Broker Alarab
Broker Comparison

JustMarkets vs MultiBank Group: Which Broker Is Better?

Compare JustMarkets and MultiBank Group across fees, spreads, regulation, account types, trading platforms and overall suitability for different trading needs.

Best Overall
MultiBank Group
Overall Rating
Best for Beginners
Both are suitable
Costs and Execution
MultiBank Group
Direct Comparison

JustMarkets vs MultiBank Group

VS
JustMarkets logo

JustMarkets

4.15out of 5
Best Suited For

MetaTrader and low spreads

MultiBank Group logo

MultiBank Group

4.40out of 5
Best Suited For

ECN and MetaTrader trading

Broker Alarab View
Our View on JustMarkets

JustMarkets suits traders who want flexibility from cent and standard accounts up to more advanced options, but the best conditions depend on choosing the right account type.

Our View on MultiBank Group

MultiBank Group provides Standard, Pro and ECN-style accounts through MT4 and MT5, together with access to a broad range of markets and multiple operating entities.

It may suit experienced traders comparing ECN-style execution and liquidity, but account conditions, minimum deposits, leverage and regulatory coverage should be reviewed carefully before registration.

Score Analysis

Strength Comparison

Compare JustMarkets and MultiBank Group across the main factors traders consider when choosing a broker.

Comparison Factor
JustMarkets
MultiBank Group

Safety & Trust

4.10
4.65

Fees & Costs

4.20
4.40

Trading Platforms

4.15
4.35

Deposits & Withdrawals

4.25
4.35

Customer Support

4.05
4.25

Small score differences do not mean the brokers are identical. Choose according to the factor that matters most to you, such as regulation, trading costs, platforms, withdrawals or customer support.

Accounts & Trading Costs

Compare Accounts and Fees

Compare account types, spreads, commissions and minimum deposits at JustMarkets and MultiBank Group.

Quick Cost Comparison
MultiBank Group

MultiBank Group shows an advantage in trading costs or spreads based on the available data.

JustMarkets
4
available accounts
MultiBank Group
3
available accounts
Ease of Entry
Best for Beginners
Both are suitable
Comparison
JustMarkets
MultiBank Group
Main Account
Standard
Standard
Minimum Deposit
$10
$50
Spread
0.8 – 1.3
1.0 - 1.5
Commission
$0
$0
Execution
Market Execution
Market Execution
Account Details

Explore Available Account Types

Open each broker to compare the spread, commission, deposit and execution method for every account.

JustMarkets Accounts

4 available accounts

Spread
0.8 – 1.3
Commission
$0
Deposit
$10
Execution: Market Execution
Standard Cent

General traders

Details
Spread
1.0 – 1.5
Commission
$0
Deposit
$10
Execution: Market Execution
Pro

General traders

Details
Spread
0.5 – 1.0
Commission
$0
Deposit
$200
Execution: Market Execution
Raw Spread

General traders

Details
Spread
0.0 – 0.3
Commission
$6 per lot
Deposit
$500
Execution: Market Execution

MultiBank Group Accounts

3 available accounts

Standard

Bigineers & General traders

Details
Spread
1.0 - 1.5
Commission
$0
Deposit
$50
Execution: Market Execution
Pro

Active traders

Details
Spread
0.8 - 1.0
Commission
$0
Deposit
$1000
Execution: Market Execution
ECN

Advanced traders

Details
Spread
0.0 - 0.3
Commission
$3 per lot
Deposit
$10,000
Execution: Market Execution

Do not choose a broker based only on the number of accounts. Compare spreads, commissions, minimum deposits and execution methods before selecting a trading account.

Choose the Broker That Fits Your Trading

Continue after reviewing the available accounts and trading costs.

JustMarkets
Start Now
MultiBank Group
Start Now
Safety & Regulation

Compare Broker Safety

JustMarkets vs MultiBank Group

Compare safety scores, regulators and the legal entity responsible for each trading account.

JustMarkets
4.10
Safety score out of 5
MultiBank Group
4.65
Safety score out of 5
JustMarkets
4 licencesIslamic account
MultiBank Group
5 licencesIslamic account

The number of licences alone is not enough. Verify the legal entity that will hold your account.

JustMarkets logo
Regulatory Profile

JustMarkets Licences

4 registered licences4.10 out of 5

Headquarters
Limassol, Cyprus
Islamic Account
Available

Regulators

4 records
CySECStrong oversight
Cyprus Securities and Exchange Commission
Licence Number
401/21
Legal Entity
JustMarkets Ltd
FSAInternational oversight
Financial Services Authority Seychelles
Licence Number
SD088
Legal Entity
Just Global Markets Ltd
Seychelles
Official Check
FSC BelizeInternational oversight
Financial Services Commission Belize
Licence Number
GB22200881
Legal Entity
Just Global Markets (MU) Limited
FSC BVIInternational oversight
British Virgin Islands Financial Services Commission
Licence Number
SIBA/L/24/1177
Legal Entity
Just Global Markets (VG) Limited
British Virgin Islands
Official Check
Regulation and Fund Protection
Read the full analysis

Regulatory Summary

JustMarkets emphasizes client protection features such as segregated accounts and negative balance protection in its official materials. Its trust profile is practical, though the strength of safeguards still depends on the operating entity.

Client Fund Protection at JustMarkets

JustMarkets states that client funds are held separately from the company’s operating funds. Negative balance protection is also available under the conditions of the relevant account and legal entity, helping prevent eligible clients from being required to cover a negative balance caused by exceptional market movements.

The legal strength of these safeguards is not identical for every JustMarkets client. Client-money rules, investor compensation arrangements and complaint procedures may differ between the CySEC-regulated entity and international entities regulated in Seychelles, Mauritius or the British Virgin Islands. Traders should confirm the legal company responsible for their account before depositing.

MultiBank Group logo
Regulatory Profile

MultiBank Group Licences

5 registered licences4.65 out of 5

Headquarters
Hong Kong
Islamic Account
Available

Regulators

5 records
ASICStrong oversight
Australian Securities and Investments Commission
Licence Number
416279
Legal Entity
MEX Australia Pty Ltd
BaFinStrong oversight
Federal Financial Supervisory Authority
Licence Number
119375
Legal Entity
MEX Asset Management GmbH
CySECStrong oversight
Cyprus Securities and Exchange Commission
Licence Number
430/23
Legal Entity
MEX Europe Ltd
SCAModerate oversight
Securities and Commodities Authority
Licence Number
غير متاح علنًا
Legal Entity
MEX Global Financial Services LLC
United Arab Emirates
Official Check
FSC BelizeInternational oversight
Financial Services Commission Belize
Licence Number
SIBA/L/14/1068
Legal Entity
MultiBank FX International Corporation
Regulation and Fund Protection
Read the full analysis

Regulatory Summary

MultiBank Group operates through a network of entities that includes MEX Australia Pty Ltd, authorised by ASIC under licence number 416279; MEX Asset Management GmbH, supervised by BaFin under number 119375; and MEX Europe Ltd, regulated by CySEC under licence number 430/23. The group also has an entity supervised by the SCA in the UAE and an international entity in Belize serving different markets.

The group’s multiple entities provide broad regulatory coverage, but they do not mean that every client receives the same protection available under ASIC, BaFin or CySEC. The actual entity may affect leverage, products, complaint procedures and investor protection, so traders should also verify the permitted scope of each legal company.

When researching MultiBank Group licences, traders should look beyond the number of licences and identify the entity shown in the client agreement. This is especially important for Arabic-speaking traders who may be directed to the UAE or international entity and need to balance global availability with the oversight applied to their account.

Client Fund Protection at MultiBank Group

MultiBank Group entities apply client-money protection rules according to the regulator responsible for each legal company. These arrangements include separating eligible client funds from the group’s operating capital and business expenses, helping prevent client money from being used to finance the broker’s daily operations.

Fund custody rules, negative balance protection and investor compensation arrangements are not uniform across the ASIC, BaFin, CySEC, SCA and international Belize entities. Traders should verify the specific MEX or MultiBank company named in their client agreement instead of relying on the total number of licences held across the wider group.

Before depositing, match the legal entity and licence number in your client agreement with the regulator’s official register.

Comparison Summary

Which Broker Fits You?

Choose based on your priorities, not the overall rating alone.

Overall Result
MultiBank Group

MultiBank Group has the higher overall rating, but review why each broker may suit you before deciding.

Easier Start
Both are suitable
Fees & Costs
MultiBank Group
JustMarkets logo
Alternative Choice by Priority

JustMarkets

4.15
out of 5
Choose This Broker If You Want

Standard and Raw accounts with flexible entry requirements

BeginnersLow-deposit traders
Important

Client protection and leverage limits vary by regulatory entity

MultiBank Group logo
Best Choice by Overall Rating

MultiBank Group

4.40
out of 5
Choose This Broker If You Want

Multiple account types, markets and regulated entities

ECN account tradersHigh-deposit traders
Important

Multiple accounts and legal entities can make account selection more complex

Final Decision
Broker Alarab View

MultiBank Group provides Standard, Pro and ECN-style accounts through MT4 and MT5, together with access to a broad range of markets and multiple operating entities.

Check the account conditions, fees and regulatory entity available in your country before registering.

Frequently Asked Questions

Questions About JustMarkets and MultiBank Group

Important answers before opening an account or choosing the more suitable broker.

JustMarkets
MultiBank Group

Questions About JustMarkets

3 questions

Is JustMarkets a reliable broker or is there risk involved?

JustMarkets operates under multiple regulatory entities such as CySEC, FSA, and FSCA, but protection levels vary depending on the region. While many traders report smooth execution and fast withdrawals, others raise concerns about offshore regulation and limited protection compared to top-tier brokers.

What is the minimum deposit required to trade on JustMarkets?

The minimum deposit on JustMarkets can start as low as $1 depending on the account type and payment method, although most standard trading accounts typically require around $10.

How competitive are spreads and commissions on JustMarkets?

JustMarkets offers spreads starting from around 0.8 pips on Standard accounts and from 0.0 pips on Raw Spread accounts, where a commission of about $6 per lot is applied. Overall trading costs are considered competitive compared to similar brokers.

Questions About MultiBank Group

3 questions

Is MultiBank Group a scam or a legit broker?

MultiBank Group is not a scam and operates under multiple regulators such as ASIC, CySEC, BaFin, and SCA. However, the level of protection depends on the specific entity handling your account, so it's important to verify the jurisdiction before trading.

How fast are withdrawals with MultiBank Group?

Withdrawal speed at MultiBank Group depends on the payment method. E-wallets and cryptocurrencies are usually processed faster, while bank transfers can take longer. Additional verification may be required for large withdrawals.

What are the real trading fees on MultiBank Group?

Trading fees vary by account type. Standard and Pro accounts have no commission with spreads included, while ECN accounts offer raw spreads from 0.0 pips with a commission of around $3 per lot per side.

Conditions may vary by country and regulatory entity. Review the account details before registering.