MultiBank Exchange Group Review

MultiBank Exchange Group

MultiBank Exchange Group

  • Leverage: 1:30 | 1:500

  • Regulation: ASIC, BaFin, CIMA, MAS, SCA, etc.

  • Min. Deposit: US$50

  • HQ: Australia, USA, Germany

  • Platforms: Maximus Platform, ECN PRO Platfrom, MultiBank Pro Platfrom, MT4, MT5

  • Found in: 2005

MultiBank Exchange Group Licenses

  • MEX Australia Pty Ltd - authorized by ASIC (Australia) registration no. ACN 155 084 058 AFSL 416279
  • MEX Digital Pty Ltd - authorized by ASIC (Australia) registration no. 100724469
  • MEX Asset Management GmbH - authorized by BaFin (Germany) registration no. HRB 73406
  • MEX Atlantic Corporation - authorized by CIMA (Cayman Islands) registration no. 1811316
  • MEX Global Financial Services LLC - authorized by SCA (UAE) registration no. 20200000031
  •  MultiBank FX International Corporation - authorized by FSC (BVI) registration no. SIBA/L/14/1068
  • MEX Asset Management GmbH - authorized by FMA (Austria) registration no. 491129z
  • MEX Global Markets PTE. LTD. - authorized by MAS (Singapore) registration no. CMS101174
  • Ikon Financial Services Corporation Ltd - authorized by TFG (Tianjin) registration no. 120000400121019
  • MEX Pacific (V) - authorized by VFSC (Vanuatu) registration no. 700443

Top 3 Forex Brokers

  1. What is MultiBank Exchange Group
  2. MultiBank Exchange Group Pros and Cons
  3. Awards
  4. Is MultiBank Exchange Group safe or a scam?
  5. Leverage
  6. Accounts
  7. Fees
  8. Spreads
  9. Trading Instruments
  10. Deposits and Withdrawals
  11. Trading Platform
  12. Customer Support
  13. Education
  14. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years experience in Forex Trading checked and tested broker’s trading offerings, fees, platforms, regulatory adherence, contacted customer service, as well as placed trades to evaluate trading conditions and give expert opinion about MultiBank Exchange Group

What is MultiBank Exchange Group?

MultiBank is one of the world-leading Forex Trading Brokers, established in California in 2005 and since then became a large financial world institution that offers its customers direct trading access to banks and exchanges through advanced trading platforms.

The MultiBank Exchange Group service delivered to over 280,000 retail and institutional customers through over 90 countries, while MultiBank has offices in Sydney, Los Angeles, Vienna, Frankfurt, Madrid, Cyprus and UAE.

  • Also, the group serves various branches where each maintains its defined task and role, alike MEXFintech located in Hong Kong, while MEX Group Worldwide maintains offices in Hong Kong, MEX Asset Management (Austria) GmbH, Beijing, Tianjin, Hangzhou and Ho Chi Minh City.

MultiBank Exchange Group Pros and Cons

Based on our expert opinion, MultiBank Exchange Group Globally is well recognized as a financial institution with sharp adherence to regulation, providing a wide range of Forex and CFDs trading with great Forex trading capabilities, industry-standard platforms, and No commission deposits and withdrawal options. The broker is also known for providing some institutional trading features to retail traders.

For negative points, proposals vary according to the entity, the trading market is based only on FX and CFDs, and also it lacks good trading educational resources and the range of research tools is limited as well.

Globally recognized financial institutionProposals vary according to the entity
Sharp adherence to regulationPoor Education Section
Forex and CFDs trading
Great Forex trading capabilities with range of platforms
Fast account opening
No commission deposits and withdrawal options
24/7 Support

MultiBank Exchange Group website

MultiBank Exchange Group Review Summary in 10 Points
🏢 HeadquartersAustralia, Germany, US, UAE, Hong King and Cyprus
🗺️ RegulationASIC, BaFin, CIMA, SCA, etc.
🖥 PlatformsMT5, Maximus, MultiBank Pro Platform, ECN PRO
📉 InstrumentsForex, Indices, Currencies, and commodities
💰 EUR/USD Spread0.5 pips
🎮 Demo AccountAvailable
💳 Minimum deposit$50
💰 Base currenciesVarious currencies
📚 EducationTrading tools, research material and social trading
☎ Customer Support24/7

Overall MultiBank Ranking

Based on our expert finds, MultiBank is a good broker that can be trusted with some of the best trading conditions for the DMA environment in the Forex and CFD markets. The broker is an excellent choice for running different trading strategies offering a variety of trading instruments with the opportunity to take advantage of high leverage all available for international trading.

  • MultiBank Overall Ranking is 9 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
RankingMultiBankInteractive BrokersXM
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantageHigh LeverageInstrumentsEducation

MultiBank Alternative Brokers

Yet we found some disadvantages too, the broker’s proposal varies based on the entity and the instrument range is limited to CFDs and Forex. The broker’s education proposal is poor offering only a Demo Account. So it is better to check some other brokers as well:


What we also found remarkable is that MultiBank Exchange Group delivers award-winning trading technology, liquidity providing, and brokerage services. Eventually, the broker and its financial institution that operates like a group is a multiply recognized and awarded company that constantly improves its proposals and gains great rewards for it.

MultiBank Review Awards

Is MultiBank Exchange Group safe or scam?

MultiBank Exchange Group is one of the recognized and regarded financial institutions that adhere to best practices and is fully regulated and registered in each jurisdiction it operates, thus is not a scam. MultiBank licenses include top-tier ASIC and BaFIN hence is considered low-risk Forex and CFD trading.

Is Multibank Exchange Group regulated?

Yes, the MultiBank Exchange Group is legit and heavily regulated worldwide and includes world-known and respected authorizations like – the Australian Securities and Investment Commission (ASIC), the Federal Financial Supervisory Authority (BaFin) of Germany, along with European cross-boarding authorization from CNMV, FMA.

Also, there are offshore registrations with the Financial Services Commission (FSC) of the British Virgin Islands, and the Cayman Islands Monetary Authority (“CIMA”) that on their own do not provide the necessary security level, which we wouldn’t recommend for signing it. Yet, together with other numerous regulations and legal obligations, MultiBank Exchange Group is considered a safe trading broker to invest or trade with.

See our conclusion on MultiBank Reliability:

  • Our Ranked MultiBank Trust Score is 9.6 out of 10 for strong adherence to financial regulation and a transparent approach to providing trading conditions. The broker holds multiple top-tier licenses thus proving its reliability and credibility. The only gap is being additionally regulated by offshore entities, yet this doesn’t cancel out the broker’s integrity
MultiBank Strong PointsMultiBank Weak Points
Multiply regulated brokerRegulatory conditions and protective measures vary according to the jurisdiction and its authority
A global financial company with a good record and history of operationOperates Offshore entities
Good reputation
Regulated and authorized in each jurisdiction
Negative balance protection and Compensation scheme
Global Coverage

Is MultiBank regulated in UAE?

Yes, MultiBank is authorized and regulated by the Securities and Commodities Authority of UAE as a Category 1 Broker for OTC Derivates Contracts and Foreign Exchange Spot Markets, under an ESMA license with the trade name MEX Global Financial Services LLC.

How are traders protected?

At MultiBank due to its vast regulatory obligations operating in accordance with the settled international rules that are necessary to uphold and offer the highest protection level, you may remain ensured of its offering.

  • The utmost level of security of funds through the regulated companies of MultiBank Exchange Group is provided also worldwide with up to $10 million per account with segregated accounts at first-class banks.
  • Apart from that, the company operated with negative balance protection that secures you from losses even though not every regulation mandates this rule for the broker. Some regulations also provide a compensation scheme in case of traders’ insolvency.

MultiBank Review regulation


Depending on the particular entity of the MultiBank Exchange Group and its applicable regulatory obligation, you will be offered to use powerful tool leverage with the possibility to magnify your outcome from the trading. High leverage ratios makes it possible to amplify your gains with a small initial capital through borrowed funds, however, it may magnify losses as well.

Regulations in a MultiBank Exchange Group jurisdiction or another apply different rules toward leverage:

  • European entities significantly lower allowed leverage to a maximum of 1:30 for major currency pairs
  • Australian clients may use up to 1:30
  • International traders – 1:500
  • Dubai clients (See Best Forex Brokers in Dubai) under RAK UAE regulation may use 1:200
  • Professional clients entitled for 1:500

However, we highly recommend you thoroughly examine how to use leverage smartly in order not to fall under unnecessary risks while trading.

Account types

Based on our findings, MultiBank offers 3 types of accounts comprising Standard, Pro, and ECN accounts that suit every trading needs. Standard account offers commission-free trading with an initial deposit of $50 and instant execution while spreads start from 1.5 pips. Pro account offers much smaller spreads with a higher initial deposit, and lastly, there’s an ECN trading account which uses an electronic communication network perfect for raw spread trading.

  • The broker also offers a demo account for beginners to test trade their skills and gain more knowledge without risking their money.
  • You can also sign up for an Islamic Account which doesn’t swap or rollover interest on overnight positions; thus, operating in compliance with Sharia.
Fast digital account openingNone
Specified account types offered
Social Trading account
Demo Account offered
Islamic Account available

How to open Account?

Here’s our guide on how to open a digital account which is a quite simple process. You should submit the necessary information and documentation for your identity and walk through the next steps.

  1. Follow the Open Account link
  2. Provide personal data and trading experience to confirm your Live account
  3. Verify your account through the link on your email and get access to your account area and Demo trading
  4. Make the first deposit
  5. Access trading and markets

MultiBank Review Accounts

Trading Instruments

MultiBank trading account will offer you prime liquidity within the strictly regulated framework ensuring your funds are safe, also with availability to trade a variety of instruments including foreign exchange, metals, and CFDs with tight pricing.

It means the exchange technology offers you full transparency with quotes from 20 Top Tier Banks, 12 Exchanges, and 6 ECNs, while with the rise of blockchain technology and cryptocurrencies MultiBank included this asset into its CFD trading offering.

  • MultiBank Markets Range Score is 8 out 0f 10 for good trading instrument selection, yet the only gap is that it offers mainly CFDs and Forex Instruments, and proposal is different based on which entity you choose to trade with

MultiBank Review Instruments

MultiBank Fees

As for the trading costs, MultiBank Exchange Group mainstays on costs built into the spread-only strategy available for Standard account.

ECN Account – as a professional account with a maintained balance of 5,000$ offers spreads from 0.1 pips and a commission of 3$ per lot with the traded amount of 20,000$, while further the commission is discounted to 2$ per lot. Indeed a quite competitive and good trading option.

Overall, MultiBank Exchange Group costs range as low-cost trading compared to industry competition, also you may see more cost examples below and on the snapshot to find the differences between the platforms.

  • MultiBank Fees are ranked Good with an overall rating of 8.6 out of 10 based on our testing and compared to over 500 other brokers. Fees are different based on the account type, yet fees are all lower than the industry average.
FeesMultiBank Exchange Group FeesOctaFX FeesAvaTrade Fees
Deposti FeeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeYesYesYes
Fee rankingLowLowHigh


MultiBank trading conditions will vary according to the trading account or platform you will use at MultiBank, thus if you’re trading through Standard Account the spread averages around 1.4 pips. MultiBank Pro Account is designed mainly for traders with experience and bigger size, since requires a 1,000$ initial deposit it also brings lower costs typically 0.5 pips.

  • MultiBank Spreads are ranked average/ low with an overall rating of 8.2 out of 10 based on our testing comparison to other brokers. We found Forex spread lower than the industry average of 1.2 pips for EURUSD which is a great plus

Asset/ PairMultiBank Exchange Group SpreadOctaFX SpreadAvaTrade Spread
EUR USD Spread0.5 pips0.5 pips1.3 pips
Crude Oil WTI Spread2 pips2 pips3 pips
Gold Spread152040

MultiBank Review Spreads

What Payment Methods MultiBank Exchange Group offer?

Based on what we found, MultiBank offers a selection of instant, simple, and secure payment options for deposits and withdrawals which remains at your disposal to choose the best-suited one, yet, subject to the regulatory restrictions from the jurisdiction of another. Therefore, the traders that are issued with various Group entities may face some differences in the payment method and its charges if applicable.

  • MultiBank Funding Methods are ranked Excellent with an overall rating of 9 out 10. The minimum deposit requirement is rather low with multiple funding methods available. Fees are either none or very small. However, make sure to check the range of supported methods for you based on your entity and the country of residency
MultiBank AdvantagesMultiBank Disadvantages
50$ deposit requirementPayment conditional and methods vary according to the MultiBank entity
Withdrawals free
Card payment supported
Multiple base currencies

Deposit Options

One of the great things is that you can choose your account base currency so that you will avoid unessential charges for conversion. The supported currencies include USD, GBP, EUR, JPY, CHF, AUD, NZD, and CAD while general funding options include the following ones, but again make sure the method is available in your country of origin.

  • Bank Wire transfers,
  • Credit Card,
  • Neteller, Skrill, fasapay, and online-payments

What is the minimum deposit at MultiBank?

The multiBank minimum deposit is 50$, which is a great opportunity for traders despite its size or strategy. However, make sure to check applicable margins for the instrument you are willing to trade, so you cover particular conditions, as well as various technology platforms, that may require higher deposits.

HYCM minimum deposit vs other brokers

HYCM Most Other Brokers
Minimum Deposit $50 $500

How can I deposit in MultiBank?

For depositing, you need to sign in to your already registered trading account and find the depositing section. After this, you select one of the deposit methods the broker provides, enter the depositing amount and confirm the procedure.


Generally, MultiBank Exchange Group does not charge a commission for deposits or withdrawals from its side, however, in various jurisdictions, its legal conditions of payment providers along with international rules may add on some charges. So you should always verify in case of any fees with the payment provider himself, as well as the customer service of the broker.

How do I withdraw money from MultiBank Exchange Group?

To withdraw the funds from the account you should submit the request online while further the money will be transferred by the selected method.

How long does it take to withdraw money from MultiBank Exchange Group?

Typically broker confirms your withdrawal request within 1-2 business days, yet this may vary according to entity conditions.

MultiBank Exchange Group deposit

Trading Platforms

MultiBank platform offers to you technology based on MetaTrader’s proven powerful capabilities, installed to MT4 and MT5 platforms that enable partial fill with bridge technology, without any requotes rejections or slippage. Using the MT4 engine these platforms run ECN connection with customized capabilities of trading opportunities allowing sophisticated, yet customer-friendly suit to any strategy.

  • MultiBank Platform Selection ranked Excellent with an overall rating of 9 out of 10 compared to over 500 other brokers. We mark it as excellent since there is a choice between industry popular platforms like MT4 and MT5. MultiBank technology overall might be suitable for day trading, long or short trading, copy trading, Robot Trading, and EAs all with quality execution.
PlatformsMultiBank PlatformsPepperstone PlatformsXM Platforms
Own PlatformNoYesYes
Mobile AppYesYesYes

Web Platform

Particularly, MultiBank platforms include a wide range of platforms through Maximus Platform, ECN PRO Platform and MultiBank Pro Platform, while each of them suits the necessary need of the clients they serve and feature an ideal choice whenever the type of trader you may be.

So whenever you are a scalper, algorithmic or automatic trader, as well as using the advanced offering for money managers through PAMM and MAM accounts, all is available and possible with MultiBank Exchange Group platforms.

Desktop trading platform

All platforms are available in desktop versions as well, where you will find the necessary tools to manage positions and advanced analysis features. Also, there are various order types to maximize your strategy as well as manage your money at risk.

Generally, the platforms are all built on MT4 software and diverse by the account type, which includes offers tailored to the account pricing and solutions. Yet, the MT5 platform offers all of the various features provided by the MT4 with additional editions, like improved trading functionalities and enhanced scripting tools for custom indicators and expert advisors.

Mobile Platform

Definitely, the mobile app is also included in the package, while each platform features its own app with simple to use and packed with a wide range of tools at the same time.

Lastly and in addition to all, together with the award-winning platform capabilities, which MultiBank is famous of, the diversified portfolio includes free VPS and APIs use, as well with no restriction on EAs. In addition, there is a possibility to participate to the Demo Contest and win valuable prizes with no monetary risk, which is definitely a great opportunity.

Multibank review platforms

Customer Support

What we found also fascinating about this broker is the diversity of the companies provides their customers with multiple support in any case and questioning. The 24h customer service is available in 10+ languages with the service desk, onboarding, configuration, and cash management facilities.

Also, Customer Service is reachable easily and provides quality answers while available through Live Chat, email, the contact form, and supporting an impressive number of international phone lines, truly covering the globe

  • Customer Support in MultiBank is ranked Good with overall rating 9 out of 10 based on our testing. As we check the traders’ reviews and tried MultiBank Customer Service Live Chat for our tests too, the satisfaction statistics is good, and the broker provides a good level of customer support along with support materials
Quality customer support No 24/7 support
Live chat, International Phone lines
Quick response and reliable answers

MultiBank Exchange Group support


As for education, Multibank scores poorly since it offers a demo account but no other learning materials. The broker does offer some research tools economic calendar.

  • Multibank Education is ranked low 7 out of 10 based on our research and compared to other 500 brokers. The broker offers only a Demo Account as an educational resource.

MultiBank Review Conclusion

Overall, the MultiBank Exchange Group review presents a company with a diverse range of established offices and enlarged trading portfolios through numerous countries, regulations, and offerings. In general, a MultiBank Exchange Group broker is a reliable option for almost any trader from mostly anywhere due to their global coverage comprehensive trading proposal, and the great support they offer. The choice between the accounts is suitable for beginning traders or seasoned investors, as well as the competitive trading conditions through the STP processing of orders.

Based on Our findings and Financial Expert Opinion MultiBank is Good for:

  • Beginning Traders
  • Professional Traders
  • Traders who prefer MT4 and MT5 platforms
  • cTrader Platform
  • Currency Trading and CFD Trading
  • DMA access to Markets
  • Running various Strategies
  • API Traders
  • EAs trading
  • MAM/PAMM Trading
  • Free VPS Trading
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  • MultiBank Group has partnered with BMW M Motorsport

    MultiBank Group has signed an agreement to become the Official Partner of BMW M Motorsport. The pact between BMW M Motorsport and MultiBank further builds on the list of milestones in the history of MultiBank Group. In relation to the partnership, Naser Taher, Founder & Chairman of MultiBank Group, comments, “We look forward to working...

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