In the first acquaintance with MultiBank Group, a complex image was created. There are no detailed trading terms: no information on withdrawals, no contract references for all trading assets, the offer is only available at the time of registration. Trade names are not very popular. The broker offers spreads above the market average with a minimum deposit of $ 50. Enter a value of $ 1,000 or more to get a competitive spread on an ECN account.
The technical part is also limping. Attempts to provide traders to upgrade Meta trader platforms were unsuccessful. According to traders, it is not always possible to add custom references or Expert Advisors created in the standard MQL code to them. Also, the public trading platform is suspicious. Given the nature of the equation, some results seem to be “pulled” and it is impossible to verify it as there are no detailed statistics on transactions, strategic descriptions, merchant contacts to obtain an investor password. Since you have no account manager account history.
This is not to protect the interests of traders. The licenses shown on the website are not related to the company with which you are concluding the Client agreement. For example, the ASIC has set a maximum CFD trading ratio of 1:30 by the end of 2020. The same restrictions apply to Europe. And if the MultiBank Review offers a 1: 500 rating, violates regulatory requirements or operates outside the European legal field, it misleads traders with information on the website.
Multi Bank Group is an active trader and active investor, whose conditions are ideal for professional traders.
The mismatch of trade names is among the most important issues for consumers, “eliminating” the majority of newcomers. A minimum deposit of $ 50 is only given to the account with a spread of 1.4 pips, which turned to 2.2-2.5 pips according to market terms. If you want to get competitive goals for low distribution, complete a deposit in the amount of 1-5 billion dollars. I’m not sure there will be many people who wish to invest that money quickly without checking the seller for at least a cent account. But the seller does not provide cents.