United Arab EmiratesRegulationASIC, BaFin, CySEC, MAS, CIMA, DFSA
Min. deposit$50
Leverage1:1 – 1:500
PlatformsMT4, MT5, propia
InstrumentsForex & CFDs
Founded2005
🏛️ Which entity will open your account?
📍 Pick your country above and we'll tell you exactly which entity opens your account at MultiBank.
How is this decided and how do I verify it? →Regulation by region
The entity you sign with — and your protection — changes depending on where you live.
United Kingdom
No FCA
No own FCA entity; UK clients fall under EU or offshoreEuropean Union
CySEC + ICFSTP
MEX Europe Ltd (430/23) + CNMV Spain branch — ICF up to €20,000United States
Not served
No NFA/CFTC registrationAustralia
ASIC regulatedMarket maker
Mex Australia Pty Ltd (AFSL 416279) — tier-1, no compensation schemeRest of the world
Cayman/BVI/Vanuatu (offshore)STP
Offshore entities with no compensation scheme; CIMA with private Lloyd's US$1M insuranceAll licenses
Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).
Account types
Standardmin ~$50, no commission, wider spread
Promin ~$1,000, tighter spreads
ECNmin ~$10,000, from 0.0 + commission
Pros
—
Cons
✗Withdrawal complaints / confiscation
✗Outside your region, offshore entity
✗Very high leverage (more risk)
Breakdown by axis
The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.
Regulation: Tier-1 + offshore14/22 pts
Why: ASIC 416279 + CySEC 430/23 + BaFin + MAS (genuine tier-1); the rest of the world's retail via MEX Atlantic (Cayman) = offshore 1:500
Withdrawals / payments: Delays / complaints4/20 pts
Why: WikiFX 727 complaints (Sep 2025), withdrawals the top issue: profitable traders frozen, 'bonus abuse' pretext, withdrawal function disabled; suspected exit-scam with the MBG token
Fund safety: Segregated (no compensation)8/15 pts
Why: segregated; ICF EUR20k EU only; offshore with private Lloyd's insurance $1M (non-statutory)
Transparency: With caveats5/10 pts
Why: the MBG token (Jul 2025) coincided with the peak of withdrawal complaints + suspected exit-scam (unproven)
Reputation: Mixed5/10 pts
Why: founded 2005, 2M+ clients; Trustpilot ~4.7 (solicited) which CONTRASTS with 727 WikiFX complaints
Costs: Average4/8 pts
Why: Standard EURUSD ~1.5 pip; ECN 0.0 but $10,000 min
Flags detected
🚩[withdrawals] delays -> WikiFX 727 complaints (Sep 2025), withdrawals the top issue: profitable traders frozen, 'bonus abuse' pretext, withdrawal function disabled; suspected exit-scam with the MBG token
Sources
Don't take our word for it — check it yourself. These are the official registries and legal pages we relied on.
🔗 ASIC AFS Register — Mex Australia (AFSL 416279)🔗 MultiBank Group — regulations🔗 MBG buyback & burn 4.86M tokens (H1 2025)Trader reviews
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