MB Trading

Admin July 14, 2024

Summary

MB Trading is a forex broker. MBTrading offers the MetaTrader4, MBT Desktop, and MT Mobile top global forex trading platforms. MBTrading.com offers over 30 forex pairs, stocks, options, and futures for your personal investment and trading options.

Regulated

Payment Methods Used

Wire Transfers, ACH Transfers, and Cheques

Meta Trading Softwares Used

MT4, NinjaTrader

Overall Rating

2/5

Reviews

Carlo
1/5

Cannot withdraw funds

Cory
4/5

Well, I've been with Mbtrading since 2008 and only had a 4 to 8 problems mainly dealing with there platform language and computer problem on there side which was corrected and resolved. They just sent a notice to all of there clients that they are transferring all forex account holders to Tradeking starting Oct. 23 2015. I really hate they are doing this because Tradeking is owned by Gain Capital and I had a terrible experience with Gain Capital. Now after all these years being with them I have to go hunting for another broker which sucks. So, I will be closing my account soon. Mbtrading was a good forex broker. I hate they are throwing there forex clients away.

Scott
2/5

Their spread is wide. Minimum of 1 pip up to 4 on the majors on average. 4 atleast on the crosses. During news events I've seen their spread go over 20pips and the slippage comes insane. Even during normal trading environments I've had stop losses fail to be placed by them (pretty consistently) and entries and exits take up to 30 seconds to fill. Their customer service will not help you with this if you have a complaint. They've been this way for years.

Peter
3.5/5

3 years with them .Great ECN broker - a bit slow with setting up account, good spreads and low flat commissions. definitely not a scam.

Ricco
2/5

I still have an account here, but it is the least of my favorite. The spreads here are really bad. I ran a strategy with them and fxcm and with side-by-side you can really see the fees are eating the MB trading account alive. They don’t have live chat, but rather a support ticket method. They website for funding with withdrawals is a bit confusing as well (I keep typed instructions). In my honest opinion, it appears that perhaps with the other lines of business they have, the don’t really intended to be competitive on the forex end. Also, be extremely careful with using EA’s or repeaters with them. If the markets are closed or your EA generates constant errors, there are fees they will charge you, taking the fees directly from your account balance. The rep tried to explain to me about this fees, but at the end of the day it just a way for them to make extra money off of you. Did I mention that you can’t trade with a balance less than $100?!?!?!!

Ken Foster
3/5

I had a MB Trading account and closed it after 3 trades. They should change their name to Slippage Trading, this would be more accurate. When you're in a trade the spreads can get extremely wide. Save you're money find a better broker.

Bob
1/5

MB's trade executions fail terribly. I experienced major slippages, trades being stopped out before the stop loss is touched. Their spreads get crazy wide when the market moves & you lose most of your profit. Their spreads on GBPJPY & EURNZD use to be 4 to 6 pips 2 months ago & now are 8 to 17 pips. I switched accounts to the new low spreads at another broker that started 6 weeks ago. No problems at that broker. They are 10 times better than MB Trading

William Huff
2/5

MB's trade executions fail terribly. I experienced major slippages, trades being stopped out before the stop loss is touched. Their spreads get crazy wide when the market moves & you lose most of your profit. Their spreads on GBPJPY & EURNZD use to be 4 to 6 pips 2 months ago & now are 8 to 17 pips. I switched accounts to the new low spreads at another broker that started 6 weeks ago. No problems at that broker. They are 10 times better than MB Trading

Andre
2.3/5

I've used MBT for a while, it's a good broker as far as the features it offers. But as far as trade executions it fails terribly. I experienced major slippages, trades being stopped out before the stop loss is touched.

Francis
1/5

I've been live trading forex for 3 days. I chose MB Trading to start with, and I regret my decision horribly. At the time of writing, their live trading system has been offline for more than THREE HOURS (180 MINUTES). It is currency 6:40 PDT, in the middle of Asian session trading. This is not near their scheduled maintenance window. Customer service answered my call fairly quickly, however they provided no information about the nature of the outage, nor an estimated time until recovery (probably because it's a coordinated attack on client funds, but let's hope not). I've read a few other reviews that mention longer-than-expected system downtimes. This is a severe problem with MB Trading that you need to be aware of if you are considering them. I rate MB 1 star for complete failure to provide the service they advertise: live forex trading. Right now I can do NOTHING about my open trades, during live trading hours. While I am willing to explore possible benefits of MB's service and return with a followup review, I am very disappointed now, and will most likely be searching for a new broker.

Scott Los Angeles, USA,
1.3/5

Awful awful awful. They have some of the worst customer service out there. Questions emailed to them (where is my money question) never answered. Send them a check, check clears (I use the same bank as them) but they don't credit my account for almost two weeks now. Ask me to send them verification it's cleared etc., (sorry but that's their job) tell them they have my money which should be enough verification and they get hostile. Can't request my money back because it's not in my account so there is no money to be requested etc. Awful will most likely file complaints with any gov't organization I can find.

Jonathan weaver
2.1/5

I don't like them. I thought they might be one of the best but when I deposited some money and attempted to withdraw it, I had problems. Its been 7 days as today july 5, 2013 and I still do not have any money back. I did speak with a rep. who told me it would be processed today when I asked about all my previous attempts and communications, how come no response, he said nothing. Sorry but I can not reccomend them.

Warren new jersey
4/5

Best broker out there in terms of honesty with your money. they also have one of the lowest differences of net capital to forex obligations too which is good security.

Denson
2/5

Customer service is the worst of any broker I've ever dealt with. MBTrading has another annoying specific feature, there is a break between 16:58 until 17:06 (officially) (NY time) when the MT4 platform stop working (for the rollover) and there is no way to open or close trades and even if the trade hit TP or SL, trades remains opened and TP or SL are not taken into account. Practically this break lasted for more than 7 minutes many times, in some rare occasions lasted for more than 45 minutes... and there is no way to make profit by trading on that hour with this broker on the current market condition.

Maurice
4/5

I am a small noob investor, just started recently and chose MBTrading as my broker home. I have only made about 20 equity purchases so far and all went well once I learned how to use their system a little. I'm disappointed with MBT's limited online education assistance, but my customer service calls have been helpful. I have no prior experience to compare with.

Michal Warsaw, Poland,
3/5

I've been with them for 3 years. First with Desktop (Navigator), then with MT4. Also used their SDK. No problem with withdrawal even after some nice profit (several times of deposit). The spread 3 years ago were the best (excellent), nowadays it is average. There is a serious problem with execution system - it's an ECN with "last look", meaning "banks" only quote the price and are able to do anything with your order (mostly reject the price). The outcome - enormous slippage for stops up to 100 pips (1000 ticks), mostly 2-5 pips. Some limit orders not executed even when the price was hit. Of course there are times that stops are executed at better price (about 5% of all orders) and about 50% of limit orders get better price. But negative slippage for stops is simply enormous. The stop order can be rejected by "banks" for more than 1 minute over and over again adding to slippage. If your strategy is based only on limits then you can try MBT with Pay for limits account otherwise look for other broker.

Ali
1.2/5

Very poor customer service , they will fight with you literally slippage a common practice , Mt4 shows diff profit than actuall amount is less than what it shows ...................... i believe they are fraud ........... dont invest big amounts with them ....

Stefan Denver
1.4/5

I asked what would be withdrawal method if my card is stolen or lost so replaced. here is the answer : Thank you for your email. There is no fee for depositing. For withdrawing there is a wire fee of $20 for domestic bank account and $30 for international bank accounts. If you were to do a credit card deposit and the card would happen to be replaced with a new card we would still send the funds back to the original card. Your card company will have to re-route the funds to the new existing account. So my bank has to re-route the money? cool but how that works from stolen card??? and if I open new acc. with different bank I have to withdraw my money for $20 and do deposit again? not so cool to me !

Azur Miami
1/5

Never trade with MBT! They don't execute your stop loss orders in fast moving markets! they will wipe out your account!

Andy
1/5

These guys are crooks. I deposited over $15,000 with these guys and had a friend manage the account. Stop losses never worked, fills took many seconds sometimes. MBT Desktop Pro is a horrible platform as well. a "Stop Limit" is not the same type of order that every other broker uses. Very unprofessional on the phone as well. I would be very careful with this broker, beware.