Written by ForexBrokers.com
In this head to head comparison of MultiBank vs LegacyFX, 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 MultiBank and LegacyFX, key differences arise in their regulatory status and trust ratings. MultiBank, established in 2005, is older than LegacyFX, founded in 2012. Neither company is publicly traded or operates as a bank. Regulatory-wise, MultiBank holds three Tier-1 licenses, indicating high trust, and one Tier-2 license. In comparison, LegacyFX possesses one Tier-1 license and no Tier-2 licenses. This regulatory strength gives MultiBank a Trust Score of 84, positioning it in the trusted category according to ForexBrokers.com ratings.
LegacyFX, on the other hand, has a Trust Score of 67, placing it in the high-risk category due to fewer regulatory licenses. This suggests that while both brokers are viable options for trading, MultiBank offers stronger regulatory backing, which might be reassuring for traders seeking more regulated environments. Both companies offer distinct advantages, but MultiBank's additional licenses could make it a preferred choice for those prioritizing trust and regulatory coverage.
| Feature |
MultiBank
|
LegacyFX
|
|---|---|---|
| Year Founded | 2005 | 2012 |
| 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 |
MultiBank’s commissions and fees vary by account. The Standard account has a low $50 minimum deposit but comes with higher spreads. The Pro account lowers spreads with a $1,000 minimum. For the tightest pricing, the ECN account requires $10,000 and adds a small $3 round‑trip commission per trade. Note an inactivity fee of $60 per month applies after 90 days without trading. For costs, MultiBank earns 4/5 stars and ranks #39 out of 63 brokers at ForexBrokers.com.
LegacyFX’s pricing depends on the entity and account tier. In the EU (CySEC), Silver, Gold, and Platinum require $500, $5,000, and $25,000, respectively; advertised spreads are lowest on Platinum, while Silver can start from 1.6 pips on EUR/USD. Internationally (Vanuatu), seven tiers range from Standard ($500) to VIP ($50,000), with higher tiers adding more support and tools. LegacyFX does not publish average spreads, making total trading costs harder to gauge. It earns 3.5/5 stars for commissions and fees and ranks #58 out of 63.
Compared head to head, MultiBank offers clearer cost expectations—especially on its ECN account—while LegacyFX’s lack of average spread data reduces price transparency. MultiBank suits traders who can meet the $10,000 ECN minimum for lower spreads or want a $50 entry via Standard (accepting wider spreads). LegacyFX may appeal to those seeking structured account support, but on pricing alone, MultiBank’s higher rating and ranking indicate a more competitive overall fee profile.
| Feature |
MultiBank
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $50 | $500 |
| Average spread (EUR/USD) - Standard account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
Comparing MultiBank vs LegacyFX for range of investments: MultiBank lists 1,042 tradeable symbols, while LegacyFX offers 425. LegacyFX has slightly more forex pairs (44 vs 40), and both brokers support forex trading (CFD/spot) and copy trading. Neither broker provides access to exchange-traded U.S. or international shares (non-CFDs). For crypto, MultiBank lets you buy actual coins as well as trade crypto CFDs, whereas LegacyFX limits crypto to CFDs only.
In independent rankings, MultiBank earns 4 stars for Range of Investments and places 38th out of 63 brokers, while LegacyFX is rated 3.5 stars and ranks 49th. Choose MultiBank if you want a wider symbol list and the option to buy real crypto; consider LegacyFX if you value a slightly larger selection of forex pairs.
| Feature |
MultiBank
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 425 |
| Forex Pairs (Total) | 40 | 44 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| 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.
Choosing between MultiBank and LegacyFX for trading platforms and tools? Both brokers let you practice with a free demo (paper) account and support web and Windows desktop platforms, copy trading, and the ability to place orders straight from charts. The big differences: MultiBank offers its own in-house platform and supports MetaTrader 4 (MT4) as well as MetaTrader 5 (MT5), while LegacyFX does not have a proprietary platform and does not support MT4, but does offer MT5.
For platform features, counts of built-in technical indicators and watchlist columns were not provided by either broker. Based on ForexBrokers.com’s evaluations of trading platforms and tools, MultiBank earned 4 stars and ranks 40th out of 63 brokers, while LegacyFX earned 3.5 stars and ranks 61st out of 63. If MT4 access and a house-built platform matter, MultiBank has the edge; if you only need MT5 with web and desktop access plus demo and copy trading, both can fit the bill.
| Feature |
MultiBank
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 38 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
MultiBank vs LegacyFX mobile trading apps: both brokers offer iPhone and Android apps, and each supports price alerts for stocks and forex. Charting tools are similar across both apps, with 30 technical studies available, the ability to draw trendlines, and automatic saving of drawings. One notable limitation is that neither app syncs watchlists between mobile and the online account, so changes on one device won’t carry over to the other.
Where they differ is in overall scores. MultiBank’s mobile app is rated 4 out of 5 stars and ranks #42 out of 63 in the Mobile Trading Apps category, while LegacyFX is rated 3.5 out of 5 stars and ranks #62 out of 63. If you want comparable features with a higher rating and ranking, MultiBank has the advantage; if you already use LegacyFX, expect similar tools but a lower standing in industry comparisons.
| Feature |
MultiBank
|
LegacyFX
|
|---|---|---|
| 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.
Comparing market research at MultiBank vs LegacyFX: LegacyFX stands out for offering daily market commentary and access to Autochartist tools, which can help with technical and fundamental analysis. Both brokers deliver forex news from top-tier sources like Bloomberg and Reuters and include an economic calendar for tracking global events. Neither broker provides Trading Central tools or a sentiment gauge showing long/short ratios. Availability of TipRanks and Acuity Trading tools isn’t specified for either broker.
On overall research quality, both MultiBank and LegacyFX earn 3.5 out of 5 stars. According to ForexBrokers.com, LegacyFX ranks #47 out of 63 brokers for Research, while MultiBank ranks #50. If you value daily commentary and Autochartist, LegacyFX has an edge; if you mainly need headline news and an economic calendar, both brokers cover the basics equally well.
| Feature |
MultiBank
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | No | No |
| TipRanks | No | |
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing MultiBank vs LegacyFX for beginner trading education: both brokers offer at least 10 beginner-focused videos that cover core forex and CFD topics, giving new traders a clear place to start. LegacyFX steps ahead with at least 10 advanced videos for when you’re ready to level up, and it hosts client webinars at least once a month. MultiBank does not offer monthly educational webinars and does not match the same volume of advanced video content.
Both brokers earn 3.5 out of 5 stars for Education, yet LegacyFX ranks higher (#35 of 63) than MultiBank (#50 of 63) on ForexBrokers.com. If you want live learning and a smoother path from beginner to advanced, LegacyFX is the stronger pick. If you just need a library of beginner videos to get started, MultiBank can do the job.
| Feature |
MultiBank
|
LegacyFX
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
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 LegacyFX. MultiBank finished with an overall rank of #40, while LegacyFX finished with an overall rank of #63.
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
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 67 |
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In a MultiBank vs LegacyFX comparison, the online broker MultiBank allows you to buy actual delivered cryptocurrency and trade crypto CFDs, while LegacyFX does not support buying real crypto but does offer cryptocurrency CFDs.
Between the online brokers MultiBank and LegacyFX, only MultiBank supports ACH and SEPA transfers for depositing and withdrawing funds, while LegacyFX does not; other payment methods were 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 | MultiBank | LegacyFX | |
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| Trust Score | 84 | 67 | |
| Winner | check_circle | ||
| Review | MultiBank Review | LegacyFX Review |
| Broker Screenshots | MultiBank | LegacyFX | |
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| Regulation | MultiBank | LegacyFX | |
|---|---|---|---|
| Trust Score | 84 | 67 | |
| Year Founded | 2005 | 2012 | |
| 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 | LegacyFX | |
|---|---|---|---|
| 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) | |||
| 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 | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | MultiBank | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 425 | |
| Forex Pairs (Total) | 40 | 44 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| 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 | MultiBank | LegacyFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | MultiBank | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $50 | $500 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | MultiBank | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | MultiBank | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 38 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | MultiBank | LegacyFX | |
|---|---|---|---|
| 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 | MultiBank | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | LegacyFX | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | MultiBank | LegacyFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | MultiBank Review | LegacyFX Review |
| Overall | MultiBank | LegacyFX | |
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| Trust Score | 84 | 67 | |
| Winner | check_circle | ||
| Review | MultiBank Review | LegacyFX Review |
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