Residence, Regulation, and Company Management Structure

MB Trading is a member of NASD/SIPC. It is an affiliated introducing firm for MB Trading Futures, Inc. (MBTF). MBTF is a registered FCM with the CFTC. It also is a member of the NFA. MBTF provides retail off-exchange foreign currency execution services through MB Trading.

Based in El Segundo, California, MB Trading was founded in 1999 by Ross Ditlove and institutional broker Steve Demarest.

Company's Market Position

MB Trading is a direct access brokerage firm, oriented to the maintenance of online investors. No liquidity suppliers are mantioned.

MB Trading offers universal account with 100:1 margin that can be opened with only $400. You can place orders of any size, as low as 1 lot (1 lot = $10,000).

In addition to personal, the company offers joint, corporate, LLC, partnership and trust accounts. MBTF is insured with a Fidelity Bond 14 from and member company of American International Group, Inc (AIG), the Bond offers the protection up to $1,000,000 per occurrence.

Types of Services Offered

The company trades in 27 currency pair. Except for currencies, MBTF trades directly to NASDAQ, NYSE and AMEX markets, but exchange trading accounts can't be compared with Forex ones.

Single financial leverage 100:1 is used for all currency pairs. The exact size of the required margin for each lot size is unknown. A minimum margin is 100% of required.

Sizes of spreads for different currency pairs are also unknown.

Apart from spreads, there is a commission of $5 for each $100000 trades. The transfer of positions the next day is executed on the rules of SWAP, rates are specified in the window of trading platform, there is an example of calculation of daily bonus on a site only.

There is a detailed description of all banking fees on the site. An individual trading account can be opened only online, other types of accounts are designed documentarily.

You can deposit money to your account with a bank order or by check.

Traders Support

Support of traders within the limits of Forex-desk is taken to short FAQ and demo-accounts. Specially for Forex fundamentally-analytical support absents, general analytics is offered on a main site of MBTF from the other companies, requiring payment subscription. For interactive support of clients traditional telephones and e-mail are utillized. A site does not support foreign languages.

The Trading Platform

Executable trading platform of «MBT Navigator» is the only Order Management System that integrates into eSignal, QCharts, DTN.iQ and Cron SW Pro. Clients can place orders, view account information and watch quotes and charts on one screen at the same time. It is possible to use different analytical programms for a graphic analysis.

Site Design and Ease of Navigation Comments

The site, especially its Forex part, is done on the principle of minimalism. The structure of site is extremely simple. There were no problems with navigation.

Conclusion

It is hard to say no particular information about advantages and disadvantages of the company.
Information about the company is written a bit too complicated manner. At first the structure of the company doesn't seem to sound any sense, it is hard to understand who represents whom, what firm is head and which is a branch. It's not clear whether provider of Forex services has a registration in CFTC or not.

Morevoer, claiming to be a broker on NASDAQ, NYSE and AMEX, and, actually, just a solid company, MB Trading doesn't name any partners – liquidity suppliers at Forex market. The company doesn't have it's own analytical support team either, which is also very surprising.

It is necessary to mention that a single trading account is a dignity of the company. Insurance of client deposits is also an important advantage, but there is a question even here. This question is whether the insurance spreads on forex accounts or not.

It is also impossible to calculate an expense of a trade, because sizes of spreads are not exact.