MultiBank Group Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：MultiBank Exchange Group has been established for over 20 years and is one of the world's largest CFD and Forex dealers. MexGroup has operations in the United States, Germany, Australia, England, China, Cyprus, the Cayman Islands, and the Virgin Islands. Chase Finance (Mex Group) is currently regulated by the Australian Securities and Investments Commission (ASIC), the Virgin Islands Financial Services Commission (FSC), and the German Federal Financial Authority (BaFin).

　　General Information & Regulation of Multibank Group

　　MultiBank Group Corporation has been operating since 2005 when its first company was registered in California (USA). MultiBank Group is currently licensed by six international regulators: Australian ASIC, German BaFin, Austrian FMA, Spanish CNMV, BVI FSC, and Cayman Islands CIMA.

　　Market Instruments

　　Through Multibank Group, investors can trade popular financial instruments, including foreign exchange currency pairs, individual stocks, bonds, indices, and spot metals.

　　Minimum Deposit of Multibank Group

　　Multibank Group's customer sopport staff claims that there are three platforms containing different minimum deposits. The minimum initial deposit of opening a standard account is $200, which is slightly inconsistent with the following details.

　　Leverage of Multibank Group

　　MexGroup permits the high leverage ratios up to 1:500 available for retail traders. Obtained leverage also depending on the instrument traders trade, as well as defined by the level of trader, thus professionals access higher levels once confirming its status. Retail traders leverage is maximum 1:500 for major currency pairs, 1:100 for commodities.

　　Spreads & Commissions of Multibank Group

　　Multibank Group offers the floating spread, EURUSD spread from 0.0 pips, GBPUSD from 0.7 pips, XAUUSD from 0.2 pips, XAGUSD from 6.8 pips, EURGBP 0.1 pips, GBPJPY from 0.2 pips, Brent Oil and US Oil both 3.0 pips. When it comes to commissions, the ECN Pro account charges certain fees in addition to spreads, while other two accounts calculate trading cost all into spreads.

　　Trading Platform of Multibank Group

　　Multibank Group provides traders with several trading platform options, ECN Pro, Multibank Pro, Maximus platform, MT4 and MT5 trading platforms.

　　Deposit & Withdrawal

　　Multibank Group offers traders a variety of convenient and secure ways to deposit and withdraw funds, mainly through debit cards, credit cards, wire transfers, UnionPay, FasaPay, Skrill, and Neteller. There are no fees for accessing funds.