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MultiBank Group Review 2021

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MultiBank Group

MultiBank Group was established in the United States, California in 2005, with current headquarters in Dubai. Since its inception, MultiBank Group has evolved into one of the largest online financial derivatives providers in the world. MultiBank Group combines prime liquidity, cutting-edge technology, and first-class customer service. We deliver advanced trading platforms and tight pricing for online financial products, including Forex, Metals, Shares, Indices, Commodities, and Cryptocurrency CFDs. MultiBank Group boasts a daily trading volume of over US$ 7.2 billion and provides services to an extensive client base of over 280,000 customers from across 90 countries worldwide.

MultiBank Group Review

  • Start year: 2005
  • Country of origin: UAE, Dubai
  • Regulation: ASIC, BaFin, BVI, FMA, FSC, CNMV, DFSA
  • Payment options: Visa, Master Card, Wire Transfer, Swift, Moneybookers, Neteller, Skrill, Wire Transfer, Bitcoin
  • Minimum account size: $50
  • Minimum lot size:0.01 lots
  • Leverage: up to 1:500
  • Spreads: starting from 0.0 pips

MultiBank Regulation

MultiBank Group comprises a number of companies which are heavily regulated worldwide by ASIC in Australia, BaFin in Germany, FMA in Austria and CNMV in Spain, DFSA in the UAE, FSC in the British Virgin Islands, CIMA in the Cayman Islands, DFSA in Dubai.

RegulatorsCountryCompany
ASICAustraliaMEX Exchange
BaFinGermanyMEX Asset Management (Germany)
FMAAustriaMEX Asset Management (Austria)
CNMVSpainMEX Spain
FSCBVIMultibank FX International
CIMACayman IslandsMEX Wealth Management (Dormant)
DFSAUnited Arab EmiratesMultibank FX International

ASIC

MEX Exchange โ€“ MEX Australia Pty Ltd (MEX Exchange), with Australian company number (ACN) 155 084 058, is authorized and regulated by the Australian Securities & Investments Commission (ASIC) with AFSL number 416279. MEX Exchange is a registered business name of MEX Australia Pty Ltd.

BaFin

MEX Asset Management (Germany) โ€“ MEX Asset Management GmbH is authorized and regulated by the German Federal Financial Supervisory Authority (BaFin) with license number HRB 73406.

FMA

MEX Asset Management (Austria) โ€“ MEX Asset Management GmbH (Austria) is the Austrian branch of our German asset management company, with License Number 491129z.

CNMV

MEX Spain โ€“ MEX Spain is MultiBankโ€™s Spanish branch based out of Barcelona, Spain, and is regulated by the National Securities Market Commission (CNMV).

Mex Australia Pty Ltd- DIFC Branch

MEX Australia Pty Ltd-DIFC is authorized and regulated by the Dubai Financial Services Authority (registration number F004403).

FSC

Multibank FX International Corporation is authorized and regulated by the Financial Services Commission of the British Virgin Islands (FSC) with license number SIBA/L/14/1068.

CIMA

MEX Wealth Management (Dormant) is our subsidiary in the Cayman Islands, and is regulated by the Cayman Islands Monetary Authority.

DFSA

MEZ Australia Pty Ltd โ€“ DIFC Branch is authorized and regulated by the Dubai Financial Service Authority (registration number F004403)

MultiBank Group Trading Accounts

The MultiBank Group have several account options to suit a variety of needs. It is easy to open a live account and the broker offers negative balance protection and attractive leverage and bonuses across the board.

  • Quick and easy account opening
  • Tightest spreads on award-winning platforms
  • Minimum $50 to open live account
  • Attractive account opening bonuses
  • Negative balance protection
  • Leverage up to 500:1
  • ECN Pro โ€“ The ECN Pro is an MT4 FX account which uses an electronic communication network to match buyers to sellers. The account boasts tight spreads, from zero pips on major forex pairs. The minimum account size is $5,000 with access to the refer a friend scheme and the Imperial Bonus.
  • MultiBank Pro โ€“ MultiBank Pro is the groupโ€™s second MT4 account, with a $1,000 minimum deposit. With spreads from 0.8 pips and a 20% promotional bonus, it is another strong account option.
  • Maximus โ€“ The Maximus account has a low minimum deposit of just $50, all the bonuses offered on the MultiBank Pro account, and an additional 100% bonus making it an appealing option; however, the spreads are consequently higher starting at 1.4.

MultiBank Group Trading Platforms

MultiBank Group offers the industry-favourite MetaTrader 4 and MetaTrader 5 platforms. Both can be installed via the download centre on the groupโ€™s website. Alternatively, the brokerโ€™s web trader solution enables investing from any browser and operating system. MT4: ECN Pro, MultiBank Pro, Maximus, MT5, WebTrader, Mobile App.

Tradable Instruments

MultiBank Group is primarily a CFD and forex broker with over 1,000 tradable instruments available to traders:

  • Metals such as gold and silver
  • Forex including majors and minors
  • Cryptocurrencies such as Bitcoin and Litecoin
  • Shares on major global companies and indexes
  • Commodities including oil and wheat

MultiBank Group Funding

Depositing funds into a MultiBank Group account is an easy and secure process. Funding can be done using a wide range of methods, including credit cards, debit cards, Neteller, Skrill, FasaPay, UnionPay and wire transfers. Withdrawals can be made over the website. MultiBank Group does not impose any minimums requirements on deposits or withdrawals, but the channels themselves may do so.

Contacts

MultiBank Group maintains over 25 offices worldwide, including MEX Fintech (Hong Kong), MEX Exchange (Australia), MEX Asset Management (Germany), MEX Asset Management (Austria), MEX Spain, MultiBank Forex Exchange (USA), MultiBank LATAM (Mexico), MEX Group (China), MultiBank Vietnam, MultiBank Philippines, MultiBank Malaysia, MEX Australia Pty Ltd-DIFC Branch (UAE), MultiBank MENA (UAE), MEX Clearing (UAE), MultiBank Kuwait, MEX Prime (Cyprus), MEX Financial Technologies (Turkey), MultiBank FX International (BVI), MBG (BVI) and MEX Wealth Management (Cayman Islands).

MultiBank Group was established in the United States, California in 2005, with current headquarters in Dubai. Since its inception, MultiBank Group has evolved into one of the largest online financial derivatives providers in the world.

Overall Rating

5

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FAQ

Is MultiBank Group Regulated?

MultiBank Groupย comprises a number of companies which are heavilyย regulated worldwideย by ASIC in Australia, BaFin in Germany, FMA in Austria and CNMV in Spain, DFSA in the UAE, FSC in the British Virgin Islands, CIMA in the Cayman Islands, DFSA in Dubai.

Where Is MultiBank Group located?

MultiBank Groupย ย was established in California, USA in 2005 with itโ€™s current headquarters in Dubai, UAE.

What Trading Platforms Does MultiBankFX Use

MultiBank FX work with MetaQuotes to provide MT4 and MT5 trading platforms. Both are also available as downloadable mobile apps.

Does MultiBank Group Offer Demo Account?

MultiBank FX offers a demo account with a $100,000 virtual opening balance and simulated real-time trading. Head to the brokerโ€™s website to sign up for the practice account

Minimum Deposit In MultiBank Group

MultiBank FX minimum deposits are low, starting from just $50 on their Maximus account.

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