FOREX Account Types



Thank you for your interest in MB Trading FX. Please do not hesitate to contact our representatives by calling (866) 558-3342 or emailing us at [email protected] if you have any questions.

Current MB Trading clients: An additional MBT Forex account is required to be added to your login to trade Forex.


Get Started Now!

The fastest way to open a new account is by using our online application, which is currently available for both individual and joint accounts:

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Please click below to access our miscellaneous account documents:


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Customer Introduced by Third Parties: For accounts that were introduced to MBTF by outside parties, please fill out this form along with your new account application.

Forex Resources: Sources of information regarding Forex trading

Funds Withdrawal Request: To withdraw funds out of your account via check or wire, please use this form and fax it to the cashiering department.

Internal Transfer Request: Transfer funds internally from one MB Trading Forex account to another.

Limited Trading Authorization: Authorizes an agent of the account holder to place transactions on behalf of the account holder. This form does not allow trading agent to withdraw funds from an account.

Managed Account Authorization: For accounts that are managed by a trading advisor, this form authorizes the advisor to place transactions on behalf of the account holder and authorizes the appropriate fees you specify for your trading advisor to receive. This form does not allow trading advisor to withdraw funds from an account.

Revocation of Limited Power of Attorney: To revoke limited trading authorization or managed account authorization. This form can be faxed to New Accounts.

 

 

Additional Types of Forex Accounts:

Print and mail any application (listed on the right) to MB Trading FX and include a photocopy of your valid driver's license or government-issued photo Id.

Notice to Foreign Applicants:

  • Please view the restricted country list before applying.

    MB Trading cannot currently open Forex accounts for residents and citizens of the following countries:

    • Afghanistan
    • Albania
    • Algeria
    • Andorra
    • Angola
    • Antigua and Barbuda
    • Argentina
    • Armenia
    • Ashmore & Cartier
    • Azerbaijan
    • Azores
    • Baker Island
    • Balkans
    • Bangladesh
    • Barbuda
    • Bassas Da India
    • Belarus
    • Belize
    • Benin
    • Bhutan
    • Bolivia
    • Bosnia & Herzegovenia
    • Botswana
    • Brunei Darusallam
    • Bulgaria
    • Burkina Faso
    • Burundi
    • Canada
    • Cambodia
    • Cameroon
    • Central African Rep
    • Chad
    • Christmas Island
    • Clipperton Island
    • Colombia
    • Comoros
    • Congo-Brazzaville
    • Congo, Democratic Republic of (formerly Zaire)
    • Coral Sea Islands Territory
    • Cote D’lvoire
    • Cuba
    • Croatia
    • Djibouti
    • Dominican Republic
    • East Timor (Timor-Leste)
    • Ecuador
    • Egypt
    • El Salvador
    • Equatorial Guinea
    • Eritrea
    • Ethiopia
    • Europa Islands
    • French Guiana
    • Gabon
    • Gambia
    • Gaza Strip
    • Georgia
    • Ghana
    • Glorioso Islands
    • Guatemala
    • Guinea
    • Guinea/Bissau
    • Guyana
    • Haiti
    • Honduras
    • Howland Islands
    • Isle of Man
    • India
    • Indonesia
    • Iran
    • Iraq
    • Ivory Coast
    • Jan Mayen
    • Japan
    • Jordan
    • Juan De Nova Island
    • Kenya
    • Kazakhstan
    • Kingman Reef
    • Kiribati
    • Kosovo
    • Krygyzstan
    • Kuwait
    • Laos
    • Latvia
    • Lesotho
    • Lebanon
    • Liberia
    • Libya
    • Lithuania
    • Macao
    • Macedonia
    • Malawi
    • Mali
    • Madagascar
    • Martinique
    • Mauritania
    • Midway Islands
    • Moldova
    • Mongolia
    • Morocco
    • Mozambique
    • Myanmar (Burma)
    • Navassa Island
    • Namibia
    • Nauru
    • Nepal
    • Nicaragua
    • Niger
    • Nigeria
    • North Korea
    • Pakistan
    • Palau
    • Palestine
    • Palmyra Atoll
    • Papua New Guinea
    • Paracel Islands
    • Paraguay
    • Philippines
    • Rwanda
    • São Tomé and Príncipe
    • Serbia & Montenegro
    • Samoa
    • San Marino
    • Senegal
    • Sierra Leone
    • Somalia
    • Spratly Islands
    • Sri Lanka
    • Sudan
    • Suriname
    • Syria
    • Tajilistan
    • Tanzania
    • Thailand
    • Togo
    • Trinidad & Tobago
    • Trust Territory of the Pacific
    • Tromelin Island
    • Tunisia
    • Turkmenistan
    • Turkey
    • Uganda
    • Ukraine
    • Uzbekistan
    • Venezuela
    • Vietnam
    • Wake Island
    • West Bank
    • Western Samoa
    • Yeman
    • Yugoslavia
    • Zaire
    • Zambia
    • Zimbabwe
  • Applicants residing outside of the U.S. must also submit a valid passport or visa and foreign customer notification forms.
 

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Acrobat Reader is required to view forms listed on this page.

 

We will contact you via email within 48 hours of receiving your application. To avoid delays in processing we ask that you please provide accurate information, including your current phone number and address.

Please do not include a funding check with your application. Once your account has been approved, funds can be deposited by wire or check. Additional information can be found on our Account Funding page.

 


 
 

 

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 FREE real-time streaming Forex quotes in all software platforms. 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.