No, based on your detected country of FI, you can’t open an account with this broker. Check out the current account balance requirements at MultiBank in our What is the minimum account balance at MultiBank article. Is MultiBank legit features all the key aspects you need to look at to see if a broker is safe and legit. You can set alerts and notifications on the MultiBank mobile platform. You can easily see your profit-loss balance and the commissions you paid.

Our MultiBank Group review of their trading conditions left us confident that the broker can only offer the best and safest options to their traders. Especially compared to other CFD brokers, MultiBank Group stands out. Demo accounts are freely available online, desktop and on the mobile apps. Demo accounts can be used to test the different trading platforms available and practice your trading strategies. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

• As such, it has three distinct account types, each with conditions appropriate for the fund level they sit at.
• As such, our MultiBank Group review will help you make an informed decision about using the broker’s services.
• MultiBank Group has a rating of 3.56 stars from 25 reviews, indicating that most customers are generally satisfied with their purchases.
• The funding structure and speed are also excellent, allowing your money to transfer quickly.
• MultiBank Group offers commission-free Forex mark-ups as low as 0.8 pips or $8.00 per round lot in the Pro account, but the Standard one lists them at 1.5 pips or $15.00.

The broker boasts of clients from more than 90 countries worldwide and a trading volume into the billions every day. Since inception, MultiBank has been recognized on numerous occasions for its brokerage services by industry experts and reputable organizations. They have won plenty of awards which I feel is a testament to the quality of the services that they provide.

Support

MultiBank Group is a versatile multi-asset brokerage that’s been around in the industry for quite a while. It started operating in 2005 and has been giving top-tier trading and investing services ever since. Its offices span limefx forex broker over numerous countries, with the firm operating in more than ten vital financial centers. Over its years of operating, the firm has constantly innovated and updated, always remaining relevant in online trading circles.

• It is regulated by AUSTRAC, BAFIN, ASIC, CIMA, ESCA, FMA, MAS, FSC, VFSC, and TFG.
• Social Trading indicates that this broker works with both sides of the spectrum, experienced and new(ish).
• Traders must also select their desired trading platform and account tier.
• You can also contact this broker via email, live chat, or video conference, in addition to the dozens of phone numbers offered.
• In this review, we use MultiBank as a name for brokerage purposes.
• It’s one of the most secure brokers on the internet, with a broad array of regulatory bodies watching it.

I was pleased to see this new educational portal, and I’m looking forward to seeing more content from MultiBank. That said, this broker still has a long way to go if it wants to compete with the best brokers for education. MultiBank Group offers both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms developed by MetaQuotes Software Corp, as well as the cTrader platform developed by Spotware Systems. The account opening process at MultiBank Group is relatively straightforward. Resources and applications for opening an account can be found within the client portal on the MultiBank Group website under the My MultiBank section. We tested it and collected the options and costs in How to withdraw money on MultiBank.

MultiBank summary

The most popular commodities traded on the MultiBank trading platform include cocoa, coffee, corn, soy, US Spot, and UK Spot. Traders can diversify their portfolios and capitalize on demand and supply trends to generate strong returns on their investments. The customer support offered by MultiBank is proficient https://limefx.biz/ and multilingual, offering services 24×7 via different platforms. The minimum deposit for the MultiBank Group Standard account is $50 or a currency equivalent. I strongly recommend the ECN account despite its high deposit requirement. Traders will get the most benefits from it due to excellent trading costs.

Is MultiBank Group Safe?

This broker provides four trading objectives that are all set for customers to use. The highly renowned and trustworthy MetaTrader 4 software is highly considered as their appropriate MultiBank position. Expert advice can be implemented with the help of the MetaTrader 4 option. MultiBank Group is an obscure financier who has negatively drawn the attention of regulators.

Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. Clients’ funds should be fully segregated from broker’s accounts. This is a regulatory stipulation and MultiBank must be completely compliant with this directive. Keep in mind that the minimum deposit requirement might vary depending on your country of residence and the MultiBank Group entity that holds your account. For example, if you deposit $1,000 of trading funds to receive a $200 promotional deposit bonus, the volume requirement to redeem the bonus would be 80 standard lots – or 8,000,000 units of currency.

Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. I had an amazing trading experience with MultiBank Group, which allowed me to achieve significant profits with low risk. My success can be attributed to their fast execution, diverse trading tools, and excellent trading conditions. Moreover, their trading accounts are customized to cater to all levels of experience and trading preferences. As we said earlier in our MultiBank Group broker review, the firm has two platforms.

Trading Platforms

Customer service is spot on and their platform is very friendly to a newbie like me. Multibank overall makes me feel secured with my funds/ investment. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.

I have always found support easy to deal with and wouldn’t have any issue reaching out to them again in the future. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. The Standard account requires just a $50 minimum deposit, but comes with higher relative spreads. In my opinion, MultiBank’s Standard account is best avoided unless you are a complete novice.

Deposit fees and options

We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Trustpilot is assessing this review in accordance with our flagging process.

You can get Autochartist through some other brokers, including Forex.com. Founded in California, USA in 2005, MultiBank Group has become a global brand with a large capital base and multiple branches across the globe. Along the way, they have helped to pioneer and shape the foreign exchange industry and continue to create industry leading products and services. The headquarters are in Hong Kong while other offices are in 15 locations across the world.

Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. The same funding options available for deposits can be used to withdraw funds at MultiBank. Though processes may vary depending on the MultiBank Group entity that holds your account, withdrawals typically require a withdrawal request form. MultiBank provides Excess Loss insurance with Lloyds of London protecting traders’ funds up to $1 million per account.MultiBank provides negative balance protection. For a full list of regulators, scroll down a bit to the table below.The regulator you belong to depends on the entity you choose during the account opening process. These accounts are straightforward to use & their framework, along with their working mechanism, is easy to comprehend.

The overall regulatory environment is superb, and MultiBank Group maintains a secure and trustworthy trading environment. To start, we need to emphasize the thoroughness and flexibility of MultiBank Group. It’s one of those vintage brokers that don’t do anything halfway through.