Written by ForexBrokers.com
In this head to head comparison of HFM 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 considering online brokers, HFM and MultiBank are two well-known names, each with its own strengths in regulatory compliance. Founded in 2010, HFM holds 2 Tier-1 licenses and 3 Tier-2 licenses, securing a trust score of 86 out of 99 from ForexBrokers.com. This suggests that HFM is trusted, though not the highest tier of trust, according to the rating criteria. Despite not being publicly traded or a bank, HFM demonstrates a strong commitment to client security through its regulatory standing.
On the other hand, MultiBank, established in 2005, also features prominently on the regulatory front. It boasts 3 Tier-1 licenses, further reinforcing its regulatory stature, and has a trust score of 84. Like HFM, it is neither publicly listed nor operates as a bank. Despite having fewer Tier-2 licenses—just 1 compared to HFM's 3—MultiBank's additional Tier-1 license positions it as slightly more secure in terms of high-level regulatory approvals. Both brokers offer trusted options for traders, albeit with slightly different regulatory frameworks.
| Feature |
HFM
|
MultiBank
|
|---|---|---|
| Year Founded | 2010 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
HFM’s commissions and fees sit slightly above the industry average. On its Standard account, the company cites a typical spread of 1.2 pips, but no date range is provided, so this may not reflect an actual average. The Zero account quotes an effective spread of 0.7 pips after commission, which is also not an average. For the Commissions and Fees category, HFM is rated 4 out of 5 stars and ranks #32 out of 63 brokers at ForexBrokers.com.
MultiBank offers three pricing tiers for forex and CFD trading: Standard (higher spreads, $50 minimum deposit), Pro (lower spreads, $1,000 minimum), and ECN (its lowest spreads) with a $10,000 minimum deposit and a small $3 round‑trip commission per trade. Non-trading fees include a $60 per month inactivity fee if your account has no trading activity for 90 days. For the Commissions and Fees category, MultiBank is rated 4 out of 5 stars and ranks #39 out of 63 brokers at ForexBrokers.com.
Comparing HFM vs. MultiBank, HFM’s stated spreads suggest costs that are a bit above average, while MultiBank’s pricing varies by account: the ECN tier targets the tightest spreads but adds a commission and a higher minimum deposit. Traders focused on headline spreads may find MultiBank’s ECN appealing if they meet the deposit requirement, whereas HFM’s Zero account offers a simple, stated all-in spread—but without verified averages, actual costs may differ. Also note MultiBank’s inactivity fee, which can add to overall costs if you trade infrequently.
| Feature |
HFM
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average spread (EUR/USD) - Standard account | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HFM vs MultiBank for range of investments: both brokers support forex trading as CFDs and spot. HFM lists about 500 tradeable symbols and an impressive 102 forex pairs, while MultiBank offers a larger overall menu with 1,042 symbols but only 40 forex pairs. Both earn 4 out of 5 stars for range of investments; in category rankings from 63 brokers, HFM sits at #37 and MultiBank at #38.
Neither broker lets you buy exchange-traded U.S. or international stocks directly. Both support copy trading and crypto CFDs. For actual, delivered cryptocurrency, only MultiBank provides access; HFM does not. In short, choose HFM if you want more currency pairs, or pick MultiBank if you want a broader symbol list and the option to buy real crypto alongside crypto CFDs.
| Feature |
HFM
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 1042 |
| Forex Pairs (Total) | 102 | 40 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | Yes |
| Cryptocurrency (CFDs) | 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.
HFM and MultiBank both check the big boxes for platform choice and ease of access. Each broker offers a free demo (paper) account, an in-house trading platform, and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade on a Windows desktop app or right in your web browser. Both brokers also support copy trading and let you place orders straight from a chart.
For Trading Platforms and Tools, both HFM and MultiBank earn 4 out of 5 stars. According to ForexBrokers.com’s 2025 review, MultiBank ranks #40 out of 63 brokers, edging out HFM at #43. If you’re deciding between them, try each demo to see which platform layout and workflow you prefer—whether that’s the broker’s own platform or the familiar MT4/MT5 experience.
| Feature |
HFM
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 15 | 38 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HFM and MultiBank both offer mobile trading apps for iPhone and Android, with price alerts available on each platform. Neither broker supports watchlist syncing between the mobile app and the web account, so changes you make in one place won’t carry over to the other. For everyday use, both apps cover the key basics traders look for on the go.
Charting is comparable: each app includes 30 technical indicators, lets you draw trendlines, and auto-saves your drawings for later. ForexBrokers.com rates both apps at 4 out of 5 stars, with HFM ranked #40 and MultiBank ranked #42 out of 63 brokers in the Mobile Trading Apps category. With similar features and ratings, HFM has a slight edge in ranking, but the choice may come down to which app layout you prefer.
| Feature |
HFM
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
HFM delivers stronger market research than MultiBank. HFM offers daily market commentary, an economic calendar, forex news from top-tier sources (Bloomberg, Reuters, Dow Jones), Autochartist-powered technical analysis, and a sentiment tool that shows long and short positioning across instruments. MultiBank provides an economic calendar and top-tier forex news, but it does not include daily commentary, Autochartist tools, or a sentiment gauge. Neither broker includes Trading Central or TipRanks research.
Independent ratings reflect this gap: HFM earns 4 stars for Research and ranks #20 out of 63 brokers at ForexBrokers.com, while MultiBank scores 3.5 stars and ranks #50. If you want broader in-platform research and decision-support tools, HFM is the better pick; if you mainly need headline news and a calendar, MultiBank may suffice.
| Feature |
HFM
|
MultiBank
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
If you’re new to trading and comparing HFM vs MultiBank for education, here’s the quick take: HFM runs monthly client webinars, offers at least 10 beginner videos, and also provides 10+ advanced videos for when you’re ready to level up. MultiBank also offers 10+ beginner videos, but it doesn’t host monthly education webinars and doesn’t match HFM on advanced video content. Both can help you learn the basics, but HFM adds live teaching and a clearer path into more advanced material.
The scores reflect this difference: HFM is rated 4 out of 5 stars for Education and ranks 37th out of 63 brokers at ForexBrokers.com, while MultiBank holds 3.5 out of 5 stars and ranks 50th. If you want live webinars and room to grow beyond beginner lessons, HFM is the stronger pick; if you mainly need a set of beginner videos, MultiBank can still work.
| Feature |
HFM
|
MultiBank
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that HFM is better than MultiBank. HFM finished with an overall rank of #30, while MultiBank finished with an overall rank of #40.
Alongside its enhanced MetaTrader offering and quality research, HFM (HF Markets), previously known as HotForex, offers a proprietary copy trading platform, HFcopy, a proprietary HF mobile app, and a decent selection of over 1,000 CFDs and 47 forex pairs. Still, trading costs at HFM are slightly above the industry average.
| Feature |
HFM
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MultiBank
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|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 84 |
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HFM vs MultiBank: For cryptocurrency, MultiBank lets you buy actual (delivered) crypto and trade crypto CFDs, whereas HFM does not support buying delivered crypto and only offers cryptocurrency CFDs.
HFM vs MultiBank: HFM supports deposits and withdrawals via Skrill and bank wire but not ACH/SEPA or PayPal, while MultiBank offers ACH/SEPA transfers (other payment options not specified).
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 | HFM | MultiBank | |
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| Trust Score | 86 | 84 | |
| Winner | check_circle | ||
| Review | HFM Review | MultiBank Review |
| Broker Screenshots | HFM | MultiBank | |
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| Regulation | HFM | MultiBank | |
|---|---|---|---|
| Trust Score | 86 | 84 | |
| Year Founded | 2010 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | HFM | 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) | |||
| 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) | HFM | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | HFM | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 1042 | |
| Forex Pairs (Total) | 102 | 40 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | Yes | |
| Cryptocurrency (CFDs) | 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 | HFM | MultiBank | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | HFM | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | Yes |
| Trading Platforms | HFM | MultiBank | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | HFM | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 38 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HFM | MultiBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | HFM | MultiBank | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | HFM | MultiBank | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | HFM | MultiBank | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | HFM Review | MultiBank Review |
| Overall | HFM | MultiBank | |
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| Trust Score | 86 | 84 | |
| Winner | check_circle | ||
| Review | HFM Review | MultiBank Review |
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