Recalculated 2026-11-02 · Established 2005 · South African clients served via offshor
MultiBank Group — South Africa
MultiBank Group is rated 2.80 out of 5 by our formula (Rank #51 of 70) for traders in South Africa: round turn 15 USD, residents accepted — Through an offshore entity.
Suits you if a swap-free account is available · it runs 3 trading platforms · it has been trading for 21 years
Look elsewhere if the round turn is 15 USD against a 7 USD median here · it holds no licence issued in South Africa · you are onboarded by an offshore entity, not a local one
Key facts (8)
- Who actually onboards you
- South African clients served via offshore entity (BVI FSC / Vanuatu VF
- Licence number
- not stated
- Established
- 2005
- Min deposit, USD
- 50 USD
- Platforms
- MT4 · MT5 · MultiBank Plus
- Local funding
- Cards, wire, Skrill/Neteller, crypto; local ZAR
- Max leverage
- 500geo
- EURUSD
- 1.5 pipsgeo
Accounts (3)
3 of 3 accounts with a published cost per lot
3 of 3 shown
Click a column heading to sort. Figures are list terms, no promo codes.
| Broker · account | Min deposit, USD | Spread | Commission | Cost per lot | Swap-free |
|---|---|---|---|---|---|
| MultiBank GroupStandard | 50 | 1.5advertised | Anyper standard lot | 15round turn, USD | — |
| MultiBank GroupPro | 1000 | 0.8advertised | Anyper standard lot | 8round turn, USD | — |
| MultiBank GroupECN | 10000 | 0advertised | 6per standard lot | 6round turn, USD | — |
This broker against the South Africa middle (81 of 104)
| MultiBank Group | South Africa median | |
|---|---|---|
| Round turn, USD | 15.0 USD | 7.0 USD |
| Min deposit, USD | 50 USD | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | 24 to 48 business hoursgroup | 24.0 h |
| EURUSD, standard | 1.5 pipsgeo | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2005 | 2009.0 |
| Platforms | 3 | 3.0 |
Onboards residents through an offshore entity
Offshore; not FSCA-regulated. Available to SA residents; no specific FSCA alert on MultiBank verified, but unlicensed for local advice.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about MultiBank Group.
- Who actually onboards you
- South African clients served via offshore entity (BVI FSC / Vanuatu VFSC); no FSCA-authori
- Licence number
- —
- Local licence
- no
- Checked
- 2026-07-09
Score (6/6 axes)
A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.
Check:25.0% × 4.00+ 20.0% × 2.50+ 20.0% × 0.50+ 15.0% × 3.00+ 10.0% × 5.00+ 10.0% × 2.50= 2.8
Ranked against brokers measured on every axis
Licence check
- Licence number
- —
- Checked
- 2026-07-09
Who actually onboards you
South African clients served via offshore entity (BVI FSC / Vanuatu VFSC); no FSCA-authorised FSP entity verified.
Offshore entity
What each account gives you
Standard (min $50), Pro ($1,000), ECN ($10,000).
Cost per round turn, and the South Africa middle (81 of 104)
standard
Client-money protections
Min $50 (Standard).
What the broker publishes about payouts
Trading software and asset classes (3)
MT4 · MT5 · MultiBank Plus
FX, metals, indices, shares, commodities, crypto CFDs.
Reviews
1,510
Where it wins, where it loses
Pros (1)
- Swap-free account available
Cons (2)
- Round turn 15.0 USD against a South Africa median of 7.0
- No local licence: the client is onboarded by a foreign entity
Where it does not serve
United States, Canada, Iran, Iraq, North Korea, United Kingdom
Methodology
the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Sources (3)
3 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- Regulator registers
- 1fsca.co.zafsca.co.za · domainRegister
- Aggregators and directories
- 2sashares.co.za/multibanksashares.co.za · pageAggregator
- 3wikifx.comwikifx.com · domainAggregator
FAQ (5)
Does MultiBank Group accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of MultiBank Group?
South African clients served via offshore entity (BVI FSC / Vanuatu VFSC); no FSCA-authorised FSP entity verified.
What licence does MultiBank Group hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at MultiBank Group?
15.0 USD per round turn against a South Africa median of 7.0 USD, measured on 81 of 104 brokers.
How long does a withdrawal from MultiBank Group take?
MultiBank Group publishes 24 to 48 business hours. Their own wording: “withdrew requests are internally processed by the broker within 24 to 48 business hours”.