Written by ForexBrokers.com
In this head to head comparison of MultiBank vs FXGT.com, 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 FXGT.com, founded in 2019, are both online brokers offering trading services without being listed as publicly traded companies or functioning as traditional banks. With trust playing a vital role in choosing a broker, MultiBank and FXGT.com differ in their regulatory credentials, as recognized by ForexBrokers.com. MultiBank boasts a Trust Score of 84, categorizing it in the 'trusted' range thanks to its three Tier-1 licenses and one Tier-2 license. In contrast, FXGT.com holds a Trust Score of 69, falling under 'high risk,' with regulatory backing of one Tier-1 and one Tier-2 license.
Both brokers provide trading platforms under secure and regulated environments; however, the distinction in their Trust Scores and regulatory backing highlights different levels of oversight. MultiBank's solid regulatory framework offers traders a more reliable environment according to industry ratings, while FXGT.com provides a suitable, albeit riskier, option for those more inclined toward exploring newer market entrants. Understanding these differences helps traders make informed decisions based on trust ratings and regulatory assurances.
| Feature |
MultiBank
|
FXGT.com
|
|---|---|---|
| Year Founded | 2005 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
When comparing online brokers MultiBank and FXGT.com in terms of commissions and fees, notable differences arise. MultiBank has a structured approach, offering three account types: Standard, Pro, and ECN. The Standard account, with a low $50 minimum deposit, is considered less favorable due to its higher spreads. For more cost-effective trading, the Pro account is preferable, requiring a $1,000 minimum and offering better spreads. For those seeking the most competitive rates, MultiBank’s ECN account requires a $10,000 deposit and charges a minimal $3 round-trip commission per trade. However, it's worth noting that MultiBank imposes a $60 monthly inactivity fee if no trades are made for 90 days. Rated 4 stars out of 5 for its commission and fee structure, MultiBank ranks #38 among 63 brokers.
On the other hand, FXGT.com lacks available data on average spreads, complicating a definitive comparison on cost efficiency with MultiBank. With a 3.5-star rating for its commission and fee offerings, FXGT.com holds a slightly lower ranking of #56 out of the same group of 63 brokers. This suggests a need for potential traders to carefully consider what specific fee structures and account benefits align with their trading goals.
| Feature |
MultiBank
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $50 | $5 |
| 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 | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When considering MultiBank and FXGT.com for online trading, investors will find varying options in their range of investments. MultiBank stands out with an impressive 1,042 tradeable symbols compared to FXGT.com's 117. Both platforms offer the possibility to trade forex as a CFD or spot contract, with MultiBank providing 40 forex pairs while FXGT.com offers 53. Neither broker offers exchange-traded securities on U.S. or international exchanges, limiting options for those looking to invest in traditional stocks such as Apple or Vodafone. However, both brokers do support copy trading features, which can appeal to those interested in mirroring experienced traders.
For cryptocurrency enthusiasts, MultiBank provides the edge by allowing the purchase of actual cryptocurrencies, a feature FXGT.com lacks. Both platforms, however, offer crypto derivatives as an alternative. When rated on their range of investments, MultiBank scores higher with four stars, ranking #37 among 63 brokers, whereas FXGT.com trails behind with three stars and a ranking of #61. These differences highlight MultiBank's broader array of investment options, which can be crucial for traders seeking more diverse opportunities.
| Feature |
MultiBank
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 117 |
| Forex Pairs (Total) | 40 | 53 |
| 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 | 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 considering trading platforms and tools, both MultiBank and FXGT.com provide a wide range of options for traders of all levels. Both brokers offer simulated trading with free virtual demo accounts, allowing users to practice without financial risk. MultiBank stands out with its proprietary platform, which is developed in-house; this is an extra feature that FXGT.com does not provide. But both brokers offer popular MetaTrader platforms (MT4 and MT5) and web-based and Windows desktop trading platforms, ensuring versatility in trading experiences. For those interested in copy trading, both brokers facilitate this option. Additionally, they both support trading directly from stock charts, providing ease of use for traders. However, neither MultiBank nor FXGT.com offers DupliTrade or ZuluTrade.
In terms of charting tools, there is a noticeable difference in the number of drawing tools available: MultiBank offers 17, while FXGT.com offers a more extensive 23 tools. When it comes to watch lists, MultiBank presents more customization with seven columns available compared to FXGT.com's five. Despite these differences, both brokers have received a sound four-star rating for their trading platforms and tools. However, their rankings differ on ForexBrokers.com, with MultiBank positioned at #39 out of 63, whereas FXGT.com sits considerably lower at #56. These distinctions may guide traders in determining which broker best suits their specific trading needs and preferences.
| Feature |
MultiBank
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 38 | 37 |
| Charting - Drawing Tools (Total) | 17 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of MultiBank and FXGT.com, both brokers cater to iPhone and Android users, offering essential features for trading on the go. Users can receive stock or forex price alerts, draw trendlines on charts, and view multiple time frames on both apps. While they each provide 30 technical studies in their charting tools and enable users to auto-save drawings, FXGT.com stands out with watchlist symbol syncing, allowing changes made on their mobile app to sync seamlessly with their online accounts. This feature is absent in MultiBank's mobile app but they still offer the ability to create watchlists with real-time quotes, similar to FXGT.com.
Despite some similar functionalities, MultiBank slightly edges out FXGT.com in user ratings, scoring 4 out of 5 stars compared to FXGT.com's 3.5 stars. This difference is reflected in their rankings by ForexBrokers.com, where MultiBank is positioned at #41 out of 63 brokers in the Mobile Trading Apps category, ahead of FXGT.com at #58. Although MultiBank's app may have higher ratings, FXGT.com's app offers the convenience of syncing watchlists across platforms, providing a significant advantage for those who value seamless integration between desktop and mobile trading environments.
| Feature |
MultiBank
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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 market research capabilities, MultiBank and FXGT.com present distinct offerings. MultiBank distinguishes itself by providing forex news from industry-leading sources like Bloomberg and Reuters, making it a valuable option for those who prioritize access to premium information. Also, both brokers offer economic calendars that track current and upcoming global news events. However, MultiBank does not offer daily market commentary nor utilize renowned research tools such as Autochartist or Trading Central, which is also true for FXGT.com.
In contrast, FXGT.com stands out by offering a sentiment-based trading tool that reveals the ratio of long or short positions across various instruments—a feature not available with MultiBank. While neither broker shines with comprehensive market research tools from other companies like Acuity Trading or TipRanks, FXGT.com receives a slightly lower research rating of 3 stars compared to MultiBank’s 3.5 stars. Consequently, MultiBank ranks higher at #49 in ForexBrokers.com’s research category, whereas FXGT.com sits at #56 among 63 brokers.
| Feature |
MultiBank
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| 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, MultiBank and FXGT.com offer different options. MultiBank provides a library of more than 10 educational pieces, including articles and videos focused on forex and CFDs. This is a helpful resource for newcomers looking to get acquainted with trading basics. Moreover, MultiBank features over 10 beginner-aimed videos that dive into trading topics specifically for those just starting their journey in the financial markets. While MultiBank doesn't offer live client webinars or a webinar archive, it still holds a slight edge with a rating of 3.5 stars for its educational offerings, securing the 50th spot out of 63 brokers surveyed by ForexBrokers.com.
FXGT.com, on the other hand, lacks a comprehensive collection of educational materials tailored for beginners, offering fewer than 10 resources on forex and CFDs. However, it compensates by providing an investor dictionary with over 50 terms, which can be a handy tool for those unfamiliar with trading jargon. Like MultiBank, FXGT.com does not provide client webinars or an archived collection of past webinars. While its educational content earns 3 stars and ranks 60th among 63 brokers, its dictionary might prove beneficial for learning new investment-related vocabulary.
| Feature |
MultiBank
|
FXGT.com
|
|---|---|---|
| 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 FXGT.com. MultiBank finished with an overall rank of #40, while FXGT.com finished with an overall rank of #59.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 69 |
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MultiBank allows users to purchase actual cryptocurrency (delivered) and also offers cryptocurrency derivatives, whereas FXGT.com provides the option to trade cryptocurrency derivatives but does not support the purchase of actual cryptocurrency (delivered).
Both MultiBank and FXGT.com offer ACH or SEPA transfers, Visa or Mastercard, and bank wires for depositing or withdrawing account funds, but only MultiBank provides the additional option of using Skrill, whereas neither supports PayPal.
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 | FXGT.com | |
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| Trust Score | 84 | 69 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | FXGT.com | |
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| Regulation | MultiBank | FXGT.com | |
|---|---|---|---|
| Trust Score | 84 | 69 | |
| Year Founded | 2005 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | FXGT.com | |
|---|---|---|---|
| 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | MultiBank | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | MultiBank | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 117 | |
| Forex Pairs (Total) | 40 | 53 | |
| 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 | 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 | MultiBank | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | MultiBank | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $50 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | MultiBank | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | MultiBank | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 38 | 37 | |
| Charting - Drawing Tools (Total) | 17 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | MultiBank | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 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 | MultiBank | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
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| Trust Score | 84 | 69 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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