MULTIBANK Review

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Multibank FX is a multi-featured ECN Forex broker serving 320,000 clients across 90 countries. It offers a wide range of assets, tight spreads, leverage up to 30:1, free VPS hosting, FIX/API access, MAM accounts, and a 20% deposit bonus.

■ Foundation: MultiBank Group was founded in 2005

■ Headquarters: MultiBank is based in Australia and also maintains 20 offices all over the world

■ US Residents: MultiBank forbids traders from the U.S. -NO-

■ Regulated: The Multibank Group is regulated by ASIC Australia (No 416279), FSC BVI (SIBA/L/14/1068), and more

■ Client Bank Account Segregation: Client money is held in segregated bank accounts

■ Website Language:  English, French, Russian, Arabic, and more

■ Customer Support: 24/5 via Phone, LiveChat, WhatsApp, and email

 

MULTIBANK FX REVIEW SUMMARY

■ Broker Type: ECN Broker

■ Liquidity Providers: 20+ providers

■ Trading: Forex Currencies, Equities, Metals, Commodities, and Cryptocurrencies

■ Platforms: MetaTrader-4, MetaTrader-5

■ Trading Time Zone: GMT

■ Demo Account: YES

■ Lowest Spread on EUR/USD: 0.1 pip plus $6 commissions per full traded lot ($100,000) on the ECN Pro account type

■ Leverage: The maximum trading Leverage is 30:1

■ Scalping/Hedging: Yes, but they forbid trades that last under 10 seconds

■ Free VPS: YES

■ SWAP-Free Account: YES

■ PAMM/MAM Accounts: YES

■ Minimum Account: $50 for a simple Maximus account, and up to $5,000 for an ECN Pro account

🔗 Accounts: Multibank Real Trading Account

 

💱 MULTIBANK TRADING ASSETS

Currently, MultiBank Fx offers the following assets:

■ 45+ Forex Pairs

■ Several stock indices and over 1,000 shares

■ Precious Metals (from 8 cents spread on Gold & 3 cents spread on Silver)

■ Cryptocurrencies

■ Commodities

MULTIBANKFX.COM ECN PRO TRADING SPREADS

These are the basic Multibank FX spreads on the ECN Pro account, according to the available pricing on their platform:

■ EURUSD spread is 0.1 pip, plus $6 commissions on the ECN Pro account

■ USDJPY spread is 0.2 pip, plus $6 commissions on the ECN Pro account

■ GBPUSD spread is 0.3 pip, plus $6 commissions on the ECN Pro account

Note: Multibank Pro & Maximus account types offer higher spreads without trading commissions

 

TRADING PLATFORMS & MOBILE

 

MULTIBANK ACCOUNT INFORMATION

Minimum Account: The minimum required deposit amount to open an account with MULTIBANK FX is 50 USD

	MAXIMUS	MULTIBANK PRO	ECN PRO
Minimum Deposit	50 USD	1,000 USD	5,000 USD
Trading leverage	Up to 30:1
Platforms	MetaTrader-4 (MT4) in several versions and MetaTrader-5 (MT5)
Promotions	100% Deposit Bonus 20% Bonus (check below)	20% Deposit Bonus (check below)	NO
Minimum Trading Spreads	1.4 pip	0.8 pip	0.1 pip
Trading Commissions	NO	NO	$6.0 per full-traded lot

(*) The maximum trading leverage is up to 30:1 for trading all assets except for the crypto assets

 

MULTIBANK FX Deposit/Withdrawal Methods:

■ Bank Wire

■ Credit/Debit Cards

■ Internet Wallets (Skrill, Neteller, PerfectMoney, PayTrust, PaymentAsia, FxBit, GlobePay, ThunderX)

■ No Fees on Deposits or Withdrawals

■ Inactivity Fees (after 3 months of no activity, MultiBank may charge a monthly maintenance fee of $60)

Account Currencies

• Base (account) currencies: USD, EUR, GBP, CHF, AUD, NZD, CAD, and PNL

 

MULTIBANK FX CORPORATE INFORMATION

 

⚖️ MULTIBANK REVIEW PROS AND CONS (According to competition)

MULTIBANK FX REVIEW PROS & CONS
MULTIBANK FX REVIEW PROS (√)	MULTIBANK FX REVIEW CONS (X)
√ ECN processing with direct access to over 20 Interbank trading prices √ Tight trading spreads starting as low as 0.1 pips plus $6 commissions per full traded lot √ A wide range of financial markets, including 45+ Forex pairs, cryptocurrencies, commodities, and equities √ FIX/API trading, plus a free VPS for automated trading √ Fully-featured MAM Accounts √ 20% Bonus on the Maximus and Multibank Pro accounts (10% Cash + 10% Credit Bonus) √ Negative balance protection	X Forbids trades that last under 10 seconds X Inactivity Fee (after 3 months of no activity) X Customer Support Delays

 

 

🏁 Multibank Fx Review Conclusions:

Established in California in 2005, Multibank is a multi-featured and multi-regulated Forex broker serving over 320,000 traders. It offers a wide range of assets, including 45+ Forex pairs, cryptocurrencies, metals, indices, commodities, and over 1,000 shares.

For trading platforms, Multibank provides MetaTrader 4 and MetaTrader 5 in versions for desktop and mobile. Scalping, automated trading, and hedging are fully allowed. Professional traders can use FIX/API, and a free VPS is available for automated trading.

Multibank offers three main account types:

• ECN Pro: For professional traders, with very tight spreads, a $5,000 minimum deposit, spreads starting at 0.1 pip plus $6 commission per full lot, and leverage up to 30:1.

• Multibank Pro: For advanced traders, offering fair spreads and a $1,000 minimum deposit.

• Maximus: For beginners, with wider spreads, bonuses, and a $50 minimum deposit.

Accounts can be funded via card, wire transfer, Skrill, Neteller, and PerfectMoney, with a wide variety of account currencies available.

Regarding promotions, Multibank offers a free VPS and a deposit bonus of up to $40,000, including:

• 10% cash and 10% credit on new deposits

• A 20% deposit bonus for new and existing customers

• Cashback bonus is withdrawable, but can be lost

Overall, Multibank is a multi-featured and competitive ECN Forex broker focused on professional and intraday traders. However, it is not suitable for scalpers or arbitrageurs, as trades under 10 seconds are not allowed.

🔗 Accounts: Multibank Real Trading Account

 

 

■ MULTIBANK.com Review

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