MB Trading: 12 day hold on check deposits

Quote from Spydertrader:

Bundlemaker nailed it.

- Spydertrader
More...

Thank you all. If this is common practice I don't mind. I guess I didn't run into this before since my checks were sen't to already established accouns with funds in them.
 
Another solution, if MB offers the service, is ACH transfer which is "free" and fast.

I just checked the MB website; here is a copy of their information about ACH:

"ACH Transfer - Coming Soon!
Electronically transfer funds from your checking or savings account to your MB Trading account"

Sorry, maybe later!
 
well,

Then you should not be able to withdraw within 12 days, but you should be allowed to trade...


Quote from bundlemaker:

This is pretty standard. Some brokers are much longer. In this day and age of paper fraud, I don't much blame the brokers. That's why I always wire funds, not worth the hassle of waiting.
More...
 
Quote from GTC:

Could anyone comment on MBTX's executions versus MBTR's executions?
More...

I have not used MBTR but Ross (of MBT) commented on SI about MBTR vs. MBTX.

-----------------------------------------------------
Will orders routed to MBTR have less liquidity and thus, might the executions possibly be inferior to MBTX routed trades?

>>>Yes, exactly.

------------------------------------------------------

My guess is that someone taking longer term swing or position trades might choose to go with the new commission plan that uses MBTR but a more active trader would likely prefer to have the better executions and more liquidity of MBTX.
 
Quote from joeyata1:

i noticed mb took away the .004 no ecn fee rates? why did they do that?
More...

WOW! One of the reasons I switched to them last week was their new .004 rate. Surprise: it's gone. I'll call them on Monday.
 
You must log in or register to reply here.
Back
Top