MultiBank is a safe trading broker. It is regulated by the Australian Securities and Investments Commission (ASIC), Germany’s Federal Financial Supervisory Authority, and the Financial Market Authority Austria. Multibank has a long track record and has survived financial crises. The scammers are not the only ones who are interested in getting your money.

Maximus account is a multibank fx scam

MultiBank FX offers a wide range of financial products and services, including a Maximus account, which requires only a $50 minimum deposit. Customers can also sign up for a demo account which features a $100,000 virtual opening balance, so they can practice trading before making a real-world deposit. The company is also regulated in four continents and offers mobile trading services, so clients don’t have to wait in front of their computer to trade.

The MultiBank Pro platform offers trading spreads of up to 1.4 pips in normal market conditions. ECN Pro accounts are also available. Both MultiBank Pro and Maximus allow scalping and EA trading. However, ECN Pro accounts require a minimum deposit of $500, while the Maximus account requires only $50.

MultiBank is a safe trading broker

MultiBank offers a variety of trading platforms. Most of these trading platforms provide analytical tools to help traders analyze price movement and increase their profits. The trading platform MultiBank uses is MetaTrader4 but there are other options as well, including Web trader and Social Trading. The customer support team is also available around the clock and speaks eight languages, which is a nice feature.

MultiBank has received numerous awards from the financial industry. In 2022, it was named the Best Global Broker. In addition, it was named the Most Trusted Global Broker. The company follows a Non-Dealing Desk (NDD) trading structure that eliminates all conflicts of interest. MultiBank is regulated around the world and offers competitive spreads and low deposit amounts.

It lacks touch ID and face ID functionality

MultiBank FX is a forex broker that accepts traders from most countries except the United States. Its licenses span four continents and it cooperates with financial regulators to protect investors. However, the web trading platform of MultiBank is lacking in key security features such as a two-step login process. It also lacks face and touch ID functionality, which would make user identification more secure. MetaTrader’s secure platform offers these features.

It doesn’t offer enough forex pairs

MultiBank offers Islamic accounts that trade in the international currency market in accordance with Islamic principles. In addition, MultiBank does not charge overnight interest on its positions. The company also runs a Demo Account Championship that allows novice traders to compete against each other using virtual funds. The company offers access to over 45 forex pairs, two metals, and over 1,000 equities. Traders can choose from a variety of platforms and leverage levels. The company offers a global spread and is available in 41 languages.

To open a demo account, MultiBank asks for your name, e-mail, and a valid mobile phone number. It then sends you a PIN via SMS. You will then need to confirm your e-mail address, phone number, and country of residence. It’s important to note that MultiBank is regulated by ASIC and BaFin, two global financial regulators.

It offers high leverage

While there are many scams on the Forex market, the MultiBank Group broker is not one of them. The company is regulated by the Australian Securities and Investments Commission, Germany’s Federal Financial Supervisory Authority, Cyprus Securities and Exchange Commission, and Tianjin Financial Government. The company is not a multi-national corporation, so it can be considered a low-risk company. Its website offers a number of useful tools, including a tutorial video to help beginners and experts in trading.

Moreover, the company offers a social trading service. This service allows its members to share their trading strategies with others. The company also ranks traders based on their performance in trading. This allows users to choose copy traders based on their trading strategies.

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