In addition to the three main account types, MultiBank also offers a swap-free Islamic account for Muslim traders, as well as a demo account for paper trading. MultiBank offers its Atlantic clients an insurance policy with Lloyd’s of London that guarantees an insurance policy of up to $1,000,000 per account. Additionally, the broker offers negative balance protection, meaning that users can never lose more money than they have deposited in their accounts. They are overseen by 14 tier-1 financial regulators, including the ASIC, AUSTRAC, BaFin, CIMA, ESCA, CySec, FSC, FMA, MAS, TFG, and VFSC. Additionally, MultiBank Group is regulated in the UAE by the Securities and Commodities Authority of the UAE as a Category 1 trading broker for over-the-counter derivatives contracts and foreign exchange spot markets.
The ebooks also have a heavy emphasis on the study of technical analysis but also focus on the psychology of trading. Most videos are dedicated to the study of technical analysis and are available from the client area. Hosted by market expert Martin Pring, the videos cover a wide range of topics pertaining to price action examination. Multibank also offers a cashback program where traders reap bigger benefits the more they trade.
worldtradex Broker Review 2025: Everything You Need To Know
Multibank’s guides, ebooks, and videos are mostly dedicated to studying technical analysis, though other important https://worldtradex.world/ topics, such as trading psychology, are also covered. The broker also offers Islamic accounts for swap-free trading, as mandated under Shariah law. Traders who want to open an Islamic account need to contact Multibank’s customer support and request the service from there. Multibank offers more than 20 different payment methods for the convenience of its clients.
The regulatory compliance ensures that clients’ funds are as secure as possible.With a turnover of more than $6.8 trillion in 2023, continues to generate record-breaking financial outcomes. Additionally, they serve clients all over the world from 25+ locations in important financial hubs; a strong affiliate network supports it. As opposed to many other popular brokers, MultiBank has a strong focus on stock trading, with stock CFDs from over 15,000 companies available to choose from. In addition, the broker also offers a selection of CFDs based on a few stock indices, cryptocurrencies, and commodities.
Distinctive features
Yes, deposit bonuses offered by MultiBank Group are legit, but that doesn’t necessarily mean you’ll be able to redeem them. Such bonuses come with steep volume requirements that must be met before redemption is allowed, and it’s possible for your losses to far offset the amount promised by the bonus. Always read the fine print, and make sure that you fully understand the terms and conditions of any promotional offerings – especially in the case of forex deposit bonuses. It caters to traders following Islamic finance principles, offering swap-free options.
The Desktop Version of Multibank’s MT5 Platform
- The same funding options available for deposits can be used to withdraw funds at MultiBank.
- Multibank operates through 10 entities, including five regulated by Tier-1 authorities and several offshore ones.
- Pro and ECN Accounts have $1,000 and $10,000 minimum deposit requirements, respectively.
- Some of these traders may instead choose to go for the MultiBank Pro account, which requires a more reasonable minimum deposit of USD 1,000.
- In this review, I tested MetaTrader 5, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool.
Keep in mind that the minimum deposit requirement might vary depending on your country of residence and the MultiBank Group entity that holds your account. Here, spreads start from 1.4 pips, and the minimum deposit is set to just USD 50. MultiBank strives to provide swift processing times for both deposits and withdrawals. Most e-wallet deposits are instant, while credit/debit card deposits and bank transfers may take a bit longer, usually within 1-3 business days.
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No, MultiBank Group offers its educational resources free of charge to all traders. No, MultiBank Group offers trading https://worldtradex.club/ in a wide range of currency pairs, including major, minor, and exotic, totaling 55 pairs. Yes, MultiBank Group sets maximum leverage limits to help traders manage risk responsibly, ensuring that excessive leverage is not used. In the Forex market, margin needs are determined using MultiBank Group’s leverage rate, which can be adjusted based on the current exchange rate.
For example, if you deposit $1,000 of trading funds to receive a $200 promotional deposit bonus, the volume requirement to redeem the bonus would be 80 standard lots – or 8,000,000 units of currency. When trading at that volume, you can easily end up earning (or losing) far more than the initial deposit bonus amount. The spread you’d end up paying to trade eight million units of currency will end up being greater than the deposit bonus. In 2024, MultiBank launched a proprietary mobile trading app called MultiBank-Plus.
There are several features offered at MultiBank that clue you in as to this broker’s target customers. At MultiBank Group, the educational tools are light, so complete novices might find it a little difficult to get going. However, that’s not to say that you need to be a seasoned pro to join this broker. And while we don’t review forex broker bonus offerings, it’s worth noting that the bonus offer by MultiBank is only available on its Pro and Standard accounts, and not on its ECN account (which has lower spreads).
Technical support is very fast and their dealings are upscaleI am very happy to learn with them.
This frustrating process is at odds with how most brokers deliver investment products. The best forex brokers make all markets available directly within the trading platform, making it far easier to find trading opportunities. MultiBank FX offers a well-regulated platform with a variety of trading instruments and user-friendly interfaces.