General information and regulations of MultiBank Group
Founded in China in 2005, MultiBank Group is an online forex broker with a long history. Despite its name, MultiBank Group is not a bank, but a forex broker. MultiBank Group has offices in 25 countries. Traders have access to over 1,000 assets with a maximum leverage of 1:500.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks.....MultiBank Group allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on MultiBank Group.
Spreads and commissions for trading with MultiBank Group
We see that for Standard, Pro and ECN accounts, the minimum account spreads are 1.5, 0.8 and 0.0 pips respectively. As for commissions, MultiBank Group claims that there are no commissions on Standard and Pro accounts.
Account Types for MultiBank Group
Demo account: does NOT yet offer a demo account for you to test a little on the financial market without the risk of losing money.
Live account: MultiBank Group offers a total of 3 types of accounts: standard, pro and ECN. The minimum deposit to open an account is respectively $200, $1,000 and $50,000. If you are still a beginner and did not want to invest too much money in Forex trading, the standard or pro account will be the most suitable option for you. But we should also be aware that having too little capital not only reduces losses, but also profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with lower initial deposits usually have less favorable trading conditions.
Trading platforms offered by MultiBank Group
As for trading platforms, clients can choose between the market leaders MetaTrader4 and MetaTrader5, which can be accessed from many devices.
However, have you ever wondered or are you wondering which platform you should use？ Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.
https://www.wikifx.com/es/wikishow/202207208464173722.html
Leverage offered by MultiBank Group
MultiBank Group offers a maximum leverage of up to 1:500, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
Deposit and withdrawal methods and fees
As for deposits and withdrawals, the company only lists a few payment options, but does not cover the most important parts, such as additional fees, minimum amounts, time required for procedures, etc.
On the withdrawal page, MultiBank Group states that their withdrawals are very easy. Customers only need to submit a request or send an email to withdraw funds, but it does not provide other necessary information either.
Educational resources
There is no education section on the MultiBank Group website. Many brokers are able to provide a variety of educational resources such as video courses, seminars, e-books, related articles, glossaries that provide some basic knowledge about trading. This is not the case with MultiBank Group.
Customer support of MultiBank Group
Below are the details about the customer service.
Language(s): Chinese
Service Hours: 24/5
Email: cncs@dt1n.com
Users exposures on WikiFX
We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.
Advantages and disadvantages of MultiBank Group
Advantages:
Well regulated
High leverage
MT4, MT5
Many instruments available
Demo account
Disadvantages:
Few information available
Few deposit and withdrawal methods
No educational resources
Frequent asked questions about MultiBank Group
Is this broker well regulated？
Yes, it is currently effectively regulated by ASIC, MAS, CIMA, VFSC and BAFIN.
How much leverage does this broker offer？
The maximum leverage of MultiBank Group is 1:500. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.
10-15 years 
silicon valley
HoChiMinh
Hongkong
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