FxPro's website
MultiBank Group in India — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%80
- Round-turn cost20%100
- Safety20%0
- Payouts15%60
- Track record10%no data
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Indian clients served via offshore entity (BVI FSC / Vanuatu VFSC); no local Indian entity.
- Founded
- 2005
- Retail leverage
- 500IN
- Round turn
- 3 USDIN
- Currencies
- USD default; no INR verified at review.
- Swap-free account
- yes
Licence check
Open an account with MultiBank GroupThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Indian clients served via offshore entity (BVI FSC / Vanuatu VFSC); no local Indian entity.
- Local standing
- Offshore; not SEBI/RBI regulated. Leveraged FX/CFD with offshore brokers is a restricted grey area under RBI/FEMA; no specific SEBI alert on MultiBank verified.
- Licence as the register states it
- No SEBI registration; not locally authorised.
- Leverage for this entity
- Up to 1:500 (offshore).
- The firm behind it
- Founded 2005, Dubai-HQ; 2M+ clients; paid-up capital $322M+.
- What we hold against it
- Offshore access to India legally grey; EU alerts (CNMV/AMF/CONSOB); WikiFX low score; withdrawal complaints.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore; not SEBI/RBI regulated. Leveraged FX/CFD with offshore brokers is a restricted grey area under RBI/FEMA; no specific SEBI alert on MultiBank verified.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Standard (min $50), Pro ($1, 000), ECN ($10, 000). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where MultiBank Group sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 3 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 50 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:500 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (5 methods · 0 local rails)
Cards, wire, Skrill/Neteller, crypto;
- Cards
- Wire
- Skrill
- Neteller
- Crypto
- Account currency
- USD default; no INR verified at review.
- Fee declared
- 5 of 5 methods
- Withdrawal back to
- the funding method
Where it does not serve(6 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- MT4
- MT5
- MultiBank Plus
Identical for every row: Min spread 1.5 · Leverage 500 IN.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.6 | 5, 1,510 |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(4 for and 5 against, each tied to a figure on this page)
- Round turn 3 USD on the raw + commission basis, under the India median 7
- Swap-free account available
- Round-turn cost 100 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, MultiBank Plus
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- Min deposit 50 USD, over the India median 15
- The published 1:500 comes from the group's offshore entity, not from the India one
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 4IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 2000IN
- Rank in this country
- #48
- Round turn, USD
- 3.1IN
- Min deposit, USD
- 1 groupIN
- Leverage
- 2000IN
- Rank in this country
- #43
- Round turn, USD
- 3IN
- Min deposit, USD
- 50IN
- Leverage
- 1000IN
- Rank in this country
- #28
- Round turn, USD
- 3.5IN
- Min deposit, USD
- 5IN
- Leverage
- 1000IN
- Rank in this country
- #31
- Round turn, USD
- 3IN
- Min deposit, USD
- 1 groupIN
- Leverage
- 500IN
- Rank in this country
- #33
- Round turn, USD
- 4IN
- Rank in this country
- #4
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | MultiBank Group |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 80 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 100 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 60 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does MultiBank Group accept residents of India?
- No. Offshore; not SEBI/RBI regulated. Leveraged FX/CFD with offshore brokers is a restricted grey area under RBI/FEMA; no specific SEBI alert on MultiBank verified. Onboarding entity: Indian clients served via offshore entity (BVI FSC / Vanuatu VFSC); no local Indian entity.
- Is MultiBank Group licensed to serve clients in India?
- No SEBI registration; not locally authorised. Checked on 09.07.2026.
- How much does one round turn cost at MultiBank Group?
- About 3.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- What leverage does MultiBank Group offer to retail clients in India?
- Up to 1:500. Up to 1:500 (offshore).
- Which trading platforms does MultiBank Group support?
- MT4, MT5, MultiBank Plus. Instruments: FX, metals, indices, shares, commodities, crypto CFDs.
- How can I withdraw money from MultiBank Group in India?
- Cards, wire, Skrill/Neteller, crypto; local INR/UPI rails not verified at review.
- What account types does MultiBank Group offer?
- Standard (min $50), Pro ($1,000), ECN ($10,000).
- Does MultiBank Group offer a swap-free (Islamic) account?
- Yes. MultiBank Group offers a swap-free (Islamic) account to India residents.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.