Multibank offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself alongside your live CFD account.

Account Types

Payments are accepted via bank wire, credit or debit cards, cryptocurrencies, or e-wallets. The broker does not charge any internal fees for deposits or withdrawals. The broker also serves high-risk/yield traders via its huge cryptocurrency offering. Few brokers offer as many crypto CFDs, though it should also be stated that Multibank charges above-average spreads on instruments from the same asset class. MT5 is arguably best suited for automated trading via its Expert Advisors (EAs) feature. The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions.

User Experience

This approach allows all website visitors to swiftly evaluate the competitiveness of the spread rates across all account types. I compared the data with the spread rates quoted on the platform and observed no discrepancies. Multibank operates through 10 entities, including five regulated by Tier-1 authorities and several offshore ones. It is one of the most rigorously regulated brokers I have ever reviewed, with a strict commitment to transparency. The broker meets all critical safety standards, including ensuring negative balance protection and the segregation of client funds.

What Can You Trade With Multibank?

The bonus can be converted to cash once a month, and clients must complete the trading requirements within 90 calendar days. This offering is generally geared towards high-volume scalpers and day traders. I determined that the Pro account strikes a fine balance between affordability and competitive prices. limefx courses scam It features a combination of commission-free trading and floating spreads starting from 0.8 pips, with a minimum deposit requirement of $1000.

1. Additionally, I discovered that Multibank’s spreads on share CFDs are tight and generally better than the industry average, which makes its stock offering even more favorable.
2. Also the bonus facility and withdrawal bonus makes it different from other brokers.
3. Multibank operates through 10 entities, including five regulated by Tier-1 authorities and several offshore ones.
4. 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.

As shown above, the problem with MetaTrader is that the charts can be crowded quite easily, even when we add no more than 2 indicators. This obscures price action behavior and makes it more difficult to conduct probing technical analysis. In the image above, you can see how to measure a broker’s average execution speed.

Popular Forex Broker Reviews

This platform has been exceptional, with no withdrawal issues or complications of any kind in my five years of trading experience here. Waqas exemplifies professionalism, consistently going above and beyond—even outside of office hours—to support customer satisfaction whenever and wherever possible. Michael was very helpful with timely responses to various questions I asked over live chat. I like that my chats can be escalated to a live phone call if/when needed. Over the past decade, MultiBank Group’s achievements have been recognized by the global forex industry, including awards from distinguished financial institutions, media organizations, and publications. A commission-free account that is perfect for new traders looking to start investing.

Islamic traders also need not feel left out, as there are Islamic Account options for those who follow the Muslim faith. The Islamic Account at MultiBank allows Muslim traders to waive swap fees. In conclusion, though MultiBank might not work for complete novices, it is still a wide-ranging broker, able to fit with most experience levels. Yes, MultiBank Group is regulated limefx company reviews across its various global entities. 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). In 2024, MultiBank launched a proprietary mobile trading app called MultiBank-Plus.

Multibank’s Standard account is the most accessible one, with its minimum deposit requirement of $50. However, it also features a combination of spreads and commissions that exceeds the industry average. In contrast, the ECN account offers some of the lowest trading fees in the industry, but its barrier to entry is rather high (at $10,000). Multibank is a great choice for day traders with various experience levels. The broker impressed me with the wide variety of tools and services it offers its clients, including VPS hosting, FIX API, and Trading Central.