IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
TickmillMultiBank Group Review
Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck
Steven HatzakisSteven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. He is a forex industry expert and an active fintech and crypto researcher.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. All trading involves risk. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
MultiBank 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.
On the negative side, the broker’s market research offering is unimpressive and educational content is minimal although shows signs of progress; MultiBank’s poor performance in these important categories drags down its Overall rating.
-
Minimum Deposit:
$50 -
Trust Score:
84 -
Tradeable Symbols (Total):
1042
| Range of Investments | |
| Commissions & Fees | |
| Platforms & Tools | |
| Research |  |
| Mobile Trading | |
| Education | |
Check out ForexBrokers.com's picks for the best forex brokers in 2025.
| 2025 | #40 |
| 2024 | #38 |
Can I open an account with this broker?
Use our country selector tool to view available brokers in your country.
Table of Contents
Pros & cons
Pros
- Copy trading available via MultiBank’s proprietary platform.
- MEX Digital offers real crypto assets like Bitcoin.
- MultiBank-Plus platform features TradingView-powered charts.
- Dow Jones headlines integrated into MetaTrader.
Cons
- Research is limited and lacks depth.
- Education is basic, with only videos and ebooks available.
- Standard account spreads are above average.
- Only 1,042 of 14,145 markets are accessible by default in MT5.
My top three takeaways for MultiBank in 2025:
- MultiBank holds a variety of regulatory licenses across all Trust Score tiers.
- Pricing within MultiBank’s ECN account is competitive – despite the high minimum deposit requirement ($10,000).
- Research is limited and educational materials are minimal.
- MultiBank advertises 14,145 tradeable markets, but only 1042 are available by default in MT5. Access to additional markets must be requested via email.
Trust Score
Developed by ForexBrokers.com and in use for nearly 10 years, Trust Score is a proprietary rating system powered by a range of unique quantitative and qualitative metrics, including each company’s number of regulatory licenses. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). Learn more.
Is MultiBank Group Safe?
MultiBank Group is considered Trusted, with an overall Trust Score of 84 out of 99. MultiBank Group is not publicly traded, does not operate a bank, and is authorised by three Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and three Tier-4 regulators (High Risk). MultiBank Group is authorised by the following Tier-1 regulators: the Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS), and regulated in the European Union via the MiFID passporting system. Learn more about Trust Score.
| Feature |
 MultiBank
|
|---|---|
| Year Founded | 2005 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 3 |
| Tier-2 Licenses | 1 |
| Tier-3 Licenses | 0 |
| Tier-4 Licenses | 3 |
Range of Investments
MultiBank Group offers forex, CFDs, and underlying cryptocurrencies across its relevant brand entities around the world. MultiBank advertises 14,145 tradeable markets, with 14,054 stocks, 11 crypto CFDs, 11 commodity CFDs, 40 forex pairs, 6 metals, and 23 indices. However, the vast majority of MultiBank’s listed offering is unavailable when first logging into the broker’s available platforms.
The reality is that only 1042 markets are available by default on its MetaTrader platforms. Though the number of symbols available on the MetaTrader platform at MultiBank is on par with the industry median (982 symbols for MetaTrader offerings), traders that want to access the full range of MultiBank's advertised markets must submit manual requests via email. This frustrating process is at odds with how most brokers deliver investment products. The best forex brokers make all markets available directly within the trading platform, making it far easier to find trading opportunities.
Scalping: Though scalping is not prohibited, MultiBank requires advanced notice if you plan on using an Expert Advisor (EA) for algorithmic trading, as per its account terms and conditions.
| Feature |
MultiBank
|
|---|---|
| Forex Trading (Spot or CFDs) | Yes |
| Tradeable Symbols (Total) | 1042 |
| Forex Pairs (Total) | 40 |
| U.S. Stock Trading (Non CFD) | No |
| Int'l Stock Trading (Non CFD) | No |
| Social Trading / Copy Trading | Yes |
| Cryptocurrency (Physical) | Yes |
| Cryptocurrency (Derivative) | Yes |
| Disclaimers |
MultiBank fees
MultiBank offers three account types across its global entities for forex and CFD Trading: Standard, Pro, and ECN.
The Standard account requires just a $50 minimum deposit, but comes with higher relative spreads. In my opinion, MultiBank’s Standard account is best avoided unless you are a complete novice. The Pro account requires a $1,000 minimum deposit but features lower spreads than the Standard account. The lowest spreads available at MultiBank are featured on its ECN account offering, which requires a $10,000 minimum deposit and charges a small round-trip commission of $3 per trade.
Non-trading fees: MultiBank Group charges an inactivity fee of $60 per month if your account goes 90 days without trading activity.
| Feature |
MultiBank
|
|---|---|
| Minimum Deposit | $50 |
| Average Spread EUR/USD - Standard | N/A |
| All-in Cost EUR/USD - Active | N/A |
| Active Trader or VIP Discounts | No |
| ACH or SEPA Transfers | Yes |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
Mobile Trading Apps
MultiBank Group offers both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms developed by MetaQuotes Software Corp, in addition to its recently launched proprietary MultiBank-Plus mobile app, available for iOS and Android devices.
A detailed chart on the MetaTrader 4 mobile app, accessed through MultiBank's offering.
In 2024, MultiBank launched a proprietary mobile trading app called MultiBank-Plus. This mobile platform offers charting, watchlists, and research articles all wrapped in a modern-looking interface with smooth navigation. Like its web counterpart, the MultiBank-Plus app could use more tools and functionalities and fewer messages that feel like ad placements.
Steven's take
"Though MultiBank's app has a long way to go before it competes with the best mobile trading apps, it's a good foundation to build on and I look forward to seeing how it evolves in the years to come."
MT4 and MT5 are available for Android and iOS devices.
To learn more about using MT4 or MT5 on your mobile device, read our MetaTrader guide or our MetaTrader 5 guide.
| Feature |
MultiBank
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Watchlist Syncing | No |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Charting - Multiple Time Frames | Yes |
| Mobile Economic Calendar | Yes |
| Mobile Charting - Indicators / Studies | 30 |
Trading platforms
MultiBank offers several options for trading via popular third-party platforms: MT4, MT5, and multiple social copy trading platforms. This is a good foundation to build on, but MultiBank still trails behind the best forex brokers in this category, despite the launch of its MultiBank-Plus platform.
The login screen of the MultiBank Plus web platform.
MetaTrader: Developed by MetaQuotes Software Corp, the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) desktop and web platforms come standard at MultiBank Group brands, and live account holders get access to streaming news headlines from Dow Jones Newswire.
MultiBank-Plus: The latest platform available for web is MultiBank-Plus, which features a modern look with charts powered by TradingView. While I liked the modern look, there was lots of real estate that could be better used and it featured messaging that felt like in-platform ads to me. The platform offers some basic features, like watchlist and news articles. Overall, this is a good foundation for a brand-new proprietary platform, and I look forward to seeing how it progresses in the coming months and years.
Social Copy Trading: MultiBank Group brands offer two options for social copy trading: an in-house copy trading web platform, and the MetaTrader Trading Signals market (available with both MT4 and MT5). Though the in-house copy trading platform doesn’t yet deliver the same depth of features that you’d find with industry leaders in this category, I was pleased to see MultiBank Group brands developing this technology.
Trading Tools: MultiBank doesn’t provide a large selection of trading tools. Traders have access to a handful of basic trading tools, such as a few calculators and Virtual Private Server (VPS) hosting options via third-party providers. Otherwise, MultiBank delivers a plain vanilla platform offering across the MetaTrader.
| Feature |
MultiBank
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| Social Trading / Copy Trading | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| DupliTrade | No |
| ZuluTrade | No |
| Charting - Indicators / Studies (Total) | 38 |
| Charting - Drawing Tools (Total) | 17 |
| Charting - Trade From Chart | Yes |
| Watchlists - Total Fields | 7 |
Research
MultiBank Group does not rank highly in this category, due to the lack of any significant in-house or third-party research content. For the most part, the broker’s research offering is limited to a weekly newsletter and news headlines within its platforms.
MultiBank Plus platform news and research view, showing timely market news.
Though MultiBank does host a YouTube channel, most of its videos are promotional in nature and fail to engage in actual market analysis (and the channel itself is not very active). There was a Daily Markets Update video from MultiBank, but this was discontinued on YouTube in 2023. There are also a handful of themed landing pages that cover certain assets (for example, stock CFDs for popular shares like Tesla), as well as some related news headlines and Analyst Ratings powered by TradingView plugins.
Room for improvement: Research is an area where MultiBank Group has substantial room for improvement. I’d like to see MultiBank’s newsletter published in article format, which would make the content accessible beyond its email readership. Coverage of fundamental and technical analysis (and of market events) in article and video format would improve its overall research offering.
| Feature |
MultiBank
|
|---|---|
| Daily Market Commentary | No |
| Forex News (Top-Tier Sources) | Yes |
| Autochartist | No |
| Trading Central (Recognia) | No |
| Social Sentiment - Currency Pairs | No |
Education
Educational content at MultiBank is limited to a series of basic videos and ebooks powered by MTE Media, which are available on a new dedicated education section on the broker's website. I was pleased to see this new educational portal, and I’m looking forward to seeing more content from MultiBank. That said, this broker still has a long way to go if it wants to compete with the best brokers for education.
The MultiBank Group's educational e-book portal, powered by MTE Media.
Room for improvement: I’d like to see content produced by in-house staff alongside the resources from MTE Media. The addition of educational quizzes with progress tracking (features offered by some of the best brokers in this category) could further enhance MultiBank Group's educational offering.
| Feature |
MultiBank
|
|---|---|
| Education (Forex or CFDs) | Yes |
| Client Webinars | No |
| Client Webinars (Archived) | No |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | No |
| Investor Dictionary (Glossary) | No |
Final Thoughts
MultiBank Group’s best feature is its relatively high Trust Score; the broker holds multiple regulatory licenses, including Tier-1 licenses in Singapore and Australia. Also worth noting is its license to operate as a cryptocurrency exchange.
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.
MultiBank Star Ratings
| Feature |
MultiBank
|
|---|---|
| Overall Rating |
|
| Trust Score | 84 |
| Range of Investments |
|
| Commissions & Fees |
|
| Platforms & Tools |
|
| Research |
|
| Mobile Trading |
|
| Education |
|
ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.
Our testing
Why you should trust us
Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.
How we tested
At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. 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).
Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:
- For Apple, we use MacBook Pro laptops running macOS 15.3, and the iPhone XS running iOS 18.3.
- For Android, we use the Samsung Galaxy S20 and Samsung Galaxy S23 Ultra devices running Android OS 15.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.
Read next
- Best Low Spread Forex Brokers for 2025
- International Forex Brokers Search
- Best Forex Brokers for 2025
- Compare Forex Brokers
- Best Forex Brokers for Beginners of 2025
- Best MetaTrader 4 (MT4) Brokers for 2025
- Best Forex Trading Apps for 2025
- Best TradingView Brokers for 2025
- Best Copy Trading Platforms for 2025
More Forex Guides
Popular Forex Broker Reviews
About MultiBank Group
MultiBank Group was founded in 2005 and today employs over 600 staff globally. According to MultiBank Group's website, the broker is well-capitalized with over $322 million in paid-up capital.
The group serves over 320,000 clients across its entities, which includes MultiBank Group brands such as ASIC-regulated MEX Exchange, the MAS-regulated MEX Global Markets in Singapore, FSC-regulated MultiBank FX International in the BVI, and CIMA-regulated MEX Atlantic regulated in the Cayman Islands, among other entities regulated in various jurisdictions.
About the Editorial Team
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
John Bringans is the Managing Editor at ForexBrokers.com. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
Joey Shadeck is a 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.