MultibankFx Review

Submitted by currenciesfx on Wed, 04/20/2022 - 07:17
MultibankFx is an ECN Forex Broker offering 45+ currencies

MULTIBANK FX Review


MultibankFx is an ECN Forex Broker offering 45+ currencies, tight spreads and MT4/MT5. There are special features such as a free VPS and MAM accounts for professional and institutional investors.

» Visit the MultiBank Fx Website

◙ MULTIBANK FX REVIEW

Here is the Multibank Fx Review.

MULTIBANK FX BASIC FACTS & NOTES

ECN FOREX BROKER (NDD)

 MULTIBANK FX TRADING INFO

◘ Multibank Fx Asset Index

Multibank Fx offer:

■ 45 Forex Pairs

■ Precious Metals & Commodities

■ Stock indices

■ 1,000 shares

The asset index of Multibank Fx is considerably wide and includes all major asset classes.

◘ Multibank Fx typical Spreads / Trading Commissions

ECN PRO ACCOUNT

  • Multibank Fxcharge trading commissions $6.0 per round lot

■ EURUSD typical spread is 0.1 pip

■ GBPUSD typical spread is 0.3 pip

■ USDJPY typical spread is 0.2 pip

Multibank Fx takes advantage of 20+ liquidity providers by offering tight trading spreads.

  • ECN PRO account type offers by far the tightest spreads (0.1 pip on EURUSD)
  • The broker also charges trading commissions of $6.0 per round lot on ECN PRO
  • The Multibank Pro account type charges higher spreads (0.8 pip on EURUSD)
  • The Maximum account type offers the highest trading spreads (1.5 pip on EURUSD)

◘ Multibank Fx Maximum Leverage

 ■ Multibank Fx offers Leverage up to 1:500
  • 500:1 for all account types
  • 2:1 for cryptocurrency trading assets

 

◘ Lot Size

 ■ The minimum lot size is 0.01 The micro-lot (0.01) is always useful for beginners

◘ Automated Trading / Scalping

■ Automated Trading is allowed by Multibank Fx, -YES-

■ Scalping is fully allowed by Multibank Fx -YES-

You can use automated trading, hedging, and scalping.

  • a FIX/API is available
  • a free VPS is optional
  • fully-featured MAM accounts are available too
  • you can use automated trading and Expert Advisors on MAM accounts too

◘ Multibank Fx Platforms

 ■ Multibank Fx offers: MetaTrader4, MetaTrader5

The classic MetaTrader platforms in various versions:

  • MetaTrader4 in Desktop, Web, and Mobile versions
  • MetaTrader5 in Desktop versions

◘ Multibank Fx Typical Slippage

■ Multibank Fx Slippage is measured at less than 1.0 pip

 As with any other professional ECN Forex broker, the slippage on order execution when trading with MultibankFx is low.

◘ Multibank Fx Mobile Trading

■ Multibank Fx offers a mobile app for Android and iPhone

 Mobile traders for iOs and Android devices
The Company

 MULTIBANK FX COMPANY INFO

◘ Multibank Fx Foundation

 ■ Multibank Fx was founded in 2005

Multibank Fx is owned by MEX Group Worldwide Limited.

-MultiBank Exchange is the trading name of MultiBank Forex Exchange Corporation incorporated in California, the USA with Company No. 3918038

-MultibankFX is the trading name of Multibank FX International Corporation (BVI) Company No. 1377324

◘ Multibank Fx Headquarters

 ■ Multibank Fx headquarters are in Australia Headquarters in Australia, 20 offices all over the world

◘ Multibank Fx Regulation

 ■ Multibank Fx is registered with ASIC Australia

Multibank Fx is registered with ASIC Australia (No 416279) and registered with several other regulatory bodies around the world.
Multibank Fx Accounts

MULTIBANK FX ACCOUNT INFO

 

◘ Account Currencies

 EURO | CBP | USD Open an account in EUR, USD, CHF, GBP, CAD, AUD, PNL, NZD

◘ Multibank Fx Deposit Money

 CARDS | BANK WIRE | SKRILL | NETELLER Credit/Debit Cards, Bank Wire, Skrill, Neteller, and more funding methods

◘ Multibank Fx Withdraw Money

 CARDS | BANK WIRE | SKRILL | NETELLER The same methods to withdraw your initial deposited funds

◘ US Residents

■ Multibank Fx forbids US Residents as Clients -NO-

 Traders coming from the US can't trade with Multibank Fx

◘ Multibank Fx Minimum Deposit

■ The minimum Deposit at Multibank Fx is 50 USD

$50 is the general minimum deposit requirements

  • ECN PRO requires a $5,000 minimum deposit
  • MULTIBANK PRO requires a $1,000 minimum deposit
  • MAXIMUS requires a $50 minimum deposit

◘ Multibank Fx Promotions

■ Multibank Fx offers a deposit bonus

Multibank Fx offers a 20% deposit bonus:

  • 10% is a withdrawable cash bonus and another 10% is a non-withdrawable credit bonus
  • The 20% deposit bonus can be up to $40,000
  • The 20% deposit bonus is available for Maximus and Multibank Pro account types only
  » Open a Demo Account with MultibankFx
 

Multibank Fx Review Conclusions

Multibank Fx is a regulated ECN Forex broker also offering several CFDs products from 20+ liquidity providers. The broker is licensed by ASIC Australia (No 416279) and registered with several other regulatory bodies from all around the world. The minimum deposit to start trading with Multibank Fx is just $50 on a Maximum account type. However, the trading spreads on this account type are considerably wide. Advanced and professional traders should choose a Multibank Pro, or better, an ECN Pro account type. The trading spreads on the ECN Pro account start as low as 0.1 pip on EURUSD plus $6 commissions per full traded lot. The only con is that the ECN Pro account requires $5K as a minimum deposit. Nevertheless, there is the Multibank Pro account which offers tight spreads and has deposit requirements of only 1,000 USD. Furthermore, the Multibank Pro is applicable for the 20% trading bonus.
  • The 20% deposit bonus can be up to $40,000 (10% is withdrawable as a cash bonus, the other 10% corresponds to a non-withdrawable credit bonus)
Deposits and withdrawals can be done via several funding methods, such as credit/debit cards, Neteller, Skrill, and Bank Wire. There are no withdrawal commissions, however, there is an inactivity fee after a three-month period of non-account activity.
Multibank Fx platforms include the classic MetaTrader-4 and MetaTrader-5 for desktop and mobile devices. You can use automated trading, hedging, and scalping, and they are providing free VPS hosting for better execution. There is also a FIX/API and fully-featured MAM accounts.
  • MAM accounts (STP order-execution, allows Expert Advisors)
The Forex asset index of Multibank Fx is considerably wide containing 45+ currency pairs, precious metals, several indices, commodities, and over 1,000 shares. Their customer service is available via phone, email, WhatsUp, and live chat, 24 hours a day, five days a week. Overall Multibank Fx is a competitive and fully-featured ECN Forex broker that offers a little bit of everything and can meet the needs of any professional Forex trader.
 
» Visit the MultiBank Fx Website
 

■ Multibank Fx Review

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