The firm was started in 2005 in California, USA, and is now a worldwide organization with 25 branches worldwide. Its headquarters are in Hong Kong. Over 320,000 clients in over 90 countries are served by the brokerage firm.
ASIC, BaFin, FMA, CNMV, DFSA, FSC, and CIMA are among the organizations that regulate the MultiBank Group. These are recognized regulators who offer traders a sense of security. The fact that the firm is regulated indicates that market prices will not be manipulated and withdrawals will be honored. MultiBank Group’s trustworthiness is further enhanced by its $320 million paid-in capital and custody payment systems.
The popular MT4 and MT5 platforms are available from the broker. These can be downloaded from the group’s webpage install section. Furthermore, the broker’s web trading platform allows you to trade from any browser and operating system.
The interface is appropriate for users of all levels of experience and is widely considered the leading Forex trading platform. In 2005, the system was launched. The software has important functions, even if the visual style is outdated.
MetaTrader 5 is a multi-asset platform designed by MetaQuotes Systems for even more professional ones. The service, which debuted in 2010, allows users to trade FX, equities, and futures. MT5 is a powerful all-in-one investing platform that boasts more multiple trading features than its predecessor.
Both platforms are available as mobile applications too.
MultiBank Group is primarily a CFD and forex broker, offering traders over 1000 trading instruments:
MultiBank Exchange Group offers competitive trading fees. Zero pip spreads are available on the ECN Pro solution, while spreads start at 0.8 pips on MultiBank Pro and 1.4 pips on Maximus Pro. Commission fees are reasonable at $3 per forex lot. Typical spreads for major currency pairs:
EUR/USD – 0.1
USD/JPY – 0.2
Australian dollar / US dollar – 0.2
Pound sterling / US dollar – 0.3
EUR/USD – 0.8
USD/JPY – 1.0
Australian dollar / US dollar – 1.0
Pound sterling / US dollar – 1.1
euro/US dollar – 1.5
USD/JPY – 1.6
Australian dollar / US dollar – 1.6
Pound sterling / US dollar – 1.7
MultiBank FX offers leverage on currencies up to 1:500, commodities and indices up to 1:200, and stocks up to 1:20. In comparison to EU-regulated brokers, these are significant leverage rates. Investors must be aware of the hazards of trading with leverage at all times.
The minimum deposit with this broker is $50, there is no commission charged. The payment methods are listed below:
Withdrawals can be made the same way as deposits, the only difference is the timing for a transaction, which can take several business days depending on the chosen method and the amount of income.
The brokerage offers a $100,000 virtual beginning deposit demo account, which is a good practice to test your techniques on a variety of marketplaces with no risk. Clients, which are using a demo account have access to both MT4 and MT5 platforms.
Customers can choose from a variety of benefits when they open a trading account. A 20 percent deposit incentive is available, which is fully refundable. After trading goals have been met, the Imperial Bonus is available for first deposits up to $5,000. A 100% deposit bonus is also available, albeit the terms and conditions are extremely strict. Regular clients can earn a loyalty incentive of up to $3,500.
Furthermore, the broker’s YouTube, Facebook, Twitter, and Instagram feeds provide market updates as well as several instructional contents with investing recommendations.
The company also provides appealing copy trading services. Clients can subscribe to signals from experienced investors and copy positions to their accounts manually or automatically. The costs are minimal, and there is a large selection of signal providers from which to choose. There is a straightforward three-step approach for individuals who want to sell signals.