Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
When comparing online brokers FxPro and MultiBank, regulatory information plays a crucial role. Founded in 2006, FxPro holds two Tier-1 licenses, indicating a high level of trust, and one Tier-2 license. This regulatory framework contributes to its high Trust Score of 93 out of 99 as rated by ForexBrokers.com. Despite not being publicly traded, FxPro stands out as a bank, further enhancing its credibility in the financial markets.
MultiBank, established in 2005, also holds multiple licenses, including three Tier-1 highly trusted licenses and one Tier-2 license. However, unlike FxPro, MultiBank is not a bank and is not publicly traded. With a Trust Score of 84 out of 99, it is considered a trusted entity by ForexBrokers.com but sits slightly lower on the trust scale compared to FxPro. These distinctions highlight the varying degrees of regulatory trust and institutional background between the two brokers.
| Feature |
FxPro
|
MultiBank
|
|---|---|---|
| Year Founded | 2006 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
FxPro and MultiBank share a similar star rating of 4 for their commissions and fees, yet they hold distinct positions when it comes to trader preferences. FxPro ranks 32nd out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com, placing it slightly ahead of MultiBank, which ranks 38th. FxPro's pricing is generally higher than the industry average, which can be a drawback compared to competitors that also offer comprehensive MetaTrader and cTrader suites. FxPro provides traders with various options through its platforms, such as variable and fixed spreads on MT4 and competitive commission-based pricing on cTrader. However, the spread for trading the EUR/USD pair on FxPro's cTrader is about 1.27 pips, including a 0.9 pip commission-equivalent, placing its pricing on the higher end.
MultiBank, on the other hand, offers three account types that cater to different levels of traders: Standard, Pro, and ECN. The Standard account is accessible with a $50 minimum deposit but comes with higher spreads, making it less appealing unless you are a beginner. The Pro account offers lower spreads and requires a $1,000 minimum deposit, while the ECN account presents the lowest spreads and entails a $10,000 minimum deposit along with a modest round-trip commission of $3 per trade. An inactivity fee of $60 per month applies if the account remains dormant for 90 days, which is an important consideration for traders.
In terms of execution and trading conditions, FxPro offers flexible options like instant and market execution, with no minimum distance for stop and limit orders on cTrader. Though its Active Trader program offers discounts up to 30% for its Elite account, it still falls short compared to similar offerings by top competitors. MultiBank's fee structure is straightforward, rewarding higher deposits with better trading terms. Each broker presents a distinct set of advantages depending on the trader’s needs and investment levels.
| Feature |
FxPro
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | 1.51 | N/A |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | 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 comparing FxPro and MultiBank's range of investments, both brokers offer forex trading through CFDs or spot contracts, ensuring flexibility for traders. FxPro shines with 2,249 tradeable symbols, significantly surpassing MultiBank's 1,042 options. In the realm of forex pairs, FxPro also takes the lead, offering 70 pairs compared to MultiBank's 40. Although neither broker provides access to U.S. exchange-traded securities, FxPro distinguishes itself by offering them on international exchanges, like the London Stock Exchange, a feature MultiBank lacks.
Both brokers support copy trading, lending an opportunity for users to mimic successful trades. In the cryptocurrency realm, MultiBank permits buying actual cryptocurrencies, unlike FxPro, which only offers derivatives. Despite these differences, both platforms earn a four-star rating for their range of investments, though they are ranked differently by ForexBrokers.com, with FxPro at #28 and MultiBank at #37 out of 62 brokers. These rankings reflect the slight edge FxPro holds in terms of diversified investment options and global market engagement.
| Feature |
FxPro
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 1042 |
| Forex Pairs (Total) | 70 | 40 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
FxPro and MultiBank both cater to traders by offering comprehensive trading platforms and tools. Both brokers provide free virtual demo accounts, allowing users to simulate trading without financial risk, making it ideal for beginners or those wanting to test strategies. Proprietary platforms are available from both, enabling traders to enjoy unique experiences tailored in-house by each broker. For those who prefer conventional platforms, both brokers also support MetaTrader 4 and MetaTrader 5, alongside a Windows-based desktop download and a web-based option, providing flexibility in how trading activities can be conducted.
When it comes to specific functionalities, both FxPro and MultiBank offer copy trading and the ability to execute trades directly from stock charts. However, none of them support DupliTrade or ZuluTrade. For charting, FxPro stands out with 25 drawing tools compared to MultiBank's 17, although neither has a specified count for technical indicators. Watch list customization sees MultiBank with an edge, offering seven columns to FxPro's six. Even though both brokers score a respectable four stars for their trading platforms and tools, FxPro is ranked higher at 17th position, compared to MultiBank's 39th, according to ForexBrokers.com.
| Feature |
FxPro
|
MultiBank
|
|---|---|---|
| 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) | 53 | 38 |
| Charting - Drawing Tools (Total) | 25 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FxPro and MultiBank offer mobile trading apps for iPhone and Android, providing traders with the convenience of trading on the go. They both provide stock or forex price alerts and feature the ability to draw trendlines on charts, allowing traders to keep up with market trends efficiently. However, FxPro stands out when it comes to technical analysis, offering 65 technical studies within its app compared to MultiBank's 30. Both platforms permit viewing multiple time frames and offer real-time quote watchlists, ensuring that traders have access to up-to-date market data.
While both apps are highly functional, FxPro takes a slight lead in user experience with features like watchlist symbol syncing, meaning changes made in the app reflect online. This is something MultiBank's app lacks. Moreover, FxPro's mobile app has received a higher user rating of 4.5 stars compared to MultiBank's 4 stars. It's also ranked #15 by ForexBrokers.com, whereas MultiBank comes in at #41 out of 62 brokers in the Mobile Trading Apps category. This suggests that while both apps are reliable, FxPro provides a more comprehensive mobile trading experience.
| Feature |
FxPro
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 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, FxPro stands out in several key areas over MultiBank. FxPro offers daily market commentary, providing insights and updates that could be crucial for informed trading decisions. They also supplement traders with forex news from top-tier sources such as Bloomberg and Reuters, just like MultiBank. However, FxPro goes a step further with tools from Trading Central, enabling technical analysis that MultiBank does not offer. Moreover, FxPro enhances trading strategies with a sentiment-based tool displaying long and short positions across currency pairs, a feature absent in MultiBank's offerings.
Both FxPro and MultiBank provide access to an economic calendar, showcasing global economic events. While neither broker includes market research tools from Autochartist, TipRanks, or Acuity Trading, FxPro's comprehensive offerings make it a stronger choice for traders interested in thorough market analysis. This distinction is reflected in their research ratings and rankings; FxPro earns a solid 4 stars and ranks 26 out of 62 brokers, while MultiBank receives 3.5 stars and ranks 49. These details underscore FxPro's edge in delivering a more informative trading experience compared to MultiBank.
| Feature |
FxPro
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | 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, FxPro and MultiBank both offer a wide array of basic content. Each provides at least 10 educational pieces focused on forex or CFDs, including articles and videos, making it easier for newcomers to understand the basics of trading. Both brokers also provide beginner-friendly videos that simplify trading topics, ensuring that novices can grasp essential concepts effectively. However, neither offers live educational webinars, which might be a drawback for those who prefer real-time learning and interaction.
FxPro has an edge over MultiBank with a searchable archive of recorded webinars, which is absent in MultiBank's offerings. Additionally, FxPro provides an investor dictionary with over 50 investing terms, aiding beginners in building a strong vocabulary in the trading world. This focus on comprehensive educational tools is reflected in FxPro's higher ranking and rating, receiving 4 stars out of 5 and ranking #18 out of 62 brokers. In contrast, MultiBank holds a 3.5-star rating and is ranked #50, indicating a slightly less comprehensive educational framework.
| Feature |
FxPro
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FxPro is better than MultiBank. FxPro finished with an overall rank of #21, while MultiBank finished with an overall rank of #40.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 84 |
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While both FxPro and MultiBank allow investors to trade cryptocurrency derivatives, only MultiBank offers the option to purchase actual delivered cryptocurrency, unlike FxPro which does not provide this feature.
FxPro and MultiBank both support ACH/SEPA transfers, Skrill, Visa/Mastercard, and bank wires for depositing and withdrawing funds, but only FxPro offers PayPal as an additional option.
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 | FxPro | MultiBank | |
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| Trust Score | 93 | 84 | |
| Winner | check_circle | ||
| Review | FxPro Review | MultiBank Review |
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| Regulation | FxPro | MultiBank | |
|---|---|---|---|
| Trust Score | 93 | 84 | |
| Year Founded | 2006 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | FxPro | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | Yes | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | FxPro | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FxPro | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 1042 | |
| Forex Pairs (Total) | 70 | 40 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | N/A | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FxPro | MultiBank | |
|---|---|---|---|
| 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 38 | |
| Charting - Drawing Tools (Total) | 25 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | MultiBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 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 | FxPro | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FxPro | 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 | FxPro Review | MultiBank Review |
| Overall | FxPro | MultiBank | |
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| Trust Score | 93 | 84 | |
| Winner | check_circle | ||
| Review | FxPro Review | MultiBank Review |
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