MultiBank Group Review

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MultiBank Group Review

General Information
Broker Name:MultiBank Group
Broker Type:
Forex & CFD
Country:
Offices in 10+ countries
Operating since year:
2005
Regulation:
BaFin, DFSA, FCA, FSC, CIMA, ASIC
Address:
 /
Broker status:
Active
Customer Service
Phone:
+18335427841
Email:
cs@multibankfx.com
Languages:
English
Availability:
24/6
Trading
The Trading platforms:
MT4, MT5
Trading platform Time zone:
/
Demo account:
Yes
Mobile trading:
Yes    
Web-based trading:
Yes
Bonuses:
Yes
Other trading instruments:
Yes
Account
Minimum deposit:
$250
Maximal leverage:  
1:500
Spread:
Variable
Scalping allowed:
Yes

CONTENT
  • GENERAL INFORMATION
  • FUNDS TRADING AND SECURITY
  • THE TRADING ACCOUNTS
  • TRADING CONDITIONS
  • TRADING PLATFORM
  • MULTIBANK GROUP’S TRADING PRODUCTS
  • CUSTOMER SERVICE
  • CONCLUSION

Broker Review: MultiBank Group

Broker Review: MultiBank Group

General Information

MultiBank Group is a multinational and experienced brokerage that suits both beginner and veteran investors. 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.

To start, we need to emphasize the thoroughness and flexibility of MultiBank Group. It’s one of those vintage brokers that don’t do anything halfway through. As such, there are no conditions that are half-pleasing. Instead, the broker gives off a strong impression from the start and doesn’t let up. Even its website, which is a relatively benign feature for brokers, is carefully crafted.

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. Instead, the broker is intent on getting you up and running quickly, not delaying your potential trading gains. That lends it an air of trustworthiness from the start and negates the frustration of researching new brokerages. On top of that, it looks pretty appealing and doesn’t jump at you with promotional materials.

MultiBank Group definitely has the looks and feel to match its excellent reputation. The first impression you get of it is that the broker is a company that knows what to do. As we said earlier in our MultiBank Group review, that feeling doesn’t let up as you learn more regarding the broker. Before we continue, let’s look at some of MultiBank Group’s interesting features:

general information

·        Social Trading

Social trading is a relatively new online trading feature that can meaningfully contribute to your trading experience. It can be a way to both earn money and learn how to become a better trader. It achieves that by letting you copy others, as well as analyze their trading patterns and habits. However, even if you’re a trading veteran, you can still utilize social trading by letting others copy you. That means you earn some fraction of each positive trade they make, providing a welcome fund boost.

·        Multiple Regulators of MultiBank Group

We’re all aware of how difficult the regulatory situation is, especially with new unregulated brokers flooding the market. Despite regulations being one of the primary security features, most new firms seem to operate without any. That forces some traders to go for unregulated companies as they have no better option. Naturally, that’s a huge gamble, especially if you intend to trade on a higher-than-casual level. Luckily, MultiBank Group doesn’t fall into that category, as it has multiple strong regulators ensuring user safety.

·        Bonuses

Various bonuses and promotions can make an experience with a broker much more pleasant and profitable. However, most firms tend to stop at basic promotions, such as deposit matches and welcome bonuses. However, MultiBank Group has a ton of various bonuses that can gather you thousands of dollars in total. Naturally, getting the max out of them takes a fair bit of money or effort, but they’re worth it. As such, no matter your budget, the broker’s bonuses can bolster your trading funds significantly.

Funds Trading and Security

Funds Trading and Security - MultiBank Group

Safety is a primary concern when choosing a brokerage, as unsafe brokers can steal tons of money from you. However, most newer brokerages seem to rely on trust rather than solid proof of trustworthiness. Unfortunately, those same brokers often end up being scams, or at least dishonest firms that harm users. In contrast to that, MultiBank Group is one of the most secure online financial businesses you can run into.

Earlier in our MultiBank Group review, we talked about how the company had multiple regulators. For anyone in the trading world, it should be apparent that’s a sign of a very trustworthy company. Most brokers settle on one if even that much and call it a day, mostly doing that as a formality. It’s apparent that MultiBank Group wants users to feel safe and isn’t afraid to put resources towards ensuring that. If you simply look at the regulator list, it should be enough to convince you of the firm’s integrity.

The whole list of regulators includes ASIC, BaFin, DFSA, FCA, FSC, CIMA. Experienced investors should be aware that each of these is a strong licensing body by itself. When you stack them up together, you get an airtight security web.

Furthermore, we should also talk about the firm’s experience and how that works towards its trustworthiness. It’s factual that scams are unsustainable and disappear quickly in the vast majority of cases. However, MultiBank Group has been around since 2005. That’s over 15 years of operation without any major scandals or missteps. On top of that, the broker manages to maintain a positive impression among users, which is impressive.

Altogether, there’s no room for doubt about the firm’s integrity or safety measures. As we said earlier in our MultiBank Group review, it doesn’t do anything halfway.

The Review of MultiBank Trading Accounts

MultiBank Group is one of the few brokers that doesn’t follow the standard way to set up accounts. It instead opts for a more diverse setup, which suits particular investor types better. As such, it has three distinct account types, each with conditions appropriate for the fund level they sit at. It allows the broker to be much more diverse with its service, as well as become more affordable. An example of that is the firm’s cheapest account requiring a mere $50 deposit.

And besides having an excellent live account setup, the broker also has a demo account. That can be an invaluable tool for newbies, who can use the demo to practice for a while. It also allows beginners to get used to trading platform interface and functionality. Even for veterans, the demo account is the best way to test out a broker’s service and get full insight.

Back to the live accounts, we should note that all three provide competitive trading conditions. As we said earlier in our MultiBank Group review, each has benefits, with the more expensive ones being more feature-rich. However, even the cheaper accounts can give you a complete trading experience. Here are some more details about the accounts at multibankgroup.com:

The Review of MultiBank Trading Accounts

MultiBank ECN Pro

  • Minimum initial deposit of $5,000
  • Spread from 0.0* pips
  • Leverage up to 500:1
  • Social trading
  • 24/6 technical and account support
  • Multilingual customer service

MultiBank Pro Platform

  • Minimum initial deposit of $1,000
  • Spread from 0.8 pips
  • Leverage up to 500:1
  • Social trading
  • 24/6 technical and account support
  • Multilingual customer service

Maximus Platform

  • Minimum initial deposit of $50
  • Spread from 1.4 pips
  • Leverage up to 500:1
  • Social Trading
  • 24/6 technical and account support
  • Multilingual customer service

Trading Conditions

So far in our MultiBank Group review, the broker has shown few weaknesses. That completeness is the broker’s primary advantage over competitors, and it carries over into the trading conditions. Namely, the broker provides some of the best trading in the market, with leverage of up to 1:500. Furthermore, it has accounts that allow you to trade without spreads, making the prices entirely transparent. At that point, you get a fully skill-expressive experience and can capitalize on your trading skill and knowledge.

The supporting features are excellent as well. The broker has same-day withdrawals, allowing your money to flow in and out of your account freely. On top of that, it has multiple trading platforms and a deep trading product variety. Near the start of our MultiBank Group broker review, we also mentioned its social trading features and bonuses. Those go towards improving the overall experience as well.

Trading Platform

MT4 - MT5 platforms

MultiBank Group has two platforms for users to chose from, both being market leaders. MetaTrader4 and MetaTrader5 are available to MultiBank Group customers, with their intuitive interface and broad functionality. The two are favorites among users everywhere, and most have already used one of the two at least. The platforms also come in web and mobile forms, allowing users to trade while they’re moving.

MultiBank Group’s Trading Products

MultiBank Group is a trading company with a wide variety of assets to pick from. Its trading instrument collection includes all of the common asset classes, with a solid selection inside each. That allows traders to always choose the best trading products for their portfolio. It makes diversification simple and enables investors and traders to set up a great safety net. Here are the asset classes at multibankgroup.com:

  • Forex
  • Metals
  • Shares
  • Indices
  • Commodities
  • Cryptocurrencies

Customer Service

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. Besides the phones, you can also reach the broker via email or live chat.

Phone: +18335427841

Email: cs@multibankfx.com

Customer Service

Conclusion

MultiBank Group is one of the few brokerages that manage to do it all and do it well. Undoubtedly, the ample time it’s had to develop helps that, but it’s apparent the broker knows what customers want. It’s one of the most secure brokers on the internet, with a broad array of regulatory bodies watching it. It also has offices across the globe, meaning it adheres to different legislations. The fact that it doesn’t break any rules speaks volumes about how clean the broker acts.

On top of that, the firm also has numerous features that improve your trading experience. We’ve already gone over them earlier in our MultiBank Group review, and it’s fair to say they cover everything. On top of that, the broker is friendly towards new users via bonuses and a demo account. Naturally, we’d like to implore you to try the broker out for yourself. MultiBank Group is great as both a starting point and permanent trading hub, and we’re sure it won’t disappoint.

  • Support
  • Platform
  • Spreads
  • Trading Instument

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One Response

  1. Kate Jenkins July 22, 2021

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