A Brief Review About The MultiBank Exchange Group

MultiBank Exchange Group can also be called a multi-regulated ECN Forex exchange broker that is providing trade to its clients over 1000 forex and CFD instruments. All of this is accessible through the MT4 trading platform available on the desktop, mobile devices, and web as well.

MultiBank is also providing social trading platforms, free VPS, MAM accounts, and Autochartist signal software. Though for such facilities, the broker charges extra fees, there is no such educational material available on the website to help traders. The SOLANA PRICE PREDICTION 2021 suggests that it can skyrocket if they are able to successfully provide their services in the field of cybersecurity and data management.

Overview Of MultiBank

If we talk about the quick overview of the MultiBank, the points mentioned below can help you understand this Forex exchange company completely.

• Deposit: The minimum requirement for account opening is to deposit $50.
• Regulated: Multibank is regulated by ASIC, BaFin, FMA, CNMV, RAK, FSC BVI, and CIMA.
• Country: The headquarters of this company is located in Hong Kong.
• Operating Since: Multibank originated in 2005 in California.
• Type: STP and ECN
• Leverage: From 0.0 to 1:500
• Spread: Variable
• Commission: The commission of the company begins from $6.
• Platforms: MetaTrader 4, MT5, Web, Mobile, Desktop.
• Instruments: Forex, Indices, Stocks, Shares, Commodities, Metals, CFDs
• Funding: There are a lot of funding methods, like Wire Transfer, Credit/Debit Cards, Skrill, Neteller, PayTrust, Perfect Money, NganLuong, help2pay, and Payment Asia.

MultiBank Benefits And Drawbacks

Below-listed is the plus and negative points of the Multibank so that it can be clear that opting for MultiBank is a good option or not.

Benefits

• Legislated in numerous jurisdictions so that a lot of people can be benefited.
• The social trading option is also available.
• MAM/PAMM featured accounts are available for its clients.
• Free VPS is given to all customers.
• Analysis and trading alarms powered by the Autochartist.

Drawbacks

• There is a problem for the US clients as the company does not accept clients from the US.
• There is no educational material found on the website. Thus, there is no benefit for the investors.
• There are no such daily in-house teams that can convey market news, and there is no proficient analysis for the investors.
• There is also an inactivity fee of about 60 dollars that is charged from the user account even if the account is not used for 3 months.
• No stabilized spread accounts are available.
• Fees and spreads are not the lowest.

Now, after reading the detailed benefits and drawbacks of the MultiBank, it is difficult to figure out whether MultiBank is good or not. To be cautious, it is proposed not to invest cash in such sites so that you do not lose your valuable money.

Winding Up!

If you want to know about the MultiBank review, you can read surveys from different scam broker reviewing websites. But, the majority of websites have declared that MultiBank is not a secured website, and people should not trust this broker blindly because there is no regulation for the investor money. So, to secure your money, you can choose any other forex exchange broker.