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Rating
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Benchmark
A
Market Making(MM)
ASIC Regulated
Retail Forex License
FSC Offshore Regulatory
Common Financial Service License
BaFin Exceeded
Company Name:
MultiBank FX International CorporationCompany Abbreviation:
MBG MarketsPlace of registration:
The Virgin Islands
Regulatory Status:
RegulatedCustomer Service Email Address:
service@mbgmarkets.comCustomer Service Phone Number:
--Company summary
MultiBank Group was established in California, the USA, in 2005. Since its establishment 15 years ago, the group has rapidly developed into one of the world's large financial institutions, with a paid-in capital of more than 322 million US dollars. With top-level liquidity, advanced trading technology, and first-class customer service, MultiBank Group provides high-speed and stable trading platforms and low-spread quotations for more than 320,000 retail and institutional investors in more than 90 countries around the world. Trading products include forex, commodities, indices, and precious metals. The daily trading volume of the group in forex and financial derivatives exceeds 6.2 billion US dollars. At present, the company holds a full license issued by the Australian Securities and Investments Commission (ASIC), as well as a retail forex license issued by the Virgin Islands Financial Services Commission (FSC) and a general financial license issued by the German Federal Monetary Authority (BaFIN). It also ac About MoreWikiFX Risk Alerts
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The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.
Current Status:
RegulatedLicense Type:
Market Making(MM)Regulated in Country/Area
Australia
Regulatory License No.：
416279Email Address of Licensed Institution :
c.fitzsimmons@mexexchange.comLicense Type:
Regulatory SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
MEX AUSTRALIA PTY LTD, 'Mlc Centre' Suite 03 Level 61, 19-29 Martin Place SYDNEY NSW 2000Phone Number of Licensed Institution :
0291954001Licensed Institution Certified Documents :
416279 ASIC牌照信息190131 View Certified Documents FOS.JPG View Certified Documents 416279 AFCA牌照信息190131 View Certified Documents MEX asic20201012更新 View Certified Documents
The enactment of the Financial Services Commission Act in December 2001 established the British Virgin Islands Financial Services Commission (FSC) as an autonomous regulatory authority responsible for the permission, regulation, supervision of all financial services in and from within the BVI, which includes insurance, banking, fiduciary services, trustee business, company management, investment business, and insolvency services, as well as the registration of companies, limited partnerships and intellectual property. Since 2002, FSC assumed the responsibility for functions previously carried out by the Government through the Financial Services Department. FSC, as financial services regulator, is also responsible for promoting public understanding of the financial system and its products, policing the perimeter of regulated activity, reducing financial crime, and preventing market abuse.
Current Status:
Offshore RegulatoryLicense Type:
Retail Forex LicenseRegulated in Country/Area
The Virgin Islands
Regulatory License No.：
SIBA/L/14/1068Email Address of Licensed Institution :
--License Type:
Regulatory SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
--Phone Number of Licensed Institution :
--Licensed Institution Certified Documents :
SIBAL141068 牌照信息190131 View Certified Documents MBG Markets FSC监管 2020.06.10 View Certified Documents
Prior to 2002, in Germany the regulation of the financial industry was undertaken by three separate agencies. In May 2002 BaFin was formed, following the passing of the Financial Services and Integration Act. The aim of the Act and the merging of the three agencies was to create one integrated financial regulator that would be able to cover all financial markets. The agencies that merged together were the Federal Banking Supervisory Office, the Federal Supervisory Office for Securities Trading, and the Federal Insurance Supervisory Office.BaFin was given further responsibility following the passing of the Banking Act in 2003 with the aim of increasing customer protection and improving the reputation of the German financial system. The extra powers included monitoring the credit-worthiness of financial institutions and collecting detailed information about them. This particular area of responsibility was shared with the Bundesbank. Currently, BaFin is experiencing a kind of transition, as the responsibility for banking supervision is being taken over by the European Central Bank.
Current Status:
ExceededLicense Type:
Common Financial Service LicenseRegulated in Country/Area
Germany
Regulatory License No.：
119375Email Address of Licensed Institution :
--License Type:
Regulatory SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
Mergenthalerallee 10 - 12 65760 Eschborn, Taunus DeutschlandPhone Number of Licensed Institution :
--Licensed Institution Certified Documents :
119365 View Certified Documents
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Basic Information & Regulators of MBG Markets
MultiBank Group was established in California, the USA, in 2005. Since its establishment 15 years ago, the group has rapidly developed into one of the world's large financial institutions, with a paid-in capital of more than 322 million US dollars. With top-level liquidity, advanced trading technology, and first-class customer service, MultiBank Group provides high-speed and stable trading platforms and low-spread quotations for more than 320,000 retail and institutional investors in more than 90 countries around the world. Trading products include forex, commodities, indices, and precious metals. The daily trading volume of the group in forex and financial derivatives exceeds 6.2 billion US dollars. At present, the company holds a full license issued by the Australian Securities and Investments Commission (ASIC), as well as a retail forex license issued by the Virgin Islands Financial Services Commission (FSC) and a general financial license issued by the German Federal Monetary Authority (BaFIN). It also accepts the UAE Supervision by Dubai Financial Services Authority (DFSA), Cayman Islands Monetary Authority (CIMA), Spanish National Securities Market Commission (CNMV), and Austrian Financial Market Supervisory Authority (FMA).
Safety Analysis
MultiBank Group attaches great importance to the security of clients' funds and strictly implements relevant regulatory regulations and industry norms. Many branches of the group are subject to financial supervision all over the world.
Market Instruments
The company can trade mainstream and popular financial instruments in the global financial market, including forex, indices, stocks, and precious metals (gold & silver).
Leverage & Account of MBG Markets
To meet investors' different investment needs and investment strategies, the company has set up Professional accounts and ECN accounts. The minimum deposit for both accounts is $500. The default leverage for professional accounts is 1:200, and the adjustable trading leverage is 1:50. The default leverage for ECN accounts is 1:200, and the adjustable trading leverage is 1:50.
Spreads & Commission Fees of MBG Markets
The main spreads for professional accounts are 2 pips for EUR/USD, 2.7 pips for AUD/USD, 2 pips for GBPUSD, 0.35 US dollars for gold, 0.035 US dollars for silver, 0.03 US dollars for crude oil, and 0.5 euros for CFD on the German DAX30 index. The main spreads of the ECN account are 0.1 pips for EUR/USD, 0.2 pips for AUD/USD, 0.1 pips for BGP/USD, 0.12 for Gold/USD, 0.016 for Silver/USD, and 0.014 for crude oil. Each trade (unilateral) charges a commission of 3.5 U.S. dollars.
Trading Platform Applied of MBG Markets
The company provides traders with the most popular MT4&MT5 trading platforms. Apart from flexible order trading functions, MT4 software also provides functions such as market quotation, chart analysis, indicator programming, alert alarms, news, and email communication. MBG Markets also provides MetaTrader 4 (MT4) mobile trading platform, which can support iOS and Android mobile systems. MT5 software is an updated and more advanced version of MT4, which can provide brand new operating functions to enhance the customer's trading experience. In addition to the various functions offered by MT4, there are also improved trading functions and enhancements for custom indicators and expert advisors' script tool.
Deposit & Withdrawal
Deposit methods include wire transfer, VISA/MASTERCARD credit card, bank card, and Skrill e-wallet. There is no handling fee for wire transfer, and it takes 1-5 working days to arrive in accounts. The other three ways of depositing are free of charge, and the time to arrive is one working day. If the user chooses Visa and MasterCard credit cards, bank cards, and Skrill, the withdrawal may be carried out by wire transfer. Depending on the bank, the intermediary bank may charge a transfer fee of 5 to 20 US dollars. Due to the difference in the bank time's remittance process, the funds generally arrives at the bank designated by the user within 1-5 working days.
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