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MultiBank Group accounts: which entity holds your money
The account you open decides which legal entity and which regulator stand behind it. Here are MultiBank Group's accounts with that in mind.
Regulation: ASIC (AFSL 416279); MAS (CMS101174); CySEC (430/23); BaFin (HRB 73406); FMA Austria (491129z); CIMA (1811316); UAE Capital Market Authority (20200000477); BVI FSC (SIBA/L/14/1068); Mauritius FSC (GB23201531); Seychelles FSA (SD198); Vanuatu VFSC (700443); plus additional group registrations/licences. How MultiBank Group is regulated
Facts last checked . Read the full MultiBank Group review.
Accounts
- Minimum deposit
- $50
- Account types
- Standard, Pro, ECN, Islamic, Demo
- Account currencies
- USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD
- Islamic account
- Yes
- Demo account
- Yes
- Professional account
- Yes
- Minimum trade size
- 0.01 lots
- Time to open
- Approx. 2 minutes
What this means
MultiBank Group runs 5 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.
Base currencies: USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.
The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.
A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.
Questions about MultiBank Group accounts
Which base currencies does MultiBank Group support?
MultiBank Group accounts can be held in USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD. Holding the account in the currency you deposit avoids a conversion charge on every deposit and withdrawal.
What is the minimum deposit at MultiBank Group?
The minimum deposit at MultiBank Group is $50. It can differ by account type and by the entity you register with.
What account types does MultiBank Group offer?
MultiBank Group offers 5 account types: Standard, Pro, ECN, Islamic, Demo.
Accounts at brokers under the same regulator
- Exness accounts also licensed by CySEC
- ATFX accounts also licensed by ASIC
- Mitrade accounts also licensed by ASIC
- ThinkMarkets accounts also licensed by ASIC
- Eightcap accounts also licensed by ASIC