MultiBank Group — India
Key facts (8)
- Who actually onboards you
- Indian clients served via offshore entity (BVI FSC / Vanuatu VFSC); no
- Licence number
- not stated
- Established
- 2005group
- Min deposit, USD
- 50 USDgeo
- Platforms
- MT4 · MT5 · MultiBank Plus
- Local funding
- Cards, wire, Skrill/Neteller, crypto; local INR/
- Max leverage
- 500geo
- EURUSD
- 1.5 pipsgeo
This broker against the India middle (52 of 91)
| MultiBank Group | India median | |
|---|---|---|
| Round turn, USD | 3.0 USD | 6.0 USD |
| Min deposit, USD | 50 USDgeo | 30.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | no data | 48.0 h |
| EURUSD, standard | 1.5 pipsgeo | 1.0 pips |
| EURUSD, raw | 0.0 pipsgeo | 0.0 pips |
| Established | 2005group | 2008.0 |
| Platforms | 3 | 3 |
Accepts residents of India
Through an offshore entity
Score (4/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
Indian clients served via offshore entity (BVI FSC / Vanuatu VFSC); no local Indian entity.
Offshore entity
Public rating and its base
Round turn against the local middle (52 of 91)
raw+commission
Getting money out
From the entry account upwards
Standard (min $50), Pro ($1,000), ECN ($10,000).
Terminals, markets, instrument counts (3)
MT4 · MT5 · MultiBank Plus
FX, metals, indices, shares, commodities, crypto CFDs.
What works and what to watch
Pros (2)
- Round turn 3.0 USD against a India median of 6.0
- Swap-free account available
Cons (4)
- No local licence: the client is onboarded by a foreign entity
- Withdrawal time not published
- Carries a regulator warning; excluded from beginner and most-established lists
- No public review-platform rating, so the review axis is absent
Profits, and what India takes
Exchange-traded currency futures & options profit is generally treated as non-speculative business income and taxed at the individual's income-tax slab rates (as of the review). Intraday speculative positions are speculative business income (losses set off only against speculative income, carry-forward 4 years) vs non-speculative losses carry-forward 8 years. A 20% TCS applies on LRS foreign remit
Where it does not serve
no data
Methodology
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (3)
Checked: 2026-07-09
- sebi.gov.in domain
- brokerchooser.com/multibank-india page
- wikifx.com domain
FAQ (4)
Does MultiBank Group accept residents of India?
Through an offshore entity.
Which entity onboards a India client of MultiBank Group?
Indian clients served via offshore entity (BVI FSC / Vanuatu VFSC); no local Indian entity.
What licence does MultiBank Group hold for India?
No licence number is published for this country.
What does one EURUSD lot cost at MultiBank Group?
3.0 USD per round turn against a India median of 6.0 USD, measured on 52 of 91 brokers.