MultiBank Group Review 2023 Is It a Good or Bad Broker?

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 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.

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.

Deposit Bonus

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.

Withdrawal of funds at https://limefx.club/ is both easy and accessible to benefit the platform’s active traders and investors. MultiBank Group, the global finance and technology giant, announced a record-breaking third quarter in 2023. DUBAI, United Arab Emirates, October 06, (BUSINESS WIRE)–MultiBank Group, the global finance and technology giant, announced a record-breaking third quarter in 2023.

You can also contact MultiBank Group 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.

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.

  • MultiBank Group offers 8 base currencies for withdrawals and deposits.
  • MultiBank FX has come out in the limelight by offering a 20% deposit bonus, allowing traders to claim up to $40,000 by making a minimum deposit of $1000.
  • MultiBank Group puts their clients’ safety above all else, proving a large list of regulators from all around the world.
  • The most experienced trader would opt for ECN Pro account, with tight spreads and commission.
  • Every currency pair has a unique swap rate calculated based on 1 standard lot and determined by interbank rates.

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 Group Leverage & Margin Requirements

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.

Trade with a trusted broker

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.

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.

Very nice and pure trading platform and…

MultiBank Group assets range from financial products like forex, indices, metals, shares, commodities, and cryptocurrencies. FIX API offered by the MultiBank Group is a unique turnkey solution for high-volume and institutional clients looking for direct access to the financial market. Both MT4 and MT5 trade platforms are available on the MultiBank mobile trading app. The mobile trading platforms are compatible with multiple devices, including Android, iOS, and Windows operating systems, featuring the same functions offered on the desktop version. It also provides a wide range of order types, including stop orders and pending. The interface is easy to use, simple, and intuitive, allowing users to make trades on the go.

Indices

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.

The scammed by limefx 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.

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.

MultiBank FX charges swap fees depending on the currency pair chosen by the traders. The platform also charges an inactivity fee of $60 for every inactive month after 90 days. This inactivity fee is quite high compared to the market average. Apart from these non-trading fees, the MultiBank Group makes an excellent platform than other brokers since the trading costs have been kept minimal. The MultiBank Group demo account allows users to get familiar with the platform’s features and functions without making any real money deposits.

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