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MultiBank Group in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%80
- Round-turn cost20%50
- Safety20%10
- Payouts15%60
- Track record10%100
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- South African clients served via offshore entity (BVI FSC / Vanuatu VFSC); no FSCA-authorised FSP entity verified.
- Founded
- 2005
- Retail leverage
- 500ZA
- Round turn
- 15 USDZA
- Currencies
- USD default; no ZAR verified at review.
- Swap-free account
- yes
"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.
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 South Africa residents
- South African clients served via offshore entity (BVI FSC / Vanuatu VFSC); no FSCA-authorised FSP entity verified.
- Local standing
- Offshore; not FSCA-regulated. Available to SA residents; no specific FSCA alert on MultiBank verified, but unlicensed for local advice.
- Licence as the register states it
- No FSCA FSP licence; 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
- Not on FSCA authorised-FSP list; 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 South African residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore; not FSCA-regulated. Available to SA residents; no specific FSCA alert on MultiBank verified, but unlicensed for local advice.
- 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 South Africa market median(priced from 80 of 103)
Medians run over the 80 of 103 brokers that publish a price for South Africa, 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 South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 15 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 50 USD · 54 of 103 brokers do not publish it
Retail leverage (72 of 103 with a South Africa figure)
Median 1:500 · range 20-5000 · this broker 1:500 · 31 of 103 brokers do not publish it
Withdrawal time published (103 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 ZAR 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 ZA.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.6 | 5, 1,510 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(3 for and 5 against, each tied to a figure on this page)
- Swap-free account available
- Track record 100 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, MultiBank Plus
- Round turn 15 USD on the standard basis, over the South Africa median 7
- No South Africa authorisation on file: the entity that onboards you is licensed elsewhere
- Withdrawal in 48 h, over the South Africa median 24
- The published 1:500 comes from the group's offshore entity, not from the South Africa one
- Safety 10 of 100, its weakest of 6 scored axes
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 18ZA
- Min deposit, USD
- 50ZA
- Leverage
- 1000ZA
- Rank in this country
- #51
- Round turn, USD
- 16ZA
- Min deposit, USD
- 1000ZA
- Leverage
- 100ZA
- Rank in this country
- #59
- Round turn, USD
- 18ZA
- Min deposit, USD
- 50 groupZA
- Leverage
- 1000ZA
- Rank in this country
- #65
- Round turn, USD
- 8ZA
- Min deposit, USD
- 500ZA
- Leverage
- 500ZA
- Rank in this country
- #61
- Round turn, USD
- 8ZA
- Min deposit, USD
- 100ZA
- Leverage
- 500ZA
- Rank in this country
- #40
- Round turn, USD
- 12ZA
- Min deposit, USD
- 500 groupZA
- Leverage
- 400ZA
- Rank in this country
- #39
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 South Africa 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 | 50 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| 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 South Africa?
- No. Offshore; not FSCA-regulated. Available to SA residents; no specific FSCA alert on MultiBank verified, but unlicensed for local advice. Onboarding entity: South African clients served via offshore entity (BVI FSC / Vanuatu VFSC); no FSCA-authorised FSP entity verified.
- Is MultiBank Group licensed to serve clients in South Africa?
- No FSCA FSP licence; not locally authorised. Checked on 09.07.2026.
- How much does one round turn cost at MultiBank Group?
- About 15.0 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does MultiBank Group offer to retail clients in South Africa?
- 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 South Africa?
- Cards, wire, Skrill/Neteller, crypto; local ZAR 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 South Africa residents.
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://fsca.co.za
Not tax advice. Check with SARS.