Read our brief overview of international forex broker, MultiBank Group before you trade.
Founded in 2005, MultiBank Group has evolved into one of the world’s largest multi-regulated financial derivatives companies. It boasts an impressive suite of trading platforms, including a proprietary social trading platform, along with competitive trading conditions, decent pricing and a 24/7 customer support team.
However, the broker has higher average spreads on its Standard account, when compared to its competitors and it no longer offers the cTrader trading platform, despite previously featuring it within its platform lineup. It also has an extremely limited educational section, with a significant lack of resources being rather disappointing for a broker of its size.
Company Name | MultiBank Group |
Established | 2005 |
Headquarters | Dubai, UAE |
Regulation | CySEC (Cyprus), ASIC (Australia), BaFin (Germany), VFSC (Vanuatu), MAS (Singapore), FSC (British Virgin Islands) |
Trading Platforms | WebTrader, Mobile App, MultiBank-Plus, Social Trading, MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Account Types | Standard, Pro, ECN |
Account Currency | USD, EUR, GBP and more |
Tradable Instruments | Forex, Metals, Shares, Indices, Commodities, Cryptocurrencies |
Minimum Deposit | $50 |
Customer Support | 24/7 (Email, Phone, Live Chat, Social Media) |
Additional Features
Feature | Availability |
Regulated Broker | ✅ |
Trading Contests | ✅ |
Mobile Trading | ✅ |
Educational Resources | ✅ |
Web-Based Platform | ✅ |
Research Tools | ✅ |
MetaTrader 4 (MT4) | ✅ |
MetaTrader 5 (MT5) | ✅ |
Accept US Clients | ❌ |
Accept EU Clients | ✅ |
Swap-Free / Islamic Accounts | ✅ |
Copy Trading | ✅ |
Demo Accounts | ✅ |
Negative Balance Protection | ✅ |
Segregated Accounts | ✅ |
Virtual Private Servers (VPS) | ✅ |
24/7 Support | ✅ |
Inactivity Fees | ✅ |
Promotions | ✅ |
Hedging Allowed | ✅ |
