MultiBank Group Review

Active forex and CFD traders

ASIC BaFin CySEC MAS FMA SCA CIMA FSC VFSC AUSTRAC

Founded 2005 · United Arab Emirates · MEX Group Worldwide

Why investors choose this broker

Regulated by 15+ authorities including ASIC, BaFin, CySEC and MAS
Over 20,000 tradable instruments including 14,000+ share CFDs
No deposit or withdrawal fees
ECN account offers raw spreads from 0.0 pips

Review summary

MultiBank Group is a Dubai-headquartered forex and CFD broker founded in 2005, offering over 20,000 instruments across forex, share CFDs, indices, metals and crypto through MT4, MT5 and a proprietary platform.

Pros

Regulated by 15+ authorities including ASIC, BaFin, CySEC and MAS
Over 20,000 tradable instruments including 14,000+ share CFDs
No deposit or withdrawal fees
ECN account offers raw spreads from 0.0 pips
Free demo account with virtual funds, no deposit required
MAM and PAMM account support for professional money managers
Excess loss insurance up to $1 million per account through Lloyd's of London
Free VPS hosting available for qualifying accounts

Cons

Inactivity fee of $60 per month after just 3 months of dormancy
ECN account requires a $10,000 minimum deposit
Standard account spreads of 1.5 pips on EURUSD are above the industry average
No physical stocks, ETFs or bonds - instruments are CFDs only
FCA (UK) has flagged MultiBank Group as an unauthorised firm for UK residents
Offshore entities such as VFSC and CIMA do not offer investor compensation schemes
Limited educational resources compared to major retail brokers

Company background

MultiBank Group was founded in 2005 in California and has since relocated its headquarters to Dubai, UAE. The group operates as a registered trade name of MEX Group Worldwide and serves over 2 million clients across 100+ countries through 25+ offices. The group claims paid-up capital exceeding $322 million and does not accept clients from the United States.

Key regulated entities include MEX Australia Pty Ltd (ASIC AFSL 416279), MEX Asset Management GmbH in Germany (BaFin HRB 73406), MEX Europe Ltd in Cyprus (CySEC 430/23), MEX Global Markets PTE. LTD in Singapore (MAS CMS101174), and MEX Global Financial Services L.L.C in the UAE (SCA licence 20200000045).

Fees and pricing

MultiBank Group offers three main account types. The Standard account requires a $50 minimum deposit with spreads from 1.5 pips and no commission. The Pro account requires $1,000 with spreads from 0.8 pips and no commission. The ECN account requires $10,000 with raw spreads from 0.0 pips and a commission of $3 per lot per side. Islamic accounts are available on request.

No deposit or withdrawal fees are charged by MultiBank Group. An inactivity fee of $60 per month applies after three consecutive months without trading. Overnight swap fees apply to leveraged positions held past the daily rollover.

Regulation and safety

MultiBank Group holds regulatory licences from more than 15 authorities across five continents, including Tier-1 oversight from ASIC, BaFin, CySEC and MAS. Client funds are segregated and held at major banks including HSBC, Deutsche Bank and NAB. Negative balance protection applies to clients under ASIC and EU-regulated entities. CySEC-regulated clients may access the Investor Compensation Fund up to EUR 20,000; offshore entities such as VFSC and CIMA do not offer equivalent schemes. The FCA (UK) has flagged MultiBank Group as an unauthorised firm; UK residents are excluded from the broker's client base.

Platform experience

MultiBank Group offers MetaTrader 4, MetaTrader 5 and the proprietary MultiBank-Plus platform via web and mobile apps for iOS and Android. MT5 provides access to over 20,000 instruments including 14,000+ share CFDs. A free demo account is available without a deposit. FIX API, free VPS hosting and MAM and PAMM account structures are available for qualifying accounts.

Pros and cons

MultiBank Group key strengths include extensive multi-jurisdictional regulation, a wide instrument range of 20,000+ assets, no deposit or withdrawal fees, and competitive ECN pricing. The main drawbacks are a $60 per month inactivity fee triggered after just three months, standard spreads above the industry average, a $10,000 minimum for ECN, and no physical stock or ETF investing.

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Trading fees & commissions

MultiBank Group charges no deposit or withdrawal fees. Spreads start from 1.5 pips on Standard accounts and 0.0 pips on ECN accounts with a $3 per lot commission. An inactivity fee of $60 per month applies after three consecutive months without trading activity.

Fees

Item	Fee
Cfds	Varies by instrument and account type; share CFDs, indices, commodities and crypto CFDs available
Crypto	Available as CFDs; commission structure follows account type
Margin	Overnight/swap fees apply to leveraged positions held past the daily rollover; swap-free (Islamic) accounts available on request
Account	No account opening or management fee
Deposit	No deposit fees charged by MultiBank Group; third-party payment provider fees may apply
Inactivity	$60 per month after 3 consecutive months of inactivity
Withdrawal	No withdrawal fees charged by MultiBank Group

Trading platform & features

Platforms

MetaTrader 4
MetaTrader 5
MultiBank-Plus
Web app
iOS app
Android app

Regulation and investor protection

MultiBank Group operates through entities regulated by ASIC, BaFin, CySEC, MAS, FMA, SCA, CIMA, FSC, VFSC and others across more than 15 jurisdictions. Client funds are held in segregated accounts at major banks including HSBC, Deutsche Bank and NAB.

Broker FAQs

Is MultiBank Group safe?

MultiBank Group operates through entities regulated by ASIC, BaFin, CySEC, MAS and other authorities. Client funds are held in segregated accounts at major banks including HSBC, Deutsche Bank and NAB, and the group carries excess loss insurance up to $1 million per account through Lloyd's of London.

Is MultiBank Group a scam?

No. MultiBank Group holds regulatory licences from more than 15 authorities including Tier-1 regulators ASIC, BaFin, CySEC and MAS. However, the FCA (UK) has flagged the group as an unauthorised firm; UK residents are not accepted.

Is MultiBank Group regulated and by whom?

Yes. Key regulators include ASIC in Australia (MEX Australia Pty Ltd, AFSL 416279), BaFin in Germany (MEX Asset Management GmbH, HRB 73406), CySEC in Cyprus (MEX Europe Ltd, 430/23), MAS in Singapore (MEX Global Markets PTE. LTD, CMS101174) and SCA in the UAE. Additional registrations include FMA (New Zealand), CIMA (Cayman Islands), FSC (Mauritius) and VFSC (Vanuatu).

Does MultiBank Group keep client funds in segregated accounts?

Yes. MultiBank Group states that client funds are held in segregated accounts at major international banks including HSBC, Deutsche Bank and NAB, separate from the company's own funds.

What happens to my money if MultiBank Group goes bankrupt?

Client funds are held in segregated accounts at major banks. Clients regulated under CySEC may be eligible for Investor Compensation Fund (ICF) protection up to EUR 20,000. Clients under offshore entities such as VFSC or CIMA do not have access to equivalent compensation schemes. The group also carries excess loss insurance up to $1 million per account through Lloyd's of London.

What products does MultiBank Group offer?

MultiBank Group offers over 20,000 instruments including 55+ forex pairs, 14,000+ share CFDs, indices, commodities, metals and cryptocurrency CFDs. All instruments are traded as CFDs; the broker does not offer physical stocks, ETFs or bonds.

Does MultiBank Group offer forex trading?

Yes. MultiBank Group offers 55+ forex pairs across Standard, Pro and ECN account types with spreads from 1.5 pips on Standard and 0.0 pips on ECN accounts.

Does MultiBank Group offer crypto trading?

Yes. MultiBank Group offers a selection of cryptocurrency CFDs including Bitcoin and other major cryptocurrencies. These are CFD instruments and do not represent ownership of the underlying asset.

Does MultiBank Group offer share trading?

MultiBank Group offers over 14,000 share CFDs through MT5, primarily on the ECN account. The broker does not offer physical share ownership, ETFs or listed options.

What does MultiBank Group charge for forex trading?

Standard accounts carry spreads from 1.5 pips with no commission. Pro accounts carry spreads from 0.8 pips with no commission. ECN accounts carry raw spreads from 0.0 pips with a commission of $3 per lot per side.

Is there a withdrawal fee at MultiBank Group?

MultiBank Group does not charge withdrawal fees. Third-party payment provider charges may apply depending on the chosen withdrawal method.

Does MultiBank Group charge an inactivity fee?

Yes. MultiBank Group charges $60 per month after three consecutive months of inactivity. This is higher than many competing brokers and triggers after a relatively short dormancy period.

Does MultiBank Group have a demo account?

Yes. MultiBank Group offers a free demo account with virtual funds, giving access to the trading platforms without requiring a deposit.

Does MultiBank Group have a mobile app?

Yes. MultiBank Group provides iOS and Android apps for the MultiBank-Plus platform, as well as mobile access to MetaTrader 4 and MetaTrader 5.

Is MultiBank Group good for beginners?

MultiBank Group offers a free demo account and a low $50 minimum deposit on the Standard account. However, the platform is primarily geared toward active forex and CFD traders, and educational resources are limited compared to major retail brokers. The high inactivity fee may disadvantage occasional traders.

Is MultiBank Group good for long-term investing?

MultiBank Group does not offer physical stocks, ETFs or bonds, so it is not suited to buy-and-hold investors. Its product range consists entirely of CFDs, which carry overnight swap costs for positions held long-term and involve leveraged risk.

Bottom line

MultiBank Group suits users who want a heavily regulated multi-jurisdictional forex and CFD broker with a wide instrument range, ECN pricing and professional account structures such as MAM and PAMM. It may not suit users who want to invest in physical stocks or ETFs, who trade infrequently due to the $60 monthly inactivity fee, or who are based in the UK.

MultiBank Group

Active forex and CFD traders

Open Account

Your capital is at risk. Other fees apply.