MB Trading - Need details

G

gillevk

For those who trade with MB Trading :
I think that Stocks trading - "PLAN A" would be the best choice for me, since i'm starting with small amount of money with this broker...
They say it's only 1 cent per share for first 500 shares and minimum fee of 1$.
Lets just assume that for the beginning i'm taking the basic level-2 MB client software for free.
Are there any additional fees ? i'm not sure I fully understand other fees like : inactivity fees, account maintenance fees, routing fees per buy/sell trade or any other monthly / yearly / per trade fees.
Will be greatful to get a clear answer from an MB trading costumers..
 
I've never had any other fees besides commissions and any margin interest when I take home positions overnight using their money.

I think they may have a small fee for Level II if you don't have $25K in your account or do some required number of shares per month. I also get price improvement about 10-15% of the time on both buys and sells.

Right now they're paying me 4.35% or so on my idle cash through Penson.
 
You must log in or register to reply here.
Back
Top