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 |
XM Group and MultiBank both offer competitive services, but their commissions and fees have unique characteristics that suit different traders. XM Group's standard account spreads are considered pricey, and the average spreads for the XM Zero account, which charges commissions, are not made publicly available. Despite this, XM Group receives a 4-star rating for its commissions and fees and is ranked #33 out of 62 brokers by ForexBrokers.com.
Conversely, MultiBank provides three types of trading accounts: Standard, Pro, and ECN. The Standard account is accessible with a $50 minimum deposit, but it comes with higher spreads, making it more suitable for beginners. The Pro account, requiring a $1,000 deposit, offers better spread rates, and the ECN account provides the lowest spreads requiring a $10,000 deposit plus a $3 commission per trade. MultiBank also imposes a $60 inactivity fee for accounts without trading activity for 90 days. MultiBank also garners a 4-star rating and is ranked #38 out of 62 brokers in the same category by ForexBrokers.com.
Both XM Group and MultiBank have distinct strengths in their fee structures that cater to different trader profiles. XM provides competitive ratings despite its higher standard account spreads, whereas MultiBank offers diverse account options with varying deposit requirements, appealing to both novice and seasoned traders. Each broker's services and incentives deserve consideration depending on individual trading needs and investment levels.
| 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 XM Group and MultiBank for their range of investments, XM Group stands out with a more extensive selection of tradeable symbols, offering 1,394 compared to MultiBank's 1,042. Both platforms provide trading in forex as CFDs or spot contracts, but XM Group allows access to 55 tradeable forex pairs, surpassing MultiBank's offering of 40. Additionally, XM Group offers the opportunity to purchase exchange-traded securities on both U.S. and international exchanges, providing greater flexibility to investors interested in stocks like Apple and Vodafone. In contrast, MultiBank does not provide access to these exchange-traded securities.
While both brokers facilitate copy trading and offer cryptocurrency derivatives, MultiBank offers the unique ability to buy actual cryptocurrencies, a feature unavailable with XM Group. Reflecting these differences, XM Group earns a higher rating of 4.5 stars for their range of investments, compared to MultiBank's 4 stars. This distinction is further emphasized in their rankings by ForexBrokers.com, where XM Group is placed at #23 out of 62 brokers, marking them ahead of MultiBank, which ranks at #37.
| 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 comparing the trading platforms and tools of XM Group and MultiBank, both offer traders a wide range of options to begin their trading journey. Each broker provides a free virtual demo account, which is invaluable for beginners to practice trading with simulated funds. Both firms support popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), allowing users to access advanced trading tools and features. While MultiBank distinguishes itself with a proprietary platform, XM Group relies on established third-party systems. On the charting front, traders can execute trades directly from the stock charts with both brokers, although XM Group offers 15 drawing tools, whereas MultiBank provides a more extensive set of 17.
In terms of user interface, both XM Group and MultiBank facilitate trading on Windows-based desktop platforms as well as web-based browser platforms, ensuring versatile access choices for different user preferences. Copy trading, a popular feature that enables traders to replicate the trades of successful peers, is supported by both brokers, however, options like DupliTrade and ZuluTrade are not available. Watch lists provided by both brokers include 7 columns, offering a standard level of customizability. Despite these features, both XM Group and MultiBank have room for improvement, as seen in their respective platform ratings of four stars and their rankings by ForexBrokers.com, with XM Group at 31 out of 62 brokers and MultiBank at 39. While both brokers provide strong platforms and tools, XM Group holds a slight edge in rankings, suggesting a marginal preference among users.
| 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 offer iPhone and Android apps. They are similar in providing real-time quotes and price alerts for both stock and forex, and users can draw trendlines and view multiple time frames on their charts. Both apps boast 30 technical studies for enhanced charting capabilities. However, XM Group shines in its ability to sync watchlists between the mobile app and the client's online account, a feature not available with MultiBank. This means that any changes you make to your watchlists on XM Group will be seamless across devices. Unfortunately, neither app stands out in terms of auto-saving chart drawings, with XM Group lacking this feature entirely, whereas MultiBank covers this gap.
In terms of user ratings, both apps have received a strong four-star review from users, indicating a generally satisfying experience. However, there's a slight difference when it comes to their industry rankings. XM Group is placed at #29 by ForexBrokers.com in the Mobile Trading Apps category, outperforming MultiBank, which comes in at #41. So, if having synced watchlists and slightly better rankings matters to you, XM Group might be the better choice.
| 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 for market research offerings, XM Group clearly stands out. It provides daily market commentary and offers forex news from top-tier sources like Bloomberg and Reuters, ensuring traders are well-informed about the latest market developments. While both brokers supply an economic calendar to track global news events, XM Group further enhances its research support by offering technical analysis tools from Trading Central and a sentiment-based trading tool that displays long or short positions across currency pairs. In contrast, MultiBank lacks both the daily market commentary feature and the advanced sentiment tool that XM Group offers.
XM Group's focus on comprehensive market research is reflected in its higher rating and ranking. With a Research rating of 5 stars, XM Group ranks #8 out of 62 brokers according to ForexBrokers.com, while MultiBank scores 3.5 stars and ranks at #49. Though both brokers do not utilize resources from Acuity Trading or TipRanks, XM Group's dedication to providing quality research tools marks it as a superior choice for traders looking to deeply analyze the market landscape.
| 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 comparing the educational resources of online brokers XM Group and MultiBank, XM Group stands out as a comprehensive learning hub for beginners. Both brokers provide more than ten educational pieces, including articles and videos focused on forex and CFDs. However, XM Group takes its educational offerings further by delivering monthly live webinars and granting access to a searchable archive of past webinars. This feature is not offered by MultiBank. Additionally, XM Group caters to both novice and experienced traders with a robust collection of instructional videos. In contrast, MultiBank provides educational videos for beginners but lacks advanced content for seasoned traders.
The ratings and rankings of these brokers reflect their educational capabilities. XM Group earns a strong 5-star rating in education and holds the impressive 7th position among 62 brokers ranked by ForexBrokers.com. On the other hand, MultiBank has a lower education rating of 3.5 stars, placing it at the 50th position. While neither broker offers an investor dictionary, XM Group's diverse range of educational tools and content make it the preferred choice for those eager to learn and navigate the world of trading.
| 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 62 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
|
|---|---|---|
| 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 |
| Broker Screenshots | XM Group | MultiBank | |
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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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