Multibank

MultiBank Group was founded in California, USA, in 2005. It has grown to more than 1 million customers in more than 100 countries. Multibank is an international online broker that offers a wide range of financial products and services. Present in more than 25 different countries with a robust infrastructure, Multibank offers access to forex, CFDs, shares, and other trading instruments to its clients. The company wishes to support experienced and novice traders alike with its state-of-the-art trading platform, educational resources and a high level of customer support. This has ultimately led to the company receiving a large number of awards. In 2024, for example, they received the “Top BaFin-Regulated Forex Broker” award. At more than 20,000 trading instruments, MultiBank numbers among the most comprehensive providers. 2023 saw a record turnover of $6.8 trillion.

Is Multibank reputable?

Multibank is considered a reputable broker since it is regulated by several financial supervisory authorities, including the German Federal Financial Supervisory Authority (BaFin), the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, the Cayman Islands Monetary Authority (CIMA) and the Cyprus Securities, and Exchange Commission (CySEC). This regulatory situation ensures that Multibank complies with strict standards in terms of financial security and transparency. As the introduction shows, the company has a long history and good reputation in the industry. Multibank is also setting new standards where security of funds is concerned. A subsidiary of Multibank, MEX Atlantic, has taken out an insurance policy with Lloyd’s of London, which covers customers’ funds up to $1 million. Clients can also choose more extensive policies.

However, it is important to note that no regulation can guarantee absolute security. It is always advisable to perform one’s own research before choosing a broker.

What is the minimum deposit at Multibank?

The minimum deposit at Multibank varies by account type. The standard account has a minimum deposit of $50. Other account types, such as the Pro account or ECN accounts can have significantly higher minimum deposits.

Withdrawing money from Multibank

Customers will log into their account, go to the “Withdrawal” section, and follow the instructions to withdraw money from a Multibank account. Withdrawal requests can be submitted through a number of methods such as bank transfer, credit/debit card or e-wallets. The time it takes to receive the withdrawal from Multibank will depend on the chosen method. Bank transfers may take 3-5 working days, while withdrawals to credit/debit cards and e-wallets are usually processed within 1-2 working days.

Multibank advantages

• Ultra-fast execution in the nanosecond range.

• First-class trading condition

• Many trading instruments. Access to forex, shares, commodities, indices, and cryptocurrencies.

• Free demo accounts

• Social trading possible

• User-friendly trading platforms such as MetaTrader 4 and 5 as well as MultiBank-Plus and SocialTrading.

• 24/7 customer support + IT-support in over 12 languages

• Extensive educational programmes for beginners and advanced learners. There are also some market analyses, trading signals, and economic calendars.

• Free VPS-hosting

Summary

Multibank Group is a broker that has seen impressive success and already attracted millions of investors. Its good trading conditions tailored to the requirements of traders in the various account models, coupled with the first-class customer support, make it clear why so many people choose this broker.