Resources and applications for opening an account can be found within the client portal on the MultiBank Group website under the My MultiBank section. 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.
MultiBank Group offers forex, CFDs, and underlying cryptocurrencies across its relevant brand entities around the world. MultiBank advertises 14,145 tradeable markets, with 14,054 stocks, 11 crypto CFDs, 11 commodity CFDs, 40 forex pairs, 6 metals, and 23 indices. 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.
An ECN account is best-suited for traders looking for raw spreads and instant execution. The Pro account is suitable for traders looking to take advantage of zero commissions, tight spreads, and instant execution. Joey Shadeck is a Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.
Getting Started with MultiBank Group
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. STANDARD A commission-free account that is perfect for new traders looking to start investing.
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 seeing how the app progresses.
Additionally, traders can explore our newly launched all-in-one platform, MultiBank Plus. Managing an impressive daily trading volume of over $25.6 billion, MultiBank Group serves a vast and diverse clientele of more than 2 million traders across 100 countries, and is licensed by 17 financial regulators globally. The group is setting new industry standards with its user-friendly online trading platforms, leveraging state-of-the-art technology, while showcasing its commitment to providing cost-effective trading solutions and leading-edge financial products. The reality is that only 1042 markets are available by default on its MetaTrader platforms. Though the number of https://lunarcapital.net/ 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 advertised markets must submit manual requests via email.
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Standard https://lunarcapital.vip/ accounts offer instant execution, stable spreads, and require a minimum initial deposit of only $50. MEX Australia Pty Ltd is not licensed or authorised to provide financial services in any other country or jurisdiction. The financial products offered by MEX Australia Pty Ltd may not be able to be sold in some jurisdictions. You should satisfy yourself that entry into a financial product offered by MEX Australia Pty Ltd is permissible in your jurisdiction. To the extent any advice is provided, it is general advice only and does not take into accountyour objectives, financial situation or needs.
- According to MultiBank Group’s website, the broker is well-capitalized with over $322 million in paid-up capital.
- Keep in mind that the minimum deposit requirement might vary depending on your country of residence and the MultiBank Group entity that holds your account.
- The Pro account requires a $1,000 minimum deposit but features lower spreads than the Standard account.
- 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.
- Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).
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. 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). 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. In 2024, MultiBank launched a proprietary mobile trading app called MultiBank-Plus.
Global Head of Marketing – MultiBank Group
MultiBank Group’s best feature is its relatively high Trust Score; the broker holds multiple regulatory licenses, including Tier-1 licenses in Singapore and Australia. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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, the world’s largest financial derivatives institution headquartered in Dubai, has achieved a record-breaking financial performance in 2024, reinforcing its status as a global industry leader.
- A commission-free account that is perfect for new traders looking to start investing.
- The Standard account requires just a $50 minimum deposit, but comes with higher relative spreads.
- STANDARD A commission-free account that is perfect for new traders looking to start investing.
- Meanwhile, EBITDA skyrocketed by 24.5% to reach $284,909,572 compared to $228,792,229 in the previous year.
- An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
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. MultiBank Group offers both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms developed by MetaQuotes Software Corp, in addition to its recently launched proprietary MultiBank-Plus mobile app, available for iOS and Android devices. Though there’s room for the overall experience to improve (it wouldn’t hurt to include additional resources for traders who are opening an account for the first time), I found MultiBank’s client portal generally comparable to industry standards. The account opening process at MultiBank Group is relatively straightforward.
Trade with the world’s #1 broker
Drawing from an unparalleled news gathering network across 150 countries, AFP is also a world leader in digital verification. With 2,600 staff representing 100 different nationalities, AFP covers the world in six languages, with a unique quality of multimedia storytelling spanning video, text, photos and graphics. According to the latest audited financial statements, MultiBank Group’s revenue surged to $361,874,865, an 18% increase from $306,636,714 in 2023.
MultiBank group clients
Over the past decade, MultiBank Group’s achievements have been recognized by the global forex industry, including awards from distinguished financial institutions, media organizations, and publications. Since then, we have evolved into one of the largest financial derivatives companies worldwide, with a current paid-up capital of over $322 million. MetaTrader 5 (MT5) is the more recent iteration of MetaTrader, offering more robust charting options. Educational content at MultiBank is limited to a series of basic videos and ebooks powered by MTE Media, which are available on a new dedicated education section on the broker’s website.
We recommend selecting the currency that you plan on transferring when depositing funds to minimize any conversion costs.
Dealing in foreign exchange contracts and our other over-the-counter derivative products carries significant risk. You may lose all of your initial investment and you may also incur losses that exceed your initial investment. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). MultiBank Group does not rank highly in this category, due to the lack of any significant in-house or third-party research content. For the most part, the broker’s research offering is limited to a weekly newsletter and news headlines within its platforms.
MEX PACIFIC (V) LTD is not licensed or authorised to provide financial services in any other country or jurisdiction. The financial products offered by MEX PACIFIC (V) LTD may not be able to be sold in some jurisdictions. You should satisfy yourself that entry into a financial product offered by MEX PACIFIC (V) LTD is permissible in your jurisdiction. To the extent any advice is provided, it is general advice only and does not take into account your objectives, financial situation or needs. ECN An ECN account is best-suited for traders looking for raw spreads and instant execution. PRO The Pro account is suitable for traders looking to take advantage of zero commissions, tight spreads, and instant execution.
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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. 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.