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.
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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 |
When comparing MultiBank and Xtrade for their commissions and fees, MultiBank stands out with a more structured account offering. MultiBank provides three types of accounts: Standard, Pro, and ECN. The Standard account has a low minimum deposit of $50 but features higher spreads, which might only appeal to beginners. The Pro account comes with a better spread and requires a $1,000 minimum deposit. The ECN account, aimed at more serious traders, offers the most competitive spreads at the expense of a $10,000 minimum deposit and a $3 commission per trade. However, it's important to note that MultiBank charges a $60 monthly inactivity fee after 90 days of non-trading activity.
In contrast, Xtrade lacks published average spread data, which can make fee comparisons less transparent for potential traders. This can present a disadvantage for those looking for detailed cost information upfront. Consequently, without clear data, Xtrade's overall rating for commissions and fees is also affected.
Based on reviews, MultiBank achieves a 4-star rating out of five for its commissions and fees, positioning it at #38 out of 62 brokers according to ForexBrokers.com. On the other hand, Xtrade receives a lower rating of 2.5 stars, placing it last at #62 in the same rankings. This information highlights MultiBank as a more favorable option for those prioritizing structured and transparent fee structures in their trading decisions.
| Feature |
MultiBank
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $50 | $250 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| 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 MultiBank and Xtrade, MultiBank presents a broader diversity for traders. MultiBank boasts an impressive 1,042 tradeable symbols, contrasting with Xtrade's 482 symbols. Both brokers provide forex trading through CFDs or spot contracts, with Xtrade offering a wider selection of 56 forex pairs compared to MultiBank's 40 pairs. Neither platform allows for the purchase of actual exchange-traded securities on U.S. or international exchanges. Notably, MultiBank provides copy trading options, while Xtrade does not include this feature, potentially appealing to traders seeking collaborative strategies.
In the realm of cryptocurrency trading, MultiBank offers both actual cryptocurrencies and derivatives, providing traders the flexibility to choose between holding digital assets or engaging in speculative trading. Xtrade limits its offerings to cryptocurrency derivatives alone. In terms of ratings, MultiBank earns a 4-star rating for its range of investments versus Xtrade’s 3.5 stars, reflecting the slightly wider array of investment options available through MultiBank. On ForexBrokers.com, MultiBank is ranked 37th out of 62 brokers for the range of investments compared to Xtrade's ranking of 49th, hinting at a slightly more expansive suite of offerings from MultiBank.
| Feature |
MultiBank
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 482 |
| Forex Pairs (Total) | 40 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | Yes | No |
| 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 MultiBank and Xtrade, both offer a range of features that cater to diverse trader needs. MultiBank provides a comprehensive suite including both MetaTrader 4 and MetaTrader 5, giving traders access to these popular platforms along with the broker's own in-house developed trading platform. It supports trading via a Windows-based desktop download, web browser, and offers a free virtual demo account, alongside copy trading features. With the ability to trade directly from a stock chart and offerings such as 17 drawing tools for charting, MultiBank is rated 4 out of 5 stars and stands at the 39th position among 62 brokers according to ForexBrokers.com for its trading platforms and tools.
In contrast, Xtrade offers a user-friendly web-based trading platform and an in-house developed proprietary platform, making it accessible for traders without the need for a Windows desktop client. Like MultiBank, Xtrade provides a virtual demo account and allows trading directly from stock charts. However, it lacks support for MetaTrader platforms and does not include copy trading options. Xtrade stands out with a considerable array of 100 drawing tools for charting and provides nine fields for watch lists. Despite these features, it is rated slightly lower at 3.5 stars and is ranked 58th by ForexBrokers.com, which reflects some limitations in its trading platform offerings compared to MultiBank.
| Feature |
MultiBank
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 38 | N/A |
| Charting - Drawing Tools (Total) | 17 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between the mobile trading apps of MultiBank and Xtrade, there are several key features to consider. MultiBank has a slight edge with its feature-rich app, available on both iPhone and Android. It allows users to set price alerts for stocks and forex, a feature that Xtrade does not offer. Both platforms lack the ability to sync watchlists between mobile and online accounts. MultiBank users can enjoy 30 charting technical studies, trendline drawing, multi-timeframe viewing, and auto-saving of chart drawings, while Xtrade does not support these features.
In terms of usability, MultiBank provides the option to create watchlists with real-time quotes, which is not available through Xtrade's app. Despite these differences, both apps are rated at 4 out of 5 stars for mobile trading. However, MultiBank is ranked slightly higher at #41 compared to Xtrade’s #53 according to ForexBrokers.com. Ultimately, MultiBank's mobile app offers more advanced tools and features, providing a more comprehensive experience for active traders.
| Feature |
MultiBank
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing MultiBank and Xtrade for market research, both online brokers offer forex news from top-tier sources like Bloomberg and Reuters, and they each provide an economic calendar to keep traders informed about global financial events. However, Xtrade has the edge with its provision of daily market commentary, a feature not available with MultiBank. Neither broker offers advanced technical analysis tools from companies like Autochartist or Trading Central, nor do they feature sentiment-based trading tools or research from TipRanks or Acuity Trading.
In terms of overall research quality, both MultiBank and Xtrade share a middling rating of 3.5 stars. Despite these similarities, MultiBank ranks slightly higher in the research category, holding the 49th spot out of 62 brokers on ForexBrokers.com, while Xtrade trails closely at 52nd. This suggests that while both brokers offer fundamental market insights, neither excels significantly over the other in providing comprehensive research tools for traders.
| Feature |
MultiBank
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings of MultiBank and Xtrade for beginners, both brokers provide a fundamental level of learning materials focused on forex and CFDs. Each offers more than ten educational pieces such as articles and videos to help newcomers get started in the trading world. However, MultiBank stands out in the video content department with over ten beginner-specific trading videos, providing a solid foundation for those new to trading. In contrast, Xtrade lacks a similar collection of beginner-focused video content.
On the other hand, Xtrade outshines MultiBank by offering an investor dictionary, which includes definitions of at least 50 investing terms, serving as a handy resource for learning complex terminology. Neither broker provides live monthly webinars or a searchable archive of previous webinars, nor do they cater to advanced traders with specialized video content. With equal ratings of 3.5 stars for education, Xtrade holds a slightly higher rank (#46) compared to MultiBank (#50) among 62 brokers evaluated by ForexBrokers.com, mainly due to its investor dictionary.
| Feature |
MultiBank
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 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 #59.
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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 74 |
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MultiBank allows the purchase of actual cryptocurrencies and cryptocurrency derivatives, while Xtrade offers only cryptocurrency derivatives without providing the option to buy actual cryptocurrencies.
MultiBank and Xtrade both provide Skrill, Visa and Mastercard, and bank wire options for depositing or withdrawing funds, but only MultiBank supports ACH or SEPA transfers, while 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 | MultiBank | Xtrade | |
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| Trust Score | 84 | 74 | |
| Winner | check_circle | ||
| Review | MultiBank Review | Xtrade Review |
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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) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | MultiBank | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 482 | |
| Forex Pairs (Total) | 40 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | Yes | No | |
| 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 | MultiBank | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | MultiBank | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $50 | $250 | |
| 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 | Yes | No |
| Trading Platforms | MultiBank | Xtrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | MultiBank | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 38 | N/A | |
| Charting - Drawing Tools (Total) | 17 | 100 | |
| 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 Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | MultiBank | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | MultiBank | Xtrade | |
|---|---|---|---|
| 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 | 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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