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.
Comparing XM Group and MultiBank, both brokers offer a strong presence in the online trading world. XM Group, established in 2009, holds a ForexBrokers.com Trust Score of 93, placing it in the highly trusted category. MultiBank, founded in 2005, holds a Trust Score of 84, making it trusted but not to the same extent. Neither broker is publicly traded nor a bank. However, XM Group stands out by holding four Tier-1 licenses, indicating a higher level of regulatory oversight, while MultiBank holds three Tier-1 licenses.
Both brokers maintain a single Tier-2 license, showing a consistent level of secondary trust. The distinction in Trust Scores and regulatory licenses makes XM Group a more reliable choice for those seeking a highly regulated broker. While both are not publicly traded, their years of operation suggest seasoned experience in the financial markets. Although both brokers are trustworthy, XM Group's higher Trust Score and additional Tier-1 license could provide traders with added peace of mind.
| 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 |
Both XM Group and MultiBank earn 4 out of 5 stars for commissions and fees. In ForexBrokers.com’s rankings, XM Group is #34 out of 63 brokers, while MultiBank is #39. XM’s pricing leans higher on its Standard account, and the broker does not publish average spreads for its commission-based XM Zero account, making it harder to estimate total costs.
MultiBank offers three account types. The Standard account has a $50 minimum deposit and higher spreads. The Pro account lowers spreads with a $1,000 minimum. The ECN account aims for the lowest spreads but requires a $10,000 minimum and adds a small $3 round-trip commission per trade. Non-trading fees include a $60 monthly inactivity charge after 90 days without trading.
In short, XM’s Standard spreads are pricey and its Zero account lacks published average spread data, while MultiBank clearly outlines its tiered pricing, including the ECN commission and inactivity fee. Cost-focused traders may consider MultiBank’s ECN structure, whereas those looking at XM should factor in the limited visibility on the Zero account’s average spreads.
| 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 |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
XM Group and MultiBank both let you trade forex as CFDs or spot contracts, but XM Group offers a broader range of markets. XM lists 1,394 tradeable symbols and 55 forex pairs, compared with MultiBank’s 1,042 symbols and 40 pairs. In ForexBrokers.com’s Range of Investments category, XM Group earns 4.5/5 stars (ranked #25 of 63), while MultiBank scores 4/5 stars (ranked #38), reflecting XM’s wider selection.
The biggest difference is access to real, exchange-traded stocks: XM Group lets clients buy and sell actual shares on both U.S. and international exchanges, while MultiBank does not offer real stock trading. Both brokers support copy trading. For crypto, MultiBank allows you to buy actual coins, whereas XM Group does not; however, both provide cryptocurrency derivatives for traders who prefer not to own the underlying asset. Choose XM if you want more symbols, more forex pairs, and real stocks; pick MultiBank if owning actual crypto is a priority.
| 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 (Underlying) | 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.
XM Group and MultiBank both check the key boxes for trading platforms and tools. Each broker offers a free demo (paper) account, web and Windows desktop platforms, copy trading, and the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). A notable difference is that MultiBank provides a proprietary platform built in-house, while XM Group sticks to third-party platforms. Both brokers also let you place trades directly from charts, which can speed up trade execution.
When it comes to ratings, both XM Group and MultiBank earn 4 out of 5 stars for Trading Platforms and Tools. In ForexBrokers.com’s 2025 rankings, XM Group places #33 out of 63 brokers, while MultiBank comes in at #40. If you want the familiarity of the MetaTrader ecosystem without a house-built platform, XM Group fits the bill. If having an extra, broker-made platform matters to you, MultiBank offers that option alongside MT4 and MT5.
| Feature |
XM Group
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading 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 |
| Charting - Indicators / Studies (Total) | 30 | 38 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
XM Group and MultiBank both offer mobile trading apps for iPhone and Android, complete with stock and forex price alerts, real-time quote watchlists, trendline drawing, and 30 built-in technical studies for charting. Each app earns a 4-star Mobile Trading Apps rating. Key differences: XM Group syncs watchlists with your online account so changes carry across devices, while MultiBank does not; however, MultiBank auto-saves chart drawings, and XM Group does not.
Looking at third-party rankings from ForexBrokers.com, XM Group places #31 out of 63 brokers for Mobile Trading Apps, ahead of MultiBank at #42. If cross-device watchlist syncing matters most, XM Group is the better fit; if keeping your chart drawings saved automatically is a priority, MultiBank has the edge. Both apps cover the essentials for on-the-go forex and CFD trading on iPhone and Android.
| Feature |
XM Group
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing market research at XM Group vs MultiBank, XM offers a fuller toolkit. XM provides daily market commentary, top-tier forex news, Trading Central analysis, a sentiment tool that shows long/short positioning, and an economic calendar. MultiBank delivers top-tier forex news and an economic calendar, but it does not include daily commentary, Trading Central tools, or a sentiment tool. Neither broker offers Autochartist or TipRanks. Acuity Trading tools aren’t offered at XM, and their availability at MultiBank isn’t indicated.
Ratings reflect this gap: XM Group earns 5 stars for Research and ranks #8 out of 63 brokers on ForexBrokers.com, while MultiBank scores 3.5 stars and ranks #50. If you want frequent insights and built-in analysis features, XM is the stronger choice; if you just need a calendar and headline news, MultiBank covers the basics.
| Feature |
XM Group
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders seeking forex and CFD education, XM Group stands out for its live learning and depth of content. XM Group runs educational webinars at least once a month and offers 10+ beginner video lessons plus 10+ advanced videos to help you grow from basics to more complex strategies. This breadth helps newcomers keep learning as they progress. It’s reflected in independent ratings: XM Group earns 5 stars for Education and ranks #7 out of 63 brokers on ForexBrokers.com.
MultiBank is a simpler pick for beginners who want video lessons to get started, with 10+ beginner videos available. However, it does not host monthly educational webinars and does not offer 10+ advanced videos, which may limit next steps once you master the basics. That lighter lineup aligns with its 3.5-star Education score and #50 ranking out of 63. If you want ongoing guidance, live sessions, and material to advance beyond entry-level topics, XM Group is the stronger choice; if you only need basic beginner videos, MultiBank can cover that need.
| Feature |
XM Group
|
MultiBank
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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
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MultiBank
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| Trust Score | 93 | 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.
XM Group vs MultiBank: for online broker funding options, XM Group does not support ACH/SEPA or PayPal but does support Skrill and bank wire transfers, whereas MultiBank supports ACH/SEPA, does not support PayPal, and also supports Skrill and bank wire transfers; Visa/Mastercard availability is not specified for either broker.
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 | 93 | 84 | |
| Winner | check_circle | ||
| Review | XM Group Review | MultiBank Review |
| Broker Screenshots | XM Group | MultiBank | |
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| Regulation | XM Group | MultiBank | |
|---|---|---|---|
| Trust Score | 93 | 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) | |||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| 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 (Underlying) | 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 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | XM Group | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $5 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | Yes |
| Trading Platforms | XM Group | MultiBank | |
|---|---|---|---|
| Proprietary Desktop Trading 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 |
| Trading Tools | XM Group | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 38 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - 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 | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | MultiBank | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | XM Group | MultiBank | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD [DELETED] | |||
| Review | XM Group Review | MultiBank Review |
| Overall | XM Group | MultiBank | |
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| Trust Score | 93 | 84 | |
| Winner | check_circle | ||
| Review | XM Group Review | MultiBank Review |
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