OPTIONS Checking Account

Apex Clearing Corporation provides two levels of cash management services from Reich & Tang’s (R&T) Cash Management Services that offer you the benefit of consolidating all brokerage and cash management needs into one account. There is no minimum balance for a checking account.


Spectrum Account
Access Account
  • Unlimited check writing
  • Automatic investments and withdrawals
  • Direct Deposit
  • ACH Service
  • Check payee information listed on statement
  • Debit Card:
    • $10,000 minimum balance for a debit card
    • The debit card is not available for Equity Day-trading accounts.
    • No-fee ATM usage at any PNC Bank
    • Visa® Gold or Platinum debit cards, for benefits comparison please click here
    • Accepted at any ATM worldwide displaying the Visa, PLUS®, and STAR® symbols, or at a bank for manual cash withdrawal.
    • ATM withdrawals up to $1,010.00 (Including fees) per day
  • Unlimited check writing
  • Automatic investments and withdrawals
  • Direct Deposit
  • ACH Service
  • No check payee information on statement


Cash Management Service Fees
  • Spectrum Checks Only
  • Spectrum Checks w/ Gold
  • Gold Card Only
  • Spectrum Checks w/ Platinum
  • Platinum Card Only
  • Spectrum Reorder Fee/150 non-duplicate
  • Access Reorder Fee/15 non-duplicate
  • $30.00
  • $60.00
  • $30.00
  • $75.00
  • $45.00
  • $15.00
  • $5.00


To open a checking account, simply complete and mail or fax in the application to the following address.

MB Trading
Attn: New Accounts
1926 E. Maple Avenue
El Segundo, CA 90245

  • Account detail consolidated with monthly brokerage statement
  • Daily activity screen available on your online statement
  • Quarterly and Year-End statements
  • Visa check card directly reduces the available balance in the account by the dollar amount of the transactions. You will not receive a separate monthly bill for these activities.

Important Note
  • Debit cards and check writing is not available for Forex and Futures trading accounts.
  • The Spectrum and Access Accounts are not available to IRA, UGMA/UTMA accounts, or for accounts that process wires.
  • For a complete fees list please Click here
  • Customers are prohibited from using Spectrum and Access checks to establish 3rd party ACH relationships against their accounts’ automated payments and withdrawals. These transactions will be rejected and customers will be subject to any associated fees.
  • Cards cannot be used in Hong Kong, Malaysia, Taiwan, Thailand, and China, as well as any country listed with the Office of Foreign Assets Control.



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.