MultiBank Exchange Group (MEX Group) Review
MultiBank – One of The Largest Financial Derivative Providers in The World
MultiBank Exchange Group (MEX) is one of the biggest Forex/CFD brokers around, in fact, they are one of the largest providers of financial derivatives in the world. MEX Group has offices in many countries across the globe, highlighting how genuinely globalised their operation is. Today, they have offices on all of the major continents, including the United States, Europe, Australia, the UK, and Asia.
MEX Group has grown significantly since its inception in 2005 and now boasts paid-up capital of over $322 million. In fact, according to their reporting and statistics, in 2016 the total value of transactions executed by the brokers through their platforms, was over $4.3 billion. Within the next two years it is predicted that the broker’s value will continue to increase, reaching $2 billion in company capital once it undertakes an IPO. Several notable awards and accolades have been bestowed on MultiBank Group since its inception, including:
- Best Forex ECN Platform – Europe & Asia 2018
- CEO of the Year for Financial Services 2017 (Asia & Europe)
- China (Shenzhen) Forex Expo Best Execution Broker 2016
Unique Features – No Requotes, No Slippage!
The assets and financial product selection that MultiBank offers is world class. Price making is done through 6 ECN’s,12 exchanges and 20 of the most reputable world banks, which ensure the best prices for MultiBank Group traders. Further to this, a fully automated trading desk is employed to ensure there is no conflict of interest or human error.
One of the most prominent features of the MultiBank Exchange Group is that they offer deep liquidity and no restrictions on trading. MEX Group provides a variety of account types for traders, meaning that you can choose the offering that is most suitable for your needs. In addition, MEX Group also promotes that there will be no slippage or requotes for their clients, which is a promise that many brokers would not make.
There are many features that ensure they stand out in a crowded marketplace.
- No commissions are charged on withdrawals
- Trader withdrawals are processed within 24 hours
- 6 ECN’s, 12 exchanges and 20 of the most reputable banks ensure the best prices available
- Deep liquidity and no restrictions on trading
- Variety of account options for traders
- Amazing spreads offered within the MultiBank Group product selection
- Superior trading software with the use of MetaTrader 4 & 5
This broker offers four different platforms for trading that clients can use. Of these, the most notable and well-known platform is MetaTrader 4, which expert advisors can also utilise. Trading platforms of MEX Group act like a type of account, which means they impact price making, spreads and other variables. Outlined below is a brief description of the four account or platform types that can be utilised.
Multiple Account Options With MEX
Pure ECN Pro Account – allows trading with floating spreads, a minimum of 0.1 pips under typical market conditions. If you are a premium user of this account, you can also utilise EAs and scalping without limits.
MultiBank MT4 Account – allows floating spreads starting at a minimum of 0.5 pips under typical market conditions, and without any commission. EA use is available to anyone using the platform, however, scalping can only be utilised by premium users.
Maximum MT4 Account – allows trading with spreads starting at 1.4 pips under typical market conditions, with no commission. Users can instantly use scaping and EA as part of this account.
Turbo Meta MT4 Account – this account is the same as the Maximum MT4 account. However, there is a minimum fixed spread of 2 pips. This account also offers instant execution as well as scalping and EA use.
The different accounts are simple to understand and transparent in their offerings, with the significant difference being the platform spreads you can expect to encounter. A demo account is available, which is a must with any Forex and CFD brokers. MultiBank Group trader accounts are offered protection against negative balance, and the platform-selection of the operator is based on the award-winning MetaTrader 4 suite.
Withdrawals And Deposits – Commission Free
In today’s modern world, withdrawing and depositing funds into an account is a simple and secure process. This is regardless of whether you use traditional banking, such as credit cards and bank transfers, or you prefer to utilise the convenience of e-wallets.
MultiBank Exchange Group offer funding solutions in the form of credit cards, debit cards, Neteller, Skrill, FasaPay, UnionPay and wire transfers. Additionally, withdrawals can be made using the website. Any withdrawal and deposit using these methods are completed in 24 hours or less. Furthermore, MultiBank does not take any commission on withdrawals and deposits.
For an added layer of security, deposits and withdrawals should be made using the same method. Also, MEX Group will not accept deposits through third-parties, and they will only be accepted bearing the same name as shown on a clients legal documents.
Full-Service Customer Support
As with most businesses that handle your finances, MultiBank Group is available to contact 24/7 using several methods, including phone, email and direct live chat online. Support is localised to the different offices located around the world, with dedicated phone consultants for 23 different countries ensuring that someone is available to answer your questions in a native language. However, this service can only be utilised during the business hours of that particular country.
Further to this type of customer support, clients will also enjoy a broker who can serve clients with all levels of experience. Clients can also access essential educational resources and trading tools to enrich their knowledge and elevate personal trading potential.
World Class Regulated Mobile Trading
MultiBank Group allows clients a wealth of options for trading financial products on MEX Mobile Trader. With a wide range of over 55 Forex currency pairs, spot metals, over 72 global indices, and 13 different commodities, the offerings of MEX Mobile Trader is world class.
They are well renowned and regulated and licensed by the following bodies:
- ASIC – the Australian Securities and Investment Commission (AFSL number 416279)
- BaFin – the German Federal Financial Supervisory Authority (license number 73406)
- FSC – the Financial Services Commission of the British Virgin Islands (license number SIBA/L/14/1068)
Other Services – Education And Promotional Offers
- Complimentary VPS service which provides automated, accurate, high-speed trading at any time
- MAM Account which offers an easy to use interface, allowing you to manage your account with flexibility and a range of advanced technologies
Further to this, MEX Group customers are all offered multi-layered educational material that will help to increase trading potential. They also provide traders with powerful technical and fundamental analyses tools that assist the decision-making process. Strong strategy and risk management can be achieved by utilising the many materials on the MEX Group platform.
MEX Group also gives traders a variety of offers and promotions that you won’t find anywhere else. One such example is when clients make an initial deposit of $200 or more on any of the MultiBank platforms, they will receive $100 as a bonus. Clients will also enjoy monthly competitions that can be accessed by account and demo account holders. The winner of these competitions receive prizes such as $15,000 cash, a Mercedes Benz E-Class and other valuable offers.
Australian clients will also benefit from a 15% bonus deal offer when they open a new account. This bonus can be used for three months following their registration, with an upper limit of $30,000. Please see their specific terms and conditions before making your final decision.
Reliability and Safety
Reliability, safety and security are the foundation of MultiBank’s philosophy. Therefore your funds are held with the highest security, clarity and integrity in top-tier banks. Client funds are entirely separate from company funds, using segregated client accounts.
Feel at peace in the knowledge that your information is stored as securely as your funds and that your personal information will never be shared with third-party organisations. They also use the best technologies to encrypt their website, especially pages relating to payment methods.
MultiBank also offers an automated risk-management system, to ensure the protection of client accounts from a negative balance in times of extreme fluctuations. If the negative balance occurs due to extreme volatility, the broker’s clients will not be obliged to pay anything.
MultiBank are secure, reliable and regulated and provide a professional trading environment for clients who are new or proficient in Forex or CFD trading. Visit their website today to get started.Your capital is at risk