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 | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| 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.
Comparing MultiBank vs FXOpen for range of investments: MultiBank offers a much larger lineup with 1,042 tradeable symbols versus FXOpen’s 87. Both brokers let you trade forex (CFD/spot), but MultiBank lists 40 currency pairs while FXOpen offers 25. Neither broker provides access to exchange-traded shares in the U.S. or international markets, and both support copy trading.
For cryptocurrency, MultiBank lets you buy actual coins as well as trade crypto derivatives, while FXOpen offers only crypto derivatives. Reflecting this broader selection, ForexBrokers.com rates MultiBank 4 out of 5 stars and ranks it 38th of 63 for Range of Investments, while FXOpen earns 3 out of 5 stars and ranks 63rd of 63.
| Feature |
MultiBank
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 87 |
| Forex Pairs (Total) | 40 | 25 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers |
Dive deeper: Best Copy Trading Platforms.
MultiBank and FXOpen both offer free demo accounts, web platforms, and Windows desktop software. Each supports MetaTrader 4 and MetaTrader 5 alongside copy trading. A key difference is platform choice: MultiBank adds its own proprietary platform on top of MetaTrader, while FXOpen relies on third‑party platforms. If you want social trading via ZuluTrade, FXOpen includes it, whereas MultiBank does not; both do not offer DupliTrade.
For charts and tools, both brokers let you place trades directly from charts and show seven fields in watchlists. MultiBank lists 17 drawing tools versus 15 at FXOpen; indicator totals weren’t specified, though MT4/MT5 include many by default. ForexBrokers.com rates both brokers 4 stars for Trading Platforms and Tools, with MultiBank ranked 40th out of 63 and FXOpen 54th—useful context if you prioritize an in-house platform (MultiBank) or built-in ZuluTrade access (FXOpen).
| Feature |
MultiBank
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | Yes |
| Charting - Indicators / Studies (Total) | 38 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both MultiBank and FXOpen offer mobile trading apps for iPhone and Android. Each app supports price alerts, real-time quote watchlists, 30 built-in technical studies, drawing trendlines, and switching among multiple time frames for charting. One shared limitation: neither broker syncs watchlist symbols between the mobile app and the client’s online account.
The key difference is chart annotations: MultiBank’s app auto-saves your drawings, while FXOpen’s does not. Despite both earning 4 stars for Mobile Trading Apps, ForexBrokers.com ranks MultiBank higher (#42 out of 63) than FXOpen (#55). If you value saved chart work and a stronger category placement, MultiBank’s mobile app has the edge; otherwise, both apps deliver the core tools traders expect.
| Feature |
MultiBank
|
FXOpen
|
|---|---|---|
| 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 | No |
| Mobile Watchlist | Yes | Yes |
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 | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
MultiBank vs FXOpen for beginner forex and CFD education: MultiBank clearly offers more for newcomers. It provides a full set of forex/CFD learning materials (meeting the 10+ piece threshold) plus at least 10 beginner-focused video lessons, making it easier to understand trading basics step by step. It does not run monthly educational webinars or keep a webinar archive, and it lacks an investor dictionary. Still, its overall Education score is 3.5/5, ranking #50 of 63 brokers on ForexBrokers.com.
FXOpen is lighter on beginner education. It doesn’t meet the 10-piece education bar and doesn’t offer a beginner video library, and there are no monthly webinars or recorded webinar archive. Its standout is an investor dictionary with 50+ terms, which can help you quickly look up jargon. FXOpen’s Education score is 3/5, ranking #59 of 63. For guided learning and video content, MultiBank is the better pick; for quick definitions, FXOpen’s glossary is useful.
| Feature |
MultiBank
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
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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MultiBank allows users to purchase actual (delivered) cryptocurrency in addition to cryptocurrency derivatives, while FXOpen only provides the option to trade in cryptocurrency derivatives and does not offer the capability to buy real cryptocurrencies.
In comparing online brokers MultiBank and FXOpen, MultiBank offers both ACH or SEPA transfers and Skrill options for depositing or withdrawing account funds, while both brokers provide options for Skrill, Visa or Mastercard, and bank wires, but neither supports PayPal transactions.
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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| 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/Central Bank 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. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers |
| Cost | MultiBank | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | MultiBank | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| 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 | No |
| Trading Platforms | MultiBank | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | Yes |
| Trading Tools | MultiBank | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 38 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| 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 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 | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | MultiBank | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | MultiBank | FXOpen | |
|---|---|---|---|
| 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 | MultiBank Review |
| Overall | MultiBank | FXOpen | |
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| Trust Score | 84 | 76 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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