FUTURES Account Types


In an individual account, there is only one beneficial owner, the only person who can control the investments within the account and request distributions of cash or securities from the account. There is only one person under one Social Security Number allowed.

Joint Tenants in Common (JTIC)

A joint account, in which, upon death of either participant, the survivor is granted only his or her pro rata portion of the account as established before the death of the other party. Ownership, normally 50% each, is specified later in the application process.

Joint Tenants with Rights of Survivorship (JTWROS)

A joint account, with which, in the case of death of one party, ownership is granted to the surviving party.


Trust accounts are opened under the legal name and date of the trust. "Revocable" Trusts are opened with a Social Security Number. "Irrevocable" Trusts require a Fed ID number.

Corporation or LLC (Limited Liability Companies)

Corporate accounts or LLCs are opened under the legal corporate name, along with a short description of the nature of the corporate business. The Articles of Incorporation Corporate Resolution (or a notarized copy of such) must be attached to the application when submitted.

Limited or General Partnership

Partnership accounts are registered in the name of the partnership. Principal partner personal information is collected. At least one person must be granted trading authorization. A Fed ID Number is required to open the account. A copy of the Partnership Agreement, name, address & phone number of beneficial persons that own 10% or more of the entity is required.

Foreign Classification

This type of an account is reserved for applicants without a Social Security Number or Fed ID Number (i.e. non-US citizens). All account types above may be opened as Foreign. A form W-8BEN is provided. Joint Account applicants will receive two W-8BEN forms. All original paperwork must be signed and mailed to MB Trading before this type of account can be funded.

Custodial Accounts

An investment account created for the benefit of a minor. There are specific rules regarding custodial accounts, which require that the assets be governed by a custodian until the minor reaches the age of majority in their state of residence. Custodial accounts are not tax-deferred. Gains up to a certain amount will be taxed at the child's rate. Only available to US Citizens and Resident Aliens. For more details please consult a tax advisor or the IRS.

Individual Retirement Account (IRA)

Retirement accounts can only be opened for domestic accounts directly with IRA Custodian, Milllennium Trust Company for a fee. Please check their website at www.mtrustcompany.com for their current fee schedule.

  1. Traditional IRAs are tax-deferred retirement accounts for individuals. Earnings are tax-deferred until withdrawals begin at age 59 1/2 or later (or earlier with a 10% penalty). Contributions are limited to $4,000 per year and must cease before the age of 70 1/2. Distributions must begin April 1st of the year following the year in which the individual turns 70 1/2. Qualified individuals, such as those who do not participate in a pension plan with their employer or who do participate and meet income guidelines, can make deductible contributions to an IRA. All others can make contributions to an IRA on a non-deductible basis, in which the contributions can qualify as a deduction against income earned in that year.

  2. Roth IRAs allow non-deductible contributions. Withdrawals are tax-free if the account is held five or more years and the individual has attained age 59½. Withdrawals are also tax free if the individual has become disabled, or if the individual is purchasing a home for the first time, or if the account holder is deceased. There is no age limit in which contributions must cease, nor are mandated distributions required.

  3. SEP IRAs (Simplified Employee Pension Plan) are retirement plans for small businesses with any number of employees, available for sole proprietors, partnerships, corporations including S-corps, non-profits, and government agencies. SEP IRA plans must be established by due date of the return, including extensions, in order to contribute for the preceding year. Employers and Employees are eligible to make contributions into SEP IRA accounts. Contributions are flexible each year and are not mandatory. Contributions are 100% vested immediately and directed by employees within their individual SEP IRA account.



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.