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MB Trading

By on November 1, 2012
Editor’s Rating
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MB Trading Logo

 

MB Trading is a top online Broker based in USA. They offer investments in stocks, options, mutual funds, forex, futures, bonds and ETF’s.

In this MB Trading review, I'll cover what MB Trading has to offer, who they're right for, and give you guys some links to the latest MB Trading promotions. If you've used MB Trading before, please add your own rating and review below.


MB Trading – The Basics:

Investments:

Stocks, options, mutual funds, forex, futures, bonds and ETF’s

Commissions:

Stocks and ETF’s cost $4.95 per trade during regular market hours for limit trades. Otherwise, an additional fee of $0.0075 per share is charged. International stocks have a minimum of $4.95 with an additional fee of $0.01 per share. Options do not have any minimum and cost $0.95 per contract. $12.95 is charged for no load mutual funds. Bonds also cost $12.95 each. Futures cost $0.95 per contract. A fee of $2.95 is charged for every $100,000 traded.

Investor Education:

Webinars and wikis.

Mobile apps:

iPhone, iPad and Android (MBT apps enable you to access free streaming quotes and charts in addition to allowing you to keep an eye on your portfolio, account balances and trade positions, however MetaTrader accounts cannot be accessed via apps currently.

MB Trading is home to an active online community of traders, and a wide range of independent third party research resources are made available to the investors. Customer service officials can be easily reached via phone, email and live chat.

An initial deposit of $1000 is required to open up a cash account, $2000 for margin accounts, $400 for forex accounts and $500 for IRA accounts. Apply for an account now.


Pros & Cons Of MB Trading:

Pros

Cons

  • Competitive commission rates
  • Excellent platforms and trading tools
  • Strong mobile platforms
  • Excellent customer service
  • No ECN or exchange fees
  • No hidden fees of any kind
  • No account maintenance or account inactivity fees
  • Unique tools offered
  • No base fee for options trading
  • Multiple platforms to serve all investor experience levels
  • Website feels outdated
  • Limited investor education
  • A fee of $10 charged for options accounts if at least 10 options contracts are not traded per month
  • A fee of $0.001 per share to exercise options contracts
  • High margin rates
  • 24/7 customer service desk not available
  • $30 annual fee for IRA accounts
  • Additional fee of $0.005 per share for after-hours trading

How Others Rated MB Trading In 2012:

Barron's: 4.5 stars

         Highest rated category: Mobile Trading

         Lowest rated category: Costs

Smart Money: N/A (Not rated)

         Highest rated category: N/A

         Lowest rated category: N/A


Word On The Street Is…

MB Trading provides solid mobile apps, but they lack in educational resources. They offer excellent customer service and overall great trading platforms. The charting facility, especially on the mobile apps is excellent, taking into account over 60 technical indicators and real time analysis.

Overall takeaway: MB Trading is an excellent choice for experienced traders who do not need much investor education.


MB Trading Promotion Code:


Hit the link below to claim the latest MB Trading promotion. Click below to claim promotion code No current promos 🙁 Click here to apply for an account

Where To Open An MB Trading Account:

Open A Personal/Joint/Custodial/Business Account With MB Trading: Apply Here

Open An IRA Account With MB Trading: Apply Here

Open A Forex Trading Account With MB Trading: Apply Here


P.S. Don't forget, if you've used MB Trading before, please help us by adding your rating and review below!

 
References:

About Peter Voga

Self-confessed coffee addict. Family man. Rage Against The Machine fan. Lover (and sometimes hater) of the stock market. Founder of BrokerChats. For more, follow me @petervoga or check me out on Facebook or Google+.

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