MultiBank Exchange Group Review for 2019

MultiBank Exchange Group Rated 5/5

MultiBank Exchange Group Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of MultiBank Exchange Group we break down the pros and cons. What MultiBank Exchange Group are able to offer, what countries MultiBank Exchange Group are available in. Who MultiBank Exchange Group are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open MultiBank Exchange Group's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to MultiBank Exchange Group

With this review we hope to help you see if MultiBank Exchange Group is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding MultiBank Exchange Group that will help you get off to a good start in the world of online trading.

MultiBank Exchange Group what you should know

MultiBank Exchange Group offer one way to trade: Forex.

With MultiBank Exchange Group you will need a minimum deposit of $300. You can sign up for a demo account to acquaint yourself with MultiBank Exchange Group platform.

MultiBank Exchange Group are able to accommodate various levels of traders whether you are experienced or a beginner.


Are MultiBank Exchange Group safe?

When choosing a broker like MultiBank Exchange Group the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2005, and in operation for 14 years MultiBank Exchange Group have a head office in Germany.

MultiBank Exchange Group is regulated. This means MultiBank Exchange Group are supervised by and is checked for conduct by the Financial Conduct Authority and ASiC regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to MultiBank Exchange Group, this will be honored. If MultiBank Exchange Group violate any regulatory rules their regulated status could be stripped.

Any payments funded to MultiBank Exchange Group accounts by traders are held in a segregated bank account.

For added security MultiBank Exchange Group use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with MultiBank Exchange Group. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit MultiBank Exchange Group

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 10,000 traders
  • Established in 2005
  • Regulated by Financial Conduct Authority and ASiC
  • Min. deposit from $300

What we don't like

MultiBank Exchange Group General Fees

  • MultiBank Exchange Group doesn't charge withdrawal fees
  • MultiBank Exchange Group doesn't charge inactivity fees

MultiBank Exchange Group Commissions

  • MultiBank Exchange Group doesn't charge commission on CFD shares

What can you trade with MultiBank Exchange Group?

You can trade a wide variety of instruments with MultiBank Exchange Group over 100 instruments infact.

If you are looking at trading currency pairs MultiBank Exchange Group offer over 55 currency pairs.

Compare MultiBank Exchange Group with Interactive Brokers and XTB below.

FX / Currencies MEX IB XTB
# of forex pairs offered 55 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No No Yes
Commodity CFDs MultiBank Exchange Group Interactive Brokers XTB
# of commodities offered 0 0
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs MultiBank Exchange Group Interactive Brokers XTB
# of Stocks offered 0 1500
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares No Yes Yes
MEX's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on MultiBank Exchange Group web platforms and other applications

MultiBank Exchange Group offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

MultiBank Exchange Group also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See MEX's platforms

MultiBank Exchange Group Trading benefits :

  • Allows scalping
  • Allows hedging
  • Low min deposit

MultiBank Exchange Group Trading Accounts offered:

  • Demo account
  • Micro account
  • Standard account
  • Managed account
  • Islamic account

Can I try MultiBank Exchange Group before I buy?

MultiBank Exchange Group offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do MultiBank Exchange Group accept?

MultiBank Exchange Group offer the below funding payment methods. learn more about MultiBank Exchange Group

  • Credit cards
  • Bank Transfer
  • Skrill
  • Payoneer
  • Neteller

How can I start trading with MultiBank Exchange Group?

When opening a trading account with MultiBank Exchange Group, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on MultiBank Exchange Group trading platforms here.

Performing trades with MultiBank Exchange Group

MultiBank Exchange Group allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.

As a market maker, MultiBank Exchange Group may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, MultiBank Exchange Group offer margin up to 0.01% on currencies.

Support at MultiBank Exchange Group

MultiBank Exchange Group support a wide range of languages including English, Russian, Spanish, Arabic, Chinese, Italian, and Polish

MultiBank Exchange Group have a triple AAA grade support rating because they offer a wide range of languages, live chat, phone and email support.

What you will need to open an account with MultiBank Exchange Group

As MultiBank Exchange Group is regulated by Financial Conduct Authority and ASiC, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore MultiBank Exchange Group's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with MultiBank Exchange Group you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.mexgroup.com/ on 12th August 2018.

MULTIBANK EXCHANGE GROUP Frequently Asked Questions

Can I try MultiBank Exchange Group before I buy?

MultiBank Exchange Group offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do MultiBank Exchange Group accept?

MultiBank Exchange Group offer the below funding payment methods accept Credit cards, Bank Transfers, Skrill, Payoneer, Neteller, among other payment methods. Learn more here

How can I start trading with MultiBank Exchange Group?

When opening a trading account with MultiBank Exchange Group, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on MultiBank Exchange Group trading platforms here.

Is my money safe with MultiBank Exchange Group?

MultiBank Exchange Group is regulated by Financial Conduct Authority and ASiC. One of the most important criteria for traders when choosing a broker like MultiBank Exchange Group is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to MultiBank Exchange Group, this will be honored. If they violate any regulatory rules their regulated status can be stripped.