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MultiBank vs Vestle 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is MultiBank better than Vestle? In our analysis of 23 international regulators across 62 of the best forex brokers, MultiBank Group is considered trusted, with an overall Trust Score of 82 out of 99. Vestle is considered average-risk, with an overall Trust Score of 79 out of 99. Learn more about Trust Score.

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Overall RatingMultiBankVestle
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 3/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3/5 Stars 3/5 Stars
Trust Score 82 79
Winner check_circle
Review MultiBank Review
RegulationMultiBankVestle
Trust Score 82 79
Year Founded 2005 1996
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union No No info
Tier-1 Licenses 2 1
Tier-2 Licenses 1 1
Tier-3 Licenses 3 1
Tier-1 Licenses (High Trust)MultiBankVestle
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) Yes No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) No Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)MultiBankVestle
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) Yes No
Tier-3 Licenses (Low Trust)MultiBankVestle
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) Yes No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) Yes Yes
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) Yes No
InvestmentsMultiBankVestle
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 1042 750
Forex Pairs (Total) 41 88
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading Yes No
Cryptocurrency (Physical) Yes No
Cryptocurrency (CFD) 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).
CostMultiBankVestle
Average Spread EUR/USD - Standard N/A N/A
All-in Cost EUR/USD - Active N/A N/A
Active Trader or VIP Discounts No No
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
FundingMultiBankVestle
Minimum Deposit $50 -1
PayPal (Deposit/Withdraw) No Yes
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsMultiBankVestle
Proprietary Platform No Yes
Desktop Platform (Windows) Yes No
Web Platform Yes Yes
Social Trading / Copy Trading Yes No
MetaTrader 4 (MT4) Yes No
MetaTrader 5 (MT5) Yes No
cTrader Yes No
DupliTrade No No
ZuluTrade No No
Trading ToolsMultiBankVestle
Virtual Trading (Demo) Yes No
Alerts - Basic Fields Yes No
Watchlists - Total Fields 7 9
Charting - Indicators / Studies (Total) 38 57
Charting - Drawing Tools (Total) 17 25
Charting - Trade From Chart Yes Yes
Charts can be saved Yes No
Mobile TradingMultiBankVestle
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes No
Mobile Watchlist Yes No
Watchlist Syncing No No
Mobile Charting - Indicators / Studies 30 N/A
Mobile Charting - Draw Trendlines Yes No
Mobile Charting - Multiple Time Frames Yes No
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes No
ResearchMultiBankVestle
Daily Market Commentary No Yes
Forex News (Top-Tier Sources) Yes No
Autochartist No No
Trading Central (Recognia) No Yes
Social Sentiment - Currency Pairs No Yes
Economic Calendar Yes Yes
EducationMultiBankVestle
Has Education - Forex or CFDs No No
Client Webinars No No
Client Webinars (Archived) No No
Videos - Beginner Trading Videos No Yes
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) No No
Major Forex PairsMultiBankVestle
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
OverallMultiBankVestle
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 3/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3/5 Stars 3/5 Stars
Trust Score 82 79
Winner check_circle
Review MultiBank Review
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MultiBank vs Vestle Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare MultiBank vs Vestle.

Does MultiBank or Vestle offer lower pricing?

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.

Is MultiBank or Vestle safer for forex and CFDs trading?

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.

Which trading platform is better: MultiBank or 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.

What about MetaTrader and copy trading?

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.

How many forex pairs and CFDs are available to trade?

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.

Can I trust MultiBank?

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.

Can I trust Vestle?

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).

Is MultiBank good?

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.

Is Vestle good?

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.

Overall winner: MultiBank

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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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