MultiBank Exchange Group is providing benefits to more than 280,000 institutional and retail clients who belong to 90 different states. However, the headquarters of MultiBank is located in Hong Kong. But, the very first headquarter was in California. Recently, the company has created its offices in the following locations:
- Los Angeles
Regulation Of MultiBank Group
MultiBank forex exchange group is legal and authentic, and according to the company, it is regulated by the world-famous financial authorities that are:
- ASIC- Australia
- BaFin of Germany
- DFSA (UAE)
- CNMV of Spain
- There is another offshore registration with FSC of the British Virgin Islands
- CMA of Cayman Islands
There are different regulations for different jurisdictions; hence, the rules are different regarding leverage.
- If we talk about European traders, they are permitted to apply maximum leverage of about 1:30 for different currency pairs.
- The leverage ratio for Australian customers is high, and the ratio is up to 1:500. And, for the clients belonging to Dubai, the leverage is up to 1:200.
- Professional clients and international traders are entitled to 1:500 leverage.
Multibank Trading Accounts
The specifications of trading accounts are divided into different offers and accounts available for retail traders are:
- ECN Pro
- MultiBank Pro
Trading accounts offered by MultiBank are high in liquidity, and your funds are completely secure. Also, permission is required to trade different instruments that are:
- Foreign currency
- CFDs on stocks
The trading platforms provided by MultiBank are very advanced and professional. They are Meta Trader 4, or MT4, and the Meta Trader 5 or MT5. Furthermore, there is an opportunity of creating social trading and MAM accounts.
The lowest deposit needed for opening an account with MultiBank is $50, and without putting in this money, you can’t start trading with your account. With the real trading opportunity, all types of traders can be benefited.
MultiBank Group is a company that contains a huge range of operating offices. But still, it is increasing its offices and trading portfolios. As MultiBank claims to be a highly regulated broker, so it satisfies its customer by assuring a secure trading environment. Also, the users get the option to select between accounts that are suitable for novice traders or experienced investors. Moreover, competitive trading is possible through STP order processing.
Drawback Of MultiBank
The charges of CFD and inactive accounts are too high. Also, their website interface is not too good as a lot of people have lost their money because of the low server of their website.
Thus, the MultiBank review tells that it is a famous forex broker for its negative reviews. A lot of people are not satisfied with this broker as they have lost their money because of the bad server of their website. In addition, the users have to pay a lot of hidden fees that are not mentioned in the contract of the website.