Their different branches also have corresponding regulators watching over them. 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. With under 20 millisecond execution, you will get access to over 55 currency pairs, metals, and all major assets with MultiBank Group. Various bonuses and promotions can make an experience with a broker much more pleasant and profitable.

  • Several varieties are presented in conditions of account categories.
  • The fund withdrawal form available on the official webpage can also be used to withdraw money from MultiBank FX.
  • In fact, some of the platforms even offer special bonuses, which you can view above.

As we said earlier in our MultiBank Group review, the firm values customer satisfaction quite a bit. That’s why the broker set up an excellent customer support structure, with toll-free phones for various countries. Its team operates 24/6 and speaks multiple languages, making communication smooth and simple.

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It has offices in over 10 countries, allowing it to shift to fit various global legislative requirements. On top of that, the firm has been around for 2005 and has since deserved quite a positive public opinion. With the brokerage constantly innovating, new user interest seems to be as high as always. As such, our MultiBank Group review will help you make an informed decision about using the broker’s services. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.

There is no trading academy, training videos or any learning resources that will be of benefit to a beginner trader. Most online brokers will provide some educational materials to help support traders so this is a disappointment. If you are new to trading and looking for some guidance along the way, LimeFx have a great selection of educational content including trading guides and videos. 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.

  • We aim to help the victims of online scams, Forex trading Scams, Cryptocurrency Scams, Bitcoin Scams, Romance scams, Binary trading scams, Facebook scams, Instagram scams or any other financial frauds.
  • These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers.
  • Instead, the broker is intent on getting you up and running quickly, not delaying your potential trading gains.
  • 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.

Naturally, price here isn’t an exact term, as you still get the entire sum to trade with. As such, MultiBank Group is actually one of the cheaper brokerages, even with its quality and experience. With a service and an introduction that MultiBank Group has, it’s no wonder it’s maintained relevance. Few brokers manage to push past their first few years, let alone the better part of two decades. The experience the broker has is a sign of valid functioning, as well as a great service. After all, how could a company stay afloat for so long if its customers were displeased?

MultiBank has a great mobile trading platform, we really liked its design and user-friendliness. We use dedicated people and clever technology to safeguard our platform. Having the potential to make someone go into a debt trap, the scammers lure their victims in with irresistible offers and discounts. In this segment, we will be telling our readers about a few important points that you must look for in a broker before opening an account with them. It claims to be the World’s No1 financial derivatives platform.

MultiBank Group Review: Deposits and Withdrawals

Especially with the help of my account manager Mr. Cherukad Mashoodh, thanks bro! As you all might know, the regulation is one of the most important checkpoints that one must look for while searching for a brokerage firm. Due to the increasing inflow of scammers in the market, the regulations set up barriers to make sure that the scammers stay away from the market. For a company to acquire a license, it must go through a variety of tests. However, these tests are not as easy as they might sound like. If a company does not have a license, it means that the company is UNAUTHORISED and not fit for trading.

MultiBank doesn’t have its own self-developed trading platform. It uses MetaTrader 4 and MetaTrader 5, a third-party platform. We ranked MultiBank’s fees as low, average or high based on how they compare to those charged by all the brokers reviewed by us.

MetaTrader 4

The completeness, and timeliness of the articles posted here may vary and are not necessarily accurate at all times. The reader is solely responsible for his/her use of such information and trading news and the appropriateness of the same to him/her. No matter where you look, it’s difficult to find something you wouldn’t enjoy with the broker.

The Review of MultiBank Trading Accounts

The headquarters are in Hong Kong while other offices are in 15 locations across the world. The broker boasts of clients from more than 90 countries worldwide and a trading volume into the billions every day. Since inception, MultiBank has been recognized on numerous occasions for its brokerage services by industry experts and reputable organizations.

No matter where you look, the broker’s safety protocols are airtight, preventing any sort of foul play. Even when you look at the less objective descriptors, the broker still doesn’t let up. In this part of our MultiBank Group review, we’ll explain why we’re so confident in its security. Payments deposit and most important withdrawal are quick that gives me more confidence in Multibank. MultiBank Group puts their clients’ safety above all else, proving a large list of regulators from all around the world.

Trading Conditions at MultiBank Group

This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. In order to open an account on MultiBank, the user has to first fill an online form present on the internet and subsequently select the appropriate moderator for opening an account. 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.

Beginners can easily join with a minuscule minimum deposit but beware of the wide spreads. Keep in mind, there are possibilities to lose money when trading. Therefore, this might make trading a little riskier for an limefx forex broker inexperienced investor. The company website allows users to inform themselves about Multibank Group’s services quickly. It doesn’t hide anything or try and misdirect users and waste time they could’ve spent trading.