MultiBank Exchange Group Review 2020

MultiBank Exchange Group Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
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MultiBank Exchange Group Guide - Read our In Depth MultiBank Exchange Group Review

This MultiBank Exchange Group review was written by industry experts with over 20 years of financial experience in Forex.

What is MultiBank Exchange Group?

MultiBank Exchange Group are an a global online financial trading platform and multi asset broker founded in 2005

Over 15 years later MultiBank Exchange Group has grown to offering retail investors Forex trading.

MultiBank Exchange Group are a global broker and have a head office in Germany.

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

We will dive deep in this MultiBank Exchange Group review and assess how well the MultiBank Exchange Group platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like MultiBank Exchange Group can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of MultiBank Exchange Group we breakdown 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.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this MultiBank Exchange Group review useful.

This review of the MultiBank Exchange Group platform is very detailed. If you are interested in trading with MultiBank Exchange Group in any capacity please take the time to read and research the whole MultiBank Exchange Group review.

We have tried to explain the ins and outs of financial trading through the MultiBank Exchange Group platform as plainly as possible so that you the trader are as informed as possible before you start to use the MultiBank Exchange Group trading tools and depositing and withdrawing funds from MultiBank Exchange Group.

Benefits of trading with MultiBank Exchange Group

Open MultiBank Exchange Group's Website

Losses can exceed deposits

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with MultiBank Exchange Group like Forex trading. you should have confidence in MultiBank Exchange Group and know that the management of your financial investments on the MultiBank Exchange Group platform is in good hands.

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

With this MultiBank Exchange Group 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 Review Table of Contents

MultiBank Exchange Group review
MultiBank Exchange Group is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about MultiBank Exchange Group. MultiBank Exchange Group is a multi asset platform with 100+ tradable Assets. Assets available on MultiBank Exchange Group include Forex.

MultiBank Exchange Group trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex are considered financial assets.

MultiBank Exchange Group review
Features of MultiBank Exchange Group

MultiBank Exchange Group review
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.

MultiBank Exchange Group review
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 15 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 (FCA), Australian Securities and Investments Commission (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.

MultiBank Exchange Group review
Is my money safe with MultiBank Exchange Group?

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.

What are Tier 1 banks and why should MultiBank Exchange Group use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in MultiBank Exchange Group deposited in a Tier 1 bank?

Having any money you deposit with MultiBank Exchange Group means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if MultiBank Exchange Group goes out of business for some reason.

Therefore, we can safely conclude that MultiBank Exchange Group is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. MultiBank Exchange Group also clearly state on their platform that Losses can exceed deposits.

Now that we have answered some important questions regrding MultiBank Exchange Group. let us look at the MultiBank Exchange Group features in more detail.

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

Losses can exceed deposits

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

How MultiBank Exchange Group as a Company Compare Against Other Brokers

Broker MEX eToro IC Markets XTB
Year Established 2005 2006 2007 2002
Head Office Germany Cyprus, UK Australia Poland
Regulation Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ MultiBank Exchange Group users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection No Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit MultiBank Exchange Group Visit eToro Visit IC Markets Visit XTB
Risk Warning Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

MultiBank Exchange Group review
MultiBank Exchange Group Pros and Cons

What we like about MultiBank Exchange Group

  • Used by over 10,000 MultiBank Exchange Group users and traders
  • Established in 2005
  • Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
  • Min. deposit from $300

What we don't like about MultiBank Exchange Group

MultiBank Exchange Group review
MultiBank Exchange Group Regulation and Licensing in more detail

We have checked and MultiBank Exchange Group is regulated and supervised by reputable organisations. You are able to check every MultiBank Exchange Group supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with MultiBank Exchange Group. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect MultiBank Exchange Group traders and provide a safe trading environment.

MultiBank Exchange Group is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as MultiBank Exchange Group you should be sure they're legitimate online agent.

MultiBank Exchange Group review
Is MultiBank Exchange Group Global?

Yes, MultiBank Exchange Group is global as MultiBank Exchange Group is available in over 194 countries.

MultiBank Exchange Group is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries MultiBank Exchange Group covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. MultiBank Exchange Group has a total of more than 10,000 users.

MultiBank Exchange Group review
MultiBank Exchange Group Fees Explained

  • MultiBank Exchange Group doesn't charge withdrawal fees
  • MultiBank Exchange Group does not charge a fee for inactive accounts.
  • MultiBank Exchange Group doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How MultiBank Exchange Group Fees Compare Against Other Brokers

Broker MEX eToro IC Markets XTB
Min Deposit 300 200 200 0
Withdrawal Fees No Yes No varies
Inactivity Fees No Yes No No
Deposit Fees No No Varies No
CFD Commission Fees No No Yes Yes

MultiBank Exchange Group review
MultiBank Exchange Group Minimum Deposit

MultiBank Exchange Group require a minimum desposit of 300 GBP/USD when opening an MultiBank Exchange Group trading account.

A minimum deposit is the minimum amount of money required by MultiBank Exchange Group to open a new online brokerage account with them.

Dont be scared off by brokers like MultiBank Exchange Group charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

MultiBank Exchange Group review
MultiBank Exchange Group Withdrawal Fees

MultiBank Exchange Group doesn't charge withdrawal fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

MultiBank Exchange Group for example allow you to withdraw your funds to Credit cards, Bank Transfer, Neteller, Skrill, Payoneer.

MultiBank Exchange Group review
MultiBank Exchange Group Inactivity Fees

MultiBank Exchange Group does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

MultiBank Exchange Group review
MultiBank Exchange Group Desposit Fees

MultiBank Exchange Group does not charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

MultiBank Exchange Group review
MultiBank Exchange Group Commission Fees

MultiBank Exchange Group does not charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

MultiBank Exchange Group review
What can you trade with MultiBank Exchange Group?

Be aware that Different entities under MultiBank Exchange Group Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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 eToro and IC Markets below.

Losses can exceed deposits

How MultiBank Exchange Group Trading Options Compare Against Other Brokers

Broker MEX eToro IC Markets XTB
Instruments Available 100 2000 232 4000
Platforms MT4, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 55 50 65 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 0 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 0 957 100 1696
UK Shares Yes Yes No Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit MultiBank Exchange Group
Losses can exceed deposits
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

MultiBank Exchange Group review
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 MultiBank Exchange Group's platforms

MultiBank Exchange Group review
Is the MultiBank Exchange Group Trading Platform Secure?

MultiBank Exchange Group safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. MultiBank Exchange Group also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating MultiBank Exchange Group.

MultiBank Exchange Group review
MultiBank Exchange Group Trading Platform Options

Once you have logged into your MultiBank Exchange Group account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

MultiBank Exchange Group does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

MultiBank Exchange Group does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options MultiBank Exchange Group gives you.

MultiBank Exchange Group review
MultiBank Exchange Group MetaTrader 4 (MT4)

MultiBank Exchange Group MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with MultiBank Exchange Group. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with MultiBank Exchange Group in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. MultiBank Exchange Group MetaTrader 4 is compatible with the latest macOS Mojave. MultiBank Exchange Group allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on MultiBank Exchange Group

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade MultiBank Exchange Group MetaTrader 4 on IOS Devices

You can download the MultiBank Exchange Group app or also trade with MultiBank Exchange Group through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade MultiBank Exchange Group MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. MultiBank Exchange Group provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android MultiBank Exchange Group MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade MultiBank Exchange Group MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

MultiBank Exchange Group MetaTrader 4 Advanced Trading Tools

The MultiBank Exchange Group advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. MultiBank Exchange Group offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade MultiBank Exchange Group MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

MultiBank Exchange Group MetaTrader 4 AutoChartist

MultiBank Exchange Group Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

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

Losses can exceed deposits

MultiBank Exchange Group withdrawal and funding methods.

Please note that the list of MultiBank Exchange Group payment methods below depend on the MultiBank Exchange Group Entity and the Clients Country of Residence.

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

MultiBank Exchange Group Payment Methods

  • MultiBank Exchange Group accepts Credit cards
  • MultiBank Exchange Group accepts Bank Transfer
  • MultiBank Exchange Group accepts Neteller
  • MultiBank Exchange Group accepts Skrill
  • MultiBank Exchange Group accepts Payoneer
Broker MEX eToro IC Markets XTB
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer Yes Yes No Yes
Neteller Yes Yes Yes Yes

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.

Losses can exceed deposits

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 instruments.

Limit Risk When Trading with MultiBank Exchange Group Stop Loss, MultiBank Exchange Group Stop Limit Orders

A stop-loss order is an order placed with a broker like MultiBank Exchange Group to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at MultiBank Exchange Group

To trade effectively with MultiBank Exchange Group, it's important to get a have a good understanding of the MultiBank Exchange Group trading tools and the markets.

MultiBank Exchange Group offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with MultiBank Exchange Group.

Take time to look around the MultiBank Exchange Group platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer 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, email and phone support.

MultiBank Exchange Group customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

Livechat Support at MultiBank Exchange Group

We tested the MultiBank Exchange Group live chat and it works well. We sent messages to MultiBank Exchange Group livechat through their app and website and recieved a response within 3 minutes.

We tested communicating with MultiBank Exchange Group support in multiple languages in multiple countries. MultiBank Exchange Group where able to quickly resolve our customer issues.

Email Support at MultiBank Exchange Group

We sent several emails to MultiBank Exchange Group and answer times overall were excellent. The fastest response from MultiBank Exchange Group was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with MultiBank Exchange Group, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from MultiBank Exchange Group.

Phone Support at MultiBank Exchange Group

We called MultiBank Exchange Group and the call was answered very quickly. The call was answered in less than 1 minutes.

The MultiBank Exchange Group phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual MultiBank Exchange Group team by calling in varying languages. MultiBank Exchange Group made an effort to make sure our queries were answered.

Overall great phone support from MultiBank Exchange Group.

See how MultiBank Exchange Group Support Compares Against Other Brokers

Broker MEX eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Russian, Spanish, Arabic, Chinese, Italian, and Polish English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit MultiBank Exchange Group Visit eToro Visit IC Markets Visit XTB
Risk Warning Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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

As MultiBank Exchange Group is regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under MultiBank Exchange Group Brand may be different.

  • 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 3 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 the MultiBank Exchange Group trading platform 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 November 21, 2020.

MultiBank Exchange Group review
Is MultiBank Exchange Group A Good Broker?

We spent over 3 months examining MultiBank Exchange Group in depth. Although we found some very useful aspects of the MultiBank Exchange Group platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative MultiBank Exchange Group broker.

  • MultiBank Exchange Group have a good track record of offering Forex.
  • MultiBank Exchange Group has a history of over 15 years.
  • MultiBank Exchange Group has a reasonable sized customer support of at least 10.
  • MultiBank Exchange Group are regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC). This means MultiBank Exchange Group fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • MultiBank Exchange Group have regulation from a Tier 1 reputable country.
  • MultiBank Exchange Group has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • MultiBank Exchange Group have an international presence in multiple countries. This includes local MultiBank Exchange Group seminars and training.
  • MultiBank Exchange Group are able to hire people from various locations in the world who can better communicate in your local language.

MultiBank Exchange Group Risk Disclaimer

Losses can exceed deposits

MultiBank Exchange Group review
MultiBank Exchange Group not quite right?

If after reading this MultiBank Exchange Group review, MultiBank Exchange Group does not fulfill your needs check out these MultiBank Exchange Group Alternatives.

Click here to view the best MultiBank Exchange Group Alternatives

We have spent years researching the best alternatives to MultiBank Exchange Group. Click the links below to learn more.

If you feel some of the above MultiBank Exchange Group are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of MultiBank Exchange Group alternatives below.

MultiBank Exchange Group review
Related MultiBank Exchange Group Vs Comparisons

We have covered allot in this MultiBank Exchange Group review, If you want to see how MultiBank Exchange Group compares side by side with other brokers check out our MultiBank Exchange Group Vs pages.

If you would like to see how MultiBank Exchange Group stands up against other brokers you can read some of our MultiBank Exchange Group comparisons below. We compare side by side some of our top rated MultiBank Exchange Group versus comparisons. Read our indepth MultiBank Exchange Group VS pages below.

MultiBank Exchange Group review
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 the MultiBank Exchange Group platform before you put down a payment. Learn more here

What funding methods do MultiBank Exchange Group accept?

Please note that the list of payment methods below depend on the MultiBank Exchange Group Entity and the Clients Country of Residence.

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

Losses can exceed deposits

Is MultiBank Exchange Group safe?

MultiBank Exchange Group are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC). 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.

Is MultiBank Exchange Group trading good?

MultiBank Exchange Group is considered good and reputable to trade with MultiBank Exchange Group. MultiBank Exchange Group is used by over 10000 active traders and MultiBank Exchange Group users. MultiBank Exchange Group offers Forex trading. Minimum deposit with MultiBank Exchange Group is 300.

Is MultiBank Exchange Group trading Legit?

MultiBank Exchange Group was founded in Germany in 2005. MultiBank Exchange Group has been facilitating trade on the financial markets for over 15 years. MultiBank Exchange Group offers clients Forex trading. All funds deposited to MultiBank Exchange Group are held in segregated tier 1 bank accounts for security. MultiBank Exchange Group is regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) so can be considered legit.

Is MultiBank Exchange Group a good broker?

MultiBank Exchange Group is overseen by the top tier financial regulators Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) so can be considered a good broker. MultiBank Exchange Group allows Forex trading.

Is MultiBank Exchange Group trustworthy broker?

MultiBank Exchange Group can be considered trustworthy. All money funded to MultiBank Exchange Group is placed into a segregated tier 1 bank account. this means your money in not held by MultiBank Exchange Group directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also MultiBank Exchange Group is regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC).

What is the minimum deposit for MultiBank Exchange Group?

The minimum deposit to trade with MultiBank Exchange Group is 300.

How long do MultiBank Exchange Group withdrawals take?

Withdrawing money from MultiBank Exchange Group processing time varies but averages 2-5 days.

Is MultiBank Exchange Group regulated?

MultiBank Exchange Group is regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC).

Is MultiBank Exchange Group a market maker?

MultiBank Exchange Group is a market maker. Stocks, currency and other commodities and instruments will be purchased by MultiBank Exchange Group even if no buyer is lined up.

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 (FCA), Australian Securities and Investments Commission (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.

Is MultiBank Exchange Group a con?

MultiBank Exchange Group is regulated and well established having been in business for over 15 years. MultiBank Exchange Group is definitely not a con.

Can you make money with MultiBank Exchange Group?

Although traders have had great success with MultiBank Exchange Group. Trading on the financial markets with MultiBank Exchange Group is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does MultiBank Exchange Group have fees?

MultiBank Exchange Group doesn't charge withdrawal fees. MultiBank Exchange Group doesn't charge inactivity fees. MultiBank Exchange Group doesn't charge deposit fees.

When was MultiBank Exchange Group founded?

MultiBank Exchange Group was founded in 2005.

How many people use MultiBank Exchange Group?

MultiBank Exchange Group is used by over 10000 registered MultiBank Exchange Group users.

What is MultiBank Exchange Group Headquarters country?

MultiBank Exchange Group has its head quarters office in Germany.

Does MultiBank Exchange Group offer negative balance protection?

MultiBank Exchange Group does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does MultiBank Exchange Group offer guaranteed stop loss?

MultiBank Exchange Group does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does MultiBank Exchange Group allow scalping?

MultiBank Exchange Group offers scalping.

Does MultiBank Exchange Group allow hedging?

MultiBank Exchange Group offers hedging.

Does MultiBank Exchange Group offer CFD trading?

MultiBank Exchange Group does not offer CFD trading.

Does MultiBank Exchange Group offer STP?

MultiBank Exchange Group does not offer STP trading.

How many people use MultiBank Exchange Group?

MultiBank Exchange Group is used by over 10000 MultiBank Exchange Group users and traders.

Is MultiBank Exchange Group an ECN broker?

MultiBank Exchange Group does not offer ECN trading.

Does MultiBank Exchange Group offer a demo account?

MultiBank Exchange Group offers a demo account.

Does MultiBank Exchange Group offer an Islamic account?

MultiBank Exchange Group offers a Islamic accounts.

What are the funding methods for MultiBank Exchange Group?

MultiBank Exchange Group accept the following funding methods : Credit cards, Bank Transfer, Neteller, Skrill, Payoneer.

MultiBank Exchange Group review written by Andrew Blumer and Mark Hansen

We hope you found our review of the MultiBank Exchange Group brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

MultiBank Exchange Group review written by Mark Hansen of Comparebrokers.co