MultiBank Group Review Singapore 2026

Is MultiBank Group safe? MAS licence, MEX Global Markets Pte. Ltd.

Yes, the MAS Financial Institutions Directory, read on 24 September 2026, lists MEX Global Markets Pte. Ltd. as a Capital Markets Services Licensee. A Singapore retail client contracts with this entity, and FID prints the dealing products. We read the firm’s own Singapore pages on the same date, and the entity they name matches the directory entry.

What FID lists for the entity

I would treat the directory entry itself as your reference when you check the firm, since the entity name on the firm’s site and the name on FID agree.

MAS actions and the Investor Alert List

We searched MAS enforcement actions, media releases and the Investor Alert List for the entity and its related names on the same read. No item names MEX Global Markets Pte. Ltd. as its subject.

This page covers the Singapore entity, MEX Global Markets Pte. Ltd., while our MultiBank Group review covers the brand worldwide.

MultiBank Group client money

A Singapore client contracts with MEX Global Markets Pte. Ltd., the entity the MAS Financial Institutions Directory lists. The firm’s own site prints the entity name on its account and funding pages, and the sections below state what the firm says about where your money sits.

Where a Singapore client’s money is held

The firm states that it maintains all client funds in a segregated trust account with the bank (the firm’s about page).

Who a Singapore client contracts with

The firm’s Singapore site prints the contracting entity as MEX Global Markets Pte Ltd. That matches the legal name FID lists.

MultiBank Group at a glance: 5 key facts

MultiBank Group spreads and commission

On its contract specification page, the firm states an average EUR/USD spread of 1.5 pips for the Standard account, 0.8 for the Pro account, and 0.1 pips for the ECN account (read on 5 October 2026). Those figures come with no averaging period and are published numbers rather than measured values, so in my view you should treat all three as indicative until the firm names the window. The compare page, by contrast, advertises minimums with no currency pair named, and its Standard and Pro figures match those averages, while the ECN account is quoted from 0.0 pips. On one standard lot of EUR/USD (100,000 units), a pip is worth US$10.00, so the Standard average costs you US$15.00 round turn and the Pro US$8.00, while the ECN average, the lowest of the three, is the one I cannot cost without a commission figure.

Commission

The firm states its Standard account is commission-free (the firm’s compare page). The firm’s ECN page states that commission applies, without stating a rate. What I look for here is the full cost of a tier in one place, and I would ask the firm for the ECN rate in writing before you fund that account. Both statements are the firm’s own, and neither was measured by us.

What it costs to trade with MultiBank Group

What a trade costs here rests on the spreads section’s figures and the commission statements, all of them the firm’s advertised terms. The firm states no commission rate for its ECN account, so the full cost of that tier is not visible until you ask. I would not fund an ECN account before that rate is in writing. This page holds no measured cost for the Singapore entity.

Other fees a Singapore trader should check

Check inactivity fees, withdrawal fees, overnight financing and currency conversion costs on the firm’s Singapore site before you trade. My advice is to write down each fee the firm states for your account tier.

MultiBank Group deposits and withdrawals

A Singapore account is funded through routes that include local Singapore transfers and international methods. The firm’s funding page names its base currencies as USD and SGD, so a Singapore dollar deposit is supported. Check with the firm which route carries which cost before you fund.

Deposit methods (Singapore clients)

The firm’s funding page states that local Singapore transfers support FAST and PayNow. The firm’s about page also lists Internet Banking, Visa, Mastercard, Neteller and Skrill.

Account opening

The live-account application collects employment details, financial details and a Customer Knowledge Assessment before a declaration. The demo form is open free of charge if you want to try the platforms first.

MultiBank Group account types and minimum deposit

The firm’s site names three account tiers: Standard, Pro and ECN. The live-account application has a Customer Knowledge Assessment step.

Minimum deposit

The firm’s two pages state different ECN minimum initial deposits: the compare page and the live-account page each print their own figure. I choose neither, and you should ask the firm which applies before funding.

The firm advertises a free demo account and states a US$50 minimum initial deposit on its Standard account. If you are opening your first account, our page of forex brokers for beginners in Singapore lists twelve brokers that do both.

MultiBank Group trading platforms

The firm’s site names MetaTrader 4 for desktop, web trader and mobile, and MetaTrader 5. The demo-account form offers MT4 and MT5 as its two platform choices, while the live-account application form as printed shows MT4 only. The live-account page carries descriptions of both platforms, so the MT5 option rests on the demo form and that description. I would confirm with the firm which platforms a live Singapore account can use before you open one.

MultiBank Group app

MultiBank Group execution speed and slippage

Our global panel holds no fill time for MEX Global Markets Pte. Ltd., so this page states none.

MultiBank Group markets

The firm’s licence line on its own site names over-the-counter derivatives contracts and spot foreign exchange contracts for the purposes of leveraged foreign exchange. The product pages present forex on MT4 without naming CFD or spot.

MultiBank Group leverage and margin for Singapore clients

The firm’s FAQ and its live-account page state margin and leverage differently. No client class is named on either page, and I draw no inference from the two statements. Treat both as the firm’s own advertised terms and confirm which applies to your account before you trade.

The rule every MAS licensee works under is Table 18 of the Fourth Schedule to the Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations, which sets a 5% minimum margin for a retail customer (20:1, our arithmetic) and 2% for an accredited, expert or institutional investor (50:1, our arithmetic). That binds every firm alike, so it is neither this firm’s advantage nor its limit. The firm’s risk warning states that trading leveraged instruments may result in losses exceeding your initial deposits.

How MultiBank Group compares with OANDA and IG in Singapore

On the pricing the firms state, OANDA’s spread-only account advertises EUR/USD from 0.8 pips and its Core pricing advertises from 0 pips with commission, while IG’s CFD account states a 0.6 pip minimum spread and a 1.04 pip average. IG’s average on the pair sits below the firm’s Standard average and above its Pro and ECN averages, while OANDA publishes minimums only, so there is no like-for-like comparison with these averages. All the numbers in this comparison are the firms’ own, none measured, and IG is the only one of the three that states an averaging window (12 weeks ending 8 January 2021).

On our global broker test, OANDA scores 88.3 out of 100 and IG scores 68.2 out of 100. This firm sits between them, and the verdict states its score with its basis.

MultiBank Group sits second of the eighteen brokers on our forex brokers in Singapore list, ranked on its score from our global broker test, not a Singapore test.

What other review sites say about MultiBank Group

These are ratings of MultiBank Group from other platforms, read on the date shown and expressed on each platform's scale, so you can weigh them against our own score.

Trustpilot is withholding MultiBank Group's score for a guidelines breach, as Trustpilot itself states; checked 1 October 2026.

On 1 October 2026, Trustpilot showed neither a TrustScore nor a star rating for MultiBank Group, and the profile carried Trustpilot's own notice that the rating is unavailable because of a breach of its guidelines, and the screenshot above shows that notice as it appeared. Trustpilot withholds a company's score when it finds the company has broken its rules for collecting or handling reviews, but it does not state on the profile which rule was broken, and we make no claim of our own about what happened. The 1,800 reviews already posted stay on Trustpilot and remain readable, with only the score hidden, and Trustpilot restores the score if it lifts the notice. A withheld score is not a score of zero and not a low rating, and it means Trustpilot is not vouching for the figure at the moment, and we recheck this profile every month.

App Store and Google Play ratings for MultiBank Group

Our score is based on published criteria and is not influenced by these third-party ratings.

Should you open an account with MultiBank Group?

Yes, if you want a MetaTrader broker with local FAST and PayNow funding and a Capital Markets Services licensee entity, MEX Global Markets Pte. Ltd. fits, and the firm’s Standard account keeps the entry low. The rank and the licence listing both support that view.

Before you deposit, confirm the ECN minimum initial deposit, since the firm’s two pages state different figures, and confirm the margin terms that will apply to your account. I would settle both questions in writing before my first transfer. Check the firm’s entry on the MAS Financial Institutions Directory and read the risk warning on its own site first.