MultiBank Group was established in California, USA, in 2005 with headquarters in Hong Kong. MultiBank Group boasts a daily trading volume in excess of $7.2 billion and provides services to over 320,000 clients across countries worldwide. The real-time market data and advanced charting tools provide valuable insights for making profitable trades. The site’s low fees and excellent customer support make it a top choice for traders looking for a reliable and efficient trading platform. With a minimum deposit requirement of 1000 USD, the Pro account is ideal for MultiBank traders looking for an ECN experience. Since then, the company established itself as one of the most regulated and trusted brokers in the online trading industry.
Deposit and Withdrawal
Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by FxScouts Group, nor shall it bias influence our reviews, analysis, and opinions. Learn how regulators protect traders and how the Forex market is regulated.
Multibank offers a powerful auto-execution system that duplicates the trades of other successful traders. Managed accounts are great for beginner traders who have limited experience with trading. MetaTrader 4 is https://traderoom.info/multibank-overview/ one of the world’s most popular and versatile platforms, offering powerful features to help you make educated trading decisions. Though it is now showing its age, MT4 is still popular for its auto trading features that enable algorithmic trading and strategy backtesting with expert advisors (trading robots). Multibank offers trading on a much larger range of financial assets than other similar brokers.
All research on various indicators, oscillators, smart robots, and artificial intelligence is conducted separately from our advertising department. With over 1,000 tradable symbols, MultiBank provides ample opportunities for diversification and exploring various market sectors. The choice of platform often comes down to personal preference and trading style, so it’s worth exploring each option to find the one that best suits your needs.
Ida’s passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders. Multibank offers payment via bank transfer, credit and debit cards, and various e-wallets. Deposits and withdrawals are free, and deposits are processed within 24 hours.
- The experience the broker has is a sign of valid functioning, as well as a great service.
- FxScouts is committed to ensuring protection of all personal information that we hold, and to provide and to protect all such data.
- I strongly recommend the ECN account despite its high deposit requirement.
- Since their creation, they have successfully established a renowned reputation in the world of trading and brokerage.
- The company also uses a stop-out level to control risk, activating it when equity drops below 50% of the needed margin.
Highly recommended trading services
Is MultiBank a market maker?
No, MultiBank is not a market maker, it does not have its own dealing desk. As a client of MultiBank, your orders will be routed directly to liquidity providers/the market.
I listened to their representative advise and false promises and fell victim. I writing my experience and breakthrough now because i have got my money back and i can confirm withdrawal is 100% possible. I am willing to share more about my success and assist anyone in similar case.
Robinhood UK adding Options trading (but not yet Crypto) in 2025
Pricing varies across account types, with the Standard account’s fees higher than average, whereas the ECN account offers some of the industry’s lowest trading fees. Despite slower execution speeds, Multibank shines in service usability and offers dividends for long positions in indices. I have compiled the table below to help you better understand the difference between the trading fees of Mutlibank’s three account types and the industry average.
Is IB broker safe?
Is Interactive Brokers trustworthy? Yes. It's a publicly listed company and has been around a long-time as an online broker with over 2m users around the world.
These promotions are designed to help traders enhance their trading experience and benefits. It’s worth noting that spreads can widen during high market volatility or low liquidity periods. Always check the current trading conditions before placing trades, especially during major economic events or news releases. Established in 2005, MultiBank Group has rapidly ascended the ranks to become a formidable player in the global financial services industry. FxScouts Group’s primary mission to provide unbiased and objective reviews, commentary, and analysis. While some data may be verified by industry participants, FxScouts maintains full editorial independence and never allows third parties any control over our work.
- It offers more than 20,000 tradable instruments across six asset classes, including forex, metals, indices, shares, and cryptocurrencies, on three account types with competitive pricing.
- Yes, the broker provides negative balance protection for retail clients by regulatory requirements.
- As concerns trading promotions, Multibank offers a free VPS and a deposit bonus of up to $40,000.
- Learn how regulators protect traders and how the Forex market is regulated.
- However, the fact that the broker goes to such lengths to collect licenses tells us it doesn’t intend anything malicious.
- 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.
The broker also serves high-risk/yield traders via its huge cryptocurrency offering. Few brokers offer as many crypto CFDs, though it should also be stated that Multibank charges above-average spreads on instruments from the same asset class. Multibank is a great choice for day traders with various experience levels. As for market research tools the broker has several calculators, an economic calendar, and a few more. One good offering from MultiBank offer that can be used by traders is a free VPS service.
They also offer instant and secure nano-second execution, which is essential for high-frequency traders. When using MultiBank, traders can open and close positions in seconds – with zero fees. What’s more, there are no rejections, requotes, or restrictions on Expert Advisors (EAs).
She hosts a weekly podcast, “Let’s Talk Forex”, alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 120 Forex brokers. MultiBank Group’s FIX API is a turnkey solution for institutional and high-volume clients looking for direct access to market, providing the best prices and conditions. The API trading toolset is a way for traders to build their own applications and use the APIs offered by Multibank to connect those applications to different data sources.
MultiBank Group has a rating of 2.1 stars from 27 reviews, indicating that most customers are generally dissatisfied with their purchases. To withdraw the funds from the account you should submit the request online while further the money will be transferred by the selected method. One of the great things is that you can choose your account base currency so that you will avoid unessential charges for conversion. The supported currencies include USD, GBP, EUR, JPY, CHF, AUD, NZD, and CAD while general funding options include the following ones, but again make sure the method is available in your country of origin. MultiBank licenses include top-tier ASIC and BaFIN hence is considered low-risk Forex and CFD trading.
Is MultiBank broker legit?
MultiBank is not a scam
Signing up with a fraudulent broker can easily result in you losing your money. The monetary loss can set back your investment plans by years. You can rest assured, MultiBank is considered reliable as it has multiple top-tier regulation, including ASIC in Australia and BaFin in Germany.