MultiBank Review 2019 | Is MultiBank a Scam or Legit Forex Broker?
Read our MultiBank review to find out if MultiBank is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.
MultiBank Overview
At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this MultiBank broker review.
MultiBank Group is one of the leading Forex & CFD brokers worldwide. Founded in the USA in 2005, MultiBank was one of the first in the foreign exchange industry to launch a fully transparent electronic Forex and Financial Derivatives Exchange. Since its inception, MultiBank has evolved into one of the largest online financial derivatives providers.
Combining prime liquidity, cutting edge technology and first-class customer service, MultiBank delivers advanced trading platforms and tight pricing in online ï¬nancial products, including forex, metals, shares, indices, commodities and cryptocurrencies CFDs. MultiBank Group boasts a daily trading volume in excess of US$ 6.2 billion and provides services to an extensive client-base of over 320,000 customers from across 90 countries worldwide.
| # | Broker's Features | MULTIBANK Availability |
|---|---|---|
| # | Commissions | ❌ |
| # | Hedging | ❌ |
| # | PAMM | ❌ |
| # | Scalping | ❌ |
| # | Accepts US traders | ❌ |
| # | 24 hour trading | ✔ |
| # | Swaps | ✔ |
| # | Demo account | ✔ |
| # | Daily analysis | ❌ |
| # | Automated trading | ✔ |
| # | Mobile trading | ✔ |
| # | Trading by phone | ❌ |
| # | 1st deposit bonus | ❌ |
| # | Forex contests competitions | ❌ |
| # | Bonuses Promotions | ✔ |
| # | Interest charges on the balance | ❌ |
| # | Free education | ❌ |
| # | Expert advisors | ❌ |
| # | Partnership programs | ❌ |
| # | Trust management | ❌ |
| # | 24 hour support | ✔ |
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review MultiBank.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. MultiBank offers Online Financial Trading and Investment Services Such as Forex, Metals, Shares, Indices, Commodities, Crypt.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. MultiBank is ECN BrokerEXT_SMALL1.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. MultiBank recommended minimum capital is 50.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. MultiBank is regulated by ASIC, BaFin, FMA, CNMV, FSC, CIMA, RAK. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. MultiBank offers USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD different account currencies for each account types.
Languages Available: Next lets have a look at each broker's different Language options. MultiBank offers English, Spanish, Italian, French, German, Portugu.
Payment methods: Next lets have a look at each broker's payment options. MultiBank offers Credit card, bank wire, Skrill, Neteller, Pay Trus different payment methods for each account types.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, MultiBank makes MT4: ECN Pro, MultiBank Pro, Maximus; MT5; WebTrad available to clients.