A follow-up on the topic of MB Trading’s acquisition by TradeKing…
MB Trading has announced that it stopped directly supporting Forex trading on Friday, October 23, 2015.
As a result, MB Trading Desktop Pro forex accounts were migrated to the TradeKing ForexTrader platform. MB Trading MetaTrader 4 Forex account balances were moved to a new TradeKing Forex MetaTrader 4 (MT4) server.
TradeKing Forex acts as an introducing broker to GAIN Capital Group. In an email sent to MB Trading FX customers earlier this month, the broker said that GAIN Capital Group, LLC, will retain custody of its clients’ accounts, act as counterparty, and handle clearing related to their trading activities. MB Trading Futures reiterated that it had worked closely with TradeKing Forex to ensure the seamless transfer of trading accounts to GAIN Capital Group, LLC.
The website of the National Futures Association (NFA) shows that the watchdog is reviewing MB Trading’s applications for withdrawal as a forex dealer member and retail foreign exchange dealer.
Find out more on the account transfer and the acquisition by clicking here.