Overall Rating: ★★★☆☆ (3.3/5.0)

Multibank FX, part of the MultiBank Group, is a globally recognised forex and CFD broker founded in 2005. With offices in over 20 countries, it offers access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, along with a wide range of tradable instruments including forex, commodities, indices, shares, and cryptocurrencies. The broker promotes itself as one of the largest financial derivatives providers globally, boasting over $12 billion in daily trading volume. While it is regulated in several jurisdictions, some entities operate in offshore regions, and trading conditions vary depending on the entity used.

This Multibank FX review breaks down its regulation, pricing, platform access, and suitability for traders in 2025.

Key Features

Multibank FX combines institutional liquidity, robust platform access, and multi-asset trading with an emphasis on execution speed and pricing.

• Trading Platforms:
  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • Multibank proprietary platforms for desktop and mobile
• Markets Offered:
  • Forex, indices, commodities, stocks, and crypto CFDs
  • Over 20,000 instruments available
• Account Types:
  • ECN Pro, Standard, and Copy Trading accounts
• Leverage:
  • Up to 1:500 (varies by region and entity)
• Minimum Deposit:
  • From $50

Regulation and Security

Multibank FX operates under a multi-jurisdictional framework, though not all entities offer the same level of oversight.

• ASIC (Australia) – MultiBank FX regulated under AFSL No. 416279
• BaFin (Germany) – Registered entity for European clients
• FMA (Austria) – Entity serving Central Europe
• CIMA (Cayman Islands) and VFSC (Vanuatu) – Offshore entities with higher leverage
• MiFID II-compliant for EU accounts
• Segregated client funds and negative balance protection provided under major licences
• No investor compensation for offshore entities

Pricing and Costs

Multibank FX offers both commission-based ECN accounts and spread-only standard accounts, with transparent fee structures.

• Spreads:
  • ECN Pro: From 0.0 pips
  • Standard Account: From 1.4 pips
• Commission:
  • ECN: $6 per lot round-turn
• Deposit/Withdrawal Fees:
  • Free for most methods
• Inactivity Fee:
  • May apply after 90 days, not clearly disclosed

Educational Resources and Customer Support

Multibank FX offers a decent range of support materials for beginners and intermediate traders.

• Education:
  • Free trading courses, videos, platform guides
  • Webinars and seminars in selected regions
• Market Analysis:
  • Daily updates, trading signals, and technical outlooks
• Customer Support:
  • 24/5 live chat, email, and phone support
  • Multilingual agents and local language support in major regions

Risk Management Tools

Multibank FX provides standard risk management via its platforms and offers some flexibility depending on account type.

• Stop-loss, take-profit, and margin alerts
• Negative balance protection under regulated entities
• No guaranteed stop-loss orders (GSLOs)
• Risk tools limited to platform settings only

Pros and Cons

Pros

• Multi-regulated broker with global presence
• Access to MT4, MT5, and proprietary platforms
• Copy trading support and ECN execution
• Tight spreads and high liquidity
• Education and multilingual customer support

Cons

• Different entities offer different levels of protection
• No guaranteed stop-loss orders or advanced risk features
• Inactivity fees and terms not fully transparent
• Offshore registrations could limit fund safety in some regions

Conclusion: Is Multibank FX the Right Choice?

Multibank FX is a strong global broker for traders seeking access to institutional-grade pricing, multi-platform support, and broad market coverage. Its regulatory strength under ASIC, BaFin, and FMA adds confidence, though offshore entities lack investor protection. It’s a suitable choice for experienced traders and those focused on tight spreads and fast execution, but less ideal for beginners seeking more security or advanced risk tools.