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MultiBank Alternatives

Written by
Adam N.
Fact checked by
Updated
Jan 2024

The best alternatives to MultiBank are

  1. Admirals (Admiral Markets) - Global forex and CFD broker
  2. AvaTrade - Global CFD and forex broker
  3. Tickmill - Global forex broker
  4. XM - Global CFD and forex broker

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

MultiBank alternatives comparison
XM
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
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)

Admirals (Admiral Markets) is a global forex and CFD broker, which is regulated by several authorities, including the top-tier FCA in the UK and ASIC in Australia.

It charges low forex CFD fees. Deposit and withdrawal are fast and mostly free, and multiple options are available including bank cards and electronic wallets. Account opening is also fast and user-friendly.

On the negative side, Admirals has a limited product portfolio as it mostly offers CFDs; real stocks and ETFs are available only to some clients. Customer support is not available 24/7, and there is an inactivity fee.

BrokerChooser gave Admirals (Admiral Markets) a 4.5/5 rating based on analyzing 600+ criteria and testing via opening a live account.

Recommended for forex traders who are familiar with the MetaTrader trading platforms

Visit broker
80% of retail CFD accounts lose money

Admirals (Admiral Markets) vs. MultiBank: Trading fees
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
Admirals (Admiral Markets) vs. MultiBank: Minimum deposit, time to open an account
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.

Admirals (Admiral Markets) vs. MultiBank: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of Admirals (Admiral Markets), a MultiBank alternative
Admirals (Admiral Markets) vs. MultiBank: Trading platform scores
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

Admirals (Admiral Markets) vs. MultiBank: Markets and products
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

AvaTrade is a global forex and CFD broker. Opening an account at the broker is easy and fully digital. AvaTrade offers various deposit and withdrawal options, all of which are free of charge. It also has diverse and user-friendly research and education tools.

On the negative side, its product portfolio is limited, consisting only of forex, various CFDs (for stocks, indexes, commodities, etc.) and cryptos. Inactivity fees are high, and CFD trading fees are not the most competitive on the market.

Recommended for forex and CFD traders looking for an option to use MetaTrader platforms

Visit broker
71% of retail CFD accounts lose money

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

AvaTrade vs. MultiBank: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of AvaTrade, a MultiBank alternative
AvaTrade vs. MultiBank: Trading platform scores
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

AvaTrade vs. MultiBank: Markets and products
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

Tickmill is a low-cost forex and CFD broker, with low forex and non-trading fees. Account opening is fast, easy and fully digital. You can use many options for deposit and withdrawal, and they're all free of charge.

On the negative side, trading platforms provided by MetaTrader come with an outdated design and a poorly-structured news feed.

BrokerChooser gave Tickmill a 4.4/5 rating based on analyzing 600+ criteria and testing via opening a live account.

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

Tickmill vs. MultiBank: Trading fees
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
Tickmill vs. MultiBank: Minimum deposit, time to open an account
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.

Tickmill vs. MultiBank: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of Tickmill, a MultiBank alternative
Tickmill vs. MultiBank: Trading platform scores
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

Tickmill vs. MultiBank: Markets and products
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

XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and the Belize authority IFSC.

XM has low stock CFD and withdrawal fees. Account opening is user-friendly and fast. You can use many educational tools, such as webinars and a demo account.

On the other hand, XM has a limited product portfolio as it offers mainly CFDs and forex trading. Its forex and stock index CFD fees are average, and there is no investor protection for clients onboarded outside the EU.

BrokerChooser gave XM a 4.3/5 rating based on analyzing 600+ criteria and testing via opening a live account.

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

XM vs. MultiBank: Trading fees
XM
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
XM vs. MultiBank: Minimum deposit, time to open an account
XM
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.

XM vs. MultiBank: Withdrawal options
XM
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of XM, a MultiBank alternative
XM vs. MultiBank: Trading platform scores
XM
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

XM vs. MultiBank: Markets and products
XM
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

MultiBank is an international CFD and forex broker, regulated by several financial authorities such as the top-tier ASIC of Australia.

MultiBank's account opening is smooth and fast. From bank transfers to electronic wallets, you have many options for deposit and withdrawal, and they are all free of charge. Customer service gives quick and useful answers.

On the negative side, there is an inactivity fee, and MultiBank's product portfolio is quite thin, as it covers only forex, CFD and cryptocurrencies. Research and educational tools are also very basic.

BrokerChooser gave MultiBank a 4.2/5 rating based on analyzing 600+ criteria and testing via opening a live account.

Recommended for forex and CFD traders familiar with the MetaTrader trading platform

MultiBank alternatives trading fees
XM
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
MultiBank alternatives minimum deposit and account open times
XM
Minimum deposit
$50
$100
$100
$100
$5
Time to open account
1 day 1 day 1 day 1 day 1 day

Learn more about MultiBank minimum deposit here.

MultiBank and alternatives withdrawal options and fees
XM
Bank transfer
Yes Yes Yes Yes Yes
Credit/debit card
Yes Yes Yes Yes Yes
Electronic wallets
Yes Yes Yes Yes Yes
Withdrawal fee
$0
$0
$0
$0
$0
MultiBank - Web trading platform
MultiBank and alternatives trading platform scores
XM
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.

MultiBank and alternatives markets and products
XM
Stocks
No
Yes No No Yes
ETFs
No Yes No No No
Forex
Yes Yes Yes
Yes Yes
Funds
No No No No No
Bonds
No No No No No
Options
No No No Yes No
Futures
No No No Yes No
CFDs
Yes Yes Yes Yes Yes
Crypto
Yes
Yes
Yes
Yes
No

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 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
XM
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.

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Author of this article

Adam Nasli

Financial Wizard | Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

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.

Visit MultiBank 74-89% of retail CFD accounts lose money
Visit Admirals (Admiral Markets) 80% of retail CFD accounts lose money
Visit AvaTrade 71% of retail CFD accounts lose money
Visit Tickmill 72% of retail CFD accounts lose money
Visit XM 75.33% of retail CFD accounts lose money

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