Partner Programs

MB Trading (MBT) and MB Trading Futures (MBTF) users must review the following Provisions and indicate their agreement to these provisions by clicking "I agree" below.

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MBTR- Flat Rate

Our MBTR Plan offers flat fee, unlimited trading with market and limit stock orders for the single rate of $4.95*. Trades are routed through our proprietary MBTR routing engine, which is designed to give you maximum flexibility regarding commission costs. There are additional fees for manual phone orders, any order types other than market and limit orders, orders placed during extended trading hours, and any orders placed when the MBTR route is unavailable.

Examples:

1,000 shares = $4.95
5,000 shares = $4.95
10,000 shares = $4.95
20,000 shares = $4.95

MBTX- Per Share

Our MBTX Plan offers sophisticated and proprietary order routing through our MBTX system, which sends your order to the exchange(s) with the highest bid or lowest offer. The system is used by professional, institutional, and active stock traders who want each share to be handled in a specific manner. The MBTX Plan is slightly more expensive than the MBTR Plan, but generally offers access to more liquidity and more order types. The cost is $0.0075 per share with a $4.95 minimum per trade.

Examples:

500 shares = $4.95
1,000 shares = $7.50
2,000 shares = $15.00
5,000 shares = $37.50

Mutual Funds
$12.95Flat rate fee
Bonds
$12.95Flat rate fee
Pink Sheets & OTC BB
$8.95Per Trade. No limit to number of shares

*Effective June 29, 2009: The MBTR Plan is designed for market, limit, and stop orders during stock market hours when the greatest amount of liquidity exists in the market. Therefore, a surcharge of $0.005 per share applies to any trade with one or more of the following conditions:

Shares executed before 9:30 am ET (Pre-Market Trading)
Shares executed after 4:00 pm ET (Extended Hours Trading)
Shares executed using the Reserve, Discretionary, or Pegged (Coming Soon) order types

Clients who subscribe to NASDAQ Level II: The $10 monthly fee is waived for MBTR Plan customers that run ten or more trades in a month. Any execution on a foreign stock exchange will be subject to $4.95 + 0.01 per share USD commission or equivalent thereof, additionally the clearing firm and/or the exchange may charge additional fees.

Important Note: SEC Section 31 and FINRA Trading Activity fees apply to all commission plans.

MB Trading Equity clients may change commission plans by logging in above and selecting "User Info" from the left menu, then "Commissions" from the "Quick Links" menu.

Commissions for all asset classes are per side. The combined Forex transaction costs include the spread plus commissions.

Securities products are offered through Manhattan Beach Trading Financial Services, Inc. ("MBTFS"), member FINRA, SIPC. MB Trading Futures, Inc. (MBTF) is a CFTC registered RFED and member of NFA. MBTF offers execution and settlement services for futures based products and off-exchange foreign currency (Forex) products. 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 MBTF 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 1.95 in their base currency per 100k of executed currency for market orders and pays a client 1.95 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 1.95 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."

*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 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.