MB Trading

Discussion in 'Retail Brokers' started by Gcapman, May 25, 2010.

  1. Gcapman


    How safe is MB Trading as a broker?

    I just don't want them going bust and me losing my entire deposit...I'm looking to trade S&P contracts and Euro contracts

    Thanks in advance!!


    I've been with MB almost 8 years. I now have 3 accounts with them. They clear thru Penson. SIPC coverage on accounts up to $500,000 with $100,000 in cash. Additional coverage thru Penson. I think they've been around since the late 1990's.

    They have a presence here on ET and also on SI (Silicon Investor).
  3. Gcapman


    Thanks for that info

    Would my futures account be safe?

    I plan to only do intra-day trading so my question is do they sweep cash into the protected portion eligible for SIPC should something happen to them? I know Interactive Brokers does it does for their futures clients -- since futures accounts are technically not eligible for SIPC in the event of firm insolvency.........


    I only trade stocks. Sent you a PM with contact info for the CEO who will likely answer anything.