|
General Information |
| Brokerage name: MB Trading Inc
|
| Minimum account size: $2000-$3000
|
| Base commission rates: $10-$11
|
Brief explanation of margin rates, if applicable:
2 to 1 margin. Overnight interest rates are 4.8% earned if holding cash, 9.0% paid if holding stocks on margin.
|
| This brokerage has been in business for: 2-5 years
|
| Primary type of broker: Instant order execution-Stocks
|
Brief description of services offered:
MB Trading offers the MBT Navigator - an easy to use real time order entry platform that can integrated with many of todays leading quote providers.
|
|
|
|
Account Information
|
Types of trading accounts offered:
| Full Service
|
On-Line Full Service
|
Premium Service
|
|
| Customers online account information is updated: Up to the minute
|
Types of trades offerered:
|
| Other trade types: N/A
|
Types of quotes offered to customers:
| Real-Time
|
Nasdaq Level II
|
|
Execution methods offered:
| Electronic direct access trading(SOES, SNET and the ISLD ECN)
|
Online Broker(trade desk)
|
Broker
|
|
Exchanges covered:
| American Stock Exchange (AMEX)
|
Boston Stock Exchange
|
CBOE-Chicago Board Options Exchange
|
Chicago Stock Exchange
| |
| Cincinnati Stock Exchange
|
NASDAQ
|
New York Stock Exchange (NYSE)
|
|
| Setup or initial costs to set up an account: Depends on type of account
|
|
|
|
Features
|
Types of services offered to customers:
| Portfolio management
|
Checking account, debit card, credit card
|
|
Ways customers can access their trading account:
|
| Allow stop, limit, and stop limit orders? Yes
|
| Charge extra for stop, limit, and stop limit orders: No
|
| Offer 24 hour customer support: No
|
| Offer tax planning advice: Yes
|
|
|
|
Additional Comments
|
Special features included in the service are:
Supreme customer service. MB Trading purposely does not have an answering service or voice mail. When you call you get a human voice right away, every time.
|
This broker's service is better than the competition in these areas:
Customer Service, Order executions and reliability.
|
Types of security precautions taken for customers:
N/A
|
Communications during systems failures has been assured through:
Online Chat rooms and sytem messages sent through our software as well as e-mail.
|
The major plans for upgrading the current level of trading service are as follows:
MB Trading constantly strives to stay ahead of the curve and will continue to upgrade our software and data servers as needed.
|
