Broker Global Multibank: investment solutions for successful trading
Company Global Multibank specializes in providing investment solutions for CFD trading in the Forex market, stocks, indices, and gold. The broker is based in the United Arab Emirates, with no specified year of establishment. Regulatory bodies overseeing the broker:
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The Financial Commission (license number not specified),
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Cyprus Securities and Exchange Commission, No. 311445 dated March 17, 2021,
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Financial Conduct Authority, No. 317893 dated January 14, 2021,
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Global Legal Entity Identifier Foundation, No. 1377324.
Global Multibank highlights the following advantages:
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Protection and security of client funds and personal information,
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Round-the-clock professional support 24/7,
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Regulation,
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Education,
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Wide range of instruments,
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Accessibility on various platforms,
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Market information.
Trading conditions from Global Multibank
Global Multibank offers the opportunity to trade CFDs in the Forex market, stocks, indices, and gold with tight spreads and swift execution. The company claims to provide over 1000 financial instruments and guarantees protection against negative balance. It’s worth noting that the financial broker does not offer ready-made trading accounts upfront, but on the globalmultibank.net website, information about a special offer for VIP users can be found. Depending on the trading volume, style, and choice of instruments used by traders, the company is prepared to offer the following trading conditions:
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Typical spreads for currency pairs EURUSD, GBPUSD, and USDJPY are 0.8 pips,
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Leverage up to 1:300 (at the client’s discretion),
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Protection against negative balance up to $50,000,
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Insurance policy to protect client funds up to $100,000 in case of insolvency.
Account funding and withdrawal
To open an account, the necessary documents verifying identity and residency for individuals, and for legal entities, include:
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Passport or identification document with a photo for shareholders owning more than 10% of shares and the legal entity’s representative,
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Registration documents (registration certificate, memorandum, articles of association, office location certificate, and others) with corresponding proof of appointment of an authorized representative,
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Documents confirming the ownership structure of the legal entity with details of ultimate beneficial owners (only natural persons),
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LEI code (legal entity identifier).
The company does not provide information on fund withdrawals, taxes, or commissions. For technical support, one can use the phone number or fill out the form on the website. The email address is not disclosed.
Conclusion about Global Multibank
Global Multibank is a broker that emphasizes its wide range of investment opportunities, advanced regulation, tight spreads, swift execution, and round-the-clock support. However, the lack of information on fund withdrawals and commissions may raise questions. Traders are advised to further research information about this financial intermediary before engaging in cooperation.