MultiBank Group Review 2023 – Pros and Cons

UPDATED ON :

MultiBank Group is a financial services company founded in California, USA in 2005, and has since expanded to become a global financial institution with a presence in over 90 countries. The company offers a range of financial products and services, including forex trading, CFD trading, precious metals trading, and cryptocurrency trading.

MultiBank Group is regulated by several regulatory bodies, including the Australian Securities and Investments Commission (ASIC), the Financial Services Commission of the British Virgin Islands (BVI FSC), and the Cyprus Securities and Exchange Commission (CySEC). The company has also received several awards over the years, including Best Forex Broker in Europe 2021 from Global Banking & Finance Review.

MultiBank Group

Brokers Name

MultiBank Group

Regulation

ASIC, BaFin, B.V.I FSC, CIMA

Established

2005

Headquarters

California, USA

Trading Desk

STP

USA Clients

no

24H Support

Yes

Weekend Support

no

Website Language

English, Arabic, Thai, Portuguese, Vietnamese, Malay, Spanish

Account Details

Accounts

Standard, Pro, ECN, Islamic Account

Min. Deposit

$50

Base Currencies

USD, EUR, GBP, AUD, CAD

Leverage

1:500

Spreads

1.5 pips

Fixed Spread

Yes

Margin Call / Stop Out

50% / 20%

Trading Platform

MT4, MT5, cTrader

Trading Instruments

Forex, Metals, Shares, Indices, Commodities, Cryptocurrencies

Pros

  • Global presence in over 90 countries
  • Regulated by multiple regulatory bodies
  • Offers a range of financial products and services
  • Received several industry awards
  • Actively involved in philanthropic activities

Cons

  • Extreme leverage
  • High commission

Trading Features

Commission

Yes

Mini Accounts

no

Standard Accounts

Yes

VIP Accounts

Yes

Pro Accounts

Yes

Islamic Accounts

Yes

Segregated

no

Managed Accounts

Yes

Demo Accounts

Yes

Trading Services

Hedging

Yes

News Trading

Yes

Scalping

Yes

Automated Trading

Yes

Trading Signals

no

Educational Service

Yes

Copy Trading

no

Mobile Trading

Yes

Trading Markets

Indices

Yes

Forex

Yes

CFDs

Yes

Commodities

Yes

ETFs

Yes

Stocks

Yes

Bonds

Yes

Crypto

Yes

Funding

Deposit

Credit or Debit card, Bank Transfer, Skrill, Neteller, Crypto – BTC, USDT ERC20 or USDT TRC20

Withdrawal

Credit or Debit card, Bank Transfer, Skrill, Neteller, Crypto – BTC, USDT ERC20 or USDT TRC20

Contacts

Phone

800908484

Email

cs@multibankfx.com

Address

200 Gloucester Road, Wan Chai, Hong Kong

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