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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: funk who wrote (3171)	1/7/1999 10:52:00 PM
From: scanshift	Respond to of 7382

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.

To: funk who wrote (3171)	1/8/1999 1:47:00 AM
From: Nukeit	Read Replies (2) \| Respond to of 7382

Hi funk, I would leave the link because there are a lot of people out there that do not realize what the software looks like. (Me included) Compared to my Model T graphics, that looks great. I have just joined MB and waiting for a transfer to my new account. Anything would be better than where I left. (American Express) How would you like to put in a buy order with delayed quotes and then wait 5 or more minutes to confirm that they received your order. Hours to days to then post the trade amount to your online account. After 2 years of being there I think that I could trade online about 75% of the time, do to computer problems. They do have good customer service however. You had to call in to make trades while the system was down. Also whoever they sent trades to for order flow was terrible. Multiple times I could not even get a market order at the bid or ask price. I will probably faint if I get my order in and back within 5 minutes. Anyway I hope to have a better experience with MBT. I have not used realtime online trading and appreciate your helpful post. My ISP provider only provides for 28kbps. Do you know if a satellite connection is possible? I am also thinking about moving to the city to get ISDN from UUNET. Anybody have any problems with them? I read that you are using a single line. Is this fast enough for all your needs? I have 2 computers and was thinking about getting 2 lines, or would this be overkill? Any comments from you IT people would be welcome? Thanks in advance for your help. Regards jb