Below, we explore the current special offers and how traders can qualify for them. While MultiBank Group is a globally recognized broker, it operates under multiple financial regulations, which restrict its services in certain countries. Below is an overview of the regions where trading with MultiBank Group is either prohibited or restricted due to regulatory constraints.

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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. Users can access tutorials covering MT4 and MT5, social trading features, mobile app navigation, and economic insights.

• The company also uses a stop-out level to control risk, activating it when equity drops below 50% of the needed margin.
• MultiBank Group provides multiple channels for customer support, ensuring traders can reach them conveniently.
• However, some users do state that waiting times have been a little too long in the past.
• After 90 days of trading inactivity, a charge of $60 will be applied Many other brokers have a 12 month inactivity period before fees are charged and are often half the amount.
• By combining real-time trading capabilities with ongoing learning, MultiBank Group creates an environment where informed decisions come first.
• I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database.

As is expected from all major forex brokers, MultiBank’s customer support is open 24 hours a day on all trading days. Opening a MultiBank demo account is a simple and quick process, allowing traders to practice risk-free before committing real funds. To get started, visit the MultiBank Worldtradex review Group website and navigate to the demo account registration page.

Trading successfully requires access to advanced charting tools, indicators, and market analysis features. MultiBank Group provides traders with a variety of tools to analyze price movements, trends, and patterns across different asset classes. The minimum deposit for the MultiBank Group Standard account is $50 or a currency equivalent. 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.

Swap rates apply to leveraged positions held overnight and are based on interest rate differentials and market conditions. In addition to forex, MultiBank Group provides Contracts for Difference (CFDs) on over 1,000 shares, allowing users to speculate on the price movements of leading global companies without owning the underlying assets. Traders can also engage with global indices, commodities, and a selection of precious metals like gold and silver.

• Social trading is available across account types, allowing users to copy strategies from seasoned professionals.
• While these licenses offer a level of credibility, clients should be aware that trading under offshore jurisdictions may involve different levels of investor protection compared to stricter regulatory environments.
• Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
• The best offer is available in the commission-based ECN account, where traders enjoy raw spreads of 0 pips for a commission of $3.00 per round trip.
• Yes, MultiBank offers demo accounts for traders to practice trading methods and get acquainted with their platforms without risking real funds.

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 seeing how the app progresses. You’ll also need to specify some trading account settings, answer suitability questions, and provide proof of identity (such as a Passport or other Government-issued ID) along with proof of address. This coverage guarantees client protection on a per account basis, with further insurance options available.

How does MultiBank Group support charity causes and social responsibility initiatives?

An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. 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).

However, the vast majority of MultiBank’s listed offering is unavailable when first logging into the broker’s available platforms. MultiBank Group, in operation since 2005, is home to numerous global brands and is regulated in jurisdictions all over the world. A multi-asset broker, MultiBank offers forex and CFDs through the MetaTrader platform suite (though not all markets are readily available) as well as underlying crypto assets via its regulated crypto exchange.

Forex Risk Disclaimer

MultiBank Group levies a $60 monthly inactive fee after three months, which active traders will never face. I find it a bit too much and too early compared to the industry average, but it should not be a deal breaker as almost any trader is going to make at least one trade in three months. The overall regulatory environment is superb, and MultiBank Group maintains a secure and trustworthy trading environment. Yes, MultiBank Group is considered a safe broker since many respected financial regulators, including ASIC, BaFin, FMA, CIMA, and others, regulate it.

Deposit options

The same funding options available for deposits can be used to withdraw funds at MultiBank. Though processes may vary depending on the MultiBank Group entity that holds your account, withdrawals typically require a withdrawal request form. This educational support is backed by 24/7 multilingual customer service, allowing users to get guidance and clarity at any stage of their trading journey. By combining real-time trading capabilities with ongoing learning, MultiBank Group creates an environment where informed decisions come first. For traders preferring desktop solutions, MultiBank Group supports both MT4 and MT5 for Windows and Mac. These platforms offer full functionality for detailed technical analysis and professional-grade trading.

Enjoy hassle-free investing with 24/7 support on our globally regulated and licensed platform. The introducing broker’s program provides industry-leading commission and rebate structures, encouraging solid collaborations with experts. MultiBank makes sure that cash withdrawal is simple and accessible, usually completed within 24 hours. From beginner to expert, MultiBank FX caters to all levels of traders with its diverse offerings and user-friendly platform. FOREX.com is authorised and regulated by the Monetary Authority of Singapore (MAS), ensuring compliance with Singapore’s financial standards. Exness offers access to Forex and CFD instruments on a secure and globally recognized platform.

What measures does MultiBank Group take to prevent unauthorized access to accounts?

Yes, deposit bonuses offered by MultiBank Group are legit, but that doesn’t necessarily mean you’ll be able to redeem them. Such bonuses come with steep volume requirements that must be met before redemption is allowed, and it’s possible for your losses to far offset the amount promised by the bonus. Always read the fine print, and make sure that you fully understand the terms and conditions of any promotional offerings – especially in the case of forex deposit bonuses. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. To safeguard against fraud, MultiBank Group implements strict Know Your Customer (KYC) and Anti Money Laundering (AML) protocols, along with maintaining segregated client accounts.

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 broker also offers a demo account for beginners to test trade their skills and gain more knowledge without risking their money. You can also sign up for an Islamic Account which does not swap or rollover interest on overnight positions, thus, operating in compliance with Sharia.

The platform also includes Social Trading functionality, allowing traders to follow and copy successful strategies from others, further enhancing their trading opportunities. MultiBank Group offers competitive commission structures across its ECN Account. For an ECN Account with a maintained balance of $5,000, traders can benefit from spreads starting from 0.1 pips, with a commission of $3 per lot for a traded amount of $20,000. One of the biggest complaints many users have about this broker is that its minimum deposits on some accounts are significant. The Standard Account keeps deposits low at just $50, however the Pro and ECN Accounts ask for $1000 and $5000 respectively.