Founded in 2005, MultiBank Group aims to bring regulation and security to the financial sector, creating a reliable trading environment.
In recent years, it has evolved into one of the largest derivative financial institutions, holding more than 12 licenses worldwide, operating from 25 global offices, serving more than 1,000,000 active customers and reaching an average daily trading volume of 12.1 billion dollars.
Since the creation of Bitcoin, an increasing number of digital currencies such as Ethereum, Ripple or Litecoin have been developed, which have gained increasing attention and adoption over the past decade.
Even though the world of currency is constantly expanding and gaining popularity, the traditional financial industry is still reluctant to adopt the use of these digital assets. However, there are also some financial institutions like MultiBank Group that are working to change and drive a new era of innovation and efficiency
.
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Multibank.io
MultiBank Group has launched a crypto exchange platform, known as Multibank.io, that allows users to trade the most popular digital assets, including Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, Polkadot, Chainlink, Litecoin, Stellar, EOS, Cardano, and Ripple.
There’s
no denying that the use of digital currencies has led to changes in consumer behavior and transaction processes. Some of the most significant advantages are faster, cheaper, and more secure transactions compared to traditional methods
.
Not only that, digital currencies are equipped with other innovations in payment systems such as mobile money and blockchain technology, having the potential to revolutionize the way people make transactions.
So, this makes it easier for people to access financial services and participate in the global economy. It allows people living in remote or rural areas, who may not have access to traditional banking services, to easily transfer money to relatives or make payments for goods and services through financial technology such as digital
banking.
Crypto Solutions
With the launch of Multibank.io, MultiBank Group entered the crypto sphere, recognizing the lack of regulations within the digital asset sector, to create an ecosystem and revolutionize the crypto industry by exploiting their established reputation for security and regulations with the legacy they have built in the derivatives sector.
To date, MultiBank has achieved significant achievements, consolidating its position as one of the largest online financial derivatives institutions. With a paid-up capital of more than 322 million dollars, the Group has broken records with exceptional financial performance
.
MultiBank’s footprint has expanded to five continents, acquiring more than 12 regulatory licenses, and has an impressive daily trading volume of 12.1 billion dollars. The team considers itself to be the “most regulated financial broker in the world.”
Why choose Multibank.io?
The most obvious thing that sets the cryptocurrency trading platform apart is that it comes from the MultiBank Group, the forex broker and trading platform that has successfully stamped its authority in the trading world.
As mentioned, MultiBank is heavily regulated by more than 10 financial regulators on 5 continents, including ASIC (Australian Securities and Investments Commission), AUSTRAC (Australian Transaction Reports and Analysis Center), CIMA (the Cayman Islands Monetary Authority), BaFin (the German Federal Financial Supervisory Authority), ESCA (the United Arab Emirates Securities and Commodity Authority), FMA (Financial Markets Authority), FSC (Financial Services Commission), MAS (Monetary Authority of Singapore), TFG (Tianjin Financial Government), VFSC (Vanuatu Financial Services Commission),
among others.
In addition, the MultiBank group has won numerous awards from distinguished media organizations, financial institutions and publications. MultiBank is considered the best Forex trading platform 2011 by Hexun
.
Founder and president Naser Taher was named honorary financial director of the Chinese government in Tianjin and received the Honorary Tianjin Haihe Friendship Award in 2013. He recently won the president of the year 2023 at Le Fonti Awards Dubai.
MultiBank Group is creating a comprehensive financial ecosystem that seamlessly merges traditional derivatives with crypto offerings through its MultibankFX and Multibank.io.
In this, MultibankFX acts as a hub for derivative products including forex, stocks, metals, indices, commodities, and crypto CFDs.
Users can access cutting-edge trading platforms, leverage, and a wide variety of tools, some even at 500:1. Traders can trade more than 55 forex currency pairs, with tight spreads starting from 0.0
pips.
The maximum leverage that users can obtain in its forex market is 500:1, making a difference in the affordability of trading by increasing the purchasing power of traders. The company supports major, minor, and exotic currency pairs, such as AUD/USD, GBP/USD, USD/CAD, JPY/NZD,
or USD/CHF.
In addition, traders can diversify their portfolio on MultiBank Group by trading different metals such as silver and gold with spreads of 2 cents and 1 cent respectively.
Trading tools
Buying and selling company shares on the MultibankFX platform has become easier than ever with more than 20,000 shares of large multinational companies listed on major stock exchanges with low margins of 5%.
It also offers immediate access to major trading indices from around the world with the lowest spreads on the market and a maximum leverage of 100:1.
In addition, you can trade commodities with a swap-free trading account, a low margin on all commodities, and tight spreads with zero commission. State-of-the-art trading platforms, offering revolutionary reliability and stability, include award-winning MT4 and MT5 platforms, a web platform, and social trading platforms.
How to get started
To get started with MultibankFX, you’ll need to create an account by going to MultiBank Group’s official website and then navigating to the Real Account tab available at the top of the landing page. A registration field will appear asking you to enter your personal information, including name, email, address, phone number and unique password, then enter ‘NEXT’
.
The second step will require you to fill in other information such as your country of residence and select a preferred trading currency from USD, AUD, GBP, EUR, CAD and CHF. You’ll also need to select the expected investment amount in USD from the option and upload a document for identification.
There are multiple account types to meet different needs based on traders’ preferences, including Standard, Pro, ECN, Demo, and Islamic accounts.
On the other hand, Multibank.io is a pioneer of the Crypto Spot Exchange, with the intention of introducing the Futures Exchange along with copy trading and tournaments in the future.
The platform is also being licensed under Virtual Assets Regulatory Authority (VARA), which is responsible for regulating and overseeing the supply, use and exchange of virtual assets in and from the Emirate of Dubai.
MultiBank Group’s USP lies in its extensive regulation, high financial leverage, and commitment to transparency and user security, ensuring that customers can venture into the crypto space with confidence.
Social trading and more
The social trading feature allows traders to invest smartly as traders can copy the trading strategy of a profitable, consistent, and active trader.
Cryptocurrency newbies can imitate the trades of skilled traders, learn how to trade, and benefit from their success. Meanwhile, experienced traders earn additional income by having followers on their platform, who replicate their trading strategy
.
Currently, because the cryptocurrency exchange is relatively new, the team is using an SSO perspective for MultibankFX customers to easily switch from MultibankFX to Multibank.io using the same credentials, including an element of compliance.
Conclusion
Multibank.io is MultiBank’s first foray into cryptocurrency and blockchain for the future of finance. Even though there are questions about security for digital currency investors, the platform solves some of these issues as its parent entity is closely supervised by financial regulators around the world in various
jurisdictions.
