MultiBank Group Review Australia 2026

Verdict

MultiBank Group is one of the larger global CFD brokers by client volume, with an ASIC-regulated Australian arm operating as MEX Australia Pty Ltd (AFSL 416279). For Australian traders, the appeal is regulatory breadth. Beyond ASIC, the wider group holds licences with BaFin in Germany, the DFSA in Dubai, the FMA in Austria, and several offshore regulators. That spread of oversight is something only a handful of brokers in our 30-broker AU set can match.

We rate MultiBank as a credible mid-tier option for Australian traders rather than a top-three pick. The local presence is real and the ASIC licence is in good standing, but the broker’s centre of gravity sits in the UAE rather than Sydney or Melbourne. That shows up in small ways. Australian traders looking for the Melbourne-founded story will find Pepperstone or GO Markets a closer fit. Traders chasing the absolute lowest forex spread will find IC Markets or Fusion Markets cheaper.

Quick facts

Trading costs and fees

ECN account for active traders

The ECN account is where MultiBank competes with the lowest-cost AU brokers. EUR/USD spreads start from 0.0 pips with a USD 7 round-turn commission per standard lot.

Standard account for casual traders

The Standard account uses a wider spread and zero commission. EUR/USD is quoted from 1.6 pips. That’s wider than CMC Standard (0.7 pips average) and considerably wider than the major no-commission brokers.

Pro account

The Pro account is positioned for higher-volume clients with tighter pricing and dedicated support.

Other fees AU traders should check

• Overnight swap rates apply on positions held past 5 PM New York. Direction-dependent.
• Inactivity fee: USD 60 per year after a dormant period.
• Currency conversion applies if you trade an instrument in a currency other than your account base.
• Withdrawal fees vary by method.

Trading platforms

MetaTrader 4 and MetaTrader 5

MultiBank offers the full MT4 and MT5 stack to Australian clients. Both platforms run on Windows, macOS via wrapper, web and mobile. Expert advisors are supported.

MultiBank Plus

MultiBank Plus is the broker’s proprietary web platform. It’s pitched as a lighter, browser-based alternative to MetaTrader for traders who don’t need EAs.

MultiBank App

The mobile app supports MT4, MT5 and MultiBank Plus accounts. Biometric login is supported on iOS and Android.

Trust and safety

Trust score: 7.5/10.

Regulation

MEX Australia Pty Ltd holds AFSL 416279 with the Australian Securities and Investments Commission. The licence is in good standing.

At the group level, MultiBank holds:

• BaFin, Germany, Tier 1
• ASIC, Australia, Tier 1
• DFSA, Dubai, Tier 2
• FMA, Austria, EU Tier 1 equivalent
• FSC, Mauritius, Tier 3
• VFSC, Vanuatu, Tier 3 (offshore)

The BaFin Tier-1 licence is a meaningful trust signal.

History and ownership

MultiBank Group was founded in 2005 in California by Naser Taher and is now headquartered in Dubai.

Public reviews

MultiBank carries a TrustPilot score in the mid-to-high 4-star range globally. Australian-specific feedback is thinner than for the larger AU-focused brokers.

Account types and minimum deposit

USD 50 minimum, roughly AUD 75 to 80.

Funding and withdrawals

Deposit methods (AU clients)

Withdrawals

Withdrawals must use the same source as deposits where possible.

Account opening

Account opening is online and AUSTRAC-compliant. Most AU applications are approved within 24 to 48 hours.

Product range

The group markets itself with a “20,000+ instruments” headline. The Australian offering through MEX is narrower.

• Forex: major and minor pairs including AUD crosses
• Indices: ASX 200, plus all major global indices
• Shares CFDs: selected ASX, US and European shares (range narrower than CMC or IG)
• Commodities: gold, silver, oil, gas, plus selected agricultural softs
• Cryptocurrencies: BTC, ETH and a handful of major altcoins as CFDs
• Treasuries / bonds: limited selection

Customer service

24/7 phone, live chat and email. Multilingual support reflecting MultiBank’s global client base. Average live chat response in our testing: under two minutes during peak windows.

Research and education

MultiBank’s research and education stack is functional rather than category-leading.

• Daily market commentary
• Economic calendar
• Webinar series
• Trading guides covering MT4, MT5 and platform basics
• Autochartist integration on selected accounts

How MultiBank Group compares to alternatives

Bottom line

MultiBank Group is a credible mid-tier option for Australian retail traders. The ASIC licence held by MEX Australia is in good standing, the BaFin licence at the group level adds a meaningful Tier-1 trust signal, and the platform offering covers MT4, MT5 and a workable proprietary alternative. The pricing on the ECN account is competitive without being category-leading.

Where MultiBank doesn’t win is the AU-specific story. The Melbourne or Sydney-founded brokers have a deeper local presence. The lowest-cost specialists edge it on raw forex pricing.

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