What is MultiBank?

MultiBank is an STP / ECN forex broker founded in 2005 and based in Hong Kong. It offers forex currencies, cryptocurrency, commodities, indices, stocks, bonds, futures on ECN Pro Platform, MultiBank Pro MT4 Platform, Maximus MT4 Platform, MT5 Platform, Web Trading, Mobile Platform.

MultiBank is regulated by (1) MEX Clearing (UAE)- regulated by RAK with license number IC, 2993, 10, (2) MEX Exchange (Australia)- regulated by ASIC with license number 416279, (3) MultiBank FX International (BVI)- regulated by FSC with license number SIBA, L, 14, 1068. Its listed office is Hong Kong.

This review explains what you actually get: how safe the broker is, what trading costs look like, how deposits and withdrawals work, what the MultiBank bonus offers, and who the broker suits best.

• ✓Regulated since 2005 by (1) MEX Clearing (UAE)- regulated by RAK with license number IC, 2993, 10, (2) MEX Exchange (Australia)- regulated by ASIC with license number 416279, (3) MultiBank FX International (BVI)- regulated by FSC with license number SIBA, L, 14, 1068, with segregated client funds.
• $Cost to start: $50 minimum deposit and spreads from 0.1 pips.
• ⚡Flexible trading: leverage up to 1:500, hedging, scalping and news trading allowed.
• %Bonus: Yes, no no-deposit bonus.

More about MultiBank

MultiBankFX Overview

MultiBankFX is operated by MultiBank Group, was founded in 2005 at California, the USA with Company No. 3918038 and now headquartered in Hong Kong. MultiBankFX is a regulated (BaFin, ASIC, FSC, FMA, CNMV, CIMA, RAK) by many jurisdictions forex and CFD broker, they have multiple offices in Australia, Germany, Austria, Vietnam, Cyprus, the British Virgin Islands, Spain, UAE, China, and the Cayman Islands. They offer a lot of trading instruments including Forex currency pairs, cryptocurrencies, indices, individual stocks, commodities, and spot metals.

The Multibank FX work as ECN/DMA broker and it offers 3 types of trading account to trade 5 distinct asset classes.  All accounts are designed in three categories for novices, intermediate and advanced investors are made available for trading at a multi-regulated atmosphere.

Features

• Stable trading platform
• Multi award winning broker
• Commission free and tight spreads 
• Trust and regulation

As already mentioned, MultiBank FX has many jurisdictions regulation and they operate from several countries: 

• MEX Spain
• MultiBank Vietnam
• MEX Clearing (UAE), 
• MEX Prime (Cyprus)
• MEX Exchange (Australia)
• MEX Fintech (Hong Kong)
• Datong Financial Group (China)
• MEX Asset Management (Austria)
• MEX Asset Management (Germany)
• MultiBank FX International (BVI)
• MEX Wealth Management (Cayman Islands).

The MultiBank brand operates as MEX Exchange in Australia, regulated by the ASIC (Australian Securities and Investments Commission) with the AFSL (Australian Financial Services License) under this 416279 number.

In Germany, MultiBank operates as MEX Asset Management by the BaFIN (German Federal Financial Supervisory Authority) under this Registration number HRB 73406, also the brand operates in Austria under this license number 491129z.

 In the British Virgin Islands, MultiBank operates as MultiBank FX International Corporation, issued by the FSC (Financial Services Commission) under this certificate number SIBA/L/14/1068. 

In the Austria, Multi Bank operates as MEX Asset Management GmbH regulated by the FMA (Financial Market Authority) under this license number 491129.

MEX Wealth Management is regulated by the CIMA (Cayman Islands Monetary Authority).

MEX Spain is regulated by the (CNMV) National Securities Market Commission.

Trading Platforms

The company offers a different platform that impacts several features:

The pure ECN pro

• The platform offers the best spreads on the EUR/USD. 
• Give access to the most liquid market 
• 24 hours instant and stable nano-second execution
• The maximum leverage up to 500:1
• Offer more than 45 forex pairs and No restrictions on EA
• Up to 5 levels of Market Depth
• Negative balance protection
• Guaranteed no price slippage, no requotes and no rejections
• Free VPS, MAM and PAMM accounts

Automatic Trading Desk wherein all trades go through ECN to the market, eliminating any conflict of interest

Complete transparency of the market with only the best bid/offers being displayed

Multibank Pro

Actually, the multibank pro is the MT4 trading platform, this trading platform features is same as ECN pro platform. This account EUR/USD average spread is 0.7. 

Maximus Platform

These account features are same as others account but EUR/USD average spread is 1.4 pips.

Trading Instruments

Multibank FX offers a lot of trading of instruments:

Currencies: EUR/USD, GBP/USD, USD/CAD, AUD/USD, NZD/USD, USD/ CHF, USD/JPY, GBP/AUD, GBP/CAD, GBP/JPY, EUR/GBP, GBP/CHF, GBP/NZD EUR/JPY, EUR/CHF, AUD/JPY, AUD/CHF, EUR/AUD, AUD/CAD, CAD/JPY, CAD/CHF, NZD/JPY, CHF/JPY, AUD/NZD, NZD/CAD, NZD/CHF, and EUR/NZD.

Commodities: Multibank FX offers US and UK Crude, Copper futures and Natural Gas futures.

Indices: US Tech 100 index, US SPX 500 index, US Wall Street 30, UK 100 index, German DAX, Hong Kong Hang Seng 50, GER30 and more.

Metals: XAUUSD, and XAGUSD.

Shares CFDs: Apple, Adidas, AstraZeneca, Alibaba, Bank of Americ, Barclays, Baidu, UK/US Tobacco, BHP Billiton, eBay CFD Facebook, Alphabet, HSBC Holdings, IBM, Johnson & Johnson, JP Morgan Chase, Coca-Cola, Mc Donalds, Lloyds Bank, Microsoft, BP and BT and more. .

Cryptocurrency: Bitcoin spot, ethereum spot, litecoin, and ripple spot.

Account Types

MultiBank offers 3 different type’s account. The ECN account spreads beginning from 0.1 pips under run of the mill economic situations, just as commission. As its name suggests, it is an ECN type and MT4 trading platform

The MultiBank Pro account spreads beginning from 0.8 pips under run of the mill economic situations, without commission. 

The MultiBank Maximus account spreads beginning from 1.4 pips under run of the mill economic situations, without commission. This account is available through Metatrader 4 platform and an STP process. The maximum leverage is up to 500:1. 

Also, the company offers a demo and Islamic account.

Deposit and withdrawal methods

MultiBank offers a good number of easy and safe common methods. 

Bank Wire, Visa, Master Card, Skrill, Neteller, Paytrust: all these account base currencies are USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD, all process is may take up to 24 hours. 

Perfect money: this account base currency is USD and EUR.

Help2pay: MYR, THB, IDR, VND currencies are available for this account. 

In withdrawals, you can use all deposit method without perfect money and Help2pay but you can use NgânL??ng.vn this account. 

Awards and recognition

As a forex and CFD broker Multibank FX got many awards:

• Best FX forex and CFD broker EU and Asia 2019
• Best forex trading platform 2011
• Best ECN broker Asia 2012
• RTB China awards 2012
• Best forex broker Asia 2013
• Most powerful technical research & development tool 2013
• Broker of the year 2013 and more.

Customer Support

MultiBank provides multilingual customer service 24 hours a day and 5 days a week. 

Live chat: it’s a fast and very easy wat to get in touch with multibank. They offer First Class Multilingual Customer Service 24 hours. 

Phone: Multibank has more than 40 global customer service numbers, including US: +1 213 992 4748, UK: +44 20 3953 8381, Spain: +34 931220671, Italy: +39 0230578823, Malaysia: +60 0362074715, Philippines: +63 022711861, Australia: +61 2 9195 4000, UAE (toll free): +800 017 8167 and more.

Email support:  [email protected]

Callback request: You get a call back from multibank, by submitting a call back request form on their website.

Video conference: You can talk via video call by submitting Name, email, Phone, and Country on request a video conference form on their website. 

Social media support: Multi Bank provide support through social media. You will find on:

Facebook: https://www.facebook.com/multibank.official

Twitter: https://twitter.com/multibankgroup

LinkedIn: https://www.linkedin.com/company/multibankgroup/

Is MultiBank safe and regulated?

MultiBank is supervised by 8 authorities. Our listing shows these licences:

Client money is held in segregated accounts, separate from the company's own funds. Before you sign up, check which MultiBank company will hold your account, because protection levels can differ between regions.

MultiBank account types and trading conditions

These are the main trading conditions listed for MultiBank. It offers Islamic, mini, VIP, managed accounts.

MultiBank trading platforms

MultiBank supports ECN Pro Platform, MultiBank Pro MT4 Platform, Maximus MT4 Platform, MT5 Platform, Web Trading, Mobile Platform. MetaTrader 4 remains the favourite for forex and Expert Advisors. MetaTrader 5 adds more timeframes and better access to stocks and other non-forex markets.

Web and mobile trading

Web trading: Yes. Mobile trading: Yes. Markets available: Forex Currencies, Cryptocurrency, Commodities, Indices, Stocks, Bonds, Futures. The website is available in English.

MultiBank deposit and withdrawal methods

MultiBank accepts these deposit methods:

• Credit/Debit Card
• Neteller
• Skrill
• WebMoney
• Bank Wire Transfer
• Etc.

Withdrawals use the same methods as deposits.

Accounts can be held in USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD. Choosing the currency you deposit in avoids conversion fees. Your account must be verified (ID and proof of address) before the first withdrawal.

MultiBank bonus and promotions

These are the promotions listed for MultiBank:

MultiBank no deposit bonus: MultiBank does not offer a no deposit bonus. See our up-to-date list of forex no deposit bonus offers. Every offer has volume and time conditions, so read the terms first.

MultiBank pros and cons

How to open an MultiBank account

1. RegisterClick "Visit Broker" and fill in your name, email, country and password.
2. Verify your profileUpload a passport or ID card and a recent utility bill or bank statement.
3. Choose an accountPick the account type, base currency and leverage that suit you.
4. Fund and claim the bonusDeposit from $50 and opt in to the promotion if your region qualifies.
5. Start tradingLog in to MT4, MT5, Web. Practise first on a free demo account.

Open an MultiBank account ↗

MultiBank customer support and contact

These are the contact details we have on file for MultiBank:

Final verdict: should you trade with MultiBank?

MultiBank scores 4.3 out of 5 in our review. Its strongest points are strong multi-regulation, an affordable $50 minimum deposit and tight spreads from 0.1 pips. Keep in mind: no no-deposit bonus; very high 1:500 leverage greatly increases the risk of loss.

If your main goal is a free no-deposit bonus, MultiBank is not the right fit. Compare it with other options on our best forex brokers page before deciding.