Pros
  • Quick and easy account opening
  • Free and varied deposit and withdrawal options
  • Fast and helpful customer service
Cons
  • Inactivity fee
  • Limited product coverage
  • Poor research and educational tools

Reviewed forex broker: MultiBank FX

Established in 2005 in California, USA

Location: MultiBank maintains over 15 offices worldwide, including MEX Fintech (Hong Kong), MultiBank Forex Exchange (USA), MEX Exchange (Australia), MEX Asset Management (Germany), MEX Asset Management (Austria), MEX Spain, MEX MENA (UAE), MEX Clearing (UAE), MultiBank LATAM (Mexico), MEX Group (China), MultiBank Vietnam, MEX Prime (Cyprus), MultiBank FX International (BVI) and MEX Wealth Management (Cayman Islands).

With a current paid up capital of over US $322 million, the MultiBank services over 320,000 customers from across 90 countries worldwide.

Regulation: ASIC in Australia, BaFin in Germany, FMA in Austria, CNMV in Spain, FSC in the British Virgin Islands, CIMA in the Cayman Islands and RAK in the UAE

Trading instruments: Forex, Crypto, Indices, CFDs, Commodities, Shares

Cryptocurrencies:  Bitcoin, Ethereum, Ripple and Litecoin

Advantages of MultiBank Forex Broker

  • 40+ awards, including WORLD’S NO.1 FINANCIAL BROKER 2023, BEST GLOBAL FINANCIAL BROKER FOREX TRADERS SUMMIT DUBAI 2023, FINTECH & CRYPTO SUMMIT BAHRAIN 2023
  • Tightest spread in the industry with the most stable trading platforms
  • Pure ECN processing with direct access to over 20 Interbank trading prices
  • Tailored financial services for Introducing Brokers including, but not limited to, 24/5 support and the development of customized account opening applications and trading back offices
  • Two way 5 figure raw interbank price feeds with Instant sub-second trade capture/execution
  • No price slippage on displayed prices when deals are being executed
  • Complete transparency of market with only the best bid/offers being displayed
  • Risk Management, Decision Support Tools, Dynamic position tracker, Point-and-choose position closeout and Back-office suite with strategic design and user-friendliness for the convenience of our valued clients and partners
  • Award-winning MT4 & MT5 Platforms recognized for excellence in technology and liquidity
  • Negative balance protection
  • No trading restrictions on EA
  • Up to 500:1 leverage
  • No requotes
  • No rejections
  • Free MAM, PAMM, VPS, API
  • Client funds security 
  • Fully segregated client bank accounts

MultiBank Trading Conditions and Features

SOCIAL TRADING

Signal Providers already have a proven track record of stellar trading performance. Copy their trades and leave the professional trading decisions to them.

  • Copy profitable trade from the best performing traders in the industry
  • Automatically copy signals from the most profitable accounts
  • Learn how Signal Providers trade with success

Account Types

LIVE ACCOUNT

MultiBank offer customers direct access to banks and exchanges through its advanced trading platforms

DEMO ACCOUNT

  • Open a free demo account in 3 easy steps
  • Practice trading on a free account with zero risks
  • $50,000 virtual opening balance
  • Trade on real market conditions
  • Trade on desktop, mobile device or online

ISLAMIC ACCOUNT

For the Islamic customers, MultiBank has structured an account for any client to waive all swap charges/credits in their account. MultiBank’s Islamic Accounts (also known as ‘Swap Free Accounts’) do not swap or rollover interest on overnight positions, which is against the Islamic faith.

Account base currencies: USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD

MultiBank provides forex trading in over 45 currency pairs including majors, cross currencies and exotic currencies.

Spreads: Tight spreads from 0.1 pips

FX SPREAD TABLE

Please see below MultiBank’s forex spreads review

Currency PairsECN ProMultiBank ProMaximus
EUR/USD0.10.81.5
USD/JPY0.211.6
AUD/USD0.211.6
GBP/USD0.31.11.7
USD/CHF0.31.11.7
USD/CAD0.31.11.7
NZD/USD0.31.11.7
EUR/JPY0.31.11.7
EUR/CHF0.41.21.8

 Leverage up to 500:1

Up to 5 levels of Market Depth

No restrictions on EA

Negative balance protection available

Guaranteed no price slippage, no requotes and no rejections 

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

Trading Platforms

MT4 TRADING PLATFORM

MetaTrader 4 (MT4) has become one of the most popular trading platforms, offering leading trading and analytical technologies. Millions of traders choose the MT4 platform due to its extensive features, where they can easily analyze financial markets, execute advanced trading operations, copy trades of successful traders and much more!

MT4 PLATFORM FEATURES

Tradable products: Forex, Metals, Shares, Indices, Commodities, Cryptocurrencies

  • Execution Type: Market Order
  • Market depth of latest price quotes
  • Alert notifications to track important market events
  • 80+ technical analysis indicators and analytical tools
  • Maximum Lots per Click: 30 for FX; 10 for Metals; 5 for Shares, Indices, Commodities, and Cryptocurrencies
  • Minimum Lots per Click: 0.01 for FX & Metals; 0.1 for Shares, Indices, Commodities, and Cryptocurrencies

MT5 TRADING PLATFORM

MetaTrader 5 (MT5) trading platform meet the growing demands of brokers and traders. MT5 Platform offers all the various features provided by the MT4 platform, and in addition provides additional features such as improved trading functionalities and enhanced scripting tools for custom indicators and expert advisors.

MT5 PLATFORM FEATURES

Tradable products: Forex, Metals, Shares, Indices, Commodities, Cryptocurrencies

  • Execution Type: Market Order
  • Market depth of latest price quotes
  • Alert notifications to track important market events
  • 80+ technical analysis indicators and analytical tools
  • Maximum Lots per Click: 30 for FX; 10 for Metals; 5 for Shares, Indices, Commodities, and Cryptocurrencies
  • Minimum Lots per Click: 0.01 for FX & Metals; 0.1 for Shares, Indices, Commodities, and Cryptocurrencies

MULTIBANK TRADER 4

MultiBank Trader 4 is the ultimate platform that provides users with a range of features for a seamless and efficient trading experience.

Advanced Trading Tools

Access technical indicators, trading signals

One-Click Trading

The fastest execution for traders

User-friendly Interface

Designed to make navigation easy for users

Expert Advisors

Full EA functionality to automate your trading strategy

Access to Multiple Markets

Available for Forex, Shares, Indices, Metals, Commodities and Digital Assets

Multiple Order Types

Offering various order types such as market, limit, stop-loss, and take profit orders to manage your trades

Customizable Charts

Customize charts to suit your trading strategy and analyse price movements

Real-time Market News

Including the latest news and economic calendar

Secure and Reliable

Your data and your trades are safe with us!

Multi-Account Management

Manage multiple account from one place

MULTIBANK TRADER 5

MultiBank Trader 5 App is an advanced trading platform that allows you to access multiple markets and trade a variety of instruments such as Forex, Metals, Indices, Metals, Commodities and Digital Assets. With its user-friendly interface and powerful analytical tools, this platform is perfect for both beginner and professional traders.

Payment Options for Funding and Withdrawal

Minimum deposit amount is US$50

MultiBank offers a wide selection of instant, simple and secure payment options for deposits and withdrawals
Choose your payment option here to fund your trading account

 Various funding methods including: credit card, wire transfer, Neteller, Skrill.

Trading Competitions and Promotions 

100% BONUS

Earn up to $20,000 on double bonus when you deposit and meet the basic trading requirements below. 

CUSTOMER SERVICE

24 hour professional first class customer service in 10+ languages for IT and operational support including service desk, on-boarding and configuration and cash management.

How was the rating of MultiBank performed compared to other brokers? 

This 2023 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on MultiBank FX broker performance and features. 

Overall our online MultiBank review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online MultiBank or you find inaccurate details MultiBank broker review please get in touch with us and the changes will be applied.  

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Regulation: Financial Conduct Authority UK (FCA), Financial Services Commission of Mauritius FSC, Financial Services Authority of Labuan LFSA, Financial Services Authority of Saint Vincent and the Grenadines SVGFSA, Financial Sector Conduct Authority (FSCA) of South Africa

Regulation: FSA is the financial services regulator in Seychelles

Regulation: Financial Conduct Authority FCA UK, Cyprus Securities and Exchange Commission Cysec, Cayman Islands Monetary Authority CIMA, Dubai Financial Services Authority DFSA, Saint Vincent and the Grenadines VGFSA

Regulation:  Republic of Seychelles, Financial Conduct Authority (FCA) UK

Regulation: FSC Financial Services Commission of the Republic of Mauritius

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