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MB Trading Review

MB Trading rating: 8 votes, average: 3.25 out of 58 votes, average: 3.25 out of 58 votes, average: 3.25 out of 58 votes, average: 3.25 out of 58 votes, average: 3.25 out of 5 (8 votes, average: 3.25 out of 5, rated)
Write your own review of MB Trading

mb_tradingMB 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.

Company’s Market Position

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.

Types of Services offered

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.

Trading Platform

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.

Trader Support

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.

Site design and ease of navigation

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.

Advantages

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.

Disadvantages

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.

Write your own review of MB Trading

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8 Comments»

Comment by top forex review
2009-03-08 08:22:39

hi..
thanks for your info, i used Forex Auto Pilot System, it’s the best to me,what you think?

top forex review did not rate this post.
 
Comment by pinaki smith
2009-08-23 11:43:01

These are one of the few solid guys in forex trading, dealing with Nasdaq,Nyse and so on, and supposedly do all that using their proprietary routing technology. Never really understood what all that means, but yes trading wise they do create a good environment. I saw they had FCM and NFA approval and that was enough.

These guys make money not on spreads but on commissions, and that is half a dollar per 10,000 traded. Depends on which currency pair, and you have four different commission structures. MBT Navigator their platform is super once you download and install. Besides you are assured of a no deal desk environment. But without IE7 Navigator doesn’t work.

Support is adequate, with skype, email and one in one chat. If you ask me what’s good about the MBT, I would say it is the opportunity the platform gives you in getting trained in forex trading. There are good learning resources at the platform, and that is the big plus.

pinaki smith ratings for this post: pinaki smith gives a rating of 3pinaki smith gives a rating of 3pinaki smith gives a rating of 3pinaki smith gives a rating of 3pinaki smith gives a rating of 3
 
Comment by susie
2009-08-25 12:28:20

A newbie trader would sure find the MB site difficult to navigate.

susie ratings for this post: susie gives a rating of 2susie gives a rating of 2susie gives a rating of 2susie gives a rating of 2susie gives a rating of 2
 
Comment by Tom M. Subscribed to comments via email
2009-10-02 06:41:47

Great write up – I recently opened an account with MB Trading have been very happy so far. Their execution is better than any broker, and I agree with the comment above about their support. It is very easy to reach them and get responses to questions.

Tom M. did not rate this post.
 
Comment by Steve M
2009-10-02 07:26:22

Now they have MetaTrader 4 connected to their execution and it works great. This is the only company to deal with in the US for FX. Simply the best. The website is clean and easy to navigate with a whole section on FOREX to filter out the other stuff that they trade. I saw the review point out that you needed at least IE 7, but IE 6 was a nightmare…anyone not on 7 or 8 or Firefox (or even Chrome) is asking for trouble in general. Anyway, if you want to see what Forex trading can be…use this broker.

Steve M did not rate this post.
 
Comment by Steve M
2009-10-02 07:27:07

My bad, I didn’t see the star system on my last post. 5 stars.

Steve M did not rate this post.
 
Comment by JOEY
2009-10-05 18:40:09

Just opened my MT4 account with MB in September – so far so great.

JOEY ratings for this post: JOEY gives a rating of 5JOEY gives a rating of 5JOEY gives a rating of 5JOEY gives a rating of 5JOEY gives a rating of 5
 
Comment by Kenny
2010-02-25 04:20:43

MB Trading is my broker of preference. They don’t mess with your orders at all; fills are fast; they could care less if you scalp or hold overnight. As a bonus, the MBT University is terrific for teaching you about the platform and much more.

Kenny ratings for this post: Kenny gives a rating of 5Kenny gives a rating of 5Kenny gives a rating of 5Kenny gives a rating of 5Kenny gives a rating of 5
 
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