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The 3rd Friday of the month
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Yes
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Yes
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No
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No
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No
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Yes, but you can only buy calls, buy puts & covered calls in an IRA.
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At expiration, any equity option that is .01 of a point or more in the money will be automatically assigned.
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There are no additional fee's to make option trades over the phone.
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Options trade from 9:30 am EST - 4:00 pm EST; Broad based Index options trade until 4:15pm EST.
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Click here to view our Fees page.
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Under Section 31 of the Securities Exchange Act of 1934, Financial Industry Regulatory Authority (FINRA) and national securities exchanges, such as the New York Stock Exchange (NYSE) and the American Stock Exchange (ASE), must pay transaction fees to the Securities Exchange Commission (SEC). Each brokerage firm passes along the fees it collects to FINRA and the exchanges, and these fees are ultimately forwarded to the U.S. Treasury. SEC fees are only assessed when you sell a stock. Click for more details.
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No, your commission costs is based on the quantity of contracts filled. Even if an order is partially filled, you can use our change feature order ("cancel/replace") to modify the order's price and/or size, without incurring an additional commission per day.
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No, we do not charge you on a per ticket basis, your commission costs is based on the quantity of contracts filled.
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The fastest way to open an account is by filling out an application online. You will be guided through a series of forms appropriate for the type of account you choose to open. You will be assigned an account number immediately. Once your account is approved you will be sent a welcome e-mail & then can fund your account. Once the account is funded you can begin trading.
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You can open a cash account with just $1,000 and a margin account with $2,000
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A cash account is not issued any margin or short selling abilities. A margin account is issued 4:1 intraday and 2:1 overnight buying power as well as the ability to short sell securities. Margin accounts with balances less than $25,000 are limited to three (3) day trades in five (5) business days, whereas cash accounts are limited to their aggregate cash per day. Margin accounts with balances greater than $25,000 have no restriction on the number of trades placed.
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You can fund your account by ACH, check, wire, or ACAT or DTC transfer of securities. Please visit our "Deposits" page for details.
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Please make checks payable to our clearing firm, "Penson Financial Services" include your 8 digit MB Trading account number (start with number 7xxxxxxx) in the memo field, and mail the check to MB Trading at:
MB Trading
1926 East Maple Ave
El Segundo, CA 90245
*Checks not made payable to MB Trading or any other party other then Penson Financial Services will be returned. -
You can transfer an account to MB Trading by ACAT (Automated Customer Account Transfer) or by DTC (Depository Trust Company) transfer. An ACAT can be used to fund an account and/or transfer securities and/or cash from one financial institution to your MB Trading account. A DTC transfer can be used to transfer a partial account from one financial institution to your MB Trading account. Please visit our "Deposits" page for details.
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Yes, MB Trading offers extended hours trading from 7:30am to 8:00pm EST.
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Yes, we offer a wide variety of education on all of our platforms and products, including free seminars on our MBT World website and tutorials on the Options page of MBTrading.com.