MBTrading mb tarding review

MBTrading review 2010


MB Trading review 2010: excellent trading platform but expensive to trade after-hours

MB Trading Commissions and Investments Offered (2010)

  • Stocks and ETFs: $4.95 for limit and market regular hours orders for up to 10,000 shares
  • OR $0.0075 per share with a $4.95 minimum per trade
  • Options: $0.95 per contract, per side, and no minimum ticket charge
  • Mutual funds: $12.95 flat rate for no-load funds
  • Bonds: $12.95 flat rate
  • Futures: $0.95 per contract
  • Pink Sheets & OTC BB: $8.95 per trade, no limit to number of shares
  • Forex: $2.95 per $100,000 traded
  • Investment products: stocks, options, mutual funds, Forex, futures, bonds, ETFs
  • Minimum to open account: $1,000

MB Trading offers following accounts: individual, joint, entity accounts, cash and margin accounts, and IRAs.


MBTrading.com Trading Tools Review

MBTrading review
MBTrading review

MBTrading.com trading software, called MBT Navigator, is a stand-alone (non-browser based) application - clients have to download and install it. Because it's not browser-based, it offers much richer features than most other trading platforms and many bells and whistles you would expect from professional trading software. Barron's has consistently ranked MB Trading at or near the top for trading technology.


MB Trading Account Pros/Advantages

  • Good, flat-rate commissions for market and limit orders (regular hours only and below 10,000 shares)
  • Social networking
  • Excellent trading tools
  • No inactivity fees


MB Trading Account Cons/Disadvantages

  • Surcharge of $0.005 per share for extended hours, AND shares over the 10,000, AND orders executed using the Reserve, Discretionary, or Pegged (Coming Soon) order types
  • $30 annual fee for IRAs
  • There is a $0.01 per share fee to exercise options contracts
  • $2,000 minimum to open cash account, $5,000 for margin account


MB Trading Review Summary

MB Trading is targeting professional, active traders with low commissions and powerful, versatile trading software. There is a learning curve to master it and, together with few educational materials, it makes MB Trading not an ideal choice for a brokerage for new investors.

Because of annual IRA fee we can't recommend MB Trading for a Brokerage IRA Account.

MB Trading doesn't have penny stock fee, however it charges $0.005 per share for extended hours trading. This could be a deal-breaker for many people and most online brokerage firms don't charge this fee. Many active traders will be disappointed to see a surcharge on shares over 10,000.

MB Trading also offers MBT LightWave Trading Platform™, which is a comprehensive trading platform that allows users to view, analyze and execute trades in the same program. MBT LightWave manages user's FOREX, stock, futures and options trades from one central location, providing with proprietary Pressure Charts that have been used by over 160,000 people in their trading, as well as Price Charts for more advanced trade analysis.


MB Trading Promotional Code: get MBT LightWave for FREE for 30 days


Lightwave 30-Day Trial


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