Skunk, traders are leaving MB Trading right and left. Where do you think the traders that are going to Cybertrader and JPR are coming from? I think what we should do is get a list of MB Traders who have left with their real names and phone numbers and post it on this thread.
You keep ducking a major question that has come up, why in the hell is MB Trading not a broker dealer.
Cybertrader is a broker dealer.
JPR is a broker dealer.
A B Watley is a broker dealer that has been around since 1958.
MB Trading is a branch office, and has been in business what 2 years or less?
Look at some of the posts I have pasted below from
elitetrader.com
Elite Forum
Brokers
MB Trading users
Posted 12/10/98 11:35 AM ET by DAP
I would like to hear from anyone that has used or is using MB Trading. I am getting ready to open account
with someone and they look good to me. Give me the good and the bad. Also, if they are not the best, who
is?
Posted 12/12/98 06:52 PM ET by Alex Imbastari
I just opened an account with them. THey are experiencing severe problems with their clearing company
-SouthWest Securities. They keep telling me that I'm not mapped or soemthing like that. They promised
that next week all will be fine. I'll give them another week, then I'm out of there.
Alex
Posted 12/14/98 01:35 PM ET by Tif
I just quit trading with MB. I think they're horrible. On more than one occasion, technical support hung up
the phone on me b/c "We're very busy here". They also had too many consistent technical failures. Don't
put your money there. It's not worth the risk.
Posted 12/14/98 09:19 PM ET by Fred
I have been using MB Trading for about 6 months. Overall I have been pretty happy, but unfortunately, as
noted above, their clearing house (Southwest Securities)has been a mess. In the last week for example,
SWS has had major computer problems which prevented MBT from having timely account reports for 5
days in a row (for my account, anyway). They claim that they are going to another clearing house soon, but
I know of no specifics in that regard. Aside from this problem, I can recommend them; in all candor
however, if they don't change clearing houses soon, I will be leaving too.
Posted 12/15/98 01:06 AM ET by phil
As you explore the options available to you, you may want to consider the following:
remotetraders.com
Regards,
Phil
Posted 12/15/98 09:29 AM ET by Eric
I have not used mb trading ever, but have generally heard good things. RML Trading has been my first day
trading experience and has been a great one. I have heard that southwest has had problem. RML Trading
uses Penson an I have been happy with them.
Eric
Posted 12/15/98 10:22 AM ET by Tif
MB said they were going to change clearing houses as early as six months ago. Well, that's where it
stopped, and they still keep saying they're going to change. All talk -- another reason I left.
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