MultiBank Group Trading Platform Reviews, Pros and Cons

They follow a pure Non-Dealing Desk ECN trading structure with direct access to over 20 interbank trading prices without any conflict of interest. I found the trading conditions to be very good, with tight spreads and competitive fees. I would always prefer to use a broker without a dealing desk as I don’t want them to interfere with my trades.

The overall regulatory environment is superb, and MultiBank Group maintains a secure and trustworthy trading environment. Most videos are dedicated to the study of technical analysis and are available from the client area. Hosted by market expert Martin Pring, the videos cover a wide range of topics pertaining to price action examination.

Does MultiBank Group provide services designed exclusively for institutional investors?

In addition, access to popular platforms and 24/7 technical assistance make it a popular choice. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

Available Trading Platform

The customer support team is highly-skilled, and they will be able to answer all your queries. MultiBank Group is a reliable and secure choice for forex trading as they offer priority support to all their customers. These can be downloaded for free from the App Store and Google Play Store. All MultiBank Group’s mobile applications allow you to trade with real-time market quotes, advanced charting features, and a wide range of technical analysis tools. When it comes to choosing a trading broker, regulation is one of the first things that I look for. This is because a regulated brokerage firm can provide certain protection that an unregulated broker cannot.

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• I still prefer MT4, probably because it is the platform that I am most used to.
• The VPS lets customers run terminals 24/7, experiencing “stable, reliable” trade conditions that let them trade remotely from anywhere.
• This broker is a great option for all types of traders, with a range of features and platforms to choose from.
• MultiBank is an award-winning broker that has been around for amy years.
• However, you need to keep in mind that your bank or payment processor may charge a withdrawal fee.

The headquarters are in Hong Kong while other offices are in 15 locations across the world. The broker boasts of clients from more than 90 countries worldwide and a trading volume into the billions every day. Since inception, MultiBank has been recognized on numerous occasions for its brokerage services by industry experts and reputable organizations. They have won plenty of awards which I feel is a testament to the quality of the services that they provide.

The Pro account is suitable for traders looking to take advantage of zero commissions, tight spreads, and instant limefx forex broker execution. A generous bonus offering adds to the benefits available at MultiBank Group, which is one of the best overall brokers for committed traders. One of the most widely ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Multibank also offers a cashback program where traders reap bigger benefits the more they trade.

With a quick look at the trading accounts, it is easy to tell which account is designated for which trader. The most experienced trader would opt for ECN Pro account, with tight spreads and commission. In fact, the minimum deposit for this type of account is fair and makes sense.

Frequently asked questions

I concluded that the Standard account with a $50 minimum deposit requirement is the most affordable. Multibank offers more than 20 different payment methods for the convenience of its clients. Payments are accepted via bank wire, credit or debit cards, cryptocurrencies, or e-wallets. The broker does not charge any internal fees for deposits or withdrawals. I have compiled the table below to help you better understand the difference between the trading fees of Mutlibank’s three account types and the industry average. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large.

PRO Account

Such promotions can significantly enhance your trading capital, providing more opportunities to open positions and potentially increase profits. For instance, a deposit bonus might add a percentage of your deposit amount to your account balance, giving you additional funds to trade with. Yes, MultiBank allows internal transfers between different accounts held by the same trader. This can be done through the account management section of the trading platform. Yes, MultiBank Group offers bonuses and promotions for both new and existing traders. However, the bonuses offered by MultiBank Group are subject to change.

There is a free offering of MT4/MT5 demo accounts for all three account types, with no time limit listed. The demo account is ideal for testing trading strategies and algorithmic trading solutions/EAs. 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. My tests indicate that Multibank’s Standard account is the most accessible one, but it also features trading fees that exceed the industry average.

My Key Takeaways After Exploring Multibank’s Instruments Offering

The account was opened with the MEX Atlantic Corporation entity of the broker. Some features and services may vary depending on where you reside and which entity you open an account with. Multibank impresses with its wide range of share CFDs – over 20,000 – across some of the most widely traded markets in Europe, the US, Asia, and others. Stock traders can benefit from this diversity and choose assets with varying volatility levels. Additionally, I discovered that Multibank’s spreads on share CFDs are tight and generally better than the industry average, which makes its stock offering even more favorable. Overall, MultiBank Group’s customer support is excellent, with 24/7 availability across several routes, including live chat, phone, and email.

• As the broker offers multilingual support, you can contact a customer support representative in your native language.
• So, it’s great to chat directly with an agent and have your questions answered.
• Overall, customers are very satisfied with the service provided by MultiBank Group.
• Furthermore, MultiBank’s website features a swap rate table for traders to view costs.
• I concluded that the Standard account with a $50 minimum deposit requirement is the most affordable.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. MultiBank Group puts their clients’ safety above all else, proving a large list of regulators from all around the world. If this is not your first hint to trust them, you can personally get in touch with them and you will scammed by limefx see how professional they are. Broker reviews can be hard to complete, but MultiBank Group makes it easy to see all their licensing and documentation to all users, whether registered or not. MultiBank Group will give you a chance to become a huge influence on their platform by gaining followers and copycats.