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MultiBank Group Review 2021 How Good Is This Broker?

If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you won’t have to pay a conversion fee. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Note that the content on this site should not be considered investment advice. This site is not intended limefx forex brokers reviews for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive a commission from the companies we feature on this site.

That tells us the broker truly cares about the service it provides and the customers it offers it to. The last significant advantage we want to talk about in this part of our MultiBank Group review is its promotions. Namely, the broker has a diverse set of bonuses its users can claim to bolster their funds.

When trading at that volume, you can easily end up earning (or losing) far more than the initial deposit bonus amount. The spread you’d end up paying to trade eight million units of currency will end up being greater than the deposit bonus. Yes, deposit bonuses offered by MultiBank Group are legit, but that doesn’t necessarily mean you’ll be able to redeem them. Such bonuses come with steep volume requirements that must be met before redemption is allowed, and it’s possible for your losses to far offset the amount promised by the bonus.

Who Is MultiBank Group Recommended For?

MultiBank has first-class customer support with friendly and responsive agents ready to assist their clients 24×7 via live chat, email support ([email protected]), phone support, or WhatsApp. Navigate to the Support page to choose a convenient method, or use the sidebar to get direct access to the customer support options. Expert Advisors (EAs) are integrated into the MultiBank MT4 and MT5 platforms without any restriction to perform automated forex trades and orders. Expert Advisors monitor everything from support and resistance levels and indicators to multiple timeframes to maximize gains. With the help of the sophisticated trading environment offered by MultiBank, the Expert Advisors software detects the best trading patterns. It executes trades based on the instructions given by the traders.

  • They took me for a fool but I got my money back, if you traded with this company, there is absolutely nothing the authorites can do to help.
  • The award-winning platform was created with the goal of making trading more intelligent, simple, and intuitive.
  • Check out the current account balance requirements at MultiBank in our What is the minimum account balance at MultiBank article.
  • MultiBank Group levies a $60 monthly inactive fee after three months, which active traders will never face.

Moreover, the pending order will be automatically canceled if the margin level is not enough for the transaction. Make sure to pick the regulator you are most comfortable with or you are required to pick due to your address. You can submit your government-issued ID, Driver’s License, and passport as proof of identity.

Commissions & Fees

Various bonuses and promotions can make an experience with a broker much more pleasant and profitable. However, most firms tend to stop at basic promotions, such as deposit matches and welcome bonuses. However, MultiBank Group has a ton of various bonuses that can gather you thousands of dollars in total. Naturally, getting the max out of them takes a fair bit of money or effort, but they’re worth it. As such, no matter your budget, the broker’s bonuses can bolster your trading funds significantly.

Information regarding a business’s commitment to promoting ethical trade throughout their supply chain will be shown here, if applicable. You can trade a huge selection of over 20,000 instruments including Forex, Metals, Shares, Indices, Commodities and Cryptocurrencies. There is something for everyone to trade, regardless of your interests. I think most of you will be able to build a diversified portfolio with various asset classes to choose from. Select one or more of these brokers to compare against MultiBank.

News on Rio Tinto: Production and Guidance Update

The platforms at hand are MetaTrader4 and MetaTrader5, both belonging to the top-tier of trading software. Most traders have already encountered one or both, as they’re among the top trading platform for online brokers. They’re both intuitive interface-wise yet offer complex trading features, thus fitting beginners and veterans well. The software also comes in web and mobile forms, bringing increased convenience to users. FIX API offered by the MultiBank Group is a unique turnkey solution for high-volume and institutional clients looking for direct access to the financial market.


Funders can re-evaluate their business tactics, exiting the business leading to the closure of the supply chain finance curriculum, and the buyer is left without financial support. You might even bring in some cash on exchanges at first and will not have any withdrawal option. This is the basic issue with brokers like MultiBank Group, who are unregulated. MultiBank Group is not a legit broker but an unregulated site, which has proactively been uncovered as a scam by various review sites. No matter where you look, it’s difficult to find something you wouldn’t enjoy with the broker.

MultiBank withdrawal fees and options

There are different deposit methods, including instant payments, bank transfers, crypto payments, and SEPA, with variable minimum deposit requirements and charges. For instance, users within the Eurozone can deposit funds using SEPA with a minimum deposit of €250. On the other hand, crypto payments are done instantly using digital wallets that support BTC, USDT, ETH, and more. According to several MultiBank Group reviews, you may have to wait several business days for your payment.

MultiBank Group Withdrawal

Thanks to the adoption of Zero Commission Trading and Negative Balance Protection, they have earned a well-deserved reputation as one of the most trustworthy brokers on the market. I had no trouble choosing the best trading strategy because of the accessibility of efficient trading tools. This platform well-deserves a 5-star rating for its outstanding performance! The MetaTrader platforms are already stacked with loads of tools for conducting thorough market analysis and for managing your trades effectively. You can also find plenty more free and paid tools from the MQL marketplace which you can access directly from within the platforms.

Fourthly, the MT5 account, as you might have guessed from the name, allows you to trade with MetaTrader 5, which is an even more advanced version of MT4. Tradable products include crypto, commodities, shares, indices, metals, and Forex. There is an expert adviser, over eighty technical analytics tools, one-click trading, VPS hosting, and a stop out level of 50%. Your commissions will vary based on the type of account you choose, but the fees are reasonable.

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. By default, your account will be set to USD, though you can change this through customer service. With this manual trading system, customers may promote Expert Advisors, software executive’s help in enabling traders to supervise the markets correctly. Custom Indicators assist traders in determining future price fluctuations by generating past and current money information. And the notepad helps in providing traders the chance to set up an automatic reception of several operations like closing all openings with a single keynote.