In continuation of TWI’s best stock broker for active traders, we will be looking at MB Trading. Other brokerages being reviewed this week include: thinkorswim and Interactive Brokers.
Also take a look at our stock broker reviews for all type of traders.
MB Trading is not well-known among many, but active traders I have spoke to rave about this discount stock broker. Recently rated 4.5 out of 5 stars by Barron’s, over the last couple of years MB Trading has been working hard on improving their services and tools. It has also been rated as one of the top brokers for frequent traders.
Why, because their commissions are extremely low:
- Stocks – Direct: $.01 per share for first 500 shares and $.005 per share for unlimited additional shares ($1 min) Smart: $4.95 for up to 10,000 shares and $.005 for additional.
- Options – $0.95 per contract per side (no min)
- Account minimum – $1000
Take a look at the complete pricing structure in the image below:
As you can see, with MB Trading you can trade stocks, FOREX, futures, options, and more. So you have many of the choices you need; however, don’t look here for long-term or other saving plans.
Main tools include a software-based application that has recently been completely overhauled.
Overall MB Trading is great for active traders looking to trade a lot and frequently. The low commissions allow you to minimize cost.
For those looking to enter the stock market, take a second to download my free guide to entering the stock market.