MultiBank Review 2023 Pros and Cons Uncovered

Meanwhile, the MultiBank Group is regulated by seven major financial regulators worldwide. The regulator list is really impressive and it includes, financial watchdogs like ASIC, BAFIN, CIMA, FMA, TFG, MAS, AUSTRAC, BVI, VFSC. Their different branches also have corresponding regulators watching over them. This section tends to be the shortest in this industry, but in this, we have a rare broker with a LIST of financial regulators. Trading now has a lot of potential excitement, thanks to this website.

I have used a VPS for years because it is a great way for me to compare brokers and run my automated strategies remotely so that I do not need my computer constantly switched on. You can get a free VPS from some other top brokers including IC Markets. Traders can become signal providers by allowing other traders (investors) to automatically copy their trades while they earn a commission on profitable trades. Multibank provides a list of signal providers and their performance statistics. This is for the investors to choose a provider to copy trades from.

There are mainly three account types across global entities for trading CFDs and forex, including Standard, Pro, and ECN. MultiBank customers can also use demo trading to experiment with the platform without real money investments. On top of that, the firm also has numerous features that improve your trading experience.

Mobile trading platform

Further, a wide variety of offers are available for the businessmen to help the community of traders in attaining trading objectives. The ECN Pro account helps the users in trading in typical market conditions and also helps in generating a lot of commission. The starting point of this account is 0.1 pips, and the help desk of the ECN Pro type is highly effective. Another example of a report is MultiBank Pro, and it operates at a floating rate of 0.8 pips in typical market scenarios.

  • The CPA affiliate program at MultiBank FX allows users to earn up to $1000 in commission for every referred active trader.
  • This is a commission-free account that is perfect for new traders looking to start investing.
  • Third is the Maximus account, which requires a minimum account size of $50.
  • MultiBank is an award-winning broker that has been around for amy years.

The total amount of money you can get comes up to thousands of dollars, which everyone can agree is significant. Naturally, getting to that amount takes some funds and effort, and the broker won’t give you thousands for signing up. However, the bonuses are still a nice boon to your trading experience, tilting the odds in your favor. Trading commodities is also possible on MultiBank with a swap-free trading account, low margin on all commodities, and tight spreads at zero commission.

With its several offices located in Australia, Germany, United States, Spain, Austria, UAE, Vietnam, Cyprus, and the British Virgin Islands, it is one of the most experienced names in online trading. They offer a trading limefx broker reviews platform that provides a wide range of assets that help in achieving trading objectives. The various products that they trade are indices, spot metals, Cryptocurrencies, individual stocks, commodities & Forex pairs.

Is MultiBank’s 20% deposit bonus legit?

Near the start of our MultiBank Group broker review, we also mentioned its social trading features and bonuses. The real-time market data and advanced charting tools provide valuable insights for making profitable trades. The site’s low fees and excellent customer support make it a top choice for traders looking for a reliable and efficient trading platform. The reality is that only 1042 markets are available by default on its MetaTrader and cTrader platforms. This frustrating process is at odds with how most brokers deliver investment products.

MultiBank Group wants to offer the safest conditions to its traders. Their first initiative is the stop-out level, where trading platforms are set to automatically close open options when the stop-out level is reached. The Multi Account Manager (MAM) software is provided by MultiBank for its asset managers who manage several accounts at the same time. The software is user friendly and supports a wide variety of trading technologies including the use of Expert Advisors (EAs). A manager can trade multiple accounts simultaneously from one Master account. This can be a great solution for anyone who wants to invest in another strategy or those of you who have your own strategy to share with others.

I have been trading stocks for a while…

On top of that, it looks pretty appealing and doesn’t jump at you with promotional materials. MultiBank Group offers a shocking number of options to get in touch with its customer service. They provide help in many languages for your comfort and have specific numbers for different countries, so you do not have to wait in long lines on your phone. Beginners can easily join with a minuscule minimum deposit but beware of the wide spreads.

Funds Trading and Security

It allows the broker to be much more diverse with its service, as well as become more affordable. An example of that is the firm’s cheapest account requiring a mere $50 deposit. Using the MultiBank Group platform was a delightful experience for me.

MultiBank Group Reviews

Further, the MultiBank Group can be accessed through the MetaTrader 4 platform. Since it has got a stamp of the safety certificate by the top-tier ASIC, MultiBank exchange is very safe, and another reason behind this is that it was incepted way back in 2005. Further, the customer service of the MultiBank Group is highly efficient and helps online traders in generating a lot of money. It is a worldwide brand that is composed of global CFD and FX brokers. MultiBank Group is a global financial company that owns companies that generally fall into the category of resource management.

This MultiBank Group review will focus on all aspects of this brand. We found a lot of pros and cons thanks to their extremely informative website. MultiBank Group’s best feature is its relatively high Trust Score; the broker holds multiple regulatory licenses, including Tier-1 licenses in Singapore and Australia. Also worth noting is its license to operate as a cryptocurrency exchange. Educational content at MultiBank is limited to a series of basic videos and ebooks powered by MTE Media, which are available on a new dedicated education section on the broker’s website.

It is always good to see a broker support traders with different religious beliefs but is also something I have come to expect nowadays. The Pro account is suitable for traders looking to take advantage of zero commissions, tight spreads, and instant execution. All content on is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.

That means the “price” sits at $50, which is quite affordable for potential traders and investors. Naturally, price here isn’t an exact term, as you still get the entire sum to trade with. As such, MultiBank Group is actually one of the cheaper brokerages, even with its quality and experience.

Can you open an account?

If you wish to receive a phone call, just fill the ‘Get a call back’ form which is available on every web page. There is also a ‘Request a video conference’ form on the contact us page. To chat with a customer care representative, use the ‘chat now’ button to pull up the instant web chat window. You can also connect with the broker on social media; Facebook, twitter, YouTube, LinkedIn and Instagram.

For example, you’ll find fees of $3 per lot when you trade Forex. The main accounts at MultiBank include ECN Pro, MultiBank Pro, Maximus, and MT5. MultiBank FX has come out in the limelight by offering a 20% deposit bonus, allowing traders to claim up to $40,000 by making a minimum deposit of $1000. The MultiBank Group has multiple account types to suit different needs based on the preferences of the traders. To create a MultiBank account, traders need to choose any one of the following account types (Note that these are not demo accounts).

That can be a significant boost for newer and less secure traders. The funding structure and speed are also excellent, allowing your money to transfer quickly. That eliminates any sort of downtime or interruption while you trade or invest. Platforms like MetaTrader 4 and MetaTrader 5 have become industry standards for a positive user experience, so that bodes well for MultiBank.