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 comparing the online brokers FOREX.com and MultiBank in terms of commissions and fees, each has its distinctive offerings. FOREX.com is known for its multiple account options and clear execution statistics. However, note that FOREX.com tends to be slightly pricier than the industry average unless you’re trading outside the US, where spreads are more competitive. The Standard account at FOREX.com caters to those ready to pay extra for benefits like market-maker execution, showing an average spread of 1.4 on the EUR/USD for US clients. Meanwhile, the RAW account, designed for active traders, offers competitive spreads of around 0.13 pips on the EUR/USD but comes with a $7 commission per Standard lot, enhancing value for high-volume traders.
MultiBank provides three account types: Standard, Pro, and ECN. With only a $50 minimum deposit, the Standard account comes with higher spreads, making it suitable mainly for traders just starting. The Pro account, requiring a $1,000 minimum deposit, offers better spreads, while the ECN account caters to serious traders with a $10,000 deposit and imposes a modest commission of $3 per trade. Additionally, MultiBank charges a $60 monthly inactivity fee for accounts dormant for 90 days.
In terms of ratings, FOREX.com earns a commendable 4.5 out of 5 stars for commissions and fees, ranking #13 among 62 brokers. On the other hand, MultiBank receives a solid 4 stars, placed at #38. Each broker presents a distinct set of advantages and potential costs, catering to various trading preferences and levels of engagement.
| 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 range of investments available through FOREX.com and MultiBank, both platforms offer forex trading as CFDs or spot contracts. FOREX.com stands out with a vast array of 5,500 tradeable symbols and 91 forex pairs, significantly surpassing MultiBank's offering of 1,042 tradeable symbols and 40 forex pairs. However, neither broker provides access to exchange traded securities on U.S. or international exchanges, leaving clients without the option to buy actual shares like Apple or Vodafone directly.
For cryptocurrency enthusiasts, MultiBank has an edge with its option to buy actual cryptocurrencies, while both platforms offer cryptocurrency derivatives but only as CFDs. Additionally, MultiBank provides a copy trading feature that FOREX.com does not. Despite these differences, FOREX.com earns a higher rating of 5 stars for its range of investments compared to MultiBank's 4 stars, reflecting FOREX.com’s superior position at #7 in ForexBrokers.com's rankings, against MultiBank's #37 among 62 brokers in the range of investments category.
| Feature |
FOREX.com
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 1042 |
| Forex Pairs (Total) | 91 | 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 the trading platforms and tools offered by FOREX.com and MultiBank, both brokers provide users with comprehensive options to enhance their trading experience. FOREX.com and MultiBank each offer their own proprietary platforms, giving traders unique choices for trading interfaces. These platforms are available as Windows-based desktop downloads and web-based versions, adding flexibility for traders who prefer to switch between devices. Both brokers also support the widely popular MetaTrader 4 and MetaTrader 5, appealing to traders familiar with these industry-standard platforms. Furthermore, both brokers offer free virtual demo accounts, allowing traders to practice and hone their skills before committing real capital.
Despite a lot of similarities, FOREX.com edges out with a higher rating of five stars compared to MultiBank's four stars and ranks higher in the Trading Platforms and Tools category. FOREX.com stands out with a richer suite of 239 drawing tools for charting against MultiBank's 17, and it allows for more comprehensive watch lists with 20 columns compared to MultiBank's seven. While MultiBank offers copy trading, allowing traders to mimic successful strategies, FOREX.com lacks this feature. Both brokers provide the capability to trade directly from stock charts, adding to their functionality. Ultimately, FOREX.com's higher ranking at #7 out of 62 brokers highlights its strong performance in trading platforms and tools, whereas MultiBank is positioned at #39.
| 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 provide services for iPhone and Android users, ensuring a wide accessibility. Both apps support stock and forex price alerts and allow for trendline drawing and multiple time frame viewing on charts. However, FOREX.com excels with its extensive 88 technical studies available for charting, vastly outnumbering the 30 offered by MultiBank. Additionally, FOREX.com provides watchlist symbol syncing, seamlessly integrating mobile and online account changes, a feature not present in MultiBank's app. Both apps do allow for the creation of watchlists with real-time quotes and auto-save chart drawings.
Looking at user satisfaction and industry recognition, FOREX.com's mobile app is rated 5 stars, while MultiBank's app holds a solid 4-star rating. In rankings, FOREX.com shines as the 3rd best among 62 brokers in the Mobile Trading Apps category according to ForexBrokers.com. In contrast, MultiBank is positioned at 41st place. Overall, while both apps provide a range of functionalities, FOREX.com appears to offer a more comprehensive and user-friendly mobile trading experience.
| 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 it comes to market research, FOREX.com provides a comprehensive experience with features designed to support traders at various levels. It offers daily market commentary, keeping traders updated on the latest developments. FOREX.com also streams forex news from top-tier sources such as Bloomberg and Reuters, ensuring high-quality insights. A standout offering from FOREX.com is its access to Trading Central tools, known for their advanced technical analysis and insights. Additionally, traders can leverage sentiment-based tools that reveal the ratios of long and short positions across currency pairs, offering a deeper understanding of market trends. An economic calendar is also available to assist in tracking global events that can influence market moves. Overall, these attributes contribute to FOREX.com's impressive research rating of 4.5 stars and its rank as the ninth best among 62 brokers for research by ForexBrokers.com.
In contrast, MultiBank provides a more basic market research package. While it does deliver forex news from high-caliber sources like Bloomberg and Reuters, it falls short in offering daily market commentary. The absence of Trading Central tools and sentiment-based trading resources limits the depth of analysis available to its users. However, MultiBank does supply an economic calendar, which helps traders keep track of important news events worldwide. With these research capabilities, MultiBank holds a research rating of 3.5 stars and is ranked 49th out of 62 brokers by ForexBrokers.com. Though it provides some foundational tools, traders seeking more advanced analysis might find FOREX.com's offerings more aligned with their needs.
| 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 tailored for beginners, FOREX.com and MultiBank both offer a solid foundation of materials. FOREX.com provides at least 10 pieces of educational content like articles, videos, and archived webinars that focus primarily on forex and CFDs. MultiBank also meets this criterion, offering educational materials suitable for newcomers. However, a key difference is that FOREX.com hosts monthly online educational webinars, giving clients the opportunity for real-time learning, while MultiBank does not. Furthermore, FOREX.com maintains a searchable archive of past webinars, enhancing the learning experience for those eager to revisit topics or catch up on missed sessions.
In addition to offering over 10 beginner-oriented videos, FOREX.com extends its educational suite with advanced videos and a comprehensive investor dictionary featuring definitions for over 50 investing terms. MultiBank, however, does not provide advanced educational videos or an investor dictionary of comparable scope. This wealth of educational resources and supplemental materials helps explain why FOREX.com earned a higher education rating of 4.5 stars, in contrast to MultiBank’s 3.5 stars. The broader educational offerings also contribute to FOREX.com's recognition as the fourth-best out of 62 brokers for education, whereas MultiBank ranks fiftieth.
| 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 62 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) | 91 | 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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