The MultiBank Pro platform has similar features to ECN Pro, and it uses the MetaTrader 4 platform (one of the industry standards for trading). However, compared to ECN, you don’t have to make as high of an investment. ECN Pro requires a minimum deposit of $5,000, while MultiBank Pro requires a minimum account size of $1,000. The minimum deposit for the MultiBank Group Standard account is $50 or a currency equivalent.
MultiBank Group regularly supports philanthropic organizations and social responsibility programs, proving its dedication to making a positive difference in society beyond its financial services offers. MultiBank Group, established in 2005 in California, USA, is a global financial derivatives provider with a paid-up capital of over $322 million. With over one million traders from over 100 countries, the broker is known for its accessibility and global market presence. Multibank offers a pretty balanced and diverse set of research materials. Multibank offers trading bonuses to new and existing clients interested in trading higher volumes.
MultiBank Group Main Features
MultiBank Group provides risk warnings during account opening to ensure traders know potential hazards. MultiBank Group provides traders with easy deposit and withdrawal methods without fees. However, third parties like banks, credit/debit card providers, and payment gateways might apply fees to transactions.
Is Mex Exchange regulated?
Yes, MultiBank Group imposes an inactivity fee of $60 per month for accounts that have been inactive for limefx official site 90 days or more. Another great advantage is the availability of futures contracts, which can be used to hedge market exposure by locking into medium-term and longer-term trades. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. The fee is applied after three months of inactivity and is charged each month until activity resumes or the account balance drops to zero.
- It’s reassuring to know we can rely on such dedicated support.Thank you once again for your exceptional service.
- The main accounts at MultiBank include ECN Pro, MultiBank Pro, Maximus, and MT5.
- All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
- MultiBank Group offers its Standard account for a minimum deposit of only $50.
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It helps prevent fraudulent activity and ensures the sustainability of our promotional offers. Our aim is to provide a secure and rewarding experience for all our clients.We value your business and would like to address any further questions or concerns you may have. Please reach out to our support team directly so we can assist you more effectively.Thank you for your understanding, and we hope to resolve this matter to your satisfaction. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?
My tests indicate that Multibank charges average-to-high overnight charges. This combination is not ideal for longer-term position trading, though it does not restrict day trading. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.
Also the bonus facility and withdrawal bonus makes it different from other limefx brokers. My account manager Mr waqas is very professional and cooperative person. Rest making and losing money depends on market condition the funds available in the account.