Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D. Price making is done through 6 ECNs, 12 exchanges and no fewer than 20 of the most reputable banks. The brokerage features a platform/account type combo, which makes use of all these pricing assets, to come up with the best possible prices for MultiBank Group’s traders. Furthermore, to avoid any kind of conflict of interest, a fully automated trading desk is used. It is in fact one of the biggest Forex/CFD brokers out there, squarely claimed to be among the largest providers of financial derivatives in the world. The operation is a truly global one, in the sense that it maintains offices in various countries all over the world.

Is Multibank Group Safe? Broker Regulations

MultiBank Group’s NBP mechanism automatically resets a trader’s balance to zero if their account goes into negative territory. I’ve had a fantastic experience with this platform over the past five years, encountering no problems with withdrawals or any other complications. Waqas stands out as a true professional, frequently exceeding expectations by providing exceptional support, even after regular business hours, to ensure customer satisfaction at every opportunity. Opening an account at MultiBank Group takes only a few seconds and requires a name, e-mail, and valid mobile phone number. MultiBank will send an OTP via SMS, which is necessary to complete the process. Traders must also select their desired trading platform and account tier.

MultiBank Broker Overview

MultiBank’s pricing is competitive at the top end but far from the cheapest for casual traders. The ECN account offers true raw spreads (0.0 pips), but requires a very high deposit and comes with ~$3/lot commissions. For traders preferring desktop solutions, MultiBank Group supports both MT4 and MT5 for Windows and Mac.

Demo Account

The account is commission-free or (more accurately) spread-only which means no commission costs outside the spread. All these accounts use an ECN model, effectively connecting traders to a robust network of diverse liquidity providers. This gives MultiBank Group an advantage since it means they have “No-Dealing Desk (NDD)” execution. To safeguard against fraud, MultiBank Group implements strict Know Your Customer (KYC) and Anti Money Laundering (AML) protocols, along with maintaining segregated client accounts. These accounts are kept separate from company funds, offering crucial protection in the event of insolvency.

Trusted multibank company for training…

You can always try them both on demo accounts to see which you prefer. 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 Group is a highly reputable broker that offers strong regulatory oversight, diverse trading products, and professional trading conditions. Its zero-commission accounts, tight spreads, and fast execution make it an excellent choice for both retail and institutional traders.

• That being said, they are both excellent platforms and easy to navigate.
• They have several call centers located in Dubai where they hire poor Indians and Pakistanis to do their scam work.
• MultiBank also holds multiple global regulatory licenses, ensuring a secure trading environment, though some competitors like Saxo Bank and Swissquote have a stronger presence in top-tier regulatory jurisdictions.
• MultiBank Group lists 23 phone numbers, provides live chat, video conferencing via Zoom and Microsoft Teams,WhatsApp and e-mail support.

Once registered, you will receive login credentials via email, granting access to a simulated trading environment with virtual funds. The demo account provides real-time market conditions, enabling traders to test strategies, explore platform features, and gain confidence before transitioning to a live account. Additionally, the broker offers multilingual customer support to cater to its international client base. For email inquiries, clients can contact the support team at cs@multibankfx.com, ensuring a direct and professional response to any questions related to trading, accounts, or platform issues. MultiBank Group provides a well-rounded selection of financial instruments, making it an excellent choice for traders looking to diversify their portfolios.

Some brokers operate under U.S.-based (CFTC/NFA) https://lunarcapital.vip/ or Canadian (IIROC) regulations, providing legal trading options for residents of these countries. Opening an account with MultiBank Group is quick, secure, and beginner-friendly. The broker follows international KYC guidelines to ensure compliance and security, making the process smooth for traders worldwide.

MultiBank Group provides a selection of educational resources to help traders improve their market knowledge and trading skills. The broker offers learning courses, eBooks, and video tutorials, covering fundamental and technical analysis, trading strategies, and platform guides. The ECN Account is perfect for professional traders or institutional investors who need raw spreads, direct market access, and ultra-fast execution. Offering spreads starting from 0.0 pips, this account provides the most competitive pricing with no dealing desk intervention, making it the preferred choice for scalpers and high-frequency traders.

List of Restricted or Prohibited Countries

• Swap rates apply to leveraged positions held overnight and are based on interest rate differentials and market conditions.
• If you have any further questions or would like to learn more about MultiBank Group’s offerings, I encourage you to visit their official website or reach out to their customer support team.
• MultiBank Group’s NBP mechanism automatically resets a trader’s balance to zero if their account goes into negative territory.
• MultiBank offers about 55 Forex currency pairs, goods, cryptocurrencies and more than 1000 stocks.

You can also sign up for an Islamic Account which does not swap or rollover interest on overnight positions, thus, operating in compliance with Sharia. These platforms are available on desktop, web, and mobile devices, allowing traders to manage their accounts and execute trades from anywhere, at any time. This is a commission-free account that is perfect for new traders looking to start investing. While MultiBank Group is a globally recognized broker, it operates under multiple financial regulations, which restrict its services in certain countries. Below is an overview of the regions where trading with MultiBank Group is either prohibited or restricted due to regulatory constraints.

Michael provided excellent assistance by promptly addressing all my inquiries through live chat. I appreciate the option to seamlessly transition to a phone call whenever necessary. Choose from MT4, MT5, or MultiBank-Plus—all available on desktop, web, and mobile. These platforms cater to casual traders, algo enthusiasts, and mobile users alike.

Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. MultiBank is safe, reliable and regulated and provides a professional trading environment for its customers. Overall, MultiBank Group established itself as a reputable and trustworthy broker.