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 offer comprehensive trading platforms suitable for a variety of traders. Both brokers provide the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, along with their own proprietary platforms. They support trading on Windows-based desktop platforms and web browsers, and they offer free virtual demo accounts for practice trading. This flexibility caters to traders who prefer different devices or trading environments. Additionally, both brokers support copy trading, enabling users to follow and replicate successful trading strategies.
When it comes to charting features, FxPro stands out for its offering of 25 drawing tools, while MultiBank has 17. Both brokers offer the ability to trade directly from stock charts, streamlining the trading experience. Additionally, they provide multiple fields for watch lists, with FxPro offering 6 and MultiBank providing 7. Both receive four-star ratings for their trading platforms and tools. However, FxPro ranks higher in the Trading Platforms and Tools category at 18th out of 62 brokers, compared to MultiBank's ranking of 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 FxPro and MultiBank for market research, FxPro stands out by offering daily market commentary and news from top-tier sources like Bloomberg and Reuters. While both brokers provide forex news from leading outlets, FxPro enhances its offerings with trading tools from Trading Central, enabling a more comprehensive analysis of market trends. Additionally, FxPro includes a sentiment-based trading tool, which helps traders evaluate the market mood by displaying the ratio of long and short positions across various instruments. On the other hand, MultiBank does not provide such sentiment tools, giving FxPro an edge in market insight capabilities.
Both FxPro and MultiBank offer an economic calendar to keep traders informed about global economic events, but differences in their research offerings lead to varied reviews. FxPro receives a higher research rating of four stars, compared to MultiBank's 3.5 stars. This distinction is reflected in their rankings on ForexBrokers.com, where FxPro is placed at 27th out of 62 brokers, significantly ahead of MultiBank, which is ranked 49th. These differences highlight the depth of market insights provided by FxPro, making it more appealing to traders seeking an extensive suite of research tools.
| 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 for beginners between FxPro and MultiBank, both online brokers offer a variety of materials focused on forex and CFDs, including over 10 educational pieces such as articles, videos, and archived webinars. However, while both brokers have plenty of beginner-friendly videos, FxPro stands out with a searchable archive of past webinars, providing an added layer of learning flexibility for new traders. Additionally, FxPro boasts a comprehensive investor dictionary with over 50 investing terms, which can be a helpful tool for understanding the jargon associated with trading.
Neither FxPro nor MultiBank offers regular live educational webinars. Despite this, FxPro earns a higher rating regarding educational offerings, receiving four stars compared to MultiBank's 3.5 stars. They also hold a more favorable position in broker rankings for education, with FxPro listed at #17 and MultiBank at #50 out of 62 brokers reviewed by ForexBrokers.com. For those beginning their trading journey, FxPro might offer a more enriched educational experience, largely due to their comprehensive range of resources and better overall ratings.
| 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 |
| Broker Screenshots | FxPro | MultiBank | |
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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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