BrokAIr Reviews

Mb Trading Review

Mb Trading has quickly become one of the most well-known online brokerages, but does it really live up to its hype?

Did you like this broker?

Overview of MB Trading

MB Trading is a US-based online brokerage founded in 1999 that offers direct access trading for stocks, options, futures and Forex. It’s a subsidiary of TradeKing Group, a publicly traded company on the NASDAQ exchange. MB Trading is registered with the Financial Industry Regulatory Authority (FINRA) and is a member of the Securities Investor Protection Corporation (SIPC).

Pros and Cons

Pros:

Cons:

Founders of MB Trading

Thomas Ascher, the founder and CEO of MB Trading, has been in the financial services industry since 1990. Prior to founding MB Trading, Thomas held positions at firms such as Drexel Burnham Lambert and E*TRADE Financial. He has also served on the board of directors for several companies, including TradeStation Group Inc., Lightspeed Trading LLC, and TradeKing Group Inc.

James Ascher, CFO and President of MB Trading, has been in the financial services industry since 1994. James holds a BS degree in Business Administration from California State University Northridge and an MBA in Finance from UCLA. He has held positions at firms such as E*TRADE Financial and Ameritrade Holding Corporation. James has also served on the board of directors for several companies, including TradeStation Group Inc., Lightspeed Trading LLC, and TradeKing Group Inc.

Public Opinion on MB Trading

Investopedia: overall rating 4 stars; “MB Trading provides an excellent choice for traders who want one of the best executions in the industry combined with great customer service”

StockBrokers.com: overall rating 3.8 stars; “MB Trading is an excellent choice for traders looking for low per-trade costs combined with great customer service”

Newsworthy Events Around MB Trading

MB Trading Acquires TradeKing Group : In 2016, MB Trading acquired TradeKing Group, a publicly traded firm on the NASDAQ exchange, to form a new company called TradeKing Group Inc.. The acquisition was designed to create a more comprehensive offering for investors by combining MB Trading’s direct access trading technology with TradeKing Group’s online investing and financial education products.