MultiBank

MultiBank broker is one of the long-established names in international financial markets, offering forex and CFD trading services since 2005, and Teagle's data lists its country as Hong Kong. MultiBank is known for holding several regulatory licenses and for its focus on interbank liquidity and fast trade execution, but it does not officially serve residents of Iran. In this overview, we review MultiBank based on Teagle's data.

What kind of broker is MultiBank?

MultiBank (MultiBank Group), with about 21 years of history, has an international structure and offers trading in currencies, metals, indices, stocks, commodities and digital assets on MetaTrader 4, MetaTrader 5 and WebTrader. Instant verification, deposit insurance, an ECN account, scalping and hedging, and news trading are listed in Teagle's tags for this broker. Teagle's expert places it among well-known forex brokers because of its track record, range of assets and reputable regulators.

MultiBank broker licenses and credibility

Teagle's license list shows six active licenses for MultiBank:

• BaFin Germany (No. HRB 73406);
• ASIC Australia (No. 416279);
• CySEC Cyprus (No. 430/23);
• CIMA Cayman Islands (No. 1811316);
• FSC British Virgin Islands (No. SIBA/L/14/1068), offshore;
• VFSC Vanuatu (No. 700443), offshore and in the weak regulatory tier.

This mix shows that MultiBank Group holds both top-tier licenses (BaFin, ASIC and CySEC) and offshore licenses. According to the FAQ, the level of legal protection depends on the entity providing the service and the client's country of residence, and holding a reputable license does not mean equal coverage for everyone. Teagle's expert also lists "the complexity of the regulatory structure and differing conditions by branch" as a drawback. For a better understanding, read the guide to broker regulation tiers and the article on the difference between offshore and onshore brokers .

Does MultiBank serve Iranians?

According to Teagle's expert assessment, MultiBank does not officially serve residents of Iran, which can bring serious risks such as account restrictions, verification problems and difficulty accessing funds. It also has no Persian website or support. For this reason, despite its technical quality and global standing, using this broker is not recommended for traders residing in Iran.

MultiBank trading accounts

In Teagle's table, MultiBank has three accounts with floating spreads; all have zero commission, maximum leverage of 1:500, a 100% margin call and a 50% stop-out, with no requotes:

• Standard account: minimum deposit of $50 and spreads from 1.5 pips; for beginner traders.
• PRO account: minimum deposit of $1,000 and spreads from 0.8 pips; for active traders.
• ECN account: minimum deposit of $10,000 and spreads from zero; for experienced traders with large capital.

In the accounts table, the Islamic account option is not listed as active for any account, and according to the FAQ, swap-free accounts are offered only in certain countries and under specific conditions. The $10,000 minimum deposit of the ECN account is also high for retail traders. To gauge the real cost of each account, see what spread means in forex and the comparison of ECN accounts with other accounts .

MultiBank platforms and services

MetaTrader 4 and 5 are available on Windows, Android, iOS and WebTrader. MultiBank's additional services are extensive: copy trading, social trading, PAMM, expert advisors and bots, virtual private server (VPS), trading API, IB program, education, economic calendar and calculators. Bonuses, cashback and rebates are also offered, and active bonuses are updated on the broker bonuses page .

Deposits and withdrawals at MultiBank

Payment methods include bank transfer, e-wallets such as Neteller and Skrill, cryptocurrencies and credit cards, and Perfect Money is also listed in the general specifications. The minimum deposit and withdrawal for all methods is $50, and the broker charges no fees for deposits or withdrawals; for crypto, only the network fee applies. Withdrawals via e-wallets and cards are instant, while bank transfers take 1 to 3 business days. No Rial payment method is listed in Teagle's data.

MultiBank's rating and risk on Teagle

MultiBank's final rating on Teagle is 2.58 out of 5, derived from only two sources: WikiFX 2.65 and Teagle's expert 2.5; Teagle user ratings have not been recorded yet. The Teagle Eye risk index for this broker is 26 out of 100, in the "low to medium risk" category, resulting from six active licenses and a 21-year track record. You can also see its position in the low-commission broker rankings ; however, this index does not mean Iranians can trade with it.

Pros and cons of MultiBank broker

• Pro: operating since 2005 with BaFin, ASIC and CySEC licenses
• Pro: a wide range of trading instruments and additional services such as API and VPS
• Pro: commission-free trading on all accounts
• Con: no official services for residents of Iran and no Persian support
• Con: high minimum capital for the ECN account
• Con: complex regulatory structure and differing conditions by branch

Who is MultiBank suitable for?

In the view of Teagle's expert, MultiBank suits professional traders who need a wide range of symbols, an ECN account and strong trading infrastructure, and who prioritize global credibility and multiple oversight. Beginners with limited capital who want Persian support, and especially residents of Iran, are better off choosing another option. For comparison, weigh MultiBank against another international broker in the MultiBank vs Pepperstone comparison .

Conclusion

In terms of track record and licensing, MultiBank ranks among reputable global brokers, but it offers no official route for users residing in Iran. Iranian traders are better off choosing a broker that provides services transparently and has a clear deposit and withdrawal path. In any case, start with a small amount, make a test withdrawal and follow the investment risk warnings .