You are correct, MBAE Free does provide real-time protection for browsers and plug-ins.
I stand corrected on that.
However, it is NOT an anti-malware application. Simply put, MBAE (Free or Premium) protects against the "how" of malware, while MBAM and your AV protect against the "what" of malware.
It is an anti-exploit application. But, yes, the Free version is Free and it does shield some browsers.
MBAE (Free or Premium) does not replace either your anti-virus application or your anti-malware application.
So, as I said before, MBAM Premium, EAM and HitmanPro.Alert -- all of which are anti-malware applications -- are all paid products.
And, AFAIK, there are no good, real-time, EDIT: FREE anti-malware applications.
MBAE Free is a free anti-exploit product (and the Premium version may be configured to protect ANY internet-facing application, not just the default browsers and plug-ins).
OK, this makes my head hurt.
Edited by MoxieMomma, 11 August 2016 - 04:05 PM.