Making its entire range of markets available by default and adding more educational and research content would help to balance MultiBank’s overall offering. MultiBank Group offers forex, CFDs, and underlying cryptocurrencies across its relevant brand entities around the world. 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. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.

Additionally, traders can explore our newly launched all-in-one platform, MultiBank Plus. The award-winning app provides access to over 20,000 financial instruments, including forex, metals, commodities, shares, indices, UAE CFDs and digital assets. With its intuitive interface, sophisticated charting tools, and real-time market execution, it offers a superior trading experience on the go. Additionally, MultiBank Plus app benefits from strong regulatory oversight and cutting-edge technology, embodying MultiBank Group’s emphasis on transparency, reliability, and convenience. The reality is that only 1042 markets are available by default on its MetaTrader platforms. Though the number of symbols available on the MetaTrader platform at MultiBank is on par with the industry median (982 symbols for MetaTrader offerings), traders that want to access the full range of MultiBank’s advertised markets must submit manual requests via email.

Mobile Trading Apps

This frustrating process is at odds with how most brokers deliver investment products. The best forex brokers make all markets available directly within the trading platform, making it far easier to find trading opportunities. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. 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. I was happy to see that it has developed its own social copy trading platform, and spreads are competitive on its ECN Account offering.

The main accounts at MultiBank include ECN Pro, MultiBank Pro, Maximus, and MT5. A commission-free account that is perfect for new traders looking to start investing. Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score. For example, if you deposit $1,000 of trading funds to receive a $200 promotional deposit bonus, the volume requirement to redeem the bonus would be 80 standard lots – or 8,000,000 units of currency.

Keep in mind that the minimum deposit requirement might vary depending on your country of residence and the MultiBank Group entity that holds your account. 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. Fourthly, the MT5 account, as you might have guessed from the name, allows you to trade with MetaTrader 5, which is an even more advanced version of MT4.

Its total trade volume is 1.87 trillion and counting, and it has become a sponsor for companies like BMW. The broker clearly has a lot of longevity in the industry, as well as a solid reputation. Joey Shadeck is a Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.

MEX Atlantic has taken out an insurance policy with Lloyd’s of London, the world’s leading insurance market, that protects clients’ funds for up to USD$1 million per account. A commission-free account that is perfect for new traders looking to start investing.Standard accounts offer instant execution, stable spreads. Yes, deposit bonuses offered by MultiBank Group are legit, but that doesn’t necessarily mean you’ll be able to redeem them. 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. Your commissions will vary based on the type of account you choose, but the fees are reasonable.

The Largest & Most Regulated Financial Derivatives Broker worldwide

Read our full explanation and https://worldtradex.world/ accounting of our research and testing process to learn more about how we test. Trade over 55 major, cross, and exotic Forex pairs, and benefit from the tightest spreads in the industry. MultiBank Group was founded in 2005 and today employs over 600 staff globally. According to MultiBank Group’s website, the broker is well-capitalized with over $322 million in paid-up capital. The ‘Best Mobile FX Trading App’ award further reinforces the firm’s reputation as an innovator in the fintech space, driving the future of mobile solutions with excellence and integrity. Join MultiBank Group’s network of over 30,000 Introducing Brokers and enjoy the highest levels of personalized customer care.

Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. The account opening process at https://worldtradex.blog/ MultiBank Group is relatively straightforward. Resources and applications for opening an account can be found within the client portal on the MultiBank Group website under the My MultiBank section.

• Islamic traders also need not feel left out, as there are Islamic Account options for those who follow the Muslim faith.
• The ‘Best Mobile FX Trading App’ award further reinforces the firm’s reputation as an innovator in the fintech space, driving the future of mobile solutions with excellence and integrity.
• This win underscores MultiBank Group’s commitment to delivering cutting-edge, user-centric solutions that empower clients worldwide.
• Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.

IC Markets

For the most part, the broker’s research offering is limited to a weekly newsletter and news headlines within its platforms. On the negative side, the broker’s market research offering is unimpressive and educational content is minimal although shows signs of progress; MultiBank’s poor performance in these important categories drags down its Overall rating. Platforms like MetaTrader 4 and MetaTrader 5 have become industry standards for a positive user experience, so that bodes well for MultiBank. You can also contact this broker via email, live chat, or video conference, in addition to the dozens of phone numbers offered. Features like Social Trading allow traders to “invest smarter.” You can copy the trades of profitable, consistent traders.

Download the MultiBank Group Brochure

In conclusion, though MultiBank might not work for complete novices, it is still a wide-ranging broker, able to fit with most experience levels. Since then, we have evolved into one of the largest financial derivatives companies worldwide, with a current paid-up capital of over $322 million. MultiBank Group’s best feature is its relatively high Trust Score; the broker holds multiple regulatory licenses, including Tier-1 licenses in Singapore and Australia. Also worth noting is its license to operate as a cryptocurrency exchange. Educational content at MultiBank is limited to a series of basic videos and ebooks powered by MTE Media, which are available on a new dedicated education section on the broker’s website.

MEX Europe

The same funding options available for deposits can be used to withdraw funds at MultiBank. Though processes may vary depending on the MultiBank Group entity that holds your account, withdrawals typically require a withdrawal request form. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. The Qatar Financial Expo is a prestigious global event that gathers leading institutions and industry experts to showcase innovations in the financial services sector.

We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. With MultiBank, you can trade products like Forex, metals, shares, indices, and commodities on a wide range of platforms. MultiBank’s global presence and ideal trading conditions make it one of the most competitive brokers around. The Standard account requires just a $50 minimum deposit, but comes with higher relative spreads. In my opinion, MultiBank’s Standard account is best avoided unless you are a complete novice.