MultiBank Group was established in California, USA, in 2005 and currently operates from more than 25 offices worldwide. Combining prime liquidity, cutting-edge technology, and first-class customer service, MultiBank Group delivers advanced trading platforms and tight pricing in online financial products, including Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group boasts a daily trading volume in excess of $7.2 billion and provides services to over 320,000 clients across 90 countries worldwide.
Regulated
8.90
/10
MultiBank
Hong Kong
ASICBaFinCIMAFMATFGHKCEMASAUSTRACFSC of BVIVFSC
Trading Env.
Trading Env.
A
Max Leverage
1:500
Good
Platform
MT4/5, Desktop +2
Min Deposit
50 USD
MultiBank Overview
Company Information
Regulators
ASIC, BaFin, CIMA, FMA, TFG, HKCE, MAS, AUSTRAC, FSC of BVI, VFSC
What Is Regulation?
Forex regulation is therefore all about consumer protection. Regulated Forex brokers are less likely to cheat their clients and where such infractions happen, regulators are empowered by the laws of their respective jurisdictions to apply appropriate sanctions.
Country
Hong Kong
Base Currencies
EUR, USD, GBP, AUD, CAD, CHF
What is Base Currency?
In the forex market, currency unit prices are quoted as currency pairs. The base currency – also called the transaction currency - is the first currency appearing in a currency pair quotation, followed by the second part of the quotation, called the quote currency or the counter currency. For accounting purposes, a firm may use the base currency as the domestic currency or accounting currency to represent all profits and losses.
Type Of Brokers
ECN, STP
Broker Types
There are two types of brokers: regular brokers who deal directly with their clients and broker-resellers who act as intermediaries between the client and a larger broker. Regular brokers generally are held in higher regard than broker-resellers.
Trading Platform
Desktop, Mobile, WebTrader, MT4, MT5
What is Trading Platform?
A currency trading platform is a software interface provided by currency brokers to their customers to give them access as traders in the Forex markets. This may be an online, web-based portal, mobile app, a standalone downloadable program, or any combination of the three.
Established Year
2005
Website Language
English, Chinese, Spanish, Russian, French, Arabic, Thai, Vietnamese, Malay
US Clients
✕
Trading Services
Hedging
What Is Hedging?
Hedging with forex is a strategy used to protect one's position in a currency pair from an adverse move. It is typically a form of short-term protection when a trader is concerned about news or an event triggering volatility in currency markets. There are two related strategies when talking about hedging forex pairs in this way. One is to place a hedge by taking the opposite position in the same currency pair, and the second approach is to buy forex options.
News Trading
Scalping
What Is Scalping?
Scalping in the forex market involves trading currencies based on a set of real-time analysis. The purpose of scalping is to make a profit by buying or selling currencies and holding the position for a very short time and closing it for a small profit.
Automated Trading
Indices
What Is Indices?
The indices track the underlying prices of the currency pairs within that index. If the individual forex prices in that index increase, then the value of the index will go up. Conversely, if the individual FX prices decrease, then the value of that index will fall.
Commodities
What Is Commodities?
The commodity pairs, or commodity currencies, are those forex currency pairs from countries with large amounts of commodity reserves. ... Traders and investors looking to gain exposure to commodity price fluctuations often take positions in commodity currency pairs as a proxy investment to buying commodities.
Forex instruments
CFDs
ETFs
Stocks
Bonds
Cryptocurrencey
Trading Signals
Educational Service
Copy/Social Tradings
Suitable For
Publicly Traded
Beginners
Day Trading
Weekly Trading
Professionals
Swing Trading
Trading Account Options
Maximum Leverage
Forex Leverage
Leverage is the use of borrowed funds to increase one's trading position beyond what would be available from their cash balance alone. ... Forex traders often use leverage to profit from relatively small price changes in currency pairs. Leverage, however, can amplify both profits as well as losses.
1:500
Mini Account
What Is Mini Account?
A forex mini account is a foreign exchange (FX) account which allows beginner traders to enter the currency market using smaller size (mini lot) positions and trading quantities, thus lowering the funds at risk and limiting potential losses.
✓
VIP Accounts
✓
Segregated Accounts
What Is Segregated Account?
Segregated account is an important term in the context of Forex trading in which a broker holds their client funds in segregated (separate) accounts that are different from the broker's core banking account. Segregated accounts are used to differentiate between the broker's working capital and its client investments.
✓
Free Demo Accounts
✓
Managed Accounts
What Is Managed Accounts?
A managed forex account is where a professional trader/money manager manages the trading on the clients' behalf. The account is made up of a personalized portfolio owned by a single investor. The portfolio and account is handled accordingly to the investors needs.
✕
Pro Account
✓
Minimum Deposit
50 USD
Islamic Account
What Is Islamic Account?
An Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in the Islamic stock market following the principles of Islamic finance. ... As Sharia law prohibits the accumulation of interest, traders with Islamic accounts do not pay or receive interest rates.
✓
Payment Methods & Transaction Fees
Deposit Methods
Withdrawal Methods
Gateway Fees
| Gateway | Fees |
|---|---|
| Skrill | 2.99% + $0.30 per transaction |
| Wire transfer | 1% - 4% of the transaction amount |
| Visa Card | 1.9% - 3.5% of the transaction amount |
| Master Card | 1.9% - 3.5% of the transaction amount |
| Card Payment | Varies depending on the card issuer and the merchant's processing fees |
| UnionPay | 1.5% - 2.5% of the transaction amount |
| Bitcoin | Varies depending on the exchange rate |
Spreads & Commissions
Minimum Spreads
0.0
Fixed Spreads
✕ No
Commission on Trades
✓ Yes
Customer Support
Live Status Monitor
Real-time support availability channels
24/7 Support Live
Weekend Support Live
English
Chinese
Spanish
Russian
French
Communication Desk
Launch instant connection channels
Support Email
Email cs@multibankfx.com
Support Phone
+44 20 3953 8381
Call Desk
Head Office Address
Hong Kong
Show Map
Advantages & Disadvantages
Advantages
- Excellent trust rating with a Trust Score of 89/100.
- Regulated by recognized financial authorities: ASIC, BAFIN, CIMA, FMA, TFG, HKCE, MAS, AUSTRAC, FSC, OF, BVI, VFSC.
- Very low initial capital requirement (Min deposit: 50 USD).
- Access to popular industry-standard MetaTrader 4 / MetaTrader 5 software.
- Risk-free Demo account options available for practice.
- Swap-free Islamic accounts supported for Muslim clients.
- Full support for both scalping and hedging execution strategies.
Disadvantages
- Commissions apply on trades, which might increase execution costs.
- Restricted service - does not accept traders from the USA.
Active Bonuses & Promotions
✓
User Reviews & Feedback
14 Comments
Scammers!!
Tight spreads
Comment
Many stocks to trade, recommend