Written by ForexBrokers.com
In this head to head comparison of MultiBank vs TopFX, 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 TopFX are both online brokers, with MultiBank founded in 2005 and TopFX in 2010. Neither company is publicly traded or operates as a bank. When it comes to regulatory credentials, MultiBank holds three Tier-1 licenses, suggesting a high trust level. In comparison, TopFX holds one Tier-1 license. MultiBank also has one additional Tier-2 license, while TopFX has none, indicating an edge for MultiBank in regulatory oversight.
According to ForexBrokers.com, MultiBank earns a Trust Score of 84 out of 99, categorizing it as a trusted broker. On the other hand, TopFX has a Trust Score of 67, placing it in the high-risk category. This comparison suggests that MultiBank may offer a stronger trust factor in the competitive landscape of online trading.
| Feature |
MultiBank
|
TopFX
|
|---|---|---|
| Year Founded | 2005 | 2010 |
| 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 type across its global entities. The Standard account has a low $50 minimum deposit but carries higher spreads. The Pro account lowers spreads with a $1,000 minimum, while the ECN account offers the tightest spreads and adds a small $3 round-trip commission per trade with a $10,000 minimum. Note: MultiBank charges a $60 monthly inactivity fee after 90 days without trading. For the Commissions and Fees category, MultiBank is rated 4 out of 5 stars and ranks #39 out of 63 brokers.
TopFX keeps it simple with two choices: the ZERO account (spread-only, no commission) and the RAW account (commission-based). On RAW, the commission is 2.75 EUR per side (5.50 EUR per round turn per standard lot). In July 2024, RAW averaged 0.33 pips on EUR/USD, and when you add the commission equivalent of 0.55 pips, the all-in cost was about 0.88 pips—roughly in line with the industry average. The ZERO account averaged 1.03 pips on EUR/USD in July 2024. The minimum deposit depends on your payment method. TopFX is rated 4 out of 5 stars for Commissions and Fees and ranks #41 out of 63 brokers.
In a head-to-head look at trading costs, MultiBank’s best pricing comes via its ECN account (tight spreads plus a $3 round-trip commission), but it requires a higher $10,000 minimum deposit and has an inactivity fee to watch for. TopFX’s RAW account delivers competitive, transparent all-in pricing near 0.88 pips on EUR/USD without a large stated minimum, while the ZERO account suits traders who prefer no commissions and can accept wider spreads. Both brokers earn 4/5 stars; MultiBank sits slightly higher at #39 versus TopFX at #41 in the Commissions and Fees rankings.
| Feature |
MultiBank
|
TopFX
|
|---|---|---|
| Minimum Deposit | $50 | Depends on payment method |
| Average Spread EUR/USD - Standard | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
MultiBank and TopFX both support forex trading (CFDs/spot) and offer copy trading, but their product lineups differ. MultiBank lists 1,042 tradeable symbols versus 655 at TopFX, while TopFX offers more forex pairs (60) than MultiBank (40). Neither broker provides direct access to exchange-traded shares on U.S. or international stock exchanges, so buying individual stocks outright isn’t available.
For crypto, MultiBank lets you buy actual cryptocurrencies and trade crypto derivatives, whereas TopFX limits you to crypto derivatives only. In independent assessments of range of investments, MultiBank earns 4 stars and ranks 38th out of 63 brokers, while TopFX scores 3.5 stars and ranks 47th. Choose MultiBank if a larger overall symbol list and the option to own crypto matter most; pick TopFX if your priority is a wider set of forex pairs.
| Feature |
MultiBank
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 655 |
| Forex Pairs (Total) | 40 | 60 |
| 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.
Comparing trading platforms and tools, both MultiBank and TopFX provide free demo (paper) accounts, web platforms, and Windows desktop platforms. They each support MetaTrader 4 (MT4), offer copy trading, and let you place trades directly from the chart. A key difference is that MultiBank also offers its own proprietary platform and MetaTrader 5 (MT5), while TopFX does not. Neither broker supports DupliTrade or ZuluTrade. Both are rated 4 out of 5 stars for Trading Platforms and Tools.
For charting, MultiBank lists 17 drawing tools versus 15 at TopFX; indicator counts were not specified for either broker. Watchlists are similar, with 7 available columns at both. In ForexBrokers.com’s category rankings, MultiBank places #40 out of 63 brokers and TopFX ranks #46 out of 63. Overall, MultiBank edges ahead on platform variety thanks to MT5 and its in-house platform, while TopFX covers the essentials with MT4 across web and desktop.
| Feature |
MultiBank
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
MultiBank and TopFX both deliver mobile trading apps for iPhone and Android with the core tools most traders want. You can build real-time watchlists, set forex and stock price alerts, chart with 30 built-in technical studies, draw trendlines, switch among intraday, daily, and weekly views, and your drawings auto-save. One common gap: neither app syncs watchlist symbols with the web platform, so edits made on your phone won’t appear automatically on desktop, and vice versa.
Both apps earn a 4-star Mobile Trading Apps rating. In category rankings from ForexBrokers.com, MultiBank is placed 42nd out of 63 brokers, while TopFX ranks 52nd. That gives MultiBank a slight edge in standings, though their mobile features are largely the same. If you’re choosing between the MultiBank mobile app and the TopFX mobile app, weigh other factors like fees, available markets, and customer support, since on-the-go charting and alerts are well covered by both.
| Feature |
MultiBank
|
TopFX
|
|---|---|---|
| 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.
For market research, MultiBank and TopFX both skip daily market commentary but include an economic calendar and stream forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones. According to ForexBrokers.com, MultiBank earns 3.5 out of 5 stars for Research (ranked 50 of 63), while TopFX scores 3 out of 5 stars (ranked 61 of 63).
The key difference is tools. TopFX provides extras like Autochartist and Trading Central, plus a sentiment tool that shows the share of long vs. short positions—features MultiBank does not offer. TipRanks is not offered by MultiBank, and TopFX’s TipRanks availability isn’t specified. Availability of Acuity Trading tools isn’t specified for either broker. If you want built-in scanners and trade ideas, TopFX has more to work with; if you prefer higher-rated research alongside premium news and an economic calendar, MultiBank comes out ahead.
| Feature |
MultiBank
|
TopFX
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing forex and CFD education, MultiBank offers a clearer path. It provides at least 10 beginner-focused videos and a collection of 10-plus educational pieces on forex and CFDs. TopFX does not meet either of those thresholds. Neither broker runs monthly educational webinars or hosts a searchable archive of past sessions, and neither offers an investor dictionary or 10+ advanced videos.
In expert reviews, MultiBank earns 3.5 out of 5 stars for Education and ranks #50 out of 63 brokers, while TopFX earns 3 stars and ranks #62. If you want structured, video-based beginner education, MultiBank is the stronger choice; if live webinars are a must, neither provider will meet that need.
| Feature |
MultiBank
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| 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 TopFX. MultiBank finished with an overall rank of #40, while TopFX finished with an overall rank of #62.
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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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 67 |
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When comparing MultiBank to TopFX, MultiBank stands out as it offers the ability to buy actual delivered cryptocurrency in addition to cryptocurrency derivatives, whereas TopFX solely provides options for trading cryptocurrency derivatives.
Comparing online brokers MultiBank and TopFX, MultiBank supports ACH and SEPA transfers but not PayPal, while TopFX does not support ACH or SEPA transfers but does accept PayPal; both brokers facilitate transactions through Skrill, Visa or Mastercard, and bank wires.
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 | TopFX | |
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| Trust Score | 84 | 67 | |
| Winner | check_circle | ||
| Review | MultiBank Review | TopFX Review |
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| Regulation | MultiBank | TopFX | |
|---|---|---|---|
| Trust Score | 84 | 67 | |
| Year Founded | 2005 | 2010 | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | MultiBank | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 655 | |
| Forex Pairs (Total) | 40 | 60 | |
| 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 | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | MultiBank | TopFX | |
|---|---|---|---|
| Minimum Deposit | $50 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | MultiBank | TopFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | MultiBank | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 38 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | MultiBank | TopFX | |
|---|---|---|---|
| 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 | MultiBank | TopFX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | MultiBank | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | MultiBank | TopFX | |
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| Trust Score | 84 | 67 | |
| Winner | check_circle | ||
| Review | MultiBank Review | TopFX Review |
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