The best alternatives to MultiBank are
- Admirals (Admiral Markets) - Global forex and CFD broker
- AvaTrade - Global CFD and forex broker
- Tickmill - Global forex broker
- XM - Global CFD and forex broker
Let's see in a bit more detail how the MultiBank alternatives compare to MultiBank and each other:
| MultiBank | Admirals (Admiral Markets) | AvaTrade | Tickmill | XM | |
|---|---|---|---|---|---|
| Overall score | 4.3 stars | 4.7 stars | 4.3 stars | 4.6 stars | 4.2 stars |
| Fees score | 3.3 stars | 3.9 stars | 3.7 stars | 4.3 stars | 3.7 stars |
| Account opening score | 5.0 stars | 5.0 stars | 5.0 stars | 5.0 stars | 5.0 stars |
| Deposit and withdrawal score | 4.5 stars | 5.0 stars | 4.5 stars | 4.5 stars | 5.0 stars |
| Web platform score | 3.8 stars | 2.8 stars | 3.8 stars | 2.8 stars | 2.8 stars |
| Markets and products score | 2.1 stars | 3.9 stars | 2.3 stars | 2.4 stars | 2.5 stars |
|
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81% of retail CFD accounts lose money |
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76% of retail CFD accounts lose money |
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74.89% of retail CFD accounts lose money |
Why are these brokers considered good alternatives to MultiBank? There are many areas based on which MultiBank can be compared with others. When we say a given online broker is a good alternative to MultiBank we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
MultiBank alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- MultiBank is recommended for forex and cfd traders familiar with the metatrader trading platform
- Admirals (Admiral Markets) is recommended for forex traders who are familiar with metatrader trading platforms
- AvaTrade is recommended for forex and cfd traders looking for an option to use metatrader platforms
- Tickmill is recommended for forex traders looking for low fees who are familiar with the metatrader 4 platform
- XM is recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening
Important factors of finding MultiBank alternatives
So far BrokerChooser has reviewed 102 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether MultiBank or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. The amounts MultiBank charges you are considered average. When picking an alternative, you could prioritize brokers that are cheaper than MultiBank.
Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At MultiBank this is not a problem as you can have it ready on the same day you registered.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at MultiBank, this might not be the case at its alternatives.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given MultiBank alternative is a must.
Now let's dive into the details of how MultiBank and its alternatives perform in the most important areas!
MultiBank alternatives
Admirals (Admiral Markets)
Admirals (Admiral Markets) is a Global forex and CFD broker founded in 2001. It is overseen by multiple regulators in the various regions it serves. These regulators are the UK's Financial Conduct Authority (FCA), the Estonian Financial Supervision Authority (EFSA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investment Commission (ASIC) and the Jordan Securities Commission (JSC). Of these, the FCA and the ASIC are top-tier financial authorities.
Admirals is considered safe because it has a long track record, discloses its financials, and its parent company, the Admirals Group is listed on a stock exchange.
Admirals was formerly called Admiral Markets, but it is currently going trough a rebranding process. This should be of no concern to clients, as this doesn't affect the broker's services in any negative way.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders who are familiar with metatrader trading platforms
| Pros | Cons |
|---|---|
| • Low forex CFD fees | • Product portfolio limited mostly to CFDs |
| • Free and fast deposit and withdrawal | • Inactivity fee |
| • Straightforward account opening | • No 24/7 customer service |
Fees
Admirals (Admiral Markets) has low trading fees, especially when it comes to forex. On the negative side, it charges an inactivity fee.
| Pros | Cons |
|---|---|
| • Low trading fees | • Inactivity fee |
| • No withdrawal fee |
| Admirals (Admiral Markets) | MultiBank | |
|---|---|---|
| Apple benchmark fee | $4.6 | $1.5 |
| Vodafone benchmark fee | $12.1 | $2.6 |
| EURUSD benchmark fee | $15.1 | $13.6 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
The account opening and verification process is fast and fully digital. The minimum deposit is $100, which is definitely not excessive.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| Admirals (Admiral Markets) | MultiBank | |
|---|---|---|
| Minimum deposit | $100 | $50 |
| Time to open account | 1 day | 1 day |
If you are interested more in Admirals (Admiral Markets) minimum deposit, this overview will help you.
Deposit and withdrawal
Admirals charges no deposit or withdrawal fees. You can use cards, bank transfer or e-wallets for deposit and withdrawal, but some e-wallet options aren't available for all clients.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • E-wallet options aren't available for all customers |
| • Free withdrawal | |
| • No deposit fee |
| Admirals (Admiral Markets) | MultiBank | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
Admirals uses the MetaTrader web trading platform. It is highly customizable and has a clear fee report, but its design is outdated and it lacks a two-step login and price alerts.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation |
| Admirals (Admiral Markets) | MultiBank | |
|---|---|---|
| Web platform score | 2.8 stars | 3.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.4 stars | 3.4 stars |
Learn more about Admirals (Admiral Markets)'s web trading platform in the detailed Admirals (Admiral Markets) review.
Markets and products
For most users, Admirals (Admiral Markets) mainly provides forex, CFD and cryptos. For those using the Invest.MT5 account type, it offers real stocks and ETFs as well.
| Admirals (Admiral Markets) | MultiBank | |
|---|---|---|
| Stocks | Yes | No |
| ETFs | Yes | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
Admirals (Admiral Markets) is a great CFD broker. It is regulated by several financial authorities globally, including the UK's FCA and Australia's ASIC.
On the plus side, Admirals' CFD trading fees are low, while forex fees aren't high either. We also liked that the deposit and withdrawal process is fast and mostly free. The account opening process is seamless, hassle-free and quick.
Admirals has some drawbacks, though. The product range is mainly limited to CFDs, although real stock and ETF trading is available for one specific account type.
We recommend Admirals for clients interested in forex or CFD trading who want to enjoy great deposit and withdrawal options along with fast account opening. Feel free to test it using a demo account.
| Admirals (Admiral Markets) | |
|---|---|
| Summary | Admirals is a global forex and CFD broker, which is regulated by several authorities, including the top-tier FCA and ASIC. |
| Fees score | 3.9 stars |
| Recommended for | Forex traders who are familiar with MetaTrader trading platforms |
MultiBank alternatives
AvaTrade
AvaTrade is a global CFD and forex broker founded in 2006. It is regulated by several top-tier financial authorities, including the Central Bank of Ireland.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex and cfd traders looking for an option to use metatrader platforms
| Pros | Cons |
|---|---|
| • Easy and fast account opening | • Only CFDs, forex, and cryptos offered |
| • Free deposit and withdrawal options | • High inactivity fees |
| • Great research tools | • Average forex fees |
Fees
AvaTrade has low CFD fees and average forex fees. Deposits and withdrawals are free, but inactivity fees are quite high.
| Pros | Cons |
|---|---|
| • No withdrawal fee | • High inactivity fees |
| • Low CFD fees | • FX trading fees are average |
| AvaTrade | MultiBank | |
|---|---|---|
| Apple benchmark fee | $6.6 | $1.5 |
| Vodafone benchmark fee | $8.3 | $2.6 |
| EURUSD benchmark fee | $16.4 | $13.6 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Account opening at AvaTrade is smooth and fully digital. You can start trading literally in minutes.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| AvaTrade | MultiBank | |
|---|---|---|
| Minimum deposit | $100 | $50 |
| Time to open account | 1 day | 1 day |
If you are interested more in AvaTrade minimum deposit, this overview will help you.
Deposit and withdrawal
AvaTrade offers several free options for deposit and withdrawal. On the negative side, withdrawal took us 3 business days.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Slow withdrawal - over 3 days |
| • No deposit fee | |
| • Credit/Debit cards, electronic wallets |
| AvaTrade | MultiBank | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
AvaTrade's web platform is user-friendly, well-designed, and has a unique order type to protect you from losses. However, it lacks customizability, two-step login and price alerts.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Good search function | • Limited customizability (for charts, workspace) |
| • AvaProtect loss insurance | • No price alerts |
| AvaTrade | MultiBank | |
|---|---|---|
| Web platform score | 3.8 stars | 3.8 stars |
| Mobile platform score | 4.7 stars | 3.8 stars |
| Desktop platform score | 3.4 stars | 3.4 stars |
Learn more about AvaTrade's web trading platform in the detailed AvaTrade review.
Markets and products
AvaTrade offers only forex and CFDs, such as stock, index, forex and commodity CFDs. It doesn't offer other popular asset classes such as real stocks.
| AvaTrade | MultiBank | |
|---|---|---|
| Stocks | No | No |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
AvaTrade is regulated by several authorities globally, including the top-tier Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC), therefore it is considered safe.
We liked the seamless and hassle-free account opening. You can use a lot of deposit and withdrawal options, all free of charge. We also liked that you can use many user-friendly tools for research.
AvaTrade has some drawbacks though. The product range is limited to forex, CFDs and cryptos, and there is a high fee charged for inactivity. Lastly, there are better alternatives if forex trading fees are your main concern.
As there is only a small minimum deposit, and your account will be ready for trading quickly, feel free to try AvaTrade.
| AvaTrade | |
|---|---|
| Summary | AvaTrade is a global forex and CFD broker. It is regulated by several financial authorities globally, including the Central Bank of Ireland and Australia's ASIC. |
| Fees score | 3.7 stars |
| Recommended for | Forex and CFD traders looking for an option to use MetaTrader platforms |
MultiBank alternatives
Tickmill
Tickmill is a global forex and CFD broker, established in 2014. The company is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority (FCA) in the UK; and as such is considered a safe broker.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders looking for low fees who are familiar with the metatrader 4 platform
| Pros | Cons |
|---|---|
| • Low forex fees | • Outdated platform design and functions |
| • Fast and easy account opening | • Basic news feed |
| • Free deposit and withdrawal |
Fees
Tickmill has low forex fees and average CFD fees. There is no fee for deposit, withdrawal or inactivity.
| Pros | Cons |
|---|---|
| • Low forex fees | None |
| • No withdrawal fee | |
| • No inactivity fee |
| Tickmill | MultiBank | |
|---|---|---|
| EURUSD benchmark fee | $12.5 | $13.6 |
| EURGBP benchmark fee | $9.0 | $11.0 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
Tickmill has a fast and easy account opening process with quick verification. The minimum deposit is low at just $100.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| Tickmill | MultiBank | |
|---|---|---|
| Minimum deposit | $100 | $50 |
| Time to open account | 1 day | 1 day |
If you are interested more in Tickmill minimum deposit, this overview will help you.
Deposit and withdrawal
Deposit and withdrawal are fast and free of charge, and can be done via bank transfer, credit/debit cards and e-wallets; though only a few account base currencies are available.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Few account base currencies |
| • No deposit fee |
| Tickmill | MultiBank | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
Tickmill's web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report. However, the platform lacks price alerts and its design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation | • Poor design |
| Tickmill | MultiBank | |
|---|---|---|
| Web platform score | 2.8 stars | 3.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.4 stars | 3.4 stars |
Learn more about Tickmill's web trading platform in the detailed Tickmill review.
Markets and products
You can trade CFDs on forex, stocks, stock indices, commodities and German government bonds. You can also trade options and futures, but popular asset clases such as ETFs, bonds or funds are missing.
| Tickmill | MultiBank | |
|---|---|---|
| Stocks | No | No |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | Yes | No |
| Futures | Yes | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
Tickmill is a low-cost forex and CFD broker, regulated by several authorities globally including the top-tier UK FCA.
On the plus side, we liked Tickmill's low forex fees. Account opening is seamless and there are many free deposit/withdrawal options.
Tickmill has some drawbacks though. The trading platforms have an outdated design, and the quality of some research tools is uneven.
We recommend Tickmill for those who are interested in CFD and forex trading and are familiar with the MetaTrader trading platforms. Feel free to test it via the demo account.
| Tickmill | |
|---|---|
| Summary | Tickmill is a low-cost forex and CFD broker. It is regulated by several financial authorities, including the top-tier FCA. |
| Fees score | 4.3 stars |
| Recommended for | Forex traders looking for low fees who are familiar with the MetaTrader 4 platform |
MultiBank alternatives
XM
XM is an online broker whose parent company is Trading Point Holding, a global CFD and FX broker founded in 2009.
XM is available globally and is regulated by three financial authorities: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Commission of Belize (FSC).
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 with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening
| Pros | Cons |
|---|---|
| • Low stock CFD and withdrawal fees | • Limited product portfolio |
| • Easy and fast account opening | • Average forex and stock index CFD fees |
| • Great educational tools | • No investor protection for non-EU clients |
Fees
XM has low trading fees for CFDs and charges no withdrawal fee. On the other hand, forex and stock index fees are only average, and there is a fee for inactivity.
| Pros | Cons |
|---|---|
| • No withdrawal fee | • Inactivity fee |
| • Low stock CFD fees | • Average FX fees |
| XM | MultiBank | |
|---|---|---|
| Apple benchmark fee | $6.7 | $1.5 |
| Vodafone benchmark fee | $2.3 | $2.6 |
| EURUSD benchmark fee | $17.5 | $13.6 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
XM account opening is hassle-free and straightforward. You may be able to start using your account already on the same day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| XM | MultiBank | |
|---|---|---|
| Minimum deposit | $5 | $50 |
| Time to open account | 1 day | 1 day |
If you are interested more in XM minimum deposit, this overview will help you.
Deposit and withdrawal
XM's deposit and withdrawal processes are fast and inexpensive, and offer you several options.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Several account base currencies | |
| • Free wire withdrawal above $200 |
| XM | MultiBank | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
XM's web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report. On the other hand, the platform lacks price alerts and the design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation | • Poor design |
| XM | MultiBank | |
|---|---|---|
| Web platform score | 2.8 stars | 3.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.4 stars | 3.4 stars |
Learn more about XM's web trading platform in the detailed XM review.
Markets and products
CFDs and forex are available for all clients, but real stocks only for clients under the IFSC-regulated entity. Popular asset classes, like real ETFs, bonds or options are missing.
| XM | MultiBank | |
|---|---|---|
| Stocks | Yes | No |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | No | Yes |
Verdict
XM is regulated by several authorities globally, including the top-tier ASIC.
On the plus side, we liked the low stock CFD and withdrawal fees. The account opening process is seamless and hassle-free, and the broker offers a wide range of educational tools of great quality.
XM has some drawbacks though. Its product range is limited to forex and CFDs. Its forex and stock index CFD fees are average, and non-EU customers are not covered by any investor protection.
We recommend XM for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.
| XM | |
|---|---|
| Summary | XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC. |
| Fees score | 3.7 stars |
| Recommended for | Forex and CFD traders who prefer MetaTrader platforms and seek great account opening |
MultiBank alternatives
MultiBank
MultiBank is a global CFD and FX broker. MultiBank Group was established in California, USA, in 2005 with headquarters in Hong Kong. They are a global financial group whose member companies are active in areas from asset management to brokerage. MultiBank's brokerage service is operating under several legal entities, regulated by the Australian Securities and Investments Commission (ASIC) and other financial authorities. In this review, we will use MultiBank as a name for the brokerage service.
MultiBank is considered safe because it is regulated by the top-tier ASIC and has a reasonably long history, dating back to 2005.
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.
Recommended for forex and cfd traders familiar with the metatrader trading platform
| Pros | Cons |
|---|---|
| • Quick and easy account opening | • Inactivity fees |
| • Free and varied deposit and withdrawal options | • Limited product coverage |
| • Fast and helpful customer service | • Poor research and educational tools |
Fees
MultiBank has low forex and stock index CFD fees, and doesn't charge any withdrawal fees. On the other hand, inactivity fee kicks in after 13 months.
| Pros | Cons |
|---|---|
| • Low forex fees | • Inactivity fee |
| • No withdrawal fee | • inactivity fee |
| MultiBank | Admirals (Admiral Markets) | AvaTrade | Tickmill | XM | |
|---|---|---|---|---|---|
| S&P 500 index CFD fee | $1.5 | $2.3 | $2.6 | $2.6 | $2.5 |
| Europe 50 index CFD fee | $1.9 | $1.6 | $2.0 | $2.2 | $3.1 |
| EURUSD benchmark fee | $13.6 | $15.1 | $16.4 | $12.5 | $17.5 |
| GBPUSD benchmark fee | $9.7 | $7.8 | $11.3 | $7.0 | $12.2 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stock and $20k for FX
Account opening
Opening an account at MultiBank is easy and straightforward; your account could be ready for trading within a day. However, some account types require a high minimum deposit.
| Pros | Cons |
|---|---|
| • Fast | • High minimum deposit for ECN Pro and MultiBank Pro accounts |
| • Fully digital | |
| • Low minimum deposit |
| MultiBank | Admirals (Admiral Markets) | AvaTrade | Tickmill | XM | |
|---|---|---|---|---|---|
| Minimum deposit | $50 | $100 | $100 | $100 | $5 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1 day |
Learn more about MultiBank minimum deposit here.
Deposit and withdrawal
Deposit and withdrawal at MultiBank are great. You can use many deposit and withdrawal types and withdrawal is free.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Free withdrawal | |
| • No deposit fee | |
| • Electronic wallets available | |
| • Crypto wallet deposit available. |
| MultiBank | Admirals (Admiral Markets) | AvaTrade | Tickmill | XM | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
Web trading platform
Multibank offers the MetaTrader4 trading platform. It's highly customizable, multilingual and has a clear fee report. However, it lacks two-step login and the design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation | • Poor design |
| MultiBank | Admirals (Admiral Markets) | AvaTrade | Tickmill | XM | |
|---|---|---|---|---|---|
| Web platform score | 3.8 stars | 2.8 stars | 3.8 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars | 4.7 stars | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.4 stars | 3.4 stars | 3.4 stars | 3.4 stars | 3.4 stars |
Learn more about MultiBank's web trading platform in the detailed MultiBank review.
Markets and products
At MultiBank, you can trade only forex and CFDs, including stock and stock index CFDs as well as cryptos.
| MultiBank | Admirals (Admiral Markets) | AvaTrade | Tickmill | XM | |
|---|---|---|---|---|---|
| Stocks | No | Yes | No | No | Yes |
| ETFs | No | Yes | No | No | No |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Funds | No | No | No | No | No |
| Bonds | No | No | No | No | No |
| Options | No | No | No | Yes | No |
| Futures | No | No | No | Yes | No |
| CFDs | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes | No |
Verdict
MultiBank is a forex and CFD broker regulated by several financial authorities globally, including the top-tier ASIC.
Among its positive features, the account opening process is seamless and hassle-free. Forex fees are competitive, and multiple free options are available for deposit and withdrawal. Customer service is great - quick, helpful and multilingual.
MultiBank has some drawbacks, though. There is an inactivity fee, which is charged after 13 consecutive inactive months, and is $10 per calendar month. Its product range is limited to FX, CFDs and cryptos. Research and educational tools are quite basic, limited to some charting tools and a newsletter.
As MultiBank has a free demo account, we encourage you to give it a try.
| MultiBank | |
|---|---|
| Summary | MultiBank is an international CFD and forex broker, regulated by several financial authorities such as the top-tier ASIC of Australia. |
| Fees score | 3.3 stars |
| Recommended for | Forex and CFD traders familiar with the MetaTrader trading platform |
MultiBank alternatives
Bottom line
Based on our analysis, there are several good alternatives to MultiBank. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| MultiBank | Global CFD and forex broker | Forex and CFD traders familiar with the MetaTrader trading platform |
| Admirals (Admiral Markets) | Global forex and CFD broker | Forex traders who are familiar with MetaTrader trading platforms |
| AvaTrade | Global CFD and forex broker | Forex and CFD traders looking for an option to use MetaTrader platforms |
| Tickmill | Global forex broker | Forex traders looking for low fees who are familiar with the MetaTrader 4 platform |
| XM | Global CFD and forex broker | Forex and CFD traders who prefer MetaTrader platforms and seek great account opening |
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