Compare MultiBank vs XM

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

MultiBank vs XM
open account	Open account 74-89% of retail CFD accounts lose money	Open account 75.55% of retail CFD accounts lose money
overall rating	3.9	4.4
overall pros	Fast and easy account opening Free and multiple deposit and withdrawal options Fast and relevant customer service	Low CFD and withdrawal fees Easy and fast account opening Great educational tools
overall cons	High stock CFD and inactivity fee Limited product coverage Basic research and educational tools	Limited product portfolio Average forex fees No investor protection for non-EU clients
fees	2.9 No withdrawal fee Low stock index CFD fees High inactivity fee High stock CFD fees	3.5 No withdrawal fee Low CFD fees Inactivity fee Average FX fees
account opening	5.0 Fast Fully digital Low minimum deposit High minimum deposit for ECN Pro and MultiBank Pro accounts	5.0 Fast Fully digital Low minimum deposit
deposit and withdrawal	4.5 Credit/Debit card available Free withdrawal No deposit fee	5.0 Credit/Debit card available Several account base currencies Free wire withdrawal above $200
web trading platform	2.8 Clear fee report Good customizability (for charts, workspace) Order confirmation No two-step (safer) login No price alerts Poor design	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	3.8 User-friendly Good search function Price alerts No two-step (safer) login No Touch/Face ID login No order confirmation	3.8 User-friendly Good search function Price alerts No two-step (safer) login No Touch/Face ID login
desktop trading platform	3.4 Clear fee report Good customizability (for charts, workspace) Price alerts No two-step (safer) login Poor design	3.4 Clear fee report Good customizability (for charts, workspace) Price alerts No two-step (safer) login Outdated design Search function could be better
markets and products	1.4 Forex CFD Crypto	2.5 Forex CFD Real stocks for clients under Belize (IFSC)
research	2.3 User-friendly Useful daily newsletters No trading ideas No fundamental data available No/poor quality news flow	4.4 Trading ideas Quality news flow User-friendly No fundamental data available
customer service	4.5 Phone support Live chat Fast response time No 24/7 support	4.0 Phone support Live chat Fast response time No 24/7 support
education	1.5 Demo account No trading platform tutorial videos No educational videos	4.5 Demo account Trading platform tutorial Educational videos
safety	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	Negative balance protection Regulated by the top-tier ASIC Does not hold a banking license Not listed on stock exchange Financial information is not publicly available
recommended for	Forex and CFD traders familiar with the MetaTrader trading platform	Forex and CFD traders who prefer MetaTrader platforms and seek great account opening

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