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MultiBank FX Review
MultiBank FX is a well-regulated broker offering competitive trading conditions and a variety of platforms. It is suitable for both novice and experienced traders, particularly those looking for high leverage and tight spreads. However, the limited range of educational materials and higher spreads on standard accounts are areas for improvement.
Pros:
- Regulated in Multiple Jurisdictions: MultiBank FX is regulated in several top-tier jurisdictions, enhancing its credibility.
- Competitive Spreads: Offers tight spreads, especially on its Raw account.
- Advanced Trading Platforms: Provides access to MetaTrader 4 and 5, along with proprietary platforms.
- High Leverage: Offers leverage up to 1:500.
- Comprehensive Research Tools: Includes market analysis, trading signals, and educational resources.
Cons:
- Limited Asset Range: Despite offering a wide range of instruments in Forex, Indices & Future Indices, they offer limited range in cryptocurrencies, stocks & future commodities
- Higher Spreads on Standard Accounts: The standard account has higher spreads compared to the industry average.
MultiBank FX
| Broker | MultiBank FX |
|---|---|
| Established Year | 2005 |
| Regulation and Licenses | ASIC, BaFin, FMA, CNMV, FSC |
| Ease of Use Rating | 4/5 |
| Bonuses | Welcome Bonus, Deposit Bonus, Trading Contests |
| Support Hours | 24/5 |
| Trading Platforms | MetaTrader 4, MetaTrader 5, MultiBank-Plus |
| Account Types | Standard Account, Pro Account, ECN Account |
| Base Currencies | USD, EUR, GBP, AUD |
| Spreads | From 0.0 pips on the ECN Account |
| Leverage | Up to 1:500 |
| Currency Pairs | 62, including major, minor, and exotic pairs |
| Minimum Deposit | $100 |
| Inactivity Fee | None |
| Website Languages | English, Spanish, Chinese, Arabic, Russian, German, French |
| Fees and Commissions | Spreads from 0.0 pips, commissions from $3 per lot |
| Affiliate Program | Yes |
| Banned Countries | United States |
| Scalping | Yes |
| Hedging | Yes |
| Trading Instruments | Forex, indices, commodities, cryptocurrencies, stocks, ETFs |
MultiBank FX
| Feature | Rating |
|---|---|
| Regulation and Security | ⭐⭐⭐⭐☆ (4.5/5) |
| Trading Platforms | ⭐⭐⭐⭐⭐ (5/5) |
| Trading Conditions | ⭐⭐⭐⭐☆ (4.5/5) |
| Customer Support | ⭐⭐⭐⭐☆ (4.5/5) |
| Education and Research | ⭐⭐⭐☆ (3.5/5) |
| Overall Rating | ⭐⭐⭐⭐☆ (4.5/5) |
0.0 out of 5 stars (based on 0 reviews)
