Multibank Group Review 2024 - is it legit broker?
Multibank Group Review 2024 - is it legit broker?
Min. Deposit: $50 HQ: SVA
Platforms: MT4, MT5
Leverage: 1:100 / 1:500 Regulation: ASIC, CySEC, ESCA, FSC
Multibank Group Licenses
- MEX Australia Pty Ltd (MEX Exchange) is authorized and regulated by the (ASIC) with AFSL number #416279.
The Multibank Group has been providing Forex services since 2005.
Multibank Group Overview
Multibank Group, also known as Mex Global in UAE, is a reputable forex broker. Renowned for diverse trading instruments, advanced platforms, and competitive spreads. Regulated, offering a secure and transparent trading environment. Notable for professional services in the dynamic forex market.
| Broker | Multibank Group |
|---|---|
| Trading platform: | MetaTrader4, MetaTrader5, Multibank Trader+ |
| Accounts: | Demo Account, Standard Account, PRO, ECN , Islamic Account |
| Account currency: | USD |
| Minimum deposit: | $50 |
| Deposit / Withdrawal: | Tether , Bitcoin, Skrill, Neteller, VISA and MasterCard, Cryptocurrency,and +22 |
| Mobile trading: | Mobile MT4, and MT5 |
| Orders execution: | Market execution |
| Trading features: | Social Trading (MT4/MT5) |
Our Multibank Group Review
Your capital is at risk.
What Is Multibank Group
Multibank Group is a well-known forex broker in the online trading world, highly respected and popular among traders. Established in 2005, the company has traders from globally. People also know this broker as Mex Global.
They have 25+ Offices Worldwide catering to an international client base. The Multibank Group also has an HQ office in the United Arab Emirates. They provide a wide range of Trading Instruments where you can trade 20,000+ Trading Instruments.
They provide the most popular and user-friendly Meta Trader 4, and Meta Trader 5 for trading platforms. they also offer Web Trader 4 and Web Trader 5.
Multibank FX Pros and Cons
| Pros | Cons |
|---|---|
| Minimum deposit of $50 To start trading. | Phone support not available 24/7 |
| Traders can can start copy trade | |
| Awards winning broker | |
| deposits and withdrawals are without any fee | |
| Available Multiple platforms for trading: MT4, MT5, | |
| Swap free, Islamic Accounts | |
| Flexible bonus conditions for multibank group traders | |
| Market Execution |
Your capital is at risk.
Is Multibank Group Legit Broker?
Yes, Multibank Group is a Legit and Trusted broker. It providing service globally since 2005. Multibank Group authorized by Multiple License.
they offer you to trade 20000+ trading instruments with Good Spread. you can visit their physical offices in different countries.
Multi Global Account types
The company provides 3 trading account types with popular platforms MetaTrader4 and MetaTrader5. They also offer multiple user-friendly interface platforms.
Different trading platforms are available. These include Web Trader MT5, Web Trader MT4, Multibank Trader 4, Multi Trader 5, and Social Trading. We categorize the accounts with Minimum deposit, Commission, and Minimum Lot size.
Standard Account :
The Standard Account is a Commission Free Account that is perfect for beginners and professional traders. It requires a minimum deposit of $50 with $0 Commission. maximum leverage for this account is 1:500. Spread is starting from 1.5 Pips with maximum leverage of 1:500.
This Standard margin account offers Multilingual customer service, 24/7 technical support, and Social Trading (MT4/MT5) for customers. This account lets you trade various assets like forex, commodities, metals, energies, indices, and cryptocurrencies. Access a wide range of options.
Pro Account
The Pro account is best for those traders. who are looking to take advantage of zero commissions with tight spreads, and instant execution. the minimum deposit is $1000 with a maximum leverage 1:500. the spread is starting from 0.8pips with $0 commission.
This Pro account offers Multilingual customer service, 24/7 technical support, and Social Trading (MT4/MT5) for customers. This account lets you trade various assets like forex, commodities, metals, energies, indices, and cryptocurrencies. Access a wide range of options.
ECN Trading Accounts
The ECN account is best for professional traders. who want to take advantage of raw spreads and instant execution. the minimum deposit is $10000 with a maximum leverage of 1:500. the spread is starting from 0.0pips with $0 commission.
This ECN account offers Multilingual customer service, 24/7 technical support, and Social Trading (MT4/MT5) for customers. This account lets you trade various assets like forex, commodities, metals, energies, indices, and cryptocurrencies. Access a wide range of options.
You can open a Demo account for testing your skills.
| Features | Standard | Pro | ECN |
|---|---|---|---|
| Starting Spreads | 1.5 pips | 0.8 pips | 0.0 pips |
| LEVERAGE | 1:500 | 1:500 | 1:500 |
| Account Currencies | USD | USD | USD |
| Comission | $0 | $0 | $0 |
| Minimum Deposit | $50 | $1,000 | $10,000 |
| Min Lot Size | 0.01 | 0.01 | 0.01 |
| Swap | Swap Free-Islamic Account | Swap Free-Islamic Account | Swap Free-Islamic Account |
| Demo Account | YES | YES | YES |
| Trading Instruments | Forexcurrency pairs + Metals + energies + indices + crypto currencies stocks | Forexcurrency pairs + Metals + energies + indices + crypto currencies stocks | Forexcurrency pairs + Metals + energies + indices + crypto currencies stocks |
| TRADING ON STOCKS | YES | YES | YES |
Mex Global Minimum Deposits & Withdrawals
Multibank Group offers multiple payment methods for deposits and withdrawals. it offers E-wallets for depositing and withdrawing money from your trading account. There are several popular E-wallets that are offered. These include Skrill, Perfect Money, Apple Pay, MyFatoorah, American Express, NETELLER, PAYCO, Online Bank Transfers, VISA, and Master Cards.
The company Also Offer Crypto currencies for depositing and withdrawing, like Bitcoin (BTC), Ethereum (ETH), USDT (TRC20), USDT (ERC20), USDC, TUSD, BINANCEPAY, and Many other Networks..
You can also easily deposit funds via bank transfer. Withdrawals are hassle-free, with quick processing times. Enjoy convenience and security with Multibank Group’s banking solutions.
Multibank Group Social Trading
The Company also provides a Social Trading program to assist individuals unfamiliar with forex trading. This program enables users to replicate the trades of Experienced and Professional traders. By opening the page of the Social Trading Leaderboard, you can choose traders along with their strategies and profit share.
- To initiate Copy Trade, simply select a suitable trader.
- Specify the amount you wish to invest through Copy Trade.
- From there, you can have confidence in the platform’s automated copy trading process.
The copy trading program automatically duplicates your chosen trader’s trades in real-time.
Mex Global Fee
The Mex Global does not impose any fee to opening an account. they have compatible spread as trading fee. there is no charge on inactivity fee.
The deposit and withdrawal are also without any commission or fee. you deposit with multiple channels. like, credit cards and e-wallets.
Multibank Groups Trading platforms
Multibank provides access to MetaTrader 4 and MetaTrader 5 for new and experienced traders. Both trading platforms have their own advanced features.
The MetaTrader 4 platform offers a user-friendly interface. Traders can easily trade, access market info, and use advanced tools for analyze with user-friendly platforms. The MetaTrader 4 allows traders to use customized Indicators and Expert Advisors (EA).
It also offers MetaTrader 5 access. The MetaTrader 5 offers improved charting tools, a wider selection of technical indicators, and an economic calendar. Designers create these features to empower traders by providing them with deeper insights into the markets.
In addition to Meta Trader 5, the Company also provides Multibank Web Trader MT4 and MT5. This allows traders to access their accounts and make trades directly through their web browsers, making trading more convenient. This platform is especially beneficial for those who value flexibility and accessibility.
- MetaTrader 4 For ( Windows, Mac) Download.
- MetaTrader 5 For (Windows, Mac) Download
Your capital is at risk.
Multibank Global Offers
20% Deposit Bonus Offer
The Company offers a 20% Deposit bonus up to $40,000. It is a credit bonus and lasts for 90 days. its available for both New and Existing clients on Pro and Standard Accounts.
The maximum bonus amount per trader is $40,000. the 20% deposit bonus is available only for MT4, MT5 Pro, and Standard Accounts
Traders can withdraw the bonus amount at $200 for every 80 lots round trip traded on FX and Metals. Traders can Convert the Bonus amount into cashback one time in a month. Read the Full Terms and Conditions
Free VPS Hosting
MultiBank Group provides free Virtual Private Servers (VPS) from trusted third-party hosting providers. These VPS have excellent performance and reliability in the market.
Multibank Global offers VPS service for online trading. Customers can use their trading terminals 24/7 from anywhere. This ensures stable and reliable trading environments, making remote trading easy and convenient.
The minimum account balance for getting the free VPS hosting service is $2000. you need to trade 10 round-trip trading lots for Standard and Pro accounts. and if you are using an ECN account then you need to trade 20 round-trip trading lots per month.
Note: if you do not complete the above requirements then you have to pay a $50 server fee. Read the Full Terms and Conditions
Customer Support
A good broker should have helpful customer service and quality services. Multibank Global does provide customer support through various channels, including email, phone, and live chat.
At Multibank Global, customer satisfaction is a top priority. The broker offers customer support in multiple languages, available 24/7 to assist traders whenever they require help. They gave traders tools to make smart choices, like educational materials, analysis, and research resources.
