Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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.
When comparing online brokers FOREX.com and MultiBank, both founded in different years, they show significant differences in their regulatory standings. FOREX.com, established in 1999 and publicly listed, holds an impressive 7 Tier-1 licenses, which are the most trusted according to ForexBrokers.com. With a Trust Score of 99 out of 99, FOREX.com is considered highly reliable for traders seeking stringent regulation and oversight.
MultiBank, on the other hand, began in 2005 and operates privately. It maintains 3 Tier-1 licenses, reflecting a solid level of trust in comparison to its peers. While not publicly traded, MultiBank has earned a respectable Trust Score of 84, positioning it as a trusted broker overall. Both companies are not banks, but their regulatory differences might influence traders in deciding which platform aligns best with their assurance needs.
| Feature |
FOREX.com
|
MultiBank
|
|---|---|---|
| Year Founded | 1999 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When it comes to commissions and fees, FOREX.com and MultiBank offer different options tailored to various trading preferences. FOREX.com is known for its variety in accounts and execution methods, particularly with its RAW Spread account, which provides appealing commission-based pricing for active traders. FOREX.com's all-in costs for its commission accounts remain competitive, especially for high-volume traders. However, its Standard account, with an average spread of 1.4 pips for EUR/USD in the U.S., tends to be pricier unless you benefit from market-maker execution. For commissions and fees, FOREX.com earns a strong rating of 4.5 stars and is ranked #13 out of 63 brokers by ForexBrokers.com.
MultiBank, on the other hand, offers three main account types: Standard, Pro, and ECN. While their Standard account requires a manageable $50 minimum deposit, it comes with higher spreads, making it more suitable for beginners. The Pro account, though requiring a $1,000 deposit, offers more competitive spreads. MultiBank’s ECN account provides the lowest spreads with a $10,000 minimum deposit and a round-trip commission of $3 per trade. Notably, MultiBank charges a $60 monthly inactivity fee if your account remains dormant for 90 days. MultiBank receives a 4-star rating for commissions and fees, ranking #38 in the same category by ForexBrokers.com.
Both brokers have their unique strengths; FOREX.com is favored for its range of trading options and competitive offerings for frequent traders, while MultiBank is a viable choice for traders looking for account options that align with different levels of market experience and trading volume requirements. Traders should carefully evaluate these aspects based on their trading needs to choose the broker that best suits their financial goals.
| Feature |
FOREX.com
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the investment offerings of FOREX.com and MultiBank, both brokers facilitate forex trading through CFDs or spot contracts. FOREX.com offers an extensive selection of 5,500 tradeable symbols, significantly outpacing MultiBank's 1,042 symbols. For those focused on forex pairs, FOREX.com provides access to 80 currency pairs, double the 40 pairs available through MultiBank. However, neither platform provides access to buying exchange-traded securities on U.S. or international exchanges, which means you cannot purchase shares like Apple or Vodafone through either broker.
Looking deeper into their services, MultiBank stands out for offering both copy trading and the ability to purchase actual cryptocurrency, which might appeal to investors interested in diversifying their strategies. Conversely, FOREX.com does not support these features but does present a breadth of options with cryptocurrency derivatives. FOREX.com holds a five-star rating for its range of investments, ranking #7 among 63 brokers, whereas MultiBank gains a four-star ranking and comes in at #37. This suggests that while FOREX.com provides a broader range of investment options, MultiBank might appeal to traders seeking specific functionalities that involve actual cryptocurrencies and copy trading.
| Feature |
FOREX.com
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 1042 |
| Forex Pairs (Total) | 80 | 40 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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.
When comparing FOREX.com and MultiBank, both brokers provide users with a comprehensive trading experience. Each offers a proprietary platform and supports both MetaTrader 4 and MetaTrader 5, ensuring access to widely-used trading tools. Users of both platforms can practice their strategies with a free demo account. Additionally, both FOREX.com and MultiBank offer Windows-based desktop platforms and web-based options, allowing flexibility in how and where you trade. An interesting difference, however, is that MultiBank supports copy trading, whereas FOREX.com does not.
FOREX.com stands out with a broader range of charting tools, offering 239 drawing tools compared to MultiBank’s 17. Moreover, FOREX.com enhances its users' experience with 20 customizable columns for watch lists, more than double the 7 columns offered by MultiBank. This contributed to its higher rating of 5 stars for trading platforms and tools, compared to MultiBank’s 4 stars. As further evidence of its superior offering, FOREX.com ranks #7 in this category out of 63 brokers on ForexBrokers.com, whereas MultiBank is ranked #39, reflecting the differing levels of utility and customization each platform provides.
| Feature |
FOREX.com
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 38 |
| Charting - Drawing Tools (Total) | 239 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FOREX.com and MultiBank, both platforms support trading on iPhone and Android devices, offering flexibility for traders on the go. They also provide stock and forex price alerts, allowing users to stay updated on market changes swiftly. However, FOREX.com offers an edge with its watchlist symbol syncing feature. This function enables seamless updates between the mobile app and the online account, which MultiBank lacks. The disparity in technical analysis tools is quite noticeable too, with FOREX.com offering 88 technical studies compared to MultiBank's 30.
Both apps allow users to draw trendlines on charts, view different time frames, and auto-save chart drawings, essential features for technical traders. Additionally, both platforms enable the creation of watchlists with real-time quotes. However, in terms of user ratings, FOREX.com leads with a 5-star rating compared to MultiBank's 4 stars. This higher rating is reflected in their overall ranking by ForexBrokers.com, where FOREX.com ranks 3rd out of 63 brokers for mobile trading apps, while MultiBank is positioned at 41st. This distinction highlights FOREX.com as a more favorable choice for traders looking for advanced mobile trading features and tools.
| Feature |
FOREX.com
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 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 offerings of FOREX.com and MultiBank, FOREX.com stands out for its comprehensive daily market commentary, which is not provided by MultiBank. Both brokers do offer forex news from leading sources like Bloomberg and Reuters, ensuring traders have access to vital information. However, FOREX.com enhances its offerings with tools from Trading Central, providing users with valuable technical analytics. In contrast, MultiBank lacks these specific analytical tools. Furthermore, FOREX.com provides a sentiment-based trading tool that helps traders gauge the market's leaning with visuals on long or short positions in currency pairs, an advantage not found in MultiBank's suite.
Both FOREX.com and MultiBank feature an economic calendar to keep traders informed of global news events, but FOREX.com is notably ahead in research ratings. With a 4.5-star rating for research and a ranking of ninth place among 63 brokers by ForexBrokers.com, FOREX.com clearly excels. In comparison, MultiBank receives a 3.5-star rating and is ranked 49th, underscoring a less extensive research offering. Despite both brokers skipping some advanced research tools like those from Autochartist and Acuity Trading, FOREX.com's broader range of research tools and higher ratings make it a more attractive choice for traders prioritizing research capabilities.
| Feature |
FOREX.com
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | 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 beginners, FOREX.com stands out as a strong choice compared to MultiBank. Both platforms provide a healthy number of educational resources, including over ten articles, videos, and educational materials focused on forex and CFDs. However, FOREX.com offers an added edge with its monthly educational webinars, while MultiBank does not offer such webinars. This makes FOREX.com a more dynamic choice for those looking to engage in interactive learning sessions. Additionally, FOREX.com provides a helpful searchable archive of previously recorded webinars, which is absent in MultiBank's offerings.
Furthermore, both platforms present beginner educational videos, but FOREX.com surpasses with advanced videos designed for seasoned traders, whereas MultiBank falls short in this area. Beginners will also find value in FOREX.com's comprehensive investor dictionary, featuring over 50 investing terms; this is a resource MultiBank does not provide. Rated 4.5 stars for education by ForexBrokers.com, FOREX.com is ranked #4 out of 63 brokers, highlighting its superiority in educational resources. In contrast, MultiBank receives 3.5 stars and is ranked #50, indicating a divergence in educational quality, particularly for those new to trading.
| Feature |
FOREX.com
|
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 FOREX.com is better than MultiBank. FOREX.com finished with an overall rank of #5, while MultiBank finished with an overall rank of #40.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 84 |
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While FOREX.com enables traders to invest in cryptocurrency derivatives without owning the actual digital assets, it does not support the purchase of delivered cryptocurrencies, whereas MultiBank offers both the option to buy actual delivered cryptocurrencies and engage in cryptocurrency derivatives trading.
Comparing online brokers, FOREX.com offers ACH or SEPA transfers, PayPal, Visa or Mastercard, and bank wire options, but lacks Skrill, while MultiBank provides ACH or SEPA transfers, Skrill, Visa or Mastercard, and bank wire options, but does not support 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 | FOREX.com | MultiBank | |
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| Trust Score | 99 | 84 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | MultiBank Review |
| Broker Screenshots | FOREX.com | MultiBank | |
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| Regulation | FOREX.com | MultiBank | |
|---|---|---|---|
| Trust Score | 99 | 84 | |
| Year Founded | 1999 | 2005 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 3 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | Yes | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FOREX.com | MultiBank | |
|---|---|---|---|
| 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 | FOREX.com | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 1042 | |
| Forex Pairs (Total) | 80 | 40 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | FOREX.com | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FOREX.com | MultiBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 38 | |
| Charting - Drawing Tools (Total) | 239 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | MultiBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | 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 | FOREX.com | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | 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 | FOREX.com | 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 | FOREX.com Review | MultiBank Review |
| Overall | FOREX.com | MultiBank | |
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| Trust Score | 99 | 84 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | MultiBank Review |
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