ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

XM Group vs MultiBank 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of XM Group vs MultiBank, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

XM Group
4.5/5 Stars Overall
  • Minimum Deposit: $5
  • Trust Score: 88
  • Tradeable Symbols (Total): 1394
MultiBank
4/5 Stars Overall
  • Minimum Deposit: $50
  • Trust Score: 84
  • Tradeable Symbols (Total): 1042

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.

Regulation

When comparing XM Group and MultiBank, both established players in the financial sector, regulatory standing is a key consideration. Founded in 2009, XM Group holds an impressive four Tier-1 licenses and one Tier-2 license, reflecting its strong regulatory compliance. This backing contributes to its trust score of 88, situating it in the trusted category according to ForexBrokers.com. However, XM Group is not a publicly traded company nor a bank, adding a layer of transparency to its operations without the stock exchange influence.

On the other hand, MultiBank, founded in 2005, is also not publicly traded nor a bank. It holds three Tier-1 licenses and one Tier-2 license, aligning with its trust score of 84, which still places it within the trusted range as per ForexBrokers.com. While both brokers provide a reliable platform for online trading, XM Group edges out slightly in regulatory standing with more Tier-1 licenses and a higher trust score. Users should weigh these factors when considering their trading options.

Feature XM Group logoXM Group
MultiBank logoMultiBank
Year Founded info 2009 2005
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 4 3
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 3

Fees

When evaluating the commissions and fees of XM Group, it's essential to highlight that its standard account spreads are on the higher side and the broker does not publish average spreads for its XM Zero account, which is based on commission. This lack of transparency can make it difficult for traders to fully understand the cost associated with XM Group's services. Despite these concerns, XM Group still manages to receive a respectable rating of 4 out of 5 stars for commissions and fees, ranking it #33 out of 63 brokers according to ForexBrokers.com.

In contrast, MultiBank offers a diverse range of account options tailored to various trading needs, including Standard, Pro, and ECN accounts. Beginners might find the Standard account accessible due to its low $50 minimum deposit, although the higher spreads might not be ideal for more experienced traders. The Pro account, with a $1,000 minimum deposit, provides relatively lower spreads, offering better value. For the most competitive spreads, the ECN account is optimal, requiring a $10,000 deposit and a modest $3 commission per trade. However, traders should be mindful of a $60 monthly inactivity fee if their account is inactive for 90 days. MultiBank also earns a 4-star rating for commissions and fees, ranking slightly lower at #38 out of 63 brokers.

Overall, both XM Group and MultiBank provide competitive offerings in terms of commissions and fees, each with distinct advantages and considerations. XM Group's transparency issues around average spreads are offset by its favorable rating and ranking, while MultiBank's tiered account structure provides flexibility to suit varying trading levels, albeit with a notable inactivity fee. Each broker's options serve different financial strategies and preferences, ensuring a balanced field for traders to explore.

Feature XM Group logoXM Group
MultiBank logoMultiBank
Minimum Deposit info $5 $50
Average Spread EUR/USD - Standard info 1.6 info N/A
All-in Cost EUR/USD - Active info 0.8 info N/A
Active Trader or VIP Discounts info No No
ACH or SEPA Transfers info No Yes
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing the range of investment options between XM Group and MultiBank, XM Group stands out with an impressive array of 1,394 tradeable symbols, eclipsing MultiBank’s offering of 1,042. Both brokers provide traders with access to forex trading through CFDs or spot contracts. However, XM Group offers a wider selection of tradeable forex pairs with 55 available options, compared to MultiBank’s 40 pairs. Additionally, XM Group provides clients the opportunity to invest directly in exchange-traded securities on both U.S. and international markets, making it possible to purchase shares like Apple (NASDAQ: AAPL) and Vodafone on their respective exchanges. Conversely, MultiBank does not offer exchange-traded securities for direct purchase on these markets.

Both XM Group and MultiBank cater to traders interested in using copy trading and accessing cryptocurrency derivatives. Yet, when it comes to owning actual, delivered cryptocurrencies, MultiBank delivers this option, whereas XM Group does not. In terms of investment range ratings, XM Group scores a commendable 4.5 stars, slightly ahead of MultiBank's 4 stars. This advantage is reflected in their rankings, as XM Group is positioned 23rd among 63 brokers for range of investments on ForexBrokers.com, surpassing MultiBank, which is ranked 37th. Such distinctions highlight XM Group’s broader investment scope and might appeal to investors seeking extensive trading options, particularly in traditional and international securities.

Feature XM Group logoXM Group
MultiBank logoMultiBank
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1394 1042
Forex Pairs (Total) info 55 40
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No Yes
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

When it comes to trading platforms and tools, both XM Group and MultiBank provide comprehensive options for traders, appealing to beginners and experienced users alike. XM Group and MultiBank both offer simulated trading through free virtual demo accounts, making them excellent choices for new traders to practice without financial risk. Although XM Group does not have a proprietary trading platform, both brokers support industry-standard platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available on Windows-based desktop and web-based platforms. Both brokers offer copy trading services but do not support third-party platforms like DupliTrade or ZuluTrade.

Charting capabilities between the two brokers have slight variations, with XM Group providing 15 drawing tools compared to MultiBank's 17. Both brokers allow for direct trading from stock charts, which enhances ease of execution. Additionally, they both provide seven fields for watch lists, ensuring comprehensive monitoring of trading instruments. In terms of market ratings, both XM Group and MultiBank hold a four-star rating for trading platforms and tools. However, XM Group ranks slightly higher at #31 compared to MultiBank’s #39 in ForexBrokers.com's category rankings. This subtle difference could be an influential factor for traders evaluating the two based on user experience and platform offerings.

Feature XM Group logoXM Group
MultiBank logoMultiBank
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 38
Charting - Drawing Tools (Total) info 15 17
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When it comes to mobile trading apps, both XM Group and MultiBank provide a comprehensive suite of features for iPhone and Android users. Traders will find that both platforms support stock and forex price alerts, ensuring they are always kept in the loop about market movements. Creating watchlists with real-time updates is another shared feature, making it easier to track preferred stocks or currency pairs. While both offer charting capabilities with 30 technical studies and the ability to draw trendlines and view different time frames, XM Group and MultiBank differ when it comes to watchlist syncing and auto-saving chart drawings. XM Group offers watchlist syncing between their mobile app and online account, a feature not available with MultiBank. In contrast, MultiBank's app can auto-save drawings on charts, which XM Group's app does not provide.

Users exploring mobile trading apps will appreciate that both XM Group and MultiBank offer intuitive features tailored to enhance trading experiences. The ability to seamlessly transition between daily, weekly, and intraday charts is offered by both apps, catering to diverse trading strategies. Although both brokers earned a commendable four-star rating for their mobile trading apps, ForbesBrokers.com ranks XM Group higher at #29 compared to MultiBank's #41, from a total of 63 brokers. These rankings, combined with each app's distinctive offerings, provide users the information needed to make an informed decision based on personal preferences and trading needs.

Feature XM Group logoXM Group
MultiBank logoMultiBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing XM Group and MultiBank in terms of market research offerings, XM Group provides a more comprehensive suite of tools and insights. XM Group offers daily market commentary and delivers forex news from top-tier sources like Bloomberg and Reuters. Moreover, they provide technical analytics through Trading Central and a sentiment-based trading tool to gauge market positions across currency pairs. Additionally, XM Group includes an economic calendar that highlights both current and upcoming global news events, making it a well-rounded choice for traders seeking in-depth research.

MultiBank, on the other hand, while offering forex news from reputable sources and an economic calendar, lacks some of the advanced tools that XM Group provides. Unlike XM Group, MultiBank does not feature daily market commentary, Trading Central tools, or sentiment-based trading tools. These differences are reflected in their ratings, with XM Group earning 5 out of 5 stars for research compared to MultiBank's 3.5 stars. In overall ranking, XM Group stands at 8th place among 63 brokers in the research category, whereas MultiBank is positioned at 49th, highlighting XM Group’s superior market research offerings.

Feature XM Group logoXM Group
MultiBank logoMultiBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginner traders, both XM Group and MultiBank stand out by offering a minimum of ten pieces of educational content focused on forex and CFDs. However, XM Group takes it a step further with monthly online educational webinars, providing real-time learning opportunities that MultiBank currently does not offer. Additionally, XM Group allows traders to access a searchable archive of previously recorded webinars, a feature that enhances continued learning and is not available with MultiBank.

Both brokers present beginner-friendly educational videos, with XM Group also delivering advanced trading videos for more experienced traders, which MultiBank lacks. Interestingly, neither broker provides an investor dictionary with a comprehensive list of investing terms. Overall, XM Group has received a higher education rating with five stars, placing at a commendable 7th rank among 63 brokers on ForexBrokers.com. In contrast, MultiBank holds a 3.5-star rating, positioning it at 50th in the same category. This distinction underscores XM Group's commitment to offering a comprehensive and accessible education experience for both new and seasoned traders.

Feature XM Group logoXM Group
MultiBank logoMultiBank
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info No No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that XM Group is better than MultiBank. XM Group finished with an overall rank of #17, while MultiBank finished with an overall rank of #40.

XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.

Feature XM Group logoXM Group
MultiBank logoMultiBank
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 88 84
Range of Investments 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with XM Group or MultiBank?

While XM Group does not support the purchase of actual cryptocurrencies but offers cryptocurrency derivatives, MultiBank provides the option to buy both actual cryptocurrencies and derivatives, catering to a broader spectrum of cryptocurrency investors.

What funding options does each broker offer?

While both XM Group and MultiBank provide the convenience of using Skrill, Visa, Mastercard, and bank wires for deposits and withdrawals, MultiBank holds an edge by additionally supporting ACH or SEPA transfers, a feature not available with XM Group, and neither broker offers PayPal as a transaction method.




announcementPlease 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

×
  • check_box_outline_blankcheck_boxActivTrades
  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmirals
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxi
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxEarn
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFinecoBank
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXGT.com
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxiFOREX
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxIUX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMarkets4you
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxMultiBank
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxQuestrade
  • check_box_outline_blankcheck_boxRoboForex
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade

Compare

0 of 5
Overall Rating XM Group MultiBank
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 88 84
Winner check_circle
Review XM Group Review MultiBank Review
Broker Screenshots XM Group MultiBank
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation XM Group MultiBank
Trust Score info 88 84
Year Founded info 2009 2005
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes
Tier-1 Licenses info 4 3
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 3
Tier-1 Licenses (Highly Trusted) XM Group MultiBank
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No Yes
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes
Tier-2 Licenses (Trusted) XM Group MultiBank
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments XM Group MultiBank
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1394 1042
Forex Pairs (Total) info 55 40
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No Yes
Cryptocurrency (Derivative) info 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 XM Group MultiBank
Average Spread EUR/USD - Standard info 1.6 info N/A
All-in Cost EUR/USD - Active info 0.8 info N/A
Active Trader or VIP Discounts info No No
Inactivity Fee info Yes Yes
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding XM Group MultiBank
Minimum Deposit info $5 $50
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No Yes
Trading Platforms XM Group MultiBank
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools XM Group MultiBank
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 38
Charting - Drawing Tools (Total) info 15 17
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading XM Group MultiBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Economic Calendar info Yes Yes
Research XM Group MultiBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education XM Group MultiBank
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info No No
Major Forex Pairs XM Group MultiBank
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review XM Group Review MultiBank Review
Overall XM Group MultiBank
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 88 84
Winner check_circle
Review XM Group Review MultiBank Review
arrow_upward

close