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MultiBank Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?

MultiBank Group, established in 2005, is a forex and CFDs broker that offers access to trading in commodities, equities, indices, and cryptocurrencies, among other things. MultiBank Group offers the popular MetaTrader platform and executes orders using a non-dealing desk, electronic communication network (ECN) architecture. MultiBank Group, which is regulated on five continents and has over 20 locations throughout the world, serves a global clientele. Get started with MultiBank FX.

Nine criteria were considered in our evaluation of MultiBank Group: trust/stability, fees, tradable instruments (including futures and options), account types (including deposit and withdrawal), research (including customer support), education, and platform/tools.

In the categories of Customer Service, Trading Instruments, and Deposit/Withdrawal, MultiBank Group outperformed the industry average.

In the subject of Education, we discovered that there is space for improvement.

Beginners can benefit from excellent customer support, a demo account, and the ability to mimic other traders.

Advanced traders may take use of narrow spreads, high leverage, free VPS hosting, experienced advisers, MAM/PAM, and a Fix API, among other features and benefits.

MultiBank Group has made providing excellent customer service a priority, and the company is competitive in crucial areas such as trading-related costs. Their remarkable selection of 20,000 share CFDs separates them from other CFD brokers in the market place.. In addition, MultiBank Group has obtained insurance from Lloyd's of London for up to $1 million in order to safeguard its customers in the case of insolvency.

MultiBank Group is a broker that is best suited to experienced traders who are searching for cheap fees, a large selection of trading instruments, and deposits and withdrawals that are quick and rapid. Despite the fact that this broker has a strong core service, it has chosen not to invest in educational materials for its clients. As a result, it is better suitable for expert traders than before.

Professional traders and money managers may trade several accounts effectively with a MAM (Multi-Account-Manager) account, which has a single centralized interface and is accessible from any computer. MT4 and Fix API may be seamlessly connected, enabling high-speed connectivity as well as ultra-low latency execution as well as direct access to deep liquidity pools.

MultiBank Group is regulated by a number of different authorities across the world, including the top-tier ASIC. In addition, Lloyd's of London insures the offshore CIMA regulated entity's client accounts for up to $1 million per account under certain conditions.

MEX Australia Pty Ltd is a company that is approved and regulated by the Australian Securities and Investments Commission (ASIC) under the Australian Financial Services Licence (AFSL) number 416279. ASIC is rated as a Tier 1 regulator by us.

MEX Digital Pty Ltd is a corporate authorized representative (AFS Representative Number 001285048) of Mex Australia Pty Ltd (AFSL 416279) licensed by the Australian Securities and Investments Commission (ASIC) and registered as a digital currency exchange with AUSTRAC under registration number 100724469.

Licensed by the German Federal Financial Supervisory Authority (BaFin) with the license number HRB 73406, MEX Asset Management GmbH is a financial services firm in Germany. BaFin is rated as a Tier 2 regulator by us.
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MEX Atlantic Corporation is licensed and controlled by the Cayman Islands Monetary Authority (CIMA) under license number 1811316. MEX Atlantic Corporation is headquartered in Grand Cayman. CIMA is rated as a Tier 3 regulator by us.

MultiBank FX International Corporation is a financial services company licensed and regulated by the Financial Services Commission of the British Virgin Islands (FSC) under license number SIBA/L/14/1068. MultiBank FX International Corporation is headquartered in the British Virgin Islands. The Forest Stewardship Council is rated as a Tier 3 regulator.

MEX Asset Management GmbH-Austria branch is registered and regulated by the Austrian Financial Markets Authority (FMA) under licence number 491129z and is part of the MEX Asset Management Group. The FMA is rated as a Tier 2 regulator by us.

Hong Kong Customs and Excise Department (HKCE) license number 18-11-02612 authorizes and regulates Red Rock Pay Ltd, which operates under the name Red Rock Pay. HKCE is rated as a Tier 2 regulator by us.

MONETARY Authority of Singapore (MAS) license number CMS101174 is issued to MEX Global Markets Pte Ltd, which is authorized and controlled by the Monetary Authority of Singapore (MAS). MAS is rated as a Tier 2 regulator by us.

The Tianjin Financial Government (TFG) regulates Ikon Financial Services Corporation Ltd, which is registered under the registration number 120000400121019 with the TFG. TFG is rated as a Tier 3 regulator by us.

MEX Pacific (V) Ltd is a company registered and regulated by the Vanuatu Financial Services Commission (VFSC) under licence number 700443, and is headquartered in Port Vila, Vanuatu. The VFSC is rated as a Tier 3 regulator by us.

Different levels of protection are provided by different regulatory agencies. Negative balance protection, segregated money, and a compensation mechanism are not all provided by all regulatory authorities.

In the case of MultiBank Group, clients of all worldwide businesses are protected from negative balances and have funds held in segregated accounts. Clients of MEX Atlantic Corporation who are located offshore are covered by Lloyd's of London for up to $1 million in account insurance per account.

MultiBank Group has been in business for 17 years and has a long track record of success. According to their LinkedIn profile, the firm is based in Hong Kong and employs between 501 and 1,000 people.

MultiBank Group demonstrated a high amount of transparency in terms of their regulatory status throughout our investigation, with a listing of all of their businesses and the regulators who oversee them on their Regulations website.

Detailed information on the costs of trading in terms of spreads, commissions, and swaps may be found on the Contract Specifications page. MultiBank Group has a comprehensive part on its website that includes information about the company's history, management, and recent news. The Client Agreement may be found on the Account Forms page under the Client Agreement heading. The overall amount of openness demonstrated by this broker, in our opinion, is quite excellent.

MultiBank Group is a leader in the field of fees due to its tight spreads, cheap commissions, and low swap costs, among other factors. Clients should be aware, however, that there is a significant account inactivity fee.

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The London open takes place at 8 a.m. GMT, during which there is a lot of liquidity in the forex market and, as a result, tighter spreads between currency pairings. The time is 3 p.m. GMT, which is within the New York trade period.

In the case of leveraged positions, swap costs represent the cost of holding the position overnight. All products at MultiBank Group, with the exception of FX, metals, and spot oil, are swap-free. The swap fees we measured at MultiBank Group were in the middle of the pack.

Once the 90-day period has passed, an inactivity fee of $60 USD per month is charged. This is considered to be a high level for the industry.

They have made an attempt to keep fees to a minimal (with the exception of the inactivity fee), and they perform far better than the majority of other FX and CFD brokers in the business.

In addition to the famous MetaTrader 4 and MetaTrader 5 platforms, MultiBank Group also provides mobile trading solutions. Despite the fact that MetaTrader is a strong and feature-rich platform, it is not the most user-friendly platform available on the market.

MetaTrader 4 and MetaTrader 5 are available for desktop use at ultiBank. These platforms provide sophisticated features such as copy trading and automated trading.

MetaTrader 4 is accessible in 39 different languages, ranging from Arabic to Vietnamese and everything in between. The platform includes popular features such as the following:

- Alerts. It is possible to receive notifications when a certain price level is reached by an instrument using this function. Alerts can be given in a variety of ways, including voice, email, and push notifications to mobile devices.
- Watchlists. Traders may create a list of their favorite instruments and track live quotations in a panel called Market Watch, which is accessible from the trading platform.
- Trading with a single click. Trading orders may be executed with a single click and without the need for secondary confirmation thanks to this functionality. A transaction may be placed with only one click, which saves time and is especially beneficial for short-term traders who want to make quick decisions.
- Trading from the chart is a good idea. MT4 also provides the ease of trading right from the chart to its customers.
MetaTrader also outperforms the competition when it comes to the variety of order types offered and the charting features.

There are several different order kinds to choose from:

- Market Order is a term that refers to the order of trading in the stock market. This is an order to buy or sell an instrument at the best available price at the time of submission.
- Orders are very limited. This is an order to buy or sell an instrument at a predetermined price or a price that is higher than the current market price.
- Order to Discontinue Loss. The price of an instrument hits a certain level, which triggers an order to purchase or sell the instrument in question.
- Stop Order with a trailing period. An order to place a stop loss at a specified percentage or dollar amount away from the current market price of an instrument is known as a stop loss order. It is used to protect earnings when you are in a profitable transaction and do not want to take the risk of exiting the deal.
- The charting capabilities are extensive. MetaTrader 4 provides the following features:

There are 30 technical indicators in all. Classic trend indicators, volume indicators, and oscillators are examples of this type of indicator.
There are 23 analytical objects. Lines, channels, Gann, and Fibonacci tools are among the tools available.
There are nine time periods. There are nine different time periods that may be presented for each instrument, ranging from a minute to a month.
There are three different chart kinds. Traders have a choice of three types of charts: bar charts, Japanese candlestick charts, or line charts.
MetaTrader is especially popular because of its copy trading and automated trading features, which are both available on the platform.

Trading signals are a type of signal that tells you when to buy or sell something. Signals in MetaTrader 4 allow users to imitate the activity of other traders in real time, without having to manually copy their own activity.
Trading that is automated. Developing, testing, and deploying Expert Advisors is made possible using MetaTrader 4. (EAs). EAs are computer programs that monitor and trade the markets based on mathematical calculations. They look for chances based on predefined parameters and then either produce a notice or automatically open a transaction as a result.

The MetaTrader Web Platform (Web Trader) is a more condensed version of the desktop platform that allows you to trade from your web browser. It enables you to trade without the need for any additional software; all that is necessary is an internet connection. The Web Platform enables users to trade directly from any browser and operating system, including mobile devices.

The MetaTrader 4 desktop platform is one of the most feature-rich and widely used trading platforms in the world, with over a million users worldwide. It does not have the most visually appealing interface, and it does take some time and effort to become familiar with it, but this is typical of complex systems in general.

MultiBank Group provides the MetaTrader 4 mobile app, which is accessible for both Android and iOS devices, for traders who want to trade on the go. The program includes well-known features like as notifications, one-click trading, and trading directly from a chart.

There is also a large range of order types available through the MetaTrader 4 mobile app, including pending and stop-orders. Trailing stop loss orders, on the other hand, are only available from the desktop. When switching between languages, you must first switch between languages on your phone's main screen. The UI, like with the desktop and online versions, is not the most user-friendly, but the MT4 app provides an above-average breadth of functionality.

Forex and CFDs on commodities, equities, indices, and cryptocurrencies are among the trading instruments offered by MultiBank Group, which boasts a comprehensive and diverse product offering.

Trading CFDs, also known as contract for differences, is a financial derivative instrument that allows traders to bet on the performance of multiple markets without actually holding the underlying assets. The following assets are held as tradable instruments by MultiBank Group:

- There are 55 different currency pairs. A currency pair is a combination of two separate currencies in which the value of one currency is stated in relation to the value of the other. Take, for example, the EUR/USD currency pair, which indicates the value of the euro expressed in dollars.
- There are 27 indices. An index is a collection of trading instruments that may be used to evaluate the health of a market sector, individual companies on a stock exchange, or the overall health of a country's economy.
- There are 11 different cryptocurrencies. In the case of Bitcoin, cryptocurrencies are digital currency that are protected through the use of encryption.
- CFDs on stocks worth 20,000 dollars. A stock is a financial instrument that reflects a portion of a corporation's ownership. Keep in mind that when you trade stock CFDs, you are gambling on the price of a stock without really owning any shares in the underlying firm you are trading against.
- CFDs on commodities totaling 20 contracts. Commodities include raw materials such as gold and oil, among others.

Disclaimer: Contracts for difference (CFDs) are complicated financial contracts that carry a significant risk of losing money quickly owing to the use of leverage.

MultiBank Group is particularly competitive in the area of CFDs on stocks, indices, and cryptocurrencies, which are included in the category of Tradable Instruments.

Exceptional customer service is provided by MultiBank Group. Agents are available to assist clients 24 hours a day, seven days a week by email, chat, and phone, with virtually no wait periods.

At MultiBank Group, customer service replies were amazingly quick. We received quick responses via chat, received responses the same day via email, and reached an operator on the phone within a few of rings of dialing the number.

We put their customer service through its paces with a number of questions covering topics such as their order execution policy and whose clients are covered by the Lloyd's of London insurance. The operators were well-informed and accommodating.

Among the best in this area is MultiBank Group, which offers free deposits and withdrawals using a broad range of ways such as bank transfer, credit/debit card, digital wallet, and cryptocurrency, among others.

Standard, Pro, and ECN accounts are the three primary types of accounts offered by Multibank Group. The most significant distinctions are the minimum deposit and spreads.

MultiBank Group provides free demo accounts for MetaTrader 4 and MetaTrader 5, as well as other trading platforms. Derivatives trading accounts are especially beneficial for novices since they allow them to test their methods and become familiar with the trading platform without having to risk any real money.

A live quotation feature and simulation of live market circumstances are available in the demo account, which is available for assets such as FX and CFD on commodities, indices and stocks. Users may simply transition from a demo account to a real account once they have gained familiarity with the platform.

MultiBank Group provides a swap-free Islamic account that is compliant with the rules of Sharia law, according to the company. This account is exempt from any and all swap costs and credits.

One of the reasons why traders are drawn to the forex and CFD markets is the large amount of leverage that is offered. Using leverage to enhance the size of your trading positions beyond what would be achievable if you simply used the cash in your account is defined as follows:

At MultiBank Group, the highest leverage available for a Standard Account is 1:500. This implies that with a $1,000 account, you may manage positions in the market worth up to $500,000, depending on the market. Leverage is frequently referred to as a 'double-edged sword' since it has the potential to harm you just as much as it has the potential to benefit you. It is important for traders to realize that leverage can increase both their earnings and their losses.

The account opening procedure is entirely digital, and it can be finished in a matter of minutes by visiting the company's official website. Standard, Pro, and ECN are the three primary account categories offered by Multibank.

Completing the application takes an average of three minutes on average. Prospective clients who wish to create an individual account with the MultiBank Group's offshore business must first complete the questions listed below before proceeding.

MultiBank Group accepts customers from the vast majority of nations on the planet. Clients from Burma (Myanmar), Burundi, the Central African Republic, the Congo, the Crimean area of Ukraine, Cuba, Iran, Japan, Libya, North Korea, Somalia, South Sudan, Syria, the United States, Venezuela, Yemen, and Zimbabwe, on the other hand, are not permitted to participate.

The MultiBank Group's website provides market research and information. Every day, a number of articles are produced, covering the most important market news stories.

MultiBank Group provides in-depth coverage and analysis of major market news topics, such as Elon Musk's acquisition of Twitter and the Federal Reserve's most recent policy announcement. Articles cover a wide range of markets, including cryptocurrency, FX, commodities, and equities, among other things.


MultiBank Group publishes long-form instructional publications on its website, which may be found here. New information is published on a regular basis.

MultiBank Group has made detailed, well-written articles available on the website to assist traders in becoming more familiar with the market. Introductions to various markets, such as cryptocurrency and commodities, are included in this category.

The addition of webinars and courses to the MultiBank Group's educational offerings would be beneficial.

MultiBank Group is a strong broker in several of the areas that are most important to experienced traders, including execution speed. For busy traders, low trading-related fees help to cut expenditures to a bare minimum. Deposits and withdrawals are both free and quick, and there is a large variety of methods to choose from. Customer service is available at any time of day or night. MAM/PAM, VPS Hosting, and Fix API, among other tools, are accessible for professional traders and money managers. Trades can take advantage of extraordinarily high levels of leverage. When you get insurance from Lloyd's of London, you can rest certain that your cash are secure.

Traders who are new to the markets may be dissatisfied with the limited instructional resources available to them. The demo account and social trading, on the other hand, are two features that are available to novices who are just getting their feet wet in the world of forex and CFD trading and may be quite beneficial.

MultiBank was established in 2005 and is owned by MEX Group Worldwide. The broker has received numerous awards, including Best MT4 Execution Broker (The Forex Expo Dubai), Best FX Trading Platform (MENA 2020), Best Financial Derivatives Provider in Asia and Europe (Global Brands Magazine, 2020), Best APAC Region Broker (International Financial Awards, 2020), and others.

With MultiBank, you may trade a variety of goods such as forex, metals, stocks, indexes, and commodities on a variety of trading platforms that are available. There is also a white label cooperation option available for brokers that are interested. MultiBank is one of the most competitive brokers on the market because of its global presence and favorable trading conditions.

MultiBank Group has 80,000 clients and executes millions of deals every year, according to the company. His overall transaction volume is 1.87 trillion dollars and growing. He has also become a sponsor for corporations such as BMW and Toyota. The broker has definitely been in the business for a long time and has a good reputation in the community.

There are various tools available at MultiBank that give you an indication of who the broker's target clients are. As a result of the limited number of instructional resources available at MultiBank Group, total newcomers may find it difficult to get started. That is not to suggest, however, that you must be a seasoned professional in order to join this broker.

Traders may "invest smarter" by taking use of features such as Social Trading. You may learn to trade by copying the moves of successful and consistent traders. Social Trading is beneficial in both directions. Traders who operate as Signal Providers have the opportunity to increase their revenue by earning more money when investors imitate their account and trading decisions. Social Trading implies that this broker works with traders from many walks of life, both experienced and inexperienced (ish).

Islamist merchants should not be concerned about being left out, since there are Islamic Account choices available for people who adhere to the Islamic religion. The Islamic Account at MultiBank enables Muslim merchants to avoid paying exchange fees by using the account. In conclusion, while MultiBank may not be suitable for total beginners, it is still a versatile broker that can accommodate traders of varying levels of expertise.

There are 25 offices in all across the world. MultiBank is one of the world's largest derivatives firms, with a paid capital of $322 million, making it one of the largest in the world. Despite being based in California, it has a global presence, with twenty-five offices in important global destinations such as Hong Kong, Australia, Malaysia, China, the Cayman Islands, and other regions, as well as in California.
There are seven regulating bodies. MultiBank is a conglomerate, and each of its companies is severely regulated by organizations such as the CIMA (Cayman Islands), the FSC (BVI), the DFSA (UAE), the CNMV (Spain), the FMA (Austria), the BaFin (Germany), and the Australian Securities and Investments Commission (ASIC) (Australia). Investors that are searching for regulation to provide them with piece of mind would welcome the strict control provided.

The company was established in 2005. MultiBank has been in the financial services market for sixteen years. This broker, which was founded by Naser Taher and has its headquarters in Hong Kong, is well-versed in the CFD and Forex markets. Despite the fact that this is a young firm, it has a strong reputation that has been created over the period of over two decades.
Spreads that are the tightest. In addition to offering competitive trading conditions, MultiBank also offers narrow spreads, as seen by the figures lower down in this article. The typical spreads on the ECN Pro account are zero cents per transaction. The average spreads on MultiBank Pro are 0.8, whereas the average spreads on Maximum are 1.4.

Leverage. MultiBank's leverage is another another illustration of the optimal trading circumstances that can be found there. Leverage of up to 500:1 is available from the broker.


In addition to the Cayman Islands Monetary Authority (CIMA), the Financial Services Commission (FSC) of the British Virgin Islands, the Dubai Financial Services Authority (DFSA) in the United Arab Emirates, the Comision Nacional del Mercado de Valores in Spain (CNMV), the Financial Market Authority of Austria (FMA), the Federal Financial Supervisory Authority (BaFin) in Germany, and the Australian Securities and Investments Commission (ASIC), MultiBank is regulated by the Cay

The commissions you earn will vary depending on the type of account you pick, but the fees are reasonably priced in comparison. When you trade forex, for example, you will be charged a cost of $3 per lot. ECN Pro, MultiBank Pro, Maximus, and MT5 are the most popular accounts at MultiBank, and they are all available online. Each of these platforms has something unique to offer users.

The ECN Pro platform provides you with a live raw pricing feed as well as access to the tightest spreads available in the market. The platform provides immediate, consistent execution 24 hours a day, seven days a week, with leverage of up to 500:1. There are forty-five different currency pairings available, as well as five different levels of market depth. Last but not least, there are no restrictions on EA. Spreads for the EUR/USD begin at 0.1 cents.

The MultiBank Pro platform contains characteristics that are comparable to those of the ECN Pro platform, and it makes use of the MetaTrader 4 platform (one of the industry standards for trading). However, as compared to ECN, you will not be required to make as large an investment. Minimum deposits for ECN Pro and MultiBank Pro start at $5,000 and $1,000, respectively.

The third type of account is the Maximus account, which needs a minimum balance of $50. Known as the "no frills" account, MultiBank Pro also offers the Maximus account, which leverages the MT4 platform as well. For the EUR/USD, the spreads start at 1.5. You can trade on your mobile device, the web, or your desktop computer, just as you can with the other accounts. There are no limits on scalping or expert advisors while using Maximum.

Fourth, as you may have guessed from the name, the MT5 account allows you to trade with MetaTrader 5, which is an even more complex version of the popular MetaTrader 4 platform. Cryptocurrencies, commodities, stocks, indices, metals, and foreign exchange are examples of tradable items. There is a professional adviser, more than eighty technical analytical tools, one-click trading, VPS hosting, and a stop out limit of 50% available to customers. In addition, the MQL5 supports algorithmic trading.

MultiBank's dependability is demonstrated by its sixteen years of experience in the sector and in regulatory compliance. The seamless, glitch-free VPS hosting provided by MultiBan, which offers minimal latency, is another dependable feature of the company. VPS (Virtual Private Servers) are provided free of charge to all MultiBank clients who request them.

Customers may use the VPS to run terminals around the clock, benefiting from "stable, dependable" trading circumstances that allow them to trade remotely from any location. The virtual private server is compatible with all operating systems, and you do not need to install the MetaTrader 4 terminal in order for it to function properly. Because of the high data rate interchange between the main and remote servers, the virtual private server (VPS) is both quick and smooth.

In order to provide a great user experience, platforms such as MetaTrader 4 and MetaTrader 5 have established themselves as industry standards, which speaks well for MultiBank's future. Additionally, the level of customer care provided by this broker is exceptional. A multilingual customer service team is available 24 hours a day, five days a week. In addition to the hundreds of phone numbers provided, you may reach out to this broker by email, live chat, or video conference, among other methods. Please keep in mind that the video chat is only available upon request. On the Contact Page of MultiBank's main website, there is a form that you may fill out.

All things considered, MultiBank is an excellent alternative for anybody looking for a broker with a lengthy history in the business, several account options, and VPS hosting. MultiBank has more than twenty-five global offices and is one of the largest and most highly regulated derivatives firms in the world, according to the Financial Times. Despite the fact that this broker is not suitable for complete beginners, traders of all other experience levels will find MultiBank to be an excellent choice.

If you want to trade successfully, you need find a reputable broker. Each and every successful Forex trader is familiar with this piece of general information. In other cases, they have discovered the hard way that neglecting this work and failing to identify the most appropriate brokerage firm for their needs may lead to financial ruin if not done correctly.

Regrettably, the internet is awash with scam brokers and accounts of individuals who have been duped by unscrupulous brokers. It is quite simple for such fraudulent corporations to establish up their own brokerage firm, portray their offers as the most interesting and lucrative available, and recruit a large number of new consumers to their platform.

However, there are certain brokers that are concerned about their clients' financial well-being and the financial stability of their clients. And finding them is not always difficult; it simply requires some time and effort to do market research on the available supply.

Our staff at Top Forex Brokers has established a goal for itself: to assist consumers in making the best decision possible. As a result, we choose a variety of brokers on a regular basis and provide an in-depth assessment of them. MultiBank, one of the most well-known brokers on the market, will be the subject of today's discussion.

The website and software support of the broker will be examined in this study, followed by an examination of the broker's license paperwork to establish how well-regulated MultiBank is, and lastly an examination of the actual figures on the platform. So let's get this party started.

The first round of MultiBank review
Multibank FX brokerage is perhaps one of the better definitions we can come up with when trying to come up with an example of a multinational financial organization to illustrate our point. According to our MultiBank FX review, the firm's headquarters are in Hong Kong, and the company has an astounding number of approximately a dozen offices spread across the world, which is quite outstanding.

In addition to the United States, offices are located in Germany, the Cayman Islands, China, Spain, and the United Arab Emirates, among many other nations.

However, the number of offices a broker has does not necessarily imply the quality of the broker's services. The answer to that question can only be found by doing in-depth research on their products and services, which is exactly what we will accomplish in this study.

First and foremost, let us begin with a brief description of the website, as it is the first point of contact with the users. After spending time on this website, we can say one thing for certain: while it is not the most aesthetically simple website on the planet, the certainly performs an excellent job when it comes to providing a top-notch online experience for its visitors.

Although the aesthetic part of the interface is a little cluttered with visual decorations (rich graphics, numerous transition or parallax effects, and so on), the overall experience is positive. However, this does not detract from a satisfactory experience in terms of locating the appropriate information about the broker. Whether you're looking for information on the license, trading terms and conditions, or account kinds, this website will direct you to the appropriate place with a single click.

While we're on the subject of account kinds, Multibank offers three different sorts of primary account packages: Live, Demo, and Islamic. The Live account may be separated into three main platforms: ECN Pro, MultiBank Pro, and Maximus. Each platform has its own set of features. All of these distinct accounts and sub-account platforms are fantastic in their own right, and we'll go over each of them in further detail later down the page.

We just want to point out that having Demo and Islamic accounts available on the platform is a thoughtful gesture on the part of the Multibank Forex broker, and it demonstrates how much the broker cares about all of its clients, regardless of whether they have little or no experience in trading or whether they come from different countries with different attitudes toward trading.

Then there's the trading software that serves as the engine for the entire platform. The most important piece of trading software you'll be using on MultiBank is MetaTrader 4, which is the most shrewd move a broker can make in these days' market conditions. A widely-used and dependable platform, MetaTrader 4 (MT4) provides a top-notch trading experience across the board. When you take into account all of the platforms we mentioned before (ECN Pro, MultiBank Pro, and Maximus), the software is loaded with a significant amount of additional functionality.


Moving on, let's take a look at the regulatory paperwork that the broker has on hand right now. We previously said that MultiBank FX brokerage has several headquarters and offices across the world, including in the United States, Germany, Australia, and other countries. Obviously, this entails that the broker is likewise licensed by all of those nations, which is accomplished through their respective financial regulators.

BaFin (Germany), ASIC (Australia), FMA (Austria), CNMV (Spain), and a number of other regulatory bodies have had a significant impact on MulTibank. As you can see, several of the countries on this list are highly industrialized nations that impose stringent financial regulations on their citizens and citizens of other countries.

As a result, if there is any suspicion that the MultiBank fraud is taking place, it is quite doubtful that these financial institutions will give the broker a pass on this. And because we haven't seen any evidence of a substantial breach of laws recorded by these organizations, we're inclined to think that the concerns raised above are simply that: suspicions.

Are MultiBank's promotional offers legitimate? Finally, we will have a look at the trading circumstances and real figures on the MultiBank stock exchange platform. The leverage and spreads will be the first two topics discussed in this part, as they have been in the past. There are five degrees of leverage available on MultiBank from which traders may choose: 1:100, 1200, 1300, 1400, and 1500. In addition, the maximum ratio of 1:500 raises our MultiBank assessment even further, leading us to assume that the broker is indeed the genuine thing in terms of reliability and legitimacy.

There are also spreads to consider. With this broker, the spreads on Forex pairs may be as low as 0.1 pips on the ECN platform and 1.5 pips on the Maximus platform, which is still a favorable trading environment. This implies that the discrepancy between the bid and ask prices, which benefits the broker at the expense of the trader, is minimized to the greatest extent feasible.

After that, we'll talk about the bonuses that are offered on the platform. In addition, MultiBank provides a variety of benefits to its customers, including a 100 percent bonus, a 25 percent bonus, an Imperial bonus, and a Refer a Friend bonus. In addition to improving your trading experience on MultiBank, all four of these promotions will help you take your positions to the next level.

Final thoughts on the minimum deposit requirement and payment options accessible on the site will be discussed. As of right now, the minimum deposit that a MultiBank customer must make is $50, which is rather modest when compared to the minimum deposits that other Forex brokers need from consumers.

To make that deposit, consumers can choose from a wide range of financial systems that are available to them. Upon completing the process of funding your account, the broker will provide you with a selection of which branch you wish to trade with. Depending on your preference, you will either receive an ASIC-regulated branch or one that has received FSC or RAK certification.

One of the most significant distinctions between these two disciplines is the help provided by financial platforms. Every single one of them accepts payments through bank wire, credit cards, Neteller, and Skrill, but only the latter two accept Bitcoin, Ethereum, and USD Tether, which is a remarkable feature to find on a Forex broker website.

Now that we've gone over these ideas briefly, let's go a little further and look at all of the specifics in greater depth.

As previously said, the website is a very effective website that offers visitors with all of the information they need concerning trading circumstances. The same cannot be said, however, about the website's design, which is overflowing with graphics, visual effects, and beautiful fonts that, although good for a different sort of website, are unsuitable for a Forex broker, to be honest.

After we've finished looking at the aesthetic aspects of the website, we'll have a look at the informational aspects of it. The entire site is separated into six main sections: About Us, Products, Platforms, Account & Funding, Tools, and Partnership. About Us is a section that contains information about the company and its products. Almost all of these sections provide critical information about the broker itself, such as which license materials it possesses, what trading terms and conditions it offers, and a great deal more.

Not only that, but because MultiBang FX broker is a global financial company, its website is available in nine additional languages in addition to English, which is a significant plus.

We must explicitly mention the ECN platform since it is one of the most advanced and lucrative trading platforms available in the business at the present time, and it deserves special notice. The ECN (Electronic Communications Network) is an acronym that refers to a network that allows traders to connect directly to liquidity providers, who are organizations that actually supply various assets to traders, and obtain price quotations from them.

This implies that if a trader wants to create a position, he or she may directly negotiate with the supplier, rather than having to go via a broker, which normally makes things more cumbersome and costs significantly higher. Therefore, the bid-ask spread on the ECN is significantly lower than on the traditional platform.

Overall, we can confidently conclude that the Live account sub-segment has a great deal to offer MultiBank clients. But there's more: the site also offers a Demo account, as well as an Islamic account for those who choose to follow Islam. People can start trading and get more experience without risking anything, or they can use an Islamic account that is free of swaps and interest, in compliance with Islamic sharia law, to start trading and develop more experience.

During our MultiBank FX study, we discovered that the broker has a total of five different trading choices available to customers. There are three real accounts, as previously indicated, as well as one demo account and one Islamic account, for a total of five accounts.

Furthermore, traders will have the opportunity to get their hands on the MultiBank FX MT4 software, which offers a variety of alternatives depending on their own preferences and needs. However, despite of these distinctions, MetaTrader 4 offers several common advantages that are applicable to all of these options: Expert Advisors (automated trading), a plethora of technical indicators, market news, and several more features are available.

On top of that, traders will have access to variants of the company's very own MultiBank platform, which we will describe as both Web and Mobile trading software for the sake of this discussion. Normally, we wouldn't consider custom-made software to be an advantage since an unscrupulous firm may fiddle with the algorithms, but with MultiBank, we can be confident that it's legitimately created. And the reason for this will be explained in detail in the next chapter.

Is MultiBank FX a reliable source of information? As previously said, simply because MultiBank FX has several offices located across the world does not imply that it can be relied upon in any kind. However, it is the collection of licenses it has obtained from various regulatory bodies in the nations where it has established a presence that gives it credibility.
The account packages are the next crucial topic that we need to cover in this discussion. MultiBank offers three distinct types of accounts: Live, Demo, and Islamic. Each account has its own set of features. On its own, the live account has three independent platforms: ECN Pro, MultiBank Pro, and Maximus, each of which is unique in its own way.

There are several parts to trading conditions, including things like leverage, spreads, bonus offers, deposit and withdrawal requirements, as well as a variety of other specifics and subtleties. All of this has been investigated, and we will offer it to you on the premise of "comparison" to the market they are attempting to penetrate. As a result, without further ado, let's get started with leverage.

MultiBank FX offers a maximum leverage of 1:500 on key currency pairings, which is much larger than the leverage offered by the majority of their competitors on the market. Sure, there are some brokers who give a leverage of 1:1000 or close to it, but with an average leverage of roughly 1:300, MultiBank FX brokerage is able to meet the demands of both experienced and novice traders.

Naturally, this assessment is mostly focused on foreign exchange and does not examine their offers in other areas such as equities or commodities, although they do offer industry-standard leverage in other areas as well.

Although MultiBank understands the risks connected with supplying such a high leverage ratio to its customers, the bank also recognizes that there are several risks associated with using this instrument. Profits and losses may both be increased rather readily when this occurs. As a result, the broker has imposed certain stringent requirements on its margin.

Whenever the leverage is less than 1:300, the stop-out level is 50 percent, and it is 100 percent if the leverage is greater than 1:300. The stop-out level is when the open positions are immediately closed. In this way, the broker will be shielded against the possibility of a negative account balance, which can lead to financial ruin for some people.

It doesn't truly meet the objectives of our MultiBank FX evaluation, no matter how favorable the leverage situation appears to be. In order to assess the entire profitability, we must combine it with the spreads that are accessible through the brokerage firm.

However, we are pleased to note that the spreads on key currency pairings on this platform are among the lowest that can be found elsewhere on the whole market, which is a rare occurrence. Depending on the program and account type that you are using, you will receive a spread range that corresponds to that software and account type.

The EUR/USD pair has a spread as low as 0.1 pips on the ECN Pro platform and as high as 1.5 pips on the Maximus platform, according to our research. In the great scheme of things, your choice between these two platforms will be determined by the fact that they each have their own set of needs, which we will discuss in more detail in the next paragraph.

Next, let's take a look at all of the different bonus promos that are now available on MultiBank. Having a respectable trading platform with favorable terms is one thing; supplementing that experience with even more interesting incentives is a whole new ballgame altogether.

When it comes to deposits, as previously said, the entire process varies depending on the account type in question.

For example, the minimum deposit with ECN Pro is $5,000, which is a substantial sum for a newbie, but manageable for a trader with a reasonable amount of expertise or veteran status.

The MutiBank Pro account operates in a somewhat different manner. Even a complete beginner who wants to take advantage of all of the benefits will be able to make a $1,000 deposit, which is more than plenty. Furthermore, when considering the markets that this broker serves, it is clear that this is not an excessive "price."

In the end, we have the Maximus account, which is most clearly a beginner's account, with a minimum deposit of only $50 required. However, when you take into consideration the fact that you can use hedging and scalping, it's one of the greatest novice accounts we've come across.

It doesn't appear that MultiBank FX charges any fees for withdrawals, which provides us with even greater peace of mind as traders. If the MultiBank FX scam had been legitimate, we would have been charged a percentage-based cost for bigger accounts and a flat price for smaller accounts, according to our calculations. This is commonly employed to drain as much money as possible from traders, however in this situation, it is entirely safe.

Withdrawals may be made through wire transfer, SWIFT, Skrill, Neteller, credit/debit cards, and PayTrust, among other methods. The good news is that funds may be withdrawn in a variety of currencies, with around a dozen different ones available.

These currencies are the US dollar, the British pound, the euro, the Japanese yen, the Swiss franc, the Australian dollar, the New Zealand dollar, and the Canadian dollar.

As for any additional fees or charges, the only one that a trader may confront is the "inactivity fee," which is activated if an account has not been used for 13 consecutive months without being reactivated. As soon as that criterion is reached, the trader will be charged $10 for each month the account stays inactive, although this is still a fairly lenient penalty policy. When it comes to trading conditions, we can confidently state that MultiBank FX meets or exceeds all industry norms, and in certain circumstances, goes above and beyond them. MultiBank is one of the most profitable brokers you can discover on the internet, thanks to its 1:500 maximum leverage, spreads as low as 0.1 pips, generous bonuses, and a variety of additional features.

Because of this, our overall judgment on the broker is as follows: MultiBank earns the highest rating possible from us, and we strongly recommend it to all of our readers.

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Reviewed by Arpita Singh

Arpita SinghArpita Singh is the main writer at As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.