The broker’s swaps are elevated, but swap-free trading is available via its Islamic accounts. I also learned that Multibank does not charge deposits and withdrawals but has a high inactivity fee. Yes, MultiBank Group offers Islamic trading accounts for Muslim traders.
Multibank Non-Trading Fees
Multibank stands out with its impressive range of more than 20,000 tradable instruments. The bulk of the offering is comprised of share CFDs and a fairly large selection of cryptocurrencies. With respect to contract types, Multibank’s instruments can be traded on the spot market or through futures contracts. This approach allows all website visitors to swiftly evaluate the competitiveness of the spread rates across all account types. I compared the data with the spread rates quoted on the platform and observed no discrepancies. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
Mobile Trading Apps
- However, third parties like banks, credit/debit card providers, and payment gateways might apply fees to transactions.
- Multibank offers trading bonuses to new and existing clients interested in trading higher volumes.
- Please note that while the broker does not charge a handling fee for deposits or withdrawals, third-party banking fees may apply, subject to the chosen payment method.
- This will help you stay up to date with the latest developments in the financial markets.
- The deposit methods at MultiBank Group include bank wire transfer, credit/debit card, and e-wallets such as Neteller, Skrill, and others.
- The company also uses a stop-out level to control risk, activating it when equity drops below 50% of the needed margin.
Your commissions will vary based on the type of account you choose, but the fees are reasonable. The main accounts at MultiBank include ECN Pro, MultiBank Pro, Maximus, and MT5. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
Tradable products include crypto, commodities, shares, indices, metals, and Forex. There is an expert adviser, over eighty technical analytics tools, one-click trading, VPS hosting, and a stop out level of 50%. Features like Social Trading allow traders to “invest smarter.” You can copy the trades of limefx reviews profitable, consistent traders. Traders who act as Signal Providers can scale their income, earning extra money when investors copy their account and trading moves. Social Trading indicates that this broker works with both sides of the spectrum, experienced and new(ish). When trading at that volume, you can easily end up earning (or losing) far more than the initial deposit bonus amount.
The MT4 platform offers good security as it uses 128-bit encryption for data protection. MultiBank Group provides the MetaTrader 4 web trading platform that can be accessed from any web browser, or you can also download it to use as desktop software. You can use all the advanced features of these trading platforms for your benefit.
What is the minimum deposit for MultiBank?
Also worth noting is its license to operate as a cryptocurrency exchange. Educational content at MultiBank is limited to a series of basic videos and ebooks powered by MTE Media, which are available on a new dedicated education section on the broker’s website. I was pleased to see this new educational portal, and I’m looking forward to seeing more content from MultiBank. That said, this broker still has a long way to go if it wants to compete with the best brokers for education.
Are there any currency conversion fees when trading with MultiBank Group?
They are a highly-regulated and reliable broker that offers a wide range of tradable assets, multiple trading platforms, and excellent customer support. You can download the MT4 or MT5 platform on your computer or mobile device and start trading with them. Both the platforms are user-friendly and offer a limefx reviews wide range of features and tools for forex trading.