MultiBank Overview

MultiBank FX is one of the biggest foreign exchange as well as CFD brokers. It was founded within California, USA in 2005, MultiBank Group has become an international brand with a substantial capital base and numerous branches throughout the world. The headquarters are located in Hong Kong while other offices are located in 15 different locations around the globe. The brokerage boasts more than 320,000 customers from around 90 nations across the globe.

MultiBank provides ECN trading for more than 1,000 instruments through cutting-edge platforms. It claims that the pricing is derived from more than 20 liquidity sources. MultiBank boasts of having a daily trading volumes of $6.2 billion daily.

MultiBank

MultiBank is pleased to sponsor MultiBank has been proud to have sponsored BMW M Motorsport manufacturing top-quality cars that are used in racing in the automobile. The partnership was prompted because of the same visions that are shared by MultiBank as well as BMW M Motorsport which have performed well both in racing as well as in Engineering. BMW M Motorsport has over 70 wins and has a record of 200 podiums all over the globe from their racing teams.

Since its inception, MultiBank has been recognized many times in the field of brokerage by experts and other reputable organizations. MultiBank has been awarded more than 40 awards, and is still is counting. In 2019 , alone, Multibank won 10 awards. The most notable among them include:

• Best FX & CFD Broker (Europe & Asia) by International Investor Magazine.
• “ECN Broker of the Year”, as voted in International Business Magazine.
• ‘Best Forex Broker 2019’ won at the Forex Expo Dubai.
• ‘Best Forex and CFD Broker 2019’ won at the 16 ^th Jordan Forex Expo & Awards.

MultiBank Broker Awards

MultiBank Regulation

MultiBank Exchange is the trading name of MultiBank Forex Exchange (MEX) Corporation which is incorporated in the USA under the number 3918038.

MEX Australia Pty Ltd (MEX Exchange) is registered in Australia. The registration number is 155 084 038. It is controlled through the Australian Securities and Investments Commission (ASIC). Its license code is AFSO 416279.

MEX Asset Management GmbH is licensed in Germany and is regulated by through the German Federal Financial Supervisory Authority (BaFin). Its license code is HRB 73406.

MEX, Spain is regulated by the National Securities Market Commission (CNMV).

MEX Austria is regulated by the Financial Market Authority (FMA) and has a license number 491129z.

Multibank FX International Corporation is controlled through the Financial Services Commission of the British Virgin Islands (FSC BVI). The license number is SIBA/L/14/1068.

MEX Wealth Management is regulated by the Cayman Islands Monetary Authority (CIMA).

MEX Clearing Ltd UAE is registered in the Ras Al Khaimah (RAK) Free Trade Zone.

Client funds must be separated from the broker’s accounts. This is a legal requirement and MultiBank must comply to this directive. Funds segregation implies that the clients’ funds are not utilized by the broker to fund internal purposes, instead, it is employed for the purposes to which it was intended in the first place, which is to finance clients’ trading operations.

MultiBank Countries

MultiBank does not take customers from the USA or other regions that are in violation of local laws. Certain MultiBank products and features described in this MultiBank review might not be accessible to customers from certain countries due to restrictions imposed by law.

MultiBank Platforms

MetaTrader 4 (MT4) Platform

MT4 is a robust trading platform that is widely used for trading in forex as well as CFD trading. This MT4 platform was first designed in 2005, but has gained global recognition due to its advanced trading tools as well as its advanced trading capabilities. Already many plugin apps are being developed to enhance or extend the features of MT4. MultiBank provides MT4 as WebTrader Mobile apps, mobile applications as well as a Windows desktop applications.

Here are the key characteristics that are part of MT4 the trading platform.

• Live quotes from over 1000 assets in real-time.
• The live charts for all assets in real-time. The types of charts include candles, lines or bar charts.
• The charts of the assets are displayed in 9 timeframes.
• The product comes equipped with technical indicator indicators that could be expanded to thousands by the use of plug-in applications.
• It comes with 24 analytical tools that can be used to aid in the analysis of charts using a technical approach.
• Multiple order executions , including market orders and pending orders.
• Tools for managing risk, such as “Stop Loss Take Profit’.
• It supports one-click transactions.
• Facilitates the development, testing, as well as deployment of Expert Advisors (EAs) that are utilized to automatize strategies.
• Send alert notifications to your SMS, email and pop-ups on platforms.

MultiBank MT4 Trading Platform

Mobile Trading App

It is the Mex trading app for mobile devices is called the MT4 mobile trading app that is available on iOS as well as Android devices. It is available for download through Google Play or the Google Play or Apple store dependent on the model of your device. The mobile app is simple and can be customized. It is a great option for traders that need access to their trading account to make trades and manage them when on the go.

Here are a few key features of mobile trading apps:

• The tab ‘Quotes’ lists all the traded assets with their bid and ‘ask’ price in real-time.
• Orders can be placed via market , or up to four different types of pending orders.
• Live charting available in three chart styles: Line, Bar , and candlesticks.
• 30 indicators of technical quality and 24 analytic objects.
• Charts can be displayed over 9 timeframes ranging from 1 minute until 1 month.
• Price alerts through push notifications.

MultiBank MT4 Mobile Trading App

MultiBank Trading Tools

Multibank Social Trading

Signal providers are traders who can be made by permitting others traders (investors) to replicate their trades, while they get a percentage of profitable trades. Multibank lists signal providers along with their performance data. The investors are able to select a signal company to duplicate trades from. The signal providers decide on the time intervals for payouts as well as the commissions they charge on their service. There are no guarantees regarding the outcomes of copying trading signals from an online trading platform.

MultiBank Social Trading Platform

MAM/PAMM Accounts

It is the Multi Account Manager (MAM) software is made available through MultiBank as an asset manager, who handle several accounts at the at the same time. The program is user-friendly and can support a variety of trading techniques, including expert Advisors (EAs). A manager is able to trade multiple accounts at once using a single Master account. The process of setting up accounts is quick and simple.

Autochartist

This tool continuously monitors markets to provide traders high-quality trading signals. MultiBank offers the Autochartist MT4 plugin application to all customers without cost. The Autochartist informs the trader when patterns in the chart are detected. It also conducts volatility analysis and includes the risk calculator.

MultiBank Autochartist

VPS

MultiBank offers a no-cost VPS (VPS) for all customers who express interest by filling out the request form for VPS. The VPS offers low latency and a an uninterrupted and reliable connection with the servers for trading. A VPS is typically utilized by professional traders that use EAs or other sophisticated trading platforms that need to operate continuously. This is due to the fact that the VPS can operate trading platforms all day long without the need for a computer to be on.

MultiBank Education

It doesn’t offer training resources on their website. There isn’t a trading academy video training or educational resources that could be beneficial to an aspiring trader. A majority of brokers online will offer certain educational resources to trader support, however this isn’t a huge disappointment.

MultiBank Instruments

These instruments are trading on the internet with MultiBank:

• More than 45 Forex Currency Pairs including major, minor and exotic crosses.
• 2 Metals
• Over 1,000 Share CFDs
• 6 Indices
• 3 Commodities

MultiBank Accounts & Fees

It provides three types of accounts that are made to work with using the MT4 trading platform. All accounts have a maximum leverage is 1:500.

• Maximus This is a account specially designed for traders using EAs or scalping strategies. The minimum deposit is $50 , and the spread begins at 1.4 pip.
• MulteBank Pro: This account is ideal for traders who want to experience ECN trading without the needed capital required for trading in this ECN Pro account type. The minimum amount of deposit is $1,000 and the spread is at 0.8 pip.
• ECN Professional: It is the principal account that feeds ECN Raw spreads straight to the platform for trading. The minimum amount for the account is $5,000, while its average spread is 0.1 pip.

Demo accounts are available for free through the internet, on the desktop, and the mobile applications. They are risk-free and includes a virtual balance of $50,000. Demo accounts are a great way to explore the different trading platforms and to practice trading strategies.

Islamic accounts that adhere to Sharia law are available upon demand. They are not subject to swap fees for positions that are held overnight as well as there’s no time limitations on open positions.

An inactivity fee of $ 60 per month is charged to accounts that haven’t been traded for a period of 3 consecutive months.

Since broker fees may vary and fluctuate, there may be additional charges that are not mentioned on the Multi Bank review. It is essential to make sure you read and comprehend all most current information prior to opening your Multi Bank broker account to use online trading.

MultiBank Support

The customer support team is multilingual at Interbank operates on a 24-hour timetable. More than 40 customer support telephone numbers are listed for various countries. If you’d like to get the phone number, submit the ‘Get call back’ form, which is on every website page. You can also fill out the ‘Request video conference request form available on the Contact Us page. For chatting with the customer service representative click the ‘chat now’ button to bring open the chat room on the internet in real time. Chats and Skype calls are also accessible. Support can be reached via email. You can also interact with the broker via social media platforms like facebook twitter, facebook, YouTube, LinkedIn and Instagram.

MultiBank Deposit & Withdrawal

Multi Bank offers customers a range of payment options. The payment options available to customers are contingent on the regulator he chooses to use agency and the their country of the residence. Third party deposits are not allowed. MultiBank brokerage doesn’t charge deposit and withdrawal commissions. There could be fees from payment service providers outside of the company that you need to know about.

The the following payment options are offered:

• Banking transfer The method of payment is widely used. This involves the transfer of money between a customer’s bank account and a MultiBank account. It takes about 3-5 days for the entire process to be completed.
• Credit/Debit card: The major cards accepted are Visa as well as MasterCard. Deposits to cards are processed instantly or, at the very least, after 24hrs. For withdrawals, it takes longer.
• Pay online with HTML0: The ePayment gateways that are accepted include Skrill, Neteller, PayTrust, Perfect Money, NganLuong.vn help2pay, and Payment Asia. All transactions will be processed in 24 hours.

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