30 reviews of MB Trading are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
First i would like to start by saying that I had only made about 5 trades with MB trading before i decided to withdraw my funds. The trades were for very low amounts, and the only purpose of the trades were to find out how MB Customer Service would deal with different kinds of situations that may arise. Rather it was execution, slippage, vitality, opening and closing of the markets, etc....
MB Trading is one of the few brokers that will NOT under ANY circumstances correct a mistake that there system makes. MB Trading (like many others) have their ways of attempting to capitalize on the moment in any given trade, But many other brokers will make corrections when the situation clearly shows that there system was at fault. MB Trading Will Not!... At All Period, and its just the way they do business with others money.
There CS reps seems to be either confused or frustrated when asked any questions that are outside the scope of their script. Logic seems to play no part in how they view the customers or their investments.
Whoever reads this understand that i did not lose any amount of money with MB Trading, All my trades were winners (only about five in total) and those trades were made so i could evaluate MB Trading Platform along with their Customer Service response to any issues that may arise.
(Which i think would be a good practice for anyone opening a new account with a new Broker)
This is not some angry rant from a trader who has picked some bad trades and decides to go online to complain.. I've been trading forex and Equities for many years now and what im telling the readers of this site is that, MB Trading is like most brokers when it comes to the basics,
But MB Trading is By Far the Worst Broker We Have Dealt With
when it comes to there customer service taking care of any kind of issues.
There are much better Brokers to choose from. especially if your new to trading.
I would give you guys a personal recommendation, but the truth is that, just because they're good to me, doesn't mean they'll be good to you. ("Truth")
I felt compelled to share my experience with MB Trading because, I feel as if I know the game well enough to recognize when a Company is truly comfortable operating on the wrong side, of "Even" Greed.
With that said, I Can't See MB Trading Being Good To Anyone when an issue arises.
Decided to give it a try due to low cost trading. But my experience with their trading application on the web is really bad. But the phone is pretty ok. I guess they will never improve on their Web browser app. Also I thought they are better in atleast customer support, well i'll take that back. Switched to scottrade..BTW. If you want to take my suggestion please consider some other trader even if its little more for each trade.
Very poor execution; orders often just hang there for several seconds before executing. Customer service reps are incompetent, unapologetic, and rude. They used to be better, but lately they have gone downhill.
Best broker, end of story.
I am sure that 80% of those reviews are fake.
I've been having trouble getting my EA's to kick in. Some of them will sit there 2 or 3 days and nothing happens. Does the broker have anything to do with that? I thaught in an ECN the broker can decide whether the broker will let your EA kick in. Don't know. I'm looking into Metatrader 5. We'll see.
In reference to Lucky, the commission is not 2.95 per 10k, its 2.95 per 100k. Round trip that amounts to less than a pip. If you made $8.19 for the morning, that speaks to your trading ability, not excessive commissions.
When I heard that MB Trading was paying 1.95 per 100k in executed non-marketable limit orders, I was skeptical that it was a gimmick of some sort. I decided to give MBT a try and to my surprise, their Pay For Limits program is legitimate. Last week, my statement reflected over $600 in credits and it included credits received for partial fills… that was more than I paid in commissions so I am ahead of the game. Way to go MBT!
I decided to give MB Trading a try after I read about MBT’s Pay For Limits program. It has been about 2 weeks and I have received more than $800 in rebates. Super fast fills and I like that they are an ECN so their commissions are openly displayed instead of built into the spread. Also nice… when I had a question and needed to call customer support, almost immediately, I was able to speak with a human being! Maybe I am old-fashioned, but that is still a huge plus in my book!
As a customer of MB Trading for over 7 years, I can say with confidence that they are the finest brokerage that I have had the pleasure of doing business with. MBT has consistently ranked at the very top Barron's Annual Broker Review and this year is no exception. MB Trading is one of the only true ECN brokerages in the industry; no re-quotes and 100% transparency. I question those who trade anywhere else.
I have been with MBTrading for 11 months. Last week they failed to execute a stop loss order. Instead exited me -165 pips past my stop. I also had an identical trade with another broker that exited me properly, so MB's first excuse that price moved to fast was B.S. along with the chart showing price hung around for 7 minutes. It took them 1 week to respond after i called and emailed daily. Their next excuse was their platform was down for rollover mysteriously 1 minute before price hit my stop. More B.S. and I can prove it. M1 charts show their platform shut down for 6 minutes after my stop should have been executed. I have the charts with times stamps...they lie!
I like MB trading. I have been using them for my online execution for about a year and i'm fairly happy with their execution and spreads. Not the best I've seen but definitely better than the average.
My experience with MB Trading has been great! MBT University has been so helpful. I always receive my money on time and when I have needed assistance, customer service has been great. No complaints- highly recommend MB Trading.
if you live in Europe, don't sign up with this broker! not if you want to see your money anytime soon, it's a real hassle to deposit and withdraw money with them, you must fill alot of papers and go to your bank with them, and fill in alot more papers when you get there, and then your bank will charge you a small fortune for handling the transfer, in my case 8% of the total deposit value + some small additional fees, on a 10000 deposit, that is more than 800 bux lost! not exactly a good start! so for that reason I refused to sign up with them, I hardly think it's worth it, and further I really doubt they are a "real" ECN too, and I can imagine I would have to go through the same procedure if I would want to withdraw money from them, it probably will take weeks! avoid! atleast until they made deposit and withdraw with credit cards a fact! I really don't understand why this would be so hard to fix? by that being said, for US citizens however, it is probably alot easyer but I can't say for sure, but you should check it out first
MB Trading has been my broker of preference. They don’t mess with your orders at all; fills are fast; they could care less if you scalp or hold overnight. As a bonus, the MBT University is terrific for teaching you about the platform and much more.
The MB Trading platform and system do work very well and so far support has been excellent.
They do charge a COMMISSION and it is rather HIGH. 2.95$ per 10,000.00 in and out. Here is what that means to you as the trader.
After this mornings trading April 6, 2010 my P/L showed 27.92$. Not bad for couple hours work however my net was only 8.18$ as they KEPT 19.74 $ in the form of COMMISSIONS.
JUST THE SIMPLE RAW TRUTH....I will not be here much longer.