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MultiBank

9.2
Total score

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MultiBank Group, founded in 2005, is a prominent player in the global trading industry, influencing the foreign exchange sector through innovative products, services and trading platforms. With over $322 million in trading capital, the company is recognized as one of the world’s leading derivatives providers.

MultiBank Group is strictly regulated by more than 11 financial authorities worldwide, including regulators such as SCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG and VFSC. This ensures a high level of protection for investors.

The company offers more than 20,000 CFD products that cover six asset classes including Forex, metals, commodities, indices and cryptocurrencies. MultiBank Group clients can enjoy some of the lowest spreads in the market, starting at 0.0 pips on forex and $0.07 on gold.

Round-the-clock multilingual customer support, guaranteed withdrawals within 24 hours, commission-free trading and full protection against negative balance all make MultiBank Group the preferred choice for traders seeking reliability and benefits in the financial markets.

  • Account currency

    USD, GBP, EUR, CHF, AUD, AED, NZD, CAD

  • Minimum deposit

    $50

  • Leverage

    Up to 1:500

  • Spread

    From 0.0 points

  • Tools

    Forex, Metals, Equities, Stocks, Indices, Commodities, Cryptocurrencies

  • Margin call / Stop out

    50%

Pros

  • Professional trading conditions: MultiBank offers trading on ECN accounts with floating spreads starting from 0.1 pip, which ensures high accuracy and speed of trades execution.
  • Wide range of trading platforms: Clients have access to the popular MetaTrader 4 and MetaTrader 5 platforms, as well as mobile applications and web terminals, which are supported on a variety of operating systems and browsers, providing convenience and flexibility in trading.
  • Passive earning: MultiBank provides several passive earning opportunities, including trade copying services, PAMM accounts and an affiliate program, which allows clients to diversify their investment strategies and maximize their income.

Minuses

  • Lack of micro (cent) accounts: MultiBank does not offer micro accounts, which allow trading with very low rates and minimal risk. This can be a significant disadvantage for novice traders who want to start with a small investment.
  • Scalping Restrictions: The company has restrictions on scalping, a trading strategy involving the rapid opening and closing of positions. This may limit traders who specialize in this type of trading and are looking for flexibility in their trading strategies.

Customer geography

  • Australia
    18.06%
  • Austria
    11.13%
  • Turkey
    9.73%
  • Malaysia
    8.41%
  • India
    8.16%
  • Singapore
    7.04%
  • Philippines
    6.24%
  • Ireland
    6.13%
  • Mexico
    6%
  • Others
    30.67%

Expert evaluation

James Anderson
Financial analyst, expert

At the first glance at MultiBank Group, it is obvious that the broker stands out from other Forex market participants due to its transparent and competitive trading conditions. The broker provides all necessary information about withdrawals, characteristics of trading instruments and other important aspects of trading directly on its official website. Compared to many other brokers, MultiBank offers below-market spreads with a minimum deposit of $50, which makes it an attractive choice for traders.

MultiBank’s technical infrastructure is also noteworthy: the broker’s trading platform supports the integration of custom indicators and Expert Advisors written in MQL. Although the social trading platform may seem complicated for beginners, the broker’s support team is always ready to answer any questions, providing qualified assistance.

In terms of regulation, MultiBank is licensed by more than ten financial authorities around the world, ensuring a high level of transparency and protection for its clients. With leverage offerings of up to 1:500, MultiBank provides enough flexibility in the choice of trading strategies, making it suitable for both beginners and experienced traders.

Analysis

9.2
Total score
8.9
Order execution
9.5
Investment instruments
9
Withdrawal speed
9.7
Support work
9.2
Number of instruments
8.7
Trading platform
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Trading conditions

Trading conditions at MultiBank Group vary depending on the type of trading account and platform selected. The company ensures the execution of clients’ trading orders according to the current market conditions and offered spreads. MultiBank Group has set the stop-out level at 50%, which means that trading positions are automatically closed when the specified level of losses is reached.

Due to the possibility to start trading with a low minimum deposit and use leverage up to 1:500, MultiBank Group clients have a wide range of opportunities to implement various trading strategies and increase their profits. In addition, the broker offers competitive conditions on spreads starting from 0.0 pips on Forex, which makes its offer especially attractive for traders seeking to minimize trading costs.

  • Trading platform

    MT4, MT5, WebTrader, Mobile app

  • Accounts

    Pro, ECN, Standard, Demo

  • Account currency

    USD, GBP, EUR, CHF, AUD, AED, NZD, CAD

  • Deposit/withdrawal

    Bank transfer, Debit/Credit cards, E-wallets, cryptocurrency wallets

  • Minimum deposit

    $50

  • Leverage

    Up to 1:500

  • PAMM accounts

    yes

  • Minimum order

    0,01

  • Spread

    From 0.0 points

  • Instruments

    Forex, Metals, Equities, Stocks, Indices, Commodities, Cryptocurrencies

  • Margin call / Stop out

    50%

  • Liquidity provider

    yes

  • Mobile trading

    yes

  • Affiliate program

    yes

  • Order execution

    Market Execution

  • Trading features

    Allows CFD trading on cryptocurrency, social trading, trading bonuses, trust management, accrual of % on balance

  • Contests and bonuses

    20% Bonus

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Commissions

The commission for users of the Pro account with MultiBank Group is 3 USD per lot for each trade on the Forex market.

Broker Overview

MultiBank Group, founded in 2005, is a multi-regulated ECN broker that offers over 20,000 CFD products including Forex, metals, indices, equities, commodities and cryptocurrencies. The company’s clients can trade on MT4 and MT5 platforms available in desktop, web and mobile versions. MultiBank also offers social trading opportunities, as well as MAM and PAMM accounts and free VPS.

Important aspects and achievements of MultiBank Group:

  • Regulated by 10 financial authorities worldwide.
  • Serves more than 320,000 customers internationally.
  • Received over 40 awards from leading financial institutions.
  • Outstanding program for Introducing Brokers (IB).

MultiBank Group stands out as an ECN and Non-Dealing Desk broker, working directly with liquidity providers to ensure optimal spreads and commissions. The broker is known for its IB program, which includes a network of over 30,000 IBs, offering them and their clients the best market prices and instant execution without slippage.

Clients can manage their investments on the MT4 and MT5 platforms, where flexible chart settings and the ability to use automated trading systems are available. MultiBank allows the opening of up to five live accounts under one name, giving traders greater flexibility in investment management.

Additional services from MultiBank Group:

  • MAM and PAMM accounts: Convenient tools for traders managing multiple accounts, with the ability to use Expert Advisors to automate trading.
  • VPS: Free virtual private server ensures stable operation of trading platforms 24/7.
  • Social Trading: Signal providers can share their strategies with other users, earning additional income, and novice traders can automatically copy successful trades.

Such opportunities make MultiBank Group an attractive choice for both active traders and those seeking passive income in the financial markets.

MultiBank Group offers a variety of trading accounts, each customized to the specific needs of traders, as well as a demo account for risk-free practice.

Types of accounts in MultiBank Group:

  • Standard Account: Initial deposit $50, spreads from 1.5 pips, leverage up to 1:500. Ideal for beginners and IBs offering access to social trading.
  • Pro Account: Initial deposit of $1000, spreads start from 0.8 pips. This account is suitable for experienced traders who want to trade on ECN terms with moderate investments.
  • ECN Account: Initial deposit $5000, spreads from 0.0 pips. This account provides direct access to market liquidity and social trading, suitable for demanding professionals.
  • Demo Account: Provides $100,000 virtual capital for risk-free trading practice.

Each client can open up to five accounts under one name, expanding their options for different trading strategies.

MultiBank Group bonus offers:

  • 20% Deposit Bonus: Up to $40,000 additional funds to your trading account, convertible to cash.
  • Empire Bonus: Up to $5000 on your first deposit.
  • Loyalty Bonus: Up to $3500 for loyal customers.
  • Refer a Friend Bonus: Up to $400 for each new client.
  • Cashback Program: Clients earn cashback depending on the volume of forex and metals traded.

MultiBank Group continues to offer favorable conditions for all types of traders, from beginners to professionals, backing up its offer with strong support and innovative trading platforms.

MultiBank Group serves more than 320,000 customers worldwide and provides over 20,000 financial products from different asset classes such as Forex, metals, commodities, indices, stocks and cryptocurrencies. The company also offers investment opportunities for clients wishing to earn passive income through a variety of affiliate programs.

Investment opportunities in MultiBank Group

Social trading: MultiBank offers traders the opportunity to earn money by copying trades of successful traders or become signal providers by submitting their strategies for copying and receiving remuneration.

MultiBank partnership programs

  • Introducing Brokers (IB) Program: One of the most lucrative in the industry, it offers high discounts and rewards to a community of over 30,000 IBs.
  • Trading Bonuses: Traders can take advantage of various bonuses including a 20% deposit bonus that can increase their trading capital up to $40,000.
  • CPA Affiliate Program: Allows webmasters, bloggers and influencers in the Forex and finance community to earn commissions for referring active traders to MultiBank.

MultiBank Group actively develops partnership and investment programs, providing clients and partners with the most favorable conditions for cooperation and trading.

Withdrawal of funds in MultiBank Group is fast and commission-free. Clients can use the same withdrawal methods as for deposits, including bank transfer, credit/debit cards, e-wallets and cryptocurrencies.

The withdrawal process includes the following steps:

  1. Account Login: Clients must log in to their MyMultiBank personal account.
  2. Navigation: Go to the “Withdrawal of funds” section.
  3. Account selection: Specify the trading account from which the withdrawal will be made.
  4. Specify details: Enter the reason for withdrawal and the desired amount.
  5. Select Method: Determine your preferred withdrawal method.
  6. Confirmation: Finalize and confirm the withdrawal request.

Important: Funds can only be withdrawn in the name of the account holder. It usually takes up to 24 hours to process a withdrawal request.

MultiBank Group Support: Clients can contact MultiBank Group ‘s multilingual 24/7 support team for assistance with any questions related to withdrawals or other transactions.

Advantages

  • International regulation: MultiBank Group is part of the holding company MEX Worldwide Limited, which holds six licenses from the world's leading financial regulators, ensuring a high level of trust and security.
  • Competitive spreads: The broker offers attractive market spreads on a wide range of popular currency pairs, making trading more affordable and profitable for traders.
  • Access to advanced platforms: MultiBank clients can trade through the globally recognized MetaTrader 4 and MetaTrader 5 platforms, which support a multitude of trading strategies and instruments.
  • Negative balance protection: MultiBank ensures that clients do not lose more funds than they have in their trading accounts, protecting them from unexpected market shifts.
  • Various affiliate programs: The broker offers several types of affiliate programs, providing additional opportunities for earning and cooperation.
  • Multilingual support: The website and customer service are available in 9 languages, making MultiBank's service convenient for international customers.
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MultiBank personal account overview

Opening an account with MultiBank Group is a quick and convenient process. Here is a detailed guide to opening an account:

  1. Regulator Selection: Start by selecting the desired regulator that fits your region and trading preferences.
  2. Account Type Selection: Decide on the account type that best suits your trading style and financial capabilities. Minimum deposits range from $50 to $5,000 depending on the account type you choose.
  3. Registration: Register your email on the company’s website and fill out the required forms, including personal and contact information.
  4. Submission of documents: Scan and upload the necessary documents to verify your identity and residence. This may include your passport, ID card or utility bill.
  5. Account confirmation and activation: After verification of the documents provided, your account will be activated and you can start trading.

The entire registration process usually takes about 20 minutes, after which clients can start trading immediately. MultiBank Group accepts clients from all over the world, with the exception of some countries such as the USA and Hong Kong due to regulatory restrictions.

Answers to questions

  • What is the minimum deposit to open an account with MultiBank?

  • What regulators oversee MultiBank's operations?

  • What trading platforms are available from MultiBank?

  • Does MultiBank offer passive income programs?

  • How can I withdraw funds from my MultiBank account?

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