MultiBank does not accept clients from USA or other areas where its services contravene the local laws. If you discover that you cannot open an account with the broker for whatever reason, please feel free to browse our broker ratings for an alternative option. Average spreads in the commission-free Maximum account equals 1.4 pips, which is quite elevated. Your Expert Advisors (EAs) can be integrated into any MultiBank MetaTrader4 & 5 platforms without restrictions to perform automated trades and place orders at any time. MultiBank Exchange Group offers the powerful proven capabilities of MetaTrader’s MT4 and MT5 platforms. These include Maximus MT4, MultiBank Pro MT4 and ECN Pro MT4, with each of them ideal for a specific kind of client.

Portfolio and Investment Opportunities

• Money managers get access to trading and managing accounts through PAMM and MAM accounts.
• It offers no commission costs, 0.8 pips spread, and a $1,000 minimum deposit.
• Multibank exchange group were capable of resolving our customers’ concerns.
• All information on 55brokers.com is only published for general information purposes.

You need to trade 10 round-trip trading lots for Standard and Pro accounts. And if you are using an ECN account then you need to trade 20 round-trip trading lots per month. This ensures stable and reliable trading environments, making remote trading easy and convenient. The copy trading program automatically duplicates your chosen trader’s trades in real-time.

Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs. The reason that multibank exchange group asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, multibank exchange group has to be careful that they don’t breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, multibank exchange group must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law. Multibank exchange group specifies on its official site how you are able to exchange real time stocks in a demo account.

• The broker also provides a demo account for newcomers to practice trading without risking real money.
• It caters to traders following Islamic finance principles, offering swap-free options.
• All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with.

Other people on the MultiBank Group board are Jacob Nel, Yahya Taher, Courtney Fitzimmons and Sophia Barnes. Given the high profile of the operation, it comes as no surprise that MultiBank Group’s trophy case is laden with various awards. One such award is the Most Admired Company of the year, picked up in 2017.

MultiBank Exchange Group also offers free Virtual Private Servers (VPS) use to all its customers through reliable third-party hosting vendors. The cost of trading depends on different factors like commissions, spreads, and margins. In the world of forex broker companies being honored with awards from esteemed organizations or publications, count much for the company’s reputation. They closed suddenly without notice while there’s balance of 8000 dollars ! Now they don’t allow trading or more than that, asking me to open a new account !! I am currently working with  ” ” for assistance to help me get my fund back from them.

Yes, trading via multibank exchange group is a pleasant and decent experience indeed. It’s a great and intuitive platform with helpful features for your simplicity. Moreover, you can even gain access to a huge collection of educational resources and assistive substance to kickstart your trading expertise.

Broker Types

Download the multibank exchange group MetaTrader 4 Program free of charge from Apple’s App Store. Multibank exchange group customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go. Multibank exchange group, as a business, has a strong collection of rules for ensuring honest trading on its own platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL). Multibank exchange group is a trading partner that has paved its way successfully into the brokerage world.

MultiBank licenses include top-tier ASIC, BaFin, and CySEC, hence is considered low-risk Forex and CFD trading. The MultiBank Group service delivered to over 280,000 retail and institutional customers through over 90 countries, while MultiBank has offices in Sydney, Los Angeles, Vienna, Frankfurt, Madrid, Cyprus and UAE. MultiBank Group provides free Virtual Private Servers (VPS) from trusted third-party hosting providers.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. MultiBank Group lists 23 phone numbers, provides live chat, video conferencing via Zoom and Microsoft Teams,WhatsApp and e-mail support. Here is the minimum spread for the EUR/USD and the trading costs per 1.0 standard in all three pricing tiers. The minimum deposit requirement at MultiBank Group varies by account type, with the Standard Account needing a deposit of $50, the Pro Account requiring $1,000, and the ECN Account demanding $10,000.

Try Some Trades With A Free Demo Account

It offers no commission costs, 0.8 pips spread, and a $1,000 minimum deposit. In addition, access to popular platforms and 24/7 technical assistance make it a popular choice. MultiBank provides a free virtual private server (VPS) to all clients who indicate interest by filling the VPS request form. The VPS provides low latency with a reliable and steady connection to the trading servers. A VPS is often used by professional traders who use EAs or other complex trading systems that they need to run around the clock. This is because a VPS can run trading platforms 24/7 without you needing your computer switched on.

MultiBank Exchange  Accounts

Below we take the main parts of any professional online brokerage and compare multibank exchange group with Startrader, and freetrade. Multibank exchange group are a trustworthy broker that has been trading for over 10 years. All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. MultiBank provides additional tools and features designed to enhance the trading experience.

In general, multibank exchange group does not charge high fees in comparison to other online agents. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for those who regularly exchange, such as weekly or daily trading.

An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. 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. MultiBank is a legitimate Forex broker with 10 regulatory licenses and 25+ global offices. Founded in 2005, MultiBank has an exceptional track record and ranks among the most trusted Forex brokers operational today.

Potential traders can practice trading on a free account with zero risks and a $50,000 virtual opening balance. Apart from the vast regulatory obligations of MultiBank Exchange Group, the company operates with negative balance protection that safeguards clients from losses. The site offers a superb partnership program for introducing brokers, which features high commissions and superb rebate rates for IBs. With more than a decade’s worth of experience under their belt, MultiBank Group have grown into one of the world’s largest providers of financial derivatives.

Does MultiBank Group offer mentorship programs for aspiring traders?

The cutting-edge trading platforms offered are built for stability, allowing you seamless, real-time trading. Trade over 20,000 assets, including forex, metals, stocks, indices, commodities and cryptocurrency. Enjoy zero-commission trading, negative balance protection and nano-second execution without requotes, rejections, or EA limits. In addition, the account is powered by MT4 and MT5 and mobile app trading platforms, offering a realistic trading environment for new and experienced traders. Furthermore, the demo account has a limitless length, allowing users to practice trading methods over time without time restrictions. The ECN Account offers raw spreads and fast execution for traders, with spreads as low as 0.0 pips.

Yes, deposit bonuses offered by MultiBank Group are legit, but that doesn’t necessarily mean you’ll be able to redeem them. Such bonuses come with steep volume requirements that must be met before redemption is allowed, and it’s possible for your losses to far offset the amount promised by the bonus. Always read the fine print, and make sure that you fully understand the terms and conditions of any promotional offerings – especially in the case of forex deposit scammed by Worldtradex bonuses. 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.

Within this review, we have tried to collate some of the vital facets of multibank exchange group. This guide can help you to learn whether multibank exchange group is a great match for your own investments or not. We have tried to breakdown all the qualities and charges for your convenience. We recognize that well-informed decisions with multibank exchange group are the cornerstone of successful trading. So, make yourself comfortable, grab a cup of coffee, and immerse yourself in learning about multibank exchange group and how it can benefit you, or if multibank exchange group might not be the right fit for you.