MultiBank FX Review 2021
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| MultiBank FX is a regulated forex and CFD broker offering sign-up deposit bonuses, tight spreads and MT4 trading. | ||
MultiBank FX is a multiple award-winning broker that provides access to Forex, CFDs, indices, shares, commodities, cryptocurrencies. Traders that like the MetaTrader platforms can choose between both the MetaTrader4 and MetaTrader5 platforms at MultiBank FX.
MultiBank FX also gives traders access to 4 cryptocurrencies: BTC, LTC, ETH and XRP.
Careful traders will be pleased to know that MultiBank FX is licensed to provide trading services by multiple regulatory bodies, 7 in fact. Note, however, that the FCA here in the UK is not among them. Prudent traders might want the extra safety of going with an FCA-regulated broker.
MultiBank FX Summary
MultiBank FX is a regulated forex and CFD broker offering sign-up deposit bonuses, tight spreads and MT4 trading.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, shares, commodities, cryptocurrencies |
| Demo Account | ✓ |
| Min. Deposit | $50 |
| Min. Trade | 0.1 lots |
| Regulated By | ASIC, BaFin, FMA, CNMV, DFSA, FSC, CIMA |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✓ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✓ |
| Mobile Apps | ✓ |
| Auto Trading | Yes (APIs) |
| Trade Signals | ✓ |
| Social Trading | ✓ |
| Copy Trading | ✓ |
| Islamic Account | ✓ |
CFD Trading
Trade contracts for difference across markets with up to 1:500 leverage.
| Leverage | 1:500 |
|---|---|
| FTSE Spread | Not offered |
| GBPUSD Spread | 0.8 |
| Oil Spread | 0.03 |
| Stocks Spread | Variable |
Forex Trading
MultiBank FX offers investing in leading major, minor and exotic currency pairs.
| GBPUSD Spread | 0.8 |
|---|---|
| EURUSD Spread | 0.3 |
| EURGBP Spread | 0.8 |
| Assets | 45+ |
Cryptocurrency Trading
Trade a selection of the top cryptos against the US Dollar with 50% margin.
| Spread | Floating |
|---|---|
| Coins | BTC, LTC, ETH, XRP |
Payment Methods
MultiBank FX accepts the following payment methods:
- Wire Transfer
- Swift
- Visa
- Mastercard
- Credit Card
- Skrill
- Neteller
- Perfect Money
Awards
MultiBank FX is a multiple award-winning broker, with 6 awards received so far.
- Best FX Service Provider 2020 - International Business Magazine
- Best FX Customer Service 2020 - Forex Awards
- Best Apac Region Broker 2020 - International Financial Awards
- Best Forex & CFD Broker 2019 - Jordan Forex & Expo Awards
- Financial Services Provider of the Year Asia 2019 - Global Brands Magazine
- Best Forex Trading Platform Hong Kong 2018 - International Finance Magazine
FAQ
Is MultiBank FX Safe?
Yes, we have given MultiBank FX a high 90% trust score in this review and believe traders should be safe here.
Does MultiBank FX Accept PayPal?
No, MultiBank FX does not accept PayPal payments.
Is MultiBank FX Halal?
Yes, MultiBank FX does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does MultiBank FX support?
With MultiBank FX you can trade on 2 different platforms: MetaTrader 4 and MetaTrader 5.
Is MultiBank FX Regulated?
Yes, MultiBank FX is regulated by 7 different regulators: ASIC, BaFin, FMA, CNMV, DFSA, FSC and CIMA.
The fact that MultiBank FX is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for safer options.
MultiBank FX vs Other Brokers
If you want to compare MultiBank FX with other brokers, use the detailed comparisons below.
MultiBank FX vs |
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| MultiBank FX is a regulated forex and CFD broker offering sign-up deposit bonuses, tight spreads and MT4 trading. | ||