MB Trading Reviews And Information
MB Trading Commissions
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Market:
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$4.95-$9.95
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Limit:
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$4.95-$9.95
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Options:
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$1.00 per contract
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Rate this Broker
MB Trading
was launched in 1999. Their stated focus is on faster, higher quality executions, low fees, and better support.
MB Trading Services
MB Trading is one of the few direct-access traders among discount brokerages, meaning that they trade directly on the NASDAQ, NYSE, and AMEX markets, rather than through third-party firms. The result is some of the fastest executions available.
Further, MB Trading has lived up to its goal of providing quality customer support. Their support staff consistently rank highly among traders for quality and effectiveness.
MB Trading provides a free software platform to its traders, called "MB Navigator." It offers a number of customization options, including the ability to control order routing, and to turn off order confirmation for faster executions. Further, market data, order placement, and execution reports may be configured to all appear on the same screen, so that a trader can keep his eyes on the markets at all times.
Level I quotes are free for all traders, and active traders wit accounts over $25,000 can receive free level II quotes as well. Others traders can get level II quotes at cost of $10 per month.
MB Trading provides access to a wide variety of 3rd party trading tools, including mechanical trading systems, basket trading, and advanced order triggers such as trailing stops, conditional orders, time triggers, and more. After hours trading is available. They also provide comprehensive tax accounting statements, and banking services through a clearing firm.
MB Trading Reviews in the Media
MB trading has achieved top ratings for its trade executions and customer service, as well as its low costs and sophisticated trading platform.
Downsides to Consider
MB Trading is not for everyone. It is geared toward more technically sophisticated investors who trade actively. Its fundamental research tools are thus a bit thin, as it focuses more on the intra-day data that day traders require.
Bottom Line
It's no coincidence that "Trading" is part of the name of this brokerage. MB Trading is focused on online day trading and other active trading strategies. Trading is our top choice for technically savvy investors interested in day trading penny stocks or other issues.
For self-directed traders who are not into day trading,
Zecco.com or
TradeKing.com
will likely be a better choice, as their costs are lower, and their research resources are more geared toward fundamentals.
User Rating
Latest User Review for MB Trading
Notable Features
Low fees, sophisticated platform, tax accounting tools
Investments Available
Stock trading, bonds, mutual funds, options trading
Alternate Spellings
MBTrading
,
MBTrading.com
,
MBTrade
Based on 1 vote.
Being one of the few direct-access traders among brokers gives MB Trading a definite advantage. The other plus is they provide their traders free software platform called MB Navigator that includes a number of customization features. One drawback though, it takes longer than a few minutes to download, but it does work.
MB Trading provides access to a wide variety of 3rd party trading tools including after hours trading. They also provide comprehensive tax accounting statements, and banking services through a clearing firm.
It's no coincidence that "Trading" is part of the name of this brokerage.