Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
Swissquote and MultiBank are two online brokers that differ significantly in terms of trust and regulation. Founded in 1996, Swissquote stands out as a publicly traded bank with a long history and a top-tier reputation. It holds five Tier-1 licenses, which indicate the highest level of regulatory trust, and two Tier-2 licenses. This extensive regulatory backing contributes to its perfect Trust Score of 99 on ForexBrokers.com, categorizing it as highly trusted.
In contrast, MultiBank, established in 2005, is not publicly listed and does not operate as a bank. It holds three Tier-1 licenses and one Tier-2 license, reflecting a respectable level of regulatory oversight, but with a Trust Score of 84, it is rated as trusted rather than highly trusted. This highlights some differences in transparency and regulatory standards between the two brokers, with Swissquote generally considered the safer choice due to its comprehensive regulatory framework.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| Year Founded | 1996 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 3 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When comparing the commissions and fees of Swissquote and MultiBank, Swissquote is distinguished by its association with a prominent Swiss banking group, which comes with slightly higher costs. Its U.K. branch offers the most cost-effective option with accounts like the commission-based Elite, which requires a $10,000 deposit and has lower spreads and a $5 trade charge. The Standard account, with spreads starting at 1.3 pips on EUR/USD, and the Prime account, with a minimum spread of 0.6 pips, are less appealing options. Swissquote is rated 3.5 stars for fees and ranks 53rd among 63 brokers in this category.
On the other hand, MultiBank offers three account types with competitive fees. The Standard account, requiring only a $50 deposit, comes with higher spreads, making it suitable mainly for beginners. The Pro account requires a $1,000 deposit, offering better spread rates, while the ECN account, with a $10,000 deposit minimum, provides the lowest spreads and a $3 commission per round trip trade. MultiBank imposes a $60 inactivity fee for accounts dormant for over 90 days. MultiBank boasts a higher rating of 4 stars for fees and ranks 38th out of 63 brokers.
In summary, both Swissquote and MultiBank have distinct advantages regarding their fee structures. Swissquote provides a prestige banking experience with higher costs, whereas MultiBank offers more accessible options and lower costs for active traders. While Swissquote is appealing for those seeking the reputation of a Swiss bank, MultiBank stands out for its lower fees and broader appeal to cost-conscious traders.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $1000 | $50 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | 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 the range of investments, Swissquote and MultiBank present distinct offerings tailored to diverse trading preferences. Swissquote showcases a wide array of 472 tradeable symbols and is notably accommodating for forex enthusiasts, featuring 80 forex pairs, significantly more than MultiBank's 40. Both platforms provide forex trading as CFDs or spot contracts. Furthermore, Swissquote outshines with its availability of exchange-traded securities on both U.S. and international exchanges, enabling investors to directly purchase shares like Apple (NASDAQ: AAPL) and Vodafone (VOD-GB: London Stock Exchange). In contrast, MultiBank doesn’t offer direct access to such securities. Both Swissquote and MultiBank extend the convenience of copy trading and the capability to buy actual cryptocurrencies along with their derivatives.
Although MultiBank impresses with a more extensive selection of 1042 tradeable symbols, when it comes to the overall range of investments, Swissquote receives higher accolades. With a rating of 5 stars versus MultiBank’s 4 stars and securing the #2 rank by ForexBrokers.com in the Range of Investments category against MultiBank's #37, Swissquote clearly leads in providing a comprehensive trading experience. Both brokers allow investors to delve into cryptocurrency investing but Swissquote's global exchange participation and broader forex pair availability may appeal more to those seeking expansive market opportunities.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 1042 |
| Forex Pairs (Total) | 80 | 40 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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.
Swissquote and MultiBank both offer traders a comprehensive suite of trading platforms and tools, catering to a range of preferences and needs. Both brokers provide simulated trading with complimentary demo accounts, helping beginners to hone their skills. They each feature proprietary platforms as well as widely-used external platforms like MetaTrader 4 and MetaTrader 5. Furthermore, they offer web-based platforms, Windows desktop versions, and support copy trading. However, neither broker provides platforms like DupliTrade or ZuluTrade. When it comes to charting tools, Swissquote stands out with 75 drawing tools compared to MultiBank's 17, allowing for more detailed technical analysis.
For watchlist customization, Swissquote offers 11 columns, enabling more detailed tracking compared to MultiBank’s 7 columns. Both Swissquote and MultiBank allow trades to be executed directly from stock charts, enhancing the user's trading experience. Based on expert reviews, Swissquote achieves a higher rating of 4.5 stars for its trading platforms and tools, ranking 12th out of 63 brokers. Meanwhile, MultiBank is rated 4 stars, positioned at a respectable 39th from the same pool. This comparison highlights Swissquote's edge in providing more advanced charting tools and greater customization options, appealing to traders who value in-depth analysis and personalized trading environments.
| Feature |
Swissquote
|
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) | 86 | 38 |
| Charting - Drawing Tools (Total) | 75 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Swissquote and MultiBank, both provide a solid suite of features for users looking to trade on the go. Whether you own an iPhone or an Android device, both brokers have you covered with mobile apps available on these platforms. They allow users to set up stock or forex price alerts, and both support technical charting tools with 30 studies and the capability to draw trendlines. Multiple time frames are viewable, which is great for tracking your stock or forex investments whether you're looking at intraday or longer-term charts. Plus, with the auto-save feature for chart drawings, traders can rest assured that their technical analysis is safeguarded.
However, it's important to note that neither Swissquote nor MultiBank offers watchlist symbol syncing between their mobile apps and online accounts, which might be a drawback for traders who frequently switch between platforms. Creating watchlists with real-time quotes is possible with both apps, and when it comes to user ratings, Swissquote slightly edges out with a 4.5-star rating compared to MultiBank's 4. Both have their place in the market, but Swissquote stands out a bit more with a higher ranking by ForexBrokers.com, placing 12th out of 63 brokers, while MultiBank sits at 41st.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 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 Swissquote and MultiBank, Swissquote stands out by offering daily market commentary, which is not available with MultiBank. Both brokers provide forex news from distinguished sources like Bloomberg, Reuters, and Dow Jones, ensuring traders have access to premium information. However, Swissquote further enhances its appeal by incorporating technical analysis tools from Autochartist, a feature MultiBank does not offer. Neither broker provides tools or research from Trading Central, sentiment-based trading tools, market research from TipRanks, or research tools from Acuity Trading. Swissquote and MultiBank both feature economic calendars, helping traders stay informed about global market events.
In terms of overall research ratings, Swissquote achieves 4 out of 5 stars, edging out MultiBank, which has a 3.5-star rating. Swissquote is also ranked higher at #16 out of 63 brokers in the research category by ForexBrokers.com, while MultiBank is positioned significantly lower at #49. These distinctions make Swissquote a more attractive option for those prioritizing comprehensive market research in their trading experience.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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 offerings for beginners between Swissquote and MultiBank, Swissquote stands out with a more comprehensive selection. Both brokers provide a minimum of 10 educational pieces focused on forex or CFDs, which includes articles and videos that help newcomers understand these complex financial instruments. However, Swissquote goes a step further by offering monthly online webinars that are absent in MultiBank's offerings. Moreover, Swissquote maintains a searchable archive of past webinars, providing learners with valuable resources to revisit and reinforce their knowledge. This access to ongoing learning opportunities can be crucial for beginners trying to grasp the nuances of trading.
Swissquote also excels with its extensive video library, which includes at least 10 beginner-focused videos and additional content aimed at advanced traders. This diversity ensures that learners at different stages can find material tailored to their needs. In contrast, while MultiBank provides beginner content, it lacks advanced educational videos. Additionally, Swissquote's investor dictionary, which includes over 50 trading terms, fills a key gap in MultiBank’s resources. These differences contribute to Swissquote's higher education rating of 4 stars compared to MultiBank’s 3.5 stars, with Swissquote ranking 21st out of 63 brokers for education, whereas MultiBank is ranked 50th.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Swissquote is better than MultiBank. Swissquote finished with an overall rank of #11, while MultiBank finished with an overall rank of #40.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 84 |
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Both Swissquote and MultiBank empower investors by offering the ability to purchase actual cryptocurrencies and trade cryptocurrency derivatives, providing comprehensive options for diverse trading needs.
Both Swissquote and MultiBank provide multiple deposit and withdrawal options, including ACH, SEPA, Skrill, Visa, Mastercard, and bank wire transfers, with the notable distinction that Swissquote additionally supports PayPal, an option not available with MultiBank.
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 | Swissquote | MultiBank | |
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| Trust Score | 99 | 84 | |
| Winner | check_circle | ||
| Review | Swissquote Review | MultiBank Review |
| Broker Screenshots | Swissquote | MultiBank | |
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| Regulation | Swissquote | MultiBank | |
|---|---|---|---|
| Trust Score | 99 | 84 | |
| Year Founded | 1996 | 2005 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 3 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | Yes | |
| Switzerland (FINMA Authorised) | Yes | 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) | Swissquote | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 1042 | |
| Forex Pairs (Total) | 80 | 40 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | Swissquote | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $1000 | $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 | Swissquote | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 38 | |
| Charting - Drawing Tools (Total) | 75 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | MultiBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 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 | Swissquote | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Swissquote | 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 | Swissquote Review | MultiBank Review |
| Overall | Swissquote | MultiBank | |
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| Trust Score | 99 | 84 | |
| Winner | check_circle | ||
| Review | Swissquote Review | MultiBank Review |
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