Written by ForexBrokers.com
In this head to head comparison of BDSwiss vs MultiBank, 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.
BDSwiss and MultiBank are two well-known online brokers established in 2012 and 2005, respectively. Neither company is publicly traded or operates as a bank. In terms of regulatory oversight and trustworthiness, BDSwiss holds one Tier-1 license, indicative of a high level of trust. However, it does not possess any Tier-2 licenses. According to ForexBrokers.com, BDSwiss has a Trust Score rating of 73, which places it in the average risk category.
On the other hand, MultiBank demonstrates a higher level of trust through its regulatory credentials. It holds three Tier-1 licenses coupled with one Tier-2 license, reflecting its broader regulatory coverage. With a Trust Score of 84, MultiBank is regarded as a trusted broker by ForexBrokers.com. Users seeking a more regulated trading environment may lean towards MultiBank, given its higher trust rating and extensive regulatory licenses.
| Feature |
BDSwiss
|
MultiBank
|
|---|---|---|
| Year Founded | 2012 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
BDSwiss and MultiBank are both well-regarded online brokers, each earning a 4-star rating for their commissions and fees. BDSwiss is noted for its effective order execution statistics, though its spreads may seem high compared to industry leaders. For the BDSwiss Classic account, the EUR/USD spread is 1.5 pips, which can be considered costly. The Raw account offers a spread of 0.3 pips plus a $5 commission per side, totaling an effective spread of 1.3 pips. Meanwhile, the VIP account provides a spread of 1.2 pips. BDSwiss holds the 30th spot out of 63 brokers in the Commissions and Fees category, according to ForexBrokers.com.
MultiBank stands out with its three account types tailored for forex and CFD trading: Standard, Pro, and ECN. The Standard account is accessible with a $50 minimum deposit, although it has relatively higher spreads, making it less favorable for anyone beyond beginners. The Pro account, which requires a $1,000 deposit, offers lower spreads, whereas the ECN account delivers the Tightest spreads with a $10,000 deposit and a modest $3 commission per trade. However, a notable downside is MultiBank's inactivity fee of $60 per month, charged if the account is inactive for 90 days. Despite this, MultiBank achieves a respectable 38th place ranking out of 63 brokers for commissions and fees on ForexBrokers.com.
Both BDSwiss and MultiBank provide viable options depending on your trading needs and budget. BDSwiss offers competitive adherence to order execution even if its spread costs are a bit high, whereas MultiBank provides a range of account types with flexibility on spreads and fees, although it requires larger minimum deposits for optimal conditions. Consequently, traders might choose BDSwiss for its straightforward pricing, while those looking for spread variety might lean towards MultiBank’s offerings.
| Feature |
BDSwiss
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $10-$5000 | $50 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 1.3 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| 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 BDSwiss and MultiBank in terms of the range of investments they offer, both brokers provide opportunities for forex trading as CFDs or spot contracts. BDSwiss presents a slightly broader selection with 1,081 tradeable symbols and 53 forex pairs, while MultiBank offers 1,042 symbols and 40 forex pairs. Neither platform allows for the direct purchase of exchange-traded securities on U.S. or international exchanges. Yet, both brokers support copy trading and the ability to engage with cryptocurrency derivatives, though only MultiBank enables the purchase of actual cryptocurrencies.
In terms of overall ratings, both BDSwiss and MultiBank received four-star ratings for their range of investments. However, BDSwiss holds a marginally higher standing, ranked at number 34 by ForexBrokers.com, compared to MultiBank, which is ranked at number 37 out of 63 brokers. This analysis suggests that while the differences are subtle, BDSwiss might cater more comprehensively to those interested in a greater variety of tradeable symbols and forex pairs.
| Feature |
BDSwiss
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 1042 |
| Forex Pairs (Total) | 53 | 40 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | Yes |
| 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.
BDSwiss and MultiBank are both solid choices for those interested in online trading, particularly when it comes to their trading platforms and tools. Both brokers offer a comprehensive range of services, including free demo accounts, in-house developed platforms, and the widely used MetaTrader 4 and 5. Investors can enjoy the convenience of both Windows-based desktop and web-based platforms for a seamless trading experience. Additionally, both brokers support copy trading but do not offer DupliTrade or ZuluTrade services. While BDSwiss comes equipped with basic charting tools, allowing for 15 drawing tools, MultiBank slightly edges ahead with 17 drawing tools available for more detailed technical analysis.
Both BDSwiss and MultiBank provide the functionality to execute trades directly from charts, which enhances accessibility and speed for active traders. Each broker supports comprehensive watch lists with seven available columns, making it easier to monitor and manage trades effectively. When rated for their trading platforms and tools, both brokers receive an admirable 4 out of 5 stars, yet BDSwiss edges out MultiBank in rankings, sitting at #24 compared to MultiBank's #39 out of 63 brokers reviewed by ForexBrokers.com. This places BDSwiss slightly ahead in terms of platform ranking, though both options remain reliable and feature-rich for traders of all experience levels.
| Feature |
BDSwiss
|
MultiBank
|
|---|---|---|
| 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) | 30 | 38 |
| Charting - Drawing Tools (Total) | 15 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of BDSwiss and MultiBank, both brokers provide comprehensive features suitable for traders on the go. Both apps are available for iPhone and Android, offering facilities such as stock and forex price alerts, the ability to draw trendlines on charts, and multiple time frame views. Each app supports 30 technical studies for charting, a significant offering for market analysis. However, neither broker’s app currently allows watchlist symbol syncing between the mobile app and the client’s online account, which means changes must be managed separately on each platform. Both apps do grant the option to create watchlists with real-time quotes and automatically save drawings on charts, enhancing the user experience for monitoring and analysis.
In terms of user ratings, both BDSwiss and MultiBank receive a solid 4-star rating for their mobile trading apps. However, BDSwiss has an edge in the market with a higher ranking, placed at #24 out of 63 brokers on ForexBrokers.com, while MultiBank holds the #41 spot. This may suggest a slight preference or competitive edge in user satisfaction or feature richness. Despite these differences, both apps serve as reliable tools for traders looking to manage their investments and stay updated on market dynamics from their mobile devices.
| Feature |
BDSwiss
|
MultiBank
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research capabilities of BDSwiss and MultiBank, both brokers offer unique features to aid traders, but with distinct differences. BDSwiss provides daily market commentary, an advantage for traders who value regular insights. While it lacks forex news from top-tier sources like Bloomberg or Reuters, it makes up for it by offering technical and fundamental analysis tools from companies such as Autochartist and Trading Central. This toolset can help traders make informed decisions through in-depth analysis. Additionally, BDSwiss features an economic calendar that displays news events from around the world, keeping traders informed of potential market movers.
In contrast, MultiBank excels in providing forex news from renowned sources like Bloomberg and Reuters, delivering timely updates and crucial insights into market trends. However, it does not offer tools from Autochartist or Trading Central. Like BDSwiss, MultiBank also includes an economic calendar to track global events. Evaluating these offerings, BDSwiss is rated 4 stars for Research, ranking 24th out of 63 brokers on ForexBrokers.com, while MultiBank is rated 3.5 stars, placing it at 49th. These rankings highlight BDSwiss's slightly superior market research capabilities compared to MultiBank.
| Feature |
BDSwiss
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | 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 diving into the world of trading, particularly for beginners looking to understand forex and CFDs, both BDSwiss and MultiBank provide a solid range of educational resources. BDSwiss excels by offering a comprehensive suite of over 10 educational pieces focusing on these subjects, alongside regular monthly webinars that are also accessible via a searchable archive of past sessions. This ensures that learners can revisit crucial insights at their convenience. In addition to these resources, BDSwiss supports beginners with over 10 beginner educational videos and extends its educational reach with advanced trading videos for seasoned traders. Notably, BDSwiss includes an investor dictionary with definitions for over 50 investing terms, aiding learners in grasping essential concepts.
MultiBank also caters to beginner traders with over 10 educational pieces on forex and CFDs and at least 10 beginner educational videos. However, where it falls short compared to BDSwiss is in the absence of monthly webinars and an archived library of such content. Furthermore, MultiBank does not offer advanced educational videos or an investor dictionary to deepen a trader’s knowledge base. With BDSwiss receiving a four-star rating in education and ranking #19 out of 63 brokers by ForexBrokers.com, it stands more favorable in its educational offerings than MultiBank, which holds a 3.5-star rating and ranks at #50.
| Feature |
BDSwiss
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that BDSwiss is better than MultiBank. BDSwiss finished with an overall rank of #36, while MultiBank finished with an overall rank of #40.
The BDSwiss brand caters to over 1.6 million registered forex and CFD traders, and offers the full MetaTrader platform suite alongside its own proprietary mobile app. BDSwiss demonstrates good order execution statistics and provides access to over 1,000 tradable symbols – though its spreads are higher than industry leaders.
| Feature |
BDSwiss
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MultiBank
|
|---|---|---|
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| Trust Score | 73 | 84 |
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BDSwiss does not offer the ability to buy actual (delivered) cryptocurrency but provides options for trading cryptocurrency derivatives, whereas MultiBank allows the purchase of actual cryptocurrencies in addition to offering cryptocurrency derivatives.
Both BDSwiss and MultiBank offer ACH or SEPA transfers, Skrill, Visa or Mastercard, and bank wires for depositing or withdrawing account funds, but neither provides PayPal as a payment method 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.
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0 of 5| Overall Rating | BDSwiss | MultiBank | |
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| Trust Score | 73 | 84 | |
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| Review | BDSwiss Review | MultiBank Review |
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| Regulation | BDSwiss | MultiBank | |
|---|---|---|---|
| Trust Score | 73 | 84 | |
| Year Founded | 2012 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | BDSwiss | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | Yes | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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) | BDSwiss | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | BDSwiss | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 1042 | |
| Forex Pairs (Total) | 53 | 40 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | Yes | |
| 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 | BDSwiss | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 1.3 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | BDSwiss | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $10-$5000 | $50 | |
| 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 | Yes |
| Trading Platforms | BDSwiss | MultiBank | |
|---|---|---|---|
| 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 | BDSwiss | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 38 | |
| Charting - Drawing Tools (Total) | 15 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BDSwiss | MultiBank | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BDSwiss | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | BDSwiss | MultiBank | |
|---|---|---|---|
| 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 | BDSwiss Review | MultiBank Review |
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| Trust Score | 73 | 84 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | MultiBank Review |
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