XTB vs MultiBank 2023

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, XTB offers better pricing overall for traders.

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. MultiBank holds 3 global Tier-1 licenses, while XTB holds 2. XTB holds 2 global Tier-2 licenses, while MultiBank holds 1. In our analysis of 23 international regulators across 50 brokers, XTB (96) earned a higher Trust Score than MultiBank (84).

To compare the trading platforms of both XTB and MultiBank, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, XTB offers a better experience. With research, XTB offers superior market research. Finally, we found XTB to provide better mobile trading apps.

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both XTB and MultiBank offer MetaTrader 4 (MT4).XTB and MultiBank both offer copy trading.

XTB provides traders 57 currency pairs (e.g., EUR/USD) compared to MultiBank's 41 available pairs. Forex pairs aside, XTB offers traders access to 6010 CFDs while MultiBank has 1042 available CFDs, a difference of 4968.

XTB is a publicly traded company that is authorised by two tier-1 regulators (highly trusted), two tier-2 regulators (trusted), zero one tier-3 regulators (average risk), and zero tier-4 regulators (high risk). XTB is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA) and European Union Authorized (MiFID)

MultiBank Group is not publicly traded, does not operate a bank, and is authorised by three Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and three Tier-4 regulators (High Risk). MultiBank Group is authorised by the following Tier-1 regulators: the Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS, and the European Union via MiFID.

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.

MultiBank Group, in operation since 2005, is home to numerous global brands and regulated in jurisdictions all over the world. A multi-asset broker, MultiBank offers forex and CFDs through the MetaTrader and cTrader platform suites (though not all markets are readily available) as well as underlying crypto assets via its regulated crypto exchange. On the negative side, the broker’s market research offering is unimpressive and educational content is entirely absent; MultiBank’s poor performance in these important categories drags down its Overall rating.