Overview

MultiBank Group was founded in 2005, originally in California, and now operates out of Dubai, UAE, through a large multi-entity global network. The group publicly claims regulation across 18+ licences spanning multiple continents, including CySEC and Austria's FMA among the entities we could confirm. Importantly, MultiBank is not FCA-regulated and does not accept UK retail clients. If you're UK-based, this broker isn't an option regardless of its other credentials.

We were not able to independently confirm MultiBank's claimed ASIC licence on ASIC's own register in our research, nor the full list of 18+ regulators the group cites; treat that broad claim as requiring entity-by-entity verification before you rely on it.

Trading Costs

The Standard account runs a headline EUR/USD spread around 1.5 pips with no commission. The Pro account tightens that to roughly 0.8 pips, and the ECN account offers raw pricing plus a $3 per round-trip commission. Recent testing puts its EUR/USD average around 0.25 pips, competitive for high-volume traders, though the reported ECN minimum deposit ($10,000 cited by several sources) puts that tier out of reach for smaller accounts.

Platforms

MultiBank supports MT4 and MT5 alongside a proprietary "MultiBank-Plus" platform with integrated social/copy trading features.

Strengths

Wide base-currency selection reduces conversion-fee exposure for many traders
No withdrawal fees and a low minimum withdrawal cited by multiple independent sources
Competitive ECN raw spreads for high-volume/professional traders
Broad multi-jurisdictional regulatory claim, though entity-by-entity verification is advised

Watch Out For

A steep $60/month inactivity fee that kicks in after just 3 months, notably more aggressive than industry norms
Not FCA-regulated and doesn't accept UK retail clients
High $10,000 minimum deposit reported for the best-priced ECN tier
Broad "18+ regulators" claim requires entity-by-entity verification, since we couldn't confirm all of it independently

Our Verdict

MultiBank's ECN pricing is competitive if you can meet the higher deposit thresholds, but the $60/month inactivity fee after only 3 months is one of the steepest we've seen among the brokers we cover. Factor that in if you don't plan to trade actively and continuously. UK residents should look elsewhere given the lack of FCA coverage.