Written by ForexBrokers.com
In this head to head comparison of MultiBank vs Axi, 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 and Axi are reputable online broker options for traders looking to navigate the financial markets. Founded in 2005, MultiBank operates with a ForexBrokers.com Trust Score of 84, making it a trusted choice, while Axi, established in 2007, holds a slightly lower Trust Score of 82. Neither is publicly traded nor functions as a bank, which is common among brokers. When it comes to regulatory certifications, MultiBank stands out with three Tier-1 licenses and one Tier-2 license, ensuring a higher level of regulatory coverage compared to Axi’s two Tier-1 and one Tier-2 licenses. These Tier-1 licenses are considered highly trusted, enhancing MultiBank’s reputation for reliability.
| Feature |
MultiBank
|
Axi
|
|---|---|---|
| Year Founded | 2005 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing the commissions and fees of MultiBank and Axi, both offer competitive options but with distinct differences. MultiBank provides three types of accounts for forex and CFD trading: Standard, Pro, and ECN. The Standard account, which requires a minimum deposit of just $50, comes with higher spreads, making it a better choice for beginners. More seasoned traders might prefer the Pro account, which requires a $1,000 deposit for lower spreads. For the most competitive spreads, MultiBank offers the ECN account with a $10,000 deposit requirement and a $3 round-trip commission per trade. Be aware of the $60 inactivity fee charged monthly if an account is inactive for over 90 days.
Axi does not provide specific average spread data, which might be a consideration for traders looking for detailed cost analysis. Despite this, both brokers earn a commendable 4 out of 5 stars for their commissions and fees, indicating customer satisfaction and value.
In the ForexBrokers.com rankings, MultiBank achieves a slightly higher position, coming in at #38 out of 63 brokers, compared to Axi's #43 ranking. This reflects subtle differences in commission and fee structures between the two, with MultiBank having the edge in terms of industry rankings, though both remain solid choices for potential investors.
| Feature |
MultiBank
|
Axi
|
|---|---|---|
| Minimum Deposit | $50 | $0 |
| 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.
MultiBank and Axi are popular choices among online brokers, offering diverse investment options tailored to different kinds of traders. For those interested in forex trading, both brokers provide contracts for difference (CFDs) and spot trading. However, MultiBank presents a wider range of tradeable symbols, boasting 1,042 options compared to Axi’s 175. Axi takes the lead in the realm of forex pairs, offering 65 pairs while MultiBank offers 40. Interestingly, neither broker provides direct access to U.S. or international exchange-traded securities, meaning you won't be able to purchase stocks like Apple or Vodafone directly through these platforms.
With respect to cryptocurrency offerings, MultiBank provides the ability to buy both actual cryptocurrencies and cryptocurrency derivatives, while Axi limits its offerings to derivatives only. Both platforms support copy trading, a feature that can be appealing to those looking to mirror the strategies of successful traders. When analyzed for their range of investments, MultiBank is rated four stars and ranks #37 out of 63 brokers according to ForexBrokers.com, reflecting its more extensive selection. Axi follows with a rating of 3.5 stars and a ranking of #56, indicating a solid but less extensive range of investment options.
| Feature |
MultiBank
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 175 |
| Forex Pairs (Total) | 40 | 65 |
| 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.
When comparing the trading platforms and tools of MultiBank and Axi, both brokers provide access to MetaTrader 4 (MT4) and offer windows desktop and web-based platforms. MultiBank goes a step further by also providing MetaTrader 5 (MT5) and a proprietary platform developed in-house, whereas Axi does not offer these options. Both brokers facilitate simulated trading with virtual demo accounts, web-based trading, and copy trading. However, only Axi supports the ZuluTrade platform for social trading, excluding DupliTrade on both platforms. MultiBank offers 17 drawing tools for charting compared to Axi's 15, and both enable trading directly from stock charts with seven columns available for watch lists.
According to ratings, MultiBank receives a 4-star rating for its trading platforms and tools, ranking #39 out of 63 brokers on ForexBrokers.com, while Axi has a 3.5-star rating, placing it at the bottom at #63. Both brokers strive to offer competitive trading solutions, but MultiBank appears to have a slight edge in ratings and tool offerings, making it a potentially more attractive choice for traders seeking a broader set of trading platform features.
| Feature |
MultiBank
|
Axi
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| 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.
If you're deciding between MultiBank and Axi for your mobile trading needs, both brokers provide apps for iPhone and Android users, offering essential features like price alerts and the ability to draw trendlines on charts. Both apps also support viewing multiple time frames, such as daily or weekly, for stock or forex charts. However, a key difference lies in watchlist syncing, as neither broker offers syncing capabilities between the mobile app and online account. Notably, MultiBank has the advantage of auto-saving chart drawings, which is a feature Axi lacks.
In terms of technical chart studies, both brokers provide 30 options, allowing for detailed market analysis. You can also create watchlists with real-time quotes on both apps. When it comes to ratings, MultiBank scores slightly higher, earning a 4-star rating against Axi's 3.5 stars. This difference is echoed in their rankings by ForexBrokers.com, where MultiBank is positioned at #41 out of 63 brokers, while Axi trails at #59. Overall, MultiBank seems to offer a more polished mobile trading experience for users seeking a little extra convenience and functionality.
| Feature |
MultiBank
|
Axi
|
|---|---|---|
| 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 exploring market research features, MultiBank and Axi each have their strengths. Both brokers provide their clients with forex news from respected global sources like Bloomberg and Reuters, ensuring traders stay informed with reliable information. Additionally, they both offer detailed economic calendars that lay out current and upcoming global news events, which can be incredibly useful for strategizing trades. However, neither broker offers daily market commentary to give traders more detailed insights.
In terms of unique tools, Axi has the edge with offerings like Autochartist tools and sentiment-based trading features, which are not available with MultiBank. Despite these additional features, Axi receives a slightly lower research rating of 3 stars compared to MultiBank's 3.5 stars, as ranked by ForexBrokers.com. Out of 63 brokers, MultiBank holds the 49th spot for research while Axi is ranked 55th, showing a modest lead for MultiBank in terms of overall research recognition.
| Feature |
MultiBank
|
Axi
|
|---|---|---|
| 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 | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing educational resources for beginners offered by MultiBank and Axi, both provide an array of materials to help new traders understand the world of forex and CFDs. Each broker features a minimum of 10 educational articles or videos focused on these subjects, ensuring novice traders have ample resources to start learning. Additionally, both platforms provide at least 10 educational videos that target beginners, making foundational trading concepts accessible and straightforward. Where MultiBank falls short is in their lack of educational webinars—Axi excels here by offering regular, monthly webinars to bolster client learning, although neither broker maintains an archive of recorded sessions.
Advanced traders may find both brokers lacking significantly in educational content tailored to their needs, as neither offers a substantial collection of advanced videos. However, Axi stands out with an investor dictionary packed with over 50 investing terms to enhance users' financial vocabularies, a feature MultiBank does not provide. Despite these distinctions, when considering overall educational quality, MultiBank earns a slightly higher rating of 3.5 stars compared to Axi's 3 stars. Yet, Axi is ranked higher in ForexBrokers.com's Education category, coming in at #27 out of 63 brokers, whereas MultiBank is ranked #50, highlighting areas where each can still improve.
| Feature |
MultiBank
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| 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 Axi. MultiBank finished with an overall rank of #40, while Axi finished with an overall rank of #49.
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
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Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 82 |
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When comparing online brokers, MultiBank distinguishes itself by offering both actual (delivered) cryptocurrency and cryptocurrency derivatives, while Axi provides only cryptocurrency derivatives, not the actual cryptocurrency.
In the comparison of online brokers MultiBank and Axi regarding deposit and withdrawal options, MultiBank supports ACH or SEPA transfers, which Axi does not, while both brokers do not offer PayPal services; however, they both allow transactions via Skrill, Visa/Mastercard, and bank wires.
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 | Axi | |
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| Trust Score | 84 | 82 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | Axi | |
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| Regulation | MultiBank | Axi | |
|---|---|---|---|
| Trust Score | 84 | 82 | |
| Year Founded | 2005 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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 | Yes | |
| 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 | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | MultiBank | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 175 | |
| Forex Pairs (Total) | 40 | 65 | |
| 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 | Axi | |
|---|---|---|---|
| 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 | Axi | |
|---|---|---|---|
| Minimum Deposit | $50 | $0 | |
| 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 | Axi | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | MultiBank | Axi | |
|---|---|---|---|
| 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 | Axi | |
|---|---|---|---|
| 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 | No |
| Research | MultiBank | Axi | |
|---|---|---|---|
| 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 | Yes | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| 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 | Axi | |
|---|---|---|---|
| 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 | Axi | |
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| Trust Score | 84 | 82 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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