MultiBank

✅Review【MultiBank】broker is scam or safe? Fee、App、pros、cons

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7.6/10 (Expert Score)
Product is rated as #7 in category Broker
MultiBank Financial Bank provides a well-regulated trading platform and spreads, and has multi-country supervision, which basically ensures that your capital is generally recognized as safe on this trading platform. The only drawback is that it must be conservative in innovation in order to comply with supervision. Concessions have also led to the fact that although they are ahead of their competitors in the early trading interface, emerging competitors also provide better customer experience. However, MultiBank Chase Financial Bank is rushing to catch up with these competitors. By focusing on customer experience as a priority, the platform provides excellent Customer service.
Trading Conditions
10
Trust Rating
10
Trading Fee
5
Deposits and Withdrawal
10
Customer Service
10
APP
10
User friendly
6
PROS:
  • Excellent customer service
  • Excellent trading interface
  • Multinational supervision regulation
  • High financial security
CONS:
  • Lack of trading signals
  • No novice teaching
  • Prohibition of scalping trade

MultiBank Chase Bank Financial Group was founded in 2005 in the United States as one of the first into the electronic trading broker trading platform, the company’s core business is the early leader in the industry of electronic trading model, you can trade a range of financial products, such as foreign exchange, stock ,Metal,
Commodity and index CFDs, the company’s daily trading volume exceeds 6.2 billion US dollars, involving 320,000 customers from 90 countries.

What is MultiBank Group ?

MultiBank Group and its subsidiaries are regulated by the Austrian Financial Market Authority (“FMA”),
German Federal Financial Supervisory Authority (“BaFin”), Australian Securities and Investments Commission (“ASIC”), British Virgin Islands Financial Services Commission (“FSC”), Spanish National Securities Market Commission (“CNMV”), UAE Ma Kok Free Trade Zone (“RAK”) and Cayman Islands Monetary Authority (“CIMA”).
.

The Group and its subsidiaries are licensed and regulated globally through relevant institutions such as Australia ASIC, Germany BaFin, Austria FMA, Spain CNMV, British Virgin Islands FSC, Cayman Islands CIMA and UAE RAK. This means that customers can trade with confidence, while enjoying complete financial security, including isolation account to provide the most favorable trading conditions and avoid injuries account warehouse explosion generated, providing up to 500, including more than 1,000 kinds of products: 1 leverage Rate, the lowest spread from 0.1 pips and 100% ECN platform.

MultiBank Awards Safe or a scam or Awards Safely ?

We have checked that MultiBank Group is subject to national/regional and government regulations, so it is also suitable for safe transactions and negative balance protection. Therefore, if your loss exceeds your deposit, your loss of funds will not exceed your own capital, if In the event of certain uncontrollable market risks, you will not need to pay additional losses in excess of the principal

NFA(USA):Company Registration Number:0486419
ASIC(AUS):Company Registration Number:416279
FMA(AT):Company Registration Number:491129z
BaFIN(GER):Company Registration Number:HRB 73406
CySEC(EU):Company Registration Number:199/13 300153
FSC(Mauritius):Company Registration Number:SIBA/L/14/1068
DFSA (UAE):Company Registration Number:F004403

Leverage

CySEC (EU) & FCA(UK) & ASIC(AUS):

  • x30 for major currency pairs
  • x10 for commodities
  • x5 for CFD stocks
  • x2 for Crypto currencies

SCB (Panama) FSC (Mauritius)

  • x500 for major currency pairs
  • x100 for commodities
  • x20 for CFD stocks & ETF
  • x5 for Crypto currencies

Trading fees

Classic accountVIP accountRaw account
SpreadFrom 1.4From 0.8From 0.0
fee$0 in all foreign exchange trading
$2 trade on all indices
0.15% in stock CFD trading
$0 in all foreign exchange trading
$0 trade on all indices
0.15% in stock CFD trading
$5 trade on all indices
$2 trade on all indices
0.15% in stock CFD trading
Deposits Fee0$0$0$
The minimum deposit amount20010005000

Deposit and withdrawal fees

MultiBank Deposits and Withdrawal
MultiBank Deposits and Withdrawal

Minimum deposit :200 $ fee are 0 %

The main deposit options are Visa and Master Card, if you are an Australian citizen / residents may consider using residents POLi Pay, China and Hong Kong, Macao UnionPay card, MultiBank special support for access to payment way South Asian users, provided, AwePay and Thunder X Pay.

list of support deposit:

withdrawal are spend 2~8 days by wire transfer
withdrawal are spend 3~5 days by Credit card depend bank working days

Trading platform

Trading interface UI

MultiBank Trading Platform
MultiBank Trading Platform

MultiBank Provides a self-developed trading platform interface, which is simple and easy to use and provides more than 1,000 CFD stocks of listed companies for trading. At the same time, MultiBank also develops its own mobile application to provide other options besides MT4 and MT5, although most people still choose MT series But this shows that the company is striving to innovate into the novice market that is easier to get started.

Copy trading

MultiBank Copy trading system
MultiBank Copy trading system

MultiBank brokers are one of the few brokers that provide complete copy trading from the platform. You can see them at a glance through a series of charts and copy investors at the right time. If you don’t know how to trade, it is best to try their Social Trading copy trading. , You don’t have to spend time on your own researching market investment, but by choosing trustworthy investors to complete the growth of your assets.

Customer Service

MultiBank  customer Support language
MultiBank customer Support language

Different from other trading brokers, this dealer provides a particularly complete customer service phone, which is convenient for customers to solve problems in the first time.

The following customer service methods are provided, and you can obtain customer service support through the following services:

  • Email
  • Phone 1 by 1 service
  • Web Live Chat

Support language:

  • English
  • Español
  • русский
  • العربية
  • Việt Nam
  • Bahasa
  • Indonesia
  • Bahasa
  • Melayu
  • Français
  • ไทย
  • 繁體中文

Research Conclusion

MultiBank Customer Service
MultiBank Customer Service

Provide the most real-time market news, you can quickly filter to find the key news of the day through the filter, although the dealer does not provide a complete automatic trading signal, you need to filter useful market trading information from the news, but it does not provide trading ideas Or trading signal data, you can add additional tools, but you need to pay.

conclusion

MultiBank Financial Bank provides a well-regulated trading platform and spreads, and has multi-country supervision, which basically ensures that your capital is generally recognized as safe on this trading platform. The only drawback is that it must be conservative in innovation in order to comply with supervision. Concessions have also led to the fact that although they are ahead of their competitors in the early trading interface, emerging competitors also provide better customer experience. However, MultiBank Chase Financial Bank is rushing to catch up with these competitors. By focusing on customer experience as a priority, the platform provides excellent Customer service.

This platform is suitable for traders who have been trading for many years, and is suitable for medium and long-term investment advice, and because the platform has restrictions on scalping transactions, this trader is suitable for companies to hedge against market fluctuations for safe-haven trading investments. Broker

More Trading Broker Platform You Might Interesting

overall we talking about VanTage FX it's worth to use ? for first level regulation they getting reducing leverage low as 30 below , but in VanTage FX you can feel free flexible change your regulation between second level regulation up to 500 leverage , Overall VanTage FX are in list

More details +
overall we talking about VanTage FX it's worth to use ? for first level regulation they getting reducing leverage low as 30 below , but in VanTage FX you can feel free flexible change your regulation between second level regulation up to 500 leverage , Overall VanTage FX are in list
Trading Conditions
7
Trading Fee
9
Trust Rating
8
Deposits and Withdrawal
10
Customer Service
10
APP
7
User friendly
7.5
PROS:
  • Various deposits way
  • Support Copy Trade
  • Fully and Free education
  • Free VPS
CONS:
  • Only English education
  • less CFD stocks

FBS Broker founded in 2009  , operation main is Asia located at 89, Vasileos Georgiou Street, 1st Floor, Office 101, Potamos Germasogeias, 4048 Limassol  service over 700 thousand people in the worldwide including China Indonesia, Russia, the Philippines and even Malaysia has operated office ,FBS is also regulated by Cyprus, a subsidiary of Tradestone Limited, which is a popular jurisdiction for foreign exchange transactions. Tradestone Limited is regulated by the Cyprus Securities and Exchange Commission. According to the MiFID directive, all brokerage companies regulated by CySEC have the right to conduct business in the EU. This makes FBS a safe company that currency traders can invest in.

More details +
FBS offering excellent user UI on mobile App on Android and iOS , when you starting trading at phone  which is take can short time to used it , and they aslo offering multiple type acccoutn  For example, one of the advantages of ECN accounts is more competitive pricing but compared to standard accounts, stop-loss and take-profit prices can only be added after the order enters the market. This restriction is unreasonable.In addition, if traders want to trade CFDs on stocks, they need to open separate accounts and cannot share foreign exchange accounts, which is very inconvenient. a few popular US stock now is allow trading at FBS , and hopefully they soon will add more in future . 
Trading Conditions
10
Trading Fee
7
Trust Rating
7
Deposits and Withdrawal
4
Customer Service
8.5
APP
10
User friendly
9
PROS:
  • friendly user App
  • Provide multiple account types
  • homepage user Friendly
  • Copytrading
  • well education
CONS:
  • less Stock CFD
  • Limited product portfolio
  • less regulation broker

MultiBank Financial Bank provides a well-regulated trading platform and spreads, and has multi-country supervision, which basically ensures that your capital is generally recognized as safe on this trading platform. The only drawback is that it must be conservative in innovation in order to comply with supervision. Concessions have also led to the fact that although they are ahead of their competitors in the early trading interface, emerging competitors also provide better customer experience. However, MultiBank Chase Financial Bank is rushing to catch up with these competitors. By focusing on customer experience as a priority, the platform provides excellent Customer service.

The platform is suitable for traders who have been trading for many years, and is suitable for medium and long-term investment advice, and because the platform has restrictions on scalping banned, this trader is suitable for companies to invest in hedging transactions as a hedge market A volatile trading broker

More details +
MultiBank Financial Bank provides a well-regulated trading platform and spreads, and has multi-country supervision, which basically ensures that your capital is generally recognized as safe on this trading platform. The only drawback is that it must be conservative in innovation in order to comply with supervision. Concessions have also led to the fact that although they are ahead of their competitors in the early trading interface, emerging competitors also provide better customer experience. However, MultiBank Chase Financial Bank is rushing to catch up with these competitors. By focusing on customer experience as a priority, the platform provides excellent Customer service.
Trading Conditions
10
Trust Rating
10
Trading Fee
5
Deposits and Withdrawal
10
Customer Service
10
APP
10
User friendly
6
PROS:
  • Excellent customer service
  • Excellent trading interface
  • Multinational supervision regulation
  • High financial security
CONS:
  • Lack of trading signals
  • No novice teaching
  • Prohibition of scalping trade

The full name of FXTM is Forextime Ltd was founded in 2011 by Andrey Dashin, who is also a major shareholder of online broker Alpari. Since the launch of FXTM, the platform has been expanded to include the MT4 and MT5 platforms developed by MetaQuotes Software, headquarter local at Cyprus 35, Lamprou Konstantara Street, FXTM Tower, Kato Polemidia, CY-4156 Limassol. 

More details +
FXTM provides multiple account options for traders, each of which has pros and cons, from margin to order execution method, tradable market and different pricing rules. For example, one of the advantages of ECN accounts is more competitive pricing, but compared to standard accounts, stop-loss and take-profit prices can only be added after the order enters the market. This restriction is unreasonable.In addition, if traders want to trade CFDs on stocks, they need to open separate accounts and cannot share foreign exchange accounts, which is very inconvenient.All in all, FXTM provides a variety of options for MT4 and MT5, and a wide range of account options allows traders to operate flexibly. In addition to Bitcoin, the addition of more cryptocurrency CFDs also complements FXTM, although it is still not tradable on weekends.It is difficult for inexperienced traders to choose among the many account types of FXTM. In an ideal situation, we hope that the broker can simplify this selection process and recommend the appropriate account type for different experience levels. Finally, the broker's own automated trading strategy and the trading signal service provided by the internal research team have a good yield.
Trading Conditions
10
Trading Fee
7
Trust Rating
10
Deposits and Withdrawal
10
Customer Service
10
APP
9
User friendly
8.5
PROS:
  • Provide multiple execution strategies by account type
  • Regulated by several agencies
  • Including regulation outside the EU
  • Provide crypto currency CFDs
  • FXTM Invest supports automated trading
  • CopyTrading
CONS:
  • ECN accounts have leverage limit requirements and margin limits
  • Certain market areas are divided by account type
  • ECN accounts can only add stop loss and limit orders after execution
  • The maximum order volume per transaction is 30 standard lots

As a typical Swiss bank, Dukascopy bank provides reliable supervision. It also provides a low-latency transaction server while opening an account. You can apply for a bank card and bind Apple Pay or Google Pay. This saves the inconvenience of withdrawing money, although the platform itself It does not provide copy orders and transactions, but this problem can be solved by binding EA automatic trading, and there is a trading community for communication and the trader provides a maximum of 500~1500 trading bonuses per week

Although Dukascopy offers JForex trading platform with a wide range of advantages and impressive features, some beginners may find that it takes more time to learn how to use it compared to other platforms.

Dukascopy also offers a wide range of advanced trading and research tools, including SWFX sentiment index, market news and research, calendar, foreign exchange calculator, COT report and Dukascopy TV.

More details +
As a typical Swiss bank, Dukascopy bank provides reliable supervision. It also provides a low-latency transaction server while opening an account. You can apply for a bank card and bind Apple Pay or Google Pay. This saves the inconvenience of withdrawing money, although the platform itself It does not provide copy orders and transactions, but this problem can be solved by binding EA automatic trading, and there is a trading community for communication and the trader provides a maximum of 500~1500 trading bonuses per weekAlthough Dukascopy offers JForex trading platform with a wide range of advantages and impressive features, some beginners may find that it takes more time to learn how to use it compared to other platforms.Dukascopy also offers a wide range of advanced trading and research tools, including SWFX sentiment index, market news and research, calendar, foreign exchange calculator, COT report and Dukascopy TV.
Trading Conditions
10
Trust Rating
10
Trading Fee
7
Deposits and Withdrawal
5
Customer Service
10
APP
10
User friendly
5
PROS:
  • Bank card instant consumption
  • Support cryptocurrency deposits
  • No withdrawal fees
  • Low latency Trading
CONS:
  • Low leverage
  • The minimum deposit amount is 1000$
  • No copy trading

Reference

MultiBank WIKI

MT4 & MT5 trading platform

Specification: ✅Review【MultiBank】broker is scam or safe? Fee、App、pros、cons

💻Trading platform

Self-Dev-platform

🧑‍🤝‍🧑CopyTrading

✅yes

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✅Review【MultiBank】broker is scam or safe? Fee、App、pros、cons
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