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MultiBank vs Xtrade 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is MultiBank better than Xtrade? In our analysis of 23 international regulators across 62 of the best forex brokers, MultiBank Group is considered trusted, with an overall Trust Score of 82 out of 99. Xtrade is considered average-risk, with an overall Trust Score of 80 out of 99. Learn more about Trust Score.

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Overall RatingMultiBankXtrade
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 2.5/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3/5 Stars 3.5/5 Stars
Trust Score 82 80
Winner check_circle
Review MultiBank Review
RegulationMultiBankXtrade
Trust Score 82 80
Year Founded 2005 2003
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union No No
Tier-1 Licenses 2 1
Tier-2 Licenses 1 2
Tier-3 Licenses 3 1
Tier-1 Licenses (High Trust)MultiBankXtrade
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) Yes No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) No No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)MultiBankXtrade
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) Yes No
Tier-3 Licenses (Low Trust)MultiBankXtrade
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No Yes
CIMA Authorised (Cayman Islands) Yes No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) Yes No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) Yes No
InvestmentsMultiBankXtrade
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 1042 142
Forex Pairs (Total) 41 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 (CFD) 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).
CostMultiBankXtrade
Average Spread EUR/USD - Standard N/A N/A info
All-in Cost EUR/USD - Active N/A N/A info
Active Trader or VIP Discounts No Yes
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
FundingMultiBankXtrade
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
Trading PlatformsMultiBankXtrade
Proprietary Platform No 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 Yes No
DupliTrade No No
ZuluTrade No No
Trading ToolsMultiBankXtrade
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 18
Charting - Trade From Chart Yes No
Charts can be saved Yes No
Mobile TradingMultiBankXtrade
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
Forex Calendar Yes No
ResearchMultiBankXtrade
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
Economic Calendar Yes Yes
EducationMultiBankXtrade
Has Education - Forex or CFDs No Yes
Client Webinars No No
Client Webinars (Archived) No No
Videos - Beginner Trading Videos No No
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) No Yes
Major Forex PairsMultiBankXtrade
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
OverallMultiBankXtrade
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 2.5/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3/5 Stars 3.5/5 Stars
Trust Score 82 80
Winner check_circle
Review MultiBank Review
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MultiBank vs Xtrade Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare MultiBank vs Xtrade.

Does MultiBank or Xtrade offer lower pricing?

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, MultiBank offers better pricing overall for traders.

Is MultiBank or Xtrade safer for forex and CFDs trading?

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 2 global Tier-1 licenses, while Xtrade holds 1. Xtrade holds 2 global Tier-2 licenses, while MultiBank holds 1. In our analysis of 23 international regulators across 50 brokers, MultiBank earned a higher Trust Score than Xtrade.

Which trading platform is better: MultiBank or Xtrade?

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

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Xtrade provides traders 56 currency pairs (e.g., EUR/USD) compared to MultiBank's 41 available pairs. Forex pairs aside, MultiBank offers traders access to 1042 CFDs while Xtrade has 142 available CFDs, a difference of 900.

Can I trust MultiBank?

MultiBank Group is not publicly traded, does not operate a bank, and is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and three tier-3 regulators (low trust). MultiBank Group is authorised by the following tier-1 regulators: the Australian Securities & Investment Commission (ASIC) and the Monetary Authority of Singapore (MAS). Learn more about Trust Score.

Can I trust Xtrade?

Xtrade is not publicly traded and does not operate a bank. Xtrade is authorised by one tier-1 regulator (high trust), two tier-2 regulator (average trust), and one tier-3 regulator (low trust). Xtrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

Is MultiBank good?

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.

Is Xtrade good?

Xtrade is regulated in multiple jurisdictions and offers forex and CFD traders its own trading platform, yet with barely 200 symbols that you can trade it trails behind the best forex brokers.

Overall winner: MultiBank

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announcementPlease 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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