Written by ForexBrokers.com
In this head to head comparison of MultiBank vs ATFX, 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 ATFX, launched in 2017, are both reputable online brokers, each offering their services without the backing of being publicly traded or functioning as banks. When evaluating their trustworthiness, ATFX slightly edges out with a ForexBrokers.com Trust Score of 85, while MultiBank follows closely with a score of 84. Both scores indicate that these brokers are considered trustworthy, falling within the "trusted" category as per ForexBrokers.com's rating criteria.
When it comes to regulatory recognition, which can inspire confidence among clients, ATFX holds a slight advantage with four Tier-1 licenses, compared to MultiBank's three. These Tier-1 licenses are essential as they reflect high trust levels in the industry. Further building their reliability, ATFX possesses two Tier-2 licenses, while MultiBank holds one. Both brokers clearly prioritize regulatory compliance, which is a key factor to consider when choosing an online trading partner.
| Feature |
MultiBank
|
ATFX
|
|---|---|---|
| Year Founded | 2005 | 2017 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 4 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When it comes to commissions and fees, MultiBank stands out with a variety of account options tailored to different trading needs. MultiBank offers three account types for forex and CFD trading: Standard, Pro, and ECN. The Standard account, starting with a minimum deposit of $50, comes with relatively higher spreads, making it less appealing for experienced traders. The Pro account, requiring a $1,000 deposit, offers more competitive spreads. For those seeking the lowest spreads available, the ECN account is the best choice, although it requires a hefty $10,000 minimum deposit along with a $3 commission per trade. Be mindful of the $60 monthly inactivity fee if your account goes dormant for 90 days. MultiBank earns a solid 4-star rating and is ranked #38 out of 63 brokers for its commissions and fees.
ATFX, on the other hand, doesn't have detailed average spread data readily available for comparison, which might present a challenge for users trying to assess cost-effectiveness directly. Although ATFX holds a 3-star rating in this category, it lags behind in the rankings at #60 out of 63 brokers. This suggests that while ATFX might have some appealing features, it could be less competitive in terms of commissions and fees compared to MultiBank.
In conclusion, if you're prioritizing low trading costs and comprehensive account types when choosing a broker, MultiBank might be the better option based on its higher ratings and ranking than ATFX. Both brokers have their benefits, but your ultimate choice will depend on your trading needs and budget preferences.
| Feature |
MultiBank
|
ATFX
|
|---|---|---|
| Minimum Deposit | $50 | $500 |
| 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 | No |
| 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 comparing the breadth of investment options between MultiBank and ATFX, certain differences emerge. MultiBank provides traders with access to 1,042 tradeable symbols, which is significantly higher compared to ATFX's offering of 150. Both brokers allow forex trading in the form of CFDs or spot contracts, but MultiBank has 40 tradeable forex pairs while ATFX slightly surpasses this with 44 pairs. Neither broker offers direct trading of exchange-listed securities, such as those from U.S. or international markets. However, both support copy trading functionalities for those keen on mimicking successful trades.
Cryptocurrency enthusiasts might find MultiBank more appealing, as it allows the purchase of actual cryptocurrencies alongside derivative options, whereas ATFX limits its offerings to cryptocurrency derivatives only. With these considerations, MultiBank earns a 4-star rating for its range of investments, ranking #37 out of 63 brokers according to ForexBrokers.com. In contrast, ATFX receives a 3.5-star rating and is positioned at #57, suggesting that those seeking a more extensive array of assets might lean towards MultiBank.
| Feature |
MultiBank
|
ATFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 150 |
| Forex Pairs (Total) | 40 | 44 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| 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.
Both MultiBank and ATFX present traders with comprehensive platforms and tools for trading. They each offer the ever-popular MetaTrader 4 and MetaTrader 5 platforms, which are available on both desktop and web-based formats. Additionally, traders can enjoy simulated trading with free virtual demo accounts provided by both brokers. While ATFX does not feature a proprietary platform, MultiBank stands out by offering a unique in-house trading platform. The platforms from both brokers facilitate direct trading from stock charts and offer robust watchlist functionalities, with each providing seven columns for field customization.
In terms of charting tools, MultiBank leads slightly by offering 17 drawing tools compared to ATFX's 15. Both brokers support copy trading, but neither offers DupliTrade or ZuluTrade. Despite these similarities, MultiBank receives slightly higher praise for its trading platforms and tools with a star rating of 4 out of 5, compared to ATFX's 3.5. This is further cemented by their rankings from ForexBrokers.com, where MultiBank stands at #39 out of 63 brokers, whereas ATFX is positioned at #62, making MultiBank a preferred choice for many traders seeking advanced platform features.
| Feature |
MultiBank
|
ATFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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.
MultiBank and ATFX both offer mobile trading apps compatible with iPhone and Android, giving traders flexible access to financial markets. Both platforms include useful features like stock and forex price alerts as well as the ability to create watchlists with real-time quotes. Traders can enjoy viewing multiple time frames and drawing trendlines on charts, with the added benefit of auto-saving these drawings in both apps. However, traders seeking seamless watchlist sync between mobile apps and online accounts might be disappointed, as neither platform currently offers this feature.
For those who prioritize charting capabilities in mobile trading, MultiBank stands out with 30 technical studies available, compared to ATFX's 7. This, coupled with MultiBank's mobile app rating of 4 stars against ATFX’s 3.5, indicates a slightly higher user satisfaction level. In the ForexBrokers.com rankings, MultiBank takes the 41st spot out of 63 brokers for mobile trading apps, whereas ATFX is ranked at 63rd. Overall, both apps offer essential trading functionalities, but MultiBank's expanded charting tools and higher user ratings give it a slight edge.
| Feature |
MultiBank
|
ATFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 7 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of MultiBank and ATFX, MultiBank stands out for its provision of forex news sourced from premier outlets like Bloomberg, Reuters, and Dow Jones. While MultiBank may lack daily market commentary and certain specialized tools, it provides an economic calendar for global news events, earning it a rating of 3.5 out of 5 stars in research by ForexBrokers.com, ranking 49th among 63 brokers.
On the other hand, ATFX excels in providing valuable technical analysis and fundamental research tools through partnerships with Autochartist and Trading Central. It also offers daily market commentary to keep traders informed. Despite not having access to top-tier forex news or additional tools like sentiment-based trading, ATFX provides an economic calendar similar to MultiBank's. This focus on analytical tools earns ATFX a research rating of 3 stars, placing it 54th out of 63 brokers on ForexBrokers.com.
| Feature |
MultiBank
|
ATFX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| 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 comparing the educational resources offered by MultiBank and ATFX for beginner traders, both brokers provide at least 10 pieces of educational content focused on forex and CFDs. Whether you're looking for articles, videos, or archived webinars, you can find informative material to help improve your trading knowledge. For those particularly interested in video content, both brokers offer a variety of beginner-focused videos, giving newcomers a comfortable start.
However, there are some differences in what each platform offers. ATFX provides a searchable archive of previously recorded webinars and an investor dictionary featuring definitions of over 50 investing terms, while MultiBank does not. This might appeal to traders who prefer to delve deeper into learning at their own pace. Although MultiBank is rated slightly higher for its educational offerings, ATFX is ranked better overall by ForexBrokers.com in the Education category. This suggests that ATFX might have a more refined approach to education despite offering fewer live webinars than desired.
| Feature |
MultiBank
|
ATFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| 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 ATFX. MultiBank finished with an overall rank of #40, while ATFX finished with an overall rank of #51.
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
|
ATFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 85 |
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MultiBank allows investors to purchase both actual delivered cryptocurrencies and cryptocurrency derivatives, whereas ATFX only offers the option to buy cryptocurrency derivatives.
When comparing online brokers MultiBank and ATFX, MultiBank supports ACH or SEPA transfers, which ATFX does not offer, while both brokers provide options for Skrill, Visa or Mastercard, and bank wires, though neither supports PayPal for depositing or withdrawing account funds.
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.
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0 of 5| Overall Rating | MultiBank | ATFX | |
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| Trust Score | 84 | 85 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | ATFX | |
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| Regulation | MultiBank | ATFX | |
|---|---|---|---|
| Trust Score | 84 | 85 | |
| Year Founded | 2005 | 2017 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 4 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | ATFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | MultiBank | ATFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | MultiBank | ATFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 150 | |
| Forex Pairs (Total) | 40 | 44 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| 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 | ATFX | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | MultiBank | ATFX | |
|---|---|---|---|
| Minimum Deposit | $50 | $500 | |
| 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 | ATFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | ATFX | |
|---|---|---|---|
| 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 | ATFX | |
|---|---|---|---|
| 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 | 7 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | MultiBank | ATFX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | ATFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | MultiBank | ATFX | |
|---|---|---|---|
| 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 | ATFX | |
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| Trust Score | 84 | 85 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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