Written by ForexBrokers.com
In this head to head comparison of MultiBank vs Xtrade, 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 MultiBank and Xtrade in terms of their regulatory credentials, it's notable that MultiBank was founded in 2005 and Xtrade in 2003. Both are private entities, meaning they are not publicly traded or listed on stock exchanges, and neither operates as a bank. In terms of licensing, MultiBank holds three Tier-1 licenses, which boosts its reputation for being highly secure, while Xtrade holds only one Tier-1 license. This places MultiBank in a stronger position regarding regulatory oversight compared to Xtrade.
Looking at trust scores, MultiBank scores an 84 out of 99 on ForexBrokers.com Trust Score, which classifies it as trusted. Xtrade, with a score of 74, is considered to have average risk. Both brokers also have one Tier-2 license each, indicating a comparable level of secondary trustworthiness. Overall, while both companies are relatively secure, MultiBank seems to offer a higher level of trust and regulatory compliance compared to Xtrade.
| Feature |
MultiBank
|
Xtrade
|
|---|---|---|
| Year Founded | 2005 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
For commissions and fees, MultiBank is easier to evaluate than Xtrade. MultiBank earns 4 out of 5 stars and is ranked #39 out of 63 brokers for the Commissions and Fees category, while Xtrade earns 2.5 out of 5 stars and is ranked #64 out of 63. The key difference: MultiBank publishes clear account tiers and a known inactivity fee, whereas Xtrade’s average spread data is not available, making its trading costs harder to compare.
MultiBank offers three forex and CFD account types. The Standard account has a $50 minimum deposit with higher spreads. The Pro account requires $1,000 and offers lower spreads. The ECN account requires $10,000, delivers the lowest spreads, and charges a small $3 round-trip commission per trade. Note: MultiBank charges a non-trading inactivity fee of $60 per month if your account has no trading activity for 90 days.
Because Xtrade does not publish average spread figures, cost-conscious traders may find it difficult to estimate total trading costs there. If pricing transparency is a priority, MultiBank’s tiered structure can be easier to plan around—just keep in mind that the best pricing comes with higher minimum deposits. In short: MultiBank (4/5 stars, #39/63) is generally more cost-friendly for active traders who qualify for Pro or ECN, while Xtrade (2.5/5 stars, #64/63) lacks the same level of fee clarity.
| Feature |
MultiBank
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $50 | $250 |
| Average spread (EUR/USD) - Standard account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
MultiBank vs Xtrade: both offer forex trading (CFD or spot), but their product lineups differ. MultiBank lists 1,042 tradeable symbols versus Xtrade’s 482. Xtrade, however, has more tradeable forex pairs (56 vs 40). Neither broker lets you buy exchange-traded stocks on U.S. or international exchanges. For crypto, both provide CFDs, while only MultiBank also lets you buy actual coins. MultiBank supports copy trading; Xtrade does not.
Ratings reflect these gaps: MultiBank earns 4 stars and ranks #38 out of 63 for range of investments, while Xtrade scores 3.5 stars and ranks #50. Choose MultiBank if you want broader market access, actual crypto, and copy trading. Pick Xtrade if your priority is a larger list of forex pairs. Either way, you can trade forex via CFDs or spot.
| Feature |
MultiBank
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 482 |
| Forex Pairs (Total) | 40 | 56 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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.
Comparing MultiBank vs Xtrade for trading platforms and tools: both brokers provide free demo (paper) accounts and offer proprietary, in-house platforms with web-based trading and the ability to place trades directly from charts. MultiBank adds a Windows desktop download platform plus MetaTrader 4 (MT4) and MetaTrader 5 (MT5) support, along with copy trading. Xtrade does not offer a Windows desktop download, MT4, MT5, or copy trading. The number of built-in technical indicators and watchlist columns isn’t specified for either broker.
For overall platform quality, ForexBrokers.com rates MultiBank at 4 stars and ranks it #40 out of 63 brokers, while Xtrade earns 3.5 stars and ranks #59. If you want MT4/MT5 or copy trading, MultiBank is the clearer fit; if you only need a browser platform and a demo account, both brokers can meet those needs.
| Feature |
MultiBank
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 38 | N/A |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
MultiBank and Xtrade both offer mobile trading apps for iPhone and Android, and each earns a 4-star rating for mobile trading. However, ForexBrokers.com ranks MultiBank higher (#42 out of 63) than Xtrade (#54), reflecting key differences in features. MultiBank supports stock and forex price alerts, while Xtrade does not. Neither broker syncs watchlists between the mobile app and the web platform, so changes made in one place won’t automatically appear in the other.
Charting is where MultiBank pulls ahead. The MultiBank app includes 30 technical studies, lets you draw trendlines, and saves your drawings automatically. Xtrade doesn’t list a count for technical studies and does not support trendline drawing or auto-saving chart annotations. If you want price alerts and stronger chart tools on your phone, MultiBank’s mobile app is the better fit; if you only need basic trading on iOS or Android, both apps get the job done.
| Feature |
MultiBank
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Xtrade offers daily market commentary, while MultiBank does not. Both brokers deliver forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones and include an economic calendar to track upcoming events. Neither broker provides Autochartist or Trading Central, and both lack a sentiment tool and TipRanks research. Xtrade does not include Acuity Trading tools; MultiBank’s use of Acuity Trading isn’t clearly specified.
Both brokers earn 3.5 out of 5 stars for Research. In the ForexBrokers.com rankings, MultiBank is placed at #50 out of 63 brokers, edging Xtrade, which sits at #53. If you value daily commentary, Xtrade has the edge; for headline news and an economic calendar, both are comparable.
| Feature |
MultiBank
|
Xtrade
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | No | No |
| Client sentiment data | No | No |
| TipRanks | No | No |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
MultiBank vs Xtrade for beginner education: both earn 3.5/5 for education on ForexBrokers.com, with Xtrade ranked #46 of 63 and MultiBank #50. For newcomers who like to learn by watching, MultiBank stands out because it offers at least 10 beginner-level trading videos, while Xtrade does not meet that mark. Neither broker provides monthly educational webinars, and neither offers 10+ advanced videos for experienced traders.
Bottom line for a first-time forex or CFD trader: choose MultiBank if you want a larger set of beginner videos to get started; pick Xtrade if the slightly higher overall education ranking matters to you. In both cases, expect solid basics but limited depth, and plan to supplement with outside resources if you want live webinars or a broader set of advanced lessons.
| Feature |
MultiBank
|
Xtrade
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that MultiBank is better than Xtrade. MultiBank finished with an overall rank of #40, while Xtrade finished with an overall rank of #60.
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.
| Feature |
MultiBank
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Xtrade
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|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 74 |
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Online broker MultiBank supports buying real, delivered cryptocurrencies and cryptocurrency CFDs, while Xtrade offers cryptocurrency CFDs only and does not support purchasing actual coins.
In this MultiBank vs Xtrade comparison of deposit and withdrawal methods, MultiBank supports ACH/SEPA transfers while Xtrade does not, and the provided data does not specify whether either broker supports PayPal, Skrill, Visa/Mastercard, or bank wire funding.
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 | MultiBank | Xtrade | |
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| Trust Score | 84 | 74 | |
| Winner | check_circle | ||
| Review | MultiBank Review | Xtrade Review |
| Broker Screenshots | MultiBank | Xtrade | |
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| Regulation | MultiBank | Xtrade | |
|---|---|---|---|
| Trust Score | 84 | 74 | |
| Year Founded | 2005 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | Xtrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| 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) | MultiBank | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | MultiBank | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 482 | |
| Forex Pairs (Total) | 40 | 56 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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 | MultiBank | Xtrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | MultiBank | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $50 | $250 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | MultiBank | Xtrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | MultiBank | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 38 | N/A | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | MultiBank | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | MultiBank | Xtrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | Xtrade | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | MultiBank | Xtrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | MultiBank Review | Xtrade Review |
| Overall | MultiBank | Xtrade | |
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| Trust Score | 84 | 74 | |
| Winner | check_circle | ||
| Review | MultiBank Review | Xtrade Review |
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