MultiBank (multibankn.org) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: multibankn.org.
I opened an account with MultiBank (multibankn.org) for about five months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Demo account available|Clean UI
Cons: No fractional shares
I am in a dispute with MultiBank (multibankn.org) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Smooth onboarding|API access|Economic calendar|Easy to use platform
Cons: Account statements could be more detailed
MultiBank (multibankn.org) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Market news feed|Portfolio tracking tools|Educational resources|No hidden fees
Cons: Desktop app not available on Linux
After spending since I retired last year trying to make MultiBank (multibankn.org) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Dividend tracking|Professional team|Fast deposits|Clean UI
Cons: No crypto staking|Some tools only available on higher tiers
I closed a profitable position at MultiBank (multibankn.org) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Easy withdrawals|Fast support response
Cons: No crypto staking|None so far
The so-called education at MultiBank (multibankn.org) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for a few weeks now thinking they would help me learn.
Pros: Fast support response|Helpful community forum|Market news feed
Cons: Limited cryptocurrency options|No crypto staking
I experienced a security concern with my MultiBank (multibankn.org) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Clean UI|Full transparency
Cons: Limited cryptocurrency options|Charting tools need more indicators
The platform at MultiBank (multibankn.org) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about five months of dealing with this, I have had enough.
Pros: High security standards|Wide product range
Cons: Mobile app could be improved|Limited social trading features
After for roughly four months with MultiBank (multibankn.org), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Responsive team|Transparent fees|Competitive fees
Cons: Currency conversion fee exists
The only good thing about MultiBank (multibankn.org) is that they remind you why regulation matters. I found them from a blog post comparing services. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Clean UI|Demo account available
Cons: Website design could be more modern