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Multibank Review

Rating: 4,8/5

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Presented below is our full MultiBank review for UAE-based traders and investors. It highlights all essential aspects of this online broker and compares them with competitors within the industry. Our experts have researched how its trading platform and offered features perform for UAE users to help them decide whether to trade with the broker.

Page Summary

Review Summary

In short, MultiBank Group is the world’s most regulated forex and CFD broker. MultiBank Group is comprised of several entities that are regulated by 14 financial regulators, founded in 2005. It has over 1 million clients, a daily turnover of US$12,1 billion, allows trading with up to 500:1 leverage, and has excellent, 24/7 available customer support.

Users have access to 3 trading platforms (including MT4 and MT5), which are available on both desktop PCs and laptops and mobile devices and allow different trading styles, including casual trading, automated trading, high-frequency trading, social trading, short selling, scalping, and hedging. Users also have access to the all-in-one MultiBank Plus trading app available on the web and mobile.

MultiBank’s range of tradable financial instruments includes stock CFDs, commodities, indices, cryptocurrencies, and forex. The broker charges low, variable spreads (from 1,5 pips on EUR/USD) on its Standard and 0,8 pips on its Pro accounts, while its ECN account holders are subject to $3 commission per side per lot but have spreads from 0,0 pips (on EUR/USD). 

Below, our experts provide a detailed review of MultiBank’s product offering, starting with its available assets.

Assets (Best CFDs And Forex Broker)

MultiBank allows users access to over 20,000 financial instruments, including: 

  • 20,000+ Stocks as CFDs
  • 55 Forex pairs
  • 13 Commodities
  • 27 Indices
  • 11 Cryptocurrencies

Although users can trade over 20,000 CFDs on stocks, commodities, indices, cryptocurrencies, and forex, MultiBank doesn’t offer actual shares, funds, or ETF trading. For this reason, MultiBank Group is one of our top recommended brokers for forex and CFDs. 

See how MultiBank performs compared to other brokers based on market coverage:

MultiBankeToroInteractive Brokers
Stock CFDs20,000+2,0008,500
Indices CFDs272013
ETF CFDs02640
FX Options000

Commission, Fees, and Spreads

MultiBank offers commission-free forex and CFD trading on its Pro and Standard accounts, while its ECN accounts are subject to a $3,00 commission per side per lot. Additionally, the broker charges low, variable spreads, starting from 1.5 pips (on EUR/USD) standard account, 0.8 pips on its Pro account, and 0,0 pips (on EUR/USD) on its ECN accounts, making MultiBank a cheap broker for forex and CFD trading.

Below is a detailed breakdown of MultiBank’s trading and non-trading fees:

Trading Fees

Trading FeeMultiBankeToroInteractive Brokers
Cryptocurrencies0,5 pips (as CFDs)1%0,18%
Forex0,0 pips (EUR/USD)1,0 pip (EUR/USD)1,4 pips (EUR/USD)
CFDsCommission-free0,5 – 1,0 pip/trade0,05%

Note that Islamic swap-free account holders are subject to specific countries.

Non-trading fees

Type of FeeMultiBankeToroInteractive Brokers
Inactivity FeesNone$10/month after 12 months of inactivityNone
Conversion FeesNone0,0050 pips$50/conversion
Deposit FeeNoneNoneNone
Withdrawal FeeNone$5None (only in USD)
Management/Administration FeesNoneNoneNone
Social Copy Trading FeesNoneNoneN/A
Overnight Funding1,4% – 6,9%NoneNone

With no inactivity fees, no conversion, deposit, withdrawal, management, and social copy trading fees, and overnight funding rates between 1,4 and 6,9 percent, MultiBank’s non-trading fees are below the industry average.

Deposits and Withdrawals

MultiBank supports various payment methods, including debit and credit cards, bank wire transfers, and e-wallets like Neteller and Skrill. Both deposits and withdrawals are free of charge.

The minimum deposit at MultiBank to open a live trading account is $50 (for Standard Accounts). Pro and ECN Accounts have $1,000 and $10,000 minimum deposit requirements, respectively.

Withdrawal requests can only be submitted using payment methods used before to make at least one deposit.

MultiBank deposit and withdrawals compared with other brokers:

Bank Wire Transfer
Credit/Debit Card
Account Minimum$50$200$100
Deposit ChargesNoneNoneNone
Withdrawal ChargesNone$5None

Account types

MultiBank has 5 different trading accounts available:

  • Standard Account – allows users to trade forex, metals, indices, commodities, cryptocurrencies, and share CFDs with up to 500:1 leverage with spreads starting from 1,5 pips (on EUR/USD).
  • Pro Account – is suitable for traders who benefit from zero commissions, tight spreads, and instant order execution. Allows trading with up to 500:1 leverage with spreads starting from as low as 0,8 pips (on EUR/USD). 
  • ECN Account – best suited for traders looking for raw spreads and instant order execution. Allows trading with up to 500:1 leverage with spreads starting from 0,0 pips (on EUR/USD). 
  • Islamic Account – MultiBank’s Islamic swap-free account allows Muslim traders to trade according to Sharia law. It doesn’t feature Haram financial instruments and has no percentage-based overnight fees or swap rates.
  • Demo Account – allows users to familiarize themselves with the trading platform, practice trading, and backtest their trading strategies with a balance with virtual funds that mirror actual market conditions.

The MultiBank account opening process is straightforward and effortless and requires verifying your identity and address. 

Trading Platforms & Tools (Best Trading Platform For CFD and Forex)

After extensive research, our experts have classified MultiBank as the best CFD and forex trading platform with the broadest selection of trading tools. MultiBank has 3 trading platforms on multiple devices, including desktop PCs, laptops, Android, and iOS devices. 

Users can also access an extensive trading toolkit, including a watch list, Level 2 order book data, advanced charting, trading alerts, social trading, and a demo account. Additionally, MultiBank supports MetaTrader 4, MetaTrader 5, and social trading, allowing users to deploy Expert Advisors (EAs) and copy the trades of experienced traders automatically. 

MultiBank provides users access to the following trading platforms and integrations:

  • MultiBank-Plus – is a state-of-the-art proprietary trading platform designed to provide stability and real-time trading. It is available as a trading app as well. 
  • MetaTrader 4 – The world’s most popular trading platform that provides access to 80+ technical indicators and analytical tools, market orders, market depth of the latest price quotes, alert notifications, and more.
  • MetaTrader 5 – Offers the same as MetaTrader 4 and provides features, such as One-click trading, VPS hosting, full EA compatibility, superior fundamental analysis, including financial news and an economic calendar, and social trading functionality. 
  • WebTrader MT4 – The browser-based MetaTrader 4 platform. 
  • WebTrader MT5 – The browser-based MetaTrader 5 platform.
  • Social Trading – MultiBank’s proprietary social trading platform allows users to automatically copy the trades of professional and experienced traders from within their accounts.

Here is how MultiBank’s trading platforms and tools perform compared to competitor brokers:

Feature / BrokerMultibankeToroAvaTrade
Desktop Platform
Web Platform
Mobile Platform
Easy to Use
Market Depth/Level 2
Advanced Charting
Trading Alerts
Demo Account
Other non-Proprietary
Social/Copy Trading
Strategy Tester

The available trading platforms at MultiBank offer casual and advanced order types, technical and fundamental analytical tools, indicators and dynamic charting features, trading alerts, and watchlists, making MultiBank a suitable broker for both beginner and experienced traders.

Research and Education

MultiBank provides multiple trading introduction courses and 4 in-depth trading courses, each containing lessons that teach the basics of online trading. The introductory courses cover trading terms (glossary), global and macroeconomics, and social trading. 

The Advanced Lessons course covers candlestick charting and explains how critical patterns in trading work and form and how to trade when they arise. MultiBank also offers weekly newsletters covering trending assets, extensive financial research conducted by its in-house experts, and crucial economic updates. Additionally, the broker offers its clients a daily technical analysis newsletter that helps quickly identify profitable trading opportunities.

Customer Service

The MultiBank customer service is available 24/7 via WhatsApp, live chat, and phone in English, Arabic, and 10 other languages. 


MultiBank is the world’s most regulated broker. They are overseen by 14 tier-1 financial regulators, including the ASIC, AUSTRAC, BaFin, CIMA, ESCA, CySec, FSC, FMA, MAS, TFG, and VFSC. Additionally, MultiBank Group is regulated in the UAE by the Securities and Commodities Authority of the UAE as a Category 1 trading broker for over-the-counter derivatives contracts and foreign exchange spot markets.

MultiBank holds broker and financial licenses and is regulated in the following geographical locations:

  • European Union – MEX Europe Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission under license number 430/23.
  • Australia – MEX Australia Pty Ltd is regulated by the Australian Securities & Investments Commission (ASIC) under AFSL number 416279. Mex Digital Pty Ltd is licensed by the ASIC as a Corporate Authorized Representative under AFS representative number 001285048 and is registered as a digital currency exchange with AUSTRAC under registration number 100724469.
  • International – MultiBank FX International Corporation is regulated by the Financial Services Commission of the British Virgin Islands (FSC) under license number SIBA/L/14/1068. MEX Atlantic Corporation is regulated by the Cayman Islands Monetary Authority (CIMA) under license number 1811316.
  • Singapore – MEX Global Markets Pte. Ltd is regulated by the Monetary Authority of Singapore under license number CMS101174.
  • South Africa – MEX Pacific is regulated by the Vanuatu Financial Services Commission (VFSC) under license number 700443.
  • Austria – MEX Asset Management GmbH is regulated by the Financial Markets Authority (FMA) under license number 491129z.
  • Vietnam – IKON Financial Services Corporation Ltd is regulated by the Tianjin Financial Government (TFG) under license number 120000400121019.
  • Germany – MEX Asset Management GmbH is regulated by the German Federal Financial Supervisory Authority (BaFin) under license number HRB 73406.
  • China – MEX Fintech Limited is regulated by the Hong Kong Customs and Excise Department (HKCE) under license number 18-11-02612.
  • Middle East – MEX Global Financial Services LLC is regulated by the Securities and Commodities Authority of the UAE as a Category 1 trading broker under ESCA license number 20200000045.


MultiBank offers its Atlantic clients an insurance policy with Lloyd’s of London that guarantees an insurance policy of up to $1,000,000 per account. Additionally, the broker offers negative balance protection, meaning that users can never lose more money than they have deposited in their accounts.

Multibank UAE Special Features

MultiBank offers UAE clients a deposit bonus of up to $40,000 on their first deposit. This bonus can be withdrawn at a rate of $200 per 80 lots traded on forex and metals. Additionally, the broker offers a free Forex VPS for users who want lightning-fast order execution and conduct in automated or high-frequency trading. With MultiBank’s MAM/PAMM accounts, users can manage multiple trading accounts simultaneously, separating their funds and associated risks.


  • Access to 20,000+ CFDs on metals, forex, shares, indices, commodities, and cryptocurrencies
  • Forex spreads starting from 0.0 pip EUR/USD, 0.2 pip on Gold (on ECN accounts)
  • Advanced mobile trading app and Proprietary Trading Platform (MultiBank-Plus)
  • Access to the full meta trader suite (MT4 & MT5)
  • Negative balance protection
  • High leverage up to 500:1
  • Islamic and demo accounts are available
  • Expert Advisors, scalping, hedging, and shorting supported
  • Fast account opening process


  • Doesn’t hold a banking license
  • It isn’t listed on a stock exchange
  • A relatively small selection of trading tools compared to other brokers
  • Cryptocurrency deposits/withdrawals not supported


Being the world’s most regulated forex and CFD broker, MultiBank is safe and reliable. It also supports the full MetaTrader suite (4 & 5) and Expert Advisors (EA) and allows users to trade over 20,000 CFDs across 6 different asset classes and conduct social or copy trading.

Having both demo and Islamic accounts available and a low minimum deposit of $50 (200 AED), MultiBank is accessible to all traders, including beginners and Muslims. 

For this reason, our experts see no reason not to sign up, deposit, and trade with MultiBank as a UAE-based trader or investor.



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