| Updated: Established in 2005, the MultiBank Group has rapidly become a globally recognized financial derivatives provider, boasting over 17 regulatory licenses and serving two million customers across 100 countries. The trading portfolio of the broker includes more than 20,000 instruments across six major asset classes: forex, metals, shares, indices, commodities, and cryptocurrencies.
Before engaging with this extensive offering, traders must understand the supported account structures and their associated costs. This detailed article provides a comprehensive overview of MultiBank Group’s most popular account types and a breakdown of all relevant trading and non-trading costs.
MultiBank Group Trading Costs
MultiBank Group provides a flexible range of account types, each featuring distinct minimum deposit requirements and pricing structures. For this cost analysis, we will primarily concentrate on the three main accounts, Standard, Pro, and ECN, while also detailing the broker’s Islamic account option. Traders can choose between the zero-commission Standard and Pro accounts, or opt for the ECN account, which provides raw, tighter spreads paired with a commission structure.
Beyond these retail options, MultiBank Group also supports MAM/PAMM accounts for professional money managers and offers all clients a free Demo account with a virtual balance of $50,000 for risk-free practice.
MultiBank Group Standard and Pro Accounts
We can begin our cost analysis of MultiBank Group’s offerings with the Standard and Pro accounts, as they both utilize a commission-free pricing model where all trading costs are factored into the spread. However, these accounts do differ, mainly in terms of minimum deposit requirements and minimum spreads. While the minimum entry barrier for the Standard account is $200, the one for the Pro option is $1,000. This results in more competitive spreads of the latter, which we will examine closely in the tables below.
To accurately calculate the cost of a trade, one must consider the pip value based on the position size. A standard lot (1.0 lot), equal to 100,000 base currency units, has a pip value of $10. For the EUR/USD pair, the Standard Account’s minimum spread of 1.5 pips equates to a cost of $15.00 for a one-way trade (1.5 pips x $10/pip), or $30.00 for a full round-trip trade (opening and closing the position). The Pro Account’s more competitive minimum spread of 0.8 pips results in a cost of $8.00 for a one-way trade and $16.00 for the round-trip trade.
MultiBank Group also supports micro-lot trading, with a minimum order size of 0.01 lot (1,000 base currency units). When trading these micro-lots, the pip value is proportionately reduced to $0.10. Consequently, the cost of the minimum 1.5 pip spread on a 0.01 lot position in the Standard Account is only $0.15 per side, totaling $0.30 for the round-trip trade. The Pro account costs would be $0.8 per side and $1.6 for the round-trip trade.
| Spread Costs for Standard Accounts at MultiBank Group | ||||
|---|---|---|---|---|
| Forex Pair | Spread (in pips) | Commission | Cost per Micro Lot | Cost per Standard Lot |
| EUR/USD | 1.5 | $0 | $0.1500 | $15.00 |
| USD/JPY | 1.5 | $0 | $0.0959 | $9.58 |
| EUR/GBP | 1.7 | $0 | $0.2263 | $22.63 |
| GBP/USD | 1.6 | $0 | $0.1600 | $16.00 |
| AUD/USD | 1.5 | $0 | $0.1500 | $15.00 |
| USD/CAD | 1.6 | $0 | $0.1155 | $11.55 |
| USD/CHF | 1.6 | $0 | $0.1984 | $19.84 |
| USD/CNH | 3.0 | $0 | $0.0424 | $4.24 |
| NZD/USD | 1.6 | $0 | $0.1600 | $16.00 |
*For simplicity purposes, average costs were calculated for $100,000 and $1,000 trades without leverage. All spread costs are listed in US dollars and reflect your expenses upon opening a position (i.e., a single direction of a trade).
| Spread Costs for Pro Accounts at MultiBank Group | ||||
|---|---|---|---|---|
| Forex Pair | Spread (in pips) | Commission | Cost per Micro Lot | Cost per Standard Lot |
| EUR/USD | 0.8 | $0 | $0.0800 | $8.00 |
| USD/JPY | 0.7 | $0 | $0.0447 | $4.47 |
| EUR/GBP | 0.9 | $0 | $0.1198 | $11.98 |
| GBP/USD | 0.8 | $0 | $0.0800 | $8.00 |
| AUD/USD | 0.7 | $0 | $0.0700 | $7.00 |
| USD/CAD | 0.4 | $0 | $0.0288 | $2.88 |
| USD/CHF | 0.8 | $0 | $0.0992 | $9.92 |
| USD/CNH | 2.6 | $0 | $0.0368 | $3.68 |
| NZD/USD | 0.8 | $0 | $0.0800 | $8.00 |
*For simplicity purposes, average costs were calculated for $100,000 and $1,000 trades without leverage. All spread costs are listed in US dollars and reflect your expenses upon opening a position (i.e., a single direction of a trade).
MultiBank Group ECN Forex Trading Costs
As mentioned above, the ECN Pro account is MultiBank Group’s account that features the highest minimum deposit requirement of $10,000. It is best suited for the needs of high-volume traders seeking raw spreads alongside competitive commissions. Average spreads for the highly liquid EUR/USD pair start from 0.1 pips. The broker charges a commission of $3 per lot per side, or $6 per round-trip trade.
To calculate the overall trading expenses, we must add the spread cost to the commission cost. The 0.1 pip spread results in a $1 cost per side and $2 cost for a round-trip trade. When we add the round-trip commission of $6, we obtain a total trading cost of $8.00.
For traders using the micro lot size (0.01 lot or 1,000 units), the commission structure is very favorable: $0.03 per micro lot per side, or $0.06 for the full round trip. This low commission means the total minimum round-trip cost for a micro lot trade is only $0.08 ($0.02 for the spread plus $0.06 for the commission), providing excellent scalability for traders with diverse capital levels.
| Spread Costs for ECN Accounts at MultiBank Group | ||||
|---|---|---|---|---|
| Forex Pair | Spread (in pips) | Commission per Side | Cost per Micro Lot | Cost per Standard Lot |
| EUR/USD | 0.1 | $3.00 / $0.03* | $0.0400 | $4.00 |
| USD/JPY | 0.3 | $3.00 / $0.03 | $0.0491 | $4.91 |
| EUR/GBP | 0.5 | $3.00 / $0.03 | $0.0965 | $9.65 |
| GBP/USD | 0.5 | $3.00 / $0.03 | $0.0800 | $8.00 |
| AUD/USD | 0.4 | $3.00 / $0.03 | $0.0700 | $7.00 |
| USD/CAD | 0.4 | $3.00 / $0.03 | $0.0588 | $5.88 |
| USD/CHF | 0.8 | $3.00 / $0.03 | $0.1292 | $12.92 |
| USD/CNH | 2.6 | $3.00 / $0.03 | $0.0668 | $6.68 |
| NZD/USD | 0.7 | $3.00 / $0.03 | $0.1000 | $10.00 |
*The second value corresponds to the commission charged per micro lot each way. The cost per lot includes the combined spread and commission expenses.
The total cost per standard lot per side for the EUR/USD pair is as follows: $15.00 for the MultiBank Group Standard account, $8.00 for the Pro account, and $4.00 for the ECN account. The data clearly demonstrates that the ECN account offers the lowest total trading cost for the EUR/USD pair, despite having the highest minimum deposit.
MultiBank Group Overnight Funding Costs
Swap rates, also known as rollover rates or overnight financing costs, are the interest amounts that are either paid (credited) or charged (debited) to a trader’s account for holding a position past the end of the trading day. They can be a positive number ( a gain credited to the account or a negative number (a cost deducted from the account). Note that swaps for forex pairs are typically charged at a triple rate on Wednesday nights to account for the weekend, when markets are closed, and interest still accrues.
Swap fees must be fully factored into your overall trading expenses. While seemingly small, these costs can significantly impact the profitability of trades, especially for positions held over multiple days or weeks. The total cost of a trade includes the spread, commission (if applicable), and any overnight swap charges.
The table below represents the MultiBank Group swap rates for the same forex pairs considered above for a USD-denominated account and a standard contract size (1.0 lot/100,000 units). For example, for the EUR/USD pair, the short swap is $4.90 (a gain credited to the account for holding a sell position overnight). The long swap is $-8.44 (a charge debited from the account for holding a buy position overnight).
| Swap Rates on Popular Forex Pairs (standard lot size) | ||||
|---|---|---|---|---|
| Symbol | Base Currency | Volume in Lots | Pair Swap Long, in USD | Pair Swap Short, in USD |
| EUR/USD | USD | 1 | -8.44 | 4.90 |
| USD/JPY | USD | 1 | 7.06 | -18.81 |
| EUR/GBP | USD | 1 | -6.45 | 3.64 |
| GBP/USD | USD | 1 | -1.32 | -1.43 |
| AUD/USD | USD | 1 | -1.27 | -0.28 |
| USD/CAD | USD | 1 | 5.36 | -9.74 |
| USD/CHF | USD | 1 | 7.50 | -10.97 |
| USD/CNH | USD | 1 | 34.35 | -68.02 |
| NZD/USD | USD | 1 | -3.81 | 1.30 |
*Swap rates are indicative and subject to change.
Swap-Free Trading Costs at MultiBank Group
MultiBank Group offers Sharia-compliant swap-free accounts specifically designed for Muslim traders who, due to their religious beliefs, cannot pay or receive interest (Riba) on overnight positions. This type of account is available to clients residing in a specific list of eligible countries, which includes nations with large Muslim populations such as Indonesia, Thailand, Malaysia, and the United Arab Emirates.
It is important to note that the swap-free status is an option offered exclusively on the Standard and Pro account types. It is not available for the ECN account. The financial instruments that are eligible for swap-free trading include precious metals, specific forex majors, crosses, and exotics, as well as certain indices and commodities futures.
For full transparency regarding the exact trading costs, interested customers should consult the broker’s ‘Swap-Free Trading Account Agreement’. This is where traders can find the specific administrative charges per lot and the grace period after which they apply, often referred to as ‘Storage Fees’ by certain MultiBank Group entities.
These charges typically begin from $5.00 and vary across different supported instruments. Since these fees and the applicable grace periods can differ slightly based on the regional MultiBank Group entity regulating the account, traders are strongly advised to check the documents specific to their regional office or contact customer support for the most accurate and up-to-date information.
MultiBank Group Non-Trading Costs
Beyond the primary transaction costs-spreads, commissions, and overnight financing rates- traders must account for any non-trading fees applied by the broker. These typically include charges for funding the account, account maintenance, and auxiliary services like a forex Virtual Private Server (VPS).
MultiBank Group waives several common fees, specifically: account opening fees, deposit fees, and withdrawal fees. The primary charge applied is an inactivity fee of $60 per month, which is incurred if a trading account remains inactive (without any trading activity) for a period exceeding three consecutive months.
Regarding auxiliary services, the broker provides a forex VPS service designed for algorithmic and high-frequency traders. This service is provided free of charge if a trader meets specific deposit and trading volume conditions. If a trader fails to meet these required conditions, a server fee of $50 per month will be applied.
| MultiBank Group Non-Trading Costs at a Glance | |
|---|---|
| Deposit Fees | Free |
| Withdrawal Fees | Free |
| Account Opening Fee | Free |
| Inactivity Fee | $60 per month, charged after three consecutive months of account inactivity |
| Forex VPS | Terms and conditions:
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Closing Thoughts on MultiBank Group Fees
MultiBank Group offers a diversified fee structure across its accounts, rewarding higher minimum deposits with progressively lower trading costs. While commission-free accounts (Standard and Pro) incorporate all charges into the spread, the ECN account provides the tightest raw spreads in exchange for a fixed commission, making it the most cost-efficient option for high-volume traders.
Beyond these primary transaction costs, traders must also consider variable overnight financing rates (swaps), which are waived for qualifying Islamic accounts in exchange for potential administrative fees after a grace period. The broker maintains a favorable policy on non-trading fees, charging nothing for deposits or withdrawals, but does enforce a $60 monthly inactivity fee after three months. Overall, MultiBank Group’s comprehensive pricing model is clear, competitive, and scalable for traders across all capital levels.
