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MultiBank Group fees, after the safety questions
Cost is the last thing to weigh when the question is whether your money is safe, so this page comes after the regulation page and reads in that light.
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.
What it costs to trade
- Spread from
- 0.0 pips
- EUR/USD spread
- Approx. 0.1 pips, ECN
- GBP/USD spread
- Approx. 0.4 pips, ECN
- Commission
- $3 per side / $6 round turn, ECN
- All-in cost, EUR/USD
- Approx. 0.7 pips
- Spread type
- Variable
- Overnight swap
- Both: overnight swaps apply; swap-free accounts available
- Inactivity fee
- $60/month after 3 consecutive months inactivity
- Currency conversion
- Conversion rate/charges apply where currencies differ
What this means
Cost is the last thing to weigh here, and never the thing that should decide it.
A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.
Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.
MultiBank Group lists a minimum deposit of $50. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.
Questions about MultiBank Group fees
Does MultiBank Group charge an inactivity fee?
MultiBank Group's inactivity fee is recorded as $60/month after 3 consecutive months inactivity.
What does MultiBank Group charge to hold a position overnight?
Overnight financing at MultiBank Group is recorded as both: overnight swaps apply; swap-free accounts available.
What is the EUR/USD spread at MultiBank Group?
MultiBank Group records an average EUR/USD spread of approx. 0.1 pips, ECN on a variable pricing model.
Fees at brokers under the same regulator
- Exness fees also licensed by CySEC
- ATFX fees also licensed by ASIC
- Mitrade fees also licensed by ASIC
- ThinkMarkets fees also licensed by ASIC
- Eightcap fees also licensed by ASIC