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Our top alternative brokers to MultiBank
HYCM
4.3
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71% of retail CFD accounts lose money
AvaTrade
4.5
Visit broker
72% of retail CFD accounts lose money
Our top alternative brokers to MultiBank
HYCM
4.3
Visit broker
71% of retail CFD accounts lose money
AvaTrade
4.5
Visit broker
72% of retail CFD accounts lose money
MultiBank Alternatives

The best alternatives to MultiBank are

  1. HYCM - Global CFD and forex broker
  2. AvaTrade - Global CFD and forex broker
  3. ATFX - Global CFD and forex broker
  4. ETX Capital - Global CFD and forex broker

Let's see in a bit more detail how the MultiBank alternatives compare to MultiBank and each other:

MultiBank alternatives comparison
MultiBank HYCM AvaTrade ATFX ETX Capital
Overall score 4.0 4.3 4.5 4.4 4.4
Fees score 3.3 stars 4.1 stars 3.4 stars 4.3 stars 3.1 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 4.5 stars 4.5 stars 4.5 stars
Web platform score 2.8 stars 2.8 stars 3.8 stars 2.8 stars 4.0 stars
Markets and products score 1.4 stars 2.0 stars 2.0 stars 1.5 stars 1.9 stars
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71% of retail CFD accounts lose money
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72% of retail CFD accounts lose money
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73.40% of retail CFD accounts lose money
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76.42% 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
  • HYCM is recommended for forex and cfd traders who prefer the metatrader platform
  • AvaTrade is recommended for forex and cfd traders looking for an option to use metatrader platforms
  • ATFX is recommended for forex and cfd traders familiar with the metatrader 4 trading platform
  • ETX Capital is recommended for forex, spread and cfd traders looking for great funding and withdrawal options and an easy-to-use platform

Important factors of finding MultiBank alternatives

So far BrokerChooser has reviewed 85 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
HYCM

HYCM or Henyep Markets is a global CFD and forex broker. HYCM's parent company, Henyep was established in 1977. The broker is regulated by several financial authorities globally, including the UK Financial Services Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

HYCM's UK operation is considered safe because it has a long track record and it is regulated by the top-tier FCA.

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 who prefer the metatrader platform

Pros Cons
Low forex and CFD fees Only forex and CFD products
Great educational content Trading platforms have outdated design
User-friendly account opening Inactivity fee

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71% of retail CFD accounts lose money

Fees
4.1

HYCM has low forex and CFD trading fees. It's also great that the broker charges no deposit and withdrawal fees in most cases. On the negative side, there is a quite high inactivity fee.
Pros Cons
Low forex fees Inactivity fee
Low CFD fees
MultiBank vs. HYCM: Trading fees
HYCM MultiBank
Apple benchmark fee $4.7 $52.8
Vodafone benchmark fee - $53.2
EURUSD benchmark fee $7.1 $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

Visit broker More
71% of retail CFD accounts lose money

Account opening
5.0

The account opening at HYCM is seamless and fully digital. Our account was verified within one business day. The minimum deposit is also low: $100 for Classic and Fixed accounts and $200 for Raw accounts.
Pros Cons
Fast None
Fully digital
Low minimum deposit
MultiBank vs. HYCM: Minimum deposit, time to open an account
HYCM MultiBank
Minimum deposit $100 $50
Time to open account 1 day 1 day

If you are interested more in HYCM minimum deposit, this overview will help you.

Visit broker More
71% of retail CFD accounts lose money

Deposit and withdrawal
4.5

HYCM offers free and fast deposit and withdrawal options, including traditional methods such as bank transfer and credit card funding as well as various e-wallets. On the other hand, the number of available account currencies lags behind some of HYCM's competitors.
Pros Cons
Credit/Debit card available Average account currency selection
Free withdrawal
No deposit fee
MultiBank vs. HYCM: Withdrawal options
HYCM MultiBank
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

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71% of retail CFD accounts lose money

Web trading platform
2.8

HYCM's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages and has a clear fee report. On the other hand, the platform lacks a two-step login or 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
Web trading platform of HYCM, a MultiBank alternative
MultiBank vs. HYCM: Trading platform scores
HYCM 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 HYCM's web trading platform in the detailed HYCM review.

Visit broker
71% of retail CFD accounts lose money

Markets and products
2.0

At HYCM you can only trade with forex and other CFDs (commodities, stock indices, futures, and share CFDs). Popular asset classes, such as real stocks, bonds, mutual funds and options are missing.
MultiBank vs. HYCM: Markets and products
HYCM 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

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71% of retail CFD accounts lose money

Verdict

HYCM is a forex and CFD broker regulated by several authorities globally, including the top-tier FCA.

On the plus side, HYCM has low forex and CFD fees. The education section, especially the webinars are more informative and enjoyable than what some other brokers offer. The account opening is seamless and there are a lot of free deposit & withdrawal options.

On the flip side, the product portfolio at HYCM is limited as the broker only offers forex and CFDs. In our view, the MetaTrader platforms that the broker uses have an outdated design. HYCM charges an inactivity fee: $10 per month after only 90 days of inactivity.

We recommend HYCM for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.

Below you can find links to all aspects of HYCM in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our HYCM fees article.

What about the minimum deposit?

Our ultimate guide to the HYCM minimum deposit is updated regularly.

How to start your HYCM account?

Look no further than our evaluation of the HYCM account opening.

How's their trading app?

Here's our expert view after checking the HYCM trading app.

Is the quality of customer service satisfactory?

All you need to know about the HYCM customer service.

Legit or scam?

Is HYCM legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether HYCM is really free.

Is this broker good for beginners?

We checked it in Is HYCM good for beginners.

Should you buy your silver bullets on HYCM?

Research for silver bugs in the Silver buy on HYCM guide

I want to trade options, are they available at HYCM?

We explored the topic in Can you trade options on HYCM?

HYCM
Summary HYCM is a global forex and CFD broker regulated by many financial authorities globally, including the top-tier FCA.
Fees score 4.1 stars
Recommended for Forex and CFD traders who prefer the MetaTrader platform

Visit broker More
71% of retail CFD accounts lose money

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

Visit broker
72% of retail CFD accounts lose money

Fees
3.4

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
MultiBank vs. AvaTrade: Trading fees
AvaTrade MultiBank
Apple benchmark fee $9.0 $52.8
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

Visit broker More
72% of retail CFD accounts lose money

Account opening
5.0

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
MultiBank vs. AvaTrade: Minimum deposit, time to open an account
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.

Visit broker More
72% of retail CFD accounts lose money

Deposit and withdrawal
4.5

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
MultiBank vs. AvaTrade: Withdrawal options
AvaTrade MultiBank
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
72% of retail CFD accounts lose money

Web trading platform
3.8

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
Web trading platform of AvaTrade, a MultiBank alternative
MultiBank vs. AvaTrade: Trading platform scores
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.

Visit broker
72% of retail CFD accounts lose money

Markets and products
2.0

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.
MultiBank vs. AvaTrade: Markets and products
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

Visit broker More
72% of retail CFD accounts lose money

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.

Below you can find links to all aspects of AvaTrade in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our AvaTrade fees article.

What about the minimum deposit?

Our ultimate guide to the AvaTrade minimum deposit is updated regularly.

How to start your AvaTrade account?

Look no further than our evaluation of the AvaTrade account opening.

How's their trading app?

Here's our expert view after checking the AvaTrade trading app.

Is the quality of customer service satisfactory?

All you need to know about the AvaTrade customer service.

Legit or scam?

Is AvaTrade legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether AvaTrade is really free.

Is this broker good for beginners?

We checked it in Is AvaTrade good for beginners.

Should you buy your silver bullets on AvaTrade?

Research for silver bugs in the Silver buy on AvaTrade guide

I want to trade options, are they available at AvaTrade?

We explored the topic in Can you trade options on 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

Visit broker More
72% of retail CFD accounts lose money

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

Visit broker
73.40% of retail CFD accounts lose money

Fees
4.3

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
MultiBank vs. ATFX: Trading fees
ATFX MultiBank
Apple benchmark fee $8.3 $52.8
Vodafone benchmark fee - $53.2
EURUSD benchmark fee $7.3 $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

Visit broker More
73.40% of retail CFD accounts lose money

Account opening
5.0

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
MultiBank vs. ATFX: Minimum deposit, time to open an account
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.

Visit broker More
73.40% of retail CFD accounts lose money

Deposit and withdrawal
4.5

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
MultiBank vs. ATFX: Withdrawal options
ATFX MultiBank
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
73.40% of retail CFD accounts lose money

Web trading platform
2.8

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
Web trading platform of ATFX, a MultiBank alternative
MultiBank vs. ATFX: Trading platform scores
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.

Visit broker
73.40% of retail CFD accounts lose money

Markets and products
1.5

ATFX provides only forex, CFDs and cryptos. It lacks other popular asset classes such as real stocks, mutual funds or bonds.
MultiBank vs. ATFX: Markets and products
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

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73.40% of retail CFD accounts lose money

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.

Below you can find links to all aspects of ATFX in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our ATFX fees article.

What about the minimum deposit?

Our ultimate guide to the ATFX minimum deposit is updated regularly.

How to start your ATFX account?

Look no further than our evaluation of the ATFX account opening.

How's their trading app?

Here's our expert view after checking the ATFX trading app.

Is the quality of customer service satisfactory?

All you need to know about the ATFX customer service.

Legit or scam?

Is ATFX legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether ATFX is really free.

Is this broker good for beginners?

We checked it in Is ATFX good for beginners.

Should you buy your silver bullets on ATFX?

Research for silver bugs in the Silver buy on ATFX guide

I want to trade options, are they available at ATFX?

We explored the topic in Can you trade options on 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

Visit broker More
73.40% of retail CFD accounts lose money

MultiBank alternatives
ETX Capital

ETX Capital is a global CFD and FX broker. Its parent company, Monecor (London) Ltd. was established in 1965 and is regulated by the Financial Conduct Authority (FCA) making it safe to invest your money with. Monecor (London) Ltd. is regulated by the Cyprus Securities and Exchange Commission (CySEC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.42% 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, spread and cfd traders looking for great funding and withdrawal options and an easy-to-use platform

Pros Cons
Free and multiple deposit and withdrawal options High CFD fees
Easy and fast account opening Only CFDs, forex, and crypto offered
Great educational tools Basic research tools

Visit broker
76.42% of retail CFD accounts lose money

Fees
3.1

ETX Capital has low forex fees and there are no withdrawal fees. On the other hand, the stock CFD fees are high and there is high inactivity charged.
Pros Cons
Low forex fees Inactivity fee
No withdrawal fee High stock CFD fees
MultiBank vs. ETX Capital: Trading fees
ETX Capital MultiBank
Apple benchmark fee $33.6 $52.8
Vodafone benchmark fee $29.3 $53.2
EURUSD benchmark fee $9.3 $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

Visit broker More
76.42% of retail CFD accounts lose money

Account opening
5.0

ETX Capital's account opening is hassle-free and straightforward. Your account should be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
MultiBank vs. ETX Capital: Minimum deposit, time to open an account
ETX Capital MultiBank
Minimum deposit $100 $50
Time to open account 1 day 1 day

If you are interested more in ETX Capital minimum deposit, this overview will help you.

Visit broker More
76.42% of retail CFD accounts lose money

Deposit and withdrawal
4.5

ETX Capital's deposit and withdrawal are free, the processes are fast, and can be done in several methods.
Pros Cons
Credit/Debit card available you can choose from 3 account base currencies
Free withdrawal
No deposit fee
MultiBank vs. ETX Capital: Withdrawal options
ETX Capital MultiBank
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
76.42% of retail CFD accounts lose money

Web trading platform
4.0

ETX Capital has a great web trading platform. It is user-friendly with a great search function and customizability. On the negative side, it lacks two-step login and a clear fee report.
Pros Cons
User-friendly No clear fee report available
Good search function No two-step (safer) login
Good customizability (for charts, workspace)
Web trading platform of ETX Capital, a MultiBank alternative
MultiBank vs. ETX Capital: Trading platform scores
ETX Capital MultiBank
Web platform score 4.0 stars 2.8 stars
Mobile platform score 4.5 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about ETX Capital's web trading platform in the detailed ETX Capital review.

Visit broker
76.42% of retail CFD accounts lose money

Markets and products
1.9

At ETX Capital, you can trade only with CFDs, forex, and cryptos. It lacks real stocks, ETFs, mutual funds, bonds, options, and futures.
MultiBank vs. ETX Capital: Markets and products
ETX Capital 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

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76.42% of retail CFD accounts lose money

Verdict

ETX Capital is regulated by the top-tier FCA.

On the plus side, you can use a lot of deposit and withdrawal options and they are free of charge. We liked the seamless and hassle-free account opening. There is a wide range of educational tools and they have great quality.

ETX Capital has some drawbacks though. The CFD fees are high. Its product range is limited to FX, CFDs, and cryptos. The research tools are limited. 

As there is only a small minimum deposit, there are 5 free withdrawals, and the inactivity fee only kicks in after three months, feel free to try ETX Capital.

Below you can find links to all aspects of ETX Capital in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our ETX Capital fees article.

What about the minimum deposit?

Our ultimate guide to the ETX Capital minimum deposit is updated regularly.

How to start your ETX Capital account?

Look no further than our evaluation of the ETX Capital account opening.

How's their trading app?

Here's our expert view after checking the ETX Capital trading app.

Is the quality of customer service satisfactory?

All you need to know about the ETX Capital customer service.

Legit or scam?

Is ETX Capital legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether ETX Capital is really free.

Is this broker good for beginners?

We checked it in Is ETX Capital good for beginners.

Should you buy your silver bullets on ETX Capital?

Research for silver bugs in the Silver buy on ETX Capital guide

I want to trade options, are they available at ETX Capital?

We explored the topic in Can you trade options on ETX Capital?

ETX Capital
Summary ETX Capital is a global forex and CFD broker regulated by the UK FCA. Its parent company, Monecor (London) Ltd is listed on the London Stock Exchange.
Fees score 3.1 stars
Recommended for Forex, Spread and CFD traders looking for great funding and withdrawal options and an easy-to-use platform

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76.42% of retail CFD accounts lose money

MultiBank alternatives
MultiBank

MultiBank is a global CFD and FX broker. MultiBank Group is 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 High stock CFD and inactivity fees
Free and varied deposit and withdrawal options Limited product coverage
Fast and helpful customer service Poor research and educational tools

Fees
3.3

MultiBank has low forex and stock index CFD fees, and doesn't charge any withdrawal fees. On the other hand, stock CFD fees are high, and an inactivity fee kicks in after three months.
Pros Cons
Low forex fees High inactivity fee
No withdrawal fee High stock CFD fees
MultiBank alternatives trading fees
MultiBank HYCM AvaTrade ATFX ETX Capital
S&P 500 index CFD fee $1.3 $1.0 $1.1 $2.1 $3.0
Europe 50 index CFD fee $2.1 $0.9 $0.8 $1.7 $2.9
EURUSD benchmark fee $6.7 $7.1 $10.3 $7.3 $9.3
GBPUSD benchmark fee $6.1 $8.2 $9.2 $5.1 $7.6

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
5.0

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 alternatives minimum deposit and account open times
MultiBank HYCM AvaTrade ATFX ETX Capital
Minimum deposit $50 $100 $100 $500 $100
Time to open account 1 day 1 day 1 day 1 day 1 day

Learn more about MultiBank minimum deposit here.

Deposit and withdrawal
4.5

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 and alternatives withdrawal options and fees
MultiBank HYCM AvaTrade ATFX ETX Capital
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
2.8

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 - Web trading platform
MultiBank and alternatives trading platform scores
MultiBank HYCM AvaTrade ATFX ETX Capital
Web platform score 2.8 stars 2.8 stars 3.8 stars 2.8 stars 4.0 stars
Mobile platform score 3.8 stars 3.8 stars 4.7 stars 3.8 stars 4.5 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
1.4

At MultiBank, you can trade only forex and CFDs, including stock and stock index CFDs as well as cryptos.
MultiBank and alternatives markets and products
MultiBank HYCM AvaTrade ATFX ETX Capital
Stock No No No 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 Yes Yes

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. Stock CFD fees are high and there is an inactivity fee. 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.

Below you can find links to all aspects of MultiBank in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our MultiBank fees article.

What about the minimum deposit?

Our ultimate guide to the MultiBank minimum deposit is updated regularly.

How to start your MultiBank account?

Look no further than our evaluation of the MultiBank account opening.

How's their trading app?

Here's our expert view after checking the MultiBank trading app.

Is the quality of customer service satisfactory?

All you need to know about the MultiBank customer service.

Legit or scam?

Is MultiBank legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether MultiBank is really free.

Is this broker good for beginners?

We checked it in Is MultiBank good for beginners.

Should you buy your silver bullets on MultiBank?

Research for silver bugs in the Silver buy on MultiBank guide

I want to trade options, are they available at MultiBank?

We explored the topic in Can you trade options on MultiBank?

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.

MultiBank alternatives
Broker Info Recommended for
MultiBank Global CFD and forex broker Forex and CFD traders familiar with the MetaTrader trading platform
HYCM Global CFD and forex broker Forex and CFD traders who prefer the MetaTrader platform
AvaTrade Global CFD and forex broker Forex and CFD traders looking for an option to use MetaTrader platforms
ATFX Global CFD and forex broker Forex and CFD traders familiar with the MetaTrader 4 trading platform
ETX Capital Global CFD and forex broker Forex, Spread and CFD traders looking for great funding and withdrawal options and an easy-to-use platform

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

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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