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MultiBank Group Review and Information 2024

MultiBank Group Information and Review MultiBank Group
Voting Rating MultiBank Group does not participate in the Forex Rating
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Trading software MetaTrader4, MetaTrader5, Web Trader, Mobile app, cTrader App
Headquartered Dubai

Presented below is our full MultiBank review for UAE-based traders and investors. It highlights all essential aspects of this online broker and compares them with competitors within the industry. Our experts have researched how its trading platform and offered features perform for UAE users to help them decide whether to trade with the broker. 

In short, MultiBank Group is the world’s most regulated forex and CFD broker. MultiBank Group is comprised of several entities that are regulated by 14 financial regulators, founded in 2005. It has over 1 million clients, a daily turnover of US$12,1 billion, allows trading with up to 500:1 leverage, and has excellent, 24/7 available customer support.

Users have access to 6 trading platforms (including MT4, MT5, and Social Trading), which are available on both desktop PCs and laptops and mobile devices and allow different trading styles, including casual trading, automated trading, high-frequency trading, social trading, short selling, scalping, and hedging. Users will soon have access to the all-in-one MultiBank Plus trading app available on the web and mobile. 

MultiBank’s range of tradable financial instruments includes stock CFDs, commodities, indices, cryptocurrencies, and forex. The broker charges low, variable spreads (from 1,5 pips on EUR/USD) on its Standard and 0,8 pips on its Pro accounts, while its ECN account holders are subject to $3 commission per side per lot but have spreads from 0,0 pips (on EUR/USD). 

Below, our experts provide a detailed review of MultiBank’s product offering, starting with its available assets.

Assets (Best CFDs And Forex Broker)

MultiBank allows users access to over 20,000 financial instruments, including: 

  • 20,000+ Stocks as CFDs

  • 55 Forex pairs

  • 23 Funds and ETFs

  • 15 Commodities

  • 32 Indices

  • 20 Cryptocurrencies

Although users can trade over 20,000 CFDs on stocks, commodities, indices, cryptocurrencies, and forex, MultiBank doesn’t offer actual shares, funds, or ETF trading. For this reason, MultiBank Group is one of our top recommended brokers for forex and CFDs. 

See how MultiBank performs compared to other brokers based on market coverage:



Stock CFDs




Indices CFDs










FX Options


Commission, Fees, and Spreads

MultiBank offers commission-free forex and CFD trading on its Pro and Standard accounts, while its ECN accounts are subject to a $3,00 commission per side per lot. Additionally, the broker charges low, variable spreads, starting from 1.5 pips (on EUR/USD) standard account, 0.8 pips on its Pro account, and 0,0 pips (on EUR/USD) on its ECN accounts, making MultiBank a cheap broker for forex and CFD trading.

Below is a detailed breakdown of MultiBank’s trading and non-trading fees:

Trading Fee





0,5 pips


0,0 pips (EUR/USD)




Note that Islamic swap-free account holders are subject to specific countries.

Non-trading fees


Type of Fee


Inactivity Fees


Conversion Fees


Deposit Fee


Withdrawal Fee


Management/Administration Fees


Social Copy Trading Fees


Overnight Funding

1,4% - 6,9%

With no inactivity fees, no conversion, deposit, withdrawal, management, and social copy trading fees, and overnight funding rates between 1,4 and 6,9 percent, MultiBank’s non-trading fees are below the industry average.

Deposits and Withdrawals

MultiBank supports various payment methods, including debit and credit cards, bank wire transfers, and e-wallets like Neteller and Skrill. Both deposits and withdrawals are free of charge.

The minimum deposit at MultiBank to open a live trading account is $50 (for Standard Accounts). Pro and ECN Accounts have $1,000 and $10,000 minimum deposit requirements, respectively.

Withdrawal requests can only be submitted using payment methods used before to make at least one deposit.

MultiBank deposit and withdrawals 



Bank Wire Transfer


Credit/Debit Card






Account Minimum


Deposit Charges


Withdrawal Charges


Account types

MultiBank has 5 different trading accounts available:

  • Standard Account - allows users to trade forex, metals, indices, commodities, cryptocurrencies, and share CFDs with up to 500:1 leverage with spreads starting from 1,5 pips (on EUR/USD).

  • Pro Account - is suitable for traders who benefit from zero commissions, tight spreads, and instant order execution. Allows trading with up to 500:1 leverage with spreads starting from as low as 0,8 pips (on EUR/USD). 

  • ECN Account - best suited for traders looking for raw spreads and instant order execution. Allows trading with up to 500:1 leverage with spreads starting from 0,0 pips (on EUR/USD). 

  • Islamic Account - MultiBank’s Islamic swap-free account allows Muslim traders to trade according to Sharia law. It doesn’t feature Haram financial instruments and has no percentage-based overnight fees or swap rates.

  • Demo Account - allows users to familiarize themselves with the trading platform, practice trading, and backtest their trading strategies with a balance with virtual funds that mirror actual market conditions.

The MultiBank account opening process is straightforward and effortless and requires verifying your identity and address. 

Trading Platforms & Tools (Best Trading Platform For CFD and Forex)

After extensive research, our experts have classified MultiBank as the best CFD and forex trading platform with the broadest selection of trading tools. MultiBank has 6 trading platforms on multiple devices, including desktop PCs, laptops, Android, and iOS devices. 

Users can also access an extensive trading toolkit, including a watch list, Level 2 order book data, advanced charting, trading alerts, social trading, and a demo account. Additionally, MultiBank supports MetaTrader 4, MetaTrader 5, and social trading, allowing users to deploy Expert Advisors (EAs) and copy the trades of experienced traders automatically. 

MultiBank provides users access to the following trading platforms and integrations:

  • MultiBank-Plus (Coming Soon) -is a state-of-the-art proprietary trading platform designed to provide stability and real-time trading. It is available as a trading app as well. 

  • MetaTrader 4 - The world’s most popular trading platform that provides access to 80+ technical indicators and analytical tools, market orders, market depth of the latest price quotes, alert notifications, and more.

  • MetaTrader 5 - Offers the same as MetaTrader 4 and provides features, such as One-click trading, VPS hosting, full EA compatibility, superior fundamental analysis, including financial news and an economic calendar, and social trading functionality. 

  • WebTrader MT4 - The browser-based MetaTrader 4 platform. 

  • WebTrader MT5 - The browser-based MetaTrader 5 platform.

  • Social Trading - MultiBank’s proprietary social trading platform allows users to automatically copy the trades of professional and experienced traders from within their accounts.

Here is how MultiBank’s trading platforms and tools perform compared to competitor brokers:

Feature / Broker


Desktop Platform


Web Platform


Mobile Platform


Easy to Use




Market Depth/Level 2


Advanced Charting


Trading Alerts


Demo Account






Other non-Proprietary




Social/Copy Trading


Strategy Tester




The available trading platforms at MultiBank offer casual and advanced order types, technical and fundamental analytical tools, indicators and dynamic charting features, trading alerts, and watchlists, making MultiBank a suitable broker for both beginner and experienced traders.

Research and Education

MultiBank provides multiple trading introduction courses and 4 in-depth trading courses, each containing lessons that teach the basics of online trading. The introductory courses cover trading terms (glossary), global and macroeconomics, and social trading. 

The Advanced Lessons course covers candlestick charting and explains how critical patterns in trading work and form and how to trade when they arise. MultiBank also offers weekly newsletters covering trending assets, extensive financial research conducted by its in-house experts, and crucial economic updates. Additionally, the broker offers its clients a daily technical analysis newsletter that helps quickly identify profitable trading opportunities.

Customer Service

The MultiBank customer service is available 24/7 via WhatsApp, live chat, and phone in English, Arabic, and 10 other languages. 


MultiBank is the world’s most regulated broker. They are overseen by 14 tier-1 financial regulators, including the ASIC, AUSTRAC, BaFin, CIMA, ESCA, CySec, FSC, FMA, MAS, TFG, and VFSC. Additionally, MultiBank Group is regulated in the UAE by the Securities and Commodities Authority of the UAE as a Category 1 trading broker for over-the-counter derivatives contracts and foreign exchange spot markets.

MultiBank holds broker and financial licenses and is regulated in the following geographical locations:

  • European Union - MEX Europe Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission under license number 430/23.

  • Australia - MEX Australia Pty Ltd is regulated by the Australian Securities & Investments Commission (ASIC) under AFSL number 416279. Mex Digital Pty Ltd is licensed by the ASIC as a Corporate Authorized Representative under AFS representative number 001285048 and is registered as a digital currency exchange with AUSTRAC under registration number 100724469.

  • International - MultiBank FX International Corporation is regulated by the Financial Services Commission of the British Virgin Islands (FSC) under license number SIBA/L/14/1068. MEX Atlantic Corporation is regulated by the Cayman Islands Monetary Authority (CIMA) under license number 1811316.

  • Singapore - MEX Global Markets Pte. Ltd is regulated by the Monetary Authority of Singapore under license number CMS101174.

  • South Africa - MEX Pacific is regulated by the Vanuatu Financial Services Commission (VFSC) under license number 700443.

  • Austria - MEX Asset Management GmbH is regulated by the Financial Markets Authority (FMA) under license number 491129z.

  • Vietnam - IKON Financial Services Corporation Ltd is regulated by the Tianjin Financial Government (TFG) under license number 120000400121019.

  • Germany - MEX Asset Management GmbH is regulated by the German Federal Financial Supervisory Authority (BaFin) under license number HRB 73406.

  • China - MEX Fintech Limited is regulated by the Hong Kong Customs and Excise Department (HKCE) under license number 18-11-02612.

  • Middle East - MEX Global Financial Services LLC is regulated by the Securities and Commodities Authority of the UAE as a Category 1 trading broker under ESCA license number 20200000045.


MultiBank offers its Atlantic clients an insurance policy with Lloyd’s of London that guarantees an insurance policy of up to $1,000,000 per account. Additionally, the broker offers negative balance protection, meaning that users can never lose more money than they have deposited in their accounts.

Multibank UAE Special Features

MultiBank offers UAE clients a deposit bonus of up to $40,000 on their first deposit. This bonus can be withdrawn at a rate of $200 per 80 lots traded on forex and metals. Additionally, the broker offers a free Forex VPS for users who want lightning-fast order execution and conduct in automated or high-frequency trading. With MultiBank’s MAM/PAMM accounts, users can manage multiple trading accounts simultaneously, separating their funds and associated risks.


  • Access to 20,000+ CFDs on metals, forex, shares, indices, commodities, and cryptocurrencies

  • Forex spreads starting from 0.0 pip EUR/USD, 0.2 pip on Gold (on ECN accounts)

  • Advanced mobile trading app and Proprietary Trading Platform (MultiBank-Plus)

  • Access to the full meta trader suite (MT4 & MT5)

  • Negative balance protection

  • High leverage up to 500:1

  • Islamic and demo accounts are available

  • Expert Advisors, scalping, hedging, and shorting supported

  • Fast account opening process


  • Doesn’t hold a banking license

  • It isn’t listed on a stock exchange

  • A relatively small selection of trading tools compared to other brokers

  • Cryptocurrency deposits/withdrawals not supported

Being the world’s most regulated forex and CFD broker, MultiBank is safe and reliable. It also supports the full MetaTrader suite (4 & 5) and Expert Advisors (EA) and allows users to trade over 20,000 CFDs across 6 different asset classes and conduct social or copy trading. Having both demo and Islamic accounts available and a low minimum deposit of $50 (200 AED), MultiBank is accessible to all traders, including beginners and Muslims. For this reason, our experts see no reason not to sign up, deposit, and trade with MultiBank as a UAE-based trader or investor. 

MultiBank Group Trading Information 2024

WWW https://multibankfx.com/
Address Dubai
Headquarters UAE
Free phone 800203040
24 hour support
Partnership programs
Expert advisors
Mobile trading
Automated trading
Demo account
24/5 trading
Digits after the dot in quotes 5
Minimum position size 0.01
Spread Type Variable
Pip spread on majors 0.01-1
Maximum Leverage 500
ECN, $ 5000
Standard account, $ 1000
Mini account, $ 50
Popular payment methods Wire Transfer, Credit card, Debit card, Neteller, Skrill, Union Pay, PayTrust, SEPA, Bitcoin, AwePay, GlobePay, Pay Retailers, Payment Asia, Poli, Awe Pay
Account currencies USD, EUR, GBP, AUD, CHF, CAD
Available assets Forex, Metals, Shares, Indices, Commodities, Cryptocurrencies, CFDs
Languages English, Spanish, Italian, Arabic, Vietnamese, French, Indonesian, Chinese, Russian
Platforms MetaTrader4, MetaTrader5, Web Trader, Mobile app, cTrader App
Broker type ECN
Foundation 2005
Bitcoin Forex Brokers

MultiBank Group Traders' Reviews

  12 Dec 2023
MultiBank's attractive trading conditions and innovative approach have not only caught my attention but also retained my loyalty as a trader. MultiBank stands out with its competitive trading conditions that cater to both novice and seasoned traders. The spreads are tight, and the leverage options are versatile, making it an attractive choice for traders seeking optimal trading conditions. Moreover, their transparent fee structure and absence of hidden charges have instilled a sense of trust and reliability in their services. In today's fast-paced trading world, the ability to trade on the go is paramount. MultiBank's mobile trading application is a testament to their commitment to providing contemporary trading solutions. The app is robust, offering a full range of trading functions and real-time market analysis, mirroring the desktop experience. To effectively utilize MultiBank's mobile platform, a powerful smartphone is necessary. This requirement ensures seamless operation and a smooth trading experience, allowing for efficient management of trades and access to market data without delays or glitches. My journey with MultiBank over the past year has been marked by consistent reliability and trustworthiness. The company has demonstrated a strong commitment to upholding high standards of service and maintaining a secure trading environment. MultiBank's adherence to regulatory standards further solidifies its reputation as a trustworthy broker. Their compliance with international financial regulations provides peace of mind, knowing that my investments are in safe hands. One of the highlights of my experience with MultiBank has been their responsive and efficient customer support. Queries are addressed promptly, and the support team exhibits a high level of professionalism and expertise, enhancing the overall trading experience. Based on my personal experience, I can confidently endorse MultiBank as a reliable and competent brokerage firm. Their exceptional trading conditions, advanced mobile trading platform, and unwavering commitment to customer satisfaction make them a top choice for traders seeking a robust trading partner. In sum, MultiBank represents a blend of technological advancement, customer-centric service, and trading excellence. Whether you are a beginner trader or an experienced market player, MultiBank offers a platform that caters to your needs and facilitates a successful trading journey. Their continuous effort to improve and adapt to the ever-evolving market landscape ensures that they remain a preferred choice for traders globally.
  10 Nov 2023
MultiBank Group stands out prominently in the European trading landscape, and my decision to engage with them was influenced by a friend's recommendation. Now, after two years of trading with them, I can confidently attest to a positive and lucrative experience. Over this period, I've not only preserved my initial deposit but have seen a remarkable 120% increase in income, all while adhering to prudent risk management practices. What particularly impresses me about MultiBank Group is the consistent and reliable service they provide. Recently, I withdrew my profits, a routine operation that transpired seamlessly within the customary three working days. Notably, even in the realm of cryptocurrency transactions, a sector notorious for delays and complications, MultiBank Group has maintained an admirable level of efficiency. The broker's commitment to quality service and excellent trading conditions is evident in various aspects of their operations. The execution of trades is not just satisfactory but excellent, and the stability of their trading platform ensures a smooth and uninterrupted trading experience. The competitive spread offered further enhances the overall appeal for traders seeking optimal conditions for their financial activities. A standout advantage is the expeditious withdrawal of funds to WebMoney, a process completed within a mere half-day. This rapid turnaround time is a testament to MultiBank Group's dedication to providing efficient financial services, a crucial aspect that significantly contributes to the overall trader experience. In my interactions with MultiBank Group, I've found their service to be exemplary, and I appreciate the respectful attitude they maintain towards their clients. It is refreshing to encounter a broker that not only meets but exceeds expectations, showcasing a commitment to client satisfaction that goes beyond the ordinary. In an industry where finding reliable brokers can be a challenge, MultiBank Group emerges as a beacon, offering excellent conditions suitable for both beginners and seasoned traders. My experience has been nothing short of commendable, and I wholeheartedly recommend MultiBank Group to those seeking a broker that combines quality service, efficient operations, and a client-centric approach.
  22 Aug 2023
The broker offers an extensive range of trading tools that I find beneficial. While some tools are more advanced and might be more suited for professional traders, the selection is impressive. The transparency in MultiBank's fee structure is appreciable. The spreads are competitive, but I feel they could do better during major news releases where I've noticed them widening more than usual. During my time with MultiBank, the reliability of their platform has been commendable. I haven't faced any major hitches, which is always a plus in the forex world. The regulatory framework of MultiBank is robust, providing a level of assurance. Nevertheless, it's always essential for traders to stay updated on regulatory environments.
  22 Aug 2023
One of the standout features for me has been MultiBank's order execution speed. The broker ensures rapid trades, minimizing slippage, especially crucial in high volatility periods. Their array of analysis tools is comprehensive. Daily insights, charting tools, and expert analyses have significantly aided my trading decisions. Yet, I believe they could expand on their webinar offerings for a more detailed understanding. Stability-wise, MultiBank's platform delivers consistently. I haven't ventured into their partnership program, so can't comment much on that. As for tradable assets, the range offered is vast, allowing traders ample opportunities for diversification. MultiBank, from my experience, offers a robust platform with a few areas for improvement. For intermediate traders, it provides a solid ground, but like always, a thorough research and due diligence process ensures the best alignment with individual trading needs.
  22 Aug 2023
I've had an overall good experience with MultiBank. The platform is user-friendly and seems to be designed keeping traders of all levels in mind. However, there have been a few instances where navigation became a tad confusing, especially with so many features available. Withdrawing funds from MultiBank has generally been hassle-free. The process is straightforward, and funds typically reach my account within the promised timeframe, although there were once or twice when it took a bit longer. MultiBank's customer support has been a mix for me. While they are mostly responsive, I've had instances where the turnaround time was slower than expected. The feedback mechanism, however, shows they're eager to improve.
  11 Aug 2023
The minimum initial deposit requirement of $5,000 might deter traders with limited capital. Additionally, spreads may vary during volatile market conditions. The offered leverage of up to 1:500 provides opportunities for higher returns, but traders must exercise caution and employ effective risk management strategies.
  11 Aug 2023
MultiBank's array of reliable trading platforms, including MetaTrader 4, MetaTrader 5, Web Trader, and mobile apps, ensures a smooth trading experience. MultiBank offers enticing bonuses such as the 20% Deposit Bonus, Imperial Bonus, Loyalty Bonus, Refer a Friend Bonus, and a Cashback program, enhancing the trading experience. Traders should review the terms and conditions before participating. The availability of MetaTrader 4, MetaTrader 5, Web Trader, mobile apps, and the cTrader App offers diverse trading options catering to different preferences. MultiBank's strengths include their wide range of assets, competitive spreads, robust regulatory framework, and an array of trading platforms to suit different devices.
  11 Aug 2023
MultiBank provides a commendable level of service, evident in their range of regulatory approvals from prestigious entities like SCA, MAS, CySEC, ASIC, AUSTRAC, and more. The broker processes withdrawals swiftly, ensuring that traders have timely access to their funds when needed. MultiBank's customer support is responsive and knowledgeable, promptly addressing queries and concerns. They value feedback and actively seek to improve their services. The broker offers a variety of analysis tools, empowering traders with technical and fundamental insights to make informed trading decisions. With an impressive range of tradeable assets including Forex, Metals, Shares, Indices, Commodities, and Cryptocurrencies, MultiBank caters to a diverse range of trading preferences.
  9 Aug 2023
I've been trading with MultiBank Group for a while now, and their quality of service is commendable. The trading platform is reliable, and their range of instruments is extensive. While customer support has been helpful, I've noticed that spreads can widen during high volatility periods. My experience with MultiBank Group has been positive overall. Their customer support is responsive and knowledgeable, and I appreciate the range of trading tools they offer. Withdrawals have been processed promptly, although the spreads could be tighter. The ability to choose from various account types is a plus.
  5 Aug 2023
Smooth deposit and withdrawal process. I did not encounter any issues for the past few months and I am looking forward to see consistency on good services. Surely recommended. It is a good trading broker to deal with. Withdrawals are always smooth and customer service are prompt. I am just a bit worried on pricing but all worth it. This is a good trading company. They are professional and they never fail to pay profit on time.
  31 Jul 2023
MultiBank Group offers a solid trading environment. I've found their customer support to be professional and responsive. The variety of account types and trading platforms caters to different trading preferences. However, the spreads on some pairs are higher than I'd like. As a professional trader, I've had a satisfactory experience with MultiBank Group. Their trading tools are advanced and have assisted me in making informed decisions. Withdrawals are processed in a timely manner, and their customer support team is efficient. On the downside, spreads on certain assets are wider than expected.
  21 Jul 2023
The signals are impressive and worthwhile. I gain good profit and experience excellent services. There are no withdrawal delays, too. I am impressed with MultiBank swift and reliable order execution. They have a user-friendly platform that makes trading easy and enjoyable. Their user-friendly interface makes trading a breeze, while their extensive range of financial instruments ensures endless opportunities. With their reliable customer support and prompt withdrawals, MultiBank truly stands out as a top-notch choice for both novice and experienced traders.
  17 Jul 2023
MultiBank Group offers a comprehensive range of trading options, suitable for both experienced and professional traders. Their customer support is top-notch, and I've never encountered any issues with withdrawals. However, the commissions could be more competitive, especially for high-volume traders. I appreciate MultiBank Group's efforts to provide a robust trading experience. Their customer support is knowledgeable and assists promptly. The variety of trading tools and platforms is impressive, although some have a learning curve. Spreads are generally tight, but there are moments of increased volatility.
  11 Jul 2023
Impressive broker signals and services. I have just started trading with this broker sometime last month but as early as now I can see good profit and it progresses. I am definitely keeping them as my trading adviser. Fine conditions. Many accounts and instruments. Low spreads. Fast order execution. Easy depositing and withdrawal to various payment systems.
  3 Jul 2023
For novice traders, the deposit bonus is highly recommended to minimize risks and enhance trade safety. Unlike other bonuses that provide additional margins, this bonus serves to hold your trading drawdown, enabling you to take slightly more aggressive trades for increased profitability. Good broker. Fine conditions. Many accounts and instruments. Low spreads. Fast order execution. Easy deposits.
  28 Jun 2023
Trading with MultiBank Group has been reliable and consistent. The customer support team is efficient, and withdrawals are processed without delays. Their trading platform is feature-rich, offering a wide range of technical indicators. However, the spreads can widen significantly during major news releases. MultiBank Group offers a competitive environment for professional traders. I appreciate their range of account types and the diversity of trading instruments. Customer support is prompt, but I've noticed occasional slippage during volatile market conditions. Spreads are reasonable but could be tighter.
  1 Jun 2023
I've been using MultiBank for my professional trading activities. Their customer support has been attentive to my inquiries, and withdrawals are processed smoothly. I've found their trading tools and educational resources beneficial. On the downside, spreads on certain pairs could be more competitive. MultiBank has proven to be a reliable broker for professional traders. Their customer support team is helpful and available around the clock. I've found their range of trading platforms suitable for my needs. While the spreads are generally competitive, I've observed instances of widening during market volatility.
  26 Nov 2022
The account was funded right away, traded around 3 weeks without problems, expert adviser works, customer support speaks arabic also, so far so good.
  21 Jun 2022
Have MT4 account with multibank group and execution is good.
All MultiBank Group Reviews

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