MultiBank Group review

Spread from

0.0 pips

EUR/USD spread

Approx. 0.1 pips, ECN

GBP/USD spread

Approx. 0.4 pips, ECN

Commission

$3 per side / $6 round turn, ECN

All-in cost, EUR/USD

Approx. 0.7 pips

Spread type

Variable

Overnight swap

Both: overnight swaps apply; swap-free accounts available

Inactivity fee

$60/month after 3 consecutive months inactivity

Currency conversion

Conversion rate/charges apply where currencies differ

Cost is where brokers in the same regulatory bracket actually differ.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

MultiBank Group lists a minimum deposit of $50. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Metals, Shares, Indices, Commodities, Cryptocurrencies

Currency pairs

55+

Total instruments

20,000+

Crypto CFDs

Yes

Maximum leverage

1:30

Execution model

ECN / Non-Dealing Desk market execution

Execution speed

Under 20ms

Order types

Market, limit, stop, stop-loss, take-profit, trailing stop

Servers

Global financial data centres including London and New York

Leverage is capped at 1:30, which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

MultiBank Group covers forex, metals, shares, indices, commodities, cryptocurrencies. A wider range matters less than depth in the instruments you actually trade.

Funding options: visa, mastercard, bank transfer, skrill, neteller, cryptocurrency, sepa and local payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

MetaTrader 4, MetaTrader 5, WebTrader, MultiBank-Plus / MultiBank App

Own platform

Yes

Mobile app

Both proprietary and third-party

Browser trading

Yes

Automated trading

Yes; unrestricted EAs, automated trading and VPS

Copy trading

Yes, Social Trading

Indicators

80+ technical indicators and analytical tools

Third-party tools

VPS, MAM, PAMM, social trading

API access

Yes

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

Regulated by

ASIC (AFSL 416279); MAS (CMS101174); CySEC (430/23); CIMA (1811316); UAE SCA/CMA (20200000031); Mauritius FSC (GB23201531); Seychelles FSA (SD198); Vanuatu VFSC (700443); plus additional group registrations/licences

Regulator tier

Tier 1

Register entry

ASIC Professional Registers, AFSL 416279

Client money segregated

Yes

Held at

Top-tier regulated banks

Negative balance protection

Yes

Compensation scheme

Lloyd's of London excess-loss insurance up to $1 million per account under MEX Atlantic; statutory protection varies by entity

Audited by

Independent external auditors

Not available to

United States for retail CFD services, Iran, North Korea and other sanctioned/restricted jurisdictions

Across a hundred brokers, the licence is what separates the field fastest.

MultiBank Group holds tier-one authorisations from ASIC, CySEC and MAS. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (CIMA, VFSC, FSC and FSA). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

The Monetary Authority of Singapore applies some of the tightest conduct requirements in the region, and fewer firms hold its licence.

Client money is held separately from the firm's own money, at Top-tier regulated banks. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by Lloyd's of London excess-loss insurance up to $1 million per account under MEX Atlantic; statutory protection varies by entity, which pays eligible clients up to its limit if the firm fails owing client money.

Check the licence yourself: ASIC Connect, the MAS Financial Institutions Directory, the CySEC register of investment firms, the Mauritius FSC register of licensees, the Seychelles FSA list of regulated entities.

Minimum deposit

$50

Account types

Standard, Pro, ECN, Islamic, Demo

Account currencies

USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD

Islamic account

Yes

Demo account

Yes

Professional account

Yes

Minimum trade size

0.01 lots

Time to open

Approx. 2 minutes

MultiBank Group runs 5 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Deposit methods

Visa, Mastercard, bank transfer, Skrill, Neteller, cryptocurrency, SEPA and local payment methods

Withdrawal methods

Bank transfer, cards, Skrill, Neteller, crypto and supported local payment methods

Deposit time

Instant for cards, crypto and many electronic/local methods; bank transfer typically 1-3 business days

Withdrawal time

Processed within 24 hours; arrival depends on payment provider

Minimum withdrawal

$50

Local payment methods

PIX; Boleto; GCash; DragonPay; Thai QR; PayRetailers; KoraPay; PaymentAsia; Pagsmile; Fatoorah and others

Withdrawals are stated at Processed within 24 hours; arrival depends on payment provider, against Instant for cards, crypto and many electronic/local methods; bank transfer typically 1-3 business days for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: bank transfer, cards, skrill, neteller, crypto and supported local payment methods. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is $50 - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Support hours

24/7

Contact channels

Live chat, email, phone

Languages

Multilingual

Telephone

600 575 250 (UAE)

Email

cs@multibankfx.com

Live chat response

Typically under 2 minutes

Education

Extensive: Trading 101, educational articles, guides, platform education and webinars

Research

Market analysis, daily market updates, technical and fundamental analysis, trading tools

Support runs 24/7. Round-the-clock cover matters more than it sounds: a position held over a weekend or through an unexpected halt is exactly when you need somebody to answer.

Reachable by live chat, email, phone. A published telephone number is the one channel that is hard to fake and hard to ignore, so whether there is one says more than the number of channels does.

Languages: Multilingual. Being able to raise a complaint in your own language is worth more than it appears, because complaints are where precision matters most.

Education: extensive: trading 101, educational articles, guides, platform education and webinars. Treat broker-published material as an introduction rather than as advice - it is produced by a firm whose revenue rises when you trade more.

Legal entity

MEX Group Worldwide Limited

Company number

1580104

Headquarters

Dubai, United Arab Emirates

Founded

2005

Publicly listed

No

Parent company

Independent

Employees

1,000+

Also trades as

MultiBank Group; MultiBank FX; MEX Markets; MEX Atlantic

MultiBank Group has been trading for around 21 years, through at least one full market cycle. Longevity guarantees nothing on its own, but a firm that came through 2008 and 2015 has been tested in a way a recent entrant has not.

The contracting entity is MEX Group Worldwide Limited. This is the company you would actually have a relationship with, and it is worth checking that it is the same one named on the licence you are relying on: large brokers commonly operate several, and they are not equally protected.

Part of Independent. A parent adds resources, but the protections that apply to you are the ones attached to the entity that holds your account, not to the group.