MultiBank Review: Regulation, Spreads & Leverage

STP/ECN broker based in Hong Kong with MetaTrader 5, a $50 minimum deposit and leverage up to 1:500.

  • STP/ECN
  • 1:500 Leverage
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MultiBankHong Kong
4.0/5
Regulated by(1) MEX Clearing (UAE)- regulated by RAK with license number IC/ 2993/10, (2) MEX Exchange (Australia)- regulated by ASIC with license number 416279, (3) MultiBank FX International (BVI)- regulated by FSC with license number SIBA/L/14/1068
Promotion100% Deposit Bonus
HeadquartersHong Kong
Founded2005
Min. deposit$50
Max leverage1:500

Your money is at risk

2005Founded
$50Minimum deposit
1:500Max leverage
0.1Pips from

In this MultiBank review

  1. MultiBank overview
  2. Full broker specifications
  3. MultiBank bonus
  4. Pros and cons
  5. Account types
  6. Trading platforms
  7. Deposits and withdrawals
  8. Is MultiBank safe?
  9. About the company
  10. FAQ

MultiBank overview: what kind of broker is it?

MultiBank is an STP/ECN forex and CFD broker based in Hong Kong, founded in 2005. (1) MEX Clearing (UAE)- regulated by RAK with license number IC/ 2993/10, (2) MEX Exchange (Australia)- regulated by ASIC with license number 416279, (3) MultiBank FX International (BVI)- regulated by FSC with license number SIBA/L/14/1068.

Traders get MetaTrader 5, spreads from 0.1 pips, leverage up to 1:500 and a low $50 minimum deposit. New clients can also check the current 100% Deposit Bonus.

Tradable markets include Forex Currencies, Cryptocurrency, Commodities, Indices, Stocks, Bonds, Futures.

MultiBank broker specifications

Company and regulation

BrokerMultiBank
Regulated by(1) MEX Clearing (UAE)- regulated by RAK with license number IC/ 2993/10, (2) MEX Exchange (Australia)- regulated by ASIC with license number 416279, (3) MultiBank FX International (BVI)- regulated by FSC with license number SIBA/L/14/1068
Type of brokerSTP/ECN
CountryHong Kong
Foundation year2005
WebsiteVisit MultiBank website
Website languagesEnglish

Trading conditions

Minimum deposit$50
Maximum leverage1:500
Minimum spreads0.1 pips
Base currenciesUSD, GBP, EUR, JPY, CHF, AUD, NZD, CAD
Tradable instrumentsForex Currencies, Cryptocurrency, Commodities, Indices, Stocks, Bonds, Futures
Hedging / scalpingAllowed
News tradingAllowed
Trading in publicYes

Bonus and promotions

Current promotion100% Deposit Bonus
Welcome bonusYes
Standard no deposit bonusNo

Contact details

Telephone+44 20 3953 8381
Emailcs@multibankfx.com
Fax+1 213 992 4748
Head officeHong Kong
FREE

MultiBank bonus

MultiBank promotes a 100% Deposit Bonus for new traders. It is a simple way to test the broker's MT5 execution, spreads and withdrawal process before you add more of your own money.

How to claim the MultiBank bonus

  1. Open a live account through the Visit Broker button.
  2. Verify your email, phone number and identity (KYC).
  3. Request the bonus from your client area or from support.
  4. Trade the required volume, then withdraw your eligible profit.

Bonus terms (required lots, time limit and withdrawal rules) can change at any time. Always read the latest conditions on the MultiBank website before you claim.

MultiBank pros and cons

Pros

  • Regulated: (1) MEX Clearing (UAE)- regulated by RAK with license num…
  • 100% Deposit Bonus for new traders
  • Low $50 minimum deposit
  • Spreads from 0.1 pips, STP/ECN execution
  • MetaTrader 5 on every device
  • Islamic, mini, VIP and managed accounts
  • 6 deposit and withdrawal methods

Cons

  • Offshore licence only, no EU or UK regulator
  • Bonus comes with trading-volume rules

MultiBank account types

MultiBank offers several account options so beginners and experienced traders can both find a fit. All live accounts start from a $50 deposit.

Free demo accountYes – practise with virtual money
Mini accountYes – smaller trade sizes for beginners
VIP accountYes – for high-volume traders
Islamic (swap-free)Yes – no overnight swap charges
Managed accountYes
Segregated client fundsYes

MultiBank trading platforms

MultiBank runs on MetaTrader 5, which gives you advanced charts, more timeframes, an economic calendar and support for expert advisors. Web trading and mobile trading are both available.

ECN ProDesktop
MultiBank Pro MT4Desktop
Maximus MT4Desktop
MT5Desktop
Web TradingBrowser
MobileMobile

MultiBank deposit and withdrawal methods

The same 6 methods work for both funding and withdrawals, which makes cash-outs simpler because you can usually withdraw the way you deposited.

Banks and cards

Credit/Debit CardBank Wire Transfer

E-wallets

NetellerSkrillWebMoneyetc

Is MultiBank safe and legit?

MultiBank is a regulated broker. (1) MEX Clearing (UAE)- regulated by RAK with license number IC/ 2993/10, (2) MEX Exchange (Australia)- regulated by ASIC with license number 416279, (3) MultiBank FX International (BVI)- regulated by FSC with license number SIBA/L/14/1068. The broker says client money is kept in segregated accounts, separate from company funds.

Keep in mind that this is an offshore regulator. It does not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC. That is why MultiBank can offer leverage as high as 1:500.

Our verdict on safety

MultiBank is a legitimate licensed broker, but best for traders who understand offshore risk. Start small, test a withdrawal early and use sensible leverage.

4.0 OUT OF 5
Risk warning: CFDs are complex instruments and carry a high risk of losing money quickly because of leverage. Only trade if you understand how CFDs work and can afford to lose your money.

About MultiBank

MultiBankFX Overview

MultiBankFX is operated by MultiBank Group, was founded in 2005 at California, the USA with Company No. 3918038 and now headquartered in Hong Kong. MultiBankFX is a regulated (BaFin, ASIC, FSC, FMA, CNMV, CIMA, RAK) by many jurisdictions forex and CFD broker, they have multiple offices in Australia, Germany, Austria, Vietnam, Cyprus, the British Virgin Islands, Spain, UAE, China, and the Cayman Islands. They offer a lot of trading instruments including Forex currency pairs, cryptocurrencies, indices, individual stocks, commodities, and spot metals.

The Multibank FX work as ECN/DMA broker and it offers 3 types of trading account to trade 5 distinct asset classes.  All accounts are designed in three categories for novices, intermediate and advanced investors are made available for trading at a multi-regulated atmosphere.

Features

  • Stable trading platform
  • Multi award winning broker
  • Commission free and tight spreads 
  • Trust and regulation

As already mentioned, MultiBank FX has many jurisdictions regulation and they operate from several countries: 

  • MEX Spain
  • MultiBank Vietnam
  • MEX Clearing (UAE), 
  • MEX Prime (Cyprus)
  • MEX Exchange (Australia)
  • MEX Fintech (Hong Kong)
  • Datong Financial Group (China)
  • MEX Asset Management (Austria)
  • MEX Asset Management (Germany)
  • MultiBank FX International (BVI)
  • MEX Wealth Management (Cayman Islands).

The MultiBank brand operates as MEX Exchange in Australia, regulated by the ASIC (Australian Securities and Investments Commission) with the AFSL (Australian Financial Services License) under this 416279 number.

In Germany, MultiBank operates as MEX Asset Management by the BaFIN (German Federal Financial Supervisory Authority) under this Registration number HRB 73406, also the brand operates in Austria under this license number 491129z.

 In the British Virgin Islands, MultiBank operates as MultiBank FX International Corporation, issued by the FSC (Financial Services Commission) under this certificate number SIBA/L/14/1068. 

In the Austria, Multi Bank operates as MEX Asset Management GmbH regulated by the FMA (Financial Market Authority) under this license number 491129.

MEX Wealth Management is regulated by the CIMA (Cayman Islands Monetary Authority).

MEX Spain is regulated by the (CNMV) National Securities Market Commission.

Trading Platforms

The company offers a different platform that impacts several features:

The pure ECN pro

  • The platform offers the best spreads on the EUR/USD. 
  • Give access to the most liquid market 
  • 24 hours instant and stable nano-second execution
  • The maximum leverage up to 500:1
  • Offer more than 45 forex pairs and No restrictions on EA
  • Up to 5 levels of Market Depth
  • Negative balance protection
  • Guaranteed no price slippage, no requotes and no rejections
  • Free VPS, MAM and PAMM accounts

Automatic Trading Desk wherein all trades go through ECN to the market, eliminating any conflict of interest

Complete transparency of the market with only the best bid/offers being displayed

Multibank Pro

Actually, the multibank pro is the MT4 trading platform, this trading platform features is same as ECN pro platform. This account EUR/USD average spread is 0.7. 

Maximus Platform

These account features are same as others account but EUR/USD average spread is 1.4 pips.

Trading Instruments

Multibank FX offers a lot of trading of instruments:

Currencies: EUR/USD, GBP/USD, USD/CAD, AUD/USD, NZD/USD, USD/ CHF, USD/JPY, GBP/AUD, GBP/CAD, GBP/JPY, EUR/GBP, GBP/CHF, GBP/NZD EUR/JPY, EUR/CHF, AUD/JPY, AUD/CHF, EUR/AUD, AUD/CAD, CAD/JPY, CAD/CHF, NZD/JPY, CHF/JPY, AUD/NZD, NZD/CAD, NZD/CHF, and EUR/NZD.

Commodities: Multibank FX offers US and UK Crude, Copper futures and Natural Gas futures.

Indices: US Tech 100 index, US SPX 500 index, US Wall Street 30, UK 100 index, German DAX, Hong Kong Hang Seng 50, GER30 and more.

Metals: XAUUSD, and XAGUSD.

Shares CFDs: Apple, Adidas, AstraZeneca, Alibaba, Bank of Americ, Barclays, Baidu, UK/US Tobacco, BHP Billiton, eBay CFD Facebook, Alphabet, HSBC Holdings, IBM, Johnson & Johnson, JP Morgan Chase, Coca-Cola, Mc Donalds, Lloyds Bank, Microsoft, BP and BT and more. .

Cryptocurrency: Bitcoin spot, ethereum spot, litecoin, and ripple spot.

Account Types

MultiBank offers 3 different type’s account. The ECN account spreads beginning from 0.1 pips under run of the mill economic situations, just as commission. As its name suggests, it is an ECN type and MT4 trading platform

The MultiBank Pro account spreads beginning from 0.8 pips under run of the mill economic situations, without commission. 

The MultiBank Maximus account spreads beginning from 1.4 pips under run of the mill economic situations, without commission. This account is available through Metatrader 4 platform and an STP process. The maximum leverage is up to 500:1. 

Also, the company offers a demo and Islamic account.

Deposit and withdrawal methods

MultiBank offers a good number of easy and safe common methods. 

Bank Wire, Visa, Master Card, Skrill, Neteller, Paytrust: all these account base currencies are USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD, all process is may take up to 24 hours. 

Perfect money: this account base currency is USD and EUR.

Help2pay: MYR, THB, IDR, VND currencies are available for this account. 

In withdrawals, you can use all deposit method without perfect money and Help2pay but you can use NgânL??ng.vn this account. 

Awards and recognition

As a forex and CFD broker Multibank FX got many awards:

  • Best FX forex and CFD broker EU and Asia 2019
  • Best forex trading platform 2011
  • Best ECN broker Asia 2012
  • RTB China awards 2012
  • Best forex broker Asia 2013
  • Most powerful technical research & development tool 2013
  • Broker of the year 2013 and more.

Customer Support

MultiBank provides multilingual customer service 24 hours a day and 5 days a week. 

Live chat: it’s a fast and very easy wat to get in touch with multibank. They offer First Class Multilingual Customer Service 24 hours. 

Phone: Multibank has more than 40 global customer service numbers, including US: +1 213 992 4748, UK: +44 20 3953 8381, Spain: +34 931220671, Italy: +39 0230578823, Malaysia: +60 0362074715, Philippines: +63 022711861, Australia: +61 2 9195 4000, UAE (toll free): +800 017 8167 and more.

Email support:  cs@multibankfx.com

Callback request: You get a call back from multibank, by submitting a call back request form on their website.

Video conference: You can talk via video call by submitting Name, email, Phone, and Country on request a video conference form on their website. 

Social media support: Multi Bank provide support through social media. You will find on:

Facebook: https://www.facebook.com/multibank.official

Twitter: https://twitter.com/multibankgroup

LinkedIn: https://www.linkedin.com/company/multibankgroup/

Who should choose MultiBank?

Good fit for

  • Traders who want MT5 and raw spreads
  • Bonus hunters testing a new broker
  • Muslim traders needing swap-free accounts
  • Scalpers, hedgers and news traders

Think twice if

  • You need FCA, ASIC or CySEC protection

MultiBank FAQ

Is MultiBank regulated?

Yes. (1) MEX Clearing (UAE)- regulated by RAK with license number IC/ 2993/10, (2) MEX Exchange (Australia)- regulated by ASIC with license number 416279, (3) MultiBank FX International (BVI)- regulated by FSC with license number SIBA/L/14/1068. It is an offshore licence, so investor protection is lighter than with EU or UK regulators.

What is the MultiBank minimum deposit?

The minimum deposit to open a live MultiBank account is $50.

Does MultiBank offer a bonus?

MultiBank currently promotes a 100% Deposit Bonus for new traders. Bonus credit normally has trading-volume and withdrawal conditions, so read the latest terms on the broker's website before claiming.

What is the maximum leverage at MultiBank?

Leverage goes up to 1:500. High leverage increases both potential profit and potential loss, so most traders use far less.

Which trading platform does MultiBank use?

MultiBank uses ECN Pro Platform, MultiBank Pro MT4 Platform, Maximus MT4 Platform, MT5 Platform, Web Trading, Mobile Platform.

Does MultiBank offer Islamic swap-free accounts?

Yes. Islamic swap-free accounts are available, along with mini, VIP and VIP accounts.

How can I deposit and withdraw at MultiBank?

You can use Credit/Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer and etc.