MultiBank Group Review Australia 2026

MultiBank Group at a glance: 17 key facts

The Australian entity, MEX Australia Pty Ltd, holds ASIC AFSL 416279, current since 20 March 2012, and opens the Standard account from a US$50 minimum deposit. The 17 key facts in the table below cover the entity, the regulator stack and the fee schedule.

The two minimum deposit rows sit in two different currencies on purpose, because the broker’s own account pages denominate them that way.

MultiBank Group ECN and Standard spreads, measured

MultiBank Group ECN measured 0.40 pips across the eight-pair basket over May to June 2026, and the Standard account measured 1.5 pips on EUR/USD and 1.61 pips across the same basket.

The spread capture window ran rolling 24-hour samples through IceFX SpreadMonitor on a London VPS, the same rig used across the lowest spread brokers in Australia comparison, so the MultiBank Group ECN and Standard spreads sit on the same basis as every other broker in that table. The basket figure ranked ninth tightest of the raw accounts we tested at 0.40 pips.

The broker publishes its own per-pair averages, and those are advertised figures rather than measured ones:

The gap between the two sets is the point. The advertised figure of 0.1 pips on EUR/USD is a house number on a house methodology, and the 0.40 pip basket is what a rolling capture returned across eight pairs through full sessions including the thin hours.

What it costs to trade with MultiBank Group

The ECN commission rate is not published, so what it costs to trade with MultiBank Group cannot be totalled on this page, and the 0.40 pip measured basket is the only cost figure that stands on its own.

The unpublished commission rate is a genuine gap rather than a formatting quibble. The commission table lists brokers publishing one flat rate, and this one stays out of it, so a trader cannot compare total cost against the field before funding an account.

The Standard account carries the whole cost in the quote instead. At 1.5 pips on EUR/USD it runs wider than CMC Markets on the same pair over the same window, and considerably wider than the major commission-free brokers.

Other fees AU traders should check

• Overnight swap rates apply on positions held past 5 PM New York time, direction-dependent.
• The inactivity fee runs US$60 per year after a dormant period, reset by a single trade.
• Currency conversion applies to any instrument outside the account base currency.
• Withdrawal fees vary by method rather than running flat.

MultiBank Group trading platforms

MultiBank Group trading platforms number one on the Australian entity, MetaTrader 4, across three builds: desktop, mobile and the browser-based Web Terminal.

MetaTrader 4

The MT4 build runs on Windows, on macOS through a wrapper, and on mobile, with expert advisors supported throughout. That single platform choice is the sharpest limitation on this page, because MT5 and the proprietary MultiBank Plus terminal are offered by other group entities rather than by the ASIC-regulated Australian one.

MT4 Web Terminal

The MT4 Web Terminal runs in the browser with nothing to install, and it suits a trader who does not need expert advisors. The platform charting and order entry work as they do on the desktop build, with the automation layer absent.

What is missing

The platform list excludes MT5, cTrader and TradingView entirely on this entity. The platform gap sends a trader who wants any of the three to a different broker, because none can be added to an account under AFSL 416279.

MultiBank Group MAM accounts and copy trading

MultiBank Group MAM accounts let one manager trade a master account with allocations flowing through to linked client accounts on an agreed split, and no proprietary social feed exists alongside them.

The MAM structure is the substantial half of the copy offering. A managed account under it is a legal arrangement between the client and the manager rather than a subscription, and the allocations settle automatically across the linked accounts.

The MetaTrader Signals platform covers the lighter case, where a subscriber mirrors a provider’s trades through the standard MetaQuotes feed. That platform works the same way here as at any MT4 broker, so it differentiates nothing.

The copy trading platform gap is the absence of a proprietary social feed of the kind eToro is built around, and the copy trading comparison covers who does it properly. The platform carries nothing for a trader wanting to browse and follow individual traders beyond the Signals marketplace.

Is MultiBank Group safe? ASIC AFSL 416279

The Australian licence entity, MEX Australia Pty Ltd, holds ASIC AFSL 416279, current since 20 March 2012, and the group adds five further licences including BaFin in Germany at Tier 1.

ASIC regulation and global licences

The Australian entity holds AFSL 416279 with the Australian Securities and Investments Commission, and the licence is in good standing. The Australian entity also holds an AUSTRAC digital currency exchange registration numbered 100724469.

The group licence stack holds six entries:

• ASIC, Australia, Tier 1
• BaFin, Germany, Tier 1
• CySEC, Cyprus, EU
• SCA, United Arab Emirates
• MAS, Singapore
• BVI FSC, CIMA and VFSC, offshore

The BaFin licence is the one that matters most of those. The BaFin licence is Tier 1 and it is rare among brokers available to Australian retail clients, which is the whole basis of the trust rating on this page.

History and ownership

The parent group was founded in California in 2005 by Naser Taher and is headquartered in Dubai today. The parent history runs twenty-one years behind the brand, and the Australian licence covers fourteen of them.

Public reviews

What other review sites say

MultiBank Group's iOS app rates 5.00 out of 5 from 4 ratings on the Australian App Store (August 2026), listed as MultiBank-Plus: Invest & Trade.

App Store AU

5.00

4 ratingsAugust 2026

Third-party rating coverage of the Australian arm is thinner than for the larger Australia-focused brokers, which tracks the entity’s size here rather than anything about the service. The rating comparison above renders only the figures held against a capture.

MultiBank Group client money protection and AFCA membership

MultiBank Group client money protection runs through segregated accounts at an Approved Australian Bank, with AFCA hearing claims up to A$1,263,000 and awarding compensation up to A$631,500.

Client money accounts sit separate from company funds. ASIC requires negative balance protection on retail CFD accounts, so a retail account cannot lose more than the money in it. The scheme caps behind that run to A$150,000 under the Compensation Scheme of Last Resort, which excludes CFD trading losses and covers unpaid awards for misconduct rather than losing trades.

The licence boundary matters more here than at a single-entity broker. Those protections attach to AFSL 416279 and to MEX Australia, not to the MultiBank brand, so the group’s offshore entities sit outside them entirely. The field comparison sits in the list of the safest CFD brokers in Australia, and the mechanism in the guide to negative balance protection in Australia.

The practical licence test is simple. An account opened under AFSL 416279 carries the AFCA route and the client money rules, and an account opened with a group entity elsewhere carries neither.

MultiBank Group account types and minimum deposit

MultiBank Group account types number two, and the minimum deposit is US$50 on Standard and A$1,000 on ECN, denominated that way by the broker’s own account pages.

The two accounts carry the same markets on two pricing models. Standard is the cheaper way in, so nothing stops a trader starting there and moving across once volume justifies the commission.

The MAM structure sits alongside both for managed trading rather than forming a third retail tier, and it is covered in its own section above.

Minimum deposit

The Standard minimum deposit is US$50 and the ECN minimum deposit is A$1,000, per the MEX Australia account pages and PDS, checked 17 July 2026. Both accounts carry a free demo, and the field comparison sits in the demo account comparison.

MultiBank Group funding methods and withdrawal times

MultiBank Group funding methods number nine, seven of them at A$0, from instant card payments to bank transfer in one to two business days.

Deposit methods (AU clients)

Nine funding methods is a wide menu, and the Australian rails that matter are all present: PayID, BPAY and POLi all settle without a card network in the middle.

Withdrawals

The withdrawal fee varies by method rather than running flat, which is worth checking against the deposit rail before funding. Withdrawals must return by the same source as the deposit where possible, under anti-money-laundering rules.

Account opening

Account opening runs online and AUSTRAC-compliant, and most Australian applications clear within 24 to 48 hours.

MultiBank Group markets and instrument counts

MultiBank Group markets and instrument counts run to four asset classes on the Australian entity: forex, gold and silver, indices and spot energy.

The group markets itself on a 20,000 plus instrument headline, and that number belongs to entities other than the ASIC-licensed one, so it reads as a group statistic rather than an Australian one. The class range here stops at four, and the CFD product categories comparison covers where they sit against the field.

No per-class instrument figure is published for the Australian entity, so the table above states what is tradeable rather than a number nothing supports. Share CFDs, cryptocurrency CFDs and bonds are all absent under this licence, and a shortlist turning on any of the three rules this broker out.

Gold and metals

The metals range is the group’s heritage and the Australian entity’s real strength, pricing gold and silver CFDs on both accounts. No tested gold spread has been captured here, so the 0.40 pip ECN forex average stays the only measured cost figure on this page. The retail leverage caps apply to gold at 20:1, and the metals markets are compared in the guide to gold and precious metals CFDs.

Indices and energy

The index range covers the ASX 200 plus the major global benchmarks, and no count is published for it. The energy markets carry spot oil and gas on both accounts at the ASIC 10:1 retail cap. Neither range is deep, which is consistent with the entity’s narrow overall coverage, and the comparison sits in the guide to the index CFD set.

MultiBank Group leverage and margin under ASIC rules

MultiBank Group leverage and margin hold at the ASIC retail caps of 30:1 on major forex pairs across both accounts, with no Australian professional tier above them.

ASIC caps retail CFD leverage at 30:1 on major forex pairs, 20:1 on minor pairs, gold and major indices, 10:1 on commodities other than gold, 5:1 on share CFDs and 2:1 on crypto assets. The caps come from a product intervention order extended to 23 May 2027, so they apply at every ASIC broker rather than at MultiBank Group alone.

The offshore leverage figure of 500:1 is delivered by the MEX entity rather than the ASIC one, confirmed July 2026. Reaching it means leaving AFSL 416279, and the AFCA route and the ASIC client money rules leave with it, so none of it applies to the licence this review scores.

The retail margin rule requires every CFD issuer to close a retail client’s positions once account equity falls below half the total initial margin on all open positions. Positions cannot be netted against each other to cut that figure, and a gapping market can close a position below the 50% level. The margin trade-off is set out in how leverage multiplies exposure and compared across the field in brokers that offer high leverage.

MultiBank Group customer support

MultiBank Group customer support runs 24 hours a day, seven days a week on phone, live chat and email, and the desk is multilingual.

The service stack answered in under two minutes on live chat during peak windows in testing. The service stack runs to three channels including a phone line, and the round-the-clock cover puts the hours ahead of the several brokers in this coverage that close across the weekend.

The multilingual desk range fits the group’s client base rather than its Australian one. The service stack answers a Sydney or Melbourne client at the same desk as a Dubai or Frankfurt one, which is a strength on availability and a mild weakness on local context.

The service stack is why the support rating sits high on this page. The desk hours and the channel range are both at the front of the field, and neither is a close call.

MultiBank Group research, tools and education

MultiBank Group research, tools and education run to five components, doing the job without being a reason on their own to open an account.

The research stack covers daily market commentary, an economic calendar, a webinar series, trading guides covering MT4 and platform basics, and Autochartist integration on selected accounts.

Five research components is mid-field. The Autochartist research integration is the one that adds something a chart package does not, generating pattern and volatility alerts across the traded instruments automatically.

The account-tier condition on Autochartist is worth noting before signing up for it, because the tool sits on selected accounts rather than on every one. Nothing in the stack is proprietary, so the whole offering is available in some form at most brokers in this coverage.

The webinar series and the trading guides both target platform mechanics rather than strategy, so they suit a trader new to MT4 rather than one new to markets. The research calendar is the standard third-party feed every broker in this coverage carries.

How MultiBank Group compares to Pepperstone and IC Markets

MultiBank Group measured 0.40 pips across eight pairs against 0.46 at Pepperstone and 0.15 at IC Markets, on a commission rate it does not publish. How MultiBank Group compares to Pepperstone and IC Markets is a regulator-stack win against a platform and transparency loss.

Pepperstone brings five platforms, a measured execution figure and a published A$7.00 round-turn rate. IC Markets brings a much tighter basket and a deeper product range.

What MultiBank Group holds against both is the BaFin Tier-1 licence alongside ASIC, and the MAM structure for managed trading.

Should you open a MultiBank Group account?

MultiBank Group suits traders drawn to the MAM structure or the group’s metals heritage, on ECN pricing that measured 0.40 pips across eight pairs. The account fit breaks for almost any generalist need, which is served better elsewhere than by a MultiBank Group account.

Two groups of trader gain clear value from a MultiBank Group account. The licence stack reaches BaFin Tier-1 oversight alongside ASIC, which very few brokers available to Australian clients match. The MAM structure supports managed trading arrangements the retail platforms do not.

Two groups should look past a MultiBank Group account. The range stops at four asset classes with no share CFDs, no crypto and no bonds. The Standard account measured 1.5 pips on EUR/USD, and the ECN commission rate is not published, so total cost cannot be compared before funding.

MultiBank Group ranks eighth among the leading ASIC-regulated forex brokers on the 2026 scoring, carried there by the regulator stack rather than by pricing or range. A free demo account runs both accounts.

Advertiser disclosure: commercial arrangements on this page are set out in full.