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Registered User
Joined: 12/2/2004
Posts: 1,775
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I've always been quite pleased with Ameritrade's reliability and ease of use for my active trading account (swing trading). And the fact that AMTD integrates very well with Medved Quote Tracker. However, if Ameritrade merges with Etrade I may look for another broker. I also have an account with Etrade for my longer term investing stocks, so I know that platform well too. MB Trading looks interesting...lower commissions for my style of trading is nice, plus the fact MB also integrates with my beloved QT, and imports to Gainskeeper as does AMTD and ET. Request opinons, feedback, from current MB Trading customers. Utmost importance to me favors reliability (speed, streamer feed, etc.) over commission charges. Thanks.
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Registered User
Joined: 10/7/2004
Posts: 2,126
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MB trading is a direct access broker. If you trade bigblocks you will pay dearly.
If you trade small under 1000 shrs and rely on speed this is the way to go.
MB trading offers a superb service.
good luck
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Registered User
Joined: 12/2/2004
Posts: 1,775
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Thanks BigBlock...so now I understand why that call you BigBlock:). Yes, since most stocks I trade average about $10, rarely would I be making any trades of much over 1000 shares, so MB's $.01/share first 500 shares, and only a half cent for each over 500 would definitely save me commission costs. MB also has "plan B," which charges a flat 9.95 for any size trade, so that's always an option if I started trading a lot of 2000+ share trades. What I really like about their "plan A" is that I can scale into or out of a stock in 100 share increments for only $1 a trade! I tend to do that a lot especially once I've got profits running on a stock. I'm starting to like MB more and more.
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Registered User
Joined: 10/7/2004
Posts: 11
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Have been using MB among several other brokers for about a year, not problems, very satisfied. Each have their own advantages. The one anoying feature with MB that I will comment on is the basis that shows up in multi day trades (within the platform) does not carry over correctly. So each day you are looking at an adjusted basis for the day. More of an annoyance than anything.
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Registered User
Joined: 12/2/2004
Posts: 1,775
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Edisto, thanks for feeback. Since I firt posted this topic I have investigated deeper and will open a margin MB account pretty soon with a small balance to test the waters...if satisfied will gradually start liquidating my AMTD account and moving funds to MB, but will keep my ET account I use for longer term positions. Talked to Jerry Medved at Quote Tracker and he told me one thing different about MB is that I must have its trading platform open and running (MBT Navigator) even if I never use it before I can use MB/QT integrated platform. Something about AMTD and ET data being fed over the open web, with MB's data feed only through their own servers. I think that's why MB is able to supposedly show literally every tick/trade, whereas AMTD and ET consolidate. The one thing I found out that MB does not have and that I will really miss is ACH funds transfer. AMTD and ET both have it with no fee for using. Like you say, no one broker is perfect.
Cheers
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