Multibank Fx is a multi-featured ECN Forex broker servicing 320,000 customers from across 90 countries worldwide. They offer a wide asset index, tight spreads, leverage up to 30:1, a free VPS, FIX/API, MAM accounts, and a 20% deposit bonus.
MULTIBANK Review
■ Foundation: MultiBank Group was founded in 2005
■ Headquarters: MultiBank is based in Australia and also maintains 20 offices all over the world
■ US Residents: MultiBank forbids traders from the U.S. -NO-
■ Regulated: The Multibank Group is regulated by ASIC Australia (No 416279), FSC BVI (SIBA/L/14/1068), and more
■ Client Bank Account Segregation: Client money is held in segregated bank accounts
■ Website Language: English, French, Russian, Arabic, and more
■ Customer Support: 24/5 via Phone, LiveChat, WhatsApp, and email
MULTIBANK FX REVIEW SUMMARY
■ Broker Type: ECN Broker
■ Liquidity Providers: 20+ providers
■ Trading: Forex Currencies, Equities, Metals, Commodities, and Cryptocurrencies
■ Platforms: MetaTrader-4, MetaTrader-5
■ Trading Time Zone: GMT
■ Demo Account: YES
■ Lowest Spread on EUR/USD: 0.1 pip plus $6 commissions per full traded lot ($100,000) on the ECN Pro account type
■ Leverage: The max trading Leverage is 30:1
■ Scalping/Hedging: Yes, but they forbid trades that last under 10 seconds
■ Free VPS: YES
■ SWAP-Free Account: YES
■ PAMM/MAM Accounts: YES
■ Minimum Account: $50 for a simple Maximus account, and up to $5,000 for an ECN Pro account
► Multibank Real Trading Account
MULTIBANK FX TRADING ASSETS
Currently, MultiBank Fx offers the following assets:
■ 45+ Forex Pairs
■ Several stock indices and over 1,000 shares
■ Precious Metals (from 8 cents spread on Gold & 3 cents spread on Silver)
■ Cryptocurrencies
■ Commodities
ECN PRO TRADING SPREADS
These are the basic Multibank Fx spreads on the ECN Pro account, according to the available pricing in their platform:
■ Multibank EURUSD spread is 0.1 pip, plus $6 commissions on the ECN Pro account
■ Multibank USDJPY spread is 0.2 pip, plus $6 commissions on the ECN Pro account
■ Multibank GBPUSD spread is 0.3 pip, plus $6 commissions on the ECN Pro account
Note: Multibank Pro & Maximus account types offer higher spreads without trading commissions
MULTIBANKFX.COM TRADING PLATFORMS & MOBILE
MultiBank Fx provides the classic MetaTrader-4 and MetaTrader-5 platforms in several versions for desktop and mobile computers: ■ MetaTrader-4 desktop for PC and MAC ■ MetaTrader-4 WebTrader ■ MetaTrader-5 desktop for PC and MAC MULTIBANK ACCOUNT INFORMATION Minimum Account: The minimum required deposit amount to open an account with MULTIBANK FX is 50 USD (*) The maximum trading leverage is up to 30:1 for trading all assets except for the crypto assets MULTIBANK FX Deposit/Withdrawal Methods: ■ Bank Wire ■ Credit/Debit Cards ■ Internet Wallets (Skrill, Neteller, PerfectMoney, PayTrust, PaymentAsia, FxBit, GlobePay, ThunderX) ■ No Fees on Deposits or Withdrawals ■ Inactivity Fees (after 3 months of no activity, MultiBank may charge a monthly maintenance fee of $60) 20% Trading Bonus (10% Cash + 10% Credit Bonus) Account Currencies MAM Account Features MULTIBANK FX CORPORATE INFORMATION
Contact Information Servicing 320,000 customers from across 90 countries worldwide, MultiBank Exchange is the trading name of MultiBank Forex Exchange Corporation incorporated in California, the USA with Company No. 3918038. MultibankFX is the trading name of Multibank FX International Corporation (BVI) Company No. 1377324. Multibank Fx Regulation MultiBank Group includes companies regulated by different worldwide bodies:
MULTIBANK REVIEW PROS AND CONS (According to competition) MULTIBANK FX REVIEW PROS & CONS MULTIBANK FX REVIEW PROS (√) MULTIBANK FX REVIEW CONS (X) √ ECN processing with direct access to over 20 Interbank trading prices √ Tight trading spreads starting as low as 0.1 pips plus $6 commissions per full traded lot √ A wide range of financial markets, including 45+ Forex pairs, cryptocurrencies, commodities, and equities √ FIX/API trading, plus a free VPS for automated trading √ Fully-featured MAM Accounts √ 20% Bonus on the Maximus and Multibank Pro accounts (10% Cash + 10% Credit Bonus) √ Negative balance protection X Forbids trades that last under 10 seconds X Inactivity Fee (after 3 months of no activity) Multibank Fx Review Conclusions: Established in California in 2005, Multibank is a multi-featured and multi-regulated Forex broker, servicing over 320,000 traders. Multibank offer a wide selection of trading assets including 45+ Forex pairs, cryptocurrencies, metals, indices, commodities, and over 1,000 shares. As concerns their trading platforms, there is the classic MetaTrader-4 and MetaTrader-5 in several versions for desktop and mobile devices. Scalping, automated trading, and hedging are fully allowed. There is an FXI/API for professional Forex traders and a free VPS for facilitating automated trading. Multibank provide three major account types. The Maximus account is for starters and requires a deposit of $50. The Multibank Pro account type offers significantly better trading spreads and requires a 1,000 USD deposit. Finally, there is the ECN Pro account type for professional Forex traders, which requires $5,000 and offers the tightest trading spreads. The trading spreads on the ECN Pro account start as low as 0.1 pip plus $6 commissions per full-traded lot. The trading leverage can be up to 30:1. You can fund your trading account via cards, wire, Skrill, Neteller, and PerfectMoney and you may choose via a wide variety of account currencies. As concerns trading promotions, Multibank offers a free VPS and a deposit bonus of up to $40,000. This is a 20% deposit bonus that applies to all new and existing customers. Overall, Multibank is a multi-featured and competitive ECN Forex broker focusing on the needs of professional traders, especially as concerns intraday traders, but not for arbitrageurs as it forbids trades that last under 10 seconds. ► Multibank Real Trading Account
L MORE REVIEWS • COMPARE • BROKERS ■ MULTIBANK.com Review TradingCenter.org (c)
MAXIMUS
MULTIBANK PRO
ECN PRO
Minimum Deposit
50 USD
1,000 USD
5,000 USD
Trading leverage
Up to 30:1
Platforms
MetaTrader-4 is several versions, MetaTrader-5
Promotions
NO
Minimum Trading Spreads
1.4 pip
0.8 pip
0.1 pip
Trading Commissions
NO
NO
$6.0 per full-traded lot
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