MultiBank Group Announces the Launch of Cutting-Edge Technology in Its New Trading Platform

Notably, MultiBank Group and its subsidiaries are regulated by over 14 regulators worldwide, including distinguished authorities such as SCA, MAS, CySEC, ASIC, CIMA, and more. This regulatory framework emphasizes MultiBank Group’s commitment to ensuring the highest standards of security, transparency, and compliance across its global operations. The Pro account is suitable for traders looking to take advantage of zero commissions, tight spreads, and instant execution. A commission-free account that is perfect for new traders looking to start investing. Platforms like MetaTrader 4 and MetaTrader 5 have become industry standards for a positive user experience, so that bodes well for MultiBank.

1. With a modern design and enhanced navigation, clients can now easily explore the wide range of financial services and products offered by MultiBank Group.
2. 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).
3. Islamic traders also need not feel left out, as there are Islamic Account options for those who follow the Muslim faith.
4. The VPS is compatible with all operating systems, and you don’t have to install the MetaTrader 4 terminal to get it to work.

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Research and education at MultiBank Group brands have a long way to go to catch up to industry leaders, but the broker continues to make progress in other categories. I was happy to see that it has developed its own social copy trading platform, and spreads are competitive on its ECN Account offering. Making its entire range of markets available by default and adding more educational and research content would help to balance MultiBank’s overall offering.

Pros and Cons

However, the vast majority of MultiBank’s listed offering is unavailable when first logging into the broker’s available platforms. https://limefx.group/, in operation since 2005, is home to numerous global brands and is regulated in jurisdictions all over the world. A multi-asset broker, MultiBank offers forex and CFDs through the MetaTrader platform suite (though not all markets are readily available) as well as underlying crypto assets via its regulated crypto exchange. The MultiBank Pro platform has similar features to ECN Pro, and it uses the MetaTrader 4 platform (one of the industry standards for trading). However, compared to ECN, you don’t have to make as high of an investment.

open trading account

To set up a live account at MultiBank Group, you’ll need to submit the same personal information that is required by every regulated forex broker for Know-Your-Customer (KYC) and Anti-Money Laundering (AML) compliance purposes. You’ll also need to specify some trading account settings, answer suitability questions, and provide proof of identity (such as a Passport or other Government-issued ID) along with proof of address. The same funding options available for deposits can be used to withdraw funds at MultiBank. Though processes may vary depending on the MultiBank Group entity that holds your account, withdrawals typically require a withdrawal request form.

Financial Services & Investing Overview

Since then, we have evolved into one of the largest financial derivatives companies worldwide, with a current paid-up capital of over $322 million. DUBAI, United Arab Emirates, October 06, (BUSINESS WIRE)–MultiBank Group, the global finance and technology giant, announced a record-breaking third quarter in 2023. The Group recorded a revenue of US$ 112,365,577 and a trading turnover of US$3 trillion in the third quarter of 2023, making it the most successful quarter in the history of the group, driven by the continued growth and expansion, and setting them up for another record-breaking year. Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

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MultiBank Group maintains 25+ offices worldwide catering to an international client base and partners with affiliates in major financial hubs around the world. The VPS lets customers run terminals 24/7, experiencing “stable, reliable” trade conditions that let them trade remotely from anywhere. The VPS is compatible with all operating systems, and you don’t have to install the MetaTrader 4 terminal to get it to work. There is a high data rate exchange between the main and remote servers, so the VPS is fast and smooth. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

For the most part, the broker’s research offering is limited to a weekly newsletter and news headlines within its platforms. Though there’s room for the overall experience to improve (it wouldn’t hurt to include additional resources for traders who are opening an account for the first time), I found MultiBank’s client portal generally comparable to industry standards. limefx official site introduces MultiBank-Plus Platform, an innovative and easy-to-use mobile app that redefines the way users approach trading. With a modern interface and user-friendly design, MultiBank-Plus offers a fast account opening process that takes just 3 minutes. This all-in-one Platform is designed to empower users with the tools they need to make informed financial decisions, conveniently accessible from their mobile devices.

Over the past decade, MultiBank Group’s achievements have been recognized by the global forex industry, including awards from distinguished financial institutions, media organizations, and publications. Your commissions will vary based on the type of account you choose, but the fees are reasonable. The main accounts at MultiBank include ECN Pro, MultiBank Pro, Maximus, and MT5. There are several features offered at MultiBank that clue you in as to this broker’s target customers. At MultiBank Group, the educational tools are light, so complete novices might find it a little difficult to get going.