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Founded

2005

Platforms

MT4, MT5, cTrader

Minimum Deposit

$50 - $300

Clients

1M+

Leverage

1-500

Support

24/7

Regulation:

ASIC, BAFIN, CySEC, CIMA, ESCA, FSC, MAS, FMA, TFG, ASUTRAC, VFSC

Multibank Group Articles

About Multibank Group

Summary

MultiBank Group is a well-known forex and CFD broker founded in 2005 in Los Angeles. Now the group is headquartered in Dubai, UAE and boasts over 20 offices worldwide. MultiBank Group offers over 20,000+ CFD instruments across forex, stocks, indices, commodities and crypto. We find that key highlights include MultiBank’s low gold spreads from $0.02, and their 20% deposit bonus offered to new clients. On the negative side, we find poor educational and market research materials on the website.

MultiBank Trading Instruments

MultiBank Group’s product offering is centered around CFDs. On their website, MultiBank Group states that they offer 20,000+ CFD trading instruments, including

40+ forex pairs
27 stock indices
13,800+ stocks
13 commodities
11 cryptocurrencies

MultiBank Commissions, Spreads and Fees

Overall, we find that MultiBank offers low fees on forex, gold and indices, with the additional benefit of having zero withdrawal fees. 

When it comes to trading fees, costs will vary depending on the account type you have. here is the breakdown of MultiBank Group’s spreads and commission:

Standard Account
For standard accounts, the fee is built into the overall spread. Average spreads on the standard account are around 1.4 pips, which is slightly higher than the industry average.

ECN Account
On the ECN account, which is designed more for professional traders, spreads start from 0.1 pips and a commission of $3 per lot. While this is a highly competitive option, it requires a very high trading volume and a maintained account balance of $5000.

Swap fees
In terms of swap fees, MultiBank Group offers swap-free trading on all products except forex, metals and spot oil. On the products MultiBank does include swaps on, the fees are generally average.

Inactivity fees
When it comes to non-trading fees, MultiBank Group offers zero deposit and withdrawal fees. However their inactive fee is quite heavy at $60 per month if your account is inactive for more than 3 months.

MultiBank Deposits & Withdrawals

MultiBank offers a selection of instant, simple, and secure payment options for deposits and withdrawals which remains at your disposal to choose the best-suited one. We rank MultiBank Group as Excellent with an overall rating of 9 out 10.

The minimum deposit amount for MultiBank is low at $50 for standard accounts, which goes up to $1000 for Pro accounts and $5000 for ECN accounts. UAE clients have the following deposit options:

  • Credit/Debit cards
  • Bank transfer
  • Neteller
  • Skrill
  • Perfect Money
  • Others (depending on your location)
  • MultiBank Trading Platforms

    MultiBank provides a variety of trading options through some well-known third-party platforms such as MT4 and MT5, along with social copy trading too. While this serves as a strong foundation, MultiBank still lags behind the top forex brokers in this particular category when it comes to their own developed platforms.

    MetaTrader
    MultiBank Group offers the widely recognized and globally used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) desktop and web platforms. Live account holders in the UAE can gain access to streaming news headlines from Dow Jones Newswire and opportunity alerts from Acuity to enhance their trading experience.

    Social Copy Trading
    MultiBank Group provides two options for social copy trading. These include an in-house copy trading web platform and the MetaTrader Trading Signals (accessible with both MT4 and MT5). 

    MultiBank’s in-house platform may not yet offer the same extensive range of features as industry leaders, it is easy to navigate and offers clear portfolio and fee reports. The platform is also very easy to navigate.

    Mobile App
    MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms are MultiBank Group’s chosen platforms when it comes to mobile trading, available on both iOS and Android. 

    They come in an impressive 22 different languages, including English and Arabic, and can be accessed via the MEXIntGroup-Real server after downloading. It also comes with some helpful features, including alerts, watchlists, indicators and drawing tools, and an economic calendar. However the app does not offer 2 factor authentication, which does lower its security rating.

    MultiBank Account Types

    There are 3 account types to choose from with MultiBank Group to suit the needs of all types of traders. These are the Standard, Pro, and ECN accounts. 

    Standard Account
    The Standard account is a commission-free trading account suitable for beginner forex traders. This account type does have the highest spreads from 1.5 pips and a maximum leverage of 500:1. It also has the lowest minimum deposit of $50 and can be accessed on both MT4 and MT5

    Pro Account
    This account comes with higher spreads from 0.8 pips but also a higher minimum initial deposit of $1000. The same leverage and platforms also applies for the Pro account.

    ECN account
    MultiBank’s ECN account offers the lowest spreads for traders in the UAE from 0.0 pips. However, with a minimum initial deposit amount of $5000, this account is suited towards professional traders only. This account type also charges a commission of $3 per lot when trading forex.

    MultiBank Regulation

    One of MultiBank Group’s key highlights is its several stringent regulations. MultiBank has 10 globally regulated entities – including CIMA (Cayman Islands), FSC (British Virgin Islands, ASIC & AUSTRAC (Australia), BAFIN (Germany), FMA (Austria), MAS (Singapore), TFG (China), VFSC (Vanuatu). As a major advantage to UAE clients, MultiBank Group is also locally regulated by the SCA. 

    For more information on MultiBank’s regulations and licenses, visit the company’s global regulations page here. 

    In addition, MultiBank Group offers segregated client accounts, tier 1 banking, withdrawals within 24 hours, and capital protection of up to $1 million for MEX Atlantic clients. Overall, we find that MultiBank is considered a highly safe and secure broker to trade with.

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