MultiBank Group Review 2023: Is It Legit or Scam?
MultiBank Group holds multiple awards that make it an impressive foreign exchange broker in various areas that are beneficial for seasoned traders. MultiBank offers various tools like VPS hosting, FIX API, and MAM/PAMM for money managers and professional traders. The MultiBank Group offers a minimum spread of 0.0 pips on Forex and CFD trading, which makes the platform suitable for seasoned traders. The company boasts its advanced technology and trading platforms. For example, the broker is one of the few to offer automated trading.
- MultiBank has first-class customer support with friendly and responsive agents ready to assist their clients 24×7 via live chat, email support ([email protected]), phone support, or WhatsApp.
- The platform also charges an inactivity fee of $60 for every inactive month after 90 days.
- MultiBank understands the need to offer a wide variety of calculators to guide traders on their forex trading journey.
- They are available 24/7 and have always been patient and helpful in addressing my queries.
- Their different branches also have corresponding regulators watching over them.
Furthermore, if you do not select your base currency when registering, by contacting their customer service, you can change your base currency with ease. The best part of their account offers is that you can have more sub-accounts and select different base currencies for each sub-account. The social trading feature at MultiBank allows traders to invest smartly. Social trading, also known as copy trading, allows traders to copy the trading strategy of a profitable, consistent, and active trader.
You can also contact limefx reviews via live chat and email. In fact, it responds quickly and answers all your questions. Furthermore, their email support is shockingly fast, with personalized responses sent out within one day.
I’ve tried a few different brokers
MultiBank Group broker became one of the first companies to start electronic and online Forex and Financial Derivatives trading. The company was established by Naser Taher, with unmatched experience in the financial industry. The MultiBank Group has multiple account types to suit different needs based on the preferences of the traders. To create a MultiBank account, traders need to choose any one of the following account types (Note that these are not demo accounts).
Users can withdraw funds using any one withdrawal method – by submitting a withdrawal request via MultiBank or email. To withdraw money from the MultiBank account, visit My MultiBank and submit the withdrawal request. The fund withdrawal form available on the official webpage can also be used to withdraw money from MultiBank FX.
I am happy trading with MultiBank
The MultiBank trading platform offers zero commission trading, negative balance protection, no rejection, no records, and no restrictions on Expert Advisors (EA). I started trading with them a few months ago, and I’ve had a good experience so far. The spreads are competitive, and I’ve been able to withdraw my profits without any issues. The best part, though, is their exceptional customer support. They are available 24/7 and have always been patient and helpful in addressing my queries.
The MULTIBANK Trader 4, renowned as the traditional edition of the world’s most widely used trading software, has garnered the favor of millions of traders thanks to its exceptional attributes. MultiBank Group offers a variety of deposit and withdrawal options. So, MultiBank Group Pro would be the perfect match for an advanced trader. The minimum deposit is low enough to make losses more acceptable. This section tends to be the shortest in this industry, but in this MultiBank Group review, we have a rare broker with a LIST of financial regulators.
Cashback program
MultiBank Group wants to offer the safest conditions to its traders. Their first initiative is the stop-out level, where trading platforms are set to automatically close open options when the stop-out level is reached. Some conditions apply to different equity levels of accounts. The MetaTrader 5 (MT5) trading platform is designed to meet the evolving needs of brokers and traders, offering advanced features and enhanced scripting tools for custom indicators and expert advisors (EA). Under the Prime of Primes program, trading platforms at MultiBank FX allow affiliates direct access to leading liquidity providers. They also get to use low-cost and instant Straight Through Processing (STP) of trade orders with the tightest spreads in the market.
MultiBank beats its close competitors when it comes to forex trading costs for major currency pairs, along with tight spreads starting from 0.0 pips. According to this MultiBank Group review, it receives positive views for its groundbreaking past performance and reputation in the market. The ECN account offers the lowest spreads, starting from 0.0 pips.
Finance Magnates reported in July
that MultiBank
Group had obtained a license from
CySEC for its derivatives brokerage expansion in Europe. This license was
granted to its Cypriot subsidiary, MEX Europe. MultiBank is regulated in
various jurisdictions, including Germany, Australia, New Zealand, the UAE, and
Singapore.
I have been trading stocks for a while…
Users who join the Franchise program with MultiBank FX enjoy a strong reputation and customer service, increased opportunities for expansion, and gain access to successful business models. Users can access the Web Trader MT4 platform at MultiBank by logging into their accounts. Trading forex using Web Trader can be done from any operating system and browser without any additional software. It offers all the advantages of the native solution and ensures high compatibility and reliability with the overall MT4 ecosystem. MultiBank offers a full ECN model with tight spreads by following a non-dealing desk ECN trade structure that gives direct access to more than 20 interbank trading prices with no conflict of interest.
World’s #1 Broker
The MultiBank Group maintains a trustworthy and secure environment as the platforms are regulated by more than 10 regulatory bodies around the world, making the platforms as transparent as possible. There are mainly three account types across global entities for trading CFDs and forex, including Standard, Pro, and ECN. MultiBank customers can also use demo trading to experiment with the platform without real money investments. MultiBank Group provides a wide selection of 20,000+ financial products to trade in global financial markets including Forex, Commodities, Metals, Indices, Shares, and Cryptocurrencies CFDs.
Trading accounts comparation
Traders can diversify their portfolios and capitalize on demand and supply trends to generate strong returns on their investments. I’ve been with this broker for a while now, and I’m quite happy with their services. Their customer support is responsive, and I appreciate their user-friendly trading platform. MetaTrader 4 (MT4) is the world’s most popular trading software, known for its great features and extensive functionality. The MT4 app, available for desktop and mobile, along with other mobile trading apps and trading tools, and is highly regarded by millions of traders and brokers worldwide, as it consistently meets and exceeds their demands.
Expert Advisors monitor everything from support and resistance levels and indicators to multiple timeframes to maximize gains. With the help of the sophisticated trading environment offered by MultiBank, the Expert Advisors software detects the best trading patterns. It executes trades based on the instructions given by the traders. Trading commodities is also possible on MultiBank with a swap-free trading account, low margin on all commodities, and tight spreads at zero commission. The most popular commodities traded on the MultiBank trading platform include cocoa, coffee, corn, soy, US Spot, and UK Spot.
The demo account is available for both MT4 and MT5 trading platforms. Moreover, users need to select any one trading account tier from Standard, Pro, and ECN. MultiBank understands the need to offer a wide variety of calculators to guide traders https://limefx.group/ on their forex trading journey. To this end, the platform has introduced 6 trading tools, including a currency converter, Fibonacci calculator, pivot point, stop loss or take profit levels, margin calculator, and pip value calculator.
MultiBank had a turnover of more than $5 trillion in 2020 which shows the platform’s record-breaking financial performance, instilling confidence and trust in many traders. MultiBank Group is an award-winning forex broker operated by the MEX Group worldwide. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. While I do notice areas where there’s room for improvement, I must say that when it comes to trading and executing trades, MultiBank handles things quite professionally.