Written by ForexBrokers.com
In this head to head comparison of MultiBank vs Libertex (Forex Club), 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.
MultiBank and Libertex (Forex Club) are both renowned online brokers, yet they differ significantly in their regulatory standings and trustworthiness. Founded in 2005, MultiBank is not publicly traded, nor is it a bank. It holds an impressive three Tier-1 licenses, which are highly regarded, and one Tier-2 license, earning it a Trust Score of 84 out of 99 from ForexBrokers.com. This score positions MultiBank as a trusted broker in the trading space.
Established in 1997, Libertex (Forex Club) also remains privately owned and operates without banking status. It possesses one Tier-1 license, reflecting a commitment to high-standard regulation, though it lacks any Tier-2 licenses. With a Trust Score of 73, Libertex is considered of average risk, indicating a moderate level of trust according to ForexBrokers.com's rating scale. Both brokers provide a breadth of trading options, yet MultiBank holds a slight edge in regulatory trustworthiness.
| Feature |
MultiBank
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2005 | 1997 |
| 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 | 0 |
MultiBank offers three account types for forex and CFD trading: Standard, Pro, and ECN. The Standard account, with a minimum deposit of $50, comes with higher spreads, making it more suited for beginners. The Pro account requires a minimum deposit of $1,000 and offers lower spreads. For the tightest spreads, the ECN account is ideal, mandating a $10,000 deposit and a $3 round-trip commission per trade. MultiBank charges a $60 monthly inactivity fee if there is no trading activity for 90 days. For commissions and fees, MultiBank receives a 4-star rating, ranking 38th out of 63 brokers by ForexBrokers.com.
On the other hand, Libertex (Forex Club) does not provide average spread data, which could make it harder for traders to fully assess the costs involved. With a 3-star rating for its commissions and fees, it ranks 62nd out of 63 brokers reviewed by ForexBrokers.com.
In summary, MultiBank appears to offer a more comprehensive and cost-effective range of account options, especially for seasoned traders seeking competitive spreads. Libertex's lack of available spread data and lower rating might make it less appealing for those prioritizing transparency and lower trading fees.
| Feature |
MultiBank
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $50 | $10 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing MultiBank to Libertex (Forex Club) in terms of available investment options, both platforms offer forex trading as CFDs or spot contracts. However, MultiBank provides a much broader selection with 1,042 tradeable symbols, while Libertex offers 300. In the realm of forex pairs, Libertex slightly surpasses MultiBank with 51 pairs compared to 40. Neither broker offers exchange-traded securities on U.S. or international exchanges, such as shares from the NASDAQ or the London Stock Exchange.
For cryptocurrency enthusiasts, MultiBank allows the purchase of actual cryptocurrencies, not just derivatives, unlike Libertex that only offers cryptocurrency derivatives. Both platforms support copy trading, enabling users to mimic trading strategies of successful investors. Overall, MultiBank ranks higher in range of investments with a 4-star rating and a position of #37 out of 63 brokers compared to Libertex's 3.5-star rating and #53 ranking.
| Feature |
MultiBank
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 300 |
| Forex Pairs (Total) | 40 | 51 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| 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.
When comparing the trading platforms and tools offered by MultiBank and Libertex (Forex Club), both brokers provide comprehensive support for various trading needs. MultiBank and Libertex offer simulated trading with free virtual demo accounts, allowing users to practice their trading strategies without financial risk. Each broker has developed its own proprietary platform, catering to those seeking unique features in their trading experience. Furthermore, both platforms support trading on Windows-based desktop applications and accessible web-based platforms. Traders who are keen on using popular software will find comfort in the availability of MetaTrader 4 (MT4) across both brokers, though MultiBank takes the lead by also offering MetaTrader 5 (MT5). Additionally, both brokers support copy trading for those who prefer to follow and replicate the actions of successful traders. However, neither provides DupliTrade or ZuluTrade features within their offerings.
In terms of charting capabilities, MultiBank and Libertex allow traders to execute trades directly from stock charts, even though their available technical indicators are not detailed here. MultiBank offers 17 drawing tools for chart analysis, while Libertex provides 30, which suggests more options for customizing charts to fit individual trading styles. Both platforms offer 7 columns for watch list customization, allowing traders to track various metrics. In terms of ratings, both brokers receive four stars for their trading platforms and tools, though they differ in their rankings from ForexBrokers.com, with MultiBank at 39th place and Libertex at 50th out of 63 brokers. This difference in ranking might reflect on the depth and convenience offered by each broker's platform and tools.
| Feature |
MultiBank
|
Libertex (Forex Club)
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 38 | 15 |
| Charting - Drawing Tools (Total) | 17 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both MultiBank and Libertex (Forex Club) offer comprehensive mobile trading apps that cater to iPhone and Android users. These apps allow traders to receive stock or forex price alerts and create watchlists with real-time quotes. While both apps offer an array of technical studies for charting—30 to be precise—they also enable users to draw trendlines and view charts across multiple time frames, such as daily or intraday. One advantage MultiBank has over Libertex is its ability to automatically save drawings on charts, which can streamline the trading process.
However, a key feature that sets Libertex apart is its ability to sync watchlist symbols across devices, ensuring that any updates made on the mobile app reflect on the client's online account. Both apps garner a commendable 4-star rating for mobile trading, but when it comes to rankings by ForexBrokers.com, MultiBank secures the 41st position, slightly ahead of Libertex, which is ranked 49th out of 63 brokers. Whether you're drawn to the seamless watchlist syncing of Libertex or the auto-saving chart features of MultiBank, both platforms offer user-friendly experiences for traders on the go.
| Feature |
MultiBank
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of MultiBank and Libertex (Forex Club), both brokers provide forex news from reputable sources such as Bloomberg, Reuters, and Dow Jones. However, neither platform offers daily market commentary or tools from Autochartist, Trading Central, or Acuity Trading. Similarly, neither MultiBank nor Libertex supplies sentiment-based trading tools or research from TipRanks. On the upside, both brokers do offer access to an economic calendar, which features current and upcoming global news events crucial for traders monitoring various economies.
In terms of ratings, MultiBank edges out with a research score of 3.5 stars, slightly higher than Libertex's 3-star rating. On ForexBrokers.com, MultiBank ranks 49th out of 63 brokers in the Research category, while Libertex finds itself lower on the list at 61st place. This indicates that while both brokers offer some valuable information, they have room for improvement in their market research tools and features to better aid their traders.
| Feature |
MultiBank
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | 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 offered by MultiBank and Libertex (Forex Club), both brokers provide a minimum of 10 educational pieces focused on forex or CFDs. However, MultiBank stands out by supplying over 10 beginner-specific trading videos, making it more attractive for those taking their first steps into the trading world. In contrast, Libertex excels in offering more advanced educational videos, which could appeal to more experienced traders looking to refine their skills. Neither broker hosts monthly webinars or maintains a searchable archive of recorded webinars, and both fall short in providing an investor dictionary with term definitions.
In terms of educational quality and ratings, MultiBank receives 3.5 stars for its education offerings, slightly edging out Libertex, which is rated 3 stars. When ranked among 63 brokers for the Education category on ForexBrokers.com, MultiBank holds the 50th position while Libertex is placed at 57th. This comparison suggests that MultiBank might be a slightly better choice for educational resources, especially if you're just embarking on your trading journey, while Libertex could cater to those looking for more advanced content.
| Feature |
MultiBank
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | No |
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 Libertex (Forex Club). MultiBank finished with an overall rank of #40, while Libertex (Forex Club) finished with an overall rank of #61.
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
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 73 |
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MultiBank allows users to purchase actual delivered cryptocurrency and also offers cryptocurrency derivatives, whereas Libertex (Forex Club) provides only cryptocurrency derivatives without the option to buy actual delivered cryptocurrency.
When comparing the deposit and withdrawal options for online brokers, MultiBank and Libertex (Forex Club) both support ACH, SEPA transfers, Skrill, and bank wires, but while MultiBank accepts Visa and Mastercard and does not offer PayPal, Libertex (Forex Club) uniquely supports PayPal but lacks Visa and Mastercard options.
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 | Libertex (Forex Club) | |
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| Trust Score | 84 | 73 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | Libertex (Forex Club) | |
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| Regulation | MultiBank | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 84 | 73 | |
| Year Founded | 2005 | 1997 | |
| 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 | 0 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | Libertex (Forex Club) | |
|---|---|---|---|
| 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) | No | No | |
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | MultiBank | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 300 | |
| Forex Pairs (Total) | 40 | 51 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| 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 | MultiBank | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | MultiBank | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $50 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | MultiBank | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | MultiBank | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 38 | 15 | |
| Charting - Drawing Tools (Total) | 17 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | MultiBank | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | MultiBank | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | MultiBank | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | MultiBank Review |
| Overall | MultiBank | Libertex (Forex Club) | |
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| Trust Score | 84 | 73 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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