Australia
Germany
Liechtenstein
Vanuatu
Mexico
What is MultiBank Exchange Group?
MultiBank was founded in California in 2005. It has since grown to be a major financial institution offering its customers direct access to exchanges and banks through advanced trading platforms.
MultiBank Exchange Group delivered over 280,000 retail or institutional customers across more than 90 countries. MultiBank also has offices in Sydney and Los Angeles, Frankfurt, Madrid and Cyprus.
The group also serves different branches, where each has its own task and role. MEXFintech is located in Hong Kong; MEX Asset Management (Austria), GmbH, Beijing, Tianjin and Hangzhou are all MEX Group Worldwide offices.
MultiBank Exchange Group Pros and Cons
MultiBank Exchange Group A globally recognized financial institution, MultiBank Exchange Group offers Forex and CFDs trading.
Negative points can be submitted to Proposal. Each entity has its own proposal and 24/7 support is not available.
Awards
The company believes exchange technology is the best director of the financial markets. MultiBank Exchange Group provides award-winning trading technology and liquidity providing, as well as brokerage services. Broker and its financial institution will eventually become a multi-recognized and award winning group that continually improves their proposals and receives great rewards.
MultiBank Exchange Group: Safe or a Scam?
MultiBank Exchange Group is a well-respected financial institution that follows best practices. It is also fully registered and regulated in all jurisdictions it serves clients. This is not a fraud. MultiBank licenses include top-tier ASIC and BaFIN, so it is low-risk Forex trading.
Is MultiBank Exchange Group legitimate?
Yes, MultiBank Exchange Group is legitimate and well-regulated around the world. It includes the Australian Securities and Investment Commission (“ASIC”) and the Federal Financial Supervisory Authority (BaFin) of Germany. Also, it has European cross-boarding authorization from CNMV and FMA.
There are also offshore registrations with the Financial Services Commission (FSC) of the British Virgin Islands and the Cayman Islands Monetary Authority (CIMA”. While this does not provide the necessary security level, we recommend that you sign it. MultiBank Exchange Group is considered a safe broker to trade or invest with, given its compliance with numerous legal requirements.
How can traders be protected?
MultiBank is able to offer you the best protection because it has many regulatory obligations.
MultiBank Exchange Group provides the highest level of security for funds by providing up to $10,000,000 per account with segregated accounts with first-class banks. The company also offered negative balance protection, which protects you against losses, even though it is not required by every regulation.
Leverage
Depending on which MultiBank Exchange Group entity you are dealing with and the applicable regulatory obligations, you may be able to leverage powerful tools to increase your trading results.
Regulations in different jurisdictions have different rules for leverage.
- The allowed leverage for major currency pairs is significantly lower in Europe than it was for other countries.
- Australian clients can still use high leverage ratios up to 1:500
- 1:500 International Trade –
- Dubai clients may use 1:200 for RAK UAE regulations
- Professional clients entitled to 1:500
It is a good idea to understand how leverage works so that you don’t take unnecessary risks when trading.
Types of accounts
The specifications for trading accounts are divided into offering to institutional clients or retail clients. Thus, the account only defines the type of investor and also offers social trading capabilities.
You can also choose from Maximus MT4, MultiBank Pro MY4 or ECN Pro MT4, which have different conditions and trading costs.
How do I open an account?
MultiBank Exchange Group review also explains how to open a virtual account. This is an easy process. Once you have completed the required information and documentation, the next steps will be taken.
- Follow the Open Account link
- To confirm your Live account, provide personal data and trading experience
- Register to verify your account using the link in your email. You will have access to your Demo trading area and your account area.
- Make your first deposit
- Markets and trading
Fees
MultiBank Exchange Group focuses on trading costs for Standard accounts.
Pro MT4 – This professional account has a balance of 5,000$ and spreads at 0.1 pip. There is a commission of 3$ per Lot for the traded amount of $20,000$. Further, the commission can be discounted to 2$ per lot. This is a very competitive and profitable trading option.
MultiBank Exchange Group costs range as a low-cost trading. Also, you can see more cost examples and a snapshot below to compare the platforms. You can also compare MultiBank Exchange Group costs to Just2Trade.
Spreads
MultiBank trading conditions can vary depending on the platform or trading account you use at MultiBank. For example, if you trade through Maximus MMT4, spread averages around 1.5 pips. MultiBank Pro HTML4 is designed for experienced traders and larger accounts. It requires a minimum of 1,000$ to open an account. However, it typically has 0.5 pips .
Trade Instruments
MultiBank’s trading account will provide you with prime liquidity within a strictly regulated framework. This will ensure that your funds are secure and also allow you to trade a wide range of instruments, including metals, CFDs with tight pricing, and foreign currency.
This means that the exchange technology provides you with full transparency with quotes of 20 Top Tier Banks, twelve Exchanges and six ECNs. MultiBank also included this asset in its CFD trading offering due to the rise in blockchain technology and cryptocurrency.
What payment methods does MultiBank Exchange Group offer you?
MultiBank provides a range of quick, easy and secure payment options for withdrawals and deposits. However, you are subject to regulatory restrictions. traders issued by different Group entities might face differences in payment methods and charges.
Deposit Options
You can choose the base currency for your account so you avoid unnecessary conversion fees. You can choose from USD, GBP or EUR as well as JPY, EUR, CHF and AUD. There are also general funding options available, including the ones listed below. However, make sure you have access to the method in your country of origin.
- Bank Wire transfers,
- Credit Card
- Neteller, Skrill and fasapay are available for online-payments
Minimum deposit
MultiBank Minimum deposit is 50$, this is a great opportunity to traders, regardless of its size or strategy. You should ensure that you check the margins applicable to the instrument you wish to trade. This will help you to cover specific conditions and different technology platforms.
Withdrawal
MultiBank Exchange Group generally does not charge any commission for deposits or withdrawals. However, different jurisdictions may have their own legal conditions and international rules that could add additional charges. You should always check with the payment provider and the broker’s customer service if there are any fees.
How can I withdraw money from MultiBank Exchange Group
You can withdraw funds from your account online. The money will then be transferred using the chosen method.
What is the average time it takes to withdraw money from MultiBank Exchange Group
The broker will usually confirm your withdrawal request within 1-2 days. However, this may change depending on entity conditions.
Trade Platforms
MultiBank platform provides technology based upon MetaTrader proven powerful capabilities. It is installed to MT4 and HTML5 platforms which enable partial fill with bridge technology without any slippage or rejections. These platforms use the MT4 engine to run ECN connections with customized capabilities that allow for sophisticated yet user-friendly suits to any strategy.
Web Platform
Particularly, MultiBank platforms include a variety of platforms through Maximus Platform and ECN PRO Platfrom. Each platform suits the needs of their clients and is an ideal choice for any trader.
MultiBank Exchange Group platforms make it possible to trade algorithmic, scalper and automatic traders, as well as the advanced money management offering through PAMM, and MAM accounts.
Desktop trading platform
All platforms are also available in desktop versions, which will allow you to access advanced analysis and manage positions. There are many order types that can maximize your strategy and help you manage your money at risk.
The platforms are all built on the MT4 software. They differ by account type, which includes and provides tailored pricing and solutions. The MT5 Platform has all the features of the MT4 but with enhanced editions such as better trading functionality and enhanced scripting tools to create custom indicators and expert advisers.
Mobile Platform
The package also includes the Definitely mobile app. Each platform has its own app that is easy to use and comes with many tools.
MultiBank’s award-winning platform capabilities are not the only thing that MultiBank has to offer. The diversified portfolio also includes APIs and VPS use free of charge, and no restrictions on EAs. You can also participate in the Demo Contest to win valuable prizes without taking any monetary risks. This is definitely a fantastic opportunity.
Support for Customers
This is in addition to the diversity of the companies providing their customers with multiple support. They offer 24hr customer service on 10+ languages with the on-boarding, configuration, and cash management facilities.
Customer Service is also easily reachable and provides quality answers through Live chat, email and the contact form. There are also a number of international telephone lines that cover the entire globe.
Research
Educational Support is available to beginners. It includes videos, tutorials, seminars, learning materials and financial news in multiple languages that will help you make better decisions.
MultiBank Education was eventually recognized, so you’ll find a well-organized learning centre, as well as a variety of research tools and materials. You will have access to Signal providers, Expert Advisors, Social Trading capabilities, and other tools that can help you trade and duplicate trades.
Conclusion
The MultiBank Exchange Group review shows a company that has a wide range of offices and expanded trading portfolios due to the many regulations, laws, and offerings. A MultiBank Exchange Group broker can be trusted by almost all traders, regardless of location. They offer a comprehensive trading plan and excellent support. There are options for beginners and seasoned investors. You can also choose from accounts that offer competitive trading conditions due to the STP processing of orders.
| MultiBank Summary | |
|---|---|
| MultiBank Details | Information |
| Regulators | ASIC, BaFin, FMA, VFSC, CIMA |
| Country |  Hong Kong |
| Base Currencies | EUR, USD, GBP, AUD, CAD, CHF |
| Type Of Brokers | ECN, STP |
| Trading Platform | Desktop, Mobile, WebTrader, MT4, MT5 |
| Established Year | 2005 |
| Website Language | English, Chinese, Spanish, Russian, French, Arabic, Thai, Vietnamese |
| US Clients | |
| MultiBank Spreads | |
|---|---|
| Option | Information |
| Minimum Spreads | 0.0 |
| Commission | |
| Fixed Spreads | |
| MultiBank Payment & Withdrawal Option | |
|---|---|
| Option | Information |
| Acc Funding Methods |  Skrill,  Wire transfer,  Visa Card,  Master Card,  Card Payment,  Neteller,  UnionPay,  Bitcoin |
| Acc Withdrawal Methods | Skrill, Wire transfer, Visa Card, Master Card, Card Payment, Neteller, UnionPay, Bitcoin |
| MultiBank Suitable For | |
|---|---|
| Option | Information |
| Publicly Traded | |
| Beginners | |
| Day Trading | |
| Weekly Trading | |
| Professionals | |
| Swing Trading | |
| MultiBank Trading Account Options | |
|---|---|
| Option | Information |
| Maximum Leverage | 1:500 |
| Mini Account | |
| VIP Accounts | |
| Segregated Accounts | |
| Free Demo Accounts | |
| Managed Accounts | |
| Pro Account | |
| Minimum Deposit | 50 USD |
| Islamic Account | |
| MultiBank Trading Services | |
|---|---|
| Option | Information |
| Hedging | |
| News Trading | |
| Scalping | |
| Automated Trading | |
| Indices | |
| Commodities | |
| Forex instruments | |
| CFDs | |
| ETFs | |
| Stocks | |
| Bonds | |
| Cryptocurrencey | |
| Trading Signals | |
| Educational Service | |
| Copy Tradings | |
| MultiBank Contact & Support | |
|---|---|
| Option | Information |
| Telephone No | +44 20 3953 8381 |
| cs@multibankfx.com | |
| 24 Hours Support | |
| Support During Weekends | |
| Address | Hong Kong |
