Mexgroup (Multibank Exchange Group) was launched way back in 2005. With more than a decade’s worth of experience under their belt, MultiBank Exchange Group have grown into one of the world’s largest providers of financial derivatives. The operation is licensed and regulated on 5 continents, and it boasts paid-up capital of more than $300 million. The value of the company is set to rise in the future, as several ambitious expansion plans are put into practice.
The brokerage is obviously capable of offering top-notch liquidity, technologically advanced trading platforms and ECN execution, coupled with some of the tightest spreads in the industry and superb leverage.
The popularity of the operation is living proof of its success: maintaining offices in several locations worldwide, MultiBank Exchange Group’s services cover some 90 countries and over 280,000 clients – retail and institutional. In 2016, the brokerage registered a turnover of $4.3 billion, over its Forex and financial derivatives products.
MultiBank Exchange Group is present with physical offices in Hong Kong, USA, Australia, Germany, Spain, UAE, China (Beijing, Tianjin, Hangzhou, Shenzhen), Vietnam, Cyprus, the British Virgin Islands and the Cayman Islands.
The MultiBank Exchange Group website (mexgroup.com) sports a global Alexa rank of 5,581.
Given the high profile of the operation, it comes as no surprise that MultiBank Exchange Group’s trophy case is laden with various awards. One such award is the Most Admired Company of the year, picked up in 2017. The Financial Derivatives Broker of the Year award also landed in the company’s possession in 2017, as did the 2017 CEO of the Year for Financial Services in Europe and Asia.
The founder and current chairman of the operation is Naser Taher, who has racked up experience at some of the world’s most prestigious financial institutions, like BNP Paribas, Citibank, UBS, Barclay’s and Credit Suisse. Other people on the MultiBank Exchange Group board are Jacob Nel, Yahya Taher, Courtney Fitzimmons and Sophia Barnes.
MultiBank Exchange Group Regulation
Boasting worldwide regulation, MultiBank Exchange Group is indeed licensed by some of the world’s top financial regulatory agencies. The brokerage has licenses from Australia’s ASIC – one of the strictest regulators out there, Germany’s BaFIN, the Monetary Authority of the Cayman Islands and the BVI’s FSC. It is indeed safe to say that the regulatory profile of the operation is one of the most impressive in the industry.
Why Should You Trade at MultiBank Exchange Group?
Besides the solid regulatory profile and superb asset-selection, MultiBank Exchange Group offers its clients unparalleled funds-security. Traders’ monies are kept in segregated accounts, with some of the world’s top banks. Traders, who have accounts with Mex Europe Ltd, can have their deposits protected by the FSCS’ Funds Protection Program. Custodial Accounts and trading lines are available as well.
The platform selection of the brokerage is focused on the award-winning MT4, which means that traders will gain access to cutting-edge charting and analysis tools. The spreads on the various tradable assets start from 0 pips. The site features no restrictions on trading, and there’s negative balance-protection provided. The trading desk is fully automated, to prevent conflicts of interest, and the maximum available leverage is 1:500. There is allegedly no price slippage, no re-quotes, no rejections, and free MAM, PAMM and VPS accounts are provided. The VPS feature is indeed a must for traders, as it allows them to take full advantage of MT4’s EAs.
The site offers a superb partnership program for introducing brokers, which features high commissions and superb rebate rates for IBs.
MultiBank Exchange Group’s Products
MultiBank Exchange Group’s selection of financial products is truly outstanding: it covers more than 2,000 Forex products and some 4,300 stocks. 73 indices are also tradable, together with 30 bonds and no fewer than 3,120 CFDs.
The Forex section offers 55 currency pairs and it features a maximum leverage of 1:500. There are no restrictions whatsoever on the use of EAs or on scalping. Trade execution is stable and lightning-quick around the clock, and on all majors, the spreads are extremely tight, starting from 0 pips. Forex traders can make use of the free MAM, PAMM and VPS accounts.
In the Metals section, the maximum available leverage is a little smaller, at 1:250. Execution is just as stable and quick here as it is with Forex, and the spreads are competitive too. They average 25 cents on Gold. Several spreads are offered, depending on the trading platforms used. On the Pure ECN Pro platform, the (floating) spreads are 3 pips on the XAG/USD and 7.9 pips on the XAU/USD. By contrast, the Turbo Meta MT4 spreads are fixed, and they are 6 pips on the XAG/USD, and 30 pips on the XAU/USD.
The Indices section covers some 72 worldwide indices, featuring competitive spreads and low margin requirements.
The commodities section features more than 100 tradable assets, once again with allegedly low commissions and tight spreads.
MultiBank Exchange Group Platforms
The trading platforms offered by MultiBank Exchange Group cover an impressive range. The most interesting entry in this category is probably the Multibank Exchange Platform, which combines the advantages of a number of other platforms, to deliver the best possible prices. ECNs, Banks and Exchanges are all included in this sort of mix and the resulting prices are indeed some of the best the industry has to offer.
The Pure ECN Pro account is an MT4 trading account, which gives premium traders the chance to use scalping techniques and EAs. The spreads are indeed very attractive on these accounts: for the EUR/USD pair, the raw spread is in the 0.2-0.3 pips range.
The Multibank MT4 account also allows the use of EAs, and premium traders can resort to scalping too. The spreads available through this account are slightly higher: 0.7 pips on the EUR/USD.
With the Maximus MT4 Account, the spread runs away a little: on the EUR/USD, this account-type features an average of 1.4 pips. EAs and scalping are available, as is instant execution.
With Turbo Meta MT4, the spread keeps going up. On the EUR/USD, we have a fixed spread of 2 pips with this account.
In addition to all the above, MultiBank Exchange Group feature the MT5 platform as well. A successor of the MT4, MT5 offers slightly better functionality when it comes to the coding of custom technical indicators and EAs. All the above mentioned asset classes are tradable with MT5.
Last but not least, we have the MultiBank Exchange Group mobile platforms, which cover all iOS- and Android-based mobile devices. The MultiBank Exchange Group site features a handy platform-comparison page too, which helps traders pick the type that suits their trading style/budget the best.
MultiBank Exchange Group Partnership Offer
MultiBank Exchange Group’s IB (Introducing Broker) feature is quite probably the best in the business. Through this scheme, IBs benefit from industry-best commissions, customized account-opening apps, superb rebates and access to a wide range of trading tools, instruments and accounts, including MAM and PAMM accounts.
In 2016, the brokerage added a Franchise option as well, through which, partners are essentially allowed to tap into the MultiBank Exchange Group brand and business. Franchise partners are offered a series of exclusive benefits.
The White Label scheme is dedicated to institutional partners, who can set up their own independent brokerage through it, complete with their own branding and proprietary trading system.
By every measure, MultiBank Exchange Group is an online trading industry heavyweight. It features superb trading conditions, outstanding trading platforms and an unparalleled regulatory profile. It offers a $100,000 Demo Account too.