• Minimum Deposit

    • 0-50
  • Leverage

    • 100:1
    • 200:1
    • 30:1
    • 500:1
    • 400:1
    • 300:1
    • 20:1
  • Regulation

    • CIMA- Cayman Islands Monetary Authority
    • BVI FSC
    • BaFIN
    • ASIC
    • VFSC

Full Breakdown Filters

Full Breakdown

Full Breakdown
Minimum Deposit
Leverage
Regulation
Platforms
Currency Pairs
Execution Model
Contract Sizes
Spreads
Languages
Additional Filters

Overview

A Complete Multibank Review 2022: All You Need to Know

Regulation and Licenses ASIC,BAFIN,CIMA,ESCA,FCS,MAS,FMA,TFG,AUSTRAC,VFCS
HR Dubai
Founding year 2005
Leverage range up to 1:500
Min deposit $50
Platforms MT4,MT5,Ctrated,Desktop,Mobile and Social trading
Tradable Instruments Forex,Metals,Shares,indices,commodities,cryptocurrency
Demo account Yes
Base Currencies Supports multiple currencies
Customer support 24/7 multilingual support

Multibank Broker Overview

Multibank is among the leading finance brokers globally that provides innovative and technology-driven solutions for online trading. The company was established in 2005 and had its headquarters in Hong Kong. Multibank has a robust global presence with 20 branches worldwide. The broker is regulated by several financial authorities, including ASIC, BaFin, FMA, TFG, VFSC, FSC, MAS, and AUSTRAC. Multibank offers a leverage of up to 1:500.

The broker provides access to a wide range of tradable instruments, including forex, metals, shares, indices, commodities, and cryptocurrencies. Multibank also offers a demo account to allow traders to test their trading strategies before investing real money. The customer support team is available 24/7 and can be reached through live chat, email, or telephone. Multibank also has a social trading platform where traders can copy the trades of other successful traders.

Multibank products
Multibank

The minimum deposit for a live account is $50, and the base currencies supported by the broker are USD, GBP, EUR, CHF, AUD, NZD, and CAD. Multibank also allows deposits and withdrawals through major credit cards, e-wallets, and bank wire transfers.

Multibank offers a wide range of trading tools and learning resources to help traders in their journey to become successful. The broker also has a mobile trading app that allows traders to trade on the go. Overall, Multibank is a reliable and trusted broker that offers a great all-around trading experience.

MultiBank broker safety implementations

MultiBank is a highly regulated online broker. The company is licensed and regulated by some of the most prestigious financial authorities in the world. These include ASIC, BaFin, FMA, TFG, VFSC, FSC, MAS, and AUSTRAC. Moreover, the broker has implemented a segregated bank account policy to ensure the safety of client funds.

In addition, MultiBank has also implemented numerous security measures to protect its clients’ personal and financial information. The broker uses state-of-the-art encryption technology and employs a team of security experts to monitor its systems 24/7. MultiBank has also implemented a 2-factor authentication system to protect its clients from online fraudsters. 2FA is a security measure that requires users to provide two forms of identification before accessing their accounts.

MultiBank has also implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to ensure that its clients are legitimate and that their funds are not being used for criminal activities. In addition, they take care of every data safety and security protocol to make sure that the client’s data is in good hands. The broker has a strong global presence as it’s regulated by some of the most prestigious financial authorities in the world. Moreover, MultiBank offers 24/7 multi-lingual support so that its clients can get assistance whenever they need it. MultiBank enjoys more than 55 awards which show that its online trading community has appreciated its efforts.

MultiBank fees information

Multibank offers three different accounts, and the fee structure also varies with the account type. The minimum deposit at Standard Account is $50, and then you get a leverage of 1:500. They offer spreads from 0 pip which also vary with the account type.

● Standard — 1.5 pips

● Pro — 0.8 pips

● ECN — 0.0 pips

You don’t have to worry about any deposit or withdrawal fee, but they charge an inactivity fee if you don’t use your account for three months. The inactivity fee is $60 that you need to pay if your account is inactive for three or more months. It is on the higher side when compared with other brokers.

MultiBank offers multiple deposit and withdrawal methods and doesn’t charge any fees for these methods. You can deposit and withdraw using credit/debit cards, bank wire transfers, and e-wallets. The processing time for credit/debit cards is 1-3 working days, 3-5 working days for bank wire transfers, and instant for e-wallets. Overall, MultiBank offers competitive pricing options to its traders.Spreads fee information at MultiBank

Fees Type MutilBank Group
Deposit fee No
Withdrawal fee No
Inactive fee Yes
Fee ranking Low/Average

The spreads vary depending on the Multibank account you use for trading. The spreads start from 0.0 pips and go up to 1.5 pips. Below is the spreads information for all accounts available at MultiBank:

● Standard — 1.5 pips

● Pro — 0.8 pips

● ECN — 0.0 pips

MultiBank has not mentioned whether the spreads are floating or fixed on their website. Floating spreads mean that the spreads are variable and change according to the market conditions. On the other hand, fixed spreads remain constant no matter the market conditions. All three accounts support both MT4 and MT5 platforms.

Deposit and withdrawal options available at MultiBank broker

Pros Cons
Offers multiple accounts Lack of micro accounts
Competitive forex fees Certain trading restrictions on scalping
Leverage up to 1:500
Offers popular MT4&MT5 platforms
24/7 multilingual customer support

MultiBank broker is among the leading brokers that offer multiple deposit and withdrawal options. The deposit methods available at MultiBank are credit/debit cards, bank wire transfers, and e-wallet options like Skrill, Neteller, and UnionPay.

When it comes to withdrawal options, you can use credit/debit cards, bank wire transfers, or e-wallets like Skrill and Neteller. The withdrawal process is simple and straightforward. You just need to log in to your account, go to the ‘Banking’ section, and select the withdrawal method of your choice. The withdrawals are processed within 24 hours based on your bank. Your bank may charge a processing fee and you will need to complete your KYC before you can withdraw money.

Tradable markets on MultiBank

MultiBank is a popular multi-asset broker that offers 20,000 tradable assets across various financial markets. including forex, metals, energies, indices, shares, and cryptocurrencies. MultiBank is an ideal platform for traders looking to trade multiple markets from a single account.

Some of the popular forex pairs available for trading on MultiBank are EUR/USD, GBP/USD, USD/JPY, and AUD/USD. You can also trade exotic currency pairs like USD/TRY and EUR/TRY. The leverage offered by MultiBank on currency pairs is up to 1:500. So, you can take advantage of high leverage and trade with a small amount of capital. If you are a forex broker and use the Pro account at MultiBank, then you need to pay a commission of $3 per lot you trade.

MultiBank also offers CFDs on popular indices like Dow Jones Industrial Average (DJ30), S&P 500 Index (SPX500), Nasdaq Composite Index (NAS100), DAX, AUS200 and FTSE 100 Index (UK100). You can also trade CFDs on commodities like gold, silver, oil, and natural gas. MultiBank also offers equity CFDs on stocks of leading companies like Google, Amazon, Facebook, and Apple.

As traders get the support of both MT4 and MT5 at Multibank, they can trade with any of these platforms at their convenience. Also, they provide the option of desktop trading, mobile trading, and social trading. So, you can trade from anywhere at any time. Moreover, as MultiBank offers a demo account, you can practice trading before investing your own money. You get virtual currency at MultiBank to practice trading. A demo account comes in handy for testing new trading strategies and refining your skills.

Leverage information at MultiBank

The leverage offered by MultiBank is 1:500, which is the same across all the accounts. Leverage allows you to trade with more money than what you have in your account. So, if you have $100 in your trading account and you are using 1:500 leverage, it means that you can trade with $50,000. Leverage is a great tool, but it can also lead to heavy losses if not used properly. So, it is essential to use leverage wisely at Multibank or at any platform.

MultiBank broker trading platforms for traders

MultiBank broker is a popular broker that offers traders a wide range of trading platforms. In addition, the broker offers MetaTrader 4, MetaTrader 5, and mobile trading platforms. You can use all these MultiBank platforms for live trading and demo accounts.

You get negative balance protection across all the platforms, so you don't have to worry about losing more than what you have deposited in your account. In addition, the order execution speed is quite fast as the platform is integrated with some leading banks and liquidity providers. Let's have a look at all the platforms available at MultiBank:

MetaTrader 4

MT4 is the most popular trading platform among traders. It is a user-friendly platform that offers advanced features and functionalities to traders. You can use MT4 for live trading as well as demo trading. MT4 at MultiBank offers several advanced features like multiple charting tools, technical indicators, and EA compatibility. You can also use MT4 Webtrader if you don't want to download the platform.

MetaTrader 5

MT5 is the upgraded version of MT4 that offers some advanced features to traders. The MT5 platform is available for both desktop and mobile devices. You can use MT5 for live trading as well as demo trading. MT5 at MultiBank offers features like market depth, multiple timeframes, and an economic calendar. You can also use MT5 Webtrader if you don't want to download the platform.

Mobile Trading Platform

If you are always on the go, you can use MultiBank MT4, MT5, and cTrader mobile trading applications. These applications are available for both Android and iOS devices. You can download the app from Google Play Store or App Store. The mobile trading platforms offer all the features and functionalities available on the desktop trading platforms.

Moreover, you also get a MultiBank demo account in which you can practice your trading strategies without risking any real money. The demo account is available for both MT4 and MT5 platforms. You just need to sign up for a demo account on the MultiBank website.

Available accounts on MultiBank

MultiBank_account  2022

MultiBank offers three trading accounts, which are:

Standard Account

This account is best suited for new traders as it has low spreads and no commission fees. The minimum deposit required at MultiBank to open this account is $50. With a leverage of up to 1:500, you can trade in multiple markets. You also get access to 24/7 customer support at MultiBank. The spreads for this account start from 1.5 pips, and there is no minimum trade size.

Pro Account

The Pro account is best suited for experienced traders looking to take advantage of zero commissions, tight spreads, and instant execution. The minimum deposit required to open a MultiBank Pro account is $1,000. With a leverage of up to 1:500, you can trade in multiple markets.

ECN Account

The ECN account is best suited for traders looking for raw spreads and instant execution. The minimum deposit required to open this account is $5,000. With a leverage of up to 1:500, you can trade in multiple markets. The spreads for this MultiBank account start from 0.0 pips, and there is no minimum trade size.

Moreover, MultiBank also offers Islamic accounts with no interest charged on overnight positions. These accounts are in accordance with Sharia law. Also, all the MultiBank accounts come with multi-lingual customer service and social trading support. Social trading is something that is gaining popularity among traders as it helps in copying the trades of successful traders.

Steps to open a trading account with MultiBank

Follow these simple steps to open your trading account with MultiBank:

● Go to the MultiBank website and click on the ‘Live Open’ section.

● Select your account type from Standard, Pro, or ECN accounts.

● Fill in your personal details at MultiBank like name, email, phone number, etc.

● Choose your preferred deposit method and submit the required documents.

● Once your documents are verified, you will be able to start trading with MultiBank.

MultiBank customer support information

MultiBank offers 24/7 customer support in multiple languages. You can reach out to them via phone, email, or live chat. The customer support team of Multibank is highly responsive and helpful. You can fill out a form on their website, and the customer support team will get back to you within 24 hours. Moreover, you can get in touch with them on WhatsApp also.

Research tools available at MultiBank

Multibank Research Tools
Multibank

MultiBank offers you a wide range of research and research tools to help you in your trading journey. The research tools available at MultiBank are mentioned below:

Economic Calendar

This calendar provides information about all the upcoming economic events impacting the markets. It helps you to stay up-to-date with the latest market news and make informed trading decisions.

MAM/PAMM

MultiBank offers MAM/PAMM accounts that allow you to manage multiple accounts from a single platform. It is convenient to manage your trading portfolio as it saves you time and effort.

VPS Service

MultiBank offers VPS (Virtual Private Server) service that allows you to trade on a dedicated server. It ensures that your trading platform is always up and running.

Fix API

It is ideal for high-volume clients who want to trade through a FIX connection. This tool helps you to execute trades at high speeds with low latency. In addition, the fix API of MultiBank offers the best trading conditions.

Educational content available at MultiBank

At MultiBank, they offer you a full-fledged learning blog section that covers all topics related to trading. You can find content on different trading strategies, technical analysis, fundamental analysis, and much more. In addition, the content is regularly updated to stay up-to-date with the latest developments in the financial markets.

Along with training and educational material, you also get market news and analysis. The market news is updated so that you can stay informed about the latest happenings in the financial markets. The analysis provided by MultiBank is useful as it gives you an insight into the market trends.

MultiBank review in a nutshell

Active clients 320,000+
publicly traded No
Crypto Yes
Website https://multibankfx.com

MultiBank is a leading multi-asset broker that offers a wide range of tradable instruments. A highly regulated broker offers a safe and secure trading environment. The company has been in operation for over 15 years and has won numerous awards. MultiBank provides you with multiple deposit and withdrawal options. It also offers a wide range of research and analysis tools to help you in your trading journey. The broker also offers a 24/7 customer support service that is ready to assist you with any query or issue. Overall, MultiBank is a reliable broker that offers a great trading experience.

FAQ

What is the minimum deposit at MultiBank?

The minimum deposit at MultiBank is $50 for the Standard account, $1,000 for the Pro account, and $5,000 for the ECN account.

What is the maximum leverage offered by MultiBank?

The maximum leverage offered by MultiBank is 1:500.

Does MultiBank offer a demo account?

Yes, MultiBank offers a demo account that you can use to practice your trading skills. The demo account is loaded with $100,000 of virtual money.

Is MultiBank a regulated broker?

Yes, MultiBank is a regulated broker, and Authorities like Australian Securities and Investments Commission (ASIC), Bafin, AUSTRAC, among others..

What are the deposit methods at MultiBank?

The deposit methods available at MultiBank are credit/debit cards, and e-wallet options like Skrill, Neteller, and more.

What are the withdrawal methods at MultiBank?

The withdrawal methods available at MultiBank are credit/debit cards, bank wire transfers, and e-wallet options like Skrill and Neteller.

How do I open an account with MultiBank?

You can open an account with MultiBank by filling out the online form on their website. You need to submit your details and documents for KYC and AML procedures. Once your account is approved, you can make a deposit and start trading.

Does MultiBank support MT4 and MT5?

Yes, MultiBank supports both MT4 and MT5 trading platforms.

What are the spreads at MultiBank?

The spreads at MultiBank start from 0.0 pips on the ECN account.

What is the minimum trade size at MultiBank?

The minimum trade size at MultiBank is 0.01 lots.

How to contact Multibank customer support?

You can contact Multibank customer support via live chat, phone, or email. The customer support team of MultiBank is available 24/7 to assist you.

Does MultiBank offer educational content?

Yes, MultiBank offers a wide range of educational content that can help you to improve your trading skills. You can access the MultiBank blog section to explore more.

Can US residents open accounts at MultiBank?

No, US residents are not allowed to open accounts at MultiBank.

How can I change my password at MultiBank?

You can change your password at MultiBank by logging in to your account and going to the 'My Profile' section. Then, you need to click on the 'Change Password' button and follow the instructions.

What account types do MultiBank offer?

MultiBank offers three account types: Standard, Pro, and ECN.

Full Breakdown Filters

Full Breakdown

Full Breakdown
Minimum Deposit
Leverage
Regulation
Platforms
Currency Pairs
Execution Model
Contract Sizes
Spreads
Languages
Additional Filters

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