MB Trading - Stocks Options Futures Forex Online Discount Trading
CURRENCY
BID
ASK
Spread
EUR/USD
 
1.37229
 
1.37242
 
1.30 pips
USD/CHF
 
1.05524
 
1.05538
 
1.40 pips
USD/JPY
 
90.286
 
90.298
 
1.20 pips
GBP/USD
 
1.53006
 
1.53025
 
1.90 pips
USD/CAD
 
1.01102
 
1.01125
 
2.30 pips
AUD/USD
 
0.92242
 
0.92261
 
1.90 pips
EUR/GBP
 
0.89681
 
0.89691
 
1.00 pips
GBP/JPY
 
138.1360
 
138.1790
 
4.30 pips
NZD/USD
 
0.71385
 
0.71415
 
3.00 pips
items of interest

"With your fee structure and no fixed spreads I can actually scalp trades now."

John Scuderi - New York**

**The testimonial is not indicative of future success

FAQ

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About MB Trading

  • What exactly do you offer?
    MB Trading offers the MBT Navigator, a professional level direct access trading system for Nasdaq, NYSE and AMEX securities, options, and e-mini futures. The Navigator seamlessly integrates into some of the industry's leading quote applications, including QCharts, and eSignal, providing a complete and advanced online trading system. We offer real time comprehensive support via our internet based chat room and a fully staffed Trade Desk that is available from 7:30am to 8:00pm EST. We are confident that you will not find a more reliable, convenient, and efficient trading platform.
  • How does your service differ from other online brokers?
    Most traditional online brokers are web-based. This means that orders entered online are first sent to a broker who then places the order for you. With the MBT Navigator, your orders are sent directly to the exchange or marketplace for fast executions, all for a low, competitive fee.
  • How long has MB Trading been in business?
    MB Trading was founded in 1999 by Ross Ditlove and institutional broker Steve Demarest. MB Trading is headquartered in El Segundo, CA.
  • Is MB Trading a public company?
    No, MB Trading is a privately held company. Ross Ditlove is the CEO and Steve Demarest is the President of MB Trading.

Funding - Forex

Forex

  • How do I send funds to open up a Forex trading account?
    Please visit our Account Funding page.
  • Do you have a deal desk?
    No, MB Trading Futures does not operate a deal desk. We do, however, have an order desk for your convenience that you can use to call in trades or receive quotes for no additional fee. The order desk is available between 5:30pm ET on Sunday and 4:30 ET on Friday.
  • Why do I pay interest, when is it paid and how is the amount determined?

    Trades settle in two business days in the spot Forex market. If you sell 10,000 Euros on Tuesday, you must deliver 10,000 Euros on Thursday, unless the position is held open and rolled over to the next day. As a service to our traders, we automatically roll over all open positions to the next settlement date at 5:00pm EST. Rollover involves exchanging the expiring position for a position expiring the following settlement date. The positions being exchanged are not valued at the same price. If a trader is long the currency bearing the higher interest rate, the position being "sold" is worth more than the position being acquired. The reverse is also true; if a trader is short the currency bearing the higher interest rate, the trader is acquiring a position worth more than the one being "sold". The amount of the difference varies based on the currency pair, the interest rate differential between the two currencies, and fluctuates day to day.

    At 5:00pm ET each day, funds are subtracted from or added to accounts with open positions because of this automatic roll over.

  • What is the funding minimum when opening a new account?
    The current account minimum is $400 and margin leverage is 100:1.
  • What is the minimum account value to place my Forex trade?
    $100
  • How does your firm make money when offering spreads as low as 1 pip?
    True interbank data provides clients with the ability to trade with the narrowest spreads. MB Trading Futures charges a small commission of $2.95 per $100,000 in currencies traded for their services. Accounts in some countries may be charged a higher rate. Please visit our commissions page for details.
  • What are the hours I can trade foreign currencies with MB Trading Futures?

    Please refer to the chart below:

    Forex Session Times(all times EST)

    Main session:
    Opens: Sun. at 5:00 pm EST (Start time can vary)
    Closes: Fri. at 4:58 pm EST

    Trading suspended:
    Mon. - Thurs. 4:58 pm EST - 5:06 pm EST

Connectivity

  • How can I test my connection to MB Trading?
    To test your connection to MB Trading's servers, open a DOS prompt (by clicking your computer's START menu and selecting RUN and typing "cmd" - Win98 users use "command"). Then type the following text in the black DOS window: "tracert www.mbtrading.com". Then hit the "Enter" key.
  • What do all the fields mean on the "trace route?"
    Each row from a trace route contains 3 columns of numbers ending in "ms" (milliseconds). Basically, for optimal performance, you want to see these numbers consistent and under 100 ms. (see below)



  • Do you support satellite connections?
    Yes, the MBT Navigator order management system will work with satellite connections.
  • How can I find my IP address on my computer?

    Open a DOS prompt (by clicking your computer's START menu and selecting RUN and typing "cmd" - Win98 users use "command"). At the prompt, which will look something like this: "C:\>" If you are running Windows NT or Windows 2000, type in "ipconfig /all" If you are running Windows 98, type in "winipconfig." After you have typed it in, your computer will display a Windows IP Configuration. It will look like this:

    IP Address. . . . . . . . . . . . (IP address = series of 4 numbers separated by dots)
    Subnet Mask. . . . . . . . . . . (Another series of numbers)
    Default Gateway. . . . . . . . . (Another series of numbers)
  • How can I ping an IP address from my computer?
    Open a DOS prompt (by clicking your computer's START menu and selecting RUN and typing "cmd" - Win98 users use "command"), and after the "C:\>" type "ping (IP address) -t". This will give you a continuous ping of the IP address, in which you can see the response in milliseconds denoted by time. Anything past 350 milliseconds can lead to disconnects from the software. If you see anything displayed that says "request timed out" or "destination unreachable," it means that either the other party is using a firewall, or the connection is so poor that no response is received.

System Requirements

  • What are your system requirements?
    • Windows 2000 or XP
    • 600 MHz processor
    • 256 MB of RAM
    • 20 MB free hard disk space
    • 56 Kbps modem (ISDN, Cable, or DSL preferred)
    • Microsoft Internet Explorer 5.0
  • What type of internet connection is required?
    Connections as low as 14.4K have been used by our clients, however, we suggest a broadband connection whenever possible.
  • Can I use a Macintosh?
    The system is not supported on a Apple Mac OS, however, some clients have reported success with the windows emulation program, Virtual PC.
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