MultiBank Account Types
MultiBank offers three distinct account types tailored to meet the varying needs of traders:
- MultiBank Standard Account
- Minimum Deposit: $50
- Minimum Forex Spreads: 1.5 pips
- Commissions: Commission-free
- Maximum Leverage: 1:500
- Minimum Trade Size: 0.01 lots
- Base Currencies: USD, GBP, EUR, CHF, AUD, NZD, CAD
- MultiBank Pro Account
- Minimum Deposit: $1,000
- Minimum Forex Spreads: 0.8 pips
- Commissions: Commission-free
- Maximum Leverage: 1:500
- Minimum Trade Size: 0.01 lots
- Base Currencies: USD, GBP, EUR, CHF, AUD, NZD, CAD
- MultiBank ECN Account
- Minimum Deposit: $10,000
- Minimum Forex Spreads: 0.0 pips
- Commissions: Commission-free
- Maximum Leverage: 1:500
- Minimum Trade Size: 0.01 lots
- Base Currencies: USD, GBP, EUR, CHF, AUD, NZD, CAD
The primary differences between these account types are the minimum deposit requirements and applicable trading fees, with the ECN account offering the lowest spreads for a higher deposit.
MultiBank Broker Account Opening Process
Opening an account with MultiBank is a straightforward process that can be completed in just a few steps:
- Visit the MultiBank Website
- Select Your Account Type
- Choose the account type that suits your trading needs: Standard, Pro, or ECN.
- Fill the Online Registration Form
- Provide your personal and account details accurately in the online form.
- Upload Relevant KYC Documents
- To verify your identity, upload scanned copies of your government-issued ID and proof of residence, along with any additional documents if applying as a corporate entity.
MMB accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .