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 in terms of commissions and fees, both brokers maintain a competitive stance with a 4-star rating each. MultiBank offers three distinct account types: Standard, Pro, and ECN. The Standard account requires a minimum deposit of $50 but is accompanied by higher spreads, making it potentially more suitable for those just starting out. The Pro account, with a $1,000 deposit requirement, offers lower spreads, while the ECN account presents the lowest spreads along with a round-trip commission of $3 per trade, though it demands a hefty $10,000 minimum deposit.
FXPrimus, while maintaining a similar 4-star rating, doesn't provide average spread data, which might make it a bit challenging for prospective users to gauge its competitive edge in spread-based fees. Without clear data on average spreads, it becomes pivotal for potential users to consider other attributes and personal preferences when choosing between these two brokers.
In terms of ranking, MultiBank is placed at #38 out of 63 brokers in the Commissions and Fees category by ForexBrokers.com, slightly ahead of FXPrimus, which is ranked #42. When considering non-trading fees, MultiBank charges a monthly inactivity fee of $60 if there is no trading activity for 90 consecutive days. Overall, both brokers offer solid choices for traders, but MultiBank slightly edges ahead with its transparent fee structure and variety of account options.
| 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.
When it comes to investment options, MultiBank offers a wider selection compared to FXPrimus, making it more appealing for those who prefer a broad range of choices. MultiBank provides access to 1,042 tradeable symbols, significantly outpacing FXPrimus, which offers 140 symbols. While both brokers allow trading of forex pairs as CFDs or spot contracts, MultiBank lists 40 pairs, slightly fewer than FXPrimus's 42. Neither MultiBank nor FXPrimus offers exchange-traded securities on U.S. or international exchanges, which means investors looking to purchase shares directly, such as Apple or Vodafone, won't find those opportunities with these brokers.
In terms of cryptocurrency, MultiBank stands out by enabling the purchase of actual cryptocurrencies, in addition to cryptocurrency derivatives, whereas FXPrimus only supports trading in cryptocurrency derivatives. Both brokers support copy trading, a service valued by users who wish to follow and emulate successful traders. MultiBank's broader range of offerings is reflected in its 4-star rating for Range of Investments, as opposed to FXPrimus's 3.5-star rating. Additionally, MultiBank ranks #37 among 63 brokers in this category, ahead of FXPrimus, which is ranked #59, highlighting MultiBank's stronger appeal for investors seeking diversity in their trading portfolio.
| 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.
MultiBank and FXPrimus both offer comprehensive trading platforms and tools to cater to the needs of their clients. Both brokers provide simulated trading options via free virtual demo accounts, allowing users to practice and gain familiarity with their platforms. They each offer proprietary platforms developed in-house, alongside widely recognized software like MetaTrader 4 and MetaTrader 5, ensuring a tailored and versatile trading experience. Traders can access Windows-based desktop platforms and web-based interfaces across both brokers, providing flexibility for different trading preferences. Additionally, both MultiBank and FXPrimus support copy trading, adding further diversity to their service offerings.
When it comes to charting tools, MultiBank offers 17 drawing tools, while FXPrimus provides 15, indicating slight variations in their charting capabilities. Both brokers enable direct trading from stock charts and offer similar watch list functionalities with seven columns each. Although both are rated four stars for their trading platforms and tools, MultiBank holds a slightly better ranking at #39 compared to FXPrimus at #49 out of 63 brokers, according to ForexBrokers.com. This reflects a subtle difference in their overall appeal to traders seeking comprehensive and efficient trading solutions.
| 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.
Both MultiBank and FXPrimus provide convenient mobile trading solutions with apps available for both iPhone and Android users. Traders can stay updated with stock and forex price alerts and enjoy the flexibility of creating watchlists with real-time quotes. While both platforms lack the ability to sync watchlist symbols between the app and the online account, they each offer a suite of 30 technical studies to aid with charting analysis. Users can draw trendlines and switch between various time frames, such as daily, weekly, or intraday, with ease. Additionally, the auto-save function for drawings ensures that important annotations are preserved for future reference.
Despite the similar features in their mobile offerings, MultiBank is ranked slightly higher by ForexBrokers.com, coming in at #41 compared to FXPrimus’s rank of #48 out of 63 brokers. However, when it comes to user satisfaction, both apps score evenly with a solid four-star rating. This makes them competitive choices for traders seeking effective mobile trading tools, allowing for informed decision-making on the go.
| 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 online brokers MultiBank and FXPrimus, it is clear that each has unique strengths. MultiBank provides its users with forex news from highly reputable sources like Bloomberg and Reuters, ensuring that traders have access to high-quality information from the financial industry's top players. On the other hand, FXPrimus offers daily market commentary, which can be invaluable for traders looking for insights and analysis on a day-to-day basis. Both brokers provide an economic calendar that helps keep traders informed about important global news events impacting various economies.
Neither MultiBank nor FXPrimus supports technical analysis tools from companies like Autochartist or Trading Central, nor do they offer sentiment-based trading tools or research from TipRanks and Acuity Trading. In terms of ratings, MultiBank earns a 3.5-star rating for research with a ranking of 49th out of 63 brokers, while FXPrimus receives a 3-star rating, placing 58th. This suggests that while FXPrimus offers daily market commentary, MultiBank is generally seen as having slightly better research offerings overall.
| 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 it comes to educational resources for beginners, both MultiBank and FXPrimus offer a range of materials to get started with forex and CFDs trading. MultiBank shines by providing over ten beginner educational videos that cater specifically to newcomers. These resources make it easier for beginners to grasp the basics of trading. FXPrimus, while also offering at least ten educational pieces focused on forex and CFDs, falls short in the beginner video department.
FXPrimus, however, has the edge over MultiBank with its commitment to monthly online webinars and a library of previous sessions that are easy to access. These webinars can be particularly helpful for those who prefer live interaction and real-time insights. In contrast, MultiBank does not offer webinars or a recorded archive for clients. Neither broker provides an investor dictionary or has extensive advanced educational videos. In terms of ratings, MultiBank edges slightly ahead with 3.5 stars for Education, compared to FXPrimus's 3 stars, and is ranked 50th out of 63 brokers in the Education category, just ahead of FXPrimus at 51st.
| 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 63 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 |
| Range of Investments |
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| Platforms & Tools |
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| Research |
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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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