Rating Index
Pros
Regulated by multiple reputable authorities, ensuring a secure trading environment.
Wide range of tradable assets, including forex, commodities, and indices.
Competitive spreads, especially on ECN accounts, providing cost-effective trading options.
Cons
Inactivity fees may apply, which can affect traders who do not maintain regular trading activity.
Limited educational resources, making it challenging for beginners to learn and improve their trading skills.
Withdrawal fees may be present, potentially impacting the overall cost of trading.
Multibank broker Accounts
MultiBank Account Types
MultiBank Group offers three distinct account types tailored to different trading needs:
- Standard Account
- Minimum Deposit: $50
- Minimum Forex Spreads: 1.5 pips
- Maximum Leverage: 1:500
- Commission: Commission-free
- Account Base Currencies: USD, GBP, EUR, CHF, AUD, NZD, CAD
- Pro Account
- Minimum Deposit: $1,000
- Minimum Forex Spreads: 0.8 pips
- Maximum Leverage: 1:500
- Commission: Commission-free
- Account Base Currencies: USD, GBP, EUR, CHF, AUD, NZD, CAD
- ECN Account
- Minimum Deposit: $10,000
- Minimum Forex Spreads: 0.0 pips
- Maximum Leverage: 1:500
- Commission: $3 per lot
- Account Base Currencies: USD, GBP, EUR, CHF, AUD, NZD, CAD
Visit the Website: Go to www.multibankfx.com and click on “Open Live Account.”
Select Account Type: Choose the desired account type (Standard, Pro, or ECN).
Fill the Registration Form: Complete the online registration form with accurate personal and account details.
Upload KYC Documents: Provide scanned copies of your identification (passport or national ID) and proof of residence.
Make Minimum Deposit: Fund your account with the required minimum deposit via bank transfer, e-wallets, or credit/debit card.
Account Validation: MultiBank will verify your documents and approve your account. You will receive your login credentials via email.
All account types feature the same online application process, allowing traders to choose based on their individual trading preferences and capital.
MultiBank Broker Account Opening Process
Opening an account with MultiBank Group is a straightforward process that can be completed in a few simple steps:
Once the account is approved, you can start trading across various financial instruments available on MultiBank's platforms.
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