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Your experience with MB Trading?


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Your experience with MB Trading?

  #1 (permalink)
 SpyderTrader 
Chicago, Illinois
 
Experience: Beginner
Platform: Esignal
Trading: ES, NQ, Crude
Posts: 120 since Apr 2012
Thanks Given: 12
Thanks Received: 223

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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  #3 (permalink)
 
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 GridKing 
San Diego, CA USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
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  #4 (permalink)
 SpyderTrader 
Chicago, Illinois
 
Experience: Beginner
Platform: Esignal
Trading: ES, NQ, Crude
Posts: 120 since Apr 2012
Thanks Given: 12
Thanks Received: 223

Whoops, the format came out strange, here is the comparison again.

Looks great, but seems too good to be true:




NQ.....IB Margin 1250, MBTrading Margin 625

CL.....IB Margin 3511, MBTrading Margin 1721

GC.....IB Margin 10125, MBTrading Margin 2531

6E.....IB Margin 4860, MBTrading Margin 1182

YM.....IB Margin 1563, MBTrading Margin 781

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
Started this thread
  #5 (permalink)
 
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 Big Mike 
Manta, Ecuador
Site Administrator
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Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,175
Thanks Received: 101,541

I am closing this thread. It is a duplicate of an existing thread:



Please help keep nexusfi.com (formerly BMT) organized by searching before you start new threads.

Thank you,
Mike

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Last Updated on May 7, 2012


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