About its history and mission
- Founded
- 2005
- Headquarters
- Address
- Website
Strengths and Weaknesses
Strengths
- Good variety of regulatory licenses across all Trust Score tiers
- Pricing within MultiBank’s ECN account is competitive, despite the high minimum deposit requirement ($10,000)
- Offers a proprietary social copy trading platform
- Operates a regulated crypto exchange in Australia, MEX Digital, which offers underlying physical crypto assets for popular cryptocurrencies like Bitcoin
- MEX Atlantic offers indemnity insurance of up to $1,000,000 per customer with Lloyd’s of London and holds a “B” rating with the S&P
- News headlines from Dow Jones Newswire (in MetaTrader)
- MultiBank's recently launched MultiBank-Plus platform, available for web and mobile, features charts powered by TradingView
Weaknesses
- MultiBank’s research options are limited
- Educational materials are minimal – only short-form videos and ebooks are available
- Spreads on the Standard account are higher than the industry average
- MultiBank advertises 14,145 tradeable markets, but only 1042 are available by default in MT5. Access to additional markets must be requested via email
- Regulatory status in the EU is via money management licenses (not full brokerage licenses), and in the UK is limited to appointed representative status
- cTrader was recently discontinued at MultiBank
Safety and Regulations
The company MultiBank Group had all the required top-tier permissions that have come under the supervision of ASIC (Australia), BaFin (Germany), and FCA (UK). This makes them compliant with the international standards defined in financial matters. They have saved accounts of the client with some of the best designates in banking, and the customers are given $1 million in terms of insurance protection related to the fund for receiving this investment.
Regulators
- ASIC
- AUSTRAC
- BAFIN
- CIMA
- ESCA
- CySEC
- FSC
- FMA
- MAS
- TFG
- VARA
- FSCM
- FSAS
- VFSC
Instruments Available
Types of Accounts
Standard
- Minimum deposit
- $0
- Commission
- 1.5
- Available tools
- 0
- Leverage
- 1:1 to 500:1
- Margin call level
- 100
- Stop-out level
- 50
Pro
- Minimum deposit
- $0
- Commission
- 0.8
- Available tools
- 0
- Leverage
- 1:1 to 500:1
- Margin call level
- 100
- Stop-out level
- 50
ECN
- Minimum deposit
- $0
- Commission
- 0
- Available tools
- 0
- Leverage
- 1:1 to 500:1
- Margin call level
- 100
- Stop-out level
- 50
Fees and Charges
This broker provides the best brokerage rates, according to which trading starts at 0.0 pips in Raw Spread accounts; also, no commissions for the Standard accounts. Transparency will be observed while employed and Islamic accounts will diminish transaction costs. An inactivity fee applies to accounts that have remained unused over time.
Trading Platforms
Customer Support
Contact information not available. Visit the broker’s website for support options.
Deposits and Withdrawals
Deposit and withdrawal details not available. Check the broker’s website for the latest payment methods and processing times.
FAQ
Is the broker regulated?
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How much should be deposited to open an account?
Which types of accounts does the broker offer?
What fees and commissions will I incur?
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Is there any demo trading account?
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Users reviews
Faysal Bana Hadi
Feb 9, 2025
Michael is a fantastic support representative who truly prioritizes customer needs. I appreciate your assistance, Mr. Michael!
Eugene joy Soriano
Feb 8, 2025
I really appreciate Customer Service Agent James for quickly addressing my query regarding the deposit bonus. It was added to my account swiftly. Excellent service!
customer
Feb 5, 2025
I've had a fantastic experience with this platform over the past five years, encountering no problems with withdrawals or any other complications. Waqas stands out as a true professional, frequently exceeding expectations by providing exceptional support, even after regular business hours, to ensure customer satisfaction at every opportunity.
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