Overview of MultiBank fees and charges
We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.
- Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
- Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
- Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
- Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.
As MultiBank focuses on CFD and forex trading, the most important cost elements are spreads and financing rates (overnight fees), commissions less so.
Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Now, let's dive into the details and see what commissions, spreads, and financing rates MultiBank charges.
Visit broker
74-89% of retail CFD accounts lose money
74-89% of retail CFD accounts lose money
MultiBank commission and other trading fees
The good news is that MultiBank has low trading fees in general. We ranked the fees of MultiBank as low, average, or high based on how they compare with all reviewed brokers.
Check out this table to get an overview of whether MultiBank commissions, spreads, and financing rates for each asset class are low/average/high.
Forex
|
Low | Low | Low |
---|---|---|---|
CFD
|
Low | Low | Average |
Financing rate
|
Low | Average | Average |
Now let's go over the trading fees for each asset class one by one.
MultiBank forex commissions and spreads
MultiBank forex fees are low. MultiBank forex commissions and spreads for individual currency pairs are charged as per the table below.
EURUSD fee description
|
ECN account: $3.00 commission per lot per trade plus spread cost. 0.6 pips is the average spread cost during peak trading hours. |
---|---|
GBPUSD fee description
|
ECN account: $3.00 commission per lot per trade plus spread cost. 0.6 pips is the average spread cost during peak trading hours. |
Check out how MultiBank forex fees compare to its two closest competitors.
EURUSD benchmark fee
|
$9.3 | $14.0 | $11.4 |
---|---|---|---|
GBPUSD benchmark fee
|
$6.1 | $7.4 | $7.0 |
AUDUSD benchmark fee
|
$10.2 | $15.2 | $13.0 |
EURCHF benchmark fee
|
$0.0 | $1.6 | $1.0 |
EURGBP benchmark fee
|
$10.5 | $15.8 | $14.1 |
Forex fees are calculated for a $20,000 trade using 30:1 leverage
MultiBank CFD commissions and spreads
MultiBank CFD fees are low. MultiBank CFD commissions and spreads for different assets are charged as per the table below.
S&P 500 CFD fee
|
The fees are built into the spread, 0.3 points is the average spread cost during peak trading hours. |
---|---|
Europe 50 CFD fee
|
The fees are built into the spread, 2.1 points is the average spread cost during peak trading hours. |
Apple CFD
|
ECN account pricing: $3 per lot per trade commission for accounts less than $20,000 balance. There is also a spread cost; 0.06 pips is the average spread cost during peak trading hours. |
Vodafone CFD
|
ECN account pricing: $3 per lot per trade commission for accounts less than $20,000 balance. There is also a spread cost; 0.08 pips is the average spread cost during peak trading hours. |
Below you can see how MultiBank CFD fees compare with those of Admirals (Admiral Markets) and AvaTrade.
S&P 500 index CFD fee
|
$2.8 | $3.3 | $3.8 |
---|---|---|---|
Euro Stoxx 50 index CFD fee
|
$3.1 | $2.4 | $3.8 |
Apple CFD
|
$0.3
|
$1.1
|
$0.9
|
Vodafone CFD
|
$1.1
|
$1.8
|
$3.7
|
CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs
MultiBank financing rates
MultiBank financing rates are low. They make up a significant part of your trading costs if you hold your position for a long time.
Check out how MultiBank financing rates compare with those of Admirals (Admiral Markets) and AvaTrade.
EURUSD financing rate
|
1.8%
|
3.3%
|
2.5%
|
---|---|---|---|
GBPUSD financing rate
|
1.0%
|
1.4%
|
1.2%
|
S&P 500 CFD financing rate
|
6.9%
|
8.2%
|
9.6%
|
Euro Stoxx 50 CFD financing rate
|
5.9%
|
4.8%
|
7.9%
|
Apple CFD financing rate
|
6.9%
|
3.2%
|
11.1%
|
Vodafone CFD financing rate
|
6.5%
|
8.7%
|
10.9%
|
MultiBank non-trading fees
In addition to trading fees, it's important to see if MultiBank charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by MultiBank with its two closest competitors.
Deposit fee
|
$0
|
$0
|
$0
|
---|---|---|---|
Withdrawal fee
|
$0
|
$0
|
$0
|
Account fee
|
No
|
No
|
No
|
Inactivity fee
|
Yes
|
Yes
|
Yes
|
CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs
Bottom line
Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by MultiBank and its closest competitors. To learn more about MultiBank, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.
If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
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.