- forex trading 4.1/5
Regulated by top-tier financial authorities
1,605 people chose this broker in the last 6 months
MultiBank review summary
MultiBank is an international CFD and forex broker, regulated by several financial authorities such as the top-tier ASIC of Australia. MultiBank’s account opening is smooth and fast. From bank transfers to electronic wallets, you have many options for deposit and withdrawal, and they are all free of charge. Customer service gives quick and useful answers. On the negative side they have inactivity fee, MultiBank’s product portfolio is quite thin as it covers only forex, CFD and cryptocurrencies. Research and educational tools are also very basic. BrokerChooser gave MultiBank a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Is MultiBank a legit broker?
See how MultiBank is regulated and whether you should have any concerns using it.
MultiBank is available in Pakistan
MultiBank pros and cons
MultiBank main highlights
🗺️ Country of regulation
Australia, UAE, British Virgin Islands
💰 Trading fees class
💰 Inactivity fee charged
💰 Withdrawal fee amount
💰 Minimum deposit
🕖 Time to open an account
💳 Deposit with bank card
👛 Depositing with electronic wallet
💱 Number of base currencies supported
🎮 Demo account provided
🛍️ Products offered
Forex, CFD, Crypto
MultiBank has low forex and stock index CFD fees, and doesn’t charge any withdrawal fees. On the other hand, inactivity fee kicks in after 13 months.
Opening an account at MultiBank is easy and straightforward; your account could be ready for trading within a day. However, some account types require a high minimum deposit.
Deposit and withdrawal
Deposit and withdrawal at MultiBank are great. You can use many deposit and withdrawal types and withdrawal is free.
Web trading platform
Multibank offers the MetaTrader4 trading platform. It’s highly customizable, multilingual and has a clear fee report. However, it lacks two-step login and the design is outdated.
Mobile trading platform
MultiBank has a great mobile trading platform, offered by MetaTrader 4. It is well designed and user-friendly. On the flip side, it lacks two-step authentication for login.
Desktop trading platform
In design and functionality, MultiBank’s MetaTrader 4/5 desktop platforms are almost the same as their web versions; a plus is that you can set price alerts on the desktop platform.
Markets and products
At MultiBank, you can trade only forex and CFDs, including stock and stock index CFDs as well as cryptos.
MultiBank has a useful newsletter, but research tools of the MT4 platform could be better, as it offers no trading ideas or fundamental data. You can add extra tools, but only for a fee.
MultiBank has great 24/7 customer support. We got quick and helpful responses via email, chat and phone.
MultiBank scores poorly on the education front, offering a demo account but no other learning materials.
MultiBank is a global broker regulated by several financial authorities, including the top-tier ASIC and BaFin.