This offering is generally geared towards high-volume scalpers and day traders. I concluded that the Standard account with a $50 minimum deposit requirement is the most affordable. The chart screen is a platform’s key feature, crucial for technical analysis through price action overview. It offers numerous analytical tools and configuration options for comprehensive examination. The ease of scaling price action is, in my experience, its most critical aspect. Multibank offers its proprietary Multibank-Plus platform and incorporates the standard suite of MetaTrader 4 and MetaTrader 5.

The broker meets all critical safety standards, including ensuring negative balance protection and the segregation of client funds. I performed my tests on a Pro trading account using the desktop and mobile app versions of MetaTrader 5. The account was opened with the MEX Atlantic Corporation entity of the broker. Some features and services may vary depending on where you reside and which entity you open an account with.

The cutting-edge trading platforms offered are built for stability, https://worldtradex.pro/ allowing you seamless, real-time trading. Trade over 20,000 assets, including forex, metals, stocks, indices, commodities and cryptocurrency. Enjoy zero-commission trading, negative balance protection and nano-second execution without requotes, rejections, or EA limits.

Account Types and Terms

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. Users will soon have access to the all-in-one MultiBank Plus trading app available on the web and mobile. Among the above-mentioned account types, the ECN Pro account offers the tightest spreads, starting from just 0.0 pips. Sadly, this account type comes with a rather large minimum deposit of USD 5,000, making it unattainable for many smaller traders.

Account types

Ideal for beginners with a $50 minimum deposit, offering commission-free trading with wider spreads. The MetaTrader 5 (MT5) platform is intended to fulfill the expanding demands of brokers and traders, building on the success of its predecessor, MT4 and offering new features and functionality. You can trade popular cryptocurrencies like Bitcoin, https://worldtradex.blog/ Ethereum, and Ripple with MultiBank Group. Capitalize on the volatility of the digital asset market, perfect for experienced traders with an aggressive strategy. MultiBank provides multiple trading introduction courses and 4 in-depth trading courses, each containing lessons that teach the basics of online trading.

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Research and education at MultiBank Group brands have a long way to go to catch up to industry leaders, but the broker continues to make progress in other categories. I was happy to see that it has developed its own social copy trading platform, and spreads are competitive on its ECN Account offering.

Bull Market and Bear Market: What Are The Major Differences?

• Capitalize on the volatility of the digital asset market, perfect for experienced traders with an aggressive strategy.
• MultiBank Group has 80,000 clients and places millions of trades per year.
• When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.
• Here, spreads start from 1.4 pips, and the minimum deposit is set to just USD 50.

The values listed below are for one full base currency contract (100,000 units). Read our full explanation and accounting of our research and testing process to learn more about how we test. MultiBank Group was founded in 2005 and today employs over 600 staff globally. According to MultiBank Group’s website, the broker is well-capitalized with over $322 million in paid-up capital.

The ebooks also have a heavy emphasis on the study of technical analysis but also focus on the psychology of trading. On the other hand, its dated and rugged design falls short compared to newer, sleeker platforms. As a trader who prioritizes flexible chart scaling, I find MT5’s charting capability too rigid and less effective. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.

Account Types

Analyzing price action behavior on low-resolution devices is extremely difficult. That is why I recommend using the mobile app only to monitor the development of your open positions and make changes if needed. Third is the Maximus account, which requires a minimum account size of $50.

The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions. Additionally, Multibank offers Virtual Private Server (VPS) hosting for enhanced execution speeds. While the spread rate on the Standard account exceeds the industry average, the Pro and ECN accounts offer trading conditions that are more favorable compared to the industry average. Broken by asset class and compared to the industry average, Multibank offers low spreads on currency pairs, share CFDs and indices, low-to-average spreads on commodities, and high spreads on cryptocurrencies.

Also worth noting is its license to operate as a cryptocurrency exchange. It caters to traders following Islamic finance principles, offering swap-free options. Effortlessly copy successful traders worldwide and earn extra income by replicating strategies. Enjoy hassle-free investing with 24/7 support on our globally regulated and licensed platform. The MultiBank-Plus mobile app allows you to trade on the go, giving you market power at any time and from any location.

Despite slower execution speeds, Multibank shines in service usability and offers dividends for long positions in indices. Multibank is a great choice for day traders with various experience levels. MultiBank’s range of tradable financial instruments includes stock CFDs, commodities, indices, cryptocurrencies, and forex. There are no internal deposit or withdrawal fees, but third-part charges apply, which is why I recommend traders check costs.