The Pro account is suitable for traders looking to take advantage of zero commissions, tight spreads, and instant execution. MultiBank Group, established in 2005, has an unblemished regulatory record, with over 11 financial regulators and over 25 branches worldwide. MultiBank Group holds multiple broker licenses in a variety of jurisdictions, including from Tier-1 regulatory bodies such as the Australian Securities & Investment Commission (ASIC) and the Monetary Authority of Singapore (MAS). MultiBank Group’s best feature is its relatively high Trust Score; the broker holds multiple regulatory licenses, including Tier-1 licenses in Singapore and Australia.
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Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. MultiBank Group’s recognition as a top BaFin-regulated forex broker underscores its dedication to providing traders with superior services and robust security measures.
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The MultiBank Group demo account allows users to get familiar with the platform’s features and functions without making any real money deposits. Moreover, users need to select any one trading account tier from Standard, Pro, and ECN. The MAM software offers asset managers and proficient traders the most user-friendly interface to manage multiple trading accounts simultaneously and use flexible trade platforms along with a variety of cutting-edge technologies. MultiBank offers a wide variety of trading instruments, including 20,000 financial products across forex, shares, metals, indices, commodities, and cryptocurrencies. The MultiBank Group maintains a trustworthy and secure environment as the platforms are regulated by more than 10 regulatory bodies around the world, making the platforms as transparent as possible. There are mainly three account types across global entities for trading CFDs and forex, including Standard, Pro, and ECN.
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This frustrating process is at odds with how most brokers deliver investment products. The best forex brokers make all markets available directly within the trading platform, making it far easier to find trading opportunities. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
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Educational content at MultiBank is limited to a series of basic videos and ebooks powered by MTE Media, which are available on a new dedicated education section on the broker’s website. I was pleased to see this new educational portal, and I’m looking forward to seeing more content from MultiBank. That said, this broker still has a long way to go if it wants to compete with the best brokers for education.
How can I withdraw money from MultiBank?
MultiBank customers can also use demo trading to experiment with the platform without real money investments. I like the trading environment at MultiBank Group for equity traders and asset managers, as it presents a distinct competitive edge with MAM/PAMM accounts and the proprietary copy trading platform. MultiBank Group offers its Standard account for a minimum deposit of only $50. Pro is available from $1,000, a high demand, but it cuts trading fees by almost 50%. The best trading conditions exist in the ECN option, but traders must commit $5,000, which may be high for some. 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 fund withdrawal form available on the official webpage can also be used to withdraw money from MultiBank FX. Withdrawal of funds at MultiBank Group is both easy and accessible to benefit the platform’s active traders and investors. The MultiBank Group collaborates with partners and professionals to bring them the Introducing Brokers Program that provides them with rebates and commission structures that are completely unheard of in the industry. MultiBank Group is an award-winning forex broker operated by the MEX Group worldwide.
- I was pleased to see this new educational portal, and I’m looking forward to seeing more content from MultiBank.
- Together with its MAM/PAMM accounts, it presents an excellent choice for asset managers, especially those geared towards equity portfolios.
- Additionally, other insurance policies ensure the highest degrees of security of client information and funds.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- MultiBank has first-class customer support with friendly and responsive agents ready to assist their clients 24×7 via live chat, email support ([email protected]), phone support, or WhatsApp.
Assistance is provided on a variety of queries covering topics like deposit and withdrawal methods, broker fees, available asset classes, live/demo accounts, trading account settings and pricing, and many more. The Introducing Brokers (IBs) program on MultiBank FX is exclusively tailored to boost potential returns and grow businesses. Introducing Brokers are individuals who act as agents to introduce new trades to forex brokers like MultiBank FX. The platform caters to more than 30,000 IBs and partners with global leaders in the financial market. MultiBank understands the need to offer a wide variety of calculators to guide traders on their forex trading journey. To this end, the platform has introduced 6 trading tools, including a currency converter, Fibonacci calculator, pivot point, stop loss or take profit levels, margin calculator, and pip value calculator.
MultiBank Group was established in California, USA, in 2005, and is headquartered in Dubai, UAE. MultiBank Group holds multiple awards that make it an impressive foreign exchange broker in various areas that are beneficial for seasoned traders. MultiBank offers various tools like VPS hosting, FIX API, and MAM/PAMM for money managers and professional traders. FIX API offered by the MultiBank Group is a unique turnkey solution for high-volume and institutional clients looking for direct access to the financial market. The reality is that only 1042 markets are available by default on its MetaTrader platforms.
MultiBank FX charges swap fees depending on the currency pair chosen by the traders. The platform also charges an inactivity fee of $60 for every inactive month after 90 days. Apart from these non-trading fees, the MultiBank Group makes an excellent platform than other brokers since the trading costs have been kept minimal. The MultiBank Group is globally recognized as one of the most popular trading platforms and largest online financial derivatives providers due to its accumulated paid-up capital of more than $322 million. Many seasoned traders recommend MultiBank for offering secure trading platforms that are heavily regulated and uphold stringent rules, thereby offering its clients the highest degree of funds security to its clients. Research and education at MultiBank Group brands have a long way to go to catch up to industry leaders, but the broker continues to make progress in other categories.
MultiBank uses segregated client accounts to give the ultimate investment safety. It also ensures that all capital and funds are stored in tier 1 banks to provide the required peace of mind while trading. The customer support offered by MultiBank is proficient and multilingual, offering services 24×7 via different platforms. Both beginners and professional traders can trade more than 20,000 instruments, including forex, shares, indices, metals, commodities, and even cryptocurrencies. Opening an account at https://limefx.group/ takes only a few seconds and requires a name, e-mail, and valid mobile phone number.
The minimum deposit for the MultiBank Group Standard account is $50 or a currency equivalent. I strongly recommend the ECN account despite its high deposit requirement. Traders will get the most benefits from it due to excellent trading costs. Two unique features I want to note are free VPS hosting and FIX API trading. The former supports algorithmic trading, which accounts for 80% of all trades at this broker.
At the time of writing this review of MultiBank Group, we get to know that it has more than 1,000,000 clients offering more than 20,000 trading instruments and 30,000 introducing brokers across 20 offices and branches worldwide. I like the choice of trading instruments at MultiBank Group, ideal for all types of traders. It offers MAM/PAMM managers the necessary tools to provide effective asset management. Social traders also have access to the broadest market exposure, granting signal providers the diversity they need to stand out from the crowd, an invaluable asset.
For example, if you deposit $1,000 of trading funds to receive a $200 promotional deposit bonus, the volume requirement to redeem the bonus would be 80 standard lots – or 8,000,000 units of currency. When trading at that volume, you can easily end up earning (or losing) far more than the initial deposit bonus amount. The spread you’d end up paying to trade eight million units of currency will end up being greater than the deposit bonus. Yes, deposit bonuses offered by limefx courses scam 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.
FXEmpire’s team of experts, with extensive hands-on forex trading experience, meticulously examined and analyzed each broker’s strengths and weaknesses to select the best BaFin-regulated forex brokers across various categories. Under the Prime of Primes program, trading platforms at MultiBank FX allow affiliates direct access to leading liquidity providers. They also get to use low-cost and instant Straight Through Processing (STP) of trade orders with the tightest spreads in the market. MultiBank FX also offers individual liquidity pools through FIX API connections. The MultiBank Group offers a minimum spread of 0.0 pips on Forex and CFD trading, which makes the platform suitable for seasoned traders.