Written by ForexBrokers.com
In this head to head comparison of XTB 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.
Founded in 2002, XTB is a well-established online broker that is publicly traded, enhancing its transparency to clients. It operates under two Tier-1 licenses, signaling a high level of trust, and two Tier-2 licenses, which are also seen as trustworthy. XTB's strong regulatory standing is reflected in its ForexBrokers.com Trust Score of 96 out of 99, classifying it as a highly trusted broker.
MultiBank, established in 2005, is another option in the online brokerage space. While it is not publicly traded, it holds three Tier-1 licenses, indicating a solid foundation of trust. Additionally, MultiBank has one Tier-2 license under its belt. With a ForexBrokers.com Trust Score of 84, MultiBank is classified as a trusted broker, providing clients a reliable choice within the industry.
| Feature |
XTB
|
MultiBank
|
|---|---|---|
| Year Founded | 2002 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
XTB provides two main account types with different fee structures: the spread-only Standard account and the commission-based Professional account, which is mainly for clients recognized as elective professionals in the UK and Europe. While XTB's pricing is generally aligned with industry norms, it doesn't quite reach the competitive edge of the top brokers. Using data from Q4 2023, the average forex spreads for the EUR/USD pair stood at 1 pip. For retail forex traders, the Standard account offers better value, especially since the Pro account is phasing out in certain regions, except for existing clients. Notably, active traders may benefit from XTB's Lower Spread Group program, which rebates part of the spread, depending on trading volumes.
In comparison, MultiBank offers three distinct account types for forex and CFD trading: Standard, Pro, and ECN. The Standard account requires a minimal deposit of $50 but often carries higher spreads, making it less ideal unless you are new to trading. For traders seeking reduced spreads, the Pro account demands a $1,000 deposit, while the ECN account offers the tightest spreads and imposes a $3 round-trip commission with a hefty $10,000 initial deposit. However, non-trading fees like a $60 inactivity charge apply for accounts dormant for over 90 days.
In terms of ratings, XTB stands strong with a 4.5-star rating for its commissions and fees, placing it at the 11th spot out of 62 brokers evaluated by ForexBrokers.com. MultiBank follows with a respectable 4-star rating, ranking 38th in the same category. This comparison highlights the strengths and potential considerations for both brokers regarding their cost structures and value for different trader profiles.
| Feature |
XTB
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 1.00 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | 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 between XTB and MultiBank, XTB stands out with a significantly broader selection. XTB offers an impressive 7,184 tradable symbols, including 71 forex pairs, and provides access to exchange-traded securities on both U.S. and international markets. This means investors with XTB can directly purchase popular stocks such as Apple and Vodafone. In contrast, MultiBank presents a selection of 1,042 tradable symbols with 40 forex pairs and lacks direct access to U.S. and international equities, as it does not offer these exchange-traded securities.
While both XTB and MultiBank allow trading forex as CFDs or spot contracts, their offerings diverge when it comes to other investment products. MultiBank offers unique opportunities with copy trading and the purchase of actual cryptocurrencies, which XTB does not provide, but both brokers permit trading in cryptocurrency derivatives. Despite these differences, XTB's wider range of offerings and higher ratings—earning 5 stars and a #14 ranking for range of investments—position it favorably against MultiBank's 4-star rating and #37 ranking.
| Feature |
XTB
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 1042 |
| Forex Pairs (Total) | 71 | 40 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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.
XTB and MultiBank both provide solid trading platforms and tools, catering to various trading needs. Both brokers offer simulated trading via free virtual demo accounts and have developed proprietary platforms in-house. Traders will appreciate the option of using Windows-based desktop platforms and web-based platforms from either broker. However, those interested in copy trading and MetaTrader platforms may find MultiBank more appealing. MultiBank supports both MetaTrader 4 and 5 and provides copy trading services, whereas XTB does not. Despite this, XTB shines with its extensive selection of drawing tools for charting, offering 32 compared to MultiBank's 17.
In terms of usability, XTB facilitates direct trading from stock charts and boasts comprehensive watch lists with eight fields, surpassing MultiBank's seven. On overall performance, XTB is rated at 4.5 stars for its trading platforms and tools, ranking it 9th out of 62 brokers by ForexBrokers.com. MultiBank, while slightly behind with a 4-star rating, stands at a rank of 39. Both brokers provide a reliable trading environment, but XTB's higher rating and ranking suggest an edge in this competitive field.
| Feature |
XTB
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 39 | 38 |
| Charting - Drawing Tools (Total) | 32 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both XTB and MultiBank offer comprehensive mobile trading applications available on Android and iPhone, providing a range of essential features for traders on the go. Both apps allow users to receive stock or forex price alerts and create real-time quote watchlists, ensuring traders stay updated with market movements. In terms of charting capabilities, XTB leads with 39 technical studies, compared to MultiBank’s 30. Both platforms support drawing trendlines and viewing multiple time frames like daily or intraday directly in the app, with saved drawings to streamline analysis.
One area where both XTB and MultiBank fall short is in watchlist symbol syncing between their mobile apps and online accounts, which means changes made in one location do not automatically reflect in the other. However, user ratings reveal a slight edge for XTB with a 4.5-star rating, ranking 8th out of 62 brokers by ForexBrokers.com, while MultiBank earns 4 stars with a rank of 41. This suggests that while both provide solid mobile trading experiences, XTB is generally favored for its greater array of technical studies and overall user satisfaction.
| Feature |
XTB
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of XTB and MultiBank, XTB emerges as the more comprehensive choice for traders seeking insightful market commentary and tools. XTB provides daily market commentary, enhancing investors' ability to stay updated on market trends. Both XTB and MultiBank offer forex news from reputable sources like Bloomberg and Reuters, ensuring that traders have access to reliable financial information. However, when it comes to sentiment-based trading tools, XTB triumphs as it offers features that show the ratio of long and short positions across currency pairs, a tool that MultiBank lacks.
In terms of accessibility to various research tools, both brokers do not provide resources from Autochartist, Trading Central, TipRanks, or Acuity Trading, which might limit users seeking diverse analytical utilities. On the positive side, both brokers furnish an economic calendar displaying global news events, aiding traders in making informed decisions. Nevertheless, XTB's research capabilities shine brighter with a 5-star rating, significantly surpassing MultiBank's 3.5-star score. Ranked by ForexBrokers.com, XTB holds a strong #7 position among 62 brokers in the Research category, while MultiBank lags at #49, emphasizing XTB's superior commitment to market research.
| Feature |
XTB
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | 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 beginners, XTB and MultiBank both provide essential learning materials on forex and CFDs, each offering a wide range of educational content like articles, videos, and archived webinars. However, XTB clearly stands out by offering monthly educational webinars that are not available with MultiBank, giving beginners an opportunity to interact and learn in real-time. XTB also has an easily accessible archive of these webinars, allowing users to revisit past sessions as needed.
Both platforms cater to new traders with a collection of beginner-focused educational videos. However, XTB extends its offerings with a series of advanced videos aimed at experienced traders, a feature that MultiBank does not provide. Although neither platform offers an investor dictionary, XTB is recognized with a higher education rating and ranks significantly better in the Education category on ForexBrokers.com, earning 5 stars and the 11th rank, compared to MultiBank’s 3.5 stars and 50th position. These differences make XTB a stronger choice for educational resources, especially for traders seeking comprehensive learning and growth opportunities.
| Feature |
XTB
|
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 XTB is better than MultiBank. XTB finished with an overall rank of #7, while MultiBank finished with an overall rank of #40.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
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MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 84 |
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While both XTB and MultiBank offer the ability to trade cryptocurrency derivatives, only MultiBank provides the option to buy actual delivered cryptocurrency.
When comparing the online brokers XTB and MultiBank, it's noteworthy that XTB supports PayPal and Skrill for deposits and withdrawals, while MultiBank does not offer PayPal but does provide ACH or SEPA transfers, a feature unavailable with XTB; both platforms, however, accept Visa, Mastercard, and bank wire transfers.
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 | XTB | MultiBank | |
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| Trust Score | 96 | 84 | |
| Winner | check_circle | ||
| Review | XTB Review | MultiBank Review |
| Broker Screenshots | XTB | MultiBank | |
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| Regulation | XTB | MultiBank | |
|---|---|---|---|
| Trust Score | 96 | 84 | |
| Year Founded | 2002 | 2005 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | XTB | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | Yes | 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) | XTB | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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) | No | No |
| Investments | XTB | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 1042 | |
| Forex Pairs (Total) | 71 | 40 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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 | XTB | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 1.00 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XTB | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | XTB | MultiBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XTB | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 39 | 38 | |
| Charting - Drawing Tools (Total) | 32 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | MultiBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 39 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XTB | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XTB | 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 | XTB | 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 | XTB Review | MultiBank Review |
| Overall | XTB | MultiBank | |
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| Trust Score | 96 | 84 | |
| Winner | check_circle | ||
| Review | XTB Review | MultiBank Review |
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