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 | 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.
Comparing MultiBank vs Xtrade for range of investments, both brokers support forex trading (CFD or spot). MultiBank lists 1,042 tradeable symbols, while Xtrade offers 482. When it comes to forex pairs, Xtrade provides more choice with 56 pairs versus MultiBank’s 40. Neither broker lets you buy exchange-traded stocks on U.S. or international exchanges directly; their focus is on leveraged products.
MultiBank stands out for offering both actual (delivered) cryptocurrency and crypto derivatives, while Xtrade supports only crypto derivatives. MultiBank also includes copy trading, which Xtrade does not. Based on Range of Investments, MultiBank earns 4 stars and ranks #38 out of 63 brokers, whereas Xtrade earns 3.5 stars and ranks #50.
| 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.
Comparing MultiBank vs Xtrade for trading platforms and tools: both brokers offer free demo (paper) trading and in-house proprietary platforms. Each provides a web-based platform and lets you trade directly from charts. MultiBank adds a Windows desktop platform, MetaTrader 4 and MetaTrader 5, plus copy trading—features Xtrade does not offer. Neither supports DupliTrade or ZuluTrade. For charting, MultiBank lists 17 drawing tools while Xtrade offers 100; watch lists include 7 fields at MultiBank versus 9 at Xtrade.
In independent testing by ForexBrokers.com, MultiBank earned 4 stars and ranked 40th out of 63 brokers for Trading Platforms and Tools, while Xtrade received 3.5 stars and ranked 59th. Choose MultiBank if you want MetaTrader, a desktop download, or copy trading. Pick Xtrade if you prefer a browser platform with more drawing tools and watch list fields. Both suit forex and CFD traders who want a free virtual account to practice strategies.
| 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.
MultiBank and Xtrade both offer mobile trading apps for iPhone and Android, and each earns 4 out of 5 stars for mobile trading. However, according to ForexBrokers.com, MultiBank ranks higher at #42 out of 63 brokers, while Xtrade sits at #54. That gap reflects differences in tools and app depth that matter to many traders.
Feature-wise, MultiBank pulls ahead. It supports price alerts, real-time quote watchlists, and charting tools that include 30 technical studies, trendline drawing, multiple time frames, and auto-saved drawings. Xtrade does not offer price alerts, real-time quote watchlists, trendlines, multiple time frames, or auto-saving for drawings, and its number of technical studies is not available. Neither broker syncs watchlist symbols between the mobile app and the online account. If you want richer alerts and charting on the go, MultiBank is the stronger pick; if you only need basic access on iPhone or Android, Xtrade may still suit your needs.
| 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.
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 | 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 | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners offered by MultiBank and Xtrade, both brokers provide a solid foundation with over 10 educational pieces focused on forex and CFDs. However, MultiBank takes a step further in catering to newcomers by offering at least 10 dedicated beginner educational videos, a feature that Xtrade lacks. Both brokers fall short in conducting regular online educational webinars and do not maintain an archive of previously recorded sessions. For those looking for a deep dive into advanced trading topics, neither MultiBank nor Xtrade offers a significant library of advanced educational videos.
For those who value an investor dictionary to help navigate complex investing terms, Xtrade stands out by offering a glossary with definitions for over 50 terms, while MultiBank does not provide this resource. In terms of overall education ratings, both brokers receive 3.5 stars, yet Xtrade edges slightly ahead in ranking, taking the 46th position out of 63 brokers in the Education category, compared to MultiBank's 50th place. Ultimately, both platforms offer valuable educational content, but each has its unique strengths and limitations, making it important to assess which resources align best with your learning preferences as a beginner.
| 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 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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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 |
| 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/Central Bank 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. 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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