Interested clients can complete and submit the ‘VPS request’ form available on the website. The MetaTrader platforms (MT4 and MT5) are the only platforms offered by MultiBank to all its clients. All trading styles are allowed; you can create, rent, buy and install your expert advisors (EAs) on any of the platforms. With over 40 industry awards to its credit, MultiBank review stands tall as a global broker. MultiBank Group provides multiple channels for customer support, ensuring traders can reach them conveniently. Trading successfully requires access to advanced charting tools, indicators, and market analysis features.
Opening a trading account with MultiBank Group is a quick and straightforward process, designed to ensure security and compliance with global financial regulations. Below is a step-by-step guide to help you open an account efficiently. Established in 2005 in California, USA, MultiBank Group has evolved into one of the largest financial derivatives providers globally. With a paid-up capital exceeding $322 million, the group serves over 2 million clients across 100 countries. Headquartered in Dubai, UAE, MultiBank Group maintains more than 25 offices worldwide, including locations in Sydney, Los Angeles, Frankfurt, Madrid, and Hong Kong. Yes, the company is extensively regulated by multiple regulatory bodies around the world, including ASIC, CySEC, BaFin, and FCA, among others.
By contrast, top brokers often have extensive tutorial courses, webinars and daily analysis. MultiBank Group offers 23 major global index CFDs across key regions including the U.S., Europe, and Asia. Notable examples include the S&P 500, Nasdaq 100, Dow Jones 30, FTSE 100, DAX 40, and Nikkei 225. Swap rates, or rollover fees, are applied to leveraged positions held open overnight. These rates are based on interest rate differentials and prevailing market conditions. MultiBank Group also offers an Islamic Account, also known as a ‘Swap-Free Account,’ for clients in specific eligible countries.
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. 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. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better).
MultiBank Group offers several exciting promotions to both new and existing clients. These offers are designed to enhance your trading experience and provide extra value. Let’s dive into the details of each promotion and explore how you can benefit from them. No, MultiBank Group supports scalping and hedging strategies for traders of all account types. MultiBank Group’s educational support is ideal for beginners and evolving traders. With no-cost access to tutorials, training seminars, and mentorships, it reflects the broker’s dedication to skill development, confidence building, and long-term trading success.
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- Enter the one-time password (OTP) sent to your registered email address or phone number to verify your contact details.
- MultiBank applies the same maximum leverage tiers across different account base currencies, though your actual leverage will depend on your location and client classification (retail vs professional).
- Traders must also select their desired trading platform and account tier.
- MultiBank Group provides a comprehensive set of charting tools and market analysis features to help traders make informed decisions.
- These trackers help us to measure traffic and analyze your behavior to improve our service.
You can also navigate to ‘live account’ under ‘accounts’ on the menu bar. 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 (SSL) on its website to protect its clients from cyber attacks. Salute and thanks to their customer service, they always answers queries on time and with precision. Id like to mention Mr. Oscar as he helps and give me a satisfaction answer about all my concerns.
MultiBank Group also reserves the right to revoke swap-free status in cases of misuse or abuse, ensuring the account is used appropriately. MultiBank Group, founded in 2005 in California, has grown into one of the world’s largest financial derivatives institutions. Serving scammed by limefx over 2 million clients across 100+ countries, the Group boasts a paid-up capital exceeding $322 million and maintains a strong regulatory presence across five continents.
MultiBank Group Customer Reviews
One of the most widely ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. MultiBank Group does not rank highly in this category, due to the lack of any significant in-house or third-party research content. For the most part, the broker’s research offering is limited to a weekly newsletter and news headlines within its platforms.
About the Editorial Team
It caters to a global clientele, offering services in forex, commodities, and CFDs. The broker boasts over 320,000 clients across 90 countries, reflecting its widespread reputation and trust. The content on this site encompasses general news, our analyses, opinions, and material from third-party sources, all designed for educational and limefx research aims. It is not meant as direct advice or a prompt to undertake any specific action, including investments or purchases. Before making financial decisions, we urge you to conduct thorough research, exercise personal judgment, and consult with professionals.
Below is an overview of the regions where trading with MultiBank Group is either prohibited or restricted due to regulatory constraints. MultiBank Group provides flexible account options, catering to all trading styles and experience levels. Traders can choose an account based on spreads, commissions, and leverage preferences. Yes, MultiBank Group offers a comprehensive range of educational resources, including webinars, tutorials, and articles, to help traders at all levels improve their trading skills and knowledge. MultiBank Group does not charge any commission on deposits and withdrawals.
MultiBank’s pricing is competitive at the top end but far from the cheapest for casual traders. The ECN account offers true raw spreads (0.0 pips), but requires a very high deposit and comes with ~$3/lot commissions. Opening an account at MultiBank Group takes only a few seconds and requires a name, e-mail, and valid mobile phone number. MultiBank will send an OTP via SMS, which is necessary to complete the process. Traders must also select their desired trading platform and account tier.
He is a forex industry expert and an active fintech and crypto researcher. 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.
MultiBank Group is considered a highly secure and well-regulated broker, adhering to strict regulatory guidelines across multiple jurisdictions. Below, we examine its regulatory status, security measures, and fund protection policies. 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. However, I’m deducting one star because I had to reach out after waiting a week when the process should have been completed by then. Whether you’re a novice trader or a seasoned professional, MultiBank Group provides the tools, resources, and environment necessary for successful trading.
- Strict fund protection is also present with the broker, as they have features such as negative balance protection, segregated accounts and KYC protocols.
- He is a forex industry expert and an active fintech and crypto researcher.
- In addition to technical and account-related support, MultiBank Group’s team is equipped to guide users through platform features, account setup, and verification processes.
- Below is an overview of the regions where trading with MultiBank Group is either prohibited or restricted due to regulatory constraints.
A cashback program, which gives rebates on trading in volume in Forex currency pairs and metals, is also offered. 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. MultiBank Group was founded in 2005 and today employs over 600 staff globally.
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