Their advanced trading tools, such as the MT4 platform, have enhanced my trading strategies. The analysis and research materials they provide are insightful. Customer service is spot on and their platform is very friendly to a newbie like me. Multibank overall makes me feel secured with my funds/ investment.
- I still prefer MT4, probably because it is the platform that I am most used to.
- The broker also supports social trading and has managed accounts for those of you who do not have the time or skills to trade manually.
- You can trade a huge selection of over 20,000 instruments including Forex, Metals, Shares, Indices, Commodities and Cryptocurrencies.
- You can easily change the size and the position of the tabs.However, the platform feels outdated and some features are hard to find.
I prefer the MT4/MT5 platforms since they allow me to trade on any device. It is a fantastic option for a trading novice and takes anyone from the beginning to a profitable trading level. We should also mention that the supporting conditions are excellent. The broker has multiple platforms, as well as a social trading feature. That can be a significant boost for newer and less secure traders.
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. 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. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
Very nice and pure trading platform and…
MultiBank Group is a versatile multi-asset brokerage that’s been around in the industry for quite a while. It started operating in 2005 and has been giving top-tier trading and investing services ever since. Its offices span over numerous countries, with the firm operating in more than ten vital financial centers. Over its limefx years of operating, the firm has constantly innovated and updated, always remaining relevant in online trading circles. Because of that, our MultiBank Group review will help you decide whether the company is one you should consider. If the platform provided more financial advise support it would be much appreciated.
The reality is that only 1042 markets are available by default on its MetaTrader and cTrader platforms. 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.
The various products that they trade are indices, spot metals, Cryptocurrencies, individual stocks, commodities & Forex pairs. Being a proud sponsor of BMW M Motorsport, the company has several jurisdictions in various developed countries like the Virgin Islands, Germany, and the Cayman Islands. Research and education at MultiBank Group brands have a long way to go to catch up to industry leaders, but the broker continues to make progress in other categories. I was happy to see that it has developed its own social copy trading platform, and spreads are competitive on its ECN Account offering. Making its entire range of markets available by default and adding more educational and research content would help to balance MultiBank’s overall offering.
Web Trader MT5
However, even if you’re a trading veteran, you can still utilize social trading by letting others copy you. That means you earn some fraction of each positive trade they make, providing a welcome fund boost. This is an excellent analytical tool that continuously scans the markets and in order to give the traders quality trading signals. MultiBank provides the ‘Autochartist MT4 plugin app’ to all clients at no extra cost.
MultiBank Group Review 2023: Is It Legit or Scam?
MultiBank Group does not rank highly in this category, due to the lack of any significant in-house or third-party research content. For the most part, the broker’s research offering is limited to a weekly newsletter and news headlines from FXStreet within the cTrader platform. Changing leverage is a very useful feature when you want to lower the risk of your trade.
Clients’ funds should be fully segregated from broker’s accounts. This is a regulatory stipulation and MultiBank must be completely compliant with this directive. Another useful tool https://limefx.name/ offered by MultiBank is the Economic Calendar which covers main economic events, news, and announcements, taking place worldwide that substantially impact the financial markets.
Trading Commissions and Fees
This inactivity fee is quite high compared to the market average. Apart from these non-trading fees, the MultiBank Group makes an excellent platform than other brokers since the trading costs have been kept minimal. MultiBank understands the need to offer a wide variety of calculators to guide traders on their forex trading journey. To this end, the platform has introduced 6 trading tools, including a currency converter, Fibonacci calculator, pivot point, stop loss or take profit levels, margin calculator, and pip value calculator. FIX API offered by the MultiBank Group is a unique turnkey solution for high-volume and institutional clients looking for direct access to the financial market.
BrokerChooser gave MultiBank a 4.1/5 rating based on analyzing 500+ criteria and testing via opening a live account. I’ve been with this broker for a while now, and I’m quite happy with their services. Their customer support is responsive, and I appreciate their user-friendly trading platform. Compared to many other companies, multibank is a trustable platform. The support from AM is great which helps it comfortable to trade with them. I would recommend everyone to only use multibank for trading to make sure your funding is safeguarded.
I reported them to a friend of mine in the law firm who advised me to give AssetsclaimbackAdvisory a try, fortunately it was a successful fund retrieval from this cruel investment company. They do not possess the fiduciary duty to protect our investments, they are in this profession for themselves bunch of scammers. Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
Thanks to the adoption of Zero Commission Trading and Negative Balance Protection, they have earned a well-deserved reputation as one of the most trustworthy brokers on the market. I had no trouble choosing the best trading strategy because of the accessibility of efficient trading tools. This platform well-deserves a 5-star rating for its outstanding performance!
The Autochartist software notifies you when chart patterns are identified. It also performs volatility analysis and comes with a risk calculator. I think this is a fantastic tool for automatically searching for signals that meet your own criteria. It can literally save you from hours of scanning charts and find trade setups that you may have otherwise overlooked.
Each year, we collect thousands of data points and publish tens of thousands of words of research. MultiBank Group, in operation since 2005, is home to numerous global brands and regulated in jurisdictions all over the world. It goes against our guidelines to offer incentives for reviews. I am thrilled to give them a well-deserved 5-star rating for the outstanding service they provided throughout our partnership.
MetaTrader 4 (MT4) is the world’s most popular trading software, known for its great features and extensive functionality. On top of that, the firm also has numerous features that improve your trading experience. We’ve already gone over them earlier in our MultiBank Group review, and it’s fair to say they cover everything. On top of that, the broker is friendly towards new users via bonuses and a demo account. Naturally, we’d like to implore you to try the broker out for yourself.