MultiBank Exchange Broker Review and Opinions

MultiBank Exchange is a broker regulated by multiple authorities, including ASIC in Australia. They offer an easy account opening process and several convenient deposit and withdrawal methods.

They offer a low minimum deposit and tight spreads, but the lack of educational tools and high inactivity fees could prove discouraging for new traders.

Opinions

MultiBank Exchange Broker is a reliable Forex and CFD provider with an expansive selection of trading assets, multiple trading platforms, and superior customer service. The firm makes it ideal for both novice and experienced investors alike; offering various account types including ECN and Pro accounts.

The great news is that you can open a free demo account to test out their trading platform before investing any real money. As a member, you have access to various products on various platforms and devices.

MultiBank Exchange stands out from most brokers by not requiring you to join a bank or financial institution in order to trade. Instead, they accept various credit cards, debit cards and cryptocurrencies as payment methods. This enables traders to trade with low minimum deposits and high maximum leverage ratios. Plus, MultiBank Exchange provides negative balance protection – an invaluable feature that helps protect you in times of adverse market conditions.

Benefits

MultiBank Exchange is an online broker providing forex and CFDs on shares, commodities, indices and cryptocurrencies. It has a wide range of financial products with various leverage levels to suit all trading styles.

It is regulated by multiple global authorities, including ASIC and BaFin. With its paid-up capital of $320 million and custodial bank facilities, this makes it a reliable option for traders.

The broker’s customer support is exceptional, with agents available 24/7 via email, chat and phone. They offer almost instant answers in a wide range of languages.

MultiBank Group also offers a range of bonus offers and promotions to attract new clients. These include on-deposit bonuses, imperial bonuses and refer a friend bonuses; however these incentives come with certain conditions which traders should read prior to availing themselves of these incentives.

Deposit and withdrawal

MultiBank Exchange Group accepts deposits through various payment gateways such as credit/debit cards, online transfers, Skrill and Neteller. Furthermore, it offers the option to withdraw funds using International Bank wires and FasaPay transfers.

MultiBank, founded in California, is one of the world’s largest derivatives firms with a paid-up capital of $322 million. It has 25 offices around the world including Hong Kong, Australia, Malaysia, China and Cayman Islands.

The company is overseen by seven global authorities, such as ASIC in Australia, BaFin from Germany, CNMV in Spain, FMA in Austria, DFSA in UAE and TFG in Hong Kong. All clients of TFG are secured through negative balance protection and segregated accounts at Tier-1 banks.

Customer support for this company is available 24 hours a day, 7 days a week. It provides an array of trading promotions including on-deposit bonuses and imperial bonuses; however, lack of educational materials and limited demo accounts could prove disadvantageous to new traders. Nonetheless, the company boasts an excellent reputation in the industry and provides excellent trading conditions to all its clients.

Trading platform

MultiBank Exchange broker provides a broad selection of tradable assets and financial products, from currencies to precious metals. It is accessible in multiple languages with an expansive paid-up capital of over $322 million.

Furthermore, this company is regulated by 11 distinct financial regulators worldwide across multiple jurisdictions, such as ASIC in Australia, BaFIN in Germany, CIMA in Cayman Islands and FSC in British Virgin Islands. Furthermore, they provide a diverse selection of deposit and withdrawal options.

Traders can benefit from negative balance protection and attractive leverage. Leverage allows traders to boost their profit margins with minimal initial investment through borrowed funds; however, it also magnifies losses.

Pros and cons

MultiBank Exchange is a serious, reliable broker with excellent regulatory credentials that are accredited by ASIC in Australia, BaFIN in Germany, FMA in Austria, CNMV in Spain, DFSA in Dubai and CIMA in the Caymans. Furthermore, they boast an impressive customer feedback record as well.

The platform offers a vast selection of assets, such as Forex, commodities, metals, cryptocurrencies and over 20,000 share CFDs. Furthermore, it provides various tools and trading strategies like copy trading.

The company also provides FIX API integration, enabling clients to trade more precisely and quickly. Expert advisors are available to help traders manage their risk and boost profits.

Account opening and login

MultiBank Exchange makes opening an account with them a breeze. All that’s required is your name, email address and mobile phone number – they’ll send you a PIN via SMS to verify your details before allowing you to select your preferred trading platform and account tier.

Customer service at this company is exceptional, available around the clock via telephone and live chat. In addition to traditional methods like telephone and live chat, they’ve recently introduced XS2A which enables you to link your existing banking accounts with third parties without needing an extra username or password. Plus, with this innovative feature you can manage both account information and payments right from your smartphone! It’s an ideal way to simplify life while being regulated by several financial authorities such as ASIC, BAFIN and FMA for safety measures, segregated accounts and excellent customer support.

Education

MultiBank Exchange is a highly-rated online forex broker, providing sophisticated trading platforms and competitive pricing on an extensive range of instruments. Additionally, their customer service is unbeatable with 24h assistance available in over 10 languages.

The company is regulated by multiple authorities, such as ASIC, BAFIN, CNMV, FMA, DFSA, TFG, HKCE and VFSC. Furthermore, it offers trade lines of credit, segregated client accounts, negative balance protection and other features designed to shield traders from fraudulent activity.

MultiBank Exchange also provides a demo account and various perks like free VPS hosting and FIX API trading that should be explored. However, its product portfolio is thin, while educational and research tools lack appeal.

Customer service

MultiBank Exchange broker provides traders with a demo or practice account (known as a practice account) so they can test their trading strategies and skills without investing actual funds. The process is straightforward, requiring only an email address and password for completion.

MultiBank requires traders to fill out a questionnaire in order to assess their investment knowledge, experience and expertise. Furthermore, they must present proof of identification.

MultiBank has taken an important step in the industry by instituting Know Your Customer and Anti-Money Laundering policies that safeguard clients’ financial information. Furthermore, their customer support team is available 24/5 in eight languages via phone, email, and live chat – an impressive feat in today’s globalized world.

Demo account

MultiBank Exchange is a reliable and secure broker with numerous deposit and withdrawal options that are free of charge, along with quick processing times. Furthermore, their customer support team is available 24/7 to provide quick answers to queries.

Multibank is a global Forex and CFD broker with over sixteen years of experience in the industry. Headquartered in California, they offer an extensive range of trading assets such as 45+ forex pairs, metals, shares, indices and commodities.

This broker is licensed by several financial authorities such as Germany’s BaFIN, Cayman Islands’ CIMA and British Virgin Islands’ FSC. With such a solid reputation and impressive client success rate, it has earned itself an excellent reputation in the market place.

MultiBank provides several account types, such as the Standard account with commission-free trading with a minimum deposit of $50 and instant execution. There are also Pro and ECN accounts with different spreads; however, it should be noted that ECN accounts have a trading cost per lot traded of 3 USD.