MultiBank Group Reviews Read Customer Service Reviews of multibankfx com 4 of 51

Accounts inactive for three consecutive months are archived as inactive. MultiBank Group may charge a monthly maintenance fee of $60 each month for such accounts. Fund security is further reinforced by a $1,000,000 Excess Loss Insurance policy through Lloyd’s of London for MEX Atlantic clients. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Trading Fees

• Demo accounts are freely available online, desktop and on the mobile apps.
• At the same time, accounts that beginners, intermediate and advanced investors can use become available for trading.
• MultiBank licenses include top-tier ASIC, BaFin, and CySEC, hence is considered low-risk Forex and CFD trading.
• Below is an overview of the regions where trading with MultiBank Group is either prohibited or restricted due to regulatory constraints.
• All account types come with access to MT4, MT5, MultiBank.io, and MultiBank-Plus platforms, social trading tools, free VPS hosting, 24/7 technical support, and multilingual customer service.

One of the key additional charges is the monthly maintenance fee, which is $60 per month for accounts with low or inactive balances. MultiBank offers rollover or swap rates on overnight positions, which are the fees applied when holding a position beyond the trading day. These rates are determined by the interest rate differential between the two currencies being traded and can vary depending on market conditions, the currency pair, and the direction of the trade. As traders increase their trading volume, the commission is further discounted to $2 per lot, providing an incentive for higher trade https://lunarcapital.net/ activity. However, the broker’s international trading is conducted under offshore regulators.

What is the minimum deposit for MultiBank?

The broker also supports popular trading platforms MT4 and MT5 and its proprietary MultiBank-Plus platform. The latter includes social and copy trading tools making it a good choice for beginners. MultiBank Group is regulated by 12+ different forex authorities – the most I’ve encountered. The broker offers three account types, including an ECN account with spreads from 0.0 pips and a $3.00 commission per lot. Trading platforms include MT4, MT5 and the MultiBank-Plus platform, which features integrated social and copy trading tools. The reality is that only 1042 markets are available by default on its MetaTrader platforms.

Trading Platforms

Within less than a minute, a MultiBank Group representative will call. This was an extra thing compared to many brokers, but on the other hand it is always reassuring to see your broker taking extra care over security and this is what MultiBank Group is doing here. I appreciate that MultiBank Group invested in the development of a proprietary copy trading platform. Together with its MAM/PAMM accounts, it presents an excellent choice for asset managers, especially those geared towards equity portfolios.

It’s like a more modern and robust version of MT4, built for those who want more depth in their trading tools. One major difference I noticed is that MT4 was primarily built for decentralised markets like forex, while MT5 is a true multi-asset platform. With MultiBank Group, this means you can trade stock CFDs in addition to forex, since stocks are traded via centralised exchanges (something MT4 doesn’t support). Traders can also engage with global indices, commodities, and a selection of precious metals like gold and silver. This coverage guarantees client protection on a per account basis, with further insurance options available. MultiBank Group also works exclusively with Tier 1 banks, adding another layer of institutional grade safety to its offering.

Forex Scams

This extensive regulatory coverage adds a strong layer of trust and security for traders across different regions. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

An ECN account is best-suited for traders looking for raw spreads and instant execution. This is my preferred account type because I use scalping systems that require the tightest spread and quickest execution speeds possible. The Pro account is suitable for traders looking to take advantage of zero commissions, tight spreads, and instant execution.

Whatever trading strategy idea you have, chances are that it can be brought to life in the MetaTrader platforms. That being said, it is good to see that the broker has provided some additional trading tools to help enhance your overall trading experience. Founded in California, USA in 2005, MultiBank Group has become a global brand with a large capital base and multiple branches across the globe.

He has a Masters and Commerce degree and has an active role in the fintech community. In addition, MultiBank provides a “Mission Centre” and an FAQ section on its site, though these resources are relatively basic. Funding options are another important part of the equation when evaluating a broker.

• This is my preferred account type because I use scalping systems that require the tightest spread and quickest execution speeds possible.
• With a low minimum deposit of $50, it features commission-free trading, stable spreads starting from 1.5 pips, and instant execution.
• Overall, MultiBank offers a solid trading experience for both beginners and experienced traders, with competitive fees and a wide selection of assets.
• These platforms support advanced charting, instant execution, and seamless integration across devices.
• Scalping and EA-use is available and instant execution is part of this package too.

Final Thoughts: Fast, Secure, and No Hidden Fees

I suspect the issue stemmed from a surge in trading activity following the inflation news. Managed accounts for pros or investors, with free access—a rare bonus. Launched in 2024, MultiBank-Plus offers a clean, intuitive interface for beginners, with robust tools for pros. With no dealing desk and direct interbank access, MultiBank delivers nano-second execution—no requotes, no rejections. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

Over the years, MultiBank Group has maintained an unblemished regulatory record with all its regulators since 2005. MultiBank FX offers the industry-favorite MetaTrader 4 and MetaTrader 5 platforms. Alternatively, the broker’s web trader solution, MultiBank-Plus, enables investing from any browser and operating system. Opening a MultiBank demo account is a simple and quick process, allowing traders to practice risk-free before committing real funds. To get started, visit the MultiBank Group website and navigate to the demo account registration page.

He is a forex industry expert and an active fintech and crypto researcher.