International MultiBank Group

26 Aug International MultiBank Group

To the extent any advice is provided, it is general advice only and does not take into accountyour objectives, financial situation or needs. MEX PACIFIC (V) LTD is not licensed or authorised to provide financial services in any other country or jurisdiction. The financial products offered by MEX PACIFIC (V) LTD may not be able to be sold in some jurisdictions.

I was happy to see that it has developed its own social copy trading platform, and spreads are competitive on its ECN Account offering. Making its entire range of markets available by default and adding more educational and research content would help to balance MultiBank’s overall offering. ECN An ECN account is best-suited for traders looking for raw spreads and instant execution. PRO The Pro account is suitable for traders looking to take advantage of zero commissions, tight spreads, and instant execution.

MEX Global Markets

As of 5 October 2021, there will be new Design and Distribution Obligations imposed on the way we issue and distribute our products. Please contact us or refer to our Target Market Determination for more information. We recommend selecting the currency that you plan on transferring when depositing funds to minimize any conversion costs. Expand your business and build your client network while benefitting from our IB and affiliate programs. Read our full explanation and accounting of our research and testing process to learn more about how we test. MultiBank Group was https://lunarcapital.vip/ founded in 2005 and today employs over 600 staff globally.

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. MultiBank Group offers both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms developed by MetaQuotes Software Corp, in addition to its recently launched proprietary MultiBank-Plus mobile app, available for iOS and Android devices. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Over the past decade, MultiBank Group’s achievements have been recognized by the global forex industry, including awards from distinguished financial institutions, media organizations, and publications. Since then, we have evolved into one of the largest financial derivatives companies worldwide, with a current paid-up capital of over $322 million.

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. 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. 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. A commission-free account that is perfect for new traders looking to start investing.

Is MultiBank Group Safe?

MetaTrader 5 (MT5) is the more recent iteration of MetaTrader, offering more robust charting options. However, being relatively new, it has less support and usage among traders. It sets the standard for trading and has the most support out of any platform. 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. 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. MultiBank Group maintains 25+ offices worldwide catering to an international client base and partners with affiliates in major financial hubs around the world.

Popular Forex Guides

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. MultiBank Group holds multiple broker licenses in a variety of jurisdictions, including from Tier-1 regulatory bodies such as the Australian Securities & Investment Commission (ASIC) and the Monetary Authority of Singapore (MAS). By holding licenses in a rich variety of jurisdictions, MultiBank Group has boosted its Trust Score (with a Trust Score of 82, we consider MultiBank Group to be a trusted broker); you can learn more about how we calibrate a broker’s Trust Score by visiting our Trust Score page. 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.

STANDARD A commission-free account that is perfect for new traders looking to start investing. Standard accounts offer instant execution, stable spreads, and require a minimum initial deposit of only $50. 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. 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.

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. 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. 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.

Accounts

However, the vast majority of MultiBank’s listed offering is unavailable when first logging into the broker’s available platforms. MultiBank Group, in operation since 2005, is home to numerous global brands and is regulated in jurisdictions all over the world. A multi-asset broker, MultiBank offers forex and CFDs through the MetaTrader platform suite (though not all markets are readily available) as well as underlying crypto assets via its regulated crypto exchange.

• Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
• He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
• ECN An ECN account is best-suited for traders looking for raw spreads and instant execution.

Open an account and start trading in 2 minutes!

• An ECN account is best-suited for traders looking for raw spreads and instant execution.
• 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.
• You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). 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. When trading at that volume, you can easily end up earning (or losing) far more than the initial deposit bonus amount. The spread you’d end up paying to trade eight million units of currency will end up being greater than the deposit bonus. The Standard account requires just a $50 minimum deposit, but comes with higher relative spreads.

Resources and applications for opening an account can be found within the client portal on the MultiBank Group website under the My MultiBank section. 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. An ECN account is best-suited for traders looking for raw spreads and instant execution.

The Pro account is suitable for traders looking to take advantage of zero commissions, tight spreads, and instant execution. 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.

You should satisfy yourself that entry into a financial product offered by MEX PACIFIC (V) LTD is permissible in your jurisdiction. To the extent any advice is provided, it is general advice only and does not take into account your objectives, financial situation or needs. Dealing in foreign exchange contracts and our other over-the-counter derivative products carries significant risk. You may lose all of your initial investment and you may also incur losses that exceed your initial investment. At ForexBrokers.com, our reviews of LunarCapital forex broker online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.

MEX Australia Pty Ltd is not licensed or authorised to provide financial services in any other country or jurisdiction. The financial products offered by MEX Australia Pty Ltd may not be able to be sold in some jurisdictions. You should satisfy yourself that entry into a financial product offered by MEX Australia Pty Ltd is permissible in your jurisdiction.

An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

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. MultiBank Group does not rank highly in this category, due to the lack of any significant in-house or third-party research content. For the most part, the broker’s research offering is limited to a weekly newsletter and news headlines within its platforms. 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.