Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score. https://limefx.group/ holds multiple broker licenses in a variety of jurisdictions, including from Tier-1 regulatory bodies such as the Australian Securities & Investment Commission (ASIC) and the Monetary Authority of Singapore (MAS). By holding licenses in a rich variety of jurisdictions, MultiBank Group has boosted its Trust Score (with a Trust Score of 82, we consider MultiBank Group to be a trusted broker); you can learn more about how we calibrate a broker’s Trust Score by visiting our Trust Score page. On the negative side, the broker’s market research offering is unimpressive and educational content is minimal although shows signs of progress; MultiBank’s poor performance in these important categories drags down its Overall rating.

1. MultiBank Group holds multiple broker licenses in a variety of jurisdictions, including from Tier-1 regulatory bodies such as the Australian Securities & Investment Commission (ASIC) and the Monetary Authority of Singapore (MAS).
2. MultiBank Group maintains 25+ offices worldwide catering to an international client base and partners with affiliates in major financial hubs around the world.
3. By holding licenses in a rich variety of jurisdictions, MultiBank Group has boosted its Trust Score (with a Trust Score of 82, we consider MultiBank Group to be a trusted broker); you can learn more about how we calibrate a broker’s Trust Score by visiting our Trust Score page.
4. The same funding options available for deposits can be used to withdraw funds at MultiBank.
5. At MultiBank Group, the educational tools are light, so complete novices might find it a little difficult to get going.

MultiBank Group was founded in 2005 and today employs over 600 staff globally. According to MultiBank Group’s website, the broker is well-capitalized with over $322 million in paid-up capital. To learn more about using MT4 or MT5 on your mobile device, read our MetaTrader guide or our MetaTrader 5 guide. This significant milestone marks an extensive rebranding journey for MultiBank Group, reflecting their commitment to enhancing user experience.

ECN Pro requires a minimum deposit of $5,000, while MultiBank Pro requires a minimum account size of $1,000. With MultiBank, you can trade products like Forex, metals, shares, indices, and commodities on a wide range of platforms. MultiBank’s global presence and ideal trading conditions make it one of the most competitive brokers around.

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. Fourthly, the MT5 account, as you might have guessed from the name, allows you to trade with MetaTrader 5, which is an even more advanced version of MT4. Tradable products include crypto, commodities, shares, indices, metals, and Forex.

MultiBank Group Announces the Launch of Cutting-Edge Technology in Its New Trading Platform

MultiBank Group offers customers direct access to banks and exchanges through its advanced trading platforms. Overall, MultiBank is a solid choice for anyone who wants a broker with longevity in the industry, multiple account options, and VPS hosting. MultiBank has over twenty-five global locations, and it is one of the largest, most-regulated derivatives companies in the world.

About MultiBank Group

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Moreover, MultiBank Group also reported its audited full-year 2022 financial results. The latest annual financial statement revealed an astounding 48% increase in revenue, soaring from US$ 188,636,721 in 2021 to US$ 279,523,140 in 2022. Furthermore, MultiBank Group reported a substantial increase of 35% in net income, climbing from US$ 132,937,545 in 2021 to US$ 180,013,709 in 2022 marking another record-breaking year for the global powerhouse. Read our full explanation and accounting of our research and testing process to learn more about how we test. The MultiBank-Plus app, characterized by its modern features and straightforward navigation, is currently available exclusively in select countries, including Mexico, Colombia, Germany, Switzerland, the UK, Italy, and KSA, among others.

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). ForexBrokers.com has been reviewing online forex brokers for over six 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. As we step into the new year, MultiBank Group, a leading online financial derivatives institution, welcomes 2024 with the official launch of their cutting-edge mobile application, MultiBank-Plus, and the unveiling of a redesigned website. An ECN account is best-suited for traders looking for raw spreads and instant execution. Islamic traders also need not feel left out, as there are Islamic Account options for those who follow the Muslim faith.

Is MultiBank’s 20% deposit bonus legit?

You can also contact this broker via email, live chat, or video conference, in addition to the dozens of phone numbers offered. Third is the Maximus account, which requires a minimum account size of $50. MultiBank Pro bills this as its “no frills” account, and the Maximus also uses the MT4 platform. MultiBank Group has 80,000 clients and places millions of trades per year. Its total trade volume is 1.87 trillion and counting, and it has become a sponsor for companies like BMW.

Business Technology

The account opening process at MultiBank Group is relatively straightforward. Resources and applications for opening an account can be found within the client portal on the MultiBank Group website under the My MultiBank section. MultiBank Group comprises several financial institutions that are regulated by financial authorities including, ASIC of Australia, AUSTRAC of Australia, BaFin of Germany, FMA of Austria, SCA of the United Arab Emirates, MAS of Singapore and CIMA of the Cayman Islands.

The reality is that only 1042 markets are available by default on its MetaTrader platforms. Though the number of symbols available on the MetaTrader platform at MultiBank is on par with the industry median (982 symbols for MetaTrader offerings), traders that want to access the full range of MultiBank’s scammed by limefx advertised markets must submit manual requests via email. This frustrating process is at odds with how most brokers deliver investment products. The best forex brokers make all markets available directly within the trading platform, making it far easier to find trading opportunities.