MBTX routing technology.
MB Trading offers tight spreads with no markups or markdowns. Also the low commission rates are prominently displayed.
Although commission payable is usually at the rate of $0.5 per 10,000 traded for US Dollar based currency pairs, this varies between other different currency pairs. So you end up having four different types of commission calculations.
In any case, commissions are based on total dollar amounts of the executed order at a particular rate.
The flagship platform of MBTrading is the MBT Navigator which has to be downloaded and installed in your computer from the website. This platform displays very smart order routing technology.
Using this platform you can simultaneously place orders, view account information and watch quotes and charts on one screen at the same time.
That apart, using MBTX routing technology the platform is connected to banks and other places of forex liquidity to create a perfect non-dealing desk environment.
This platform gives the trader the ability to route orders via fifteen order types to qualified destinations.
MBTrading also offers a Meta Trader platform. To the user friendly front end trading interface of this platform, MBTrading has added the Electronic Communications Network or ECN feature that effectively handles the trade execution part. MBTrading has turned off the deal desk functionality of this platform.
So with an MBTrading Metatrader you can experience Meta Trader as it was supposed to be but devoid of desk interventions, fixed slippages, and stop and limit proximity limitations. As a client your doors are open to any available trade execution using the Metatrader.
The customer support offered is unique. MB Trading offers round the clock support throughout the trading week. This is done by telephone, email, one-in-one chat and through Skype. All your queries are answered immediately without any waiting on hold period. To further enhance its position in offering round-the clock customer support, the Company has of late launched the MBT University.
MB Trading site is well organized and visually attractive. “Forex” is only a part of the overall activities of MB Trading. But it is very easy to navigate through the forex part of MB Trading website. The site serves the purpose for which it has been designed.
The main advantage is that you get a non-deal desk environment with tight spreads and quotes.That apart the platform does not have proximity restrictions when placing entry or exit orders.
The forex educational help offered for clients is excellent.
Detailed contact numbers and also toll free numbers are prominently mentioned in the website.
Accessing the MB Trading website is itself a problem at times. You need to have Internet Explorer 7 installed to access the site.
You could also access the MB Trading website using Google’s Opera software. But therein too the website behaves in an unstable fashion.
Forex forms only a small part of the Company’s overall operations and to that extent it will be slightly inconvenient for a newbie forex trader.