MB Trading Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this MB Trading Review.
MB Trading Review
Headquarters: 1926 East Maple Avenue, El Segundo, CA 90245
Country: United States
Regulated by: CFTC, NFA
MB Trading Account Details
minimum deposit: $400
minimum lott size: 10k
max leverage: 1:50
New FREE ECN Pricing:
No pay for limit orders – this is only available via our Pay for Limits plan.
Variable spread, from 0.1 pip
Commission: 5 per 100,000 currency units, roundtrip (classic account only)
Get Paid For Limit Orders: customers receive 2 per 100,000 base currency (classic account only)
Bank Wire, Check
Custom trading platform, Metatrader
Free Forex VPS
10 lots minimum monthly traded volume required
What we think about MB Trading
MB Trading is a U.S. based broker that offers quite lucrative trading conditions: tight spreads, true ECN execution and low commissions.
Traders can choose between two account plans – FREE EXN or Pay for Limits. The first one charges no commissions, however spreads are a bit wider, while the Pay for Limits comes with tighter spreads, small order routing fees and the possibility to get paid for broadcasting trading signals.
The current legislative framework in the USA imposes quite a few restrictions on brokers registered with the CFTC and the NFA and this may affect your trading. The maximum leverage is set at 1:50, hedging is forbidden, and scalping is allowed but not encouraged.
Platform-wise, there’s quite the choice available. You can opt in for Metatrader 4 (MT4) but you can also go for MB Trading’s custom platform MBT, which comes in the following versions: Desktop, Desktop Pro, Web, Mac, Web, WebLite and LightWave; oh, and we almost forgot MBT Mobile that is available for Android and iOS phones and tablets. If you are worried about figuring out the platform, you can simply check out the video user manuals.
Developers are not overlooked either – for them there are MT4, and Tier-1 and Tier-2 Black Box VPS plans available either for a fee, or free of charge if certain conditions are met. With MBT SDK traders can create custom applications that access the order entry, account, and position management functionality of the MBT Desktop platform. There’s also the MBT Quote API.
Beginner traders can benefit from MBT World – a trading community where registered MB Trading customers can interact with each other and take advantage of the broker’s educational resources.
Instead of the broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
MB Trading Review Conclusion
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