Multibank Exchange Group is duly registered by the ASIC and by the BaFin in Germany and is headquartered in the British Virgin Islands. The online broker was formed by a group of professional financiers from California in 2005. Multibank Exchange Group offers its investors high leverage up to 1: 500. Given the fact that according to EU legislation the maximum leverage in Europe is 1:30, the company seeks to make money on currency swaps using the USD/EUR pair. The minimum deposit is $50. The company uses the MT 4 platform. Multibank EG also provides financial services in China and Vietnam
Fouded
2005
Min deposit
50$
Min withdrawal
50$
Withdrawal fee
no
Inactivity fee
An inactivity fee of $60 is charged from dormant accounts
Min bet
0.01 lots
Max. leverage
1:500
Withdrawal of funds
1-5 working days
Asset type
Forex, Commodities, Indices, Shares, CFDs, Crypto
Regulated
BaFin, ASIC, FSC, FMA, CNMV, CIMA
Deposit with credit card
Visa, Mastercard, Maestro, Bank transfer, Local Bank Transfers
Depositing with electronic wallet
Neteller, Skrill, PayTrust, Perfect Money, PaymentAsia
Withdrawal
Visa, Mastercard, Maestro, Bank transfer, Local Bank Transfers, Neteller, Skrill, PayTrust, Perfect Money, PaymentAsia
Avalaible plamform
MultiBank Pro, Maximus, ECN PRO, MT4, MT5, Web, IOS, Android
Pros
Sharp adherence to regulation
Fast account opening
No commission deposits and withdrawal options
Demo account
Cons
Proposal vary according to the entity
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