what happened to MB Trading?

Where did they go? (on FF anyway) Besides the recent fine, did they do something to get kicked off this sight?

May 14, 2013


CFTC Orders MB Trading Futures Inc., a Registered Retail Foreign Exchange Dealer, to Pay $200,000 Penalty to Settle Charges of Violating Minimal Financial Requirement Rules

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against MB Trading Futures Inc. (MB Trading), a registered Retail Foreign Exchange Dealer (RFED) of El Segundo, California, for failing to comply with minimum financial requirements for registered RFEDs and Futures Commission Merchants (FCMs) that offer or engage in retail off-exchange foreign currency (forex) transactions. MB Trading has been registered with the CFTC as an FCM since February 28, 2006 and as an RFED since September 9, 2010.


Effective October 18, 2010, the CFTC adopted comprehensive new rules to protect individual investors that buy forex contracts from, or sell forex contracts to, forex firms. Under these rules, RFEDs and FCMs that offer or engage in retail forex transactions must at all times maintain adjusted net capital of $20 million, or more in some circumstances, and hold enough assets to meet or exceed their total retail forex obligations to customers. The new rules impose several restrictions on the types of funds that firms can include in their adjusted net capital and asset computations.


According to the CFTC Order, for more than 16 months after adoption of the new rules, between October 18, 2010 and March 1, 2012, MB Trading improperly included certain funds held in four accounts in its adjusted net capital computations. After excluding those funds as required, the Order finds that MB Trading failed to meet its adjusted net capital requirements for 456 calendar days between October 18, 2010 and March 1, 2012.


During the same period, MB Trading also improperly included certain funds held in two of the same accounts, along with funds held in a third account, in its asset computations, according to the Order. After excluding those funds as required, the Order finds that MB Trading failed to hold enough assets to meet or exceed its total retail forex obligation to customers for 501 calendar days between October 18, 2010 and March 1, 2012.


Had these funds properly qualified under the regulations, MB Trading would have complied with its adjusted net capital and asset requirements, according to the Order.


The CFTC Order imposes a $200,000 civil monetary penalty and a cease and desist order on MB Trading for these violations. The Order notes that in settling this matter, the CFTC took into account MB Trading’s cooperation and the corrective action it undertook after its deficiencies were discovered.

The CFTC appreciates the assistance of the National Futures Association.


CFTC Division of Enforcement staff responsible for this action are Stephanie Reinhart, Melissa Glasbrenner, William Janulis, Scott Williamson, Rosemary Hollinger, and Richard Wagner. Tom Bloom, Kurt Harms, Justin Beebe, and Lauren Fulks of the CFTC’s Division of Swap Dealer and Intermediary Oversight also assisted in this matter.



Last Updated: May 14, 2013

sounds like they was playing a little game with cftc with funds to cover there minimum financial requirements, they didnt have the money to cover so they try to cheat and got busted

sounds like a lot of assumptions on your part

Who Cares?

MBTrading is still THE best Broker for forex trading. Nr. 1

Only downside is their low leverage. They offer only 50:1. The don't even offer 100:1.

What would be outstanding if someone would create a Introducing Broker to MB Trading, with a leverage of 500:1. I would pay em to do this.

Why the best broker got penalty?

Hi 8fingers,


We weren't kicked off the site, but we did choose to stop advertising here and therefore our thread was moved to the Commercial forum. If you want to reach out to us, that would be the place as we are still activity monitoring it.

Justin! I missed you! I posted a question for you a while back in the broker forum and you never answered. I think I called the help desk and got my question answered. Glad to see that you still monitor activity here. I will remember to post my questions in the commercial forum, from now on.

You guys are still pretty much one of the best US based brokers! Kudos to you and your team for doing such a great job!

Thanks for the reply. I have a couple of live accounts there. No issues of any note. And the MOST important thing to me as a Trader, they have never failed to mail a Profit check promptly. I do wish I could check out the operation though?

Never got a speeding ticket, a fine for false parking or something similar? I did. Can happen to the best

Did you set up an ACH link to your bank account? I get my withdrawals the very next day, directly deposited into my bank account.

No. I will now. Thanks for the info

no problem! When you log in to the website, there is an ACH authorization form that you need to fill out and mail to them. Takes about 2 weeks to set up. Once it's set up, you can go to the "Electronic Transfer" tab in account management and make transfers. The limit is $30K every 30 days for withdrawals and $10K every 30 days for deposits. I just requested a withdrawal Thursday morning and the money was in my bank account Friday morning. Doesn't get easier and faster than that!

there switching over to tradeking who the ______ is tradeking?

they stopped retail business.

no more ECN you guys will be switching to forex.com thru tradeking

http://www.mbtrading.com/fxtransfer/...ex-trader.aspx