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 |
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 investments offered by XM Group and MultiBank, there are several key differences that potential investors should consider. XM Group provides an extensive selection of 1,394 tradeable symbols compared to MultiBank's offering of 1,042. For those interested in forex trading, both platforms support forex trading as a CFD or spot contract, but XM Group offers a wider array with 55 tradeable forex pairs, while MultiBank offers 40. Additionally, XM Group stands out by allowing clients to purchase exchange-traded securities directly from both U.S. and international exchanges, enabling investments in well-known stocks like Apple and Vodafone. In contrast, MultiBank does not provide the opportunity to purchase exchange-traded securities directly from these exchanges.
Both XM Group and MultiBank offer the option for copy trading and support the buying of cryptocurrency derivatives, providing users with diverse strategies for engaging with the market. However, only MultiBank allows clients to buy actual cryptocurrencies rather than just derivatives. According to ForexBrokers.com, XM Group receives a 4.5-star rating for its range of investments, ranking #24 out of 63 brokers, whereas MultiBank is awarded a 4-star rating, ranking #37. This positions XM Group as a slightly more versatile option for investors seeking a broad array of investment opportunities.
| 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 offered by XM Group and MultiBank, both brokers provide a range of features catering to different trading needs. XM Group and MultiBank both offer simulated or paper trading through free virtual demo accounts, allowing users to practice trading without financial risk. For traders preferring desktop or web-based platforms, both brokers have Windows-based desktop downloads and web-based solutions. XM Group stands out by utilizing popular third-party platforms like MetaTrader 4 and MetaTrader 5, while MultiBank offers both these MetaTrader platforms alongside their own proprietary trading platform, providing a unique option developed in-house.
Copy trading is available with both brokers, enhancing opportunities for traders to follow successful strategies. In terms of technical capabilities, both platforms allow trading directly from stock charts. XM Group offers 15 drawing tools for charting, while MultiBank provides slightly more at 17, adding a little more flexibility. For watch lists, both offer seven columns for data viewing. Ranked #32 by ForexBrokers.com, XM Group is slightly ahead of MultiBank, which holds the 39th position. Despite this, both brokers receive a solid rating of 4 stars out of 5 for their trading platforms and tools, reflecting strong, reliable offerings in the market.
| 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.
Both XM Group and MultiBank offer comprehensive mobile trading apps available for iPhone and Android users, providing traders with essential tools like stock and forex price alerts. While both brokers include 30 technical studies for charting and support trendline drawing, XM Group takes a notable lead with watchlist symbol syncing. This feature ensures users experience seamless changes across platforms, something MultiBank does not support. On the flip side, MultiBank's app stands out with its capability to automatically save chart drawings, a beneficial feature for those who frequently update their analyses.
Both apps allow viewing multiple time frames on forex and stock charts and the creation of watchlists with real-time quotes, catering to both basic and advanced trading needs. Ranked by ForexBrokers.com, XM Group's app has a slight edge, standing at #30 compared to MultiBank's #41 out of 63 brokers, although both manage to achieve a respectable 4-star rating. Overall, XM Group's mobile app seems more integrated for users looking for synced experiences, whereas MultiBank's app offers ease with its auto-save functionality.
| 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 evaluating the market research offerings of online brokers XM Group and MultiBank, XM Group distinguishes itself with a range of helpful tools. XM Group provides daily market commentary, giving clients a consistent stream of insights. They also supply forex news from top-tier sources like Bloomberg and Reuters, along with access to technical analytics through Trading Central. Additionally, XM Group supports traders with a sentiment-based trading tool to view the ratio of long or short positions across currency pairs, as well as an economic calendar highlighting global news events. Meanwhile, MultiBank offers forex news from esteemed sources and an economic calendar to assist traders but does not provide XM Group's broader array of research tools.
Moreover, XM Group achieves an impressive 5-star rating for its research offerings and is ranked #8 out of 63 brokers by ForexBrokers.com. This reflects its comprehensive and accessible market research services. Conversely, MultiBank receives a 3.5-star rating and holds a #49 ranking in the same category. Though both brokers provide valuable resources for traders, XM Group's blend of daily commentary, top-tier news, and advanced analytical tools contribute to its superior standing in market research.
| 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 | |
| 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
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MultiBank
|
|---|---|---|
| Overall Rating |
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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.
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 | 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/Central Bank 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 (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 | 93 | 84 | |
| Winner | check_circle | ||
| Review | XM Group Review | MultiBank Review |
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