MultiBank Review


In the world of trading, MultiBank needs no elaborate introduction. MultiBank is one of the leading FX and CFD brokers in the whole wide world. It is a financial group under whose banners fall multiple companies ranging from asset management to brokerage.

In this article, we will be exploring and reviewing the array of services provided by MultiBank. We intend to cover a wide section including their safety profile, the different regulations, the type of trading platforms and their advantages and disadvantages, funding methods for depositing your money and withdrawing it, their service and commission fee, the availability of different financial tools among a variety of other things.

Our aim is to entrust our readers with the ability to decide for themselves the right broker to trade with. Let’s begin our in-depth analysis.

Brief Overview of Multibank:

  1. Secure: Being regulated by various financial regulatory bodies, MultiBank has deemed itself safe to trade with.
  2. Timely Customer Service: MultiBank offers its clients exemplary customer service making the entire process very pleasant.
  3. Experienced: Founded in 2005, they have launched many products and developed a remarkable platform for themselves.

Multibank Company Profile:

Founded in 2005, in California, the United States of America is one of the oldest and a pioneer CFD and forex broker. Their headquarters is located in Hong Kong. The company has offices all throughout the world in more than 15 locations including, in the United States, Australia, Germany, Austria, Spain, China, UAE, and the Cayman Islands amongst others.

Through their platform, they offer traders a huge range of assets for trading in indices, stocks, commodities, cryptocurrency, spot metals, and forex.
MultiBank Group is also proudly the official sponsor of BMW M Motorsport, which manufactures cars for racing purposes. The broker has associated itself with over 300,000 clients from more than 90 countries. It is announced by the company that they deal with a trading volume of over $6.2 billion per day.
MultiBank has been recognized by several reputable organizations and has been awarded more than 40 awards in different categories.

Multibank Regulations:

Regulations are crucial to the integrity of any broker. Having multiple offices worldwide MultiBank has been licensed by a number of regulatory bodies thus deeming it very safe to trade with MultiBank.
Having been found in the USA, MultiBank is regulated by US financial regulatory bodies under the name of MultiBank Forex Exchange (MEX) Corporation with the number 3918038.
Their offices in Australia are registered by Australia’s Security and Investments Commission (ASIC).
MEX Germany is regulated by the German Federal Financial Supervisory Authority (BaFin).
MEX Spain is regulated by the Financial Market Authority.
It is also regulated by the Financial Services Commission of the British Virgin Islands..
MEX Wealth Management is licensed by the Cayman Islands Monetary Authority (CAMA).

Multibank Trading Platforms:

There are three trading models available for the clients. MultiBank possesses and offers the MT4 and the MT5 trading platforms as well as the company’s own MultiBank Exchange platform. MT4 is the industry standard for forex trading and can be used for mobile trading on Android, Apple, and Windows devices. MultiBank Exchange Platform is a relatively new modern exchange and a powerful trading platform that is available for both mobile phones and desktop computers.


There are mainly 3 different account types to select from at MultiBank Group. These are functional on the MT4 platform, They include:

ECN Pro: This is the main type of account that deals with ECN raw spread directly to the trading platform. The average pip size is 0.1 and the minimum account size is $5000.
Maximus: For the traders that use scalping strategies or EAs, this account would better suit their needs. The average pip is 1.4 and the minimum deposit is $50.
MultiBankPro: This is suitable for the traders that are interested in ECN trading but do not want to put in the capital of the ECN Pro account. The pip size is 0.8 and the minimum deposit is $1000 only.

Islamic Accounts that are in accordance with the Sharia Law are also available on request. Islamic accounts are free of swaps and interests.

On the basis of account ownership, MultiBank offers the following types of accounts. These are:

  1. Individual Account – As the name suggests, the account is held by one individual only.
  2. Joint Account – This type of account can be owned by 2 or more than 2 individuals.
  3. Corporate Account – Such an account is owned by a legal entity.

Demo Accounts:

Like many other broker companies, MultiBank also offers its users access to a demo account. Demo accounts are particularly useful for beginners as they can practice their work in a real-life based scenario but with minimum or no risk. People can gain more experience and implement new strategies with the use of demo accounts.

Mobile App:

The MT4 and platform apps can be accessed through iPhones, Android devices, iPads, tabs, and Windows devices. The mobile app can be customized as per needs and does a fairly great job.

Trading Tools:

Unlike many broker companies, MultiBank offers its clients a wide variety of tools to work with. Some include:

MultiBank Social Trading: It allows traders to become signal providers by allowing the other traders to copy their trade and in turn earn a commission on the profitable trades. There are no guarantees of using this social trading platform. Nonetheless, it is a significant game-changing tool in the right hands.

MAM/PAMM Accounts: For the asset managers, the Multi-Account Manager is provided which of course makes managing many accounts at the same time easy and swift. This software is user-friendly and easy to comprehend. The account setup takes very little time and is super easy.

Autochartist: This tool gives the traders quality trading signals by continuously scanning the markets. This tool is provided as a plug-in to all clients, free of cost. It also includes a risk calculator and a volatility analyzer, both of which come in very handy.

Virtual Private Servers: MultiBank provides its clients with free VPS. In order to access the virtual private servers, all you need to do is fill the VPS request form. VPS can run trading platforms round the clock 24/7 without the need for the computer to be switched on. It is therefore mostly used by professional traders who use Eas or other complex trading systems.

Trading Instruments:

More than 45 Forex currency pairs including minor major as well as exotic pairs. 2 metals, over 1000 share CFDs, 6 indices, and 3 commodities are available as trading instruments.

Deposit and Withdrawals:

MultiBank offers a variety of options as payment methods. 2 factors influence the choice of payment method. One is the country of residence of the client and the other is the chosen regulatory body. Third-party deposits are strictly prohibited and not accepted. The following payment options are available:
Bank Transfer: A universal payment method. Usually takes 3-5 business days for proper processing.
Debit and Credit Cards: Visa as well as Mastercards are accepted. Deposits are processed immediately or maximally take up to 24 hours. Withdrawals generally take more time.
Online Payments: via Skrill, Neteller, Fasapay, PayTrust, PerfectMoney, Payment Asia is available.


No withdrawal fee is charged which is always a pleasant offering. However, hefty inactivity fees are charged of around $60 after 3 months of activity. The stock index CFD fee is also low.


A number of exciting bonuses are offered. They include the 100% bonus for the Maximus Platform, the 25% bonus available on all platforms, the Imperial bonus, the refer a friend bonus.

Customer Services:

Their customer support is available worldwide. They have dedicated phone lines in all of the countries that they operate out of. The customer support is available via phone chat, live chat, email. You can also reach the broker on their social media handles on Facebook, Twitter, LinkedIn, Youtube, and Instagram.

Their live chat works really well. Most of the general questions pertaining to their operations can be asked and answered via the live chat.

Email replies usually take 1 working day which is not so bad.

However, they don’t have 24/7 over the call customer service available which is a little lacking point.


MultiBank is regulated by several financial regulatory bodies worldwide. This makes trading with MultiBank a safe, scam-free option.

Their account opening is easy and swift. They are one of the few broker firms that provide an Islamic account in accordance with Sharia Law, which is great. They offer over a thousand different trading instruments.

Their MT4 platform and its availability on all kinds of devices is surely a positive factor. They offer competitive spreads; their fees are in the moderate range. Their customer service is top-notch. Their user reviews are also mostly positive.

The slightly negative aspects of their services include the lack of a variety in their product range and the high stock CFD and the very high inactivity fees.

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