Description:
MultiBank is a global CFD and FX broker. MultiBank group was founded in 2005, California USA. Multibank maintains over 25 offices worldwide to cater over 320,000 customers from above 90 countries.
The company offers wide range of financial instruments such as CFDs, forex, indicies, CFD shares and commodities.
Regulations:
The company is highly regulated by the following bodies:
DFSA – under the name of MEX Australia Pty Ltd- DIFC Branch, the company is authorized and regulated by the Dubai financial services authority (registration number F004403)
ASIC – Authorized and regulated by the Australian securities and the investment commissions
BaFin – Authorized and regulated by the German federal financial supervisory authority
CNMV – Authorized and regulated by the national securities market commissions in Spain
FSC – Authorized and regulated by the financial services commission of the British virgin islands
CIMA – Authorized and regulated by the Cayman island monetary authority
Minimum Deposit:
No minimum deposit is required to open your account and you can start trading with $50. Local deposits are accepted.
Account Types:
- Live Accounts
Maximus: No commissions, spreads start from 1.4 pips under typical market conditions
MultiBank Pro: No commissions, lower spreads than Maximus starting from 0.8 pips but higher deposit requirement.
ECN Pro: Very tight spreads under typical market conditions, but this account charges commissions depending on the financial instruments. Requires a higher deposit than MB pro and Maximus
- Islamic Account:
MultiBank has structured a Sharia’ compliant account that has no overnight charges (swap).
- Demo Account
MultiBank offers a free demo account to practice with no risks. The trading is on real market conditions and spreads and it has mobile, desktop and online options.
Accounts Comparison:
* Spreads can change due to market conditions. (This is an example for EURUSD)
The information in this table is correct at the time of publication and the company reserves the right to change at any time.
Trading Platform:
Multibank uses MT4 and MT5 Trading platforms. It’s available on Web, mobile and desktop.
Customer Service:
Multibank has a great customer support. They are reachable on chat, email and phone.
Customer service is available 24/5
Deposits & Withdrawals:
MultiBank has multiple methods for deposits and withdrawals. They accept
- Visa/Master Card
- Bank Transfer
- Neteller
- Skrill
Credibility:
Multibank is considered safe since it has a long history. It is regulated & licensed across many regions.
Education:
MultiBank education is below average since it doesn’t have educational materials or videos to help beginner traders.
