Compare FXCM vs MultiBank


Online brokers compared for fees, trading platforms, safety and more. See how FXCM stacks up against MultiBank!

FXCM vs MultiBank
overall rating
4.4
3.9
overall pros
  • Fast and straightforward account opening
  • Good technical research tools
  • High-quality educational content
  • Fast and easy account opening
  • Free and multiple deposit and withdrawal options
  • Fast and relevant customer service
overall cons
  • Limited product portfolio
  • High bank withdrawal fees
  • No two-step authentication on trading platforms
  • High stock CFD and inactivity fee
  • Limited product coverage
  • Basic research and educational tools
fees
3.7
  • Low trading fees
  • Low CFD fees
  • Inactivity fee after one year
2.8
  • No withdrawal fee
  • Low stock index CFD fees
  • High inactivity fee
  • High stock CFD fees
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • User-friendly
  • Slower than at most forex brokers
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
  • High minimum deposit for ECN Pro and MultiBank Pro accounts
deposit and withdrawal
4.0
  • Credit/Debit card available
  • No deposit fee
  • Free credit/debit card withdrawal
  • High bank withdrawal fees
  • No minor account base currencies are accepted
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
web trading platform
3.3
  • Good search function
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
3.0
  • User-friendly
  • Good variety of order types
  • Order confirmation
  • No two-step (safer) login
  • Poor search function
  • No price alerts
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
1.6
  • Forex
  • CFD
  • Crypto
1.4
  • Forex
  • CFD
  • Crypto
research
4.3
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • No fundamental data available
2.3
  • User-friendly
  • Useful daily newsletters
  • No trading ideas
  • No fundamental data available
  • No/poor quality news flow
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
1.5
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • Majority of clients belong to a top-tier financial authority
  • Parent company is listed on stock exchange
  • Negative balance protection in the EU
  • Non-EU customers are not covered by negative balance or investor protection
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • No investor protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Forex traders looking for easy account opening, funding and withdrawal Forex and CFD traders familiar with the MetaTrader 4 trading platform
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