MultiBank Review 2023
MultiBank Review 2023

I find it a bit too much and too early compared to the industry average, but it should not be a deal breaker as almost any trader is going to make at least one trade in three months. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Educational content at MultiBank is limited to a series of basic videos and ebooks powered by MTE Media, which are available on a new dedicated education section on the broker's website. I was pleased to see this new educational portal, and I’m looking forward to seeing more content from MultiBank. That said, this broker still has a long way to go if it wants to compete with the best brokers for education.

The reality is that only 1042 markets are available by default on its MetaTrader and cTrader platforms. This frustrating process is at odds with how most brokers deliver investment products. The best forex brokers make all markets available directly within the trading platform, making it far easier to find trading opportunities.


Two unique features I want to note are free VPS hosting and FIX API trading. The former supports algorithmic trading, which accounts for 80% of all trades at this broker. The latter allows for the connection of advanced trading solutions to the competitive MultiBank Group trading environment. MultiBank Group offer a choice of 55+ currency pairs, 5 cryptocurrency pairs, 6 commodities, 6 index CFDs, 15,000+ equity CFDs, and 13 index futures.

  • The institutional programs of the MultiBank Group include a representative broker, an affiliate program, a white label, Prime of Primes and a franchise partner, all designed exclusively for your company.
  • Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
  • However, the vast majority of MultiBank’s listed offering is unavailable when first logging into the broker’s available platforms.
  • He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.
  • I always recommend that traders check them before evaluating the total trading costs.
  • An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Though MultiBank does host a YouTube channel, most of its videos are promotional in nature and fail to engage in actual market analysis (and the channel itself is not very active). There are also a handful of themed landing pages that cover certain assets (for example, stock CFDs for popular shares like Tesla), as well as some related news headlines and Analyst Ratings powered by TradingView plugins. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Mobile Trading Apps

One of the most widely ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. I also like the transparency concerning the paid-up capital at MultiBank Group, which stands at $322 million. Traders get negative balance protection, which I find paramount for leveraged trading, and all client deposits remain segregated from corporate funds. We are on a mission to familiarize investors with one of the best trading platforms to enhance their wealth with a secure investment.


The Pro account requires a $1,000 minimum deposit but features lower spreads than the Standard account. The lowest spreads available at MultiBank are featured on its ECN account offering, which requires a $5,000 minimum deposit and charges a small round-trip commission of $3 per trade. Opening an account at MultiBank Group takes only a few seconds and requires a name, e-mail, and valid mobile phone number. MultiBank will send an OTP via SMS, which is necessary to complete the process.

The same funding options available for deposits can be used to withdraw funds at MultiBank. Though processes may vary depending on the MultiBank Group entity that holds your account, withdrawals typically require a withdrawal request form. On the negative side, the broker’s market research offering is unimpressive and educational content is minimal; MultiBank’s poor performance in these important categories drags down its Overall rating. A generous bonus offering adds to the benefits available at MultiBank Group, which is one of the best overall brokers for committed traders.

The institutional programs of the MultiBank Group include a representative broker, an affiliate program, a white label, Prime of Primes and a franchise partner, all designed exclusively for your company. Users will get 24/7 customer support from our dedicated managers in multiple languages. Our platform has an intuitive user interface, which delivers a seamless user experience. MultiBank Group was founded in 2005 and today employs over 600 staff globally. According to MultiBank Group's website, the broker is well-capitalized with over $322 million in paid-up capital. To learn more about using MT4 or MT5 on your mobile device, read our MetaTrader guide or our MetaTrader 5 guide.

Overview of Trading Platforms

Pro is available from $1,000, a high demand, but it cuts trading fees by almost 50%. The best trading conditions exist in the ECN option, but traders must commit $5,000, which may be high for some. Both are readily available online from trusted sources, but MultiBank Group does cater to beginner traders, and it would be nice to see some educational offerings. However, this should not be a deal breaker for anyone as there is plenty of good free educational material available widely on the internet, MultiBank also offers newsletters weekly.

You’ll also need to specify some trading account settings, answer suitability questions, and provide proof of identity (such as a Passport or other Government-issued ID) along with proof of address. has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each limefx website year, we collect thousands of data points and publish tens of thousands of words of research. All content on is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.


The spread you’d end up paying to trade eight million units of currency will end up being greater than the deposit bonus. There is a free offering of MT4/MT5 demo accounts for all three account types, with no time limit listed. The demo account is ideal for testing trading strategies and algorithmic trading solutions/EAs. The flexibility of the MT4/MT5 demo account option can create trading conditions as close as possible to live accounts, but no demo can substitute the experience and emotions of live trading. I like the low swap rates at MultiBank Group, and together with other trading costs, this broker offers traders one of the lowest overall trading costs.


At, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). The minimum deposit for the MultiBank Group Standard account is $50 or a currency equivalent. I like the choice of trading instruments at MultiBank Group, ideal for all types of traders.

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