STOCKS Deposits



Click Your Deposit Method
 
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Please make ALL checks payable to:

APEX CLEARING CORPORATION

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Please include your 8 digit MB Trading account number in the memo field of the check.

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ALL checks must be mailed to:

MB Trading
1926 E Maple Ave
El Segundo, CA, 90245
United States of America

Checks made payable to MB Trading WILL NOT BE ACCEPTED.

Important Note:

  • The firm is unable to accept the following funding types:
    • Any funding not made payable to Apex Clearing Corporation
    • Third Party Wires and Checks(defined as any account other than one of the same name as the account title held at MB Trading )
    • Traveler’s Checks
    • Credit card checks
    • Checks drawn against lines of credit or lines of equity
    • Money Orders
    • Cash
    • Cashier’s checks/Official checks for deposit to foreign accounts
    • Temporary Checks
    • Preprinted expiration dates on checks
    • Unsigned checks
    • Funds for accounts that have not been opened
    • IRA Funding not accompanied with an IRA Deposit Slip
  • Unverified Funds: Checks may be subject to a 5 business day hold before funds are released for trading if the firm is unable to verify the funds with your financial institution.
  • Foreign Accounts: Apex’s policy requires that any check or ACH deposits into international accounts must remain in the account 30 days before any withdrawal may take place. Additionally, Apex will not accept cashiers checks for international accounts. Any items drawn in foreign currencies or against a foreign bank will be sent for collection. The customer will not be credited for deposit until the bank has collected the funds from the foreign institution and covers Apex for the item converted into USD funds.
  • Penalties for Returned Check Deposits - In the event that a check is returned unpaid from the paying bank, a $25 fee will be charged and the account will be asked to send funds in an alternate method (wire, cashier's check, or certified funds). The following penalties will be enforced for any check deposited into a customer account that is returned unpaid by the paying bank regardless of the reason for the return:
    • 1st returned deposit for any reason results in a warning. However we will require alternate method of deposit.
    • 2nd returned deposit for any reason results in a 90 day restriction of the account.
    • 3rd returned deposit for any reason results in account closure for 90 days (liquidating transactions only)

Wire instructions will be sent to customers upon account approval and are also available in the secure login area of the site.

Wire Deposits
Typically the fastest method of funding your MB Trading account. Wire transfers are usually received the same day that they are sent by your financial institution and will post to your account the day after they are received.

All incoming wires with incomplete information will be returned the next business day. Please ensure that your wire instructions include final beneficiary name and account number on the wire. Funds will be returned if the funds are deemed Third Party (defined as any account other than one of the same name as the account title held at MB Trading) or if the account is not opened.

ACH Transfers
Electronically transfer funds to and from your checking. ACH transfers typically take 24-48 hours to process and are available for no charge. There is a limit of $50,000 per day for all ACH transfers.

To get started, download and complete the ACH Authorization form. Attach a voided check to the completed form and mail it to:

MB Trading
1926 E. Maple Avenue
El Segundo, CA 90245

In the event that an ACH is reversed by NACHA, a $25 fee will be charged and the account will be asked to send funds via an alternate method (wire, cashier's check, or certified funds) Please refer to "Important Information" below.

DTC Transfers
A method of transferring cash positions (fully paid-for stocks) from your existing brokerage firm to MB Trading. These transfers typically take 3-5 business days and cannot be used if you are closing your other account. You will need to provide the transferring broker with MB Trading's incoming DTC number: 0158 Apex Clearing.

Automated Customer Account Transfer (ACAT)
Typically used to transfer an entire account (including cash and securities) from another broker to your MB Trading account. To do so, please sign and complete the ACAT form and return it to us with your new account paperwork. Make sure to include a copy of your most recent monthly statement from the transferring broker. You may also fax us a copy of the form so we can initiate your transfer, but we must still receive the original copy. (ACAT transfers take approximately 7-10 business days). Click here for an ACAT form.

*ACH Relationships cannot be established for UTMA/UGMA accounts. * In the event that an ACH is reversed by NACHA, a $25 fee will be charged and the account will be asked to send funds via an alternate method (wire, cashier's check, or certified funds). Funds from ACH deposits cannot be withdrawn for a period of 5 business days due to our clearing firm's policy.

Penalties for Returned ACH and Check Deposits - In the event that a check or ACH deposit is returned unpaid from the paying bank, a $25 fee will be charged and the account will be asked to send funds in an alternate method (wire, cashier's check, or certified funds). The following penalties will be enforced for any check deposited into a customer account that is returned unpaid by the paying bank regardless of the reason for the return:

  • 1st returned deposit for any reason results in a warning. However we will require alternate method of deposit.
  • 2nd returned deposit for any reason results in a 90 day restriction of the account
  • 3rd returned deposit for any reason results in account closure for 90 days (liquidating transactions only).

Physical Securities Processing
MB Trading accepts physical certificates for listed NYSE and NASDAQ (All certificates are subject to additional processing fees). All physical certificate deposits are accepted on a case-by-case basis and maybe subject to additional review and documentation requirements. Presently, free shares are received in accounts through three methods: Direct Registration (DRS), Deposit, Withdrawal at Custodian (DWAC), and physical receipt.

We DO NOT accept shares of Over-the-Counter (OTC) securities (Pink Sheets or Bulletin board) and non-DTCC eligible securitiesthrough DRS, DWAC, or in physical stock certificate form. A list of Non-DTCC eligible securities is available here, but is subject to change.

Stock certificates should be endorsed to Apex Clearing Corporation or if the certificates are not properly endorsed, they must have an original stock power attached to make them negotiable. Please contact our Customer Service department with any additional questions.

 
 

 

MB Trading, IB member FINRA, SIPC; MB Trading Futures, Inc. RFED/IB and 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. MBTFS and MBTFX are sometimes referred to collectively herein as "MB Trading."

1MB Trading FX offers two Forex pricing models. Both models employ our RFED to client facing execution system with slightly different pricing and markup models.  For purpose of clarity the two pricing models (Plan 1 and Plan 2) both operate on the same technology.  The underlying technology is named The MB Trading Electronic Xrossing Network, abbreviated as EXN for the remainder of this disclaimer.  The main differentiator between the models is twofold.

A.    Difference in amount of markup or markdown of liquidity partner (banks) quotes when displayed to clients.
B.    Commission Structure charged to client

Plan 1 or “Pay for Limit” plan employs the EXN technology in a commission model. This model charges a client 2.50 in their base currency per 100k of executed currency for market orders and pays a client .50 of base currency for posted, executed limit orders. In the Pay for Limits model, the term "Payment for Limit Order" refers to a non-market order which is not immediately executable and rests on the internal limit order book for some period of time, thus adding liquidity when another order of equal or greater value fills with the resting order.

Free Commission Plan employs the EXN technology in a markup only plan, which means that MB Trading receives a markup embedded in the spread as compensation. This plan does not add an additional commission, does not pay the client a rebate for posted liquidity as Plan 1 does yet does still offer the benefit of allowing the client to post quotes which is displayed to all other clients on Plan 2.

Additional information to note is that “Actual Total Paid to Clients” counter is kept on the company website which displays The Actual Total Paid to Clients currency number which is updated every five minutes and stops counting during the weekend when the market is closed. The number calculates from the launch of Pay for Limits, which was January 31, 2011.

Due to higher cost of business in China, “Get paid for limit orders” is not available for Chinese residents. All Chinese residents have a fee of 2.50 for all order types. Accounts with special commission rates are excluded from Payment for Limit Orders. There is a minimum fee of $0.01 for all Forex and spot trading orders that take liquidity.

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.

*Real-time Forex Quotes are provided via the MBT Quote API. Quotes are available during platform hours from Sunday at 5 pm EST to Friday at 5 pm EST, except during the scheduled maintenance period from 4:58 pm to 5:06 pm EST. Extended maintenance periods are possible, and messages regarding maintenance are sent via the MBT Desktop, MBT Desktop Pro, and MBT Web 2.0 trading platforms. In addition, MBT begins MetaTrader 4 maintenance at 4:57 pm EST, one minute earlier.

MB Trading provides real-time Demo data in all of our software platforms in the Forex markets at no charge. All Demo data for Stocks, Futures, and Options are on a 10-minute delayed feed. In order to receive real-time data, users must open a live account.

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.