Is MultiBank free?

MultiBank does not provide access to real stock trading on US markets. If you are looking for a zero-commission broker to trade on US stock exchanges, you can check our article detailing the best apps offered in this category of brokers. If you wish to stick with MultiBank though, then you will find the fees they charge below.

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MultiBank fees
Overview of MultiBank fees and charges

When it comes to brokerage fees, MultiBank is a mixed bag. To see how they may affect you, first you need to figure out your approach to trading - i.e. whether you are more of a buy-and-hold investor or if you want to trade frequently; or what type of assets and in what volumes you'll want to trade. Alternatively, use our questionnaire to help you tell whether MultiBank fees are beneficial for you. Continue reading about MultiBank fees and charges to see if this is the right broker for you, or if a similar broker like HYCM or AvaTrade might suit you better.

Here's a high-level overview of MultiBank's fees

MultiBank Fees snapshot
Assets Fee level Fee terms
US stock fee - Not available
EURUSD fee Low ECN account pricing: $3 commission per lot per trade for accounts with less than $20,000 balance. There is also a spread cost; 0.1 pips is the average spread cost during peak trading hours.
US mutual fund fees - Not available
Inactivity fee High $60 per quarter after 3 months of inactivity

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MultiBank fees
MultiBank fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare MultiBank fees with its closest competitors, HYCM and AvaTrade.

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MultiBank fees
MultiBank trading fees

MultiBank's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).

Let's break down trading fees according to the different asset classes available at MultiBank.

Trading fees

MultiBank's trading fees are average.

Forex fees

MultiBank's forex fees are low.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
MultiBank HYCM AvaTrade
EURUSD benchmark fee $6.7 $7.1 $10.3
EURGBP benchmark fee $7.4 $11.5 $12.1

CFD fees

MultiBank has high CFD trading fees.

CFD fees and commissions on a $2,000 trade
MultiBank HYCM AvaTrade
Apple CFD $25.7 $1.8 $3.3
Vodafone CFD $25.8 - $1.8
Germany - - $3.2

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MultiBank fees
MultiBank non-trading fees

Some of MultiBank's non-trading fees are average.

Non-trading fees include various brokerage fees and charges at MultiBank that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how MultiBank stacks up in terms of non-trading fees
MultiBank HYCM AvaTrade
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee Yes Yes Yes
Account fee No No No

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MultiBank fees
MultiBank deposit fee

Usually, brokers don't charge anything for deposits, and MultiBank is no different.

MultiBank deposit methods
MultiBank HYCM AvaTrade
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Deposit fee $0 $0 $0

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MultiBank fees
MultiBank withdrawal fee

MultiBank generally doesn't charge a withdrawal fee.

MultiBank withdrawal fees and options compared
MultiBank HYCM AvaTrade
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee for bank transfer $0 $0 $0

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MultiBank fees
MultiBank inactivity fee

MultiBank does apply an inactivity fee and it is $60 per quarter after 3 months of inactivity . Keep this in mind to avoid getting charged after a longer idle period. The fact that MultiBank charges an inactivity fee makes it less ideal for you if you are a buy-and-hold investor.

The inactivity fee charged by MultiBank is high.

MultiBank HYCM AvaTrade
Inactivity fee Yes Yes Yes
Inactivity fee $60 per quarter after 3 months of inactivity $10 each month after 90 days of inactivity $50 per quarter after 3 months of inactivity; after 12 straight months of non-use, a futher annual administration fee of $100 applies

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Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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