There are currently hundreds of Forex brokers, so choosing a reputable one to sign up is essential. Although there are many criteria to evaluate, with experience of Kienthuctrade, Multibankfx is the most suitable choice for traders
- Year of establishment: 2005
- Management agencies: ASIC, BaFin, FMA, CNMV, FSC, CIMA and RAK
- Minimum initial deposit: $ 50
- Platform: MetaTrader 4, MetaTrader 5 và Web trader
To register Multibankfx broker, click here
Intrduction of Multibankfx broker
Founded in 2005, Multibankfx is a Hong Kong based broker that offers a wide range of financial services.
In 2016, according to a report from Multibankfx, the firm generated $ 4.3 billion in revenue, which helped Multibankfx become a serious competitor in the forex market.
To increase its reputation, Multibankfx also expands the insurance coverage for services provided from around 90 countries.
Currently, Multibankfx or Mexgroup Group is considered as one of the largest Forex / CFD brokers. Even multibankfx claims itself to be one of the largest suppliers of derivative financial instruments in the world, with many offices located in different countries around the world such as the United States, Australia, Germany, Austria, Spain, UAE, China (Beijing, Guangzhou), Vietnam, Cyprus, British Virgin Islands and Cayman Islands.
MultibankFX has all necessary and convincing elements to make traders feel safe when investing their money.
To register Multibankfx broker, click here
The operating licenses and insurance policies for multibankfx’s customers
Multibankfx owns a variety of licenses, all of which are from leading financial institutions such as ASIC, BaFIN or Cayman Islands CIMA (Cayman Islands Monetary Authority) and BVI F FSC. The British Virgin Islands Financial Services Commission also signed a license for Multibankfx.
- ASIC: business code (ACN) 155 084 058, authorized and regulated by the Australian Securities and Investment Commission with code 416279. The registered business name is MEX Australia Pty Ltd.
- FMA: Mex Asset Management is the Austrian-based branch of German asset management company, with code 491129z.
- CIMA: Mex Wealth Management is a subsidiary located on Cayman Islands managed by the Cayman Islands Monetary Agency.
There are also a number of other licenses, which can be found more at: https://multibankfx.com/about/regulations
To register Multibankfx broker, click here
Types of trading accounts
There are 3 different types of accounts at Multibankfx: ECN Pro Account, MultiBank Pro Account and Maximus Account.
ECN Pro account allows trading with spreads from 0.1 pips under typical market conditions with a certain commission charge and is traded on the MT4 platform.
MultiBank Pro account allows trading with floating spreads from 0.8 pips under normal market conditions with no commission charge.
Maximus account allows trading with spreads from 1.4 pips under typical market conditions with no commission charge.