MultiBank Review 2023
Established in 2005, MultiBank Group has successfully stamped its authority in the world of trading. It has a valid impact in the foreign exchange industry with providing exemplary products, services, and trading platforms. With a paid-up capital of over $322 million, MultiBank Group is recognized as one of the largest only financial derivatives providers worldwide.To get more news about multibankfx review, you can visit wikifx.com official website.
On first acquaintance with MultiBank Group, I got a feeling that it wasn’t like the other trading firms I dealt with. The trading terms were clear and obvious: information on the funds’ withdrawal, specifications for contracts for all trading assets and more. Also, the trading terms are very favorable compared to other brokers in the market. They offer spreads below the market average with a minimum deposit of only $50. At Multibank Group, they value their partners and offer competitive packages and rebates for IBs.
The technical part is also very clear and transparent. According to traders, it is easy to add custom indicators or Expert Advisors created in the standard MQL code to them. On the other hand, the social trading platform is a little harder to understand, but with their dedicated customer service support, everyone can understand and use it thoroughly.
Clients might seem a little skeptical at first because of the 1:500 leverage provided but the fact that it is licensed from over 10 regulators around the world assures you that there is nothing unclear or misleading about it.MultiBank Group services an extensive client base of over 320,000 clients across the globe. The Group provides an extensive range of 20,000+ financial products across various asset classes including Forex, Metals, Commodities, Indices, Shares and Cryptocurrencies. In addition, MultiBank Group offers opportunities for clients who are seeking additional income by its Partnership Programs.
The Group provides an excellent opportunity for traders to join and trade via a social network and profit from the knowledge of trading experts. They can earn passive income by copying transactions of successful traders or, conversely, become a signal provider.
MultiBank Group’s trading conditions will vary according to the trading account or platform used. Orders will be executed in accordance with trading conditions or spreads at the time. MultiBank Group provides stop-out level, where trading platforms are set to automatically close positions whenever such level is reached. With a low minimum deposit and a leverage of up to 1:500, clients can implement a high number of trading strategies to multiply their profits. According to trading conditions, the minimum spread starts at 0.0* pips on FX.
MultiBank Group positions itself as a pure ECN, Non-Dealing Desk broker that works directly with liquidity providers, offering optimal spreads and commissions. They are globally recognized for its Introducing Broker’s Program, with a network of over 30,000 IBs. They value their partners and guarantee the best market prices for order execution without slippage.
Clients can choose from the MT4 and MT5 platforms, where they can access flexible charting variations for each market. You can open a maximum of 5 live accounts under the same account holder’s name.
