Quote from gusmarone:
Is MB trading worth a try?
No, hell no. Read my review. It's a total clusterfuck dealing with them.
They don't even know how to follow simple instructions (ie depositing money into the correct account, when the acct number is written on the check...among other things) and then treat you like shit when you call after a week or two wondering where your deposit is. I wasn't even rude or angry but the guy acted like a teenager that just got grounded or something. Not trying to sensationalize things, but it was seriously shocking how this dude acted when I called. He was even watching TV in the background. It was outrageous. As if it were no big deal for my deposit check to just vanish for a couple weeks and that I was an asshole and impatient for bothering him about it.
P.S. At the time, I worked at the bank I wrote the check from, so I know there were no processing errors or holds on my end. It was a cashier's draft as well, so nothing sketchy. In fact, the check was paid within a couple days of my sending it, so they were actually sitting on the money.
Is it a true ECN?
There was actually a post around here somewhere if I remember correctly that actually explained that they actually were NOT an ECN, but they had set everything up to FUNCTION and give the IMPRESSION of being an ECN while still being somewhat of an MM. It was interesting, and I'll try to dig it up.
I can't say with certainty at this point if they are an ECN or not, but hey are very fly-by-night and it wouldn't surprise me in the least if that were true.
They are the epitome of a shady FX broker. Not sure about their futures and stocks, as they are more regulated and MB probably can't get away with anywhere near as much shady BS on that side....but as far as FX goes, it's a nightmare.
