Closing Down My MB Trading Account
So it looks like MB Trading are no more.
I received an email from MB Trading today
Dear Valued Client,
As part of TradeKing’s acquisition, MB Trading has made arrangements to assign its Forex accounts to TradeKing Forex. Unfortunately, due to a variety of possible factors, we are not able to transfer your account to TradeKing Forex, and it will be closed on Tuesday, October 20, 2015. Please close out any open positions and submit a withdrawal request for all funds prior to the market close on October 20, 2015.
So it looks like MB Trading are no more.
To be honest I’m not totally surprised. For a commission based broker, their spreads were surprisingly poor. For example on AUDUSD, I was seeing spreads of 1.2-1.5 whereas my other commission based accounts had 0.3 to 0.8 pip spreads at the same time. And their leverage was limited to 1:50. So I was struggling to find a reason to use them with my trading.
on 14.10 I had a trade on FXChoice: 2 trades 5.4 and 4.0 pips = 9.4 pips in
total, tallinex: no trades, nowwe have RSM
I quit MB Trading due to their restricted parameters.