What is MultiBank Group?
About MultiBank Group
| Headquarters | The United Arab Emirates |
| Founded | 2005 |
| Regulated by | ESCA (UAE), ASIC, AUSTRAC, BAFIN, CIMA, FSC, FMA, MAS, TFG, VFSC |
| Minimum Deposit | $50 |
| Trading platforms | MT4, MT5, MultiBank Trader 4, MultiBank Trader 5, Web Trader, Social Trading |
| Available markets | Forex, Precious Metals, Stocks, Indices, Commodities and Cryptocurrencies. |
| Demo account | yes |
| Islamic account | ✅ |
| Spreads starting from | 0.1 pips (EUR/USD) |
| Maximum leverage | 1:500 |
| Deposit Options | Credit Card, Skrill, Neteller, Bank Transfer |
Established in California in 2005, MultiBank Group now has its headquarters in Dubai and has become one of the largest financial derivatives companies in the world, with a paid-up capital of over $322 million. Offering Forex, Metals, Crypto financial derivatives, and more, MultiBank Group combines prime liquidity with advanced trading platforms and tight pricing to deliver top-notch financial products.
Over one million clients in 90 countries take advantage of MultiBank Group's exceptional services, thanks to their continued investment in the latest technology. They have achieved an unblemished regulatory record and are regulated by over 11 financial regulators across 5 continents, including ASIC, AUSTRAC, BaFin, CIMA, FMA, FSC, HKCE, MAS, SCA, TFG, and VFSC. Choose MultiBank Group for a world-class financial derivatives company you can trust.
Platforms
You can access MultiBank Group’s offerings on MT4, MT5 and MultiBank cTrader.
MultiBank Group’s trading platforms are available on Desktop, iOS and Android devices.
percentage allocation management module (PAMM) and Financial Information Exchange (FIX) API. A VPS assists traders in handling their online trading needs while building optimal reliable trading conditions.
Features such as the economic calendar offer traders access to relevant financial market news. The mobile application provides a streamlined trading experience to customers. Key assets include stocks, metals and oil. The mobile application collects data such as contact information and diagnostics.
Tools that Multibank account holders can access include Expert Advisors (EAs), free virtual private server (VPS) hosting, multi-account manager (MAM),
EA software functions on a MultiBank Group MT4 & MT5 platform. A VPS can protect you from potentially costly internet connectivity problems. MAM is a type of software that handles multiple trading accounts.
PAMM stands for software that streamlines the management of various accounts into one main account. PAMM allows traders to take a more organized approach to complex trading. FIX API provides real-time information.
Range of Markets
MultiBank Group has an impressive product offering that extends across multiple platforms and investment opportunities.
By recognizing the importance of giving customers a wide range
selection of products, they currently provides over 20,000 instruments across 6 asset classes.
The Group encourages traders to explore its product offerings, which include forex, metals, shares, indices, commodities, and cryptocurrencies. Clients can gain access to a wide range of trading products including 55+ currency pairs, 20,000+ shares, 200+ crypto pairs and more.
Type of Accounts
Looking for a broker with a variety of account types? MultiBank Group has you covered with 3 main account options, all designed for the MetaTrader platform. With a maximum leverage of 1:500, you can maximize your investment potential.
- 1) Standard Account: If you're a new trader, consider this account - it's commission-free and has stable spreads.
- 2) The Pro Account offers zero commissions, tight spreads, and instant execution.
- 3) As for the ECN Account, this is the best choice for traders requiring raw spreads and instant execution. This account type is especially suitable for scalping systems.
Overall, MultiBank Group has a selection of account types to meet your trading needs.
Demo account:
They offer a Demo account that lets you trade with a $100,000 virtual balance. Whether you're a new trader or a seasoned pro, this is the perfect opportunity to test out new strategies and get familiar with the platform. Plus, it's a great way to build confidence and develop a solid trading strategy without any financial pressure.
Open an account with MultiBank
You can complete everything online in just 20 minutes, with only four simple steps. Simply choose your regulator, account type, add personal info, and verify your identity and residency. While it's not explicitly stated, we found that a passport and a bank statement did the trick for verification. Give MultiBank a try and see for yourself just how hassle-free it can be.
Fees, Commissions, and Spreads
MultiBank Group has competitive spreads. Their ECN Pro solution offers zero-pip spreads, and MultiBank Pro and Maximus Pro start at 0.8 and 1.4 pips, respectively. Plus, with forex commission fees as low as $3 per lot, it's a great deal.
Check out their website for all spreads in all major FX pairs.
Customer Service
One of the top priorities for MultiBank Group is customer service. That is why they offer a variety of channels for their clients to contact them and receive support 24/7, including a
contact page, email, phone, Live Chat, WhatsApp service, Contact Form and social media platforms.
Their contact page provides the information needed for clients to get in touch including a phone number and email address. Their customer service team responds promptly to all
inquiries and assists clients with questions or concerns.
MultiBank Group is dedicated to providing clients with the best possible customer experience. One key benefit that allows MultiBank Group to stand out from the competition
is that its customer service is available any time or day of the week. You can contact a
customer service representative at your convenience internationally 24/7. Rapid customer service response helps smooth the trading process for new and expert traders.
MultiBank Group’s customer support team is fluent in 22 languages.
Clients can also reach out to MultiBank Group through social media, where they will also be aware of the latest company news and market updates. Their social media channels include Twitter, YouTube, LinkedIn, Facebook and Instagram.
Research and Education
If you're new to trading, MultiBank Group has got you covered. Their website is loaded with helpful educational materials, while their various social media channels are packed with market insights and tutorial videos.
But that's not all. MultiBank FX also has some impressive copy trading services. You can subscribe to signals from experienced investors and easily copy their positions into your own account.
Deposit and Safety Options
When examining the barriers to entry, examine the fees and minimum investment. MultiBank Group currently offers 3 different accounts, easily accessible through their website.
The 3 accounts offer 500:1 leverage, Social Trading functionality, 24/7 technical support, and multilingual customer service. To open a Standard Account, clients will require a minimum initial deposit of $50. The minimum initial deposit for the Pro Account is $1,000 and for the ECN Account is $5,000.
MultiBank Group offers multiple payment options for deposits. Accounts can be funded using instant payments such as credit or debit cards, cryptocurrencies and different payment
gateways depending on the client’s country of residence. Additionally, users within the Eurozone, clients can deposit a minimum of €250 through the Single Euro Payments Area
(SEPA).
Regulations
Are you looking for a broker that takes security seriously? Look no further than MultiBank Group. With licensed and regulated subsidiaries under 11 different regulatory entities, including ASIC, UAE Securities and Commodities Authority (ESCA) , and FSC, you can rest easy knowing your investments are in safe hands. Plus, MultiBank Group offers excess loss insurance through Lloyd's of London and fully segregated client accounts with top-tier banks.
Trade with peace of mind with MultiBank Group (Mex Global Financial Services LLC).
MultiBank Group Review: Conclusion
If you're a trader on the lookout for a trustworthy and reliable broker, MultiBank might just be the one for you. With a maximum leverage of 500:1 and a suite of digital tools at your disposal, trading on this platform has never been easier. Their MT4 & MT5 trading platforms offer some of the tightest spreads in the industry, making it a breeze to trade with confidence. All in all, if you're after a trading platform that delivers, MultiBank is definitely worth considering.
FAQs:
What maximum leverage does Multibank offer?
They offer one of the highest leverages available, with a maximum leverage of 1:500.
Does MultiBank Exchange Group offer a demo account?
yes
Is MultiBank Exchange Group regulated?
Yes, MultiBank Group is fully regulated by top financial authorities in various countries. With oversight from ASIC in Australia, BaFin in Germany, FMA in Austria, CNMV in Spain, FSC in the BVI, CIMA in the Caymans, and RAK in the UAE, you can trust that your investments are in good hands. Rest easy knowing your financial security is a top priority for us.
MultiBank Group Details
