Is MultiBank free?

Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

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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74-89% of retail CFD accounts lose money

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 Admirals (Admiral Markets) or AvaTrade might suit you better.

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

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74-89% of retail CFD accounts lose money

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, Admirals (Admiral Markets) and AvaTrade.

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74-89% of retail CFD accounts lose money

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.

Data updated on September 23, 2024

CFD fees

MultiBank has low CFD trading fees.

Data updated on September 23, 2024

Currency conversion fee

MultiBank will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: Exchange rate received from liquidity providers plus a mark-up. We used the EURUSD trading fees for the calculation..

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74-89% of retail CFD accounts lose money

When it comes to non-trading fees, MultiBank is a rather cheap broker.

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.

Data updated on September 23, 2024

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74-89% of retail CFD accounts lose money

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

Data updated on September 23, 2024

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74-89% of retail CFD accounts lose money

MultiBank generally doesn't charge a withdrawal fee.

Data updated on September 23, 2024

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74-89% of retail CFD accounts lose money

MultiBank does apply an inactivity fee and it is 60 USD/month after 3 consecutive 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.

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74-89% of retail CFD accounts lose money

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% 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.