The best alternatives to MultiBank are
- Admirals (Admiral Markets) - Global forex and CFD broker
- AvaTrade - Global CFD and forex broker
- Tickmill - Global forex broker
- XM - Global CFD and forex broker
Let's see in a bit more detail how the MultiBank alternatives compare to MultiBank and each other:
Overall score
|
4.2 stars | 4.5 stars | 4.2 stars | 4.4 stars | 4.3 stars |
---|---|---|---|---|---|
Fees score
|
3.4 stars | 3.7 stars | 3.6 stars | 4.1 stars | 4.2 stars |
Account opening score
|
5.0 stars | 5.0 stars | 5.0 stars | 5.0 stars | 5.0 stars |
Deposit and withdrawal score
|
4.4 stars | 5.0 stars | 4.4 stars | 4.4 stars | 5.0 stars |
Web platform score
|
4.8 stars | 2.8 stars | 3.3 stars | 2.8 stars | 2.8 stars |
Markets and products score
|
2.3 stars | 3.1 stars | 2.3 stars | 2.7 stars | 2.3 stars |
|
Visit broker
74-89% of retail CFD accounts lose money |
Visit broker
80% of retail CFD accounts lose money |
Visit broker
71% of retail CFD accounts lose money |
Visit broker
72% of retail CFD accounts lose money |
Visit broker
75.33% of retail CFD accounts lose money |
Why are these brokers considered good alternatives to MultiBank? There are many areas based on which MultiBank can be compared with others. When we say a given online broker is a good alternative to MultiBank we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
MultiBank alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- MultiBank is recommended for forex and cfd traders familiar with the metatrader trading platform
- Admirals (Admiral Markets) is recommended for forex traders who are familiar with the metatrader trading platforms
- AvaTrade is recommended for forex and cfd traders looking for an option to use metatrader platforms
- Tickmill is recommended for forex traders looking for low fees who are familiar with the metatrader 4 platform
- XM is recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening
Important factors of finding MultiBank alternatives
So far BrokerChooser has reviewed 101 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!
Admirals (Admiral Markets)
Recommended for forex traders who are familiar with the MetaTrader trading platforms
Visit broker
80% of retail CFD accounts lose money
S&P 500 CFD spread
|
0.4 | 0.9 |
---|---|---|
Euro Stoxx 50 CFD spread
|
1.3 | 0.8 |
Apple CFD fees per $2,000 trade
|
$1.1
|
$2.6
|
Vodafone CFD fees per $2,000 trade
|
$1.8
|
$10.0
|
Minimum deposit
|
$100
|
$50
|
---|---|---|
Time to open account
|
1 day | 1 day |
If you are interested more in Admirals (Admiral Markets) minimum deposit, this overview will help you.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
Yes | Yes |
Electronic wallets
|
Yes | Yes |
Withdrawal fee
|
$0
|
$0
|
Web platform score
|
2.8 stars | 4.8 stars |
---|---|---|
Mobile platform score
|
4.3 stars | 3.8 stars |
Desktop platform score
|
3.4 stars | 3.4 stars |
Learn more about Admirals (Admiral Markets)'s web trading platform in the detailed Admirals (Admiral Markets) review.
Visit broker
80% of retail CFD accounts lose money
Stocks
|
Yes |
No
|
---|---|---|
ETFs
|
Yes | No |
Forex
|
Yes | Yes |
Funds
|
No | No |
Bonds
|
No | No |
Options
|
No | No |
Futures
|
No | No |
CFDs
|
Yes | Yes |
Crypto
|
Yes
|
Yes
|
AvaTrade
Recommended for forex and CFD traders looking for an option to use MetaTrader platforms
Visit broker
71% of retail CFD accounts lose money
S&P 500 CFD spread
|
0.5 | 0.9 |
---|---|---|
Euro Stoxx 50 CFD spread
|
2.0 | 0.8 |
Apple CFD fees per $2,000 trade
|
$1.2
|
$2.6
|
Vodafone CFD fees per $2,000 trade
|
$3.7
|
$10.0
|
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.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
Yes | Yes |
Electronic wallets
|
Yes | Yes |
Withdrawal fee
|
$0
|
$0
|
Web platform score
|
3.3 stars | 4.8 stars |
---|---|---|
Mobile platform score
|
4.4 stars | 3.8 stars |
Desktop platform score
|
3.5 stars | 3.4 stars |
Learn more about AvaTrade's web trading platform in the detailed AvaTrade review.
Visit broker
71% of retail CFD accounts lose money
Stocks
|
No |
No
|
---|---|---|
ETFs
|
No | No |
Forex
|
Yes
|
Yes |
Funds
|
No | No |
Bonds
|
No | No |
Options
|
No | No |
Futures
|
No | No |
CFDs
|
Yes | Yes |
Crypto
|
Yes
|
Yes
|
Tickmill
Recommended for forex traders looking for low fees who are familiar with the MetaTrader 4 platform
Visit broker
72% of retail CFD accounts lose money
FX commission per lot
|
$2.00 commission per lot per trade | $3.00 commission per lot per trade |
---|---|---|
EURUSD spread
|
0.2 | 0.3 |
GBPUSD spread
|
0.3 | 0.5 |
AUDUSD spread
|
0.2 | 0.4 |
USDJPY spread
|
0.2 | 0.4 |
USDCAD spread
|
0.3 | 0.7 |
Minimum deposit
|
$100
|
$50
|
---|---|---|
Time to open account
|
1 day | 1 day |
If you are interested more in Tickmill minimum deposit, this overview will help you.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
Yes | Yes |
Electronic wallets
|
Yes | Yes |
Withdrawal fee
|
$0
|
$0
|
Web platform score
|
2.8 stars | 4.8 stars |
---|---|---|
Mobile platform score
|
3.3 stars | 3.8 stars |
Desktop platform score
|
3.4 stars | 3.4 stars |
Learn more about Tickmill's web trading platform in the detailed Tickmill review.
Visit broker
72% of retail CFD accounts lose money
Stocks
|
No |
No
|
---|---|---|
ETFs
|
No | No |
Forex
|
Yes | Yes |
Funds
|
No | No |
Bonds
|
No | No |
Options
|
Yes | No |
Futures
|
Yes | No |
CFDs
|
Yes | Yes |
Crypto
|
Yes
|
Yes
|
XM
Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening
Visit broker
75.33% of retail CFD accounts lose money
S&P 500 CFD spread
|
0.5 | 0.9 |
---|---|---|
Euro Stoxx 50 CFD spread
|
1.5 | 0.8 |
Apple CFD fees per $2,000 trade
|
$1.6
|
$2.6
|
Vodafone CFD fees per $2,000 trade
|
$6.9
|
$10.0
|
Minimum deposit
|
$5
|
$50
|
---|---|---|
Time to open account
|
1 day | 1 day |
If you are interested more in XM minimum deposit, this overview will help you.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
Yes | Yes |
Electronic wallets
|
Yes | Yes |
Withdrawal fee
|
$0
|
$0
|
Web platform score
|
2.8 stars | 4.8 stars |
---|---|---|
Mobile platform score
|
3.3 stars | 3.8 stars |
Desktop platform score
|
3.4 stars | 3.4 stars |
Learn more about XM's web trading platform in the detailed XM review.
Visit broker
75.33% of retail CFD accounts lose money
Stocks
|
Yes |
No
|
---|---|---|
ETFs
|
No | No |
Forex
|
Yes | Yes |
Funds
|
No | No |
Bonds
|
No | No |
Options
|
No | No |
Futures
|
No | No |
CFDs
|
Yes | Yes |
Crypto
|
No |
Yes
|
MultiBank
Recommended for forex and CFD traders familiar with the MetaTrader trading platform
S&P 500 CFD spread
|
0.9 | 0.4 | 0.5 | 0.4 | 0.5 |
---|---|---|---|---|---|
Euro Stoxx 50 CFD spread
|
0.8 | 1.3 | 2.0 | 1.5 | 1.5 |
Apple CFD fees per $2,000 trade
|
$2.6
|
$1.1
|
$1.2
|
-
|
$1.6
|
Vodafone CFD fees per $2,000 trade
|
$10.0
|
$1.8
|
$3.7
|
-
|
$6.9
|
Minimum deposit
|
$50
|
$100
|
$100
|
$100
|
$5
|
---|---|---|---|---|---|
Time to open account
|
1 day | 1 day | 1 day | 1 day | 1 day |
Learn more about MultiBank minimum deposit here.
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 platform score
|
4.8 stars | 2.8 stars | 3.3 stars | 2.8 stars | 2.8 stars |
---|---|---|---|---|---|
Mobile platform score
|
3.8 stars | 4.3 stars | 4.4 stars | 3.3 stars | 3.3 stars |
Desktop platform score
|
3.4 stars | 3.4 stars | 3.5 stars | 3.4 stars | 3.4 stars |
Learn more about MultiBank's web trading platform in the detailed MultiBank review.
Stocks
|
No
|
Yes | No | No | Yes |
---|---|---|---|---|---|
ETFs
|
No | Yes | No | No | No |
Forex
|
Yes | Yes |
Yes
|
Yes | Yes |
Funds
|
No | No | No | No | No |
Bonds
|
No | No | No | No | No |
Options
|
No | No | No | Yes | No |
Futures
|
No | No | No | Yes | No |
CFDs
|
Yes | Yes | Yes | Yes | Yes |
Crypto
|
Yes
|
Yes
|
Yes
|
Yes
|
No |
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 intro
|
Recommended for
|
|
---|---|---|
Global CFD and forex broker | Forex and CFD traders familiar with the MetaTrader trading platform | |
Global forex and CFD broker | Forex traders who are familiar with the MetaTrader trading platforms | |
Global CFD and forex broker | Forex and CFD traders looking for an option to use MetaTrader platforms | |
Global forex broker | Forex traders looking for low fees who are familiar with the MetaTrader 4 platform | |
Global CFD and forex broker | Forex and CFD traders who prefer MetaTrader platforms and seek great account opening |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.