As well as their online presence, they have 25 offices spread out across the globe to make their customer service accessible to customers in all of the regions in which they operate. You can also fund your account via Bank Transfer or Visa/Mastercard, and you’ll find a range of e-wallets, including Neteller and Skrill. Given that Multibank Group crypto trading is available, it comes as no surprise that Bitcoin payments are also accepted. As we stated in the “accounts” section of this Multibank Group review, the minimum deposit for a standard account is just $50, while the pro account minimum is $1000 and the ECN is $5000.

MultiBank Group assets range from financial products like forex, indices, metals, shares, commodities, and cryptocurrencies. The company’s core business lies in its advanced trading platforms, which can trade a wide range of financial products such as Forex, shares, metals, commodities as well as indices CFDs. MultiBank Group also provides asset management services. The company has a daily trading volume of above US$ 6.2 billion, involving 320,000 customers from 90 countries.

Enthusiastic customer service and great signals. Highly recommended broker company. Excellent spreads offered minimal slippage and good trading profit.

My withdrawal is swiftly processed by this broker. I get good profit and I can always depend on their services. This is one of the best trading companies.

MultiBank review Bottom line

A 6-digit code will be sent to your phone number, enter it immediately and your phone will be verified, then, you can submit the form to continue. Furthermore, MultiBank Review has a paid-up capital of $322 million, so, it is a financially stable company. It has also implemented a secured socket layer on its website to protect its clients from cyber attacks. An inactivity fee of $60 is charged from dormant accounts. MultiBank Review – Do not open an account with MultiBank FX before reading this review.The broker boasts of over 280,000 clients from about 90 countries worldwide.

Changing leverage is a very useful feature when you want to lower the risk of your trade. Be careful with forex and CFD trading, as the preset leverage levels may be too high. Withdrawing money from your MultiBank account is free of charge. You can use the same options for withdrawal as for deposit. To get things rolling, let’s go over some lingo related to broker fees. What you need to keep an eye on are trading fees, and non-trading fees.

Visit our methodology page to learn more about our review and rating process. MultiBank Group notes eleven regulators on five continents but only lists six on its website. One additional one, in the Cayman Islands, is dormant.The overall regulatory environment is superb, and MultiBank Group maintains a secure and trustworthy trading environment. The withdrawal from October 2021 has no follow up till now. Stay away from this trash platform.

We tested it and collected the options and costs in How to withdraw money on MultiBank. Check out the current account balance requirements at MultiBank in our What is the minimum account balance at MultiBank article. If you are not familiar with order types, readthis overview. The search functions are OK. You can find assets grouped into categories.

You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker. Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it. The MetaTrader 4 desktop platform is one of the most feature rich and popular trading platforms in the world.

This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of MultiBank alternatives. MultiBank’s account opening is smooth and fast. From bank transfers to electronic wallets, you have many options for deposit and withdrawal, and they are all free of charge. Customer service gives quick and useful answers. Scalping in the forex market involves trading currencies based on a set of real-time analysis.

Keep in mind that when trading stock CFDs you are speculating on the price of a stock without actually taking ownership of the underlying company. Copy trading and automated trading are also only available on the MT4 desktop platform. MetaTrader also delivers when it comes to the range of available order types and its charting functionality. When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker’s regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

Is MultiBank Group Legit?

MultiBank Exchange Group offers a fair trading environment for all types of traders. Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. Clients can thus trade with total confidence and enjoy the security of funds because of segregated accounts and favorable trading usd cad trading strategy conditions. The facility that enables a trader to get a much larger exposure to the market than the amount he or she deposited to open a trade, is called leverage. Such leveraged products magnify a trader’s potential profit – but of course, also increase the potential loss. A trader’s choice of platform will also determine specific trading costs.

They never fail to deliver good results all the time. I am satisfied with this broker service. They are one of the best trading brokers to deal with. I am so thankful to have them as my broker, they’re really good. Great mentors for forex trading.

Customer Support

MultiBank Group lists 23 phone numbers, provides live chat, video conferencing via Zoom and Microsoft Teams, and e-mail support. The live chat pops up automatically, which I find annoying, as it interrupts the user experience on the website, butthe overall customer supports options at MultiBank Group are excellent. I appreciate ig broker review 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. Trading with a regulated broker will limit the potential for fraud and malpractice.

Trade Offer

MultiBank Group has also purchased insurance for up to $1 million from Lloyd’s of London to protect clients in the event of insolvency. Multibank Group offers traders a variety of convenient and secure ways to deposit and withdraw funds, mainly through debit cards, credit cards, wire transfers, UnionPay, FasaPay, Skrill, and Neteller. There are no fees for accessing funds. When it comes to commissions, the ECN Pro account charges certain fees in addition to spreads, while other two accounts calculate trading cost all into spreads. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money.

They are the ones to provide the final verdict about the reliability and legitimacy of the mpg_xbroker. MEX voided our trading profits made on 5 September 2018. We wish to emphasize that all our trades on GBP pairs were legitimate pivot point indicator ninjatrader trades based on market price action to the UK Brexit. Similar trades were placed and honored by other brokers. However, MEX told us that they voided our trades because their liquidity provider voided their trades.

A Forex broker is a company that provides traders with access to platforms that allow them to buy and sell foreign currencies. In August 2021, the company announced the launch of its MEX Digital, a spot digital asset trading platform. MEX Digital expands the MultiBank Group footprint into the realm of cryptocurrencies and blockchain. It is building a rapidly evolving blockchain ecosystem which not only looks to advance the global financial system but to push the possibilities further to address societal and business challenges.

By default, the account starts with a USD setting. Moreover, registration is easy and fast. MultiBank Group has an exceptionally large international customer base, so obviously they also offer an Islamic account. All accounts offer negative balance protection. Multibank Group claims to be the world’s best CFD trading platform. While this might be a little bit of a stretch given the sheer amount of competition, we do have to say that they are certainly up there.

Regulation and protection

Do you think a few positive reviews are good to choose the broker for your investment? Well, that may not be the right choice because deciding whether the broker is trusted or not is a way more complicated process than you can imagine. Depending on the different types of options you want to buy, it will also affect the broker choice. I am a firm believer that we as brokers don’t have a purpose without our clients, their value should always be appreciated as our client’s perception of us paves the way for our growth in the market.

Stock Markets & Trading Places

I really recommend this broker to all traders. Very accurate and up-to-date market analysis. I can confidently recommend this trading company.

Multibank Group provides traders with several trading platform options, ECN Pro, Multibank Pro, Maximus platform, MT4 and MT5 trading platforms. MultiBank offers a range of award-winning MT4 & MT5 and mobile app trading platforms. Open a LIVE account to trade Forex, Shares, Stocks, Gold, Oil and Crypto CFDs. An Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in the Islamic stock market following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with Islamic accounts do not pay or receive interest rates. Leverage is the use of borrowed funds to increase one’s trading position beyond what would be available from their cash balance alone.

You have to really have to do good research and analysis. But this broker makes everything easier for me. I can rely on their trading signals and market analysis. They are professional and very dedicated all the time. I get a good profit from the trades. I am happy that they attend to all of my trading needs promptly.

However it now operates in countries across the world, As a result, it theoretically should be regulated by multiple financial bodies. You can find out if Multibank Group ’s regulation status is up to date where you are by consulting the experts at TradersBest. In Australia, Multibank Group ’s company MEX MEX Australia Pty Ltd is authorized and regulated by the Australian Securities & Investments Commission . Elsewhere in the world, you’ll find that Multibank Group is regulated by similar financial governing bodies in Europe and Asia, as well as the Caribbean. In order to open an account on MultiBank, the user has to first fill an online form present on the internet and subsequently select the appropriate moderator for opening an account.