The software is user friendly and supports a wide variety of trading technologies including the use of Expert Advisors (EAs). A manager can trade multiple accounts simultaneously from one Master account. This can be a great solution for anyone who wants to invest in another strategy or those of you who have your own strategy to share with others. FXGiants also provide managed accounts if that is something that you are specifically looking for. The multiBank minimum deposit for the Standard account is $50, which is a great opportunity for traders despite its size or strategy. However, make sure to check applicable margins for the instrument you are willing to trade, so you cover particular conditions, as well as various technology platforms, that may require higher deposits.

Does MultiBank Group offer mentorship programs for aspiring traders?

• MultiBank provides the ‘Autochartist MT4 plugin app’ to all clients at no extra cost.
• The cost also applies to commodities, but index and equity CFD trading are commission-free.
• The VPS service of MultiBank is quite reliable, and it allows you to trade without any interruption.
• He has a Masters and Commerce degree and has an active role in the fintech community.

All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Here is our guide on how to open a digital account which is a quite simple process. However, we highly recommend you thoroughly examine how to use leverage smartly so as not to fall under unnecessary risks while trading.

However, its educational resources are not as extensive as brokers like Saxo Bank or City Index, which provide more in-depth learning materials. While MultiBank requires a low minimum deposit, making it accessible for new traders, some competitors offer a $0 deposit option, providing even greater flexibility for beginners. On MultiBank’s platform, traders have access to an extensive selection of over 20,000 instruments, offering a diverse range of trading opportunities. This includes Forex pairs, allowing traders to access the global currency markets, as well as CFDs on Metals, such as gold and silver, for those looking to trade precious commodities.

Trading Platforms

They impact price making, spreads and a number of other perks users are offered. The broker also offers a variety of trading platforms to its traders, including MetaTrader4 (MT4), MetaTrader5 (MT5), Web Trader, MultiBank Trader 4, MultiBank Trader 5 and MultiBank-Plus. MultiBank Group empowers new and experienced traders with free educational materials, platform tutorials, and live seminars. From strategy tips to real-time market analysis, their comprehensive training helps users trade confidently while learning from industry professionals in a structured, risk-aware environment. MultiBank Group offers a wide range of deposit and withdrawal methods, including bank wire, credit/debit cards, e-wallets, and cryptocurrencies, catering to global traders. Processing times and limits vary by method, ensuring flexibility, convenience, and secure fund movement across platforms.

MultiBank Exchange Best Countries by Traders

It requires a $1,000 minimum deposit and offers tighter spreads from 0.8 pips, also with zero commission. For seasoned professionals, the ECN Account provides raw spreads from 0.0 pips, instant execution, and access to the full ECN model. All account types come with access to MT4, MT5, MultiBank.io, and MultiBank-Plus platforms, social trading tools, free VPS hosting, 24/7 technical support, and multilingual customer service.

Social Trading lets beginners copy expert traders’ strategies in real-time, reducing the learning curve and enabling profit potential without deep market knowledge. It offers transparency, automated trade replication, and access to a broad range of financial products, fostering community and diversification. To make things easier for you, MultiBank provides a free VPS as well as the brilliant Autochartist plugin. This tool can quickly conduct complex charting and analysis that would normally take hours if done manually by traders every day. They are regulated in various countries and offer ECN trading via modern platforms that are packed with all the trading tools you need. The Multi Account Manager (MAM) software is provided by MultiBank for its asset managers who manage several accounts at the same time.

5 pips

• There are others which are commission free like the Standard and Pro accounts.
• MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005.
• Brokers like MultiBank Exchange Group must disclose any inactivity fees as part of their regulations.
• I would like to thank there Representative Michael in particular for his quick responses and cool nature.

Funding options are another important part of the equation when evaluating a broker. MultiBank Group does well in this regard as they have a diverse range of methods available. Overall, MT5 has become my go-to platform when I need more than what MT4 can offer. In terms of transparency, I also appreciate that MultiBank Group discloses its liquidity providers publicly.

These guys benefit from some top-notch commissions and rebates on their own transactions. White label clients and those taking advantage of MultiBank Exchange Group’s Franchise Scheme, also gain access to fully customizable Demo- and Live-account opening apps. Overall, I would score MultiBank around 69 out of 100 based on our criteria. For advanced traders and those in regions served (especially the Middle East and Asia), it is an excellent choice. Beginners can use it too, but should be aware of the higher fees on standard accounts and the need to self-educate.

Top 3 Forex Brokers

The MetaTrader 5 (MT5) trading platform is designed to meet the growing demands of brokers and traders. I still prefer MT4, probably because it is the platform that I am most used to. I think that it is quite fair to say that MT4 is more of a forex trading platform and MT5 more of a stock trading platform. MultiBank offers ECN trading on a generous range of over 1,000 instruments via easy to use platforms that are loaded with all the tools that you need for a comfortable trading experience. They follow a pure Non-Dealing Desk ECN trading structure with https://lunarcapital.net/ direct access to over 20 interbank trading prices without any conflict of interest. The various liquidity providers (LPs) are pooled together which means that you can get your trades executed at the best possible prices at all times, with quick execution speeds and minimal slippage.

However, external charges from banks or payment providers may apply depending on the chosen method. MultiBank Group is generally well-received with its user base, and it boasts an impressive 4.5 out of 5 rating over 1,400 reviews. The overwhelming majority of these reviews are positive, with users mentioning the good customer support and easy withdrawal/ deposit. Offering both MetaTrader 4 and 5 is a big plus (nearly all forex brokers support these, and MultiBank’s implementations include news and VPS support). The new MultiBank-Plus platform shows promise with a slick interface, but it still has room to grow.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients. Don’t be scared off by brokers like MultiBank Exchange Group charging a minimum deposit to open a trading account.

With zero swap fees, strong platform support, and strict eligibility controls, it offers both ethical flexibility and robust functionality for faith-conscious investors. The Standard account starts at 50 USD, the Pro account requires 1000 USD, and the ECN account starts at 10’000 USD. Explore the MultiBank Group through a dynamic visual and video overview that highlights its key features, services, and market presence. This section offers a clear and engaging snapshot of what sets MultiBank apart in the trading industry. They do not incur swap charges when positions are held overnight and there are no time limits on the open positions.

In addition, there is a possibility to participate to the Demo Contest and win valuable prizes with no monetary risk, which is definitely a great opportunity. AML policies are designed to prevent money laundering and terrorist financing. The transaction will be immediately flagged and reported to the relevant authorities if any suspicious activity is detected. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community.

I appreciate that MultiBank Group invested in the development of a proprietary copy trading platform. Together with its MAM/PAMM accounts, it presents an excellent choice for asset managers, especially those geared towards equity portfolios. Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible. We put their live chat to the test, reaching out through both their app and website. MultiBank Exchange Group offer educational resources which include Video Tutorials, Courses, Ebooks.

One of the financial regulators who have given MultiBank Exchange Group a license, is none other than Australia’s ASIC, one of the most exigent such regulatory agencies worldwide. In addition, MultiBank provides a “Mission Centre” and an FAQ section on its site, though these resources are relatively basic. The few negative reviews were mostly about financial holds or swap charges. Their transparency is clear to see and according to our research, we would suggest that this broker ranks highly in terms of safety for clients. Clients can craft strategies and building confidence while getting familiarised with market conditions.