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 offer different pricing structures that may influence traders' decisions based on their individual priorities. FxPro has a higher pricing scheme compared to the industry average, making it potentially less attractive than competitors like Pepperstone or IC Markets. Traders using FxPro’s cTrader platform can benefit from its most competitive spreads, with an effective spread of approximately 1.27 pips for the EUR/USD pair. This combines an average spread of 0.37 pips with a 0.9 pip commission-equivalent. On its MT4 and MT5 platforms, FxPro provides variable spreads, with the EUR/USD pair trading at 1.58 to 1.71 pips depending on execution type. However, FxPro does not offer fixed spreads on MT5. Traders with elite status enjoy discounts of up to 30% in FxPro's Active Trader program, although competitors like FOREX.com, IG, and Saxo may provide more appealing programs. FxPro holds a 4-star rating and ranks 32nd out of 63 brokers for commissions and fees.
MultiBank, on the other hand, offers three distinct account types with varying levels of deposit requirements and associated spreads. The Standard account, while accessible with a $50 minimum deposit, carries higher spreads that might deter even novice traders. The Pro account presents more competitive spreads for a $1,000 minimum deposit, while the ECN account offers the best spreads coupled with a $10,000 minimum deposit and a $3 round-trip trading commission. Notably, MultiBank imposes a $60 monthly inactivity fee if an account remains dormant for 90 days. MultiBank also achieves a 4-star rating for commissions and fees, placing them 38th out of 63 brokers in this category.
When comparing FxPro and MultiBank, traders should consider each broker’s pricing details and account-specific features to determine the best fit for their trading strategy. FxPro might appeal to those who prefer platform versatility and have the capital to benefit from discounts offered to active traders, whereas MultiBank could attract individuals willing to invest more in order to access tighter spreads and lower commission fees. Both brokers maintain competitive standings with 4-star ratings, but the nuances of their pricing structures will ultimately guide trader preferences.
| 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 considering the range of investments, FxPro and MultiBank both offer opportunities in forex trading as CFDs or spot contracts. However, FxPro boasts a wider array of tradeable symbols with 2249 options compared to MultiBank's 1042. For those interested in forex pairs, FxPro also leads with 70 pairs against MultiBank's 40. Although neither broker provides U.S. exchange-traded securities, FxPro gives its clients access to international market securities, such as shares of Vodafone on the London Stock Exchange, whereas MultiBank does not offer trading of non-CFD international exchange securities.
Both brokers allow for copy trading and offer cryptocurrency derivatives, but only MultiBank facilitates the purchase of actual cryptocurrencies. Despite these differences, both FxPro and MultiBank are rated 4 stars for their range of investments. In the rankings by ForexBrokers.com, FxPro holds the 28th position out of 63 brokers for its investment offerings, overshadowing MultiBank, which is placed at 37th. Choosing between them depends largely on your investment preferences, particularly if access to non-CFD international securities and a broader selection of forex pairs align with your trading strategy.
| 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 with a wide array of features on their platforms. Traders will find satisfaction with both, given the availability of virtual demo accounts that help in honing trading skills without financial risks. Each broker offers a proprietary platform developed in-house, along with the widely popular MetaTrader 4 and MetaTrader 5. Windows desktop downloads, as well as convenient web-based platforms, ensure seamless trading experiences across devices. For those interested in copy trading, both FxPro and MultiBank provide opportunities to mirror successful trades from others, though neither supports DupliTrade or ZuluTrade extensions.
When it comes to technical tools, FxPro stands out slightly with more drawing tools for charting, offering 25 compared to MultiBank’s 17. However, MultiBank edges out with a more comprehensive watch list feature, providing an additional column. Both brokers allow trading directly from stock charts, adding an extra layer of convenience. Despite their similarities and equally high ratings of four out of five stars, FxPro is ranked higher in the Trading Platforms and Tools category at #17, while MultiBank is positioned at #39, out of 63 brokers assessed by ForexBrokers.com. This ranking suggests that FxPro might hold a slight advantage concerning platform tools and functionalities.
| 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.
FxPro and MultiBank both offer mobile trading apps for iPhone and Android, enabling traders to stay connected on the go. While both platforms provide essential features like stock and forex price alerts, FxPro edges ahead with its syncing capability that seamlessly integrates watchlists across its mobile app and online account. In terms of charting, FxPro delivers a richer experience with 65 technical studies and trendline drawing capabilities, compared to MultiBank's offering of 30 studies. Although both apps support various timeframes and auto-save drawings, FxPro's ability to maintain a consistently updated watchlist with real-time quotes adds to its appeal.
Overall, FxPro's mobile app is rated 4.5 out of 5 stars, reflecting a user-friendly and efficient trading experience. MultiBank isn't far behind, with a 4-star rating, though it falls short in rank at #41 compared to FxPro's #15 position out of 63 brokers evaluated by ForexBrokers.com. For traders prioritizing comprehensive charting tools and account syncing capabilities, FxPro offers a more versatile 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 it comes to market research offerings, FxPro stands out with its comprehensive suite of tools. FxPro provides daily market commentary, giving traders insights to make informed decisions. They deliver forex news from top-tier sources such as Bloomberg and Reuters, ensuring traders stay updated on market movements. Additionally, FxPro offers technical analysis tools from Trading Central, along with a sentiment-based trading tool that shows the ratio of long or short positions, helping traders gauge market sentiment. Their economic calendar also helps traders stay informed about global news events. As a result, FxPro earns a solid 4-star rating for research and ranks #26 in the category out of 63 brokers according to ForexBrokers.com.
In comparison, MultiBank offers forex news from reputable sources and provides an economic calendar but misses out on some of the advanced tools offered by FxPro. For instance, MultiBank does not provide access to Trading Central's tools or a sentiment-based trading tool, which could be a disadvantage for those seeking more in-depth market analysis. Consequently, MultiBank receives a 3.5-star rating for research and ranks #49 out of 63 brokers in the same category by ForexBrokers.com. While both brokers provide solid data, FxPro's broader range of research tools may give traders a more comprehensive overview of market conditions.
| 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 comparing the educational resources available to beginners at FxPro and MultiBank, you'll find both brokers provide a selection of helpful materials to get started in the world of forex and CFD trading. FxPro offers a rich collection of more than ten educational pieces, including articles and videos, that cater specifically to beginner traders. They also have an investor dictionary with over 50 trading terms, helping users familiarize themselves with industry jargon. On the other hand, MultiBank matches FxPro in offering more than ten beginner-friendly videos as well as a variety of general educational content, though it lacks a comprehensive investor dictionary like FxPro's.
Although both brokers abstain from hosting ongoing educational webinars each month, FxPro sets itself apart by providing a searchable archive of previously recorded webinars for users to access at their convenience. MultiBank does not offer this feature, which may limit the flexibility of its educational resources. In terms of education ratings, FxPro scores slightly higher with 4 stars compared to MultiBank's 3.5 stars. Based on rankings by ForexBrokers.com out of 63 brokers, FxPro is positioned at #18, significantly ahead of MultiBank, which is ranked at #50. This positions FxPro as a preferred choice for beginners seeking solid educational support in their trading journey.
| 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 63 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
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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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