MB Trading Forex Broker
Name of the Company | MB Trading Futures |
---|---|
Established in | 1999 |
Online since | 1999 |
International Offices | United States |
Payment Methods | Check, Credit card, Debit Card, Wire Transfer |
Demo Accounts & Platforms | Meta Trader 4, MBT Desktop Pro which is limited to 30 days use. |
Account currencies | Canadian dollar, Euro, Great Britain pound, Japanese yen, United States dollar |
Different Currency pairs | AUD/CAD AUD/CHF AUD/JPY
AUD/NZD AUD/USD CAD/CHF CAD/JPY CHF/JPY EUR/AUD EUR/CAD EUR/CHF EUR/GBP EUR/JPY EUR/NOK EUR/NZD EUR/SEK EUR/USD GBP/AUD GBP/CAD GBP/CHF GBP/JPY GBP/USD NZD/JPY NZD/USD USD/CAD USD/CHF USD/DKK USD/JPY USD/NOK USD/SEK |
Regulated or Registered by | FINRA, FSA, SIPC |
Are US Traders welcome? | Yes |
Any Bonus? (detailed) | |
Languages in which website is available? | English |
Languages in which support is available? | Chinese, English, Spanish |
Different Support methods | Email, Live Chat, Phone, Skype and Web Form |
Types of Account (micro standard executive islamic) | Forex (Free EXN Plan), Forex (Pay for Limits), Stocks, Options, Futures |
Or others. | |
Minimum deposit in account | $400 |
Minimum position size | 0.1 lot |
Type of Spread | Fixed |
Typical spread on EUR/USD, pips | |
Minimum spread on EUR/USD, pips | 0.9 |
Is scalping allowed | Allowed |
Is use of Expert advisors allowed | |
Types of Trading instruments (GOLD; CFD, etc. and the leverage) | Forex -1:50 |
Real Trading platforms | Meta Trader 4 |
Digits after the dot in quotes | 5 |
Total Number of currency pairs | 29 |
Is Free education available | Yes |
Do they have Managed accounts | Yes |
Do they have Trailing stop | Yes |
Do they have Pending orders | Yes |
Mobile trading allowed | Yes |
Automated trading present | Yes |
MB Trading Futures as the name suggests deals mainly in Future trading along with Stocks, Options and Forex trading. The company was established in the year 1999 and they also started their internet based online trading service in a quest to reach the traders all over the globe. They have their office in United States and are well regulated by FINRA, FSA and SIPC and all these increase their reliability quotient. They do allow traders from United States to trade from their account and is great news for US traders. They are totally into forex trading and do not allow any other trading instrument and that too only at a leverage of 1:50. Free education is provided to the customers through tutorials, videos and webinars which are available on their website. Other facilities include managed accounts, trailing stops, pending orders, mobile trading and automated trading. The company has won awards for being the Best Broker in the year 2005 to 2011 in continuation by Barron’s. This shows that the company has been performing consistently and is definitely loved by all the traders equally.
Their website is available only in English whereas their customer support service is available also in Spanish and Chinese. The customer support service is excellent and the staffs are well trained to handle trade related issues They do offer demo account in addition to the real accounts and the trading platform for both types is Meta Trader 4 which does not require any introduction in the forex market. The minimum deposit required to open an account with them is $400 and the minimum trade size is 0.1 lots. The spread on the trade is fixed which allows the trader to know the cost of the trade before placing the order. Scalping is also allowed to the traders.
If you have chosen a company to start trading then it is advised to go through its reviews posted online by the customers. The reviews for MB trading have been very positive and the most liked feature about it is that it is well regulated by FSIC, GSA and SIPC. They offer 29 currency pairs to trade in which includes all the major pairs. Also, they allow 5 currencies in the trader’s account. Many traders from US like that they allow them to trade from their account. The customer support service is excellent and the customers can reach the staffs using email, live chat, phone, web form and even Skype. Many traders who like to earn profit in short span love the fact that the company allows scalping. Their mobile trading and automated trading service is also liked by many traders. Some of the drawbacks of trading from their accounts is that their website is available only in English, they allow trading only in forex and that too at a leverage of 1:50. The payment options are also limited. However, the overall rating of the company is pretty good and stands at 5.9 out of 10.