With a paid-up capital exceeding $322 million, the group serves over 2 million clients across 100 countries. Headquartered in Dubai, UAE, MultiBank Group maintains more than 25 offices worldwide, including locations in Sydney, LunarCapital website Los Angeles, Frankfurt, Madrid, and Hong Kong. Oscar was very polite, helpful, and responded quickly to my questions. It’s not always easy to find such good customer service, so I definitely wanted to leave a positive review.
Great broker – great support, trade executions,spread and leverage
Founded in 2005, MultiBank Group is a globally regulated forex and CFD broker with over 2 million clients across 100+ countries. The broker offers 20,000+ trading instruments, including forex, stocks, commodities, and cryptocurrencies. With tight spreads starting from 0.0 pips, negative balance protection, and no deposit or withdrawal fees, MultiBank Group is a solid choice for traders of all levels. MultiBank Group provides round-the-clock customer support, ensuring traders have assistance whenever they need it. The broker offers 24/7 multilingual service through various channels, including live chat, WhatsApp, call-back options, direct phone support, and email communication. This broad accessibility is especially helpful for traders operating in different time zones or navigating complex issues in real time.
Ultimately, choosing a broker is a personal choice, but with careful comparisons, you will make the right decision. Don’t hesitate to explore our reviews and comparisons to help on the way. At TopBrokers, we have quality resources on momentum trading strategies as a starting point, and basic forex terms you should know before trading. The correct choice of broker will be different for every single trader, and that’s what can make this decision complicated. One area of concern is the high inactivity fee for just 90 days of trading inactivity. This is charged at $60, which is high compared to other similar brokers.
Trading.com Review
It requires a $10,000 initial commitment, which is ideal for experienced traders and institutional investors. The account also provides access to reputable platforms and support services. Great customer support -Tim answered the questions in no time, great executions on trades, high leverage available and great spread on Gold. I requested a standard netting account and I got a pro netting account with lower spread even though I didn’t meet the minimum amount requirements for a pro account. MultiBank Group is a highly regulated and reputable broker with competitive trading conditions and a strong global presence. Whether you are a beginner or an experienced trader, its diverse account types, fast execution, and solid security measures make it a reliable choice in the financial markets.
In 2024, MultiBank launched a proprietary mobile trading app called MultiBank-Plus. This mobile platform offers charting, watchlists, and research articles all wrapped in a modern-looking interface with smooth navigation. Like its web counterpart, the MultiBank-Plus app could use more tools and functionalities and fewer messages that feel like ad placements. Though this new app has a long way to go before it competes with the best mobile trading apps, it has a good foundation to build upon and I look forward to seeing how the app progresses. When calling for assistance, the automated response always claims a high volume of calls, and the promised callback system doesn’t work. I’ve since successfully navigated chargeback procedures and am willing to share my experience to help others who’ve had similar issues.
Final Thoughts: Fast, Secure, and No Hidden Fees
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the MultiBank Group Pro and ECN accounts. Here is the minimum spread for the EUR/USD and the trading costs per 1.0 standard in all three pricing tiers. The overall regulatory environment is superb, and MultiBank Group maintains a secure and trustworthy trading environment.
Disappointed with Multibank – Lack of Accountability and Poor Execution
MultiBank Group provides multiple channels for customer support, ensuring traders can reach them conveniently. In highly volatile markets, price movements can be sudden, potentially causing an account to go into a negative https://lunarcapital.live/ balance (meaning the trader owes money to the broker). MultiBank Group’s NBP mechanism automatically resets a trader’s balance to zero if their account goes into negative territory. Established in 2005 in California, USA, MultiBank Group has evolved into one of the largest financial derivatives providers globally.
Such bonuses come with steep volume requirements that must be met before redemption is allowed, and it’s possible for your losses to far offset the amount promised by the bonus. Always read the fine print, and make sure that you fully understand the terms and conditions of any promotional offerings – especially in the case of forex deposit bonuses. Quite frankly i had a terrible experience working with this company. I listened to their representative advise and false promises and fell victim. I writing my experience and breakthrough now because i have got my money back and i can confirm withdrawal is 100% possible. I am willing to share more about my success and assist anyone in similar case.
It is always good to see a broker support traders with different religious beliefs but is also something I have come to expect nowadays. An ECN account is best-suited for traders looking for raw spreads and instant execution. This is my preferred account type because I use scalping systems that require the tightest spread and quickest execution speeds possible.
- MultiBank Group allows traders to trade various financial assets, including FX, metals, equities, indexes, commodities, and cryptocurrencies.
- Users can access the popular MetaTrader 4 (MT4), MetaTrader 5 (MT5), Multibank.io, and the proprietary MultiBank-Plus platform.
- These spreads range from 0.2 pips to ~0,3 pips, so they are indeed extremely generous.
- The signal providers set the pay-out intervals and commissions charged for their services.
Additional Features Across All Account Types
The best trading conditions exist in the ECN option, but traders must commit $5,000, which may be high for some. MultiBank Group offers professional, multilingual customer care 24 hours a day, seven days a week, as well as free MAM, PAMM, EA, VPS, and API services. The regulatory compliance ensures that clients’ funds are as secure as possible.With a turnover of more than $6.8 trillion in 2023, continues to generate record-breaking financial outcomes. Additionally, they serve clients all over the world from 25+ locations in important financial hubs; a strong affiliate network supports it. All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.
Traders can choose an account based on spreads, commissions, and leverage preferences. (APPARENTLY THEY HAVE A PARTNER COMPANY THAT IS USING THEIR NAME)Don’t trust them.. They provide RM’s for an investment above 1000$ and there main motive is for you to lose. They make you invest more by making stupid trades and then end up losing all.. I lost 2000$ on multibank thanks to there over qualified Pakistani RM’s.
MultiBank is fully commission-free, although trading charges vary depending on the asset or instrument exchanged. The new generation of trading with an intuitive, user-friendly design that simplifies and streamlines the trading process. Expand your portfolio by trading commodities like energy and grains.
The Demo account comes preloaded with $100,000 in virtual funds, and it provides access to all the above listed platforms and financial products. As we have already explored, the Standard Account has the lowest minimum deposit at just $50. However, the Pro and ECN Accounts have high minimum deposits at $1000 and $5000 respectively. The trade-off is the improved trading conditions with these two accounts, which may lead to higher gains. Not only does it have several trading platforms to choose from, but it also has an excellent range of assets.
It offers low spreads starting from 0.0 pips, multiple account types, and trading platforms like MT4 and MT5, which are advantageous for experienced traders. However, beginners may find the absence of micro accounts and restrictions on scalping limiting. While suitable for those using complex strategies and varied portfolios, MultiBank’s avoidance of platforms outside MT solutions could deter traders seeking more flexibility. With client support available 24/7, it offers robust service but lacks educational materials, posing challenges for novice clients. MultiBank Group positions itself as a globally trusted broker with institutional-grade safety, diverse trading instruments, and powerful platforms.
- Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker.
- Additionally, they serve clients all over the world from 25+ locations in important financial hubs; a strong affiliate network supports it.
- Please follow the links to each of our affiliated broker’s websites.
- The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices.
To chat with a customer care representative, use the ‘chat now’ button to pull up the instant web chat window. You can also connect with the broker on social media; Facebook, twitter, YouTube, LinkedIn and Instagram. I have always found support easy to deal with and wouldn’t have any issue reaching out to them again in the future.
MultiBank advertises 14,145 tradeable markets, with 14,054 stocks, 11 crypto CFDs, 11 commodity CFDs, 40 forex pairs, 6 metals, and 23 indices. However, the vast majority of MultiBank’s listed offering is unavailable when first logging into the broker’s available platforms. Thanks to the adoption of Zero Commission Trading and Negative Balance Protection, they have earned a well-deserved reputation as one of the most trustworthy brokers on the market.
This will help Tradersunion.com to continue to provide our services to you for free. Traders benefit from advanced platforms like MultiBank-Plus, MT4, and MT5, all offering instant and stable nano-second execution. Social trading is available across account types, allowing users to copy strategies from seasoned professionals. Research and education at MultiBank Group brands have a long way to go to catch up to industry leaders, but the broker continues to make progress in other categories.
