MultiBank Exchange Group Review

Overall Rating


Top 5 Forex Brokers

 MultiBank Review

📅 Year founded


📈 Multiple top-tier regulation


📍 Headquarters

Dubai, UAE

🌍 Country of regulation

United Arab Emirates / United States of America / Hong Kong / Australia / British Virgin Islands / Cayman Islands / China / Cyprus / Malaysia / Mexico / Philippines / Germany / Austria / Vanuatu

✅ Regulators


📈 Execution Type

Market Execution

💰 Minimum Deposit

Standard is $50 USD / Pro is $1 000 USD / ECN is $10 000 USD

🛡️ Negative Balance Protection


📉 Trading Platforms

MetaTrader4 / MetaTrader5 / Web Trader / MultiBank Trader 4 / MultiBank Trader 5 / MultiBank-Plus

 ☪  Islamic account


📉 Trading Instruments

Forex / Metals / Shares / Indices / Commodities / Cryptocurrencies

📱 Mobile trading

iOS / Android

💳 Payment Types Accepted

Credit and Debit Cards / Bank Transfer / Neteller / Skrill / Swift / Pagsmile / myFatoorah / Plus Wallets / Thai QR Payment / PayTrust / Pay Retailers / Korapay / Payment Asia / Boleto / PIX / SPE / Praxis / GCash / Dragonpay / Globepay / Cryptocurrencies

🎮 Demo Account


 ⓒ Copy Trading


🎁 Bonus Offer

20% Deposit Bonus up to $40 000 USD

💰 Account Currencies


📈 Minimum Trade

0.01 lots

📈 Account Types


📈 Margin Trading


📈 Trading fees


📈 Inactivity fee

After 3 months of inactivity

💰 Withdrawal fee


☎ Customer Support

Multilingual 24/7 support

💰 Max. Leverage


✔️ Hedging Allowed


✔️ Scalping Allowed


💰 Commission


💰 Spreads

From 0.0 pips

💰 Leverage


💰 Currency Pairs (Total Forex pairs)

55 +

🔢 Number of clients

1 000 000 +

🥇 Instruments Offered

20 000 +

📙 Education

Variety of Video Courses / eBooks

Click here ✅ Open a Trading Account




Found in 2005, MultiBank Exchange Group (MultiBank) is a respectable forex and CFD brokerage firm with its headquarters located in Dubai, UAE. This online broker is regulated by a variety of top tier regulators worldwide.

At MultiBank, clients can trade a range of trading instruments, such as forex, metals, shares, indices, commodities and cryptocurrencies.  

The broker also offers a variety of trading platforms to its traders, including MetaTrader4 (MT4), MetaTrader5 (MT5), Web Trader, MultiBank Trader 4, MultiBank Trader 5 and MultiBank-Plus.




This group was formed in the year 2005. It was founded in California, USA before moving is headquarters elsewhere and finally settling in Dubai, UAE.

MultiBank offers a variety of trading instruments as mentioned above, with more than 20 000 instruments on offer to traders, making it one of the largest offerings available in the industry.

All are covered through known trading platforms including MT4 and MT5 as well as MultiBank’s own trading platforms. They can be accessed through Windows, Mac, Web Trader and mobile platforms.

Clients are offered four main types of account by the broker. These accounts include the Standard, Pro, ECN and Islamic accounts which utilise a swap-free option.

The commissions on the ECN Pro accounts can be from zero and competitive depending on the spread. There are others which are commission free like the Standard and Pro accounts.

As a client, one can access various features including expert advisors, PAMM Accounts, FIX API, Virtual Private Servers (VPS) and Social Trading. This has shown a great range of additional features in trading.

No payment is made while withdrawing or depositing. They offer a large number of payment methods including debit / credit card, e-wallets, cryptocurrencies and bank transfers.

Customer service is offered 24/7 in various different languages and can be accessed via phone, email and live chat features.





  • No charges applied while withdrawing and depositing.
  • Offers great customer care.
  • Availability of MT4 and MT5.
  • They offer demo accounts for practice.
  • They are regulated through multiple different jurisdictions.
  • Traders have access to over 20 000 trading instruments to make use of.
  • They offer a wide variety of accounts including ECN, VPS, NAM and PAMM accounts.
  • Their accounts are easy and fast to open.



  • MultiBank provides limited research and educational material.
  • They offer comparatively high minimum deposits.
  • The spread offered on the Standard account is higher than other brokers in the industry.
  • cTrader was recently discontinued at MultiBank.




MultiBank offers a variety of different trading instruments. Between forex, metals, shares, indices, commodities and cryptocurrencies, MultiBank offers over 20 000 tradeable instruments. The downside of tis large offering, is that access to most need to be requested by email. Initial login to the MT5 platform only comes with access to 1 042 instruments initially.

The access to these accounts come on all platforms offered by MutiBank. The large offering from MultiBank can be considered one of the most diverse offerings available from brokers on the market today.




MultiBank offers a comprehensive suite of trading options through the MT4 platform, catering to both desktop and mobile users. Here’s a breakdown of the available options:


MT4 and MT5 Desktop Platform:

MultiBank provides MT4 and MT5 for desktop users, featuring an array of advanced functions, including copy trading and automated trading capabilities. MT4 is accessible in 39 languages, ensuring a global reach. Notable features of the platform include:

  • Alerts: Traders can set price level alerts, which can be delivered via audio, email, or mobile push notifications.
  • Watchlists: Users can create customized lists of their preferred instruments and monitor live quotes through the Market Watch panel.
  • One-click trading: This feature enables traders to swiftly execute orders with a single click, ideal for short-term trading.
  • Trading from the chart: MT4 and MT5 allows traders to place orders directly from the chart, enhancing convenience.
  • Order Types: MT4 and MT5 offers various order types, including Market Orders, Limit Orders, Stop Loss Orders and Trailing Stop Orders.
  • Charting Features: MT4 boasts a robust charting package with 30 technical indicators, 23 analytical objects, 9 time frames and 3 chart types.
  • Copy Trading and Automated Trading: The platform supports Trading Signals for automatic copying of other traders’ activities, and users can develop, test, and apply Expert Advisors (EAs) for algorithmic trading.


MetaTrader 4 Web Platform:

The MetaTrader Web Platform (Web Trader) offers a streamlined version of the desktop platform, accessible via a web browser. Key features include:

  • One-click trading: Quick execution with a single click.
  • Trading from the chart: Ability to place orders directly from the chart.
  • Watchlists: Real-time quotes and trade history.
  • Advanced Charting: Access to 37 technical indicators for technical analysis.
  • Please note that copy trading and automated trading features are exclusive to the MT4 desktop platform.


MetaTrader 4 Mobile App:

For mobile traders, MultiBank provides the MT4 mobile app for both Android and iOS devices. Features of the app include:

  • Alerts: Receive price alerts, execute one-click trades, and trade directly from the chart.
  • Order Types: Access various order types, although trailing stop loss orders are only available on the desktop version.
  • Language Settings: To change the language of the MT4 app, you must adjust your phone’s language settings.
  • Comprehensive Features: The mobile app offers an extensive range of features for traders on the go.
  • Order Execution: MultiBank employs a non-dealing desk model for order execution. All orders are routed through an Electronic Communication Network (ECN) to connect with over 20 interbank liquidity providers, ensuring efficient and transparent order execution.

In summary, MultiBank’s MT4 and MT5 platforms cater to traders with a variety of preferences and needs, offering a robust set of features and order execution through the ECN model. Whether you prefer desktop, web or mobile trading, MT4 and MT5 provide a versatile and comprehensive trading experience.




They have various accounts options to suite a variety of needs. The accounts offered include:


ECN Account

It is an MT4 forex account which uses an electronic communication network to counterpart buyers and sellers while the accounts vaunt an impressive spread from 0.0 pips on major forex pairs.

Given access to the refer friend scheme and the deposit bonus while the minimum account deposit is $10 000 USD.


Pro Account

The minimum deposit is $1 000 USD. It is the group’s second MT4 account. This is another strong account option when it spreads from 0.8 pips and a 20% deposit bonus.


Standard Account

It has a low minimum deposit of $50 USD. This is an appealing option due to the commission free options, with pricing included in the spread, which starts from 1.5 pips.


Islamic Account

The account is a swap-free account with zero interest charged and is thus suitable for those of the Islamic faith.




Traders who are opening an account for the first time with MultiBank are required to go through the “know your customer” process.

This ensures that your funds are safe and allows MultiBank to ensure that you have submitted the correct personal details and your account details are correct.

After registration you will be emailed your login details which you will use to login to your account and start trading.

The whole process of opening an account with the broker is fully digital. One can fill in forms, scan and submit your documents within 20 minutes.


These are the steps to follow when opening an account with MultiBank:

  • Traders can select their own control they wish to belong to.
  • Traders are capable to choose their own account type.
  • Traders can add their own email address or country of residence.
  • Clients can confirm their identity and residency.




Demo accounts are funded with money that is offered by MultiBank allowing you to gain trading experience without risking any capital.

The MultiBank demo account offers $100 000 USD virtual opening balance. The brokers have provided a registration form from the broker’s website. Once signed up it is assured that users get demo access to both MT4 and MT5.

Clients can craft strategies and building confidence while getting familiarised with market conditions. Lastly it an effective way to test a potential broker and their software.




MultiBank provides commissions according to the account types. They offer a collection of commission free and commission-based accounts.

Where commissions are charged, such as the ECN account, commission starts from $3 USD per lot when opening and closing trades.

The average spreads can change for each account. The ECN account spread starts from 0.0 pips while MultiBank’s Pro starts from 0.8 pips. The Standard account offers spreads from 1.5 pips, while commissions are built into the spread.

An inactivity fee of $60 per month also applies when there are no positions opened on the account for three months.




This is a facility that enables customers to get larger exposure to the market you are trading on than the amount that was deposited to open the trade.

Leverage can result in increased profits but can also result in higher losses. The leverage on offer to customers is dependent on the jurisdiction in which the resident resides as the regulatory rules are different.

There are some countries that signify lower allowed leverage such as European entities with a maximum of 30:1 for major currency pairs. Clients in other jurisdictions may have access to leverage of up to 500:1.




They provide a selection of secure simple and direct payment options for both deposits and withdrawals.

This is also dependant on the jurisdictions where clients are based. The various options offered are listed in the table above.

MultiBank does not charge clients on withdrawals or deposits, but there may be fees applicable which are charged by the financial institutions through which payments are processed.

Withdrawals can take place in different ways. To withdraw funds from account one should submit the request online and the money will be sent to the selected method.

They can also be administered via email address associated with your account.




MultiBank offers customer service 24/7 in up to 12 different languages, boasting one of the most extensive and efficient customer service offerings on the market.

Clients are able to contact the broker through live chat, phone or email and experience nearly zero waiting times.




MultiBank has limited research offerings with only an Economic Calendar panel for traders to access on its website. Unfortunately, they also have a limited education offering with only a few video introductory courses available on their website.




Over the years, MultiBank has won a number of prestigious international awards including some listed below:

  • World’s No.1 Financial Broker (2023) – Forex Expo Dubai.
  • Best Global Financial Broker (2023) – Forex Traders Summit Dubai.
  • Best Forex Broker (2023) – Fintech & Crypto Summit Bahrain.
  • Best Broker of the Year (2022) – Traders Union Awards.
  • Best Global Broker (2022) – Pan Finance.
  • Best Global Crypto Broker (2021) – Forex Expo Dubai.
  • Best Global Broker (2021) – Finance Magnates.
  • Most Trusted Global Broker (2021) – Global Business Review Magazine.




MultiBank is registered in multiple jurisdictions and by multiple entities including ASIC, AUSTRAC, BAFIN, CIMA, ESCA, CySec, FSC, FMA, MAS, TFG and VFSC.

The broker has been around since 2005 and thus has a track record of over 18 years for clients to rely on, while their insurance policy with Lloyd’s of London is another positive in terms of safety and security.

Their transparency is clear to see and according to our research, we would suggest that this broker ranks highly in terms of safety for clients.




MultiBank stands out as a top-tier broker, particularly appealing to experienced traders due to its notable strengths.

Experienced traders will find MultiBank to be an impressive brokerage firm in various critical aspects. Notably, the low trading-related fees significantly reduce costs for active traders. Moreover, the process of deposits and withdrawals is not only swift but also entirely free, offering traders a choice among multiple payment methods. The availability of instant customer support adds to the broker’s appeal.

MultiBank provides a suite of tools tailored for professional traders and money managers, including MAM/PAM, VPS Hosting and Fix API solutions.

For novice traders, the broker unfortunately does not offer a wide range of learning and research materials so novice traders may struggle to learn. However, traders do benefit from access to remarkably high leverage options.

Importantly, MultiBank extends an extra layer of security with a $1 000 000 USD insurance policy underwritten by Lloyd’s of London, instilling confidence that their funds are safeguarded.

In our opinion, MultiBank can be considered on of the best brokers on the market. They have a wide variety of trading instruments on offer and represent good value for money for experienced traders.

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