MB Trading - ETFs?

Discussion in 'ETFs' started by gillevk, Dec 30, 2006.

  1. gillevk


    I haven't seen a single explicit which says they allow the trading of ETFs? Are they?
  2. jtnet


    what are you talking about did u visit their page?
  3. gillevk


    Yes I did..maybe i'm getting older..:) would you please send me a link to that explicit place? thanks..
  4. zdreg


    why does it have to be explicit? after determing you could trade stock would you ask can I trade GM?
  5. gillevk


    They have different commissions for bonds, mutual funds etc.
    I read in few places a comparison between IB and MBT. For example : "MUTUAL FUNDS. MBT customers can trade no-load mutual funds, but only by phone, and with a $50 per trade charge. Customers interested in buying load funds can call the MBT Trade Desk for pricing. IB customers cannot buy mutual funds, but can buy ETFs like any other stocks. So if you want to buy no-load mutual funds at a high charge, be my guest and say WINNER: MBT.

    So what about MBR costumers? can they "buy ETFs like any other stocks" ?
    I don't see a place where ETF's are reminded in MBT website.
  6. zdreg


  7. Yes, they can trade ETF's.

    Definition from Investor Words

    Exchange Traded Fund. A fund that tracks an index, but can be traded like a stock.

    Link for full definition from same.

  8. Look at it this way.
    An ETF is a stock. A closed end mutual fund, is a stock.
    They are listed on either NYSE, Nasdaq, AMEX, OTCBB.
    Therefore, anyplace that let's you trade "stocks", you can trade ETFs.