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 |
Swissquote vs. MultiBank on pricing: MultiBank generally comes in cheaper for trading costs, while Swissquote carries a small premium tied to its Swiss banking pedigree. For the Commissions and Fees category, Swissquote is rated 3.5/5 stars and ranked 54 out of 63 brokers, whereas MultiBank is rated 4/5 stars and ranked 39 out of 63.
Swissquote’s pricing varies by entity. In the U.K., costs are the lowest within the brand: the Elite account (for deposits of $10,000 or more) pairs lower spreads with a $5 round‑turn commission; the Standard account starts at 1.3 pips on EUR/USD, and the Prime account advertises minimum spreads from 0.6 pips (note: minimums aren’t averages). In Luxembourg, minimum spreads range from 1.5 pips (Standard, $1,000 minimum deposit) to 0.8 pips (Prime, $50,000). In Switzerland, spreads start at 1.7 pips (Standard, $1,000), 1.4 pips (Premium, $10,000), and 1.1 pips (Prime, $50,000), with custom pricing negotiable for high-volume traders. Overall, Swissquote’s pricing trails the market’s lowest-cost players.
MultiBank keeps it simple with three account types across its entities. The Standard account has a low $50 minimum but higher spreads; the Pro account lowers spreads with a $1,000 minimum; and the ECN account targets the tightest spreads with a $10,000 minimum and a $3 round‑trip commission. Note the non-trading fee: $60 per month after 90 days of inactivity. For most cost‑focused traders, MultiBank’s structure tends to deliver lower all‑in costs than Swissquote at comparable deposit levels.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $1000 | $50 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Swissquote vs MultiBank: For overall variety, MultiBank lists more total instruments (1,042 vs 472). That said, Swissquote offers a larger set of forex pairs (80 vs 40). Both brokers support forex trading, delivered either as CFDs (contracts for difference) or spot contracts.
If buying exchange-traded shares matters, Swissquote stands out: it lets clients purchase listed U.S. and international stocks (think Apple on Nasdaq or Vodafone in London), while MultiBank does not offer exchange-traded shares. Both brokers provide copy trading and give access to cryptocurrency either as real coins or via crypto CFDs. Reflecting this mix, ForexBrokers.com rates Swissquote 5/5 stars for Range of Investments and ranks it #2 of 63 brokers, while MultiBank earns 4/5 stars and ranks #38.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 1042 |
| Forex Pairs (Total) | 80 | 40 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | 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.
Swissquote and MultiBank both check the key boxes for trading platforms and tools. Each provides a free demo account for simulated trading, an in-house proprietary platform, Windows desktop software, and a web-based platform. Both also support copy trading alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and let you place trades directly from charts.
Where they differ is in platform quality scores. For Trading Platforms and Tools, ForexBrokers.com rates Swissquote 4.5 out of 5 stars and ranks it #12 of 63 brokers, while MultiBank scores 4 out of 5 stars and ranks #40. If you want the higher-rated platform experience, Swissquote edges ahead; if you prefer MetaTrader with an in-house option and a demo account, MultiBank still fits the bill.
| Feature |
Swissquote
|
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) | 86 | 38 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Swissquote and MultiBank both offer mobile trading apps for iPhone and Android. You can set stock and forex price alerts, use 30 built-in technical studies for charting, draw trendlines, and your chart drawings auto-save for later sessions. One key limitation for both: watchlists made in the mobile app do not sync with your online account, so changes on your phone won’t carry over to web or desktop.
When it comes to quality scores, Swissquote pulls ahead. It earns 4.5 out of 5 stars and ranks #12 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while MultiBank holds 4 out of 5 stars and ranks #42 out of 63. If you want a higher-rated overall experience, choose Swissquote; if your priority is similar charting and alert tools, either app will do the job.
| Feature |
Swissquote
|
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.
For market research, Swissquote pulls ahead of MultiBank. Swissquote earns 4 stars for research and is ranked #16 out of 63 brokers by ForexBrokers.com, while MultiBank scores 3.5 stars and ranks #50. A key difference is daily market commentary: Swissquote publishes it, while MultiBank does not.
Both brokers stream forex news from top-tier sources (such as Bloomberg or Reuters) and provide an economic calendar. Swissquote also includes Autochartist for technical analysis alerts and pattern recognition, which MultiBank does not offer. Neither broker features Trading Central, a sentiment tool, or TipRanks. Swissquote does not include Acuity Trading tools; availability at MultiBank is not confirmed. If you value daily commentary and Autochartist, Swissquote is the stronger pick; if you mainly need headline news and a calendar, both will cover the basics.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | No | No |
| TipRanks | No | No |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Swissquote and MultiBank both offer beginner-friendly forex and CFD education. Each provides at least 10 beginner videos that explain core topics such as platform basics, order types, and risk management. Swissquote also runs monthly educational webinars, giving new traders a chance to learn live and ask questions, while MultiBank does not host ongoing webinars.
If you plan to grow into more advanced strategies, Swissquote stands out with 10+ advanced videos, whereas MultiBank doesn’t reach that level yet. Reflecting this, ForexBrokers.com rates Swissquote 4 out of 5 stars for Education and ranks it 20th out of 63 brokers; MultiBank earns 3.5 out of 5 stars and ranks 50th. For beginners comparing forex and CFD education, Swissquote offers a more complete path from first steps to advanced topics, while MultiBank focuses mainly on starter material.
| Feature |
Swissquote
|
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 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 |
|
|
| Trust Score | 99 | 84 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Compare Swissquote vs MultiBank: both brokers let you buy actual delivered cryptocurrency and trade cryptocurrency CFDs, giving investors flexible access to digital assets and derivatives.
Swissquote and MultiBank both support ACH/SEPA transfers for deposits and withdrawals; Swissquote also confirms PayPal, Skrill, and bank wire funding, while Visa/Mastercard availability for either broker—and PayPal, Skrill, and bank wires for MultiBank—was 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Swissquote | MultiBank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 84 | |
| Winner | check_circle | ||
| Review | Swissquote Review | MultiBank Review |
| Broker Screenshots | Swissquote | MultiBank | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| 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 | ||
| 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) | |||
| 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 | Swissquote | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 1042 | |
| Forex Pairs (Total) | 80 | 40 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | 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 | Swissquote | MultiBank | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Swissquote | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $1000 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | Swissquote | 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 | Swissquote | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 86 | 38 | |
| 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 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 | Swissquote | 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 | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | MultiBank | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Swissquote | MultiBank | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Swissquote Review | MultiBank Review |
| Overall | Swissquote | MultiBank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 84 | |
| Winner | check_circle | ||
| Review | Swissquote Review | MultiBank Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill