MultiBank Review
π² Min Deposit $50
β Year Established 2005
πΌ Regulation
π‘ Min Position 0.01 lot
π Website www.multibankfx.com
π Country
β Max Leverage 1:500
π° Bonus offers
π Trading contests
π Free education
π¨βπ» PAMM
π MAM
π Segregated accounts
π Managed accounts
π Islamic accounts available
πΊ Vps
MultiBank Group was established in California, USA, in 2005 with headquarters in Hong Kong. Combining prime liquidity, cutting edge technology and first-class customer service, MultiBank Group delivers advanced trading platforms and tight pricing in online ο¬nancial products, including Forex, Metals, Shares, Commodities, Indices and Cryptocurrencies. MultiBank Group boasts a daily trading volume in excess of $7.2 billion and provides services to over 320,000 clients across 90 countries worldwide.
This broker has also been regulated by SIC, BaFin, CIMA, CNMV, FMA, TFG, HKCE, AUSTRAC, VFSC
Account Information
Apart from the forex demo account, this broker offers STANDARD, PRO, ECN and MEX Sports. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by MultiBank is up to 1: 500. Meanwhile, you can open an account with a starting capital of $50.
Min Deposit
$50
Max Leverage
1:500
Spread
Variable
Commission
$3
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
π² Min Deposit $50
π‘ Min Position 0.01 lot
π’ Spread Variable
π Scalping
π€ Expert Advisors
β± Trailing stop
β³ Pending orders
1οΈβ£ One-click trading
β‘ Automated trading
πΈ Commission
Instruments Traded
Besides lots of currency pair, MultiBank also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for STANDARD account, MultiBank specifically provides it with the following instruments and leverage:
π² Min Deposit $1000
π‘ Min Position 0.01 lot
π’ Spread Variable
π Scalping
π€ Expert Advisors
β± Trailing stop
β³ Pending orders
1οΈβ£ One-click trading
β‘ Automated trading
πΈ Commission
Instruments Traded
Besides lots of currency pair, MultiBank also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for PRO account, MultiBank specifically provides it with the following instruments and leverage:
π² Min Deposit $5000
π‘ Min Position 0.01 lot
π’ Spread Variable
π Scalping
π€ Expert Advisors
π± Hedging
β± Trailing stop
β³ Pending orders
1οΈβ£ One-click trading
β‘ Automated trading
πΈ Commission $3
Instruments Traded
Besides lots of currency pair, MultiBank also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for ECN account, MultiBank specifically provides it with the following instruments and leverage:
π² Min Deposit $50
π‘ Min Position 0.01 lot
π’ Spread
π Scalping
π€ Expert Advisors
β± Trailing stop
β³ Pending orders
1οΈβ£ One-click trading
β‘ Automated trading
πΈ Commission
Instruments Traded
Besides lots of currency pair, MultiBank also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for MEX Sports account, MultiBank specifically provides it with the following instruments and leverage:
Payment Methods
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
MultiBank also provides payment with Credit/debit cards, UnionPay, Thunder X Pay, Tether (USDT), SEPA, Perfect Money, PayTrust, POLi, GlobePay, Crypto and AwePay
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, MultiBank offers you Hereby, MultiBank offers you MetaTrader4, MetaTrader5, Web trader, Social Trading and and Mobile App.
Customer Support
Do you have any question or find any trouble related to MultiBank? If you do, you should reach MultiBank's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About MultiBank
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if MultiBank is a good broker for you or not by reviewing the criteria. In general, MultiBank provides trading service in Forex , Gold & silver , CFD and Crypto . As for the payment methods, you can choose between Credit/debit cards, PayTrust, SEPA, AwePay, GlobePay, Thunder X Pay, POLi, UnionPay, Crypto, Neteller, Perfect Money, Skrill, Tether (USDT) and Wire transfer. The customer support is available via Callback, Email, Live chat, Phone and Skype.
The starting capital in MultiBank is $$50.
MultiBank is regulated by BaFin, CIMA, CNMV, FMA, TFG, HKCE, AUSTRAC and VFSC. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
MultiBank is a brokerage company offering trading services for clients since 2005 with offices in Germany, Cayman Islands, Spain, New Zealand, Hong Kong, Australia and Vanuatu.
