Rating Index
Pros
Advanced trading platform with user-friendly features
Diverse range of financial instruments available for trading
Strong presence in the financial market with a large number of registered investors
Cons
Lack of regulatory oversight, raising concerns about fund safety
Limited information on commissions and withdrawal processes
Website does not provide contact details or legal documentation, which may deter potential clients
MMB broker Accounts
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
- Visit the MultiBank Website
- Go to www.multibankfx.com and click on “Open Live Account”.
- 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.
- Make the Minimum Deposit
- Complete the minimum deposit required to activate your account via bank transfer, e-wallets, or credit card.
- Account Validation and Approval
- MultiBank will verify your KYC documents and approve your account. You will receive your login credentials via email, and your trading account will be ready to use.
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:
With this simple process, traders can quickly gain access to MultiBank's extensive trading platforms and features.
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