Written by ForexBrokers.com
In this head to head comparison of FXCM 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.
FXCM and MultiBank are both well-known online brokers; however, they have different regulatory standings. Established in 1999 and publicly traded, FXCM has a strong presence in the market. It holds 4 Tier-1 licenses, indicating a high level of trust, and 2 Tier-2 licenses. FXCM boasts an impressive Trust Score of 95 out of 99 on ForexBrokers.com, reflecting its high trustworthiness.
MultiBank, founded in 2005, is a privately held company. It holds 3 Tier-1 licenses and 1 Tier-2 license, pointing to a reliable status as well. With a ForexBrokers.com Trust Score of 84, MultiBank is considered a trusted option in the online trading space. However, while both companies are not banks, FXCM's higher Trust Score and greater number of top-tier licenses may appeal to those prioritizing regulatory oversight.
| Feature |
FXCM
|
MultiBank
|
|---|---|---|
| Year Founded | 1999 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 3 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
FXCM earns 4 out of 5 stars for commissions and fees and ranks 25th out of 63 brokers. Using May 2024 data, average EUR/USD spreads were 0.78 pips for FXCM’s EU, U.K., and Australia entities, while its St. Vincent and the Grenadines entity averaged 1.38 pips. FXCM’s commission-based accounts showed a 0.28-pip core spread (excluding commissions), with an effective cost near 0.74 pips after adding the commission equivalent of about 0.50 pips per round turn. High-volume traders can tap the five-tier Active Trader Rebate Program (not available in the U.K. or EU), which requires at least $10 million in monthly volume and pays $5–$25 per million traded; as an example, a $25,000 balance and $50 million in monthly volume in the U.K. can bring commissions to $2.50 per side ($5 round trip), aligning effective EUR/USD costs with the above averages. As with most brokers, spreads may widen during rollover or unusual market conditions.
MultiBank also scores 4 out of 5 stars for commissions and fees, ranking 39th out of 63 brokers. It offers three account types: Standard (minimum deposit $50, higher spreads), Pro (minimum $1,000, lower spreads), and ECN (minimum $10,000) with the lowest spreads plus a small $3 round-trip commission per trade. Non-trading costs are a consideration at MultiBank: an inactivity fee of $60 per month applies if your account sees no trading activity for 90 days.
Comparing the two, FXCM’s standard spreads trend slightly above the industry average but are clearly defined by region, and its commission-based pricing posts a 0.28-pip core spread with roughly 0.74 pips all-in after commissions. MultiBank’s ECN account pairs tight spreads with a low round-trip commission, but it requires a higher minimum deposit, while its accessible Standard account comes with wider spreads. Active traders who meet volume thresholds may find FXCM’s rebates helpful (availability varies by region), whereas infrequent traders should weigh MultiBank’s inactivity fee when estimating total trading costs.
| Feature |
FXCM
|
MultiBank
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $50 |
| Average Spread EUR/USD - Standard | 0.9 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts [DELETED] | ||
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) [DELETED] | ||
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Looking at range of investments, both FXCM and MultiBank support forex trading, available as CFDs or spot. MultiBank lists 1,042 tradable symbols versus 440 at FXCM, giving MultiBank the broader overall catalog. FXCM, however, offers slightly more forex pairs (46 vs 40). On ForexBrokers.com’s Range of Investments ratings, MultiBank earns 4 out of 5 stars and ranks 38th out of 63 brokers, while FXCM scores 3.5 out of 5 stars and ranks 48th.
Neither broker provides direct access to exchange-traded stocks on U.S. or international exchanges. Both support copy trading and cryptocurrency derivatives. For crypto, the key difference is that MultiBank also lets you buy actual coins, whereas FXCM does not. In short, choose MultiBank for a wider list of instruments and the ability to purchase real crypto, or pick FXCM if your priority is a slightly larger lineup of forex pairs.
| Feature |
FXCM
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 1042 |
| Forex Pairs (Total) | 46 | 40 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | 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.
FXCM and MultiBank both cover the basics traders expect: free demo (paper) accounts, proprietary platforms, Windows desktop software, and web-based trading. Each supports copy trading and MetaTrader 4 (MT4). MultiBank also offers MetaTrader 5 (MT5), while FXCM does not. Both brokers let you place orders straight from the chart. Details for DupliTrade, ZuluTrade, the number of built-in technical indicators, drawing tools, and watch list columns were not provided in the source data.
In independent testing by ForexBrokers.com, FXCM earned 5 stars for Trading Platforms and Tools and ranked 6th out of 63 brokers, while MultiBank earned 4 stars and ranked 40th. If MT5 access matters to you, MultiBank has the edge. If overall platform quality and tools are your top priority based on these ratings, FXCM comes out ahead.
| Feature |
FXCM
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade [DELETED] | ||
| ZuluTrade [DELETED] | ||
| Charting - Indicators / Studies (Total) | 115 | 38 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields [DELETED] |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing FXCM vs MultiBank for mobile trading apps, both brokers offer iPhone and Android apps with price alerts, trendline drawing, auto-saved chart annotations, and real-time quote watchlists. A key difference is watchlist syncing: FXCM syncs your watchlists between the app and your online account, while MultiBank does not.
For charting depth, FXCM provides 59 technical studies compared to MultiBank’s 30, giving FXCM an edge for traders who rely on indicators. In user ratings, FXCM earns 4.5 stars versus MultiBank’s 4 stars. According to ForexBrokers.com’s Mobile Trading Apps rankings out of 63 brokers, FXCM places #16, while MultiBank ranks #42.
| Feature |
FXCM
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 59 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | ||
| Mobile Charting - Trendlines Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing FXCM and MultiBank for market research, FXCM stands out for traders who want more built-in insights. FXCM provides daily market commentary (MultiBank does not), forex news from top-tier sources like Bloomberg and Reuters (both do), and an economic calendar (both do). FXCM also adds Trading Central tools, a sentiment indicator showing long/short positioning, and TipRanks research—none of which are available at MultiBank. Neither broker offers Autochartist. FXCM does not include tools from Acuity Trading.
These differences are reflected in independent ratings: FXCM earns 4.5 out of 5 stars for Research and ranks #11 out of 63 brokers at ForexBrokers.com, while MultiBank scores 3.5 stars and ranks #50. If you want deeper analysis features and sentiment data, FXCM is the stronger choice; if you only need news and a calendar, MultiBank covers the basics.
| Feature |
FXCM
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing FXCM vs MultiBank for beginner-friendly education: both online brokers provide at least 10 beginner trading videos focused on forex and CFDs. FXCM goes further with at least 10 advanced trading videos for more experienced traders, while MultiBank does not. FXCM also runs monthly live educational webinars; MultiBank does not offer monthly webinars. Whether either broker has a searchable archive of recorded webinars, an investor dictionary of 50+ terms, or meets a broader minimum of 10 total forex/CFD education pieces beyond the videos isn’t specified.
On quality, FXCM is rated 4.5/5 for Education and ranks #14 out of 63 brokers, while MultiBank is rated 3.5/5 and ranks #50. For beginners who want videos plus live learning opportunities—and room to grow with advanced topics—FXCM is the stronger pick. If you just need beginner videos, both can work, but FXCM’s higher rating suggests a more complete learning path. If features like webinar archives or a large investing glossary matter to you, check each broker’s website since those details aren’t confirmed here.
| Feature |
FXCM
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | ||
| Webinars | Yes | No |
| Client Webinars (Archived) [DELETED] | ||
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) [DELETED] |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FXCM is better than MultiBank. FXCM finished with an overall rank of #15, while MultiBank finished with an overall rank of #40.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
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MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 84 |
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While both FXCM and MultiBank offer cryptocurrency derivatives, only MultiBank allows users to purchase actual delivered cryptocurrency, setting it apart from FXCM which does not provide this option.
For deposits and withdrawals, both online brokers FXCM and MultiBank support ACH/SEPA, Skrill, and bank wire transfers, but FXCM also accepts PayPal while MultiBank does not, and Visa/Mastercard availability is not specified for either.
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 | FXCM | MultiBank | |
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| Trust Score | 95 | 84 | |
| Winner | check_circle | ||
| Review | FXCM Review | MultiBank Review |
| Broker Screenshots | FXCM | MultiBank | |
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| Regulation | FXCM | MultiBank | |
|---|---|---|---|
| Trust Score | 95 | 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 | 4 | 3 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | FXCM | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | Yes | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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) | FXCM | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FXCM | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 1042 | |
| Forex Pairs (Total) | 46 | 40 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | 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 | FXCM | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.9 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXCM | MultiBank | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | FXCM | MultiBank | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | FXCM | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 115 | 38 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | MultiBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 59 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FXCM | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | MultiBank | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FXCM | 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 | FXCM Review | MultiBank Review |
| Overall | FXCM | MultiBank | |
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| Trust Score | 95 | 84 | |
| Winner | check_circle | ||
| Review | FXCM Review | MultiBank Review |
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