Rating Index

Pros

Competitive spreads starting from 0.1 pip and low commission rates.

Access to a variety of trading platforms, including MetaTrader 4 and a custom platform with multiple versions.

Regulated by CFTC and NFA, providing a level of trust and security for traders.

Cons

High minimum deposit requirement of $400 may be a barrier for new traders.

Limited leverage of 1:50, which may restrict trading strategies for more experienced traders.

Customer service has been reported as inconsistent, with some users experiencing slow or unhelpful responses.

MB Trading broker Accounts

MB Trading Account Types

MB Trading offers a variety of account types to cater to different trading needs. The minimum deposit for opening an account is $400, and traders can choose from the following account types:

Standard Account:

Minimum Deposit: $400
Maximum Leverage: 1:50
Spread Type: Fixed
Commission: $4.95 per standard lot

Mini Account:

Minimum Deposit: $400
Maximum Leverage: 1:50
Spread Type: Fixed
Commission: $4.95 per standard lot

Forex Trading Plans:

Free EXN Plan: Offers competitive spreads and no commissions.
Pay for Limits Plan: Charges a commission based on the limit orders.

PAMM Accounts: Available for investors looking to invest in managed accounts, allowing for shared profits among managers and investors.
IRA Accounts: Individual Retirement Accounts with no maintenance or setup fees, although an IRA closing fee of $50 applies.

MB Trading Broker Account Opening Process

The process to open an account with MB Trading is straightforward and can be completed in a few steps:

Visit the Website: Go to the MB Trading website.
Select Account Type: Choose the type of account you wish to open (Standard, Mini, Forex, etc.).
Provide Personal Information: Fill out the registration form with your personal details, including your name, email, and phone number.
Verify Your Identity: Upload necessary documents for identity verification as required by regulatory standards.
Fund Your Account: Make the initial deposit of at least $400 using one of the available payment methods (credit card, wire transfer, etc.).
Access Trading Platform: Once your account is funded and verified, you can start trading using the MB Trading platforms, including MetaTrader 4 and their web-based platform.