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. MultiBank Group, established in 2005, has an unblemished regulatory record, with over 11 financial regulators and over 25 branches worldwide. MultiBank Group’s best feature is its relatively high Trust Score; the broker holds multiple regulatory licenses, including Tier-1 licenses in Singapore and Australia. Also worth noting is its license to operate as a cryptocurrency exchange.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- According to MultiBank Group’s website, the broker is well-capitalized with over $322 million in paid-up capital.
- In conclusion, though MultiBank might not work for complete novices, it is still a wide-ranging broker, able to fit with most experience levels.
- MultiBank Group offers forex, CFDs, and underlying cryptocurrencies across its relevant brand entities around the world.
- MultiBank has over twenty-five global locations, and it is one of the largest, most-regulated derivatives companies in the world.
The broker clearly has a lot of longevity in the industry, as well as a solid reputation. The award-winning financial services group announced a record daily turnover of over US$ 12.1 Billion, with a record annual revenue of approximately USD $ 189 million in FY 2021. This was an impressive 35.4% increase from 2020’s results, marking a record-breaking year for the global giant. DUBAI, UAE , Aug. 24, 2022 /PRNewswire/ — MultiBank Group, the largest and most regulated financial derivatives broker worldwide, reveals record financial figures for 2021.
However, that’s not to say that you need to be a seasoned pro to join this broker. Moreover, the Group continued its strategic focus on developing and investing in advanced trading technologies. MultiBank Group is now in the advanced stages of launching a digital assets exchange fully regulated in Australia, which aims to be the world’s first cross-asset ecosystem aiming to bridge the gap between traditional and alternative finance. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
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Though this broker is not cut out for total newbies, traders of most other experience levels will find MultiBank to be top-notch. Yes, deposit bonuses offered by limefx official site 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. Features like Social Trading allow traders to “invest smarter.” You can copy the trades of profitable, consistent traders. Traders who act as Signal Providers can scale their income, earning extra money when investors copy their account and trading moves.
MultiBank Group pros & cons
Educational content at MultiBank is limited to a series of basic videos and ebooks powered by MTE Media, which are available on a new dedicated education section on the broker’s website. I was pleased to see this new educational portal, and I’m looking forward to seeing more content from MultiBank. That said, this broker still has a long way to go if it wants to compete with the best brokers for education. MultiBank Group offers both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms developed by MetaQuotes Software Corp, in addition to its recently launched proprietary MultiBank Plus mobile app, available for iOS and Android devices.
Keep in mind that the minimum deposit requirement might vary depending on your country of residence and the https://limefx.biz/ entity that holds your account. In addition to the launch, the newly transformed website reflects MultiBank Group’s commitment to providing a seamless and user-friendly online experience. With a modern design and enhanced navigation, clients can now easily explore the wide range of financial services and products offered by MultiBank Group. From its establishment in 2005, MultiBank Group has maintained an unparalleled record, with 11+ financial regulators and over 25 branches worldwide. The Group provides its clients with the highest level of fund security, guaranteeing 24-hour withdrawal processing, offering a one-of-a-kind excess loss insurance underwritten by Lloyds of London through its subsidiary MEX Atlantic.
MultiBank Group Announces Two Additional Licenses in the UAE and Singapore
A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.
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There is an expert adviser, over eighty technical analytics tools, one-click trading, VPS hosting, and a stop out level of 50%. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). The minimum deposit requirement for opening a Standard Account at MultiBank Group is $50, whereas the Pro account requires $1,000, and you’ll need to deposit $10,000 to get started with the broker’s ECN account.