MultiBank was 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 the 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.
The company believes that exchange technology is the most certain director of the financial market, thus MultiBank Exchange Group delivers award-winning trading technology, liquidity providing and brokerage services. MultiBank trading account offers 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.
Moreover, the diversity of the companies provides their customers with multiple support in any case and questioning. The 24h customer service available on 10+ languages with the service desk, on-boarding, configuration and cash management. Also, beginners may count on educational support through learning materials, videos, tutorials and seminars along with up-to-date online financial news in multiple languages that were timely recognized too.
Is MultiBank Exchange Group safe or a scam?
The MultiBank Exchange Group is heavily regulated worldwide and includes world known and respected authorizations alike – 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 registration with the Financial Services Commission (“FSC”) of the BVI, the Cayman Islands Monetary Authority (“CIMA”) that on its own does not provide necessary security level, which we would recommend for signing it. Yet, together with other numerous regulations and legal obligations, MultiBank Exchange Group considered as a safe trading broker to invest or trade with.
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, so you may remain ensured of its offering. The utmost level security of funds through the regulated companies of MultiBank Exchange Group 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.
MultiBank platform offers to you technology based on MetaTrader 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.
So whenever you are scalper, algorithmic or automatic trader, as well using the advanced offering for money managers through PAMM and MAM accounts, all is available and possible with MultiBank Exchange Group platforms. Particularly, MultiBank platforms are Maximus Platform, ECN PRO Platfrom and MultiBank Pro Platfrom, while each of them suits the necessary need of the clients they serve and feature ideal choice whenever the type of trader you may be.
Generally, the platforms all built on MT4 software and diverse by the account type, which includes and 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, alike improved trading functionalities and enhanced scripting tools for custom indicators and expert advisors.
Apart from the award-winning platform capabilities, which MultiBank is famous for, the diversified portfolio includes free VPS and APIs use, as well with no restriction on EAs. In addition, there is a possibility to participate in the Demo Contest and win valuable prizes with no monetary risk, which is definitely a great opportunity.
The trading account specifications divided into the offering either to the retail client or to the institutional one, meaning the account is defined only the type of the investor, also offering you Social Trading capabilities. Further, you will have a choice between offered platforms either Maximus MT4, MultiBank Pro MY4 and ECN Pro MT4, where the conditions and specifically trading costs may diverse one from another.
Also, Demo account with a virtual 100,000$ is permitted to everyone who would like to try out the broker’s system, along with the opportunity to open a Swap-free account for the clients who follow the Islamic faith.
As for the trading costs, MultiBank Exchange Group mainstays on costs built into the spread only strategy, so if you’re trading through Maximus MT4 – spread averages around 1.4 pips. MultiBank Pro MT4 – as 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.
Lastly, ECN Pro MT4 – as a professional account with a maintained balance of 5,000$ offers spreads from 0.1 pips and commission of 3$ per lot with the traded amount of 20,000$, while further the commission is discounted into 2$ per lot.
Overall, MultiBank Exchange Group costs are ranges as a low cost trading comparing to industry competition, also you may see more cost examples alike Just2Trade.
Depending on the particular entity of MultiBank Exchange Group and its applicable regulatory obligation, you will be offered to use powerful tool leverage with a possibility to magnify your outcome from the trading.
In fact, regulations in a jurisdiction or another apply different rules towards leverage, thus, European entities significantly lower allowed leverage to a maximum of 1:30 for major currency pairs. Australian clients may still use high leverage ratios of up to 1:500, yet recommended to learn deeply how to use leverage smartly in order not to fall under unnecessary risks while trading.
What Payment Methods MultiBank Exchange Group offers?
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.
Yet, the traders that are issued with various Group entities may face some differences in the payment method and its charges if applicable. Overall, funding options including Bank Wire transfers, Cards, Neteller, Skrill, fasapay, and online-payments.
The very minimum that will let you access live trading is set to only 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, may require higher deposits.
Generally, MultiBank Exchange Group does not charge a commission for deposits or withdrawals from its side, however, 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.
To withdraw the funds from the account you should submit the request online while further the money will be transferred by the selected method.
Overall, the MultiBank Exchange Group review presents a company with a diverse range of established offices and enlarged trading portfolios through the numerous countries, regulations and offerings.
Being heavily regulated MultiBank Exchange Group delivers a safe trading environment alongside the range award-winning platforms’ to use, the choice between the accounts suitable for beginning traders or seasoned investors, as well as the competitive trading conditions through the STP processing of orders. In general, a MultiBank Exchange Group broker is a reliable option to almost any trader from mostly anywhere.
Nevertheless, it will be great to know your personal opinion about MultiBank Exchange Group which you may share in the comment area below.
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