Written by ForexBrokers.com
In this head to head comparison of MultiBank vs FXOpen, 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, established in 2005, and FXOpen, founded in 2003, are both online brokers that cater to traders looking to navigate the financial markets. Neither company is publicly traded or operates as a bank, which is common in the brokerage industry. When it comes to trust and regulatory oversight, MultiBank holds three Tier-1 licenses and one Tier-2 license, reflecting a firm commitment to regulatory compliance. In contrast, FXOpen has been granted two Tier-1 licenses, but no Tier-2 licenses.
In terms of trustworthiness, MultiBank scores an 84 on the ForexBrokers.com Trust Score scale, placing it in the "trusted" category. FXOpen, with a score of 76, falls into the "average risk" category. These scores give potential traders an idea of the relative security and regulatory standing each broker offers, allowing them to make informed decisions based on their risk preferences and trust expectations.
| Feature |
MultiBank
|
FXOpen
|
|---|---|---|
| Year Founded | 2005 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 0 |
MultiBank and FXOpen both earn 4 out of 5 stars for commissions and fees, but MultiBank ranks higher in this category (#39 of 63) than FXOpen (#45 of 63). A key difference is pricing transparency: FXOpen’s average spread data isn’t available, making head-to-head cost comparisons harder.
MultiBank lists three account types. The Standard account has a low $50 minimum deposit but comes with higher spreads. The Pro account requires $1,000 and offers lower spreads than Standard. The ECN account has the lowest spreads, a $10,000 minimum deposit, and a round-trip commission of $3 per trade. Non-trading fees to note: an inactivity fee of $60 per month applies if your account is idle for 90 days.
For FXOpen, the lack of published average spread data limits clarity around typical trading costs, even though it holds a 4-star fees rating and ranks #45 of 63. If transparent, tiered pricing matters to you, MultiBank’s published structure may be easier to evaluate, while FXOpen would require checking live quotes and any posted commission details before you decide.
| Feature |
MultiBank
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average spread (EUR/USD) - Standard account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
MultiBank offers a much wider range of investments than FXOpen. You’ll find 1,042 tradeable symbols at MultiBank compared with 87 at FXOpen, and 40 forex pairs versus FXOpen’s 25. Both brokers support forex trading via CFDs or spot contracts. Neither broker provides direct access to exchange‑traded stocks in the U.S. or overseas, and both include copy trading.
For crypto, MultiBank lets you buy actual cryptocurrencies as well as trade crypto CFDs, while FXOpen limits you to crypto CFDs only. Reflecting this broader lineup, MultiBank earns 4 out of 5 stars for Range of Investments and ranks 38th out of 63 brokers with ForexBrokers.com; FXOpen earns 3 out of 5 stars and ranks 63rd out of 63. If you want more markets to choose from and the option to own crypto directly, MultiBank has the edge; if you only need a smaller, CFD-focused selection, FXOpen may suffice.
| Feature |
MultiBank
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 87 |
| Forex Pairs (Total) | 40 | 25 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers |
Dive deeper: Best Copy Trading Platforms.
MultiBank vs FXOpen: both brokers offer free demo (paper) accounts, Windows desktop downloads, and web-based trading. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and both include copy trading. The key difference is platform choice—MultiBank also has a proprietary in-house platform, while FXOpen relies on third-party options.
For charting, both let you place trades directly from charts and include built-in indicators and watchlist tools. According to ForexBrokers.com, both earn 4 out of 5 stars for Trading Platforms and Tools; however, MultiBank ranks #40 out of 63 brokers, ahead of FXOpen at #54. If having an extra platform option matters, MultiBank may appeal more, while FXOpen offers similar core features if you prefer to stick with MT4/MT5.
| Feature |
MultiBank
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 38 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
MultiBank and FXOpen both cover the essentials for trading on the go. Each broker offers iPhone and Android apps, stock or forex price alerts, 30 built-in technical studies, and the ability to draw trendlines on charts. A key difference is chart markup persistence: MultiBank automatically saves your drawings, while FXOpen does not. Neither app syncs watchlists between mobile and your online account, so changes made in one place won’t appear in the other.
Both mobile platforms earn 4 out of 5 stars, but rankings tilt toward MultiBank: ForexBrokers.com places it at #42 out of 63 brokers for Mobile Trading Apps, ahead of FXOpen at #55. If saving chart annotations matters to you, MultiBank has a small edge; otherwise, the core mobile features are very similar across both brokers.
| Feature |
MultiBank
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Comparing MultiBank vs FXOpen for market research: FXOpen publishes daily market commentary, while MultiBank does not. Both brokers deliver forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, and each offers an economic calendar for tracking key events. Neither broker includes Autochartist or Trading Central tools, and neither provides a sentiment gauge showing long/short positioning. TipRanks research is not offered at MultiBank and isn’t specified for FXOpen, and the availability of Acuity Trading tools isn’t specified for either.
Ratings tilt slightly toward MultiBank: it scores 3.5/5 for research and ranks 50th out of 63 brokers at ForexBrokers.com, whereas FXOpen scores 3/5 and ranks 64th. If you want daily market commentary alongside headline news and an events calendar, FXOpen stands out. If a higher third-party research rating is more important—and you’re fine with similar tool sets—MultiBank may be the better fit.
| Feature |
MultiBank
|
FXOpen
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | No | No |
| Client sentiment data | No | No |
| TipRanks | No | |
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing beginner education at MultiBank and FXOpen, MultiBank stands out for offering at least 10 beginner-focused videos that cover forex and CFD trading basics. FXOpen does not meet that mark for beginner videos. Neither broker hosts monthly educational webinars, and both fall short of having 10 advanced-level videos, so traders seeking deep-dive video lessons may need to look elsewhere.
For overall education, MultiBank is rated 3.5 out of 5 stars and ranks 50th out of 63 brokers at ForexBrokers.com, while FXOpen earns 3 stars and ranks 59th. If you’re new to trading and prefer learning through videos, MultiBank’s larger beginner video library may be the easier starting point. FXOpen provides fewer beginner videos and no recurring webinars, so plan to supplement your learning with additional resources.
| Feature |
MultiBank
|
FXOpen
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
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 FXOpen. MultiBank finished with an overall rank of #40, while FXOpen finished with an overall rank of #54.
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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FXOpen
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|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 76 |
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Comparing online brokers MultiBank vs FXOpen: MultiBank lets you buy actual delivered cryptocurrency and trade crypto CFDs, whereas FXOpen restricts you to cryptocurrency CFD trading and does not offer real delivered crypto purchases.
Comparing MultiBank vs FXOpen for account funding, MultiBank supports ACH/SEPA transfers for deposits and withdrawals while FXOpen does not, with other payment options not specified.
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 | FXOpen | |
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| Trust Score | 84 | 76 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | FXOpen | |
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| Broker Gallery (click to expand) |
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| Regulation | MultiBank | FXOpen | |
|---|---|---|---|
| Trust Score | 84 | 76 | |
| Year Founded | 2005 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| 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 | Yes |
| Tier-2 Licenses (Trusted) | MultiBank | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | MultiBank | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 87 | |
| Forex Pairs (Total) | 40 | 25 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers |
| Cost | MultiBank | FXOpen | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | MultiBank | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | MultiBank | FXOpen | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | MultiBank | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 38 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | MultiBank | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | MultiBank | FXOpen | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | FXOpen | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | MultiBank | FXOpen | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | MultiBank Review |
| Overall | MultiBank | FXOpen | |
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| Range of Investments |
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| Trust Score | 84 | 76 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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