MultiBank FX Commission or Brokerage Charges – Review, Plans, FAQs & more

MultiBank Group is an international trading service corporation that has its headquarters in Hong Kong.

The parent company owns award-winning forex and CFD brokerage company called MultiBank FX and it was established in California in 2005.

With years of experience and expansion, the company has reached several corners of the world and has headquarters in some of the major cities that including Hong Kong, Malaysia, London, Dubai, Germany, and Australia.

Since MultiBank FX is a globally recognized forex trader, it operates under the principles of various financial regulators across four of the main continents.

The regulators include ASIC, BaFin, FMA, BVI, CNMV, DFSA, CIMA, and FSC.

While trading with MultiBank FX the customers will enjoy trading in various assets like forex, shares, metals, commodities and the daily trading volume is more than 7.2 billion dollars.

The broken promises to provide one of the best commission and charges, in this article we would be discussing the MultiBank FX Commission charges.

MultiBank FX Commission or Brokerage Charges

MultiBank FX Commission fee is known to be low in general. The company does not charge any which some of the other trading companies do.

Trading Fees

• The MultiBank FX brokerage fee is the amount that you pay whenever you do trade that is by a stock of any specific company.
• MultiBank FX Commission is either based on the amount of the stocks or the volume of the stock stated, or it is fixed
• The spread charge is the basic difference between the buying price of a stock and the selling price of a stock
• The financial rate or the overnight swap charges is charged whenever a trader is holding a leveraged position for more than one trading day

Non-Trading Fees

• These charges are the ones that are related to some operations that you perform in your account such as adding money or funds to your account or withdrawing money or profit from the trading account to your bank account or for inactivity charges. MultiBank FX spread and commission charges start from 0 US dollars with 0.0 pips as a spread.
• MultiBank FX does not charge any depositor withdrawal MultiBank FX Fees, however, there is an inactivity fee of $60
• Offers one of the most competitive trading fees, thus it is one of the most perfect ones in the market.
• MultiBank FX also offers leverage on certain currencies up to 1:500, 1:200 on the commodities and indices while trading on shares the leverage offered is up to 1:20.

Fill up the Form – Open Forex Trading Account Now!

More Related Articles on Forex Commission Charges

Types of MultiBank FX Commission Plans

MultiBank FX has developed several account types which cater to a variety of needs of various traders.

MultiBank FX has developed three types of live trading accounts which are also known as commission plans based on the requirements, trading conditions, market conditions of various traders.

So, what is a trading account or a commission plan?

A trading account is a registered space with a certain broker where you can use the broker’s instruments and tools to trade in various asset classes to gain profit and earn more money.

Most of the brokers allow their customers to select their preferred trading account, but certain brokers decide that trading account whenever you register with them.

The commission plans for MultiBank FX trading accounts include the Ecn Pro Account, MultiBank Pro Account, and the Maximus Account.

ECN Pro Account

• The initial deposit or the minimum deposit amount is 5,000 US dollars
• Spread charges are zero
• The MultiBank FX commission charged is $3 per share traded
• The leverage amount is 1:500
• This is an empty Ford FX trading account that uses an electronic communication network to connect to the buyers and the sellers.
• You will have access to referring a friend scheme along with Imperial Bonus

MultiBank Pro Account

• You will have access to a friend scheme along with an imperial bonus
• The initial deposit or minimum deposit is $1,000
• The spread charge is 0.8 pips
• No commission is charged while trading with this account
• The leverage charged is 1:500
• 20 percent is the minimum promotional bonus

Maximus Account

• The initial deposit amount is $50
• Spread charges are 1.4 pips
• Commission-free trading is available in this account
• Leverage charged is 1:500
• Exclusive Bonus is available
• Additional 100% bonus whenever using an appealing option

Islamic Swap-Free Account

There are many Muslim traders in various countries where various companies provide trading services.

Some of the Muslim traders follow Sharia law principles, where you are not allowed to pay taxes or interest.

Thus, MultiBank FX has developed an Islamic swap-free account so that the traders do not need to pay any sweat charges or interest charges to go along with their religious beliefs.

Demo Account

MultiBank FX trading company also provides a demo account feature free of cost for all the users who register as a trader with the company.

This demo account is also known as a virtual trading account where the users can practice trading, get accustomed to the environment, get to know about the trading tools, and learn about the market in a risk-free environment.

MultiBank FX also provides a certain amount of virtual currencies into this demo account which the users can use to dummy trade using various instruments.

All the MultiBank FX users who want to trade on CFD are also eligible to use free VPS MAM and PAMM accounts for all their benefits.

MultiBank FX Account Opening Process

So, to invest in all these assets you need to open a trading account or join the commission plans provided by MultiBank FX.

The account opening process has been mentioned in the following steps

• Fill up the account opening form by clicking on the Open Forex Account button
• Then you will get a message from the broker, click on the link, you will arrive at the account opening page
• On this page, you will find an application form for all the traders who want to register themselves to the company.
• In this application form, you need to fill out necessary details like name, dress, mobile number, phone number, bank details, and some other details correctly.
• Next, you will be prompted for KYC verification and this process will be completed online. All you need to do is upload a scanned copy of a government-authorized identity card for verification purposes.
• Once the process has been completed, a trading account will be assigned to your name and you will receive the credentials in your email address within 2 days.
• You can then download a trading platform or use the web trading platform or the mobile training application to log into your trading account and then start trading.
• With the trading account, you will also have unlimited access to the demo account which you can use to practice trading and try your various strategies.

MultiBank FX Payment or Withdrawal Methods

MultiBank FX promises secure transactions and deposits that are processed within a matter of 24 hours.

The minimum deposit that has to be done is $50 for which the traders are not charged any extra fee.

You must always remember that the name of the bank account and the trading account must always match whenever you’re performing a deposit or withdrawing any amount. Withdrawing is also free of charge and is available via the same methods.

The original timing depends on the chosen method, the amount of money, and your country of residence.

The payment and deposit methods include:

Payment options:

Credit Card, Cryptocurrencies, Neteller, Skrill, Wire Transfer

Withdrawal options:

Credit Card, Cryptocurrencies, Neteller, Skrill, Wire Transfer

Check Similar Articles on Forex Commission / Plan Types

MultiBank FX Investment Assets

Once you have successfully registered yourself as a trader with MultiBank FX and have created a trading account, now you need to learn about the multiple asset classes in which you can trade.

Remember that the asset classes will depend on the initial deposit amount and the account type that you are using.

Below mentioned is a list of investment classes in which the traders can invest

• The customers are allowed to trade in currency trading, commodity trading, indices trading, and stock trading.
• They can also deal in cryptocurrency trading
• The supported cryptocurrencies include Bitcoin, Ethereum, Litecoin, and Ripple
• The total number of tradable assets is 1,000
• Currency pairs are 45
• Cryptocurrencies in which you can invest is for
• Stocks in which you can invest is 700 plus
• Indices in which you can invest in
• Commodities in which you can invest is about 5

MultiBank FX Commission – Conclusion

MultiBank FX is a popular online Forex service provider that caters to thousands of traders from four different continents.

The company is regulated and monitored by 11 plus top tier governing bodies, thus all your funds and user data are safe.

The broker promises competitive MultiBank FX commission charges along with competitive MultiBank FX fees and competitive MultiBank FX charges.

This is the main reason why it is preferred both by beginners and professionals

Check Articles on Forex Commission & Plans

MultiBank FX Charges or Fees – FAQs

Here is the list of FAQs related to the MultiBank FX Brokerage Charges or Fees:

Do MultiBank FX charge commission?

MultiBank FX commission charges are levied on specific instances.

MultiBank FX Commission charges depend on your commission plan or your trading account-preference or on the asset in which you are trading or the entity which you’re using for trades.

It also varies depending on your country.

How much does MultiBank FX charge brokerage?

MultiBank FX Brokerage depends and varies on the commission plan or the trading account which you’re using.

MultiBank FX brokerage also depends on the trading instrument, trading tool, and the assets in which you are trading.

What is the Minimum Deposit required in MultiBank FX?

The minimum deposit required to open a trading account with MultiBank FX is $50 and this is only available for the Maximus trading account.

For all the accounts other than this account, the commission charges are different and are available for different types of users.

How much leverage does MultiBank FX provide?

The leverage charge is also variable and it directly depends on your trading account preference, commission plan, and the asset class on which you are trading.

How much is Spread at MultiBank FX?

The spread charge is also variable and it starts from 0 pips to 1.4 pips depending on the trading account preference.

What type of Commission Plans are available in MultiBank FX?

The commission plans for MultiBank FX trading accounts include the Ecn Pro Account, MultiBank Pro Account, and the Maximus Account.

You also get an Islamic trading account and also a demo account.

Does MultiBank FX provide Cryptocurrency for Investment?

Along with investing in commodities combinations, stocks, and ETFs, MultiBank FX also allowed status to invest in and with cryptocurrencies. Supported cryptocurrencies include Apple, Litecoin, and Bitcoin.

Is MultiBank FX a legit Forex Broker?

MultiBank FX is regulated by 11 governing bodies from four different continents.

Along with negative valence protection, client fund segregation, SSL encryption for data, MultiBank FX also provides a two-step login process on the web trading platform and various other security features.

Can I invest in MultiBank FX for $5?

The minimum amount required to invest in MultiBank FX is $50, therefore you cannot trade using $5 with this company.

Are there any hidden charges available with MultiBank FX?

The company is promised complete transparency of all its charges and transactions.

In this review, details about MultiBank FX Commission, fees, and charges have been mentioned and it is also available on the official website. Thus there are no hidden charges.

Fill up the Form – Open Forex Trading Account Now!

Most Read Articles