MB Trading is a respected direct access brokerage firm based out of El Segundo, California. Founded in 1999, MB Trading has developed an award-winning proprietary order routing system that allows investors the ability to trade directly to the NASDAQ, NYSE and AMEX markets. MB Trading is a registered Futures Commission Merchant with the Commodity Futures Trading Commission, and a member of the National Futures Association.
MB Trading has developed a novel way to connect their MBTX routing technology to various banks and pools of liquidity through STP (Straight Through Processing), thus allowing traders the ability to route orders via 15 distinct order types. Additionally, traders can opt to cross orders anonymously via ECN.
Traditionally, the forex market has operated on a “deal desk” system. What makes the MB Trading platform truly unique is that it provides traders with the tools they need to access the true market, effectively bypassing the “deal desk” system. Their system was designed to give traders a vast selection of diverse order types, and thus greater control over their trading activity.
Perhaps the greatest strength of the MB Trading platform is that is does not allow qualified destinations to requote; one of the forex industry’s dirty little secrets. Requoting occurs when a trading platform displays one price, but the individual trader is offered another price at the point of execution. With MB Trading, there are no gimmicks and games involved.
MB Trading offers its customers two distinct trading systems; MBT Navigator and Meta Trader 4. The MBT Navigator provides customizable layouts, single-click smart order routing and seamless integration with the leading market analytics programs. Meta Trader 4 is one of the most popular trading applications in the industry. MB Trading has thoughtfully integrated their ECN execution capability into the platform, in addition to removing the native deal desk functionality. This provides traders with direct ECN connections and execution, tight ECN spreads and quotes, and no proximity restrictions.
Here’s what a few of our readers have had to say about MB Trading:
{ 6 comments… read them below or add one }
I am not convinced that MB Trading does not act as a dealing broker in the transaction. Their RT commission cost (see below) for a full lot ($100,000) is $13.40 which is over three times what it should cost to trade the pair. Looks cheap based on a micro lot…not so much overall.
EUR/USD – Non-US dollar based currency
Use EUR/USD’s purchase price:
Formula: Deal Size x Deal Rate x 0.00005
10,000 currency (1 lot) x $1.3310 x $0.00005
$0.666 = $0.67 commission
MB is clearly not a desk, just put a limit order between the spread. Not only do they accept the order (shocking enough) but it becomes part of the quote immediately. Is there a cost to having a broker that doesn’t manipulate, slip, and gauge you? Sure, but it’s worth every penny to get real executions and have your orders sitting out there for all to hit. And now they have MetaTrader 4 as well…
How is $13.40 round trip “over three times what it should cost to trade the pair?”
Wouldn’t that be 1.34 pips RT or .68 one way + 1 pip or less spread totaling maybe 1- 1.5 pips one way or 2-3 pips RT? Most brokers have a 2-3 pip spread one way…..that would make MB Trading the exact same or sometimes cheaper. It doesn’t matter how much you trade, its all relative.
BTW – when trading 100,000 lots…one pip is equal to $10. If you enter a trade with a 3 pip spread, you are automatically trying to make up ($30).
I think you had your math wrong.
After making my way through about 4 brokers, I finally found MB Trading. I had done my research and learned a few lessons along the way. There’s a lot of junk information out there, but here’s what I can say after using them. They don’t mess with your orders at all; fills are fast; they could care less if you scalp or hold overnight; and their platform, while somewhat awkward at first, is actually extremely flexible in terms of orders. I use Stop Limit + TTO primarily and it prevents me from getting a bad fill while knowing that everything will be handled in terms of entry and exit while I’m away from my machine. If there is one gripe, it’s that rollover rates are a bit high, but I typically close out my trades each day unless I have a nice winner going. As a bonus, the MBT University is terrific for teaching you about the platform and much more. Can’t recommend MB Trading enough, and I doubt that I’ll find a reason to.
MB Trading RULEs! I’ve had no issues with them what so ever. I couldn’t be happier with my decision to use them.
A company with a solid platform fills are fast and with good customer support. Great brokerage company..