Fineco Bank vs MultiBank 2023

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, MultiBank offers better pricing overall for traders.

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both Fineco Bank and MultiBank hold 2 global Tier-1 licenses. MultiBank holds 1 global Tier-2 licenses, while Fineco Bank holds 0. In our analysis of 23 international regulators across 50 brokers, Fineco Bank earned a higher Trust Score than MultiBank.

To compare the trading platforms of both Fineco Bank and MultiBank, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fineco Bank offers a better experience. With research, Fineco Bank offers superior market research. Finally, we found MultiBank to provide better mobile trading apps.

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

Fineco Bank provides traders 54 currency pairs (e.g., EUR/USD) compared to MultiBank's 41 available pairs. Forex pairs aside, MultiBank offers traders access to 1042 CFDs while Fineco Bank has 126 available CFDs, a difference of 916.

Fineco is publicly traded and does operate a bank. Fineco is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Fineco is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

MultiBank Group is not publicly traded, does not operate a bank, and is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and three tier-3 regulators (low trust). MultiBank Group is authorised by the following tier-1 regulators: the Australian Securities & Investment Commission (ASIC) and the Monetary Authority of Singapore (MAS). Learn more about Trust Score.

FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.

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.