MultiBank vs Vestle 2023

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, MultiBank offers better pricing overall for traders.

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. MultiBank holds 2 global Tier-1 licenses, while Vestle holds 1. Both MultiBank and Vestle hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, MultiBank earned a higher Trust Score than Vestle.

To compare the trading platforms of both MultiBank and Vestle, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, MultiBank offers a better experience. With research, Vestle offers superior market research. Finally, we found MultiBank to provide better mobile trading apps.

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

Vestle provides traders 88 currency pairs (e.g., EUR/USD) compared to MultiBank's 41 available pairs. Forex pairs aside, MultiBank offers traders access to 1042 CFDs while Vestle has 750 available CFDs, a difference of 292.

MultiBank Group is not publicly traded, does not operate a bank, and is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and three tier-3 regulators (low trust). MultiBank Group is authorised by the following tier-1 regulators: the Australian Securities & Investment Commission (ASIC) and the Monetary Authority of Singapore (MAS). Learn more about Trust Score.

Vestle is not publicly traded and does not operate a bank. Vestle is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). Vestle is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA).

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.

Vestle is operated by a long-standing company, previously known as iForex, with regulatory status in a growing number of jurisdictions, offering forex and CFDs through its proprietary platform. The biggest drawback is the lack of markets you can trade with fewer than 200, compared to the best multi asset forex and CFD brokers.