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We do not charge for MBT Desktop/Desktop Pro, MBT MetaTrader 4, MBT Mobile, and MBT Web. We only charge for supplemental quotes & the MBT LightWave platform.
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No, you will need one account for Forex and the other for stocks, options, and futures. Both accounts can be linked to the same username but the funds will be totally separate.
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Please use your demo username and log into the website in order to apply for a live account. Click on Applications under the My Profile section.
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To open an account, click the "Get Started Now" link on our home page and complete the online application.
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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 and you can use this number to fund your account. Once your account is funded, you can begin trading.
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You can open a cash account with just $1,000, an IRA for $500, or a margin account with $2,000.
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Please make checks payable to our clearing firm, "Apex Clearing Corporation" 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 made payable to MB Trading or any other party other than Apex Clearing Corporation will be returned.
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Yes, 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, please use this form: www.mbtrading.com/f/acat.pdf
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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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Yes, if you live in one of our approved countries listed here: www.mbtrading.com/stocksAccountRequirements.aspx
We will need a copy of your passport or government issued identification, a utility bill to verify your address, and a W-8BEN tax form which we will provide to you. -
No
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There are no additional fees for manual phone orders, any order types other than market and limit orders, orders placed during extended trading hours, and any orders placed when the MBTR route is unavailable.
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Our MBTR Plan offers flat fee, unlimited trading with market and limit stock orders for the single rate of $4.95*. The MBTX Plan is slightly more expensive than the MBTR Plan, but generally offers access to more liquidity and more order types. The cost is $0.0075 per share with a $4.95 minimum per trade.
Click here to view our Fees page. -
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. 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. You will only be charged one commission per day, regardless of the number of partial fills an order produces.
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Each individual ECN and Exchange charges small "pass-through" fees for each share executed. In order for MB Trading to continue providing the same excellent service and support that we are known for, these fees must be added to your base commission price.
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You can place a trade for as little as 1 share, however, please keep in mind that our "per share" commission plan has a minimum ticket charge of $4.95.
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A day trade is defined as the opening (buying or short selling) and closing (selling or covering) of the same security on the same day.
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A day trading account is an account with a balance of at least $25,000 or an account that has displayed day trading tendencies. Any account that exceeds three (3) day trades in five (5) business days is automatically considered a day trading account and will be required to maintain a balance of $25,000 to retain margin ability.
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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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Yes, MB Trading offers extended hours trading from 7:30am to 8:00pm EST.
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Yes, you can now enter stops for NASDAQ securities in addition to NYSE and AMEX securities; the NASDAQ does not accept them, but our dedicated servers do.
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First, here are several definitions found on the WWW:
- An arrangement whereby the profits or losses on [a futures contract or various securities in your account] are settled each day.
- The act of recording the price or value of a security, portfolio or account to reflect its current market value rather than its book value.
- Recording the price or value of a security, portfolio, or account on a daily basis, to calculate profits and losses or to confirm that margin requirements are being met.
The cost basis for each security in your portfolio is adjusted to its closing price each day. If you hold a security overnight, your true purchase basis goes away in lieu of the new "closing price" cost basis assigned to each security each day.
As an example: If you buy the security on Monday for $10/share and it closes at $11/share on Monday, Tuesday's cost basis is $11/share, and your account will see a PnL of $1/share for Monday. If the security ends Tuesday at $10.50/share then a -$0.50/share PnL is booked to your account for Tuesday and Wednesday's cost basis becomes $10.50/share.
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Yes, we offer a user manuals, tutorials and Webinars through the main MB Trading website and on our education and community site, MBT World.
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You can see the differences HERE
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es, most clients receive a 1099 tax form. Detailed cash transactions and trade history reports are also available via Apex's website.