FUTURES Checking Account

The PenFlex checking account provided by Apex Clearing Corporation is a special cash management service that links to your account's money market fund and allows access to check writing, a debit card, for an annual fee of $30 (for accounts with a debit card)

Important Note:
  • Debit cards and check writing is not available for Forex trading accounts.
  • A debit card is available to Equity account holder who meets and maintains an equity balance of $10,000.
  • The debit card is not available for Equity Day-trading accounts.
  • The PenFlex® Account is not available to IRA, UGMA/UTMA accounts, or for accounts that process wires.
  • Each check re-order cost $5.00. For a complete fees list please Click here
  • Customers are prohibited from using PenFlex checks to establish 3rd party ACH relationships against their accounts’ automated payments and withdrawals. These transactions will be rejected and customers will be subject to any associated fees.

To open a checking account, simply complete and mail in the application to the following address. Please noted that faxed applications will not be accepted.

MB Trading

Attn: New Accounts
1926 E. Maple Avenue
El Segundo, CA 90245

  • No minimum balance for a checking account
  • $10,000 minimum balance for a debit card
  • Account detail consolidated with monthly brokerage statement
  • Daily activity screen available at http://online.penson.com
  • Quarterly and Year-End statements
Debit Card
  • Accepted world-wide at more than 16 million merchants
  • Access to over 440,000 ATMs world-wide
  • ATM withdrawals up to $500 per day
Checking Account Fees
Description Amount
  • Annual fee for debit card
  • Check re-order (100 checks)
  • Stop payment
  • Non Sufficient Funds (NSF)
  • $30
  • $5
  • $25
  • $30


MB Trading, IB member FINRA, SIPC; MB Trading Futures, Inc. IB member NFA. Trading in futures, options and forex is speculative in nature and not appropriate for all investors. Investors should only use risk capital when trading futures, options and forex because there is always the risk of substantial loss.

MB Trading earned a 4.5 out of 5 star rating in Barron's 2011 Review of Online Brokers, tying for the top spot overall. The company earned a total of 33.8 points, one tenth of a point under the top score. MB Trading also scored in the top three for separate categories of Range of Offerings, Trade Experience, Trading Technology, Usability, and Customer Service and Education. MB Trading earned a 4.5 out of 5 star rating in Barron's 2010 Review of Online Brokers. The company ranked second overall and tied for first place in the categories of Trade Experience and Portfolio Analysis & Reporting. The company also won the category of Usability. The company also tied for first place in the separate categories of "Best for Frequent Traders" and "Best for Options Traders." This survey evaluated 27 Online Firms and does not include all Online Brokers.

Demo accounts receive FREE streaming Stocks, Futures, and Options quotes which are delayed up to 20 minutes (per individual exchange requirement). FREE real-time streaming quotes for Stocks, Futures, and Options is available to nonprofessional users with funded, live accounts.

MB Trading provides Google Translation of our website for educational or informational purposes for its international customers. The graphics, applications and some portions of the website are not translated. Customers must bear the sole responsibility of evaluating their regional translation before making any decisions based on such information outside of what the English version of the site represents.