MB Trading

Average Ratings
Rating
Information
Broker MB Trading
Company MB Trading Futures Inc.
Manhattan Beach Trading Financial Services Inc.
Year since 1999
Headquarters United States
Regulation NFA (ID # 0315389), CFTC, FINRA, SIPC, FCA(UK) (#528328).
Model ECN
US Clients yes
Min Deposit($) 400
ECN Account Min Deposit($) 400
ECN Commission($)/rtl(Round Turn Lot) $5.90 or $0 (EXN plan)
Offer Fixed Spread no
Offer Variable Spread yes
EURUSD Lowest spreads (pips) 0.1
Account Currency USD, EUR
Max Leverage 50
Minimal Lot 0.01
Deposit Method Bank Wire, Cheque, Debit Card, ACH
Withdrawal method Bank Wire, Cheque, Debit Card, ACH
Scalping yes
Hedging no
All EAs Allowed yes
Currency Pairs 31 (5 )
Gold yes
Gold Spread(100oz)
Silver yes
Silver Spread(5000oz)
Oil
CFDs no
Other Instruments Stocks, Indices, Futures, Options, Commodities, Bonds
MAM/PAMM Accounts MAM
Managed Accounts yes
Swap-free accounts no
Segregated Accounts yes
Interest on Margin no
Bonuses & Rewards yes
Trading contests no
Trading platform MT4 (ECN), MBT Navigator, NinjaTrader, cTrader
Platform Execution
Platform Time Zone EST (GMT-5)
Trailing stops yes
OCO orders yes
One-click execution no
Trade with mobilephone yes
Trade in browser yes
API yes

Company: MB Trading Futures Inc. Manhattan Beach Trading Financial Services Inc.

Ally Invest Now Owns MB Trading

Futures Accounts have migrated to WEDBUSH Futures
If you were an MB Trading Futures/Ally Invest Futures customer, your account is now serviced by Wedbush Futures.
Please contact Wedbush Futures for customer support and account access at allyaccounts@wedbush.com or 877.434.2265 between the hours of 10:00am and 6:00pm EST.

 

 

MB Trading2.251

Leave a Reply

Click stars below to rate.
Rating

4 thoughts on “MB Trading

  1. love spells says:

    Hello,I check your blogs named “MB Trading Reviews, MB Trading Forex – FX-C.com” regularly.Your story-telling style is awesome, keep it up! And you can look our website about love spells.

    Did you find this review helpful? Yes   No

  2. Theoderich says:

    high spreads and too much quotes filtering.

    Did you find this review helpful? Yes   No

  3. shola says:

    no problems with execution so far

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  4. CFTC FINE $200000 (05/14/2013) says:
    Rating

    Narrative for 0315389 – MB TRADING FUTURES INC
    May 14, 2013
    CFTC Orders MB Trading Futures Inc., a Registered Retail Foreign Exchange Dealer, to Pay $200,000 Penalty to Settle Charges of Violating Minimal Financial Requirement Rules

    Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against MB Trading Futures Inc. (MB Trading), a registered Retail Foreign Exchange Dealer (RFED) of El Segundo, California, for failing to comply with minimum financial requirements for registered RFEDs and Futures Commission Merchants (FCMs) that offer or engage in retail off-exchange foreign currency (forex) transactions. MB Trading has been registered with the CFTC as an FCM since February 28, 2006 and as an RFED since September 9, 2010.

    Effective October 18, 2010, the CFTC adopted comprehensive new rules to protect individual investors that buy forex contracts from, or sell forex contracts to, forex firms. Under these rules, RFEDs and FCMs that offer or engage in retail forex transactions must at all times maintain adjusted net capital of $20 million, or more in some circumstances, and hold enough assets to meet or exceed their total retail forex obligations to customers. The new rules impose several restrictions on the types of funds that firms can include in their adjusted net capital and asset computations.

    According to the CFTC Order, for more than 16 months after adoption of the new rules, between October 18, 2010 and March 1, 2012, MB Trading improperly included certain funds held in four accounts in its adjusted net capital computations. After excluding those funds as required, the Order finds that MB Trading failed to meet its adjusted net capital requirements for 456 calendar days between October 18, 2010 and March 1, 2012.

    During the same period, MB Trading also improperly included certain funds held in two of the same accounts, along with funds held in a third account, in its asset computations, according to the Order. After excluding those funds as required, the Order finds that MB Trading failed to hold enough assets to meet or exceed its total retail forex obligation to customers for 501 calendar days between October 18, 2010 and March 1, 2012.

    Had these funds properly qualified under the regulations, MB Trading would have complied with its adjusted net capital and asset requirements, according to the Order.

    The CFTC Order imposes a $200,000 civil monetary penalty and a cease and desist order on MB Trading for these violations. The Order notes that in settling this matter, the CFTC took into account MB Trading’s cooperation and the corrective action it undertook after its deficiencies were discovered.

    The CFTC appreciates the assistance of the National Futures Association.

    CFTC Division of Enforcement staff responsible for this action are Stephanie Reinhart, Melissa Glasbrenner, William Janulis, Scott Williamson, Rosemary Hollinger, and Richard Wagner. Tom Bloom, Kurt Harms, Justin Beebe, and Lauren Fulks of the CFTC’s Division of Swap Dealer and Intermediary Oversight also assisted in this matter.

    Last Updated: May 14, 2013
    http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0315389&case=13-23&contrib=CFTC

    Did you find this review helpful? Yes   No

    Feedback: 3 positive