broker

MultiBank Group Review 2022

By Updated:
4.4
Trust
4.0
Fees
4.2
Platforms and Tools
4.6
Customer Support
5.0
Tradable Instruments
4.7
Account Types and Terms
4.9
Deposit and Withdrawal
5.0
Research
4.0
Education
2.5

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.

FX Empire sticks to a strict review standards.Learn how we make money and our review methodology.

Please note: In our review of MultiBank Group, we focused on the services provided by MEX Atlantic Corporation (mexatlantic.com) regulated by the Cayman Islands Monetary Authority (CIMA). We conducted our tests with a live Standard Account and the MetaTrader 4 platform. Some features and services will vary depending on which jurisdiction you open an account in.

The Big Picture

Founded in 2005, MultiBank Group is a broker providing access to trading in forex and CFDs on commodities, stocks, indices and cryptocurrencies. MultiBank Group offers the popular MetaTrader platform and uses a non-dealing desk, ECN model of order execution. Regulated across 5 continents, MultiBank Group maintains over 20 offices globally to cater to an international clientele.

Key Takeaways in 2022

  • We evaluated MultiBank Group across nine categories (Trust/Stability, Fees, Tradable Instruments, Account Types, Deposit/Withdrawal, Research, Customer Support, Education, Platform/Tools).
  • MultiBank Group excelled in the areas of Customer Service, Tradable Instruments, and Deposit/Withdrawal.
  • We found room for improvement in the Education category.
  • Beginners can benefit from good customer service, a demo account and copy trading.
  • Advanced traders can take advantage of tight spreads, high leverage, free VPS hosting, expert advisors, MAM/PAM and Fix API.

What Sets MultiBank Group Apart from Other Brokers?

MultiBank Group has made good customer service a priority and is competitive in key areas such as trading related fees. An exceptionally large range of 20,000 share CFDs distinguishes them among competing CFD brokers. MultiBank Group has also purchased insurance for up to $1 million from Lloyd’s of London to protect clients in the event of insolvency.

Who is MultiBank Group for?

MultiBank Group is a broker well suited to experienced traders looking for low fees, a wide range of trading instruments and fast and instant deposits and withdrawals. This broker has a solid core offering but has avoided investing in education materials for clients. In this way, it is better suited for sophisticated traders.

Professional traders and money managers can trade multiple accounts efficiently, using a single centralised interface with a MAM (Multi-Account-Manager) account. Fix API can be integrated with MT4 and enables high-speed connectivity, ultra-low latency execution and direct access to deep liquidity pools.

MultiBank Group Pros and Cons

Pros Cons
  • Competitive spreads.
  • Massive range of CFDs on shares.
  • No deposit or withdrawal fees.
  • Accounts insured up to $1,000,000.
  • Offers social trading.
  • Free VPS hosting.
  • Great customer service.
  • Limited educational materials.
  • High inactivity fee.

 

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.

 

About the Author

Jitan Solanki
After discovering techniques to trade pan-European and US equities, Jitan developed a love for a short to medium term trading on indices and commodities, and later on currencies.
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How Do We Rate?

Understanding a broker’s strengths and weaknesses is crucial when you come to trade forex and CFDs. FX Empire's proprietary rating system was developed for exactly this purpose. Our reviewers’ knowledge and expertise put into action in order to point you to the most suitable brokers. More than 200 individual variables have been analyzed to help you choose your broker wisely. The chart below details all the categories that we evaluate and rate.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
MultiBank Group Main Features
☑️
Regulations
ASIC (Australia), FMA (New Zealand), CNMV in Spain (Spain), BaFin (Germany), VFSC (Vanuatu), CIMA (Cayman Islands)
🗺
Supported Languages
English, Spanish, Arabic, Russian, Chinese, Filipino, Vietnamese, Malaysian
💰
Products (CFD)
Currencies, Commodities, Indices, Stocks
💵
Min Deposit
$50
💹
Max Leverage
1:30 (ASIC), 1:500 (FMA), 1:30 (CNMV in Spain), 1:30 (BaFin), 1:500 (VFSC), 1:250 (CIMA)
🖥
Trading Desk Type
ECN
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Check if...
unknownMultiBank Group accepts clients from your country:
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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

Trust

4.9
How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

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MultiBank Group is overseen by multiple regulators across the globe, including the top tier ASIC. Client accounts of the offshore CIMA regulated entity are insured by Lloyd’s of London for up to $1 million per account.

MEX Australia on the ASIC register

In our trust category, we place most importance on how a broker is regulated. In this section we’ll take a look at how the different entities of MultiBank Group across the globe are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.

  • MEX Australia Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC) with AFSL number 416279. We rate ASIC as a Tier 1 regulator.
  • MEX Digital Pty Ltd is licenced by ASIC as a Corporate Authorised Representative (AFS Representative Number 001285048) of Mex Australia Pty Ltd (AFSL 416279) and is registered as a Digital Currency Exchange with AUSTRAC with registration number 100724469.
  • MEX Asset Management GmbH is authorised and regulated by the German Federal Financial Supervisory Authority (BaFin) with licence number HRB 73406. We rate BaFin as a Tier 2 regulator.
  • MEX Atlantic Corporation is authorised and regulated by the Cayman Island Monetary Authority (CIMA) with licence number 1811316. We rate CIMA as a Tier 3 regulator.
  • MultiBank FX International Corporation is authorised and regulated by the Financial Services Commission of the British Virgin Islands (FSC) with licence number SIBA/L/14/1068. We rate FSC as a Tier 3 regulator.
  • MEX Asset Management GmbH-Austria branch is authorised and regulated by the Austria Financial Markets Authority (FMA) with licence number 491129z. We rate FMA as a Tier 2 regulator.
  • Red Rock Pay Ltd is authorised and regulated by Hong Kong Customs and Excise Department (HKCE) under licence number 18-11-02612. We rate HKCE as a Tier 2 regulator.
  • MEX Global Markets Pte Ltd is authorised and regulated by the Monetary Authority of Singapore (MAS) with licence number CMS101174. We rate MAS as a Tier 2 regulator.
  • Ikon Financial Services Corporation Ltd is regulated by the Tianjin Financial Government (TFG) under the registration number 120000400121019. We rate TFG as a Tier 3 regulator.
  • MEX Pacific (V) Ltd is authorised and regulated by the Vanuatu Financial Services Commission (VFSC) with licence number 700443. We rate VFSC as a Tier 3 regulator.

Why is it important to know where your broker subsidiary (entity) is regulated?

Different regulators provide different levels of protection. Not all regulators guarantee negative balance protection, segregated funds and a compensation scheme.

In the case of MultiBank Group, clients of all global entities have negative balance protection and segregated funds. The offshore MEX Atlantic Corporation clients have account insurance for up to $1 million per account from Lloyd’s of London.

In the table below we break down the protections and benefits for each entity.

Entity MEX Atlantic Corporation MEX Australia Pty Ltd MEX Asset Management MultiBank FX International
Country/Region Cayman Islands/Global Australia Germany British Virgin Islands
Regulation CIMA ASIC BaFin FSC
Segregated Funds Yes Yes Yes Yes
Negative Balance Protection Yes Yes Yes Yes
Compensation Scheme Yes No Yes No
Entity MEX Austria Red Rock Pay Ltd MEX Global Markets Pte Ltd Ikon Financial Services Corporation MEX Pacific
Country/Region Austria Hong Kong Singapore China Vanuatu
Regulation FMA HKCE MAS TFG VFSC
Segregated Funds Yes Yes Yes Yes Yes
Negative Balance Protection Yes Yes Yes Yes Yes
Compensation Scheme Yes No No No No

Regulatory requirements are subject to change. The data listed above was gathered in March 2022.

Stability and Transparency

In our tests for the Trust category we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, the size of the company and how transparent they are in terms of information being readily available.

MultiBank Group has a lengthy operating history of 17 years. According to their LinkedIn page, the company is headquartered in Hong Kong and has 501-1,000 employees.

In our research, MultiBank Group showed a good level of transparency in their regulatory status, with a listing of all their entities and their regulators on their Regulations page.

Costs of trading via spreads, commission and swaps are explained on the Contract Specifications page. MultiBank Group has a detailed section covering the history of the company, its management and company news. The Client Agreement can be found on the Account Forms page. Overall, we judged that this broker has a high level of transparency.

Fees

4.2
How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

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With tight spreads, low commissions and minimal swap fees, MultiBank Group is strong in the category of fees. However, clients should be conscious of a high account inactivity fee.

Contract Specifications

Trading Fees

We tested the spreads at MultiBank Group across different asset classes using the MetaTrader 4 platform. The test was done at 8AM GMT and at 3PM GMT on March 17th 2022. We made our tests at two different times to allow greater perspective.

8AM GMT is the London open, when there is a great deal of liquidity in the forex market and therefore tighter spreads in currency pairs. 3PM GMT is during the New York trading session.

Instrument Spread AM Spread PM
EUR/USD 1.5 1.5
GBP/JPY 1.9 1.9
Gold  0.25 0.25
Light Crude Oil  0.05 0.05
Apple n/a 0.02 
Tesla n/a 0.36 
Dow 30 3.3 2.7
Dax 30 2.2 2.6

Swap Fees

Swap fees are the cost of holding a leveraged position overnight. Apart from forex, metals and spot oil, all products are swap free at MultiBank Group. The swap fees we measured at MultiBank Group were average.

In the table below you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of holding a sell position overnight) for one full sized contract. A full sized contract is 100,000 units of the base currency (the first currency quoted in the pair). The data was recorded on March 16th 2022.

Instrument Swap Long Swap Short
EUR/USD Charge of $5.38 Charge of $1.09
GBP/JPY Charge of $3.26 Charge of $4.97

Non-Trading Fees

There is an inactivity fee of $60 USD per month after 90 days. This is relatively high for the industry.

Are Fees at MultiBank Group Competitive?

MultiBank Group has made an effort to keep fees to a minimum (with the exception of the inactivity fee) and they are better than most brokers in the forex and CFD industry.

Platforms and Tools

4.6
How Do We Test A Broker's Platforms and Tools?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker's desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other 'need to know' features.

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MultiBank Group offers the popular MetaTrader 4 and MetaTrader 5 platforms across desktop, web and mobile. MetaTrader is powerful and feature rich, but not the most user friendly platform on the market.

MetaTrader 4 Desktop

MetaTrader 4 Desktop Platform

MultiBank offers MetaTrader 4 and MetaTrader 5 for desktop, which includes advanced functions such as copy trading and automated trading.

MetaTrader 4 is available in 39 languages, from Arabic to Vietnamese. The platform provides popular features such as:

  • Alerts. This feature allows traders to be updated when an instrument reaches a specific price level. Alerts can be delivered via audio, an email, or a push notification to a mobile device.
  • Watchlists. Traders can set up a list of their favourite instruments and follow live quotes in a panel called Market Watch.
  • One-click trading. This feature allows traders to execute orders with a single click and no secondary confirmation. Being able to place a trade with a single click saves time and is especially useful for short term traders.
  • Trading from the chart. MT4 also allows users the convenience of trading directly from the chart.

MetaTrader also delivers when it comes to the range of available order types and its charting functionality.

The following order types are available:

  • Market Order. This is an order to buy or sell an instrument at the current best available price.
  • Limit Order. This is an order to buy or sell an instrument at a specified price or better.
  • Stop Loss Order. This is an order to buy or sell an instrument that is triggered when price reaches a specified level.
  • Trailing Stop Order. This is a stop loss order that can be set at a defined percentage or dollar amount away from an instrument’s current market price. It is used to secure profits when you are in a winning trade, while not having to exit the position.

Charting features are robust. MetaTrader 4 offers:

  • 30 technical indicators. These include classic trend indicators, volume indicators and oscillators.
  • 23 analytical objects. These include lines, channels, Gann and Fibonacci tools.
  • 9 time frames. Each instrument can be displayed in nine time frames, from one minute to one month.
  • 3 chart types. Traders can choose between Bar Charts, Japanese Candlestick Charts and Line Charts.

MetaTrader is also popular due to its copy trading and automated trading features.

  • Trading Signals. Signals in MetaTrader 4 allow users to automatically copy the activity of other traders in real time.
  • Automated trading. MetaTrader 4 allows users to develop, test and apply Expert Advisors (EAs). EAs are programs that monitor and trade markets using algorithms. They find opportunities according to set parameters and then either create a notification or automatically open a trade.

The MetaTrader 4 desktop platform is one of the most feature rich and popular trading platforms in the world. It does not have the most beautiful interface and it does require some time and effort to learn, but that is typical of advanced platforms.

MultiBank Web Platform

MultiBank Web Platform

The MetaTrader Web Platform (Web Trader) is a slightly stripped down version of the desktop platform. It allows you to trade without any additional software, only an internet connection is required. The Web Platform allows users to trade directly from any browser and operating system.

Popular features include:

  • One-click trading.
  • Trading from the chart.
  • Watchlists with real time quotes.
  • Trade History.
  • Advanced charting with 37 indicators for technical analysis.

Copy trading and automated trading are also only available on the MT4 desktop platform.

MetaTrader 4 Mobile App

MT4 Mobile App

For mobile trading, MultiBank Group offers the MetaTrader 4 mobile app, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading and trading from the chart.

The MetaTrader 4 mobile app also provides a broad range of order types including pending and stop-orders. However, trailing stop loss orders are only available from desktop. In order to change the language of the MT4 app, you must change the language for your entire phone. As with desktop and web, the interface is not the most intuitive but the MT4 app offers an above average range of features.

Order Execution

MultiBank Group uses a non-dealing desk model of order execution and all orders go through an ECN to over 20 interbank liquidity providers.

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.

Tradable Instruments

4.7
How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

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MultiBank Group offers a broad and deep range of tradable instruments, covering forex and CFDs on commodities, shares, indices and cryptocurrencies.

Forex Pairs

CFDs (Contract for Differences) are financial derivative products that allow traders to speculate in various markets without owning the underlying assets. Tradable instruments at MultiBank Group include the following assets:

  • 55 Currency Pairs. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example EUR/USD, which reflects the value of the euro measured in dollars.
  • 27 Indices. An index is a basket of trading instruments that is used to gauge a market sector, stocks within an exchange or the economy of a country.
  • 11 Cryptocurrencies. Cryptocurrencies, such as Bitcoin, are digital currencies that are secured by cryptography.
  • 20,000 Stock CFDs. A stock is a security that represents partial ownership of a corporation. Keep in mind that when trading stock CFDs you are speculating on the price of a stock without actually taking ownership of the underlying company.
  • 20 Commodity CFDs. Commodities include raw products, such as gold and oil.

In the tables below, you can see a selection highlighting the variety of instruments available at MultiBank Group:

Forex CFDs on Metals 
AUD/CAD | EUR/CHF | USD/ZAR | NZD/JPY Silver | Gold | Palladium | Platinum
CFDs on Shares CFDs on Indices
Netflix | Uber | Intel | Citigroup China 50 | UK 100 | India 50 | ESP 35
CFDs on Commodities CFDs on Cryptocurrencies
Cocoa | Natural Gas | Soybeans | Cotton Bitcoin | Ethereum | Litecoin | Polkadot

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

In the category of Tradable Instruments, MultiBank Group is especially competitive in the area of CFDs on shares, indices and cryptocurrencies.

Customer Support

5.0
How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

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Customer support at MultiBank Group is first class. Agents are on hand to assist clients 24/7 via email, chat and phone with almost zero wait times.

Chat Support

Support responses were remarkably fast at MultiBank Group. Via chat, replies were instantaneous, via email we received responses the same day and by phone we reached an operator within a couple of rings.

We tested support with a variety of questions, covering subjects such as their order execution policy and for which clients the Lloyd’s of London insurance applies to. Operators were well informed and helpful.

Customer Support Languages
English | Arabic | Spanish | French | Russian | Tagalog | Hindi

Deposit and Withdrawal

5.0
How Do We Test A Broker's Deposit and Withdrawal?
The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker.

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MultiBank Group shines in this category with free deposits and withdrawals across a wide range of methods including bank transfer, credit/debit card, digital wallet and cryptocurrency.

MultiBank Group Withdrawals

In the tables below we break down the fees and processing times for each deposit and withdrawal method.

Deposits

Deposit Method Fees Processing Time
Bank Transfer Free Within 24 hours
SEPA Free Within 24 hours
Visa/Mastercard Free Instant
Paytrust Free Within 24 hours
Pay Retailers Free Within 24 hours
Pagsmile Free Within 24 hours
Skrill Free Within 24 hours
Neteller Free Within 24 hours
TADA Free Within 24 hours
Thai QR Payment Free Within 24 hours
Payment Asia Free Within 24 hours
Globepay Free Within 24 hours
AWEpay Free Within 24 hours
POLi Free Within 24 hours
Bitcoin Free Instant

Withdrawals

Withdrawal Method Fees Processing Time
Bank Transfer Free Within 24 working hours
SEPA Free Within 24 working hours
Visa/Mastercard Free Within 24 working hours
Paytrust Free Within 24 working hours
Pay Retailers Free Within 24 working hours
Pagsmile Free Within 24 working hours
Skrill Free Within 24 working hours
Neteller Free Within 24 working hours
TADA Free Within 24 working hours
Thai QR Payment Free Within 24 working hours
Payment Asia Free Within 24 working hours
Globepay Free Within 24 working hours
AWEpay Free Within 24 working hours
POLi Free Within 24 working hours
Bitcoin Free Within 24 working hours

Account Types and Terms

4.9
How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

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Multibank Group offers three main account types: Standard, Pro and ECN. The main differences are in the minimum deposit and spreads.

Feature Standard Pro ECN
Minimum initial deposit $50 $1,000​ $5,000
Spreads From 1.5 pips From 0.8 pips From 0.0 pips*
Leverage Up to 500:1 Up to 500:1 Up to 500:1
Social Trading Yes Yes Yes
Support 24/7 24/7 24/7

* Note that for the ECN account there is a $3 per lot commission on certain instruments. For full details see here.

Demo Accounts

MultiBank Group offers demo accounts for MetaTrader 4 and MetaTrader 5. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking any real money.

The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices and stocks. Once users have got up to speed on a demo account, they can easily switch over to a live account.

Islamic Accounts

MultiBank Group offers a swap free Islamic account that adheres to the principles of Sharia law. This account waives all swap charges/credits.

Leverage

One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.

The maximum leverage for a Standard Account at MultiBank Group is 1:500. This means that with an account of $1,000 you can control up to $500,000 worth of positions in the market. Leverage is often described as a ‘double-edged sword’ as it can hurt you as much as it helps you. Traders must remember that it can amplify both their profits and their losses.

Account Opening

The account opening process is fully digital and can be completed via the company website within a matter of minutes. Multibank offers three main account types: Standard, Pro and ECN.

Online application

Account Application

The application takes an average of three minutes to complete. To open an individual account at the offshore entity of MultiBank Group, prospective clients must answer the following questions.

Personal Information:

  • Client type (Individual, Joint Account, Corporate, Institutional/Corporate).
  • First and last name.
  • Country of residence.
  • Date of birth.
  • Mobile number.
  • Expected deposit.

Trading Account Settings:

  • Regulated entity.
  • Platform (MetaTrader 4, MetaTrader 5).
  • Account tier (Standard, Pro, ECN).
  • Default leverage (1:100, 1:200, 1:300, 1:400, 1:500).
  • Base currency (USD, EUR, GBP, AUD, CAD, CHF).
  • Employment information.
  • Source of funds.

Trading Capability Assessment:

  • Questions relating to trading experience, margin, CFDs and risk.

Identity and address.

  • Proof of identity (driving licence, passport, residence permit).
  • Proof of address (utility bill).

Supported Countries

MultiBank Group takes clients from the majority of countries globally. However, clients are not accepted from Burma (Myanmar), Burundi, Central Africa Republic, Congo, Crimea region of Ukraine, Cuba, Iran, Japan, Libya, North Korea, Somalia, South Sudan, Syria, United States, Venezuela, Yemen and Zimbabwe.

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.

Research

4.0
How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

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MultiBank Group provides market analysis via its MultiBankInvest.com website. Several articles are published daily covering major market news stories.

MultiBank Group provides in-depth coverage and analysis of headline market news stories, such as Elon Musk’s acquisition of Twitter and the latest Fed policy. Articles include coverage of various markets including cryptocurrencies, forex, commodities and stocks.

MultiBank Group Market Analysis

Education

2.5
How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

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MultiBank Group offers long-form educational articles on the MultiBankInvest.com website. Fresh material is frequently published.

Detailed, well written articles from MultiBank Group are available on the MultiBankInvest.com website to help traders orient themselves. These include introductions to various markets such as cryptocurrencies and commodities.

MultiBank Group could improve their educational offerings by adding webinars and courses.

Educational Guides from MultiBank Group

The Bottom Line

MultiBank Group is an impressive broker in many of the areas that count most to experienced traders. Low trading related fees keep costs to a minimum for active traders. Deposit and withdrawals are free, fast and there are a wide range of available methods. Customer support is on hand in an instant. Tools for professional traders and money managers such as MAM/PAM, VPS Hosting and Fix API are available. Traders have access to very high levels of leverage. Insurance from Lloyd’s of London can provide peace of mind that funds are safe.

Traders who are new to the markets might be disappointed by the limited educational materials. However, the demo account and social trading are two available features that can be useful to beginners getting their feet wet in the world of forex and CFD trading.

FAQ

Where is MultiBank Group based?
MultiBank Group is headquartered in Hong Kong.

Is MultiBank Group safe?
All client accounts of the MEX Atlantic entity are insured for up to $1,000,000 by Lloyd’s of London. The entities of MultiBank Group are overseen by multiple regulators globally.

How does MultiBank Group make money?
MultiBank Group earns money from the bid/offer spread, commissions, overnight financing fees and miscellaneous account fees.

How do I deposit funds in a MultiBank Group account?
Funds can be deposited via bank transfer, credit/debit card and digital wallet.

What is the minimum deposit for MultiBank Group?
The minimum deposit is $50.

How do I withdraw money from MultiBank Group?
Funds can be withdrawn via bank transfer, credit/debit card and digital wallet.

How long does it take to withdraw money from an account at MultiBank Group?
Withdrawals are processed within 24 working hours.

What is the maximum leverage at MultiBank Group?
The maximum leverage available is 1:500.

How can I open an account with MultiBank Group?
An account can be opened in an average of 3 minutes on the company website.

What platforms does MultiBank Group offer?
MetaTrader 4 and MetaTrader 5 are available for clients.

What are the withdrawal fees at MultiBank Group?
Withdrawals are free.

Is MultiBank Group good for beginners?
MultiBank has great customer service and a free demo account, which are important for new traders. However, there is no education section and the MetaTrader platform is not very intuitive.

Does MultiBank Group offer a demo account?
Yes, a free demo account is available via MetaTrader 4 and MetaTrader 5.

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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.

See MultiBank Group Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Hong Kong
Foundation Year
2005
Regulations
ASIC (Australia), FMA (New Zealand), CNMV in Spain (Spain), BaFin (Germany), VFSC (Vanuatu), 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
1:30 (ASIC), 1:500 (FMA), 1:30 (CNMV in Spain), 1:30 (BaFin), 1:500 (VFSC), 1:250 (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
Products (CFD)
Currencies, Commodities, Indices, Stocks
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
No
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