MultiBank Group Review 2023: Is It Legit or Scam?

With the remarkable MULTIBANK Trader mobile app, traders and brokers worldwide consistently witness the surpassing of their expectations, making it their platform of choice. This application offers a wealth of functionality and an array of features, making it a preferred option for millions of traders. Assistance is provided on a variety of queries covering topics like deposit and withdrawal methods, broker fees, available asset classes, live/demo accounts, trading account settings and pricing, and many more. When it comes to the security of clients, MultiBank does not leave any stone unturned.

All users need to do is download and install the MultiBank FX mobile apps free of cost from respective app stores. Another useful tool offered by MultiBank is the Economic Calendar which covers main economic events, news, and announcements, taking place worldwide that substantially impact the financial markets. All events and news are updated in real-time as soon as any information is released. The Economic Calendar provides general information and is intended for informative purposes only. Both beginners and professional traders can trade more than 20,000 instruments, including forex, shares, indices, metals, commodities, and even cryptocurrencies.

Our MultiBank Group review of their trading conditions left us confident that the broker can only offer the best and safest options to their traders. Especially compared to other CFD brokers, MultiBank Group stands out. MultiBank relocated its headquarters
from Hong Kong to Dubai in 2022 as part of
its business consolidation efforts in the UAE. 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. Navigate to the Support page to choose a convenient method, or use the sidebar to get direct access to the customer support options. All queries are instantly resolved without long waiting hours.

To provide the utmost security of client funds, all MEX clients are covered with an insurance policy under Lloyd’s of London that protects and guarantees funds up to $1 million per trading account. Additionally, other insurance policies ensure the highest degrees of security of client information and funds. MultiBank uses segregated client accounts to give the ultimate investment safety. It also ensures that all capital and funds are stored in tier 1 banks to provide the required peace of mind while trading.

Trade with a trusted broker

The CPA affiliate program at MultiBank FX allows users to earn up to $1000 in commission for every referred active trader. They also get access to a variety of high-quality tools and materials to officially promote the platform’s services and products. The Introducing Brokers (IBs) program on MultiBank FX is exclusively tailored to boost potential returns and grow businesses. Introducing Brokers are individuals who act as agents to introduce new trades to forex brokers like MultiBank FX. The platform caters to more than 30,000 IBs and partners with global leaders in the financial market. Traders at MultiBank FX can deposit funds using a variety of simple, instant, and secure funding methods based on their needs.

MultiBank offers a wide variety of trading instruments, including 20,000 financial products across forex, shares, metals, indices, commodities, and cryptocurrencies. With a quick look at the trading accounts, it is easy to tell which account is designated for which trader. The most experienced trader would opt for ECN Pro account, with tight spreads and commission. In fact, the minimum deposit for this type of account is fair and makes sense. Expert Advisors (EAs) are integrated into the MultiBank MT4 and MT5 platforms without any restriction to perform automated forex trades and orders.

  • 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.
  • In fact, it responds quickly and answers all your questions.
  • Our MultiBank Group review of their trading conditions left us confident that the broker can only offer the best and safest options to their traders.
  • Another useful tool offered by MultiBank is the Economic Calendar which covers main economic events, news, and announcements, taking place worldwide that substantially impact the financial markets.

MultiBank Group offers 8 base currencies for withdrawals and deposits. Moreover, you can pick USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD as your preferred base currency. Our MultiBank Group Review of Assets left us satisfied with the options and range of deposits. It is obvious that MultiBank Group welcomes traders with all levels of experience.

The experienced trader may act as signal providers and earn additional income when any trader copies their trading moves and account at MultiBank. Social trading is highly beneficial for both parties involved. “Our financial results broke new records once again this year, highlighting solid growth, with achievements that are in line with our long-term strategy.

MultiBank Group review of Assets rewarding Cashback Program is your best bet to make extra profits on your trades. The higher your trade volume in Forex and Metals, the more cashback you earn. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.

MultiBank Group will give you a chance to become a huge influence on their platform by gaining followers and copycats. It is professional, fast, profitable, and best of all – automatic. MultiBank
Group has announced a record-breaking third quarter in 2023. With a remarkable
revenue of US $112,365,577 and an astonishing trading turnover of US $3
trillion during this period, MultiBank Group has achieved its most successful
quarter in the company’s history.

Group has also disclosed its audited full-year 2022 financial results, which
reveal remarkable achievements. The annual financial statement unveils a
staggering surge in revenue of 48%, rising from US $188,636,721 in 2021 to an
impressive US $279,523,140 in 2022. The scammed by limefx collaborates with partners and professionals to bring them the Introducing Brokers Program that provides them with rebates and commission structures that are completely unheard of in the industry. Trustpilot is assessing this review in accordance with our flagging process. Their maximum lots per click and maximum open positions are restricted by the market depth and for risk control. Make sure to pick the regulator you are most comfortable with or you are required to pick due to your address.

Trade and invest in a selection of over 1,000 financial products

There are different deposit methods, including instant payments, bank transfers, crypto payments, and SEPA, with variable minimum deposit requirements and charges. For instance, users within the Eurozone can deposit funds using SEPA with a minimum deposit of €250. On the other hand, crypto payments are done instantly using digital wallets that support BTC, USDT, ETH, and more.

Moreover, MultiBank Group also reported its audited full-year 2022 financial results. The latest annual financial statement revealed an astounding 48% increase in revenue, soaring from US$ 188,636,721 in 2021 to US$ 279,523,140 in 2022. Furthermore, MultiBank Group reported a substantial increase of 35% in net income, climbing from US$ 132,937,545 in 2021 to US$ 180,013,709 in 2022 marking another record-breaking year for the global powerhouse.

I have been trading stocks for a while…

In addition, we also recently obtained a license for our new European subsidiary, MEX Europe Ltd, from the Cyprus Securities and Exchange Commission (CySEC). They were there for me at every stage,being courteous and offering assistance. MultiBank Group offers a shocking number of options to get in touch with its customer service. They provide help in many languages for your comfort and have specific numbers for different countries, so you do not have to wait in long lines on your phone. MultiBank Group has an exceptionally large international customer base, so obviously they also offer an Islamic account. Beginners can easily join with a minuscule minimum deposit but beware of the wide spreads.

Trading accounts comparation

According to several MultiBank Group reviews, you may have to wait several business days for your payment. The customer support offered by MultiBank is proficient and multilingual, offering services 24×7 via different platforms. You can just navigate through the platform easily and swiftly. I was also able to trade in a variety of stocks through the platform, I like that there is a variety of stocks I can invest in.

World’s #1 Broker

It is mostly suitable for high rollers as the minimum deposit requirement is quite high at $5000. The commission charged for an ECN account is $3 per lot for trade for trading forex. The MultiBank Group offers state-of-the-art forex trading platforms specially developed and designed to offer stability and allow real-time trading.

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