They won’t let me withdraw my funds instead asking me to pay taxes which is even more than the profit. I said you can keep the profit but let me have my money at least but just won’t let go of my funds. I was told they have stopped operating with customer in my region and they use that excuse to withhold my investment.
There are mainly three account types across global entities for trading CFDs and forex, including Standard, Pro, and ECN. MultiBank customers can also use demo trading to experiment with the platform without real money investments. Some reliable aspects of the MultiBank organization are that they provide immense transparency and zero impositions on trading objectives.
Naturally, getting to that amount takes some funds and effort, and the broker won’t give you thousands for signing up. However, the bonuses are still a nice boon to your trading experience, tilting the odds in your favor. With the remarkable MULTIBANK Trader mobile app, traders and brokers worldwide consistently witness the surpassing of their expectations, making it their limefx broker reviews platform of choice. This application offers a wealth of functionality and an array of features, making it a preferred option for millions of traders. Our MultiBank Group review of their trading conditions left us confident that the broker can only offer the best and safest options to their traders. Especially compared to other CFD brokers, MultiBank Group stands out.
- Most older brokerages fail to keep up with the constant innovation in online investing and quickly fail.
- You’ll also need to specify some trading account settings, answer suitability questions, and provide proof of identity (such as a Passport or other Government-issued ID) along with proof of address.
- Furthermore, their email support is shockingly fast, with personalized responses sent out within one day.
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). The Standard account requires just a $50 minimum deposit, but comes with higher relative spreads. In my opinion, MultiBank’s Standard account is best avoided unless you are a complete novice. The Pro account requires a $1,000 minimum deposit but features lower spreads than the Standard account.
Company activitySee all
The MULTIBANK Trader 4, renowned as the traditional edition of the world’s most widely used trading software, has garnered the favor of millions of traders thanks to its exceptional attributes. MultiBank Group is one of the few brokerages that manage to do it all and do it well. Undoubtedly, the ample time it’s had to develop helps that, but it’s apparent the broker knows what customers want. It’s one of the most secure brokers on the internet, with a broad array of regulatory bodies watching it.
A two-step authentication would be more secure and adding this feature should be high on any company’s list of security changes. You can easily change the size and the position of the tabs.However, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist. Withdrawing money from your MultiBank account is free of charge. You can fund your account using a crypto wallet of yours, though you cannot hold funds in crypto form at your Multibank account, it will be converted to your base currency upon deposit.
Moreover, the product portfolio covers only Forex, CFD, and Crypto asset classes. This also keeps prices as low as possible and helps in maintaining transparency between the financiers. Claim your listing for free to respond to reviews, update your profile and manage https://limefx.club/ your listing. They took me for a fool but I got my money back, if you traded with this company, there is absolutely nothing the authorites can do to help. I can only further advise you to write me via BroadOak-Capital com, I will guide you on the steps I took.
A bank transfer can take several business days, while payment with a credit/debit card is instant. You can only deposit money from accounts that are in your name. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. We aim to help the victims of online scams, Forex trading Scams, Cryptocurrency Scams, Bitcoin Scams, Romance scams, Binary trading scams, Facebook scams, Instagram scams or any other financial frauds. If you have any questions regarding our broker reviews, leave us your email information and we will get back to you. It’s no overstatement to say that the broker is one of the safest online brokerage companies present.
As a IB I was really happy to work with…
This alleged brokerage and their staff are nothing but scammers and devious people. Do not trust them as it is impossible to get a withdrawal from them. I have made numerous requests for withdrawals and call backs and because I would not make any deposits, they have not responded to any requests. I put my case to proupshot and they handled it professionally and got my funds back. Yes, MultiBank Group is regulated across its various global entities.
Instead, the broker is intent on getting you up and running quickly, not delaying your potential trading gains. That lends it an air of trustworthiness from the start and negates the frustration of researching new brokerages. On top of that, it looks pretty appealing and doesn’t jump at you with promotional materials. To make things easier for you, MultiBank provides a free VPS as well as the brilliant Autochartist plugin. This tool can quickly conduct complex charting and analysis that would normally take hours if done manually by traders every day. For investors, social trading and managed accounts are available.
What is the minimum deposit for MultiBank?
MultiBank Group holds multiple awards that make it an impressive foreign exchange broker in various areas that are beneficial for seasoned traders. MultiBank offers various tools like VPS hosting, FIX API, and MAM/PAMM for money managers and professional traders. The broker has same-day withdrawals, allowing your money to flow in and out of your account freely.
As we said earlier in our MultiBank Group review, the broker is versatile and can fit various users. That’s in no small part due to its excellent account setup, which has something for everyone. It’s slightly different from the way most brokers, especially newer ones, do it. Namely, instead of tiered accounts that depend on cumulative deposits, MultiBank Group has three distinct ones.
MultiBank Group Review Conclusion – We Vouch For This Broker
Since the companies are heavily regulated, they are expected to uphold strict rules and obligations, allowing clients the highest level of funds security. It is important to keep in mind that protection and products can vary depending on the entity that you open a trading account with. Under the Prime of Primes program, trading platforms at MultiBank FX allow affiliates direct access to leading liquidity providers. They also get to use low-cost and instant Straight Through Processing (STP) of trade orders with the tightest spreads in the market.
They are professional
MultiBank Group is an award-winning forex broker operated by the MEX Group worldwide. Note that the content on this site should not be considered investment advice. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive a commission from the companies we feature on this site.
He made it easy for my client to get an account also I was regularly updated by him. MultiBank Group has two platforms for users to chose from, both being market leaders. MetaTrader4 and MetaTrader5 are available to MultiBank Group customers, with their intuitive interface and broad functionality. The two are favorites among users everywhere, and most have already used one of the two at least. The platforms also come in web and mobile forms, allowing users to trade while they’re moving.