MB Trading is a direct access broker. They offer cheap commissions with a variety of trading platforms (desktop, web, mobile, and MetaTrader 4). MB Trading also has a wide range of investment products (stocks, ETFs, options, futures, mutual funds, bonds, Forex, and pink sheets and OTC BB stocks) to choose from.
Commissions
Stocks and ETFs -$4.95 per trade (10,0000 share limit) or $0.0075 per share with a $4.95 minimum.
Options – $0.95 per contract no minimum.
Futures – $0.95 per contract plus exchange fees.
Mutual Funds – $12.95 per transaction.
Bonds – $12.95 per transaction.
Forex – $2.95 per $100,000 traded.
Pink Sheets and OTC BB – $8.95 per trade with no share limit.
Software
As for their trading platforms…well you do not get much. MB Trading Desktop is nice if you like looking at numbers but do not expect any charts unless you are trading Forex. The only charting software will get with MB Trading comes with the MetaTrader 4 platform used for Forex. If you need charts, QuoteTracker is free charting software that works well with MB Trading. Otherwise, you will have to get a paid charting program like eSignal. Although the MB Trading platform is free, some data feeds fees will apply. These fees are waived after a specified amount of trades. See data fees here.
Overall
The commissions are cheaper than discount brokers are but they lack in software. If you already have research tools for fundamental analysis and willing to use free or paid charting software for technical analysis then MB Trading might be worth a look.
Tags: BrokersStumble it!
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