Table of Contents
✔️Overall Rating
4/5
💲Minimum Deposit
$50
💻Trading Platform
MT4 Platform
MT5 Platform
MultiBank Trader 4
MultiBank Trader 5
Web Trader MT4
Web Trader MT5
Social Trading
🏟️Regulation
ASIC – Australia
BaFin – Germany
CIMA – Cayman Islands
CySEC – Cyprus
DFSA – Dubai
FSC – BVI
FMA – Austria
MAS – Singapore
TFG – Tianjin
VFSC – Vinatu
🤑Bonuses
20% Deposit Bonus
CashBack
About MultiBank Group
MultiBank Group was established in the United States, California, in 2005 with headquarters in
Dubai. Since its inception, it has evolved into one of the largest online financial derivatives providers in the world. MultiBank has an extensive client base of over 1,000,000+ customers from across 100 countries. With over 25 branches around the world, a record-breaking financial balance of a daily turnover of US$12.1 billion, and a current paid-up capital of over $322 million.
MultiBank Group is comprised of several entities that are heavily regulated across 5 continents by 11 financial regulators. This ensures that our clients get full transparency and security of funds.
Safety of Funds
According to MultiBank, MEX Atlantic has taken out an insurance policy with Lloyd’s of London, the world’s leading insurance market, that protects clients’ funds for up to USD $ 1 million per account.
Clients’ funds are kept in segregated client accounts, which means separate client accounts without merging client and company investments, giving clients ultimate investment safety.
MultiBank Group 2023 Awards
In 2023, MultiBank Group was recognized by the global financial industry for its efforts in providing premium-level service as a broker. MultiBank Group has won a variety of awards such as
- Best Global Financial Broker 2023 by Forex Traders Summit Dubai
- Best Gold Broker 2023 by FX Empire
- Chairman of the Year 2023 by Le Fonti Awards Dubai
- Leading Financial Derivatives Institution 2023 by Le Fonti Awards Dubai
- Best Forex Broker 2023 by Fintech & Crypto Summit Bahraina
- The Most Trusted Broker in the Middle East 2023 by Ultimate Fintech
Regulations
MEX AUSTRALIA (MEX EXCHANGE)
MEX Australia Pty Ltd (MEX Exchange) 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.
MEX DIGITAL PTY LTD (AUSTRALIA)
MEX Digital Pty Ltd is licensed by ASIC as a Corporate Authorised Representative (AFS Representative Number 001285048) of Mex Australia Pty Ltd (AFSL 416279) and is registered as a Digital Currency Exchange with AUSTRAC with Registration No.
MEX ASSET MANAGEMENT GMBH
MEX Asset Management GmbH is authorized and regulated by the German Federal Financial Supervisory Authority (“BaFin”) with license number HRB 73406.
Please click on the following link for a list of regulated activities performed by MEX Asset Management GmbH
MEX ATLANTIC CORPORATION
MEX Atlantic Corporation is authorized and regulated by the Cayman Islands Monetary Authority (“CIMA”) with license number 1811316.
MEX EUROPE LTD
Mex Europe LTD is authorized and regulated by the Cyprus Securities and Exchange Commission (“CySEC”) with License Number 430/23.
MEX GLOBAL FINANCIAL SERVICES LLC
MEX Global Financial Services LLC of the UAE is regulated by the Securities and Commodities Authority of the UAE, as a Category 1 Trading Broker for Over-the-Counter Derivatives Contracts and Foreign Exchange Spot Markets, under ESCA license number 20200000045.
MULTIBANK FX INTERNATIONAL
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.
MEX AUSTRIA
MEX Asset Management GmbH-Austria branch is authorized and regulated by the Financial Markets Authority (“FMA”) with license number 491129z.
Please click on the following link for a list of regulated activities performed by MEX Asset Management GmbH
MEX GLOBAL MARKETS PTE. LTD
MEX Global Markets PTE. LTD. is authorized and regulated by the Monetary Authority of Singapore (“MAS”) with license number CMS101174.
IKON FINANCIAL SERVICES CORPORATION LTD
Ikon Financial Services Corporation Ltd is regulated by the Tianjin Financial Government (“TFG”) under the registration number 120000400121019.
MEX PACIFIC
MEX Pacific (V) Ltd is authorized and regulated by the Vanuatu Financial Services Commission (“VFSC”) with license number 700443.
MultiBank Features
Broker | MultiBank |
Regulation | ASIC – Australia BaFin – Germany CIMA – Cayman Islands CySEC – Cyprus DFSA – Dubai FSC – BVI FMA – Austria MAS – Singapore TFG – Tianjin VFSC – Vinatu |
Restricted Countries | – |
Islamic Account | Yes |
Demo Account | Yes |
Joint Account | Yes |
MAM and PAMM managed accounts | Yes |
Account opening process | 2- 10 mins |
Max Leverage | 1:500 |
Account Opening Bonus | No |
Spread | Standard from 1.5 pips Pro from 0.8 pips ECN from 0.0 pips |
Commission | Standard $0 Pro from $0 ECN $3 may be charged |
Account Base Currencies | USD, EUR, GBP, AUD, CAD, CHF, AED, NZD |
Instruments | 40+ Currency Pairs 20,000+ Shares 22+ Indices 11+ Cryptocurrencies 11+ Commodities & 4+ Metals |
Minimum Volume | 0.01 |
Maximum Volume | – |
Execution Type | Market Marker |
MAM/PAMM Account | Yes |
Negative Balance Protection | Yes |
Margin Call/Stopped Out | 100% / 50% |
Hedging/EA/ Scalping | Yes – Forbid trades that last 10 secs |
Social Trading | Yes |
Swap Free | Yes – Standard and Pro account (Specific Muslim Countries) |
Free VPS | Yes |
Trading Platform | MT4 Platform MT5 Platform MultiBank Trader 4 MultiBank Trader 5 Web Trader MT4 Web Trader MT5 Social Trading |
Deposit Methods | Visa, Mastercard, Bank Transfers, Neteller, Skrill, Sepa, Praxis, Bitcoin, Tether, myFatoorah, Pagsmile, Paytrust, Pluswallets, Thai QR Payment, PaymentAsia, Globepay, korapay, Boleto, PayRetailers, Pix, SPEI, Dragonpay, GcCash, Astropay, Network, WorldCard |
Withdrawal Methods | Bank Wire Transfer, Credit Cards, Dragon Pay, Crypto, Globepay, Neteller, Paytrust, Pix(Brazil), Skrill, Perfect Money |
Withdrawal Execution | 1 Business day |
Customer Service | 24/7 |
Customer Support Languages | 14+ Customer Support Languages |
Education Materials | Yes |
Autochartist | Yes |
MultiBank Account Type

MultiBank Application Form

MultiBank Pros & Cons
👍Pros | 👎Cons |
---|---|
– The most heavily regulated forex broker – Multi-currency accounts available – 2 mins account opening process – Same-day withdrawal – Low opening deposit – Tier 1 Banking – Reputable – Operates a regulated crypto exchange in Australia – Options to earn additional money on the side with MAM, EA, API, and Affiliate Program – Negative Balance Protection – 24/7 customer service in different languages – Funds are held in segregated accounts to protect your assets. – Autochartist Available – Fundamental and Technical Analysis | – Restriction on Scalping – Spread is high on Standard Account compare to the industry standard – $10,000 deposit is required for ECN Account – Educational materials are minimal – No FAQ on the website – Different jurisdictions, means different – Inactive Fees after 13 months |
MultiBank YouTube Channel
Conclusion
MultiBank Group’s is the only broker that holds multiple regulatory licenses, including Tier-1 licenses in Singapore and Australia. This broker also holds a cryptocurrency exchange license in Australia.
MultiBank website has limited information due to the lack of an FAQ section. The ECN account is too pricey compared to the industry standard. Educational materials are limited and not detailed, although the broker is making efforts on this by regularly posting analyses on its YouTube channels.
It is also worth mentioning that, there is an inactive fee, which is charged after 13 months of inactivity. On the bright side of this, there is a 20% promotional deposit bonus. If you deposit $10,000 into your trading account, you will receive a $2,000 promotional deposit bonus. This promotion is only available on the Pro and Standard Accounts, and not on its ECN Account.
Check out other recommended broker’s review here ==>> Forex Brokers Review