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By using this website and or its services, you agree that neither MultiBank Group nor any of its affiliates and service providers will be held responsible for the accuracy of any information available on this site. Although information on this site is provided in good faith and is believed by MultiBank Group or its affiliates to be accurate, there are no explicit or implicit warranties of accuracy or timeliness made by MultiBank Group or its affiliates and service providers regarding this information. Furthermore, in visiting this site and in opening an MultiBank Group or its affiliates Forex trading account you agree not to hold MultiBank Group or any of its affiliates and service providers liable for any decisions you may make based on the information you obtain on this website or websites we link to. It is recommended that you make your decisions only after you have reviewed information and collected opinions from several credible sources and have verified ALL facts you need to know about Forex trading from other independent sources. MultiBank Group and its web hosting providers and its affiliates shall in no event be liable for any damages and or loss resulting from interruption of website service or the inability to use our website. Unless stated otherwise, material on this site is copyright of MultiBank Group. MultibankFX is the trading name of Multibank FX International Corporation (BVI) Company No. 1377324.

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MultiBank Group Review 2021

Updated: By
FX Empire sticks to a strict review standards.Learn how we make money and our review methodology.
MultiBank Group Main Features
☑️
Regulations
ASIC (Australia), FMA (New Zealand), DFSA (United Arab Emirates), FSC (Mauritius), CNMV in Spain (Spain), BaFin (Germany), CIMA (Cayman Islands)
️🗺
Supported Languages
English, Spanish, Arabic, Russian, Chinese, Filipino, Vietnamese, Malaysian
💰
Products
Currencies, Commodities, CFDs, Indices, Stocks
️💵
Min Deposit
$50
💹
Max Leverage
1:500 (ASIC), 1:500 (FMA), 1:500 (DFSA), 1:500 (FSC), 1:500 (CNMV in Spain), 1:500 (BaFin), 1:500 (CIMA)
🖥
Trading Desk Type
ECN
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By using this website and or its services, you agree that neither MultiBank Group nor any of its affiliates and service providers will be held responsible for the accuracy of any information available on this site. Although information on this site is provided in good faith and is believed by MultiBank Group or its affiliates to be accurate, there are no explicit or implicit warranties of accuracy or timeliness made by MultiBank Group or its affiliates and service providers regarding this information. Furthermore, in visiting this site and in opening an MultiBank Group or its affiliates Forex trading account you agree not to hold MultiBank Group or any of its affiliates and service providers liable for any decisions you may make based on the information you obtain on this website or websites we link to. It is recommended that you make your decisions only after you have reviewed information and collected opinions from several credible sources and have verified ALL facts you need to know about Forex trading from other independent sources. MultiBank Group and its web hosting providers and its affiliates shall in no event be liable for any damages and or loss resulting from interruption of website service or the inability to use our website. Unless stated otherwise, material on this site is copyright of MultiBank Group. MultibankFX is the trading name of Multibank FX International Corporation (BVI) Company No. 1377324.

MultiBank Group Full Review

“MultiBank Group (MultiBank) is a globally regulated broker offering clients the ability to trade on more than 20,000+ markets across Forex, Indices, Shares, Commodities and Cryptocurrencies from the globally recognised MetaTrader 4 and MetaTrader 5 platforms. ”

MultiBank Group (MultiBank) was founded in California, USA in 2005 and is headquartered in Dubai. It is regulated globally by 11 different regulators across 5 continents including by ASIC, BAFIN, CIMA, DFSA and others. The focus for this review is the services offered on the https://multibankfx.com website.

Clients have the ability to trade on more than 20,000+ markets covering Forex, Indices, Shares, Commodities and Cryptocurrencies all through popular trading platforms MetaTrader 4 and MetaTrader 5 which can be accessed on Windows, Mac, Web and Mobile platforms.

The broker offers clients three main account types called Standard, Pro and ECN as well as demo and Islamic trading accounts. Spreads start from 0 pips with a maximum leverage of 500:1.

There is a great range of additional trading features clients can access including Virtual Private Servers (VPS), Expert Advisors, MAM & PAMM Accounts, FIX API, and Social Trading.

Deposits and withdrawals are all fee-free and there are a large number of payment methods to choose from including debit/credit card, bank transfer, and e-wallets such as Skrill, Neteller and Perfect Money. Customer support is offered 24/7 in multiple languages via live chat, email and phone.

Pros: Cons:
  • Regulated across four continents.
  • 20,000+ markets to trade on.
  • MetaTrader 4 and MetaTrader 5 available.
  • Commission-free trading available.
  • ECN Trading accounts available.
  • Limited research or educational material

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
Read More

Review Sections

Investor Protection & Regulations

“MultiBank Group (MultiBank) is authorised and regulated by multiple regulatory bodies across four continents including BaFin, ASIC, FSC, FMA, DFSA, CNMV and CIMA.”

MultiBank Group (MultiBank) is authorised and regulated by multiple regulatory bodies across four continents including the German Federal Financial Supervisory Authority (BaFin), Australian Securities and Investments Commission (ASIC), Financial Services Commision of the British Virgin Islands (FSC), Financial Market Authority Austria (FMA), Dubai Financial Services Authority (DFSA), National Securities Market Commission of Spain (CNMV) and Cayman Islands Monetary Authority (CIMA).

Below is a screenshot which confirms registration and authorisation of MultiBank Group by ASIC:

Other licences and regulations can be confirmed on the relevant regulator’s register. MultiBank provides further security of client funds by following the below regulatory requirements:

  • Holding client funds in segregated accounts from company funds.
  • Providing a negative balance protection policy.

Tradable Products

“MultiBank Group offers clients the ability to trade on more than 20,000+ markets covering Forex, Indices, Shares, Commodities and Cryptocurrencies.”

MultiBank Group offers clients the ability to trade on more than 20,000+ markets covering Forex, Indices, Shares, Commodities and Cryptocurrencies. Below is a list of just some of the available markets for trading:

Forex Indices Shares
EURUSD UK100 Amazon
GBPUSD US500 Facebook
USDJPY US30 Tesla
EURJPY DAX30 Netflix
GBPAUD Commodities Cryptocurrency
NZDUSD US Crude Bitcoin
AUDUSD US Crude Ethereum
EURGBP XAU/USD Litecoin
USDCAD XAG/USD Ripple

* Details regarding the available assets are taken from the MultiBank Group website and trading platform and are correct at the time of this review. You can find a more detailed list here.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

“MultiBank offers clients three main account types called Standard, Pro and ECN as well as Demo and Islamic trading accounts.”

MultiBank offers clients three main account types called Standard, Pro and ECN as well as Demo and Islamic trading accounts. Each account comes with different features and benefits and a brief summary of each account is shown below:

ECN Pro Standard
Leverage Up to 1:500 Up to 1:500 Up to 1:500
Minimum Account Size $5000 $1000 $50
Spreads from 0.0 0.8 1.5

Users can open a new account in just a few minutes. After clicking the ‘Open A Trading Account’ button on the broker’s homepage, users are asked to register with their name, email and phone number. Following this, users will be prompted to provide further personal details such as client type (individual, joint, corporate etc), platform version (MT4 or MT5), platform type and more.

The final steps include identity verification by submitting proof of identity (passport or driving licence) and employment status. Once the form has been submitted users may be contacted by the customer support team for any further documents that are needed.

The application for a live account is shown below:

MultiBank Group does not accept clients from the USA and Japan.

Deposit & Withdrawals Options

“MultiBank offers a variety of fee-deposit and withdrawal methods including by debit/credit card, bank transfer and e-wallets such as Skrill, Neteller, Union Pay, PayTrust, GlobePay, Bitcoin and more.”

MultiBank offers a variety of fee-deposit and withdrawal methods including by debit/credit card, bank transfer and e-wallets such as Skrill, Neteller and more. However, available payment options do depend on which regulated entity your account is registered with.

Both deposits and withdrawals are completely free, including bank transfer and processing times for all methods are within 1 business day. Clients can make deposits and withdrawals once logged into MyMultiBank and click on “Funding” followed by “Deposit” or “Withdrawal”.

Further details regarding payment options and the withdrawal options can be found here.

Web & Desktop Trading Platforms

“MultiBank offers clients the ability to trade on popular platforms such as MetaTrader 4 and MetaTrader 5 across Windows, Mac and Web. They also have a social trading platform.”

MultiBank Group offers clients the ability to trade on globally popular platforms such as MetaTrader 4 and MetaTrader 5 across Windows, Mac and Web. You can also access a social trading platform.

MultiBank Web Platform

The MultiBank Group Web trading platform is available across most browsers and offers features such as:

  • No download needed
  • Multiple asset classes
  • Great range of technical tools and indicators
  • Can use on PC or Mac

MultiBank MetaTrader 4

  • Fully customisable
  • Advanced charting capability
  • Automated Trading
  • Over 30 built-in indicators

MultiBank MetaTrader 5

  • Superior Charting
  • Enhanced scripting tools
  • 80+ analysis tools
  • Free-market news and economic calendar

A screenshot of the MultiBank MetaTrader 5 platform is shown below and is covered in more detail in the video review.

Mobile Trading Platforms

“MultiBank offers users the ability to access mobile trading on the go from the MetaTrader 4 and MetaTrader 5 mobile trading apps for Android and iOS systems.”

MultiBank Group offers users the ability to access mobile trading on the go from the MetaTrader 4 and MetaTrader 5 mobile trading apps for Android and iOS systems. The app download links can be found in the Google PlayStore or Apple AppStore.

The MultiBank Group mobile trading app provides a range of different features including:

  • Trade and manage your account on the go
  • Access real-time pricing and trading
  • Extensive product offering
  • Charting and live trading

The MultiBank Group mobile trading app is covered in more detail in the video review.

Trading Features

“MultiBank provides clients with additional trading features such as access to Virtual Private Servers (VPS), Expert Advisors, MAM & PAMM Accounts, FIX API, and Social Trading.”

Multibank offers clients access to free virtual private servers (VPS) through reliable third-party vendors. The benefits of this include lower latency and faster execution, compatibility with all operating systems, accessible anywhere anytime without the need to install an MT4 terminal, and users can continue trading even where their PC is off. FIX API is also an option for institutional and high-volume clients looking for direct access to markets, providing the best prices and conditions.

Users with the desktop platforms of MetaTrader 4 and MetaTrader 5 can also use expert advisors to automate their trading with no restrictions. Users can also register for a master account to access Social Trading – Investors are those who would like to copy other traders whereas Signal Providers are experienced traders who share their trading operations, thereby allowing Investors to copy their trading.

Additional features include MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) accounts which allow users to manage multiple accounts from a single account. These include benefits such as:

  • Allows Expert Advisor (EA) trading of managed accounts from client-side
  • Overview of open trades, balances and margin levels for several accounts
  • Manage and trade multiple accounts simultaneously
  • Live order management monitoring within MAM including P&L
  • Allows Trade station signals to be traded on the MT4 platform (separate module)

Commissions & Spreads

“The Multibank Standard and Pro accounts are commission-free with the ECN account commission-based.”

Multibank offers a selection of commission-free and commission-based account types. MultiBank Standard and Pro accounts are commission-free whereas the ECN account is commission-based with spreads from zero.

Commissions for ECN pro accounts is $3 per share, however, this is only charged for opening the trade not closing, and $3 per lot per trade on currencies.

Further, average spreads vary for each account and are shown below:

  • ECN from 0.0 pips
  • Pro from 0.8 pips
  • Standard from 1.4 pips

For Non-Islamic accounts, overnight funding or ‘swap’ fees are charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day swap charge will be charged on Wednesdays.

A $60 (per month) inactivity fee also applies if no trades are placed or there are no open positions on the account for three consecutive months.

Bonus & Promotions

“MultiBank does offer multiple types of bonuses to clients however these are only applicable to those outside the EU.’’

MultiBank does offer several types of bonuses to clients however these are only applicable to those outside the EU. At the time of writing the below bonuses are available:

  • 100% bonus (up to a maximum of $20,000), available on the MT4 Maximus and MultiBank Pro Platforms and to new clients only. It is a non-losable bonus that does not qualify for a rebate. It can only be used to trade gold and forex.
  • Additional 20% bonus (up to a maximum of $40,000). This bonus is losable, must be used within 3 months of account opening and can be withdrawn at a rate of $200 for every 80 lots round trip traded.
  • Imperial bonus is a volume-based bonus applicable to clients making their initial deposit. Traders must trade up to the specified number of lots to qualify for the additional bonus. The bonus starts from $40 for 40 lots traded to as high as $5,000 for 1,520 traded lots.
  • Refer a friend bonus is applicable when the specified number of lots traded by the friend is reached. This starts from $100 for 25 lots traded to $400 for 100 lots traded.

Further details regarding bonuses can be found here.

Customer Support

“MultiBank Group offers multilingual customer support 24/7 via phone, email and live chat. Clients can also submit enquiries through a form on the ‘Contact Us’ page.”

MultiBank Group offers multilingual customer support 24/7 via phone, email and live chat. Clients can also submit enquiries through a form on the ‘Contact Us’ page.

After submitting a question through the live chat we were connected to an agent who answered our question in 3 minutes, as shown below:

Contact Information:

  • Address:
    • Business Bay, Dubai
  • Email:
    • cs@multibankfx.com
  • Phone:
    • +800 685842265
  • Social Media:
    • https://www.facebook.com/multibankgroup/
    • https://twitter.com/multibankgroup
    • https://www.linkedin.com/company/multibankgroup/
    • YouTube

Research

“MultiBank live account clients receive a free daily newsletter and clients can access news feeds and an economic calendar through the MetaTrader platforms.”

MultiBank live account clients receive a free daily newsletter and clients can access news feeds and an economic calendar through the MetaTrader platforms. The broker also provides some fundamental research on its social channels.

For example, a recent Facebook post shows a quick text and video update on gold. These posts are informative and easy to understand.

Trader Education

“MultiBank offers limited trader education but does have some educational posts on their social channels.”

MultiBank offers limited trader education but does have some educational posts on their social channels, covering different topics such as technical analysis. The screenshot below shows a recent on the broker’s Facebook page discussing trend lines. The information is good and digestible in short form.

Trading Experience

“MultiBank provides a great all-round service to clients providing them access to trade on more than 20,000+ markets across Forex, Indices, Shares, Commodities and Cryptocurrencies from the globally recognised MetaTrader 4 and MetaTrader 5 platforms.”

From our observations, MultiBank provides an edge with its low trading costs and broad market accessibility. Clients can choose to trade 20,000+ markets across Forex, Indices, Shares, Commodities and Cryptocurrencies all through the popular trading platforms MetaTrader 4 and MetaTrader 5.

Clients have multiple account options to suit their trading style – with both commission-based and commission-free account types available. ECN Pro accounts can benefit from the tightest spreads in the industry with low FX fees whereas MuliBank Pro and Maximus account holders can still benefit from competitive spreads with zero commission.

There are also a large number of trading features available to those who want the very best execution and trading uptime through Virtual Private Servers (VPS) and FIX API. Further, clients who would like to manage several accounts under one single account can open a MAMM or PAMM account.

FAQ

Is MultiBank Group regulated?

Yes, by BaFin, ASIC, FSC, FMA, DFSA, CNMV and CIMA.

Where is MultiBank Group based?

Vision Tower, Business Bay, Dubai – 33rd Floor

How does MultiBank Group make money?

MultiBank Group makes money mainly through spreads, commissions and swaps on certain asset classes.

How do I deposit in MultiBank Group account?

Funds can be deposited via debit/credit card, bank transfer and e-wallets such as Skrill, Neteller, and more.

What is the min. deposit for MultiBank Group?

The minimum deposit is $50.

How do I withdraw money from MultiBank Group?

Withdrawals can be made via debit/credit card, bank transfer and e-wallets such as Skrill, Neteller, and more.

What is the max leverage in MultiBank Group?

Leverage is offered up to 1:500.

How do I open an account with MultiBank Group?

An account can be opened at the click of a button on the MultiBank Group website and can be done in just a few steps.

Does MultiBank Group use MetaTrader?

Yes, MetaTrader 4 and MetaTrader 5.

Conclusion

“MultiBank Group (MultiBank) is a globally regulated broker offering clients the ability to trade on more than 20,000+ markets across Forex, Indices, Shares, Commodities and Cryptocurrencies from the globally recognised MetaTrader 4 and MetaTrader 5 platforms. ”

MultiBank Group (MultiBank) was founded in California, USA in 2005 and is headquartered in Dubai. It is regulated globally by 11 different regulators across 5 continents including by ASIC, BAFIN, CIMA, DFSA and others. The focus for this review is the services offered on the https://multibankfx.com website.

Clients have the ability to trade on more than 20,000+ markets covering Forex, Indices, Shares, Commodities and Cryptocurrencies all through popular trading platforms MetaTrader 4 and MetaTrader 5 which can be accessed on Windows, Mac, Web and Mobile platforms.

The broker offers clients three main account types called Standard, Pro and ECN as well as demo and Islamic trading accounts. Spreads start from 0 pips with a maximum leverage of 500:1.

There is a great range of additional trading features clients can access including Virtual Private Servers (VPS), Expert Advisors, MAM & PAMM Accounts, FIX API, and Social Trading.

Deposits and withdrawals are all fee-free and there are a large number of payment methods to choose from including debit/credit card, bank transfer, and e-wallets such as Skrill, Neteller and Perfect Money. Customer support is offered 24/7 in multiple languages via live chat, email and phone.

  • Global regulations
  • MetaTrader 4 and MetaTrader 5
  • Commission-free trading available
  • ECN spreads available
broker

By using this website and or its services, you agree that neither MultiBank Group nor any of its affiliates and service providers will be held responsible for the accuracy of any information available on this site. Although information on this site is provided in good faith and is believed by MultiBank Group or its affiliates to be accurate, there are no explicit or implicit warranties of accuracy or timeliness made by MultiBank Group or its affiliates and service providers regarding this information. Furthermore, in visiting this site and in opening an MultiBank Group or its affiliates Forex trading account you agree not to hold MultiBank Group or any of its affiliates and service providers liable for any decisions you may make based on the information you obtain on this website or websites we link to. It is recommended that you make your decisions only after you have reviewed information and collected opinions from several credible sources and have verified ALL facts you need to know about Forex trading from other independent sources. MultiBank Group and its web hosting providers and its affiliates shall in no event be liable for any damages and or loss resulting from interruption of website service or the inability to use our website. Unless stated otherwise, material on this site is copyright of MultiBank Group. MultibankFX is the trading name of Multibank FX International Corporation (BVI) Company No. 1377324.

See MultiBank Group Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
United Arab Emirates
Foundation Year
2005
Regulations
ASIC (Australia), FMA (New Zealand), DFSA (United Arab Emirates), FSC (Mauritius), CNMV in Spain (Spain), BaFin (Germany), CIMA (Cayman Islands)
Publicly Traded
No
Number Of Employees
200+
Trading Desk Type
ECN
Trading platforms
MT4, MT5
Restricted Countries
United States, Japan
Supported Languages
English, Spanish, Arabic, Russian, Chinese, Filipino, Vietnamese, Malaysian
Min Deposit
$50
Max Leverage
1:500 (ASIC), 1:500 (FMA), 1:500 (DFSA), 1:500 (FSC), 1:500 (CNMV in Spain), 1:500 (BaFin), 1:500 (CIMA)
Deposit Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller, Poli, Union Pay, Debit Card, Paytrust88, Thunderxpay
Withdrawal Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller, Poli, Union Pay, Debit Card, Paytrust88, Thunderxpay
Cryptocurrencies
Bitcoin Cash, Bitcoin, Litecoin, Ripple, Ethereum
Fixed Spreads
No
Commission On Trades
No
Products
Currencies, Commodities, CFDs, Indices, Stocks
Mini Account
Yes
Premium Account
Yes
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
No
Institutional Account
Yes
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