The best alternatives to MultiBank are
- AvaTrade - Global CFD and forex broker
- FP Markets - Australian CFD and forex broker
- FxPro - Global CFD and forex broker
- ATFX - Global CFD and forex broker
Let's see in a bit more detail how the MultiBank alternatives compare to MultiBank and each other:
| MultiBank | AvaTrade | FP Markets | FxPro | ATFX | |
|---|---|---|---|---|---|
| Overall score | 4.0 | 4.5 | 4.4 | 4.2 | 4.4 |
| Fees score | 3.2 stars | 3.4 stars | 4.2 stars | 3.4 stars | 4.3 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 | 4.5 stars | 4.7 stars | 4.5 stars | 4.5 stars |
| Web platform score | 2.8 stars | 3.8 stars | 2.8 stars | 2.8 stars | 2.8 stars |
| Markets and products score | 1.4 stars | 2.0 stars | 2.0 stars | 1.5 stars | 1.5 stars |
|
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74-89% of retail CFD accounts lose money |
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74-89% of retail CFD accounts lose money |
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76.14% of retail CFD accounts lose money |
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73.40% 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
- AvaTrade is recommended for forex and cfd traders looking for an option to use metatrader platforms
- FP Markets is recommended for forex and cfd traders familiar with metatrader and iress trading platforms
- FxPro is recommended for forex and cfd traders looking for a broker with great account opening and familiar with metatrader platform
- ATFX is recommended for forex and cfd traders familiar with the metatrader 4 trading platform
Important factors of finding MultiBank alternatives
So far BrokerChooser has reviewed 81 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
MultiBank
MultiBank is a global CFD and FX broker. MultiBank Group is a global financial group that includes companies from asset management to brokerage. MultiBank's brokerage service is operating under several legal entities regulated by Australian ASIC and other financial regulators. In this review, we 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 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 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 familiar with the metatrader trading platform
| Pros | Cons |
|---|---|
| • Fast and easy account opening | • High stock CFD and inactivity fee |
| • Free and multiple deposit and withdrawal options | • Limited product coverage |
| • Fast and relevant customer service | • Basic research and educational tools |
Fees
MultiBank does not charge any withdrawal fees and has low forex and stock index CFD fees. On the other hand, the stock CFD and inactivity fees are high.
| Pros | Cons |
|---|---|
| • Low forex fees | • High inactivity fee |
| • No withdrawal fee | • High stock CFD fees |
| MultiBank | AvaTrade | FP Markets | FxPro | ATFX | |
|---|---|---|---|---|---|
| S&P 500 index CFD fee | $1.3 | $1.1 | $0.0 | $2.7 | $2.1 |
| Europe 50 index CFD fee | $2.1 | $0.8 | $1.7 | $2.6 | $1.7 |
| EURUSD benchmark fee | $6.7 | $10.3 | $5.7 | $8.8 | $7.2 |
| GBPUSD benchmark fee | $6.2 | $9.2 | $5.2 | $7.6 | $5.1 |
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
The account opening procedure with Multibank is easy and straightforward. The account is ready for trading within a day.
| Pros | Cons |
|---|---|
| • Fast | • High minimum deposit for ECN Pro and MultiBank Pro accounts |
| • Fully digital | |
| • Low minimum deposit |
| MultiBank | AvaTrade | FP Markets | FxPro | ATFX | |
|---|---|---|---|---|---|
| Minimum deposit | $50 | $100 | $100 | $100 | $500 |
| 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 |
| MultiBank | AvaTrade | FP Markets | FxPro | ATFX | |
|---|---|---|---|---|---|
| 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
At Multibank you can use the MetaTrader4 trading platform. It is highly customizable, available in a lot of languages, and has a clear fee report. On the negative side, it lacks a 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 | AvaTrade | FP Markets | FxPro | ATFX | |
|---|---|---|---|---|---|
| Web platform score | 2.8 stars | 3.8 stars | 2.8 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 3.8 stars | 4.7 stars | 3.8 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 with forex and CFDs. CFDs are provided in several forms, such as stock indexes and cryptos.
| MultiBank | AvaTrade | FP Markets | FxPro | ATFX | |
|---|---|---|---|---|---|
| Stock | No | No | Yes | No | No |
| ETF | No | No | No | No | No |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Fund | No | No | No | No | No |
| Bond | No | No | No | No | No |
| Options | No | No | No | No | No |
| Futures | No | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | No | Yes |
Verdict
MultiBank is regulated by more financial authorities globally, including the top-tier ASIC.
The account opening is seamless and hassle-free. Multiple and free options are offered for deposit and withdrawal. The customer service is great.
MultiBank has some drawbacks though. The stock CFD and inactivity fees are high. Its product range is limited to FX, CFDs, and cryptos. The research and educational tools are also basic.
| 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 | 3.2 stars |
| Recommended for | Forex and CFD traders familiar with the MetaTrader trading platform |
MultiBank alternatives
AvaTrade
AvaTrade is a global CFD and forex broker founded in 2006. It is regulated by several financial authorities, such as 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 and average forex fees. Withdrawals are free of charge, 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 | $9.0 | $52.7 |
| Vodafone benchmark fee | $6.0 | $53.2 |
| EURUSD benchmark fee | $10.3 | $6.7 |
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 seamless 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, and debit card deposits can also be slow.
| 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 order type | • No price alerts |
| AvaTrade | MultiBank | |
|---|---|---|
| Web platform score | 3.8 stars | 2.8 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, bonds or mutual funds.
| AvaTrade | MultiBank | |
|---|---|---|
| Stock | No | No |
| ETF | No | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | 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 | 3.4 stars |
| Recommended for | Forex and CFD traders looking for an option to use MetaTrader platforms |
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MultiBank alternatives
FP Markets
FP Markets was founded in 2005 and it is an Australian CFD and forex broker. It is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority of St. Vincent and the Grenadines.
FP Markets is considered safe because it has a long track record and it is regulated by the top-tier ASIC.
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 familiar with metatrader and iress trading platforms
| Pros | Cons |
|---|---|
| • Low forex fees | • High stock CFD fees |
| • Easy and fast account opening | • Limited product portfolio |
| • Quick deposits and withdrawals | • Outdated web and desktop platform |
Fees
FP Markets has low forex and non-trading fees and charges no inactivity fee. On the flip side, stock CFD fees are high.
| Pros | Cons |
|---|---|
| • Low trading fees | • High stock CFD fees |
| • Low non-trading fees | • High fee for international bank withdrawal |
| • Low forex fees |
| FP Markets | MultiBank | |
|---|---|---|
| Apple benchmark fee | $32.9 | $52.7 |
| Vodafone benchmark fee | $27.6 | $53.2 |
| EURUSD benchmark fee | $5.7 | $6.7 |
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
Opening an account at FP Markets is super quick and fully digital. While the minimum deposit is not high for forex, some account types require at least $1,000 balance.
| Pros | Cons |
|---|---|
| • Fast | • High minimum account balance for CFD and stock account types |
| • Fully digital | |
| • No minimum deposit for forex accounts |
| FP Markets | MultiBank | |
|---|---|---|
| Minimum deposit | $100 | $50 |
| Time to open account | 1 day | 1 day |
If you are interested more in FP Markets minimum deposit, this overview will help you.
Deposit and withdrawal
FP Markets offers a wide range of deposit and withdrawal options, but it charges a withdrawal fee for some of the options.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Some withdrawal options are not free of charge |
| • No deposit fee | |
| • Several account base currencies |
| FP Markets | MultiBank | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
FP Markets' web trading platform is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the other hand, it lacks a two-step login and 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 | • Outdated design |
| FP Markets | MultiBank | |
|---|---|---|
| Web platform score | 2.8 stars | 2.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.4 stars | 3.4 stars |
Learn more about FP Markets's web trading platform in the detailed FP Markets review.
Markets and products
FP Markets offers a great portfolio in CFDs, forex, and cryptos. Australian stocks are available, too. Other stocks, ETFs, mutual funds, bonds, options and futures are missing.
| FP Markets | MultiBank | |
|---|---|---|
| Stock | Yes | No |
| ETF | No | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
FP Markets is a great CFD and forex broker regulated by the top-tier Australian Securities and Investments Commission (ASIC). It offers low forex fees and does not charge an inactivity fee. Both account opening and depositing are fast and you'll find high-quality educational tools, too.
On the downside, stock CFD fees are high and their product portfolio is limited, as it covers only CFDs (equities, indices, metals) and forex instruments. MT4 web and desktop trading platforms have outdated designs.
Feel free to try FP Markets as account opening is easy and there are no inactivity fees.
| FP Markets | |
|---|---|
| Summary | FP Markets is an Australian CFD and forex broker regulated by the top-tier ASIC. |
| Fees score | 4.2 stars |
| Recommended for | Forex and CFD traders familiar with MetaTrader and IRESS trading platforms |
MultiBank alternatives
FxPro
FxPro is a global CFD and forex broker founded in 2006. It is regulated by several financial authorities globally, including the UK's top-tier Financial Conduct Authority (FCA).
FxPro is considered safe because it is regulated by the top-tier FCA and it has a relatively long track record.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.14% 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 a broker with great account opening and familiar with metatrader platform
| Pros | Cons |
|---|---|
| • Superb account opening process | • Only CFDs and forex |
| • Great customer service | • High trading fees for some stock CFDs |
| • Free deposit and withdrawal | • Inactivity fee |
Fees
FxPro has free deposit and withdrawal options. On the negative side, FxPro charges an inactivity fee, and stock CFD fees are high.
| Pros | Cons |
|---|---|
| • No withdrawal fee | • Inactivity fee |
| • Low financing rate | • High stock CFD fees |
| FxPro | MultiBank | |
|---|---|---|
| Apple benchmark fee | $11.5 | $52.7 |
| Vodafone benchmark fee | $33.8 | $53.2 |
| EURUSD benchmark fee | $8.8 | $6.7 |
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
FxPro account opening is hassle-free, straightforward and very fast; it may take less than two hours to verify your account.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| FxPro | MultiBank | |
|---|---|---|
| Minimum deposit | $100 | $50 |
| Time to open account | 1 day | 1 day |
If you are interested more in FxPro minimum deposit, this overview will help you.
Deposit and withdrawal
FxPro offers free and fast deposit and withdrawal, via various channels including bank transfer, credit/debit cards and electronic wallets.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Few minor account currencies accepted |
| • Free withdrawal | |
| • No deposit fee |
| FxPro | MultiBank | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
FxPro offers several trading platforms. The MT4 platform we tested is highly customizable and has a clear fee report, but 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 |
| FxPro | MultiBank | |
|---|---|---|
| Web platform score | 2.8 stars | 2.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.4 stars | 3.4 stars |
Learn more about FxPro's web trading platform in the detailed FxPro review.
Markets and products
At FxPro you can trade CFDs of underlying asset classes including forex, stocks, commodities, futures and indices. However, popular products such as real stocks or ETFs are not available.
| FxPro | MultiBank | |
|---|---|---|
| Stock | No | No |
| ETF | No | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | No | Yes |
Verdict
FxPro is regulated by several authorities globally, including the top-tier FCA.
On the plus side, opening an account is fast and takes place fully online and there are a lot of free deposit/withdrawal options. FxPro has great customer service, with many languages supported.
FxPro has some drawbacks though. Its product range is limited to CFDs and forex. Its trading fees are generally low, but relatively high for some stock CFDs. A $15 one-off account maintenance fee and a monthly $5 fee is charged after six months of inactivity.
We recommend FxPro for those who are interested in CFD and forex trading and appreciate a quick and hassle-free account opening process. Feel free to test it via the demo account.
| FxPro | |
|---|---|
| Summary | FxPro is an international CFD and forex broker, regulated by the UK FCA, CySEC of Cyprus and the SCB at the Bahamas. It is also licensed by South Africa's FSCA. |
| Fees score | 3.4 stars |
| Recommended for | Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform |
MultiBank alternatives
ATFX
ATFX has taken the decision to cease providing services to elective professional and retail clients with immediate effect. It is therefore unable to accept any applications. Services to per se professional clients (e.g. financial institutions) will not be impacted. As you cannot open an account at ATFX anymore try our broker finder tool to discover the broker most suitable to your needs or check the lists of the best CFD or forex brokers in 2021.
ATFX is the brand used by branches of global financial group AT Group that provide CFD/forex trading services. ATFX has four legal entities, each with different regulations and services. In this review, we tested the services of AT Global Markets (UK) Limited, which is regulated by the top-tier UK Financial Conduct Authority (FCA).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.40% 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 familiar with the metatrader 4 trading platform
| Pros | Cons |
|---|---|
| • Low forex fees | • Limited product portfolio |
| • Fast and easy account opening | • Slow email support |
| • Free deposit and withdrawal options | • No fundamental data |
Fees
ATFX has low forex fees, as well as no inactivity and withdrawal fees.
| Pros | Cons |
|---|---|
| • Low forex fees | None |
| • No withdrawal fee | |
| • No inactivity fee |
| ATFX | MultiBank | |
|---|---|---|
| Apple benchmark fee | $8.3 | $52.7 |
| Vodafone benchmark fee | - | $53.2 |
| EURUSD benchmark fee | $7.2 | $6.7 |
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
ATFX has a user-friendly and fully digital account opening process, usually taking no more than a day. On the flip side, the minimum deposit is high for non-Standard accounts.
| Pros | Cons |
|---|---|
| • Fast | • High minimum deposit for accounts other than 'Standard' |
| • Fully digital | |
| • User-friendly |
| ATFX | MultiBank | |
|---|---|---|
| Minimum deposit | $500 | $50 |
| Time to open account | 1 day | 1 day |
If you are interested more in ATFX minimum deposit, this overview will help you.
Deposit and withdrawal
ATFX offers free and fast deposit and withdrawal. Options for funding your account include bank transfer, credit/debit cards, and electronic wallets.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • A limited number of available base currencies |
| • Free withdrawal | |
| • No deposit fee |
| ATFX | MultiBank | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
The ATFX web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report, but it lacks a two-step login and 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 |
| ATFX | MultiBank | |
|---|---|---|
| Web platform score | 2.8 stars | 2.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.4 stars | 3.4 stars |
Learn more about ATFX's web trading platform in the detailed ATFX review.
Markets and products
ATFX provides only forex, CFDs and cryptos. It lacks other popular asset classes such as real stocks, mutual funds or bonds.
| ATFX | MultiBank | |
|---|---|---|
| Stock | No | No |
| ETF | No | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
ATFX is regulated by several financial authorities globally, including the top-tier FCA.
On the plus side, ATFX has low forex fees. The account opening process is easy, and multiple options are offered for deposit and withdrawal, all free of charge.
ATFX has some drawbacks, though. The product range is limited to FX, CFDs, and cryptos. Email support can be slow, and fundamental data research is missing.
As trading fees are low and you can use a demo account, feel free to try ATFX.
| ATFX | |
|---|---|
| Summary | ATFX is the forex/CFD brokerage arm of global financial group AT Group. It is regulated by several financial authorities globally, such as the UK FCA or CySEC of Cyprus. |
| Fees score | 4.3 stars |
| Recommended for | Forex and CFD traders familiar with the MetaTrader 4 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 |
| AvaTrade | Global CFD and forex broker | Forex and CFD traders looking for an option to use MetaTrader platforms |
| FP Markets | Australian CFD and forex broker | Forex and CFD traders familiar with MetaTrader and IRESS trading platforms |
| FxPro | Global CFD and forex broker | Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform |
| ATFX | Global CFD and forex broker | Forex and CFD traders familiar with the MetaTrader 4 trading platform |
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