The MultiBank minimum deposit requirement for the Standard account is $50, for the Pro account $1,000, and for the ECN account $10,000.

The MultiBank Minimum Deposit Overview

MinimumDeposit
MultiBank
Axi
InstaForex
Tickmill
Admirals
Commission-Free
$50
$0
$1
$100
$100
Commission-Based
N/A
$0
$1
$100
$100

The Pros & Cons of the MultiBank Minimum Deposit

Traders should evaluate the pros and cons of the MultiBank minimum deposit.

The pros of the MultiBank minimum deposits are:

  • MultiBank is a broker-bank with $322M+ in paid-up capital
  • 11+ regulators globally
  • Segregation of client deposits
  • Founded in 2005
  • No internal deposit fees
  • Instant processing times
  • Choice of payment processors, including cryptocurrencies

The cons of the MultiBank minimum deposits are:

How to Make a Deposit

The MultiBank minimum deposit is $50, but realistically it is insufficient to trade effectively, and traders should consider depositing more. The Pro account requires $1,000, and the ECN alternative $10,000.

Here is how to deposit with MultiBank:

  • Log into your MyMultiBank account area with your username and password
  • Click “Funds” in the left-hand menu.
  • Click “Deposits”
  • Choose the preferred payment processor
  • Select your trading account
  • Enter your desired deposit amount
  • Click “Next”
  • Follow the on-screen instructions

MultiBank Deposit Fees and Deposit Methods

MultiBank does not charge internal deposit fees.

MultiBank deposit methods, internal processing times, and known transaction limitations:

Deposit Method
Processing Time
Deposit Currencies
Minimum Single Deposit
Maximum Single Deposit
WithdrawalOption
Bank wires, including localized options for core markets
Up to five days
USD, GBP, EUR, CHF, AUD, NZD, CAD
$50
Unlimited
Yes
Credit/debit cards
Up to five days
USD, GBP, EUR, CHF, AUD, NZD, CAD
$50
Undisclosed
Yes
Cryptocurrencies
Instant
BTC, USDT ERC20, USDT TRC20
$50
Undisclosed
Yes
Neteller
Instant
Undisclosed
$50
Undisclosed
Yes
Skrill
Instant
Undisclosed
$50
Undisclosed
Yes
Pagsmile
Instant
Undisclosed
$50
Undisclosed
Yes
Myfatoorah
Instant
Undisclosed
$50
Undisclosed
Yes
PlusWallets
Instant
Undisclosed
$50
Undisclosed
Yes
Thai QR Payment
Instant
Undisclosed
$50
Undisclosed
Yes
PayTrust
Instant
Undisclosed
$50
Undisclosed
Yes
Pay Retailers
Instant
Undisclosed
$50
Undisclosed
Yes
KoraPay
Instant
Undisclosed
$50
Undisclosed
Yes
PaymentAsia
Instant
Undisclosed
$50
Undisclosed
Yes
Boleto
Instant
Undisclosed
$50
Undisclosed
Yes
PIX
Instant
Undisclosed
$50
Undisclosed
Yes
SPE
Instant
Undisclosed
$50
Undisclosed
Yes
Praxis
Instant
Undisclosed
$50
Undisclosed
Yes
GCash
Instant
Undisclosed
$50
Undisclosed
Yes
Dragonpay
Instant
Undisclosed
$50
Undisclosed
Yes
GlobePay
Instant
Undisclosed
$50
Undisclosed
Yes

Noteworthy:

  • The MultiBank deposit screen lists all available payment methods, as geographic restrictions apply.

MultiBank deposit methods vs. similar brokers

DepositMethods
MultiBank
Axi
InstaForex
Tickmill
Admirals
Bank wires
Yes
Yes
Yes
Yes
Yes
Credit/debitcards
Yes
Yes
Yes
Yes
Yes
Skrill
Yes
Yes
Yes
Yes
Yes
WebMoney
No
No
Yes
Yes
No
ChinaUnionPay
No
Yes
No
Yes
No
PerfectMoney
No
No
Yes
No
No
Othere-wallets
Yes
Yes
Yes
Yes
Yes
LocalizedMethods
Yes
Yes
Yes
No
No
Crypto-currencies
Yes
Yes
Yes
No
No

MultiBank Deposit Currencies

Traders must differentiate between account ‘base’ currency and deposit currencies to avoid confusion and potential conversion fees. The former is the currency used as the value of a trading account, and the latter are currencies available for deposits through payment processors. MultiBank fails to disclose potential internal currency conversion fees.

MultiBank supports the following account base currencies:

  • US Dollar
  • British Pound
  • Euro
  • Swiss Franc
  • Australian Dollar
  • New Zealand Dollar
  • Canadian Dollar

MultiBank supports the following deposit currencies:

  • MultiBank does not provide a list of supported deposit currencies
  • As a bank, it is likely to accept all major fiat currencies
  • Payment processors determine available deposit currencies

MultiBank trading account currencies vs. similar brokers

AccountCurrencies
MultiBank
Axi
InstaForex
Tickmill
Admirals
US Dollar
Yes
Yes
Yes
Yes
Yes
Euro
Yes
Yes
Yes
Yes
Yes
British Pound
Yes
Yes
No
Yes
Yes
Swiss Franc
Yes
Yes
No
No
Yes
AustralianDollar
Yes
Yes
No
No
No
Others
Yes
Yes
Yes
No
Yes
Total
7
10
3
3
10

Steps for Sending the MultiBank Minimum Deposit

The secure MyMultiBank account area manages the MultiBank minimum deposit, which functions in a similar way to other online banking systems.

Here is a step-by-step guide to sending your MultiBank minimum deposit:

  1. Log into the MyMultiBank account area, click “Funds,” and then “Deposits.”
  2. Choose your desired payment processor and trading account, enter your deposit amount, click “Next,” and follow the on-screen instructions.
  3. MultiBank notifies clients once it credits the deposit amount to the trading account.

MultiBank Minimum Deposit Bottom Line

The MultiBank minimum deposit is $50 for the Standard account, but traders should consider $1,000 for Pro or $10,000 for ECN, as trading fees are notably lower. Only verified accounts can make the MultiBank minimum deposit, and the name on the payment processor must match that of the MultiBank account.

For further information about MultiBank, you may read our MultiBank broker review.

FAQs

What is the maximum leverage for MultiBank?

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The maximum MultiBank leverage is 1:500.

Is MultiBank FX regulated?

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Yes, MultiBank operates under the oversight of 11+ global regulators.

How much does MultiBank charge for withdrawal?

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MultiBank does not charge withdrawal fees, but traders may face third-party processing costs or currency conversion fees.

How do I fund MultiBank FX?

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Traders must open a MultiBank account before making the MultiBank minimum deposit. MultiBank supports 20+ payment processors, including localized methods and cryptocurrencies. Geographic restrictions dictate availability, but the MyMultiBank account area only lists available ones relevant to the client's location.

What is the margin requirement for MultiBank?

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The margin requirement depends on the asset class and instrument, but the lowest is 0.002%.

DailyForex.com Team
About DailyForex.com Team
The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.