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 |
When comparing the commissions and fees of XTB and MultiBank, both offer distinct pricing structures to cater to different trading needs. XTB provides two main account types: the spread-only Standard account and a commission-based Professional account, with the latter being more limited in availability. Generally, XTB's pricing aligns with the industry average but falls short of the top brokers. For retail forex traders, the Standard account is the more practical option, as it is widely accessible and typically less expensive for smaller trades. Additionally, XTB rewards active traders in the EU with spread rebates through its Lower Spread Group program, offering up to a 30% discount after certain trading volume thresholds are met. XTB earns 4.5 stars and ranks #11 out of 63 brokers in the Commissions and Fees category.
MultiBank, on the other hand, offers three account types: Standard, Pro, and ECN, each with varying cost structures. The Standard account has a low minimum deposit of $50 but comes with higher spreads, making it less appealing for more experienced traders. The Pro account, which requires a $1,000 deposit, offers reduced spreads, while the ECN account provides the lowest spreads coupled with a $10,000 deposit and a $3 commission per trade. MultiBank also imposes a $60 monthly inactivity fee after 90 days without trading. MultiBank earns a 4-star rating and is positioned at #38 out of 63 brokers for Commissions and Fees.
| 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 offered by XTB and MultiBank, several differences and advantages emerge for each platform. XTB stands out with a significantly larger selection of tradeable symbols, featuring 7,184 options compared to MultiBank's 1,042. Furthermore, XTB provides access to 71 forex pairs, whereas MultiBank offers 40. XTB clients can buy exchange-traded securities from both U.S. and international markets, such as Apple shares on NASDAQ or Vodafone on the London Stock Exchange, a feature that MultiBank does not offer. In terms of cryptocurrency offerings, XTB provides the ability to trade cryptocurrency derivatives, while MultiBank allows clients the option to purchase actual cryptocurrencies in addition to trading derivatives. Lastly, XTB has a competitive rating of 5 stars for its range of investments and ranks #14 out of 63 brokers, while MultiBank, rated 4 stars, ranks at #37.
MultiBank appeals to investors interested in copy trading, which XTB does not provide. For those seeking to engage in spot or CFD forex trading, both XTB and MultiBank offer these services. Despite the differences in the range of securities offered, both brokers provide robust options aligned with diverse investor needs. Each platform thus caters to different investment goals, with XTB favoring a wider securities market access and MultiBank emphasizing additional trading features like copy trading and purchasing actual cryptocurrencies.
| 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.
When comparing the trading platforms and tools of XTB and MultiBank, both brokers offer simulated trading with free virtual demo accounts and have developed their own proprietary platforms. Traders can access desktop platforms on Windows and web-based platforms with both brokers. However, MultiBank stands out with copy trading and support for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular among traders. Unfortunately, neither broker supports DupliTrade or ZuluTrade. XTB provides 32 drawing tools for charting, offering a more extensive set compared to MultiBank's 17 tools, making XTB a better choice for detailed technical analysis. Both brokers allow trading directly from stock charts.
XTB slightly edges ahead in user experience and features, as reflected by its 4.5-star rating for trading platforms and tools, compared to MultiBank's 4-star rating. This margin is supported by ForexBrokers.com's ranking where XTB is placed at #9 out of 63 brokers in the Trading Platforms and Tools category, while MultiBank holds the #39 spot. In terms of watchlist customization, XTB offers more flexibility with 8 columns for fields, compared to MultiBank's 7. Ultimately, XTB seems to offer a more refined trading experience, particularly in charting tools and overall platform recognition.
| 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.
When comparing the mobile trading apps of XTB and MultiBank, both platforms offer applications for iPhone and Android devices, ensuring accessibility across major mobile systems. They provide key features such as stock or forex price alerts and allow users to draw trendlines on charts. Both apps also support viewing charts in multiple time frames and auto-save any drawings made. Although neither app currently syncs watchlist symbols between mobile and online accounts, they both offer the ability to create watchlists with real-time quotes.
In terms of technical analysis, XTB offers an advantage with 39 technical studies available, compared to 30 with MultiBank. User ratings also favor XTB, which scores 4.5 stars out of five, placing it at #8 in the Mobile Trading Apps ranking by ForexBrokers.com. Meanwhile, MultiBank is rated slightly lower at 4 stars, with a ranking of #41 in the same category. For those weighing options, XTB may provide a slightly more feature-rich experience for technical analysis and have more favorable user reviews.
| 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 it comes to market research, XTB stands out by offering daily market commentary that provides traders with timely insights, a feature not available with MultiBank. Both online brokers deliver forex news from renowned sources like Bloomberg and Reuters. However, XTB further enriches its toolkit with a sentiment-based trading tool that reflects trader positions across various instruments, a valuable feature missing from MultiBank's offerings. Additionally, both platforms provide an economic calendar that highlights key global events, helping traders stay informed of important economic developments around the world.
Despite some overlaps in offerings, XTB is rated higher for research with a stellar five-star rating, compared to MultiBank's 3.5 stars. This superior rating is reflected in XTB's impressive ranking of #7 in the research category by ForexBrokers.com, a notable jump from MultiBank's position at #49. This disparity makes XTB a more appealing choice for traders seeking comprehensive market insights and tools to enhance their trading decisions. While neither broker integrates company-powered research tools from Autochartist, Trading Central, TipRanks, or Acuity Trading, they both promise critical features that support informed trading strategies.
| 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 a collection of useful learning materials on forex and CFDs, each with a selection of over ten articles, videos, or archived webinars. However, XTB distinguishes itself by offering at least one live educational webinar every month, while MultiBank does not include this feature. Additionally, XTB provides access to a searchable archive of past webinars. Both brokers cater to newcomers with at least ten beginner-focused educational videos, though XTB goes a step further with advanced videos for seasoned traders, which MultiBank lacks.
The differences continue to reflect in their ratings and rankings, where XTB garners five stars for its educational offerings, compared to MultiBank's 3.5 stars. This disparity is further underscored by XTB's #11 rank in the education category at ForexBrokers.com, a significant leap from MultiBank's position at #50. While neither broker offers an investor dictionary with investing terms, XTB's broader and more interactive educational package positions it as a more extensive choice for beginners seeking in-depth learning opportunities in the trading world.
| 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 63 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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