So I've been doing some research of the other brokers out there.
I've had an account with Interactive Brokers forever....well over 5 years and I love them.
My only problem is their margin requirements seem to be skyrocketing every year.....to the point where now they simply match up with whatever the CME requirements are.
I recently discovered MB Trading, and noticed the the following intra-day comparisons:
Security IB Margin MBTrading Margin
NQ 1250 625
CL 3511 1721
GC 10125 2531
6E 4860 1182
YM 1563 781
Looks like the margin requirements for MB Trading are astonishingly low.
The other main reason I like them is they are SIPC insured....which separates them from all the brokers that are popular on this forum.....such as Mirus, Velocity, Advantage, and so on.
Usually brokers with insanely low margin requirements don't have SIPC insurance.....so thats what makes MB Trading very unusual.
Can anyone tell me about their execution on fills?
Are you scared of their relation to Penson, which seems to be going bankrupt very soon?
Interactive Brokers is hands down the best broker on the planet....but their margin requirements suck.
I need some other ones, MB Trading fits the bill....but questions remain.
Post on here with your thoughts.
Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
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