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Our top alternative brokers to MultiBank
AvaTrade
4.5
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72% of retail CFD accounts lose money
FP Markets
4.4
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74-89% of retail CFD accounts lose money
Our top alternative brokers to MultiBank
AvaTrade
4.5
Visit broker
72% of retail CFD accounts lose money
FP Markets
4.4
Visit broker
74-89% of retail CFD accounts lose money
MultiBank Alternatives

The best alternatives to MultiBank are

  1. AvaTrade - Global CFD and forex broker
  2. FP Markets - Australian CFD and forex broker
  3. FxPro - Global CFD and forex broker
  4. 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 alternatives comparison
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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72% 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

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74-89% of retail CFD accounts lose money

Fees
3.2

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 alternatives trading 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

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74-89% of retail CFD accounts lose money

Account opening
5.0

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 alternatives minimum deposit and account open times
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.

Visit broker More
74-89% of retail CFD accounts lose money

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 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

Visit broker More
74-89% of retail CFD accounts lose money

Web trading platform
2.8

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 - Web trading platform
MultiBank and alternatives trading platform scores
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.

Visit broker
74-89% of retail CFD accounts lose money

Markets and products
1.4

At Multibank you can trade only with forex and CFDs. CFDs are provided in several forms, such as stock indexes and cryptos.
MultiBank and alternatives markets and products
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

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74-89% of retail CFD accounts lose money

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

Visit broker More
74-89% 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 $52.7
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

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

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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

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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.

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
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

Visit broker
74-89% of retail CFD accounts lose money

Fees
4.2

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
MultiBank vs. FP Markets: Trading 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

Visit broker More
74-89% of retail CFD accounts lose money

Account opening
5.0

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

Visit broker More
74-89% of retail CFD accounts lose money

Deposit and withdrawal
4.7

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

Visit broker More
74-89% of retail CFD accounts lose money

Web trading platform
2.8

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

Visit broker
74-89% of retail CFD accounts lose money

Markets and products
2.0

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.
MultiBank vs. FP Markets: Markets and products
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

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74-89% of retail CFD accounts lose money

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

Visit broker More
74-89% of retail CFD accounts lose money

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

Visit broker
76.14% of retail CFD accounts lose money

Fees
3.4

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
MultiBank vs. FxPro: Trading 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

Visit broker More
76.14% of retail CFD accounts lose money

Account opening
5.0

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

Visit broker More
76.14% of retail CFD accounts lose money

Deposit and withdrawal
4.5

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

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76.14% of retail CFD accounts lose money

Web trading platform
2.8

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

Visit broker
76.14% of retail CFD accounts lose money

Markets and products
1.5

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.
MultiBank vs. FxPro: Markets and products
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

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76.14% of retail CFD accounts lose money

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

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76.14% 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

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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 $52.7
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

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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

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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.

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

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73.40% of retail CFD accounts lose money

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
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

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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74-89% of retail CFD accounts lose money
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72% 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
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