MultiBank FX Review – Online Platforms, Commission, Leverage, Account Types, Features & more

MultiBank FX is a broker that is known for top-class trading facilities in forex and CFD broker.

The broker is owned by a multi-band group which is an international financial group known for asset management and brokerage.

The trading company and the owning company operate under several legal entities and are regulated by the Australian Securities and Investment Commission.

The traders have access to over 1,000 assets and a maximum average of 1:500 is available. The company has offices in 25 different countries and is regulated by six Judiciary Bodies.

MultiBank FX is a well-structured trading company and is managed by a seasoned professional team that has a heavy presence in Asia, provides a generous bonus structure to entice the latest deposits, and also hosts high-profile events for its traders.

Connection to deep liquidity pools also attracts new traders, the company also strives for newer partnerships to enhance the overall product and services portfolio.

So in this MultiBank FX Review we will discuss all the important details about the company.

About MultiBank FX & Accepted Countries

In 2005 MultiBank FX was founded in California, USA.

At this moment the company is an international organization that is headquartered in Hong Kong along with 25 locations globally that include Dubai, London, Malaysia, Marbella, Australia, Germany, and many other places.

The company caters to about 320,000 customers in 90 plus countries across the offices.

The company is considered to be one of the safest brokers as it is regulated by top-tier ASIC and has a long history in the trading market.

The broker mainly offers three types of trading account called the

• ECN Pro,
• Multi-Bank Pro
• Maximus

The broker also has a demo account and an Islamic account. The Multibank pro and Maximus accounts provide commission-free services.

Some of the accepted countries are Australia, Thailand, Canada, the United Kingdom, South Africa, Singapore from India, France, Germany, November, Italy, and many other countries.

The company cannot offer services to the United States and Hong Kong residents due to legal restrictions.

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MultiBank FX Trading Platforms

Two types of trading terminals have been provided, one is the old and popular MetaTrader 4 and another one is the successor of the MT4 that is the MT5 Platform.

Both of these platforms can be downloaded from the official website and can also be accessed from any browser and operating system.

MetaTrader 4

This trading platform is regarded as one of the most popular and leading trading platforms and is suitable for all traders with various skill sets.

The platform was developed in 2005 and some of the key features include:

• Trading history can be viewed
• Automated trading via APIs
• Advanced interactive charting
• Sophisticated analytical functions
• 30 plus customizable technical indicators
• 9-time frames from 1 minute to a month
• Intend execution and multiple alternative execution modes

MetaTrader 5

• Launched in 2010, MetaTrader 5 is mainly a multi-asset platform and is mostly for the more experienced traders. The platform offers a trading solution in forex, stocks, and the future. Some of the exclusive benefits and features include:
• DOM data
• 21-time frames
• MQL5 language
• Technical support
• Economic calendar
• Additional graphical objects and technical indicators

MultiBank FX Mobile App

All of the live trading accounts are available on the MT4 and MT5 trading terminals.

The MultiBank FX App developed by the broker is quite easy to use and has been designed with care.

The traders would be profiting from a wide list of indicators, expert advisors for automated trading, the built-in customer support that includes live chat features and customizable charts.

The traders are also allowed to make deposits and withdraw directly from the mobile application.

You can download the MultiBank FX App from the respective app store free of cost.

Check out Mobile Apps of more Forex Brokers

MultiBank FX Commission or Brokerage or Fees

The Multibank Exchange Group is known to offer competitive trading fees or MultiBank FX Commission charges.

• 0 pip spread charges are available on the ECN Pro trading account
• spread charges start from 0.8 pips on MultiBank pro
• 4 pips for Maximus Pro.
• The MultiBank FX Commission charges are also reasonable at $3 per lot for Forex for the Maximus Pro account.

The fee is also applicable if the account has not placed any orders or there are no open positions for about three consecutive months.

MultiBank FX Exposure or Leverage

The broker offers leverage up to:

• 1:500 on currency pairs
• 1:200 on commodities and
• For indices, the shares are offered up to 1:20.

The leverage rates are quite higher compared to the other EU-regulated brokers.

Payment Methods provided by MultiBank FX

24 hours is the maximum time required for security deposits.

The minimum deposit has to be $50 and no deposit fee is charged.

Withdrawal of any random amount is free of charge but might take three to four days to reflect in your bank account.

Some of the common deposit or withdrawal methods are:

Deposit Method:

Credit Card, Cryptocurrencies, Neteller, Skrill, Wire Transfer

Withdrawal Methods:

Credit Card, Cryptocurrencies, Neteller, Skrill, Wire Transfer

Find out Payment Methods provided by other Forex Brokers

Investment in Asset Classes or Markets by MultiBank FX

Whenever a trader is trading via MultiBank FX they can trade in hundreds of assets. The asset classes include:

• Some of the things on which the users can trade are currency trading, commodity trading, indices trading, stock trading, and cryptocurrency trading.
• Bitcoin, Ethereum, Litecoin, Ripple are the Supported crypto coins.
• The total number of tradable assets is 1,000, the number of currency pairs is 45
• The number of cryptocurrencies in which the users can trade-in is about 4.
• Total number of tradable stocks is 700 plus, the number of industries in which you can trade-in is 10 and
• The number of indices in which you can trade is

MultiBank FX Virtual Trading or Demo Account

A demo account or a virtual account has been developed by the company and is known to provide the amount of $100,000 as a virtual opening balance.

This practice account is a great place to try out various trading strategies across various global markets as it is a risk-free environment.

The traders can understand the market, all the proceedings about trading, the various asset classes, and the Forex market.

The demo account can be registered from the official website of the company and no extra charge is required to sign up.

MultiBank FX Offers or Deals

The exclusive offers and deals provided by that are available are:

• Free learning courses and educational courses
• Free of course demo or virtual account
• Specific discount on brokerage
• Flexible brokerage plans
• Referral Offers for the partners

MultiBank FX Regulation or Licensing

The trading company is authorized and monitored by six regulators:

• The British Virgin Islands financial services commission
• Australian Securities and investment commission
• BaFin for MEX Asset Management
• Spanish commission national Dell mara do de Valores
• Cayman Islands Monetary Authority

Find out Regulations & Licensing of more Forex Brokers

MultiBank FX Features

Exclusive features include:

• Education materials are available on the website for the beginners
• Attractive copy trading services/ social Trading
• Clients can subscribe to signals from experienced investors
• Email alerts are available
• Guaranteed limit orders and guaranteed fills or liquidity is available
• Automated trading is available
• API trading is available
• VPS services available
• Trading directly from the chart is available
• Offers promotions
• A one-click trading feature is available
• Expert advisor is available

MultiBank FX Account Types

Take a look at the types of accounts that the company is offering:

The company provides three types of trading accounts which are Maximus account, MultiBank Pro, and ECN Pro.

The traders mainly have a similar core trading environment, the main difference being the competitive spread charges for a higher minimum deposit.

Now let us discuss the three account types.

ECN Pro

This is an MT4 trading account and some of the key points are:

• The initial deposit or minimum deposit amount is $5,000
• No spread charges are available
• $3 is the minimum commission charge
• The leverage amount is 1:500

MultiBank Pro

Some of the key points are:

• The minimum deposit or initial deposit amount is $1,000
• 8 pips are the spread amount
• Commission-free service
• 1:500 is the leverage amount

Maximus Account

• The initial deposit amount is $50
• 4 pips are the spread charge
• Commission-free service
• 1:500 is the leverage charge.

An Islamic swap-free account has also been developed And with this account, no overnight or swap charges will be charged.

This option is only available for the Muslim people as they follow Sharia law.

MultiBank FX Trading Account Features

Check below all the trading account features under various account types:

MultiBank FX – Research & Advisory

Find below all the different reports and support provided by its Research & Advisory team:

MultiBank FX Benefits

Some of the exclusive benefits include:

• Demo contests
• Competitive spread charges
• Copy-trading solution
• Good customer service
• $500 minimum deposit
• DPS, NAM, and PAMM accounts
• No deposit or withdrawal charges
• Low forex fee
• Clear fee report available
• Platforms can be customized

MultiBank FX Cons or Drawbacks

Some of the exclusive disadvantages are:

• No Scalping isallowed
• Limited trading instruments
• After 3 months of inactivity, you will be charged 60$ per month.
• High stock safety fee

MultiBank FX Trading Hours

The standard trading hours are usually from Monday to Friday and a few instruments vary depending on the availability.

For more details, you can visit the official website of the company.

MultiBank FX Customer Care or Contact Details

• Customer support of the company is available 24 by 5 through several channels. Multilingual customer support is also available.
• Email address – cs@multibankfx.com
• Live chat feature on the official website and the trading platform
• Phone number available on the official page
• Video conference assistance is available via Zoom and Microsoft Teams.

MultiBank FX Safety & Security

The official website of the company is completely reliable and the company promises to offer industry-standard security protocols.

The company also promises negative values protection and the client fund is segregated from the company funds.

The broker is authorized by six governing bodies and the user data is encrypted and is completely secure.

MultiBank FX Rating & Reviews by Top10StockBroker

Based on different users and their experiences below are the company rating and reviews:

MultiBank FX Forex Trading – Conclusion or Verdict

So, from the entire MultiBank FX Review we learn that the tighter spread charges and low minimum deposit fee are the most attractive features of MultiBank FX.

Along with the ease of navigation and proper customer service, opening a live account with the company has become quite easy.

The popular trading platforms on mobile trading applications have been developed for both beginner and expert level traders.

MultiBank FX Forex Trading FAQs

Here is the list of FAQs related to the MultiBank FX:

Is MultiBank FX Safe for Trading?

The broker promises the complete safety of all the Traders’ funds and the personal information of the traders.

The broker is regulated by six top-tier governing bodies thus you are completely safe.

What is the Commission for MultiBank FX?

The commission charges directly depend on the type of trading account that the user is using and the trading instrument.

For the ECN Pro account, $3 is the minimum commission charge and for the other accounts, no commission is charged.

How to Open a Trading Account with MultiBank FX?

To open a live trading account with the broker you have to go to the website, click on ‘open an account, fill out the application form carefully, and complete the KYC process.

Your account will be opened.

Can I invest in Cryptocurrency with MultiBank FX?

Yes, the users are allowed to trade in cryptocurrency via the company. Supported cryptocurrencies include Bitcoin, Ethereum, Litecoin, Ripple.

What leverage does MultiBank FX provide?

The Leverage charge depends on the type of trading account or the instrument that you’re using. The maximum leverage charge is about 1:500.

Does MultiBank FX have a trading app?

Yes, the company has developed a trading application called the MultiBank FX MT5 mobile trading application which is available both for Android and iOS users.

You can download it from the individual application stores.

How to contact MultiBank FX customer care?

There are four ways by which you can contact customer care:

• Email address – cs@multibankfx.com
• Live chat feature on the official website and the trading platform
• Phone number available on the official page
• Video conference assistance is available via Zoom and Microsoft Teams.

Is MultiBank FX Regulated?

Yes, the company is regulated and monitored by six top tier governing bodies that include

• British Virgin Islands financial services commission
• Australian Securities and investment commission
• BaFin for MEX Asset Management
• Spanish commission national Dell mara do de Valores
• Cayman Islands Monetary Authority

Is MultiBank FX good for Beginners?

Yes, the company is completely suitable for beginners as it provides a demo account, user-friendly trading interface, and various other features which are suitable for all types of users.

Who founded MultiBank FX?

MultiBank FX was founded by Naser Taher in 2005 and has its headquarters in Australia, the USA, and Germany.

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