Updated Oct 20 2022
Visit 74-89% of retail CFD accounts lose money. |
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77% of retail CFD accounts lose money. |
Overview | |
MultiBank (MultiBank FX, MultiBank Group) is a global broker founded in 2005 that specialises in CFDs trading via MetaTrader 4 and 5 platforms. |
FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering. **The below information is provided based on FXCM EU LTD. For other FXCM entities, please go to the corresponding FXCM website for more information. TheTradingBible.com is acting in a capacity of marketing affiliate for FXCM EU LTD. |
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Licenses | |
Financial Regulation Regulated Top-tier Licenses 4 Other Licenses 4 Provided by |
Financial Regulation Regulated Top-tier Licenses 2 Other Licenses 2 Provided by |
🏛 Financial Regulators | |
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The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
No fresh news at the moment. Check again soon! |
No fresh news at the moment. Check again soon! |
Key Data | |
⌛ Account Opening Time | |
1 day | 1 day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
2005 | 1999 |
💳 Minimum Deposit Range | |
From $50 to $5,000 | $50 |
💰 Payment Methods | |
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💵 Account Base Currencies | |
17 - USD, EUR, AUD, AED, GBP, CHF, CAD, MYR, THB,VND, IDR, BRL, MXN, CLP, PEN, GTQ, NIO. | 4 - EUR GBP, USD, CHF. |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
US, CA, SY, IR. |
RU, US, CA, JP, SK, BE and more. |
📊 STP Account | |
No | No |
📊 DMA Account | |
No | No |
📊 ECN Account | |
Yes | No |
Banking License | |
No | No |
Debit Card | |
No | No | Assets |
📚 Assets Type | |
CFDs | CFDs |
Total Asset Offering | |
13,925 | 447 |
Exchange Access | |
0 | 0 |
📙 Real Stocks | |
0 | 0 |
📙 Stock CFDs | |
12,825 | 341 |
📘 Currency Pairs | |
0 | 0 |
📘 Currency Pair CFDs | |
41 | 41 |
📗 Commodities | |
0 | 0 |
📗 Commodities CFDs | |
21 | 14 |
📕 Indices | |
0 | 0 |
📕 Indices CFDs | |
27 | 19 |
📔 ETFs | |
0 | 0 |
📔 ETFs CFDs | |
1,000 | 0 |
💸 Cryptocurrencies | |
0 | 0 |
💸 Cryptocurrency CFDs | |
11 | 22 |
📒 Bonds | |
0 | 0 |
📒 Bonds CFDs | |
0 | 10 |
📓 Options | |
0 | 0 |
📓 Options CFDs | |
0 | 0 |
📗 Futures | |
0 | 0 |
📗 Futures CFDs | |
0 | 0 | Trading Experience |
📈 Minimum Stock Trade Size | |
1 Share | 1 Share |
📉 Minimum ETFs Trade Size | |
1 ETF | Unavailable |
📈 Minimum Crypto Trade Size | |
$1,000 (0.01 Lots) | 1 Unit |
📉 Minimum FX Trade Size | |
$1,000 (0.01 Lots) | $1,000 (0.01 Lots) |
📈 Minimum Commodities Trade Size | |
$1,000 (0.01 Lots) | Varies by Commodity (Eg: 1 Troy ounce of Gold) |
📉 Minimum Bonds Trade Size | |
Unavailable | Unavailable |
📈 Minimum Futures Trade Size | |
Unavailable | Unavailable |
📉 Minimum Options Trade Size | |
Unavailable | Unavailable |
💪 Retail Leverage | |
500 | 30 |
💪 Professional Leverage | |
Unavailable | 400 |
✍ Customisable Leverage | |
No | No |
🎲 Deleveraged Trading | |
No | No |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
No | Yes |
📱 Android App | |
No | Yes |
📺 MetaTrader 4 | |
No | Yes |
📺 MetaTrader 5 | |
Yes | No |
📺 cTrader | |
No | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
No | Yes |
💻 Proprietary Platform | |
No | Yes |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
Yes | Yes |
👫 Social Trading | |
Yes | Yes |
🔑 Guaranteed Stop-loss | |
No | No |
🔨 Trailing Stop-loss | |
Yes | Yes | Fees |
💰 Inactivity Fee | |
After 90 days of inactivity, $60 every month. |
50 units of the account's base currency yearly after 1 year of inactivity. |
💰 Deposit Fees | |
None | Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency). |
💰 Withdrawal Fees | |
None | None |
💰 Commissions | |
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None | Spreads |
📈 EUR/USD | |
Dynamic - From 0.1 to 1.2 Pips | Dynamic - From 1.2 Pips |
📉 SP500 | |
Dynamic - From 2 to 50 Pips | Dynamic - From 58 Pips |
📈 GOLD | |
Dynamic - From 2 to 50 Pips | Dynamic - From 41 Pips |
📉 TSLA (Stock CFD) | |
Unavailable | Dynamic - From $1.04 |
📈 XLK (ETF - CFD) | |
Unavailable | Unavailable |
📉 BTC | |
Unavailable | Dynamic - From $51 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
No | Yes |
📡 Reuters Feed | |
No | No |
📡 Educational Content | |
No | Yes |
📡 Live Chat Support | |
No | Yes |
📡 Video Tutorials | |
No | No |
📡 Account Management | |
Yes | No |
📡 Webinars | |
No | No |