MultibankFx Review

Forex Brokers

vsit MULTIBANK..MultiBankFx Forex Broker -Review

Established in 2005 in California, USA, MultiBank is a major trading group with a current paid-up capital of over US $322 million. The group includes several Forex brokers that are fully regulated globally by authorities such as ASIC in Australia, BaFin in Germany, DFSA in the UAE, FSC in the British Virgin Islands, and others.

MULTIBANKFX CORPORATE INFO & FOREX TRADING ACCOUNTS

MultiBank Trading Instruments & Order Execution
 

■ MULTIBANKFX operates as an ECN Forex Broker (20 Interbank liquidity providers)

■ CFDs

■ Futures

■ 5-Digit Quotes
Number of Trading Accounts (according to the broker)
  • 320,000 customers from across 90 countries worldwide
US Traders
 □ MultiBank forbid US Traders -No-
MultiBank Regulation & Corporate Info
 

■ MultiBank was found in 2005

■ Headquarters in Australia, and many other offices all over the world

■ Regulated mainly by:

  • ASIC Australia (416279)
  • FSC BVI (SIBA/L/14/1068)
  • registered also with many more regulatory authorities

■ Segregated accounts

■ Worldwide offices:

  • MEX Asset Management (Germany), MEX Asset Management (Austria), MEX Spain
  • MultiBank Forex Exchange (USA), MultiBank LATAM (Mexico)
  • MEX Group (China), MEX Fintech (Hong Kong), MultiBank Vietnam, MultiBank Philippines, MultiBank Malaysia
  • MEX Australia Pty and MEX Exchange (Australia)
  • 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 Minimum Forex Account Size
 □ The minimum account size is $50
MultiBank Fund Methods Available
□ Credit Cards / Debit Cards
□ Wire Transfer
□ Western Union
□ MoneyBookers Skrill
□ PerfectMoney
□ PayTrust
□ PaymentAsia
□ GlobePay
□ Neteller
□ ThunderX
NOTE: There are no funding commissions.
MultiBank Account Currencies
□ United States Dollar (USD)
□ Euro (EUR)
□ British Pound Sterling (GBP)
□ Swiss franc (CHF)
□ Australian Dollar (AUD)
□ New Zeeland Dollar (NZD)
□ Canadian Dollar (CAD)
□ Polish Złoty (PNL)
Inactivity Fees
□ YES, after 3 months of inactivity
MultiBank Forex Bonus Policy
■ 20% deposit bonus
■ 100% welcome bonus
 

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TRADING WITH MULTIBANKFX
 
MultiBank offers the following Trading Account Types:
(1) MAXIMUS: requires 50 USD and the minimum spread is 1.4 pip on EURUSD (without trading commissions)
(2) MULTIBANK PRO: requires 1,000 USD and the minimum spread is 0.8 pip on EURUSD (without trading commissions)
(3) ECN PRO: requires 50 USD and the minimum spread is 0.1 pip on EURUSD, plus $6.0 per standard lot trading commissions

MultiBank Trading Leverage
 ■ MultiBank offer trading leverage up to 30:1 on all account types
MultiBank Minimum Lot Size

□ 0.01 for MAXIMUS account type

□ 0.5 for MULTIBANK PRO account type

□ 0.1 for ECN PRO account type
Negative balance protection
 □ YES
PAMM Accounts
 □ YES
Spread Type
 ■ MultiBank offer Fixed and Variable Spread
MultiBank EUR/USD Spread
 

□ 1.4 pip minimum spread for the MAXIMUS account type (without trading commissions)

□ 0.8 pip minimum spread for the MULTIBANK PRO account type (without trading commissions)

□ 0.1 pip minimum spread for the ECN PRO account type, plus $6.0 per standard lot trading commissions
MultiBank Number of Forex Currency Pairs
 ■ MultiBank offer 45+ Forex pairs, plus cryptocurrencies and many other assets

 

MULTIBANKFX FOREX TRADING PLATFORMS

MultiBank offers Metatrader4 and Metatrader5. They allow scalping and Expert Advisors. However, trades that last under 10 seconds are not allowed, be careful.
  • Tradable assets via MT4/MT5: Forex pairs, Cryptocurrencies, Metals, Indices, Shares, and Commodities,
  • Expert Advisor: Enabled
  • Stop Out Level: 50%
  • One-click Trading
  • Free VPS Hostin, under a certain policy
  • Maximum Lots per Click: 30 lots for Forex trading; 10 lots for Metals trading; 5 lots for the remaining asset classes
MultiBank Forex Desktop Platforms
□ MultiBank MetaTrader-4
□ MultiBank MetaTrader-5
Extra Features
  • No trading restrictions on EAs
  • Dynamic position tracker
  • Point-and-choose position closeout
  • Decision Support Tools
MultiBank Forex Mobile Platforms
□ Android & iPhone Apps
MultiBank Forex Automated Trading
■ MultiBank provide automated trading via MT4 and MT5
MultiBank Forex Hedging / Scalping

■ SCALPING WARNING (FORBIDS TRADES OF UNDER 10 SECONDS)

MultiBank does not allow these trades on its platforms and reserves the right to cancel them immediately

 

MULTIBANKFX FOREX CUSTOMER SERVICE

MultiBank Customer Support
□ Email
□ Phone
□ WhatsApp
□ Live Chat
MultiBank Customer Service
■ MultiBank Forex offers 24/5 Customer Support
■ MultiBank Forex provides Individual Account Manager
□ 9 Customer Support Languages:
  • Arabic
  • English
  • Russian
  • Spanish
  • Chinese
  • Italian
  • Polish
  • Indonesian
  • Portuguese
MultiBank Website Languages

□ 9 Languages available:

  • Arabic
  • English
  • French
  • Russian
  • Spanish
  • Indonesian
  • and more

 

 

■ MultiBankFx.com Forex Broker Review

ForexAutomatic.com (c)

 

 READ MORE ON FOREX AUTOMATIC

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