Written by ForexBrokers.com
In this head to head comparison of MultiBank vs FXPrimus, 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, founded in 2005, and FXPrimus, established in 2009, are both online brokers not listed on any stock exchange and don't operate as banks. When it comes to regulatory status, MultiBank seems to have an edge with its three Tier-1 licenses, which are highly trusted according to ForexBrokers.com. Additionally, it holds one Tier-2 license, adding to its credibility. Conversely, FXPrimus maintains a more moderate stance with just one Tier-1 license and no Tier-2 licenses.
Regarding trustworthiness, MultiBank boasts a Trust Score of 84, placing it in the 'trusted' category. FXPrimus, on the other hand, holds a Trust Score of 71, categorizing it as 'average risk.' These scores reflect MultiBank's stronger regulatory coverage compared to FXPrimus, which might be a crucial consideration for potential traders weighing their options between these two brokers.
| Feature |
MultiBank
|
FXPrimus
|
|---|---|---|
| Year Founded | 2005 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing MultiBank and FXPrimus for their commissions and fees, both brokers have their own unique offerings and ratings. MultiBank provides three account options: Standard, Pro, and ECN. The Standard account, with a $50 minimum deposit, has higher spreads, making it less appealing unless you're completely new to trading. For those willing to invest more, the Pro account requires a $1,000 deposit but comes with reduced spreads. For the best rates, MultiBank's ECN account attracts traders with its lowest spreads and charges a $3 commission per trade for a $10,000 deposit. However, keep in mind that MultiBank enforces a $60 monthly inactivity fee if you don't trade within 90 days.
FXPrimus, on the other hand, does not publicly disclose its average spread data, making their commission structure somewhat less transparent compared to MultiBank. While both brokers have similar ratings of 4 stars for commissions and fees according to ForexBrokers.com, they are ranked differently within the platform's list. MultiBank is ranked 38th out of 62 brokers in the Commissions and Fees category, whereas FXPrimus is ranked 42nd, which might influence your choice depending on the importance of rankings and transparency in your trading decisions.
| Feature |
MultiBank
|
FXPrimus
|
|---|---|---|
| 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 | No |
| 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.
MultiBank and FXPrimus both offer forex trading through CFDs, making them accessible to traders looking to explore the currency market. MultiBank stands out with an impressive 1,042 tradeable symbols, although it provides slightly fewer forex pairs at 40 compared to FXPrimus's 42. Neither broker allows clients to purchase exchange-traded securities on U.S. or international exchanges, so traders looking to invest in companies like Apple or Vodafone will need to consider other options.
When it comes to cryptocurrency, MultiBank offers the ability to buy actual cryptocurrencies, giving it an edge over FXPrimus, which only offers cryptocurrency derivatives. Both brokers support copy trading, allowing users to replicate the investment strategies of others. In terms of overall offerings, MultiBank receives a higher rating of four stars for its range of investments compared to FXPrimus's 3.5 stars, and is ranked 37th out of 62 brokers, while FXPrimus is ranked 59th in the same category according to ForexBrokers.com.
| Feature |
MultiBank
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 140 |
| Forex Pairs (Total) | 40 | 42 |
| 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 it comes to exploring trading platforms and tools, both MultiBank and FXPrimus provide a rich array of features that cater to various trading needs. Each offers simulated trading with a free virtual demo account, allowing new and experienced traders to practice without risk. Furthermore, both brokers have developed their own proprietary platforms while also supporting the popular MetaTrader 4 and MetaTrader 5 platforms. Traders can utilize Windows-based desktop downloads and web-based platforms across both services. Each broker also allows the benefit of copy trading, making it easier to mirror successful trades.
While both MultiBank and FXPrimus excel in many areas, there are some subtle differences when it comes to charting tools and customization. MultiBank provides 17 drawing tools, slightly edging out FXPrimus, which offers 15. Both brokers allow trading directly from stock charts and offer seven columns for watch lists. Despite these similarities, their rankings differ, with MultiBank being placed higher at #39 compared to FXPrimus' #49 in the Trading Platforms and Tools category by ForexBrokers.com. However, when rated out of five stars, both brokers score equally with four stars, making them favorable options for traders seeking comprehensive trading platforms.
| Feature |
MultiBank
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary 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) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| 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.
MultiBank and FXPrimus both offer strong mobile options for traders using iPhone and Android devices. Each provider ensures a comprehensive trading experience with features like price alerts, the ability to draw trendlines, and access to various time frames. With 30 technical studies available for charting and auto-saving capabilities for chart drawings, both brokers promise a sophisticated, yet user-friendly platform. Real-time quotes enhance the ability of traders to create watchlists, offering an added layer of convenience. However, it's worth noting that neither app currently supports syncing watchlist symbols between the mobile app and online account.
On the ratings front, both MultiBank and FXPrimus earn an average rating of four out of five stars for their mobile trading apps, highlighting their reliability among online brokers. Despite similar customer feedback, MultiBank secures a slightly better ranking, placing 41st out of 62 brokers, whereas FXPrimus ranks 48th according to ForexBrokers.com. This slight difference in rank might inform user choice, but each broker delivers a solid mobile trading solution that is equipped with essential tools for active market participants.
| Feature |
MultiBank
|
FXPrimus
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of MultiBank and FXPrimus, several key differences stand out. FXPrimus provides daily market commentary, which is beneficial for traders looking for regular updates on market trends. On the other hand, MultiBank doesn't offer this service. However, MultiBank makes up for it by providing forex news from top-tier sources like Bloomberg and Reuters, resources that FXPrimus doesn't offer. Both brokers lack technical analysis tools from companies like Autochartist and Trading Central, as well as sentiment-based trading tools and research from TipRanks or Acuity Trading.
Both MultiBank and FXPrimus provide an economic calendar showcasing global news events, helping traders stay informed about upcoming economic developments that might impact the market. In terms of research ratings, MultiBank scores slightly higher with 3.5 stars compared to FXPrimus's 3 stars. Furthermore, in a ranking of 62 brokers by ForexBrokers.com, MultiBank is placed at #49, while FXPrimus is positioned at #58, reflecting MultiBank's modestly better standing in research offerings.
| Feature |
MultiBank
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at MultiBank and FXPrimus, both brokers provide a solid foundation with a range of educational content aimed at helping newcomers to forex and CFDs. MultiBank offers a wide array of more than 10 educational pieces, including articles and videos, specifically tailored for beginners. This includes over 10 beginner-friendly videos focusing on essential trading topics. However, MultiBank does not provide online educational webinars or a searchable archive of recorded sessions, which may limit interactive learning opportunities.
On the other hand, FXPrimus matches MultiBank in providing more than 10 educational pieces on forex and CFDs, though it falls short in offering beginner-specific videos. But, FXPrimus excels with its monthly online educational webinars and a searchable archive, enabling users to revisit past sessions for continued learning. Despite their strengths, both brokers do not offer a comprehensive investor dictionary or advanced trading videos, focusing instead on beginner resources. According to ForexBrokers.com, MultiBank scores a slightly higher educational rating of 3.5 out of 5 stars, while FXPrimus scores 3 stars, placing them at ranks #50 and #51 respectively out of 62 brokers.
| Feature |
MultiBank
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that MultiBank is better than FXPrimus. MultiBank finished with an overall rank of #40, while FXPrimus finished with an overall rank of #53.
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
|
FXPrimus
|
|---|---|---|
| Overall Rating |
|
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| Trust Score | 84 | 71 |
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MultiBank provides the option to buy both actual delivered cryptocurrency and cryptocurrency derivatives, whereas FXPrimus only offers the ability to trade cryptocurrency derivatives, not the actual cryptocurrency.
When comparing online brokers MultiBank and FXPrimus regarding funding options, MultiBank supports ACH or SEPA transfers while FXPrimus does not, both offer Skrill and Visa/Mastercard, neither provides PayPal, and both allow bank wire 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 | FXPrimus | |
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| Trust Score | 84 | 71 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | FXPrimus | |
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| Regulation | MultiBank | FXPrimus | |
|---|---|---|---|
| Trust Score | 84 | 71 | |
| Year Founded | 2005 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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) | No | No |
| Investments | MultiBank | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 140 | |
| Forex Pairs (Total) | 40 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Proprietary 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) | Yes | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | MultiBank | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | MultiBank | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | MultiBank | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 84 | 71 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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