MultiBank Exchange: Information about the Brand
MultiBank Exchange is one of the leading companies in the forex brokerage industry, recognized for its success among traders worldwide. The brand was launched in 2005.
The company Multibankfx claims to be among the top largest online derivatives providers with a starting capital of $322 million. The services offered include access to currency pairs, stocks, indices, commodities, and metals.
According to information on the broker’s website, MultiBank Exchange is the trading name of Multibank Forex Exchange Corporation, legally registered in the state of California, USA, under number 3918038 in the respective registry. Official documents regarding this registration are unfortunately not provided on the website.
The broker indicates having licenses from several regulatory bodies, including ASIC, FSC, DFSA, CNMV, FMA, BaFin, and CIMA. The licenses are issued to various firms, and their connection to the multibankfx.com website remains questionable.
Communication with clients is carried out through various channels, such as feedback, email, online chat, as well as social media accounts and YouTube.
Websites owned by the broker Multibankfx include multibankfx.com and multibank-group.ru, with the list of domains being updated as new ones appear.
Trading Conditions of Multibank Group
The company Multibank Group offers a wide range of financial instruments for trading and provides the opportunity to open both personal and corporate accounts. The minimum starting capital is $50, with the base currencies being USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD. The broker uses the MT4 trading platform. Key features and terms of cooperation include ECN, no commissions, fast order execution, and the ability to hedge positions.
Users can open both real and demo accounts, as well as take advantage of an Islamic account. The company offers several bonus programs that provide clients with passive income.
Up to 500:1 leverage, 5 levels of market depth, 45 currency pairs, protection against negative balance – all of this is provided by the broker. Market transparency is guaranteed with the display of best bids and offers.
Inactive client accounts that do not engage in trading for three months will be archived and subject to a monthly maintenance fee of $60 USD.
Account Funding and Withdrawal by MultiBankFX
The minimum deposit to open an account is 50 units of any of the company’s base currencies. Registration and document verification are required to use the broker’s services.
Account funding and withdrawals are processed through the same payment system. Multinankfx offers transaction methods such as Swift, MasterCard, Maestro, Bitcoin, Skrill, Neteller, Perfect Money, Payment Asia. All transactions are processed within 24 hours.
Conclusion
The broker Multibank Group claims official registration in the USA and the presence of regulatory bodies in EU countries, but no documents have been provided on the website. The company states the use of clean processing via ECN and direct access to trading prices from over 20 international banks. Before investing funds, it is recommended to consult with an independent specialist, considering the diverse opinions about Multinankfx.