MultiBank Group Review 2026
Regulated broker with real licence numbers.
MultiBank Group is a regulated CFD broker founded in 2005. It holds a ASIC licence under number 416010.
The basics
MultiBank Group was founded in 2005 and is headquartered in Dubai, UAE. It is privately owned. The broker offers CFDs on 20,000 instruments across forex, indices, commodities, and crypto. All positions are contracts for difference — there is no real asset ownership.
MetaTrader is available on all account types. Copy trading is not offered.
| Founded | 2005 |
| Headquarters | Dubai, UAE |
| Instruments | 20,000+ |
| Platforms | MT4, MT5, MultiBank App |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | No |
| Real stocks | No — CFDs only |
Is MultiBank Group safe?
ASIC-regulated brokers must maintain segregated client funds, meet strict capital requirements, and comply with Australian financial services law. Australia does not have a government-backed compensation scheme like the FSCS, but ASIC enforces high conduct standards.
| Regulator | Licence | Entity |
|---|---|---|
| ASIC | 416010 ✓ | MultiBank Australia Pty Ltd |
| FSA | SD036 ✓ | MBG Investments Ltd |
| DFSA | F004885 ✓ | MultiBank DMCC |
| BaFin | 156489 ✓ | MultiBank Europe GmbH |
You can verify the ASIC licence at asic.gov.au. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
MultiBank Group spreads
These are the typical spreads on MultiBank Group's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| EUR/USD | From 0.0 (ECN) + commission pips |
| GBP/USD | 0.3 pips pips |
| USD/JPY | 0.1 pips pips |
| Gold (XAU/USD) | 15c/oz |
| S&P 500 | 0.4pt |
MultiBank Group's EUR/USD spread of From 0.0 (ECN) + commission pips is wider than ECN-first brokers but typical for a commission-free account.
MultiBank Group withdrawal fee and processing time
Fee: None. MultiBank Group does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
MultiBank Group minimum deposit by entity
The minimum deposit depends on which MultiBank Group entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| MultiBank Australia Pty Ltd | ASIC 416010 | $50 | 1:30 |
| MBG Investments Ltd | FSA SD036 | $50 | 1:500 |
| MultiBank DMCC | DFSA F004885 | $50 | 1:400 |
| MultiBank Europe GmbH | BaFin 156489 | $50 | 1:30 |
MultiBank Group vs eToro
| MultiBank Group | eToro | |
|---|---|---|
| Primary regulator | ASIC 416010 | FCA 583263 |
| Min deposit | $50 | $50 |
| EUR/USD spread | From 0.0 (ECN) + commission pips | 1.0 pips |
| MetaTrader | Yes | No |
| Instruments | 20,000+ | 3,000+ |
| Copy trading | No | Yes |
| Withdrawal fee | None | $5 per withdrawal |
Both brokers are regulated and legitimate. MultiBank Group suits traders who value MetaTrader and algorithmic trading. eToro is better for traders who prioritise its specific regulated entity coverage.
Regulation — the numbers that matter
| ASIC | 416010 — MultiBank Australia Pty Ltd |
| FSA | SD036 — MBG Investments Ltd |
| DFSA | F004885 — MultiBank DMCC |
| BaFin | 156489 — MultiBank Europe GmbH |
Leverage for retail clients in the EU and UK is capped at 1:30 on major forex pairs under ESMA rules. The offshore entity offers up to 1:500, but with lighter regulatory protection.
Pros and Cons
What works
- ASIC regulated — MultiBank Australia Pty Ltd
- Low minimum deposit ($50)
- MetaTrader 4 and 5 available
- No inactivity fee
- Tight EUR/USD spread from 0 pips
- Regulated in 4 jurisdictions
What does not work
- No copy trading
- No real stock ownership — CFDs only
- High leverage only via offshore entity
The verdict
MultiBank Group is a legitimate, regulated broker. The ASIC licence number 416010 is verifiable on the public register. It is best suited for traders who want MetaTrader on a regulated platform. Rating: 4.0 out of 5.
Alternatives to MultiBank Group
If MultiBank Group does not fit your needs, these regulated alternatives are worth comparing:
Frequently asked questions
Is MultiBank Group safe?
ASIC-regulated brokers must maintain segregated client funds, meet strict capital requirements, and comply with Australian financial services law. MultiBank Group holds ASIC licence 416010, which is publicly verifiable on the official register.
What is the MultiBank Group minimum deposit?
The minimum deposit is $50. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the MultiBank Group EUR/USD spread?
The EUR/USD spread on MultiBank Group standard accounts is typically From 0.0 (ECN) + commission pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
How long does MultiBank Group take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does MultiBank Group charge withdrawal fees?
None. MultiBank Group does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does MultiBank Group have MetaTrader?
Yes. MultiBank Group supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.