Go to FxPro
MultiBank Group in Kenya — review, licence and costs
Cost calculator (median of 36 priced of 55)
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%75
- Round-turn cost20%95
- Safety20%0
- Payouts15%no data
- Track record10%100
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Kenyan clients served via offshore entity (BVI FSC / Vanuatu VFSC); no local CMA-licensed entity verified.
- Founded
- 2005
- Retail leverage
- 500KE
- Round turn
- 6 USDKE
- Currencies
- USD default; no KES 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 Kenya residents
- Kenyan clients served via offshore entity (BVI FSC / Vanuatu VFSC); no local CMA-licensed entity verified.
- Local standing
- Offshore; not CMA Kenya regulated. Available to Kenyan residents; no specific local alert verified.
- Licence as the register states it
- No CMA Kenya 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 CMA-licensed locally; 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 Kenyan residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore; not CMA Kenya regulated. Available to Kenyan residents; no specific local alert verified.
- 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 Kenya market median(priced from 36 of 55)
Medians run over the 36 of 55 brokers that publish a price for Kenya, 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.
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Taxes for a Kenyan resident(1 rule)
- Forex/CFD profit treated as ordinary income for most retail traders (not capital gains), added to taxable income, taxed on graduated bands roughly 10% up to a top marginal rate of 35% (as of the review;https://cma.or.ke
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (6 methods · 1 local)
Cards, wire, Skrill/Neteller, crypto;
- Cards
- Wire
- Skrill
- Neteller
- Crypto
- Local M-Pesalocal
- Account currency
- USD default; no KES verified at review.
- Fee declared
- 6 of 6 methods
- Withdrawal back to
- the funding method
Where it does not serve(7 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 KE.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.5 | 1,780 |
Share of reviewers in Kenya: — The platform does not publish it.
Pros and cons(4 for and 6 against, each tied to a figure on this page)
- Round turn 6 USD on the raw + commission basis, under the Kenya median 7
- Swap-free account available
- Track record 100 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, MultiBank Plus
- No Kenya authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- Min deposit 50 USD, over the Kenya median 25
- Withdrawal in 120 h, over the Kenya median 48
- The published 1:500 comes from the group's offshore entity, not from the Kenya one
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 7KE
- Min deposit, USD
- 100KE
- Leverage
- 500KE
- Rank in this country
- #18
- Round turn, USD
- 5KE
- Min deposit, USD
- 50KE
- Leverage
- 500KE
- Rank in this country
- #9
- Round turn, USD
- 6KE
- Min deposit, USD
- 50 groupKE
- Leverage
- 500KE
- Rank in this country
- #19
- Round turn, USD
- 4.5KE
- Min deposit, USD
- 0KE
- Leverage
- 500KE
- Rank in this country
- #7
- Round turn, USD
- 6KE
- Min deposit, USD
- 0 groupKE
- Leverage
- 500 group
- Rank in this country
- #10
- Round turn, USD
- 8KE
- Min deposit, USD
- 100 groupKE
- Leverage
- 500 group
- Rank in this country
- #1
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 Kenya score. Full methodology
| Axis | Weight | What is measured | MultiBank Group |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 75 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 95 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 0 |
| 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 |
Where MultiBank Group sits in the Kenya base(55 brokers)
Round-turn cost, USD (36 of 55 priced)
Median 7 USD · range 3-23 · this broker 6 USD · 19 of 55 brokers do not publish it
Minimum deposit, USD (27 of 55 priced)
Median 25 USD · range 0-2500 · this broker 50 USD · 28 of 55 brokers do not publish it
Retail leverage (29 of 55 with a Kenya figure)
Median 1:500 · range 30-5000 · this broker 1:500 · 26 of 55 brokers do not publish it
Withdrawal time published (55 brokers)
FAQ
- Does MultiBank Group accept residents of Kenya?
- No. Offshore; not CMA Kenya regulated. Available to Kenyan residents; no specific local alert verified. Onboarding entity: Kenyan clients served via offshore entity (BVI FSC / Vanuatu VFSC); no local CMA-licensed entity verified.
- Is MultiBank Group licensed to serve clients in Kenya?
- No CMA Kenya licence; not locally authorised. Checked on 09.07.2026.
- How much does one round turn cost at MultiBank Group?
- About 6.0 USD per standard lot on EUR/USD. The median across brokers measured for Kenya is 7.0 USD.
- What leverage does MultiBank Group offer to retail clients in Kenya?
- 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 Kenya?
- Cards, wire, Skrill/Neteller, crypto; local M-Pesa/KES 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 Kenya residents.