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 |
When comparing MultiBank and Libertex (Forex Club) for commissions and fees, MultiBank offers a more diverse account structure, including Standard, Pro, and ECN accounts, each catering to different levels of experience and investment. The Standard account at MultiBank, requiring just a $50 minimum deposit, has higher spreads and is more suited to novice traders. Meanwhile, the Pro account, needing a $1,000 minimum deposit, offers more favorable spreads. For seasoned traders, the ECN account offers the lowest spreads, requiring a $10,000 minimum deposit with a round-trip commission of $3 per trade. However, be aware of MultiBank's $60 monthly inactivity fee after 90 days of no trading activity.
On the other hand, Libertex (Forex Club) doesn't provide average spread data, which might make it challenging for potential users to gauge the total cost of trading. In terms of rankings, MultiBank stands out with a 4-star rating, placing it at #38 out of 62 brokers for commissions and fees according to ForexBrokers.com. In contrast, Libertex (Forex Club) holds a 3-star rating, ranking them at #61, which could reflect less competitive pricing.
In summary, MultiBank appears to be the more competitive choice in terms of account options and fee structure, notably for active traders with larger initial deposits, while Libertex (Forex Club) may remain appealing for those not highly concerned with average spread visibility. The differentiated star rating and rankings further highlight MultiBank's edge over Libertex in the commissions and fees category.
| 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 the investment offerings of MultiBank and Libertex (Forex Club), it's clear that both platforms provide a strong foundation for forex trading, allowing users to trade currencies through CFDs or spot contracts. MultiBank stands out with a higher number of tradeable symbols, offering 1042 options compared to Libertex's 300. However, when it comes to tradeable forex pairs, Libertex offers a slightly greater variety with 51 pairs, surpassing MultiBank's 40 available pairs. Neither broker provides exchange traded securities on U.S. or international exchanges, meaning investors looking to buy individual stocks like Apple or Vodafone will need to explore other platforms.
For cryptocurrency enthusiasts, MultiBank may be the more appealing choice as it supports the purchase of actual cryptocurrencies, a service not offered by Libertex. Both brokers do allow trading of cryptocurrency derivatives. Additionally, both MultiBank and Libertex provide copy trading services, which can be beneficial for those interested in following the trading patterns of experienced investors. In terms of ratings, MultiBank receives 4 out of 5 stars for its range of investments, ranking 37th out of 62 brokers according to ForexBrokers.com. Libertex, with a 3.5-star rating, ranks 53rd in the same category, indicating room for improvement in its investment range.
| 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 MultiBank and Libertex for their trading platforms and tools, both brokers offer a comprehensive setup that caters to a wide range of traders. Each broker supports simulated trading through a free virtual demo account, making it easier for new traders to get started. MultiBank and Libertex both have proprietary platforms and provide a Windows-based desktop application as well as an accessible web-based platform for browser trading. They also enable copy trading, and while both support MetaTrader 4 (MT4), only MultiBank provides the additional option of MetaTrader 5 (MT5). Neither broker supports DupliTrade or ZuluTrade.
Chart enthusiasts will appreciate the diverse set of features: MultiBank offers 17 drawing tools, compared to 30 available with Libertex, and both brokers allow trading directly from stock charts. For watch lists, they each provide 7 columns to help traders track their interests. Expert reviews rate both MultiBank and Libertex with 4 out of 5 stars for their trading platforms and tools. However, ForexBrokers.com ranks MultiBank higher at #39 compared to Libertex's position at #50 out of 62 brokers, hinting at subtle distinctions in user preference and overall offering quality.
| 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.
MultiBank and Libertex (Forex Club) both offer their clients comprehensive iPhone and Android apps for mobile trading, ensuring users can access trading platforms on the go. Both brokers provide essential features such as stock or forex price alerts, the ability to draw trend lines on charts, and the option to view various time frames, whether it's intraday or weekly. Additionally, they each offer charting capabilities with 30 technical studies available within their apps.
A key difference between the two apps is the sync capability of watchlists; while Libertex (Forex Club) supports watchlist syncing with an online account for seamless updates, MultiBank does not offer this feature. However, MultiBank does have the added benefit of auto-saving chart drawings, a feature not available with Libertex (Forex Club). Both apps allow users to create watchlists with real-time quotes, rating them similarly with a strong four out of five stars for mobile trading app performance. Despite these comparable features, MultiBank edges out Libertex (Forex Club) in rankings by ForexBrokers.com, securing the 41st spot compared to 49th for Libertex in the Mobile Trading Apps category.
| 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), it's clear that both platforms are similarly matched in several areas, but with some distinctions. Neither broker provides daily market commentary or research tools from well-known companies like Autochartist or Trading Central. Both brokers also lack sentiment-based trading tools and market research from TipRanks or Acuity Trading's Signal Centre. However, MultiBank and Libertex both include forex news from high-quality outlets such as Bloomberg and Reuters, as well as an economic calendar to keep traders informed about critical global news events.
Despite the similarities, MultiBank slightly outperforms Libertex (Forex Club) in terms of overall research ratings from ForexBrokers.com. MultiBank earns a 3.5-star rating and is ranked #49 out of 62 brokers in the Research category, whereas Libertex (Forex Club) follows with a 3-star rating and a rank of #60. This marginal edge could sway potential traders interested in the nuances of forex research tools and services toward MultiBank.
| 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 it comes to educational resources for beginners, both MultiBank and Libertex (Forex Club) provide a similar foundation with at least 10 pieces of educational content focusing on forex or CFDs. However, a clear distinction emerges in beginner-specific content: MultiBank stands out by offering at least 10 videos aimed at those new to trading, giving beginners a solid starting point. In contrast, Libertex does not offer a comparable range of beginner-focused video resources, making it more challenging for newcomers to find tailored learning materials.
For more experienced traders, Libertex takes the lead by providing at least 10 advanced educational videos, offering deeper insights for those looking to expand their trading knowledge. Unfortunately, neither platform offers regular educational webinars or a searchable archive of past webinars, which could enhance ongoing learning. Although MultiBank is rated slightly higher for education with 3.5 stars compared to Libertex's 3 stars, both brokers have room for improvement. With MultiBank ranking #50 and Libertex #57 out of 62 brokers in the education category on ForexBrokers.com, their educational offerings, while helpful, are positioned behind many of their competitors.
| 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 62 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 #60.
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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