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Reviewed by: and verified by Steve Miley (The Market Chartist)


MultiBank Exchange Group
MetaTrader 4, MetaTrader 5, MetaQuotes, cTrader
Payment Methods:
Instant Payment, Bank Transfer, Crypto Payments (BTC, USDT ERC20 or USDT TRC20.), SEPA



- Well Regulated
- 24/5 Multilingual Support


- No FCA regulation
- No Bonus offer

MultiBank Exchange Group Review

Launched way back in 2005, in California, Multibank Exchange Group has grown into one of the largest and most solid Forex and CFD brokerages, by volume and capitalization. Indeed, the advantages offered by MultiBank Exchange Group are numerous, their trading platforms are solid, and their product selection is more than decent.

The operator boasts paid up capital of more than $322 million. As said in the title, the regulatory profile of the brokerage is impressive as well: the operation is licensed on 5 continents, and it maintains physical presence in 30 countries through offices opened in various locations. An Automatic Trading Desk is used to eliminate conflicts of interest and full ECN platforms are provided to all clients. The spreads featured at MultiBank Exchange Group are indeed some of the tightest in the industry. Non-slippage is guaranteed and the 500:1 leverage is more than enough to satisfy the needs of all trader classes.

The safety of trader funds and the security of financial moves made through the brokerage are among the top priorities of the operator. The liquidity offered by MultiBank Exchange Group is very solid as well: it originates from more than 20 of the world’s  best-known banks. Custodial bank facilities and white label services are included in the MultiBank Exchange Group offer too.

Other than their traders, MultiBank Exchange Group have paid attention to the needs of their introducing brokers (IBs) too. These guys benefit from some top-notch commissions and rebates on their own transactions. White label clients and those taking advantage of MultiBank Exchange Group’s Franchise Scheme, also gain access to fully customizable Demo- and Live-account opening apps.

MexGroup Website


One of the financial regulators who have given MultiBank Exchange Group a license, is none other than Australia’s ASIC, one of the most exigent such regulatory agencies worldwide. In addition to their ASIC license, MultiBank Exchange Group are also approved by the Federal Financial Supervisory Authority of Germany (BaFIN), the Financial Services Commission of the British Virgin Islands, and the Monetary Authority of the Cayman Islands.

To fulfill regulatory requirements, MultiBank Exchange Group feature fully transparent price making, with 20 banks, 6 ECNs and 12 Exchanges involved in the process. There’s an account type they offer, which considers prices from all the above named sources, and delivers the absolute best one to clients.

MultiBank Exchange Group Awards

The brokerage is the recipient of scores of industry awards, from The Most admired Company of 2017, to the CEO of the Year and the Best Forex Exchange Platform awards. Besides being the best liquidity provider, MultiBank Exchange Group is indeed one of the biggest providers of financial derivatives products in the world. Granted, most of the awards received by the operation originate from Asia (China) or the Middle East (UAE).

This may not be an actual award, but it is worth noting that the Global Alexa Rank of the MultiBank Exchange Group website, Mexgroup.com, is a very respectable 5,490. This is indeed a very good indication of the popularity of the operation.

MultiBank Exchange Group Product Selection

In the Forex product category, MultiBank Exchange Group offer no fewer than 55 currency pairs. The maximum leverage available on these products is 500:1, and there are no restrictions on the use of EAs (Expert Advisors) and Scalping. What’s more, the brokerage provides its traders with free access to a selection of MAM and PAMM accounts, as well as a VPS service, which is indeed a sort of a must for the proper use of EAs. On all majors, the spreads start from 0 pips.

The Pure ECN Pro platform is the one with the lowest spreads. Through this platform, the floating spread on the EUR/USD starts from 0.1 pips. The biggest spread is on the XAU/USD (from the precious metals category) and it’s set to 7.9 pips. Again: these are the lowest spreads from the Pure ECN Pro platform. On other platforms, all these spreads are higher, and in some cases, they are fixed instead of floating.

The commodities section features low margin requirements, very competitive commissions and over 100 underlying assets. The MultiBank Exchange Group website offers detailed information on CFD contract sizes, margins, spreads and trading hours.

As far as Metals are concerned, clients can trade them through Live-, Demo-, as well as IB accounts. The maximum leverage available on this product category is 250:1, and the spreads allegedly average 25 cents on Gold. According to the MultiBank Exchange Group website, the brokerage is indeed the first financial entity to offer market depth on Bullion.

On the Pure ECN Pro and Multibank Platforms, the spreads are floating. On the former, the lowest spread on the XAG/USD is 3 pips, while on the XAU/USD, it is 7.9 pips. On the Multibank platform, these same spreads are 4 and 15.

On the Turbo Meta MT4 platform and on the Maximus MT4 one, the spreads are fixed. The minimum spread on the XAG/USD on Maximus is 5 pips, while on the XAU/USD, it is 25 pips.

In regards to indices, the product selection covers some 72 assets, with tight spreads and low margin requirements. Indices too are traded through CFDs.

MultiBank Exchange Group Trading Platforms

As it’s probably obvious by now: MultiBank Exchange Group’s platform selection is based on MT4. In addition to that, the brokerage has made MT5 available to its clients as well. MT5 brings improvements over MT4 in the way EAs and custom indicators are coded, which is indeed a major asset for those who build such indicators/auto traders.

From the point of view of the spreads, the Pure ECN Pro platform is obviously the most interesting. On this platform, premium traders can use EAs and Scalping without any restrictions/limits.

The Multibank Exchange Platform makes use of a much-hyped technology: it combines several pricing sources, such as banks, exchanges and ECNs, to come up with the best bid/offer prices for traders.

The Multibank MT4 platform manages to keep spreads low (0.7 pips on the EUR/USD pair). It also makes Scalping available to premium users.

On the Maximums MT4 platform, EAs and Scalping are available as well. The Turbo Meta MT4 is the account with the largest spreads. Traders benefiting from various rebates and promotional deals are usually limited to this platform.

MexGroup Platform

MultiBank Exchange Group’s Supported Account Types

To test the above listed trading platforms and trading conditions, MultiBank Exchange Group’s clients can open a Demo account at the brokerage, with $100,000 in virtual funds. The Demo account offers access to the full selection of trading platforms and products of the operator.

To open a real money account, traders need to submit an application form, which is made available in two versions at the site: simplified and detailed. Only after their application forms have been accepted, can traders log into their accounts and make their deposits.

Through MultiBank Exchange Group’s Swap Free accounts, all swap-related charges/credits can be waived. Those who take advantage of this setup, will have their trading activity restricted to the Turbo Meta platform though.

First time deposits receive a 15% bonus at the brokerage. This bonus is only available through MEX Australia and MEX Clearing Ltd. The bonus redemption requirements are 200 lots round-trip traded per every $1,000.

Standard Account Type

  • Minimum deposit $50
  • From 1.5 Pips (EUR/USD)
  • MT4, MT5 & cTrader

Pro Account Type

  • Minimum deposit $1,000
  • From 0.8 Pips (EUR/USD)
  • MT4, MT5 & cTrader

ECN Account Type (Raw Spreads and Instant Execution, No slippage)

  • Minimum Deposit $5,000
  • From 0.0 Pips (EUR/USD)
  • MT4 & MT5

Islamic Account Type

  • No swap charges on overnight positions for the first 10 days an All assets


MultiBank Exchange Group is indeed a serious and solid trading destination from every angle. The brokerage offers superb platforms and trading tools (among them a VPS service and an API) and it takes excellent care of its IBs and white label clients too.

* MEX Atlantic traders can earn a deposit bonus up to $40,000 on top of their investment and redeem forex bonus for real cash. **Bonus is available only on Pro & Standard Accounts.  Trading requirements:  Scales with lots traded. After a certain point, the full amount can become withdrawable. **Example on a deposit of $1,000 (20% bonus is $200) Lots to trade = 80 Lots


Having started his online career back in 2005, over the years, James has written for scores of websites, covering online poker, eSports, Forex trading, binary options, and digital ledger technology... Continued

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