Written by ForexBrokers.com
In this head to head comparison of MultiBank vs Alpari, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
MultiBank, founded in 2005, and Alpari, established in 1998, are both privately owned online brokers without any affiliations to banks. When it comes to regulatory trust, MultiBank stands out with three Tier-1 licenses, which are highly regarded, and one Tier-2 license. This gives MultiBank a ForexBrokers.com Trust Score of 84, placing it in the trusted category. In contrast, Alpari holds neither Tier-1 nor Tier-2 licenses and has a Trust Score of 68, indicating a higher risk level according to ForexBrokers.com.
Despite neither company being publicly traded or associated with a bank, MultiBank's regulatory credentials suggest a stronger level of trustworthiness compared to Alpari. For traders and investors, MultiBank's combination of multiple high-level licenses and a higher trust score may offer more confidence and security than Alpari's current standing.
| Feature |
MultiBank
|
Alpari
|
|---|---|---|
| Year Founded | 2005 | 1998 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 0 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When it comes to comparing the commissions and fees of two popular online brokers, MultiBank and Alpari, they both offer unique benefits suited for different trading needs. MultiBank presents three account types for forex and CFD trading: Standard, Pro, and ECN. The Standard account, requiring a modest $50 minimum deposit, however, comes with relatively higher spreads, making it less attractive unless you're just starting out. For traders willing to invest a bit more, the Pro account demands a $1,000 deposit with lower spreads. For those seeking the most competitive edge, the ECN account offers the lowest spreads at MultiBank but requires a $10,000 minimum deposit along with a $3 round-trip trade commission. Additionally, MultiBank applies a $60 monthly inactivity fee if no trading activity occurs for 90 days.
While Alpari does not make average spread data readily accessible, it competes closely with MultiBank in terms of overall fee ratings. Both MultiBank and Alpari earn a solid 4-star rating out of five for their commissions and fees, reflecting fairly competitive pricing in the market. However, MultiBank holds a slight edge in ranking, positioned at #38 compared to Alpari’s #41, according to ForexBrokers.com's evaluation among 63 brokers.
Choosing between MultiBank and Alpari will ultimately depend on your specific trading preferences and investment capabilities. Whether prioritizing lower entry thresholds or seeking reduced trading costs, understanding the nuances of each broker's fee structure can guide you in making an informed decision.
| Feature |
MultiBank
|
Alpari
|
|---|---|---|
| Minimum Deposit | $50 | $20 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investment options available, MultiBank offers a more extensive selection compared to Alpari. MultiBank provides access to 1,042 tradeable symbols, significantly outperforming Alpari's 105 symbols. Both brokers offer forex trading as CFDs or spot contracts; however, MultiBank offers 40 forex pairs, slightly fewer than Alpari's 46 pairs. Investors looking for exchange-traded securities on U.S. or international exchanges may find their options limited with both brokers, as neither offers trading in U.S. listed stocks, and only Alpari provides access to international exchange-traded securities. Additionally, MultiBank and Alpari both support cryptocurrency derivatives trading, but only MultiBank allows the purchase of actual cryptocurrencies.
If you are interested in copy trading, both brokers have this feature available. However, based on ratings, MultiBank holds an edge with a four-star rating against Alpari's three-star rating for their range of investments. According to ForexBrokers.com, MultiBank ranks 37th out of 63 brokers, a notable leap over Alpari's 63rd position. This ranking reflects MultiBank's more diversified offerings, which may be appealing to investors seeking a broader array of investment choices.
| Feature |
MultiBank
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 105 |
| Forex Pairs (Total) | 40 | 46 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools available at MultiBank and Alpari, both brokers shine in offering a variety of versatile options. MultiBank and Alpari provide simulated trading through free virtual demo accounts, allowing traders to hone their skills risk-free. Each broker has developed its own unique proprietary platform and supports industry-standard MetaTrader 4 and MetaTrader 5, catering to different trader preferences. Both firms offer Windows-based platforms for desktop trading and convenient web-based options for browser access. While copy trading is available at both, neither supports DupliTrade or ZuluTrade. MultiBank offers slightly more drawing tools for charting, with 17 compared to Alpari’s 15. Both platforms enable trading directly from stock charts and feature seven columns in their watch lists for a personalized experience.
Despite the similarities, there are subtle distinctions in how MultiBank and Alpari perform overall. Both brokers received a solid four-star rating for their trading platforms and tools, but MultiBank edges out Alpari in rankings by ForexBrokers.com—placing at #39 out of 63 brokers, while Alpari is ranked at #55. These ratings suggest a slight preference for MultiBank in terms of platform and tool offerings, though both provide comprehensive options to meet the needs of their traders. Whether a trader values more drawing tools or a higher ranking may influence their decision when choosing between these two competitive brokers.
| Feature |
MultiBank
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 38 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both MultiBank and Alpari offer solid apps for iPhone and Android users, providing access to key features like stock and forex price alerts. If you enjoy technical analysis, you'll appreciate the 30 technical studies available on both platforms' charting tools. You can also draw trendlines and switch between different time frames like daily, weekly, or intraday to suit your trading style with both apps.
However, there are notable differences. While neither app syncs watchlist symbols between mobile and online accounts, MultiBank allows for auto-saving of chart drawings, a feature Alpari lacks. Both apps let you create watchlists with real-time quotes, but when it comes to overall ratings, MultiBank and Alpari both earn 4 out of 5 stars for their mobile trading apps. Still, MultiBank is ranked higher in the Mobile Trading Apps category by ForexBrokers.com at #41, compared to Alpari's #56.
| Feature |
MultiBank
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing MultiBank to Alpari in terms of market research services, both brokers provide forex news from reputable sources such as Bloomberg, Reuters, or Dow Jones, but neither offers daily market commentary. While Alpari takes the lead by offering technical analysis tools from Autochartist, both brokers lack offerings from Trading Central and sentiment-based trading tools. Additionally, neither provides resources from TipRanks or Acuity Trading to enhance market research, though they both offer economic calendars to keep traders informed about global economic events.
In terms of research ratings, MultiBank edges out Alpari with a rating of 3.5 stars, as opposed to Alpari's 3 stars. This distinction is reflected in their rankings by ForexBrokers.com, where MultiBank holds the 49th position out of 63 brokers, while Alpari is ranked 57th. These rankings and offerings provide traders with insights into which platform might better suit their research needs, influenced by the tools and information sources that are most valuable to them.
| Feature |
MultiBank
|
Alpari
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for forex and CFD trading beginners, both MultiBank and Alpari offer a solid collection of more than 10 informative pieces. This includes articles, videos, and archived webinars. However, neither broker provides monthly webinars nor archives of past client webinars. In terms of beginner-specific videos, each broker presents at least 10, aiding newcomers to get a good start. Yet, advanced traders seeking deeper insights might find MultiBank and Alpari limiting, as neither offers educational videos focused on advanced topics.
While MultiBank and Alpari seem similar in their beginner educational offerings, Alpari takes a slight edge with an investor dictionary defining at least 50 terms—a feature MultiBank does not have. Despite this, MultiBank receives a slightly higher rating of 3.5 stars for education compared to Alpari's 3 stars. However, in rankings by ForexBrokers.com, Alpari edges out MultiBank, placing 48th compared to 50th out of 63 brokers. This small difference suggests both platforms provide reliable educational resources for beginners but may not significantly stand out from one another.
| Feature |
MultiBank
|
Alpari
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that MultiBank is better than Alpari. MultiBank finished with an overall rank of #40, while Alpari finished with an overall rank of #58.
MultiBank Group, in operation since 2005, is home to numerous global brands and regulated in jurisdictions all over the world. A multi-asset broker, MultiBank offers forex and CFDs through the MetaTrader and cTrader platform suites (though not all markets are readily available) as well as underlying crypto assets via its regulated crypto exchange. On the negative side, the broker’s market research offering is unimpressive and educational content is entirely absent; MultiBank’s poor performance in these important categories drags down its Overall rating.
| Feature |
MultiBank
|
Alpari
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 84 | 68 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
When comparing MultiBank and Alpari, MultiBank distinguishes itself by offering the ability to buy actual delivered cryptocurrency in addition to cryptocurrency derivatives, whereas Alpari only provides the option to purchase cryptocurrency derivatives.
When comparing online brokers MultiBank and Alpari, it's important to note that MultiBank offers ACH or SEPA transfers for deposits and withdrawals, while Alpari does not, although both brokers support Skrill, Visa, Mastercard, and bank wires, with neither offering PayPal as a funding option.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
Select Brokers
↓×Compare
0 of 5| Overall Rating | MultiBank | Alpari | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 84 | 68 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | Alpari | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | MultiBank | Alpari | |
|---|---|---|---|
| Trust Score | 84 | 68 | |
| Year Founded | 2005 | 1998 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 0 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | Alpari | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | MultiBank | Alpari | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | MultiBank | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 105 | |
| Forex Pairs (Total) | 40 | 46 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | MultiBank | Alpari | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | MultiBank | Alpari | |
|---|---|---|---|
| Minimum Deposit | $50 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | MultiBank | Alpari | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | MultiBank | Alpari | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 38 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | MultiBank | Alpari | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | MultiBank | Alpari | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | Alpari | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | MultiBank | Alpari | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | MultiBank Review |
| Overall | MultiBank | Alpari | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 84 | 68 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill