In addition, clients enjoy 24/7 multilingual support, free VPS, MAM/PAMM solutions, and access to exclusive educational and analytical content. This educational support is backed by 24/7 multilingual customer service, allowing users to get guidance and clarity at any stage of their trading journey. By combining real-time trading capabilities with ongoing learning, MultiBank Group creates an environment where informed decisions come first.
- I was pleased to see this new educational portal, and I’m looking forward to seeing more content from MultiBank.
- With tight spreads, deep market liquidity, and a pure ECN model, it delivers transparent pricing and powerful tools suitable for traders of all experience levels.
- MultiBank Group enhances trading potential with a generous 20% deposit bonus, rewarding users with up to $40,000.
- I find it a bit too much and too early compared to the industry average, but it should not be a deal breaker as almost any trader is going to make at least one trade in three months.
- We use dedicated people and clever technology to safeguard our platform.
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. The Pro account requires a $1,000 minimum deposit but features lower spreads than the Standard account.
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). Unlike the ECN account, the Pro tier is commission‑free, making it well-suited if you are an intermediate trader who executes higher volumes but prefers predictable, all-in spreads. No, MultiBank Group fully supports both scalping and hedging strategies. Traders of all account types can apply these methods without restrictions, making it suitable for active and diverse trading styles. MultiBank Group keeps costs low and flexible, catering both to traders who prefer tight spreads without commissions (Pro) and those seeking raw pricing with institutional-grade execution (ECN).
Moreover, their transparent pricing structure makes it easy for traders to plan and manage costs effectively. Founded in 2005 in California, MultiBank Group has grown into one of the world’s largest financial derivatives institutions. Furthermore, serving over 2 million clients across more than 100 countries, the Group boasts a paid-up capital exceeding $322 million and maintains a strong regulatory presence across five continents. With quick processing and broad payment coverage, MultiBank Group ensures traders have smooth access to their funds worldwide.
MultiBank Group is generally well-received with its user base, and it boasts an impressive 4.6 out of 5 rating over 1,400 reviews. The overwhelming majority of these reviews are positive, with users mentioning the good customer support and easy withdrawal/ deposit. Like many other professional traders, MT4 is my most-used trading platform overall. MT4, developed by MetaQuotes, is one of the most established platforms in retail trading, and there’s a reason it remains so popular today. Opening an account at MultiBank Group takes only a few seconds and requires a name, e-mail, and valid mobile phone number.
An Islamic or swap-free account excludes any interest charges on overnight positions. This is in line with Islamic finance rules that prohibit earning or paying interest, allowing Muslim traders to participate ethically in global forex markets. Through its robust Introducing Brokers (IB) Program, MultiBank offers industry-leading commission and rebate structures.
These trackers help us to improve the quality of your user experience and enable interactions with external content, networks and platforms. I required assistance to get my documents verified, and I was pleasantly surprised by how quickly it was handled. My account was confirmed in just a matter of minutes, which was impressive.
How does MultiBank Group’s Social Trading platform benefit new traders?
It can take several business days for clients to receive funds, dependent on their payment processor. 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 former is within the upper range of competitive trading costs, but the latter is expensive. The best offer is available in the commission-based ECN account, where traders enjoy raw spreads of 0 pips for a commission of $3.00 per round trip. The cost also applies to commodities, but index and equity CFD trading are commission-free.
Quick service
- Please be aware that denying consent for a particular purpose may make related features unavailable.
- Traders must also select their desired trading platform and account tier.
- MultiBank will send an OTP via SMS, which is necessary to complete the process.
- To use the account, you will need to pay a higher minimum deposit of $10,000 but it provides raw spreads starting from 0.0 pips which are sourced using an Electronic Communication Network (ECN) model.
Social Trading lets beginners copy expert traders’ strategies in real-time, reducing the learning curve and enabling profit potential without deep market knowledge. It offers transparency, automated trade replication, and access to a broad range of financial products, fostering community and diversification. MultiBank Group, through its MEX Atlantic entity, provides one of the most robust fund protection systems in the trading industry.
Deposit Fee
Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters https://lunarcapital.space/ and Commerce degree and has an active role in the fintech community.
Trading Instruments and Products
I am proud as an IB of one of the best forex trader in the world..my all clients are so happy with company service….stay long Mex… They are HUGE scammers offering more than 20k shares to trade, but when you actually want to trade them they will ask you to make a deposit to make them available. They claim to be a broker with thousands of instruments to trade, but in real life its all huge BS !!!!!! MultiBank Group may offer services that would appear appealing – tight spreads, crypto staking, etc., but among the user feedback we have collected, there are areas where further clarification would be beneficial.
Good Customer Service
Traders can use the web-based versions of MT4 and MT5 without needing to download any software. The platforms provide a responsive, user-friendly interface accessible through any modern browser. Traders can also engage with global indices, commodities, and a selection of precious metals like gold and silver.
Learn And Trade With Confidence
I’ve had a fantastic experience with this platform over the past five years, encountering no problems with withdrawals or any other complications. Waqas stands out as a true professional, frequently exceeding expectations by providing exceptional support, even after regular business hours, to ensure customer satisfaction at every opportunity. Unregulated forex platforms may promise high leverage or unrealistic returns.
Account Minimum
I like the low swap rates at MultiBank Group, and together with other trading costs, this broker offers traders one of the lowest overall trading costs. I also like the transparency concerning the paid-up capital at MultiBank Group, which stands at $322 million. Traders get negative balance protection, which I find paramount for leveraged trading, and all client deposits remain segregated from corporate funds. MultiBank Group delivers smooth, secure, and fee-free deposit and withdrawal processes across multiple methods.