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