MBTR - Flat Rate

Our MBTR Plan offers flat fee, unlimited (up to 10,000 shares) trading with market and limit stock orders for the single rate of $4.95. Trades are routed through our proprietary MBTR routing engine, which is designed to give you maximum flexibility regarding commission costs. With flat fee trading, your orders go through an internalized order matching system, often resulting in price improvement compared to the current best market. Internalized order execution offers lower fees in exchange for reduced order representation. There are additional fees for orders over 10,000 shares, any order types other than market and limit orders, and orders placed during extended trading hours.

MBTX - Per Share

Our MBTX Plan offers sophisticated and proprietary order routing through our MBTX system, which sends your order to the exchange(s) with the highest bid or lowest offer. The system is used by professional, institutional, and active stock traders who want each share to be handled in a specific manner. The MBTX Plan is slightly more expensive than the MBTR Plan, but generally offers access to more liquidity and more order types. The cost is $0.0075 per share with a $4.95 minimum per trade.

Examples:

  • 500 shares = $4.95
  • 1,000 shares = $4.95
  • 5,000 shares = $4.95
  • 10,000 shares = $4.95

Examples:

  • 500 shares = $4.95
  • 1,000 shares = $7.50
  • 2,000 shares = $15.00
  • 5,000 shares = $37.50

 

MBTR vs MBTX

*Effective June 29, 2009: The MBTR Plan is designed for market, limit, and stop orders during stock market hours when the greatest amount of liquidity exists in the market. Therefore, a surcharge of $0.005 per share applies to any trade with one or more of the following conditions:

  • Shares executed before 9:30 am ET (Pre-Market Trading)
  • Shares executed after 4:00 pm ET (Extended Hours Trading)
  • Shares executed using the Reserve, Discretionary, or Pegged (Coming Soon) order types
  • Shares over the 10,000 maximum for Smart orders

Clients who subscribe to NASDAQ Level II: The $10 monthly fee is waived for MBTR Plan customers that run ten or more trades in a month. Level I quotes are always free.

Important Note: SEC Section 31 and FINRA Trading Activity fees apply to all commission plans.

MB Trading Equity clients may change commission plans by logging in above and selecting "User Info" from the left menu, then "Commissions" from the "Quick Links" menu.

 


Commissions for all asset classes are per side. The combined forex transaction costs include the spread plus commissions.

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