MultiBank Group Review

MultiBank Group, in operation since 2005, is home to numerous global brands and regulated in jurisdictions all over the world. A multi-asset broker, MultiBank offers forex and CFDs through the MetaTrader and cTrader platform. markets are readily .

On the negative side, not the best educational l site.

MultiBank Group pros & cons

Pros

• Good variety of regulatory licenses.

• Minimum deposit of $5,000 will get you an ECN account - where pricing is competitive.

• Copy trading available.

• In some countries offers the possibility to buy Crypto Currency.

• Has the possibility to offer insurance to their clients.

• There are News Headlines available.

Cons

• MultiBank’s research options are limited.

• Educational materials are minimal – only short-form videos and ebooks are available.

• Spreads on the Standard account are higher than the average.

• MultiBank advertises 13,000 tradeable assets, but only 1042 are available by default in MT5.

• Regulatory statusin the U.K. and EU are limited

• cTrader Copy only shows one provider.

Offering of Investments

The vast majority of MultiBank’s listed offering is unavailable when first logging into the broker’s available platforms.

Approx. 1,000 different asets available in the standard account.

Scalping: Algo trading only available with their permission .

MultiBank offers three account types in forex and CFD Trading: Standard, Pro, and ECN.

Standatd account minimum $50 deposit-Pro account minimum $1,000 deposit and ECN account minimum $5,000 deposit.

Non-trading fees: A $60 inactivity fee per Month if account does not trade for 3 Months.