Safety and Security
MB Trading understands the importance that customers place on the safety of their funds. Our customer security and peace of mind has always been a priority. Here are some of the facts about MB Trading and MB Trading Futures, Inc:
1 MB Trading is a member of SIPC, which protects securities customers of its members up to $500,000 per customer (including $100,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.
Securities transaction are cleared through Penson Financial services, Inc.(“Penson”), member of FINRA and SIPC. Additionally, Penson also holds excess SIPC insurance from of $200,000,000 in the aggregate, overall customer accounts, subject to a maximum limit of $900,000 per customer in respect to cash. This Excess SIPC protection is in addition to the protection provided by the Securities and Investors Protection Act, which is administered by SIPC, and is subject to certain conditions and limitations, details of which are available upon request. Note SIPC and Excess SIPC provide coverage against loss of securities and cash, not against market depreciation, fluctuation in market value of your securities, or a trading loss.
Commodity Futures Contracts and Forex are ineligible for SIPC protection.