MultiBank Group Review

From its establishment in California in 2005 by its founder Naser Taher, MultiBank Group has grown to occupy over 20 global offices and serve a client base in over 90 countries.

In 2021 the group recorded a turnover of over $12.1bn per day, providing MultiBank Group solutions to over one million active users by the second quarter of 2022.

MultiBank Group prides itself on its cutting-edge technology providing a full suite of trading platforms. It has also achieved recognition in the financial sphere winning multiple awards, including Leading Financial Derivatives Institution by Le Fonti Awards, Dubai and Best Forex Broker 2023 by FinTech & Crypto Summit Bahrain.

MultiBank Group was the official partner of BMW M Motorsport for the third consecutive year in 2022.

MultiBank FX and financial derivatives solutions have opened the door to opportunities for millions of retail traders. Read on to discover more from this MultiBank Group review.

Product offering

The MultiBank Group has grown to offer several solutions to its international client base, including:

• Forex 500:1 leverage and 55+ currency pairs
• Forex Trading – MultiBank Group provides one of the most competitive spreads in the market with 0.0 pips
• Trade over 20,000 instruments, including shares, forex, cryptocurrencies, indices, metals and commodities
• Indices 20+ International stock indices
• Commodities 10+ Benchmark commodities
• Zero commission trading
• Multilingual financial support 24/7

MultiBank Group Trading Account Types

 MultiBank Group offers a wide variety of account types to suit your personal and trading needs.

Dependent upon your experience level and anticipated trading volume, there is the option to choose from the Standard, Pro, and ECN accounts.

MultiBank Group has created an Islamic account for adherents to the Islamic faith. The Islamic account waives all swaps charges and credits and does not swap or rollover interest on overnight positions.

Earn a 20% deposit bonus of up to $40,000 when you open a live account.

If you are still deciding upon your preferred broker and platform, there is the demo account option to familiarise yourself with the interface and trading tools made available to you.

Read on to learn more about the different accounts available at MultiBank Group.

Standard Account

The standard account is the perfect entry-level account for traders just starting on their MultiBank journey. Standard is a commission-free account, offering instant execution and stable spreads.

The minimum initial deposit is $50, with spreads from 1.5 pips.

Pro Account

The Pro Account is for the more experienced trader looking to avoid commissions, enter on tight spreads and experience instant execution.

The Pro Account is a highly competitive offering with a minimum initial deposit of $1,000 and spreads from as low as 0.8 pips.

ECN Account

The ECN Account is best suited for high-volume traders seeking maximum value from their proprietary strategies. With raw spreads, instant execution spreads as low as 0.0 pips and a minimum initial deposit of $5,000, ECN is a heavy-hitting account for the serious practitioner.

Swap-Free Account

The exclusive Swap-Free Accounts do not swap or rollover interest on overnight positions and are structured for any client to waive swap credits and charges in their account.

MultiBank Group Commission and Fees

Commissions and fees vary across the different products and account types. When you select and create your MultiBank account and MultiBank login, your predetermined spreads and commissions will be live on your chosen trading platform.

Most popular FX pairs

 MultiBank Group offers over 55+ currency pairs at competitive spreads. Here are some of the major pairs offered under the standard account.

Most popular indices

Standard accounts offer the most competitive spreads, including over 20+ international stock indices that are priced on the MultiBank platforms.

Most popular cryptocurrencies

More than 200 popular cryptocurrencies are available to trade on the MultiBank Group platforms.

MultiBank Group Platforms and Tools

MultiBank Group provides a suite of trading platforms, including:

• MultiBank cTrader
• MT4 platform
• MT5 platform
• Web trader MT4
• Webtrader MT5
• Social trading

MultiBank Group has a platform called My MultiBank Group; this platform is tailored to suit your trading needs.

For some, trading is intuitive, requiring a deft touch and fine tooling. MultiBank Group provides users with the most popular and widely used trading applications.

The MT4 and MT5 platforms are used by millions of traders daily. Their intuitive charting and technical analysis functions facilitate responsive execution by traders worldwide.

cTrader complements the MT4/5 offerings, being a mobile trading platform that allows the user to track markets and portfolios and execute trades from anywhere on the go. It is an all-in-one multi-asset trading platform for the next generation of traders.

The MultiBank group also facilitates social or copy trading, making trading easier by providing the facility to follow other experienced operators and gain trading tips by following their trading techniques.

MultiBank Group Research

MultiBank Group has a helpful newsletter, economic calendar, expert advisors and a wide selection of calculators, such as a currency converter and Fibonacci Calculator, which offer a solid foundation to the elementary trader.

Should I trade with MultiBank Group?

MultiBank Group offers a secure backdrop to your funds and trading journey with guaranteed deposits of up to $1m. It is backed by depositors’ insurance issued by Lloyds of London and an international suite of financial regulators.

With over 17 years of experience, the MultiBank group customer service is available to answer all of your onboarding and support queries with a commitment to a low turnaround time from support requests to resolution.

For the more experienced trader, the low-latency hosting options on an ECN account facilitate algorithmic trading without the need to keep a laptop open or a desktop running.  Whether new to the game or a seasoned professional, MultiBank Group’s relentless focus on execution has a proven and growing customer base.

Summary

MultiBank Group is a global financial institution which offers a wide range of financial markets, including forex, indices, metals, stocks, commodities, and cryptocurrencies.

MultiBank Group offers a 20% deposit bonus of up to $40,000 when you open a live account with 0.0 pips.

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Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could sustain a loss in excess of your deposited funds. Please refer to specific risk warning for each regulated entity during the account opening process.

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Pros	Cons
Regulated by over 10+ regulators, including the BAFIN, CySEC, ASIC, FMA and FSC.*	Inactivity fees
Lots of low-cost deposit and withdrawal options	Limited research offerings
Excellent customer service 24/7 in over 10 languages
A variety of cutting-edge trading platforms and products
Hosting, low latency trading
Low deposit and up to 500:1 leverage

*Relates exclusively to specific regulated asset management products

Frequently Asked Questions

How do I open a MultiBank Group account?

 Signing up just takes 15 minutes on average, while the approval of your account could take one day. You will need to prove your identity and residency. Some examples of proof of identity include a passport or driver’s licence, and proof of residency would include a bank statement or utility bill. 

What do I need to start copy trading?

It’s very easy to become an investor and start copy trading. All you need do is open a live account with MultiBank Group. Once your account has been opened, deposit funds into your account and open an Investment Account on the Social Trading section invest.multibankfx.com. From there, choose the Signal Providers from which you’d like to copy trades, and click the “Subscribe” button.