This is the ideal choice for beginners as it offers a low deposit of $50 and spreads from 1.5 pips. This account is also commission-free and gives access to all platform types. MultiBank Group provides a range of promotions, bonuses, and loyalty programs to enhance the trading experience for its clients. Below, we explore the current special offers and how traders can qualify for them. 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.

The bulk of the offering is comprised of share CFDs and a fairly large selection of cryptocurrencies. With respect to contract types, Multibank’s instruments can be traded on the spot market or through futures contracts. The Metals and Indices sections offer plenty of underlying assets for MultiBank Group clients too. Supporting a myriad of time frames and drawing tools, the platform lets users create custom chart templates, which they can save for later use. The platform – which can be downloaded for free, directly from the MultiBank Group website – comes with more than 50 pre-installed technical indicators.

The Standard Account keeps deposits low at just $50, however the Pro and ECN Accounts ask for $1000 and $5000 respectively. It’s important to note that all accounts offer negative balance protection, providing peace of mind during market volatility. MultiBank Group provides flexible account options, catering to all trading styles and experience levels.

• Founded in 2005, MultiBank has an exceptional track record and ranks among the most trusted Forex brokers operational today.
• This account gives direct access to the interbank market and has tight spreads from 0.0 pips.
• MultiBank Group is a globally recognized broker, known for its wide range of financial instruments, cutting-edge trading platforms, and strong regulatory oversight.
• These are designed to get you up to speed with the fundamentals, ensuring you understand how the markets operate.
• MultiBank Group was founded in 2005 and today employs over 600 staff globally.

Multibank offers commission-free trading and spreads that vary greatly from one account type to another. The broker’s swaps are elevated, but swap-free trading is available via its Islamic accounts. I also learned that Multibank does not charge deposits and withdrawals but has a high inactivity fee. The broker impressed me with the wide variety of tools and services it offers its clients, including VPS hosting, FIX API, and Trading https://worldtradex.pro/ Central.

What is the minimum deposit required to start trading?

They will guide you through the process, which may involve submitting additional documentation or meeting specific requirements. Yes, MultiBank allows internal transfers between different accounts held by the same trader. This can be done through the account management section of the trading platform. MultiBank participates in various compensation schemes that provide an extra layer of security for client funds.

Social trading

Founded in 2005, MultiBank has an exceptional track record and ranks among the most trusted Forex brokers operational today. Traders select the amount and desired payment processor, and MultiBank Group processes requests instantly. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the MultiBank Group Pro and ECN accounts. Here is the minimum spread for the EUR/USD and the trading costs per 1.0 standard in all three pricing tiers. The information does not contain a record of TraderFactor or partner’s prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.

MultiBank Group provides a well-rounded selection of financial instruments, making it an excellent choice for traders looking to diversify their portfolios. Whether you prefer forex, stocks, indices, commodities, or cryptocurrencies, the broker offers competitive spreads, high leverage, and a robust trading environment to suit different trading styles. User reviews are generally positive, highlighting the platform’s reliability, comprehensive educational resources, and responsive customer service.

How Can I Open Multibank Group Account? A Simple Tutorial

One of the key additional charges is the monthly maintenance fee, which is $60 per month for accounts with low or inactive balances. The broker also offers a demo account for beginners to test trade their skills and gain more knowledge without risking their money. You can also sign up for an Islamic Account which does not swap or rollover interest on overnight positions, thus, operating in compliance with Sharia. However, while regulatory oversight adds credibility, some traders may find the broker’s offshore entities less reassuring compared to top-tier regulators like the ASIC or CySEC.

The broker processes payments efficiently, with most deposits being instant and withdrawals typically processed within 24 hours. Pretty low spreads and commission charges, quick deposits and withdrawals, local offices in Europe.So far it’s going… MultiBank supports various payment methods, including debit and credit cards, bank wire transfers, and e-wallets like Neteller and Skrill.

• MultiBank offers a variety of promotions and bonuses designed to attract and retain traders.
• The site may contain ads and promotional content, for which PipPenguin could receive third-party compensation.
• The Advanced Lessons course covers candlestick charting and explains how critical patterns in trading work and form and how to trade when they arise.
• Yes, deposit bonuses offered by MultiBank Group are legit, but that doesn’t necessarily mean you’ll be able to redeem them.

Prohibited Countries: Where Can I Not Trade with this Broker?

Overall, MultiBank Exchange Group costs range as low-cost trading compared to industry competition. Very Good FX Broker for lowest spreads and no commissions and no overnight charges. MultiBank Group accepts clients from all over the world, excluding USA, Iran, Iraq and some other countries where restrictions apply. To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page. For that reason, this MultiBank Group review will cover all aspects, good and bad. ✅ Worldtradex reviews All platforms are available on Desktop (Windows & Mac), Web, and Mobile (iOS & Android).

Each platform boasts unique features that enhance your trading experience, whether you’re a novice or a seasoned trader. MultiBank Group, established in 2005, is a reputable global financial institution known for its robust regulatory framework and expansive market offerings. As you explore the competitive landscape, you’ll find that MultiBank has strategically positioned itself through technological innovations and a deep understanding of trading strategies. This adaptability has facilitated their market expansion, allowing them to serve a diverse client base worldwide. This includes industry-standard MetaTrader 4 and its updated version, MetaTrader 5.

Additionally, social trading features on MT4 and MT5 enable investors to follow and copy the strategies of professional traders, making it easier for beginners or passive investors to participate in the markets. These investment tools give traders flexibility beyond traditional self-directed trading, offering opportunities to engage in automated or managed trading solutions. The ECN Account is perfect for professional traders or institutional investors who need raw spreads, direct market access, and ultra-fast execution. Offering spreads starting from 0.0 pips, this account provides the most competitive pricing with no dealing desk intervention, making it the preferred choice for scalpers and high-frequency traders. However, while MultiBank Group holds multiple regulatory licenses, some traders may find its offshore entities less reassuring compared to top-tier financial regulators.

He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). MultiBank Group, in operation since 2005, is home to numerous global brands and is regulated in jurisdictions all over the world. A multi-asset broker, MultiBank offers forex and CFDs through the MetaTrader platform suite (though not all markets are readily available) as well as underlying crypto assets via its regulated crypto exchange.

Regulation and Security Measures

MultiBank Group provides a competitive trading environment with various features designed to enhance the trading experience. It adheres to strict regulatory requirements to keep client funds in segregated accounts, separate from its operational funds. This segregation ensures that client funds are not used for the broker’s operational activities and are protected in case of the broker’s insolvency. Yes, MultiBank Group offers cryptocurrency trading among its range of trading assets. Traders can trade popular cryptocurrencies in addition to forex, metals, shares, indices, and commodities. MultiBank Group caters to a diverse clientele by offering many account types, each designed to meet the specific needs and preferences of individual traders.