Multibank: Comprehensive Broker Review and Analysis

Foundation	2005
Trading platforms	MT4, MT5
Accounts	Pro, ECN, Standard, Demo
Account currencies	USD, EUR, GBP, JPY, CHF, AUD, NZD, CAD
Withdrawal	Bank transfer (SWIFT), Visa and Mastercard credit cards, Neteller, Skrill, FasaPay, Perfect Money, Payment Asia, PayTrust, FxBit, GlobePay, Thunder X Pay
Minimum deposit	USD 50
Leverage	Up to 1:500
Minimum order	0.01
Commission	From 0.0 pips
Restricted countries	North Korea, Iran, Russia, Myanmar, Japan, Ukraine, the United Kingdom, and the United States.
Instruments	45 currency pairs, metals, stocks, indices, commodities, and cryptocurrencies
Margin Call/Stop Out	100/50%
Mobile Trading	Yes
Affiliate Program	Yes
PAMM Accounts	Yes
Bonuses	20% Multibank Bonus

Benefits

• The company is closely supervised by 11 financial regulators around the world in various jurisdictions, ensuring investor protection. 
• Over 20,000 CFD products from six different asset classes, including Forex, metals, commodities, indices, and cryptocurrencies.
• Lowest spreads, starting from 0.0* pips on Forex and $0.07 on gold.
• 24/7 dedicated multilingual customer support.
• 24-hour withdrawal guarantee.
• Zero commission trading.
• Negative balance protection.

Available assets

The multibank broker offers numerous assets and financial instruments for investment through derivatives: forex, metals, stocks, indices, commodities, and cryptocurrencies.

Forex

Through Multibank FX you can access CFDs on 55 major currency pairs with spreads starting from 0.1 pips.

Metals

Multibank Group offers you gold, silver, and other metals with which you can identify new investment opportunities and with very narrow spreads starting from 2 cents.

Actions

The Multibank broker offers investment options through CFDs on about 20,000 stocks. These include shares of all companies on the world’s major stock exchanges.

Indices

With Multibank you can manage major indices from all over the world such as Nasdaq, DAX, Wall Street, Ibex 35, etc.

Commodities

Multibank allows you to invest with CFDs in the main commodities: energy and agricultural raw materials.

Cryptocurrencies

This broker also includes CFDs on major cryptocurrencies: Bitcoin, Ethereum, Ripple, Stellar, Little Coin, etc.

Overview of Multibank trading account options and conditions

Various trading conditions

Transaction Fees	ECN Pro account stands out for offering commissions of $3 per lot on Multibank Forex and CFDs on the S&P 500 and Europe 50, with competitive spreads such as 0.1 pips for EUR at peak times, reflecting a very competitive offer for active traders.
CFD Rates	As for CFDs, MultiBank broker offers favorable conditions for stock indices with straightforward commissions and tight spreads. It is important to note that the commission structure varies by asset type, with equity CFDs being more expensive compared to indices and Forex.
Non-Commercial Fees	MultiBank distinguishes itself by not imposing account maintenance or withdrawal fees, which improves accessibility and reduces costs for users. However, the inactivity fee of €60 after three months without trading can be considered high and is a factor to consider for less active traders

Commissions and spreads in trading start with very low figures, although sometimes they end up with larger figures.

• CFDs on currency pairs start with a spread of 0.1 pips, although, for example, GBP – USD has a spread of 9.6 pips.
• In the case of metals, the spread for gold – USD starts at 0.35 pips and for silver – USD starts at 0.0265.
• Stocks have very variable spreads that start at 0.05 points and in indices the spread for the S&P500 is 0.90.

Types of accounts

Account type	Conditions
Standard	With a minimum initial deposit of $50, spreads as low as 1.5 pips, leverage up to 1:500 and social trading available, the Standard account is ideal for IBs and traders who want a simple trading experience.
Pro	With a minimum initial deposit of $1000, spreads from 0.8 pips, leverage up to 1:500 and social trading available, the Pro account is ideal for traders who wish to access an ECN that does not require high investments.
ECN	With spreads from 0.0 pips (the tightest in the industry), minimum initial deposit of $5000, leverage up to 1:500, and social trading available, top traders receive raw price information through the ECN connection.
Demo	When clients open a demo account with MultiBank, they are offered $100,000 in virtual money to help them gain trading experience without taking risks.

Multibank Broker also offers Islamic accounts for swap-free trading, as mandated by Sharia law. To do this traders who want to open an Islamic account need to contact broker Multibank customer service and request the service from there.

Web platforms

MultiBank broker provides access to the MetaTrader 4 and MetaTrader 5 platforms, thereby covering a wide range of traders’ needs, from basic trading to advanced features such as algorithmic trading. These platforms are highly regarded for their customizable interface and multilingual capabilities, allowing users around the world to work comfortably and efficiently.

Available Platforms	MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
Customization	High, with advanced options for graphics and workspace
Languages	More than 30 languages, including English, Spanish, Chinese and Russian
Security	One-step MultiBank login (two-factor upgrade recommended)
Notifications and Alerts	Available only in the desktop version

Mobile trading

MultiBank offers access to the popular MT4 and MT5 platforms on mobile devices, allowing traders to access financial markets anytime, anywhere. The apps are available for both iOS and Android, ensuring broad compatibility.

Investment programs

MultiBank offers opportunities to customers seeking additional income through its affiliate program. The company offers traders a great opportunity to work through a social network and benefit from the knowledge of trading experts. They can receive passive income by copying the transactions of successful traders, or, conversely, become signal providers.

Pros and Cons of Multibank Trading Services

Advantages

• Ability to trade from professional ECN accounts with floating spreads as low as 0.1 pips;
• MT4 and MT5 trading platforms, mobile applications, and web platforms compatible with various operating systems and browsers;
• Various options for passive earnings, including a service for copying trades, PAMM and MAM accounts, EA, free VPS, API, and an affiliate program;
• ECN account spreads start from 0 pips.

Disadvantages to consider when trading with Multibank

• Lack of micro accounts (Cents);
• Trading restrictions on scalping.

Trading account opening

Opening an account with a MultiBank partner is very easy. The broker accepts clients from all over the world, with some exceptions such as the USA and Hong Kong. The minimum deposit ranges from $50 to $5000 depending on the type of account. Registering your email address, filling out the necessary forms, and scanning and submitting the required documents takes about twenty minutes. 

To open a live account with MultiBank, you need to follow the following steps:

1. Select the regulator.
2. Select the type of account.
3. Add personal information, email address and country of residence.
4. Complete an assessment.
5. Confirm your identity and residence.

Deposit and withdrawal

There is no cost to withdraw money from the MultiBank account. Customers can use the same withdrawal options they use to make deposits (bank transfers, credit and debit cards, e-wallets, and cryptocurrencies). Customers can only withdraw money in the name of the account holder.

Withdrawals take up to 24 hours to be processed. To do so, customers must follow these steps:

1. Log in to MyMultiBank;
2. Go to the “Withdrawal” section;
3. Select a trading account;
4. Indicate the reason for the withdrawal;
5. Enter the amount of the withdrawal;
6. Select the withdrawal method;
7. Start withdrawal.

Educational materials

There are a total of 10 training courses with free access for everyone, available from the web, and are made up of 68 individual lessons: Learn The Basics with 6 lessons; Trading Terms with 5 lessons, an in-depth course of Trading Strategies, a course for beginners, MetaTrader Tutorials for both web and mobile and much more. 

The e-books also emphasize the study of technical analysis and focus on the psychology of trading, which is essential to guarantee long-term success in the market.

Security

MultiBank exchange group is regulated by some of the world’s most respected financial authorities, including ASIC (Australia), BaFin (Germany), FMA (Austria), CNMV (Spain), and others. This global regulation not only underlines MultiBank’s reliability as a broker but also provides an additional layer of security to investors, knowing that they are trading with an entity that meets high international standards.

Collaborating with Lloyds of London to secure customer funds up to €1 million is a key differentiator for MultiBank exchange. This protection measure is particularly notable, as it surpasses the insurance offerings of many other brokers and demonstrates MultiBank’s commitment to the security of its clients’ funds.

Negative balance protection ensures that clients cannot lose more money than they have deposited in their trading account, a crucial aspect of security for traders of all levels.

Support

It should be noted that when we test a broker’s customer service, we evaluate the agent’s knowledge of their website, the time it takes them to answer questions, and how detailed their answers are. As a result, agents generally had the necessary knowledge and responded quite politely.