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 account | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
MultiBank offers a wider overall range of investments with 1,042 tradeable symbols, compared with 655 at TopFX. Both brokers support forex trading (CFD or spot) and copy trading. If currency variety matters, TopFX lists more forex pairs (60) than MultiBank (40). Neither broker lets you buy exchange-traded shares directly on U.S. or international stock exchanges.
For crypto, MultiBank stands out by offering both delivered (actual) cryptocurrency and crypto CFDs, while TopFX offers crypto only via CFDs. Reflecting these differences, MultiBank earns 4 stars and ranks 38th out of 63 for Range of Investments, while TopFX scores 3.5 stars and ranks 47th. In short: pick MultiBank for a larger instrument list and real crypto access, or choose TopFX if you want more forex pairs.
| Feature |
MultiBank
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 655 |
| Forex Pairs (Total) | 40 | 60 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| 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.
Comparing MultiBank vs TopFX for trading platforms and tools: both brokers provide free demo (paper) accounts, Windows desktop downloads, and web-based platforms. Each supports MetaTrader 4 and copy trading, and you can place orders directly from charts with either broker. MultiBank stands out by also offering MetaTrader 5 and its own proprietary platform, while TopFX sticks to third-party platforms and does not support MT5.
Independent ratings from ForexBrokers.com score both at 4 out of 5 stars for Trading Platforms and Tools, with MultiBank ranked #40 of 63 brokers and TopFX at #46. If you want MT5 or an in-house platform option, MultiBank has the edge; if you’re focused on MT4 with copy trading and accessible web and desktop access, TopFX covers the basics well. In either case, you can practice risk-free with a demo before funding a live account.
| Feature |
MultiBank
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 38 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
MultiBank vs TopFX mobile app comparison: Both brokers offer iPhone and Android apps for trading on the go. Each app supports price alerts, 30 technical studies for charting, the ability to draw trendlines, and auto-saving of your chart drawings. One caveat is that neither app syncs watchlists with your online account, so changes made on mobile won’t appear on web or desktop.
When it comes to quality, both mobile trading apps earn 4 out of 5 stars. That said, ForexBrokers.com ranks MultiBank higher in the Mobile Trading Apps category—#42 out of 63 brokers—compared with TopFX at #52. If you need strong charting tools and timely alerts, either app works well; if cross-device watchlist syncing is important, you may want to consider other platforms.
| Feature |
MultiBank
|
TopFX
|
|---|---|---|
| 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, 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 (Articles) | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | No | Yes |
| Client sentiment data | No | Yes |
| TipRanks | No | |
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
If you’re just getting started with forex and CFDs, MultiBank offers a clearer path than TopFX. MultiBank provides at least 10 beginner-focused video lessons, giving new traders an easy way to learn core concepts step by step. TopFX doesn’t meet that beginner video count, and neither broker runs monthly educational webinars. Both also lack a large set of advanced videos, so traders seeking higher-level forex education may need outside sources. In independent ratings, MultiBank scores 3.5 out of 5 stars for Education and ranks #50 out of 63 brokers, ahead of TopFX at 3 stars and #62.
For learners who prefer video tutorials, MultiBank is the more convenient choice for entry-level forex and CFD education. If you’re comfortable learning without many videos and don’t need regular webinars, TopFX can still fit the bill, but its beginner coverage is thinner. In short, MultiBank has the edge for beginners, while both brokers offer limited advanced content.
| Feature |
MultiBank
|
TopFX
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | 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
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|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 67 |
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Compare MultiBank vs TopFX for cryptocurrency trading: MultiBank lets you buy actual (delivered) cryptocurrency and trade cryptocurrency CFDs, while TopFX offers only cryptocurrency CFDs and does not support buying actual delivered crypto.
In a MultiBank vs TopFX comparison of payment methods for deposits and withdrawals, MultiBank supports ACH/SEPA transfers while TopFX does not, and details for both brokers regarding PayPal, Skrill, Visa/Mastercard, and bank wire transfers are not provided.
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 |
| Broker Screenshots | MultiBank | TopFX | |
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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, FSRA, or SCA 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| 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 | MultiBank | TopFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | MultiBank | TopFX | |
|---|---|---|---|
| Minimum Deposit | $50 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | MultiBank | TopFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | Yes |
| Trading Tools | MultiBank | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 38 | 30 | |
| 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 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 | MultiBank | TopFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | ||
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | TopFX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | MultiBank | TopFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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