Below is a step-by-step guide to getting started, along with an overview of the trading platforms and tools available. The trading platforms of the brokerage sort of act like account-types too. They impact price making, spreads and a number of other perks users are offered. MultiBank Group has firmly established itself as a trading leader, constantly innovating and developing the foreign exchange market. Their commitment to perfection is evident in the high-quality products, services, and trading platforms that they provide. MultiBank Group offers professional, multilingual customer care 24 hours a day, seven days a week, as well as free MAM, PAMM, EA, VPS, and API services.

Support Quality & User Feedback

The cutting-edge trading platforms offered are built for stability, allowing you seamless, real-time trading. Trade over 20,000 assets, including forex, metals, stocks, indices, commodities and cryptocurrency. Enjoy zero-commission trading, negative balance protection and nano-second execution without requotes, rejections, or EA limits.

MultiBank plus mobile app

However, the Pro and ECN Accounts have high minimum deposits at $1000 and $5000 respectively. The trade-off is the improved trading conditions with these two accounts, which may lead to higher gains. However, for the best trading conditions, these deposits rise drastically.

Open an Account with MultiBank Group!

Platforms like MetaTrader 4 and MetaTrader 5 have become industry standards for a positive user experience, so that bodes well for MultiBank. You can also contact this broker via email, live chat, or video conference, in addition to the dozens of phone numbers offered. As we have already explored, the Standard Account has the lowest minimum deposit at just $50.

Reviews from traders

In addition to standard trading costs, MultiBank charges certain additional fees under specific conditions. One of the key additional charges is the monthly maintenance fee, which is $60 per month for accounts with low or inactive balances. The account requires a minimum initial deposit of $10,000, positioning it as a more premium option for those who require the best possible trading conditions. Overall, the MultiBank Group review presents a company with a diverse range of established offices and enlarged trading portfolios through numerous countries, regulations, and offerings. In general, MultiBank broker is a reliable option for almost any trader from almost anywhere due to their global coverage comprehensive trading proposal, and the great support they offer. For negative points, proposals vary according to the entity, the trading market is based only on FX and CFDs, and also it lacks good trading educational resources and the range of research tools is limited as well.

The higher your trade volume in Forex and Metals, the more cashback you earn. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Typically, long positions may incur a positive or negative swap, while short positions are also subject to swap charges based on the interest rates of the respective currencies.

The mobile platforms of the brokerage, which cover all Android- and iOS-based mobile devices, are essentially optimized MT4 apps, bringing most if not all of the functionality of the desktop-based trading platform. The advantages it offers over MT4 are most obvious in the scripting tools that traders can use to create custom technical indicators and EAs. MultiBank FX offers four main account types to suit different trading styles and experience levels. And while we don’t review forex broker bonus offerings, it’s worth noting that the bonus offer by MultiBank is only available on its Pro and Standard accounts, and not on its ECN account (which has lower spreads). For example, if you deposit $1,000 of trading funds to receive a $200 promotional deposit bonus, the volume requirement to redeem the bonus would be 80 standard lots – or 8,000,000 units of currency. When trading at that volume, you can easily end up earning (or losing) far more than the initial deposit bonus amount.

MultiBank Group is a serious, trustworthy and massive operation indeed, offering solid trading platforms, great trading conditions (for the most part) and a superb regulatory profile. Customer feedback regarding the services offered by the brokerage is positive as well. Research and education at MultiBank Group brands have a long way to go to catch up to industry leaders, but the broker continues to make progress in other categories. I was happy to see that it has developed its own social copy trading platform, and spreads are competitive on its ECN Account offering. Making its entire range of markets available by default and adding more educational and research content would help to balance MultiBank’s overall offering.

The broker provides traders with the flexibility to trade on the go, offering both MT4/MT5 and the MultiBank-Plus mobile apps. These mobile platforms deliver all the essential features needed for efficient trading, including real-time market data, advanced charting tools, and the ability to execute trades swiftly from anywhere. In addition, the account is powered by MT4 and MT5 and mobile app trading platforms, offering a realistic trading environment for new and experienced traders. Furthermore, the demo account has a limitless length, allowing users to practice trading methods over time without time restrictions. MultiBank Group is a highly regulated and reputable broker with competitive trading conditions and a strong global presence. Whether you are a beginner or an experienced trader, its diverse account types, fast execution, and solid security measures make it a reliable choice in the financial markets.

  • Social Trading indicates that this broker works with both sides of the spectrum, experienced and new(ish).
  • Many brokers charge an inactivity fee but MultiBank Group has a relatively high fee for a short amount of inactivity.
  • Trading with MultiBank is generally considered safe due to its strong regulatory framework and global presence.
  • The minimum deposit requirement at MultiBank Group varies by account type, with the Standard Account needing a deposit of $50, the Pro Account requiring $1,000, and the ECN Account demanding $10,000.

Very quick and precise service

Fill out the required details, including your name, email, phone number, and preferred trading platform. Once registered, you will receive login credentials via email, granting access to a simulated trading environment with virtual funds. The demo account provides real-time market conditions, enabling traders to test strategies, explore platform features, and gain confidence before transitioning to a live account.

It can take several business days for clients to receive funds, dependent on their payment processor. MultiBank Group offers its Standard account for a minimum deposit of only $50. Pro is available from $1,000, a high demand, but it cuts trading fees by almost 50%. The best trading conditions exist in the ECN option, but traders must commit $5,000, which may be high for some. Yes, MultiBank offers demo accounts for traders to practice trading methods and get acquainted with their platforms without risking real funds. MultiBank Group provides a demo account for traders to experience trading various financial products without risking real money.

The Standard account requires just a $50 minimum deposit, but comes with higher relative spreads. In my opinion, MultiBank’s Standard account is best avoided unless you are a complete novice. The Pro account requires a $1,000 minimum deposit but features lower spreads than the Standard account. The lowest spreads available at MultiBank are featured on its ECN account offering, which requires a $10,000 minimum deposit and charges a small round-trip commission of $3 per trade. This includes industry-standard MetaTrader 4 and its updated version, MetaTrader 5. Alongside this, there is also a mobile app which is available on iOS and Android.

  • The minimum deposit requirement for opening a Standard Account at MultiBank Group is $50, whereas the Pro account requires $1,000, and you’ll need to deposit $10,000 to get started with the broker’s ECN account.
  • While MultiBank Group is a globally recognized broker, it operates under multiple financial regulations, which restrict its services in certain countries.
  • The account also provides access to reputable platforms and support services.
  • Furthermore, to avoid any kind of conflict of interest, a fully automated trading desk is used.
  • These spreads range from 0.2 pips to ~0,3 pips, so they are indeed extremely generous.

Tradable products include crypto, commodities, shares, indices, metals, and Forex. There is an expert adviser, over eighty technical analytics tools, one-click trading, VPS hosting, and a stop out level of 50%. Features like Social Trading allow traders to “invest smarter.” You can copy the trades of profitable, consistent traders. Traders who act as Signal Providers can scale their income, earning extra money when investors copy their account and trading moves. Social Trading indicates that this broker works with both sides of the spectrum, experienced and new(ish).

Scalping and EA-use is available and instant execution is part of this package too. Germany’s BaFIN is among the license-providers of MultiBank Group too, as is the Cayman Island’s CIMA (Cayman Islands Monetary Authority), and the BVI’s FSC. The Financial Services Commission of the British Virgin Islands has also signed off on the legitimacy and legal compliance of the brokerage. In terms of education, Multibank offers several resources for educating beginners; however, these resources are mainly focused on news, not research. The new generation of trading with an intuitive, user-friendly design that simplifies and streamlines the trading process. Take advantage of global supply and demand trends to maximize your returns.

In 2024, MultiBank launched a proprietary mobile trading app called MultiBank-Plus. This mobile platform offers charting, watchlists, and research articles all wrapped in a modern-looking interface with smooth navigation. Like its web counterpart, the MultiBank-Plus app could use more tools and functionalities and fewer messages that feel like ad placements. Though this new app has a long way to go before it competes with the best mobile trading apps, it has a good foundation to build upon and I look forward to https://lunarcapital.net/ seeing how the app progresses. The same funding options available for deposits can be used to withdraw funds at MultiBank.

Opening an account at MultiBank Group takes only a few seconds and requires a name, e-mail, and valid mobile phone number. MultiBank will send an OTP via SMS, which is necessary to complete the process. This was an extra thing compared to many brokers, but on the other hand it is always reassuring to see your broker taking extra care over security and this is what MultiBank Group is doing here. MultiBank Group offer a choice of 55+ currency pairs, 5 cryptocurrency pairs, 6 commodities, 6 index CFDs, 15,000+ equity CFDs, and 13 index futures. Forex traders get an averagely ranged choice of trading instruments, while equity traders get one of the best in the industry.

However, the vast majority of MultiBank’s listed offering is unavailable when first logging into the broker’s available platforms. Overall, customers are very satisfied with the service provided by MultiBank Group. Many users talk about the excellent customer service, although there are a few customers that believe it could be better. Alternatively, new and existing clients can contact the broker via email or live chat. Although users can trade over 20,000 CFDs on stocks, commodities, indices, cryptocurrencies, and forex, MultiBank doesn’t offer actual shares, funds, or ETF trading.