MultiBank Group Review 2026
The full MultiBank Group write-up for Australia traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Australia
| Regulator | ASIC ASIC, Australian Securities and Investments Commission (ASIC) |
| Licence Number | 416010 |
| Regulated Entity | MultiBank Australia Pty Ltd |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $50 |
| EUR/USD Spread | From 0.0 pips (ECN/Raw) |
| Instruments | 20,000+ |
| Platforms | MT4, MT5, MultiBank App |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
| Verify on ASIC register → | 416010 |
Verdict
Cooks under ASIC (licence 416010). Cover charge $50. In Australia, forex leverage is capped at 1:30.
About MultiBank Group
MultiBank Group opened its doors in 2005 out of a kitchen in Dubai, UAE. Its menu runs to 20,000 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by MultiBank Australia Pty Ltd under ASIC.
In Australia, MultiBank Group serves as MultiBank Australia Pty Ltd, cleared by ASIC under licence number 416010. Under ASIC house rules, Australia traders are poured no more than 1:30 leverage on forex pairs.
Trading Platforms
Pros
- ASIC regulated, licence 416010
- 20,000+ instruments to trade
- Negative balance protection in Australia
- Platforms: MT4, MT5, MultiBank App
- Founded in 2005 (21 years operating)
- 20,000+ instruments, one of the widest menus reviewed
Cons
- No inactivity fee
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Frequently Asked Questions
Is MultiBank Group regulated?
Yes. MultiBank Group is authorised by ASIC, issued to the entity MultiBank Australia Pty Ltd, an authorisation you can look up for yourself on the official ASIC public register.
What is the minimum deposit for MultiBank Group in Australia?
The cover charge is $50, the smallest amount Australia traders need to open a live account with MultiBank Group under ASIC rules.
What leverage does MultiBank Group offer in Australia?
In Australia, ASIC rules cap MultiBank Group at 1:30 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is MultiBank Group safe to trade with?
The kitchen passes inspection: MultiBank Group cooks under ASIC. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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