MB Trading Keeps FDM Withrdraws FCM License

Viewers of the NFA’s site will notice that under information for US broker MB Trading, it is currently that listed under the firm’s status it lists “Futures Commission Merchant Pending Withdrawal”. Simultaneously the firm is registering to become an Introducing Broker. In addition, the broker continues to be registered as a Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Dealer Member (FDM) and Retail Foreign Exchange Dealer (RFED) without mention of any pending Forex license withdrawals.

To learn more about MB Trading’s exit as an FCM, while remaining an FDM means, we reached out to the broker for comment. Management explained to us that “MB Trading Futures still maintains its RFED/FDM status to allow us to offer Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term, and MB Trading Futures continues to introduce futures trading on a fully disclosed basis. The FCM was withdrawn for internal business reasons only.”

After the finalization of the process, MB Trading, who as of the end of March had retail forex funds of $40.3 million, will continue to offer retail forex trading in a similar matter to how they do now. In regards to futures, their offering will apparently be provided through their Introducing Broker license that they are acquiring.