Written by ForexBrokers.com
In this head to head comparison of MultiBank vs Alpari, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
MultiBank, founded in 2005, and Alpari, established in 1998, are both privately owned online brokers without any affiliations to banks. When it comes to regulatory trust, MultiBank stands out with three Tier-1 licenses, which are highly regarded, and one Tier-2 license. This gives MultiBank a ForexBrokers.com Trust Score of 84, placing it in the trusted category. In contrast, Alpari holds neither Tier-1 nor Tier-2 licenses and has a Trust Score of 68, indicating a higher risk level according to ForexBrokers.com.
Despite neither company being publicly traded or associated with a bank, MultiBank's regulatory credentials suggest a stronger level of trustworthiness compared to Alpari. For traders and investors, MultiBank's combination of multiple high-level licenses and a higher trust score may offer more confidence and security than Alpari's current standing.
| Feature |
MultiBank
|
Alpari
|
|---|---|---|
| Year Founded | 2005 | 1998 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 0 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing the commissions and fees for MultiBank and Alpari, both brokers have some distinct features worth noting. MultiBank offers three account types tailored for forex and CFD trading: Standard, Pro, and ECN. The Standard account is accessible with a $50 minimum deposit but comes with higher spreads, which might not be ideal even for newcomers. On the other hand, the Pro account, which requires a $1,000 deposit, offers more competitive spreads. For those seeking the lowest spreads, the ECN account demands a $10,000 deposit and charges a reasonable round-trip commission of $3 per trade. It's important to consider MultiBank's non-trading fee, which is a monthly $60 if there is no activity for 90 days.
In contrast, detailed spread data for Alpari isn't readily available, making it a bit more challenging to thoroughly assess its commission structure. However, it's essential to mention that both brokers are rated four out of five stars regarding commissions and fees. While MultiBank is ranked 37th out of 62 brokers, Alpari closely follows at the 41st position according to ForexBrokers.com. This ranking indicates that although both brokers offer competitive options, MultiBank might have a slight edge over Alpari in terms of fees.
| Feature |
MultiBank
|
Alpari
|
|---|---|---|
| Minimum Deposit | $50 | $20 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing MultiBank and Alpari, potential investors will notice differing strengths in their offered range of investments. MultiBank impresses with a vast selection of 1,042 tradeable symbols, which far exceeds Alpari's 105 options. For those specifically interested in forex trading, MultiBank provides 40 pairs, while Alpari slightly surpasses this with 46 pairs. Both brokers support forex trading through CFD and spot contracts, and offer copy trading functionality. However, MultiBank distinguishes itself by offering the ability to buy actual delivered cryptocurrency, a feature Alpari does not provide. Both platforms offer cryptocurrency derivatives for investors interested in this area.
When it comes to traditional stocks, neither MultiBank nor Alpari provides direct access to U.S. exchange-traded securities, such as Apple shares. For those looking to invest internationally, Alpari holds the advantage, allowing investment in international exchange-traded securities like Vodafone shares, a service not available with MultiBank. According to ForexBrokers.com, MultiBank boasts a 4-star rating for its range of investments, ranking 37th out of 62 brokers, while Alpari is rated with 3 stars, coming in last at 62nd. This overview highlights MultiBank's broader spectrum of investment symbols and cryptocurrency offerings, while Alpari holds its ground with a slightly wider range of forex pairs and access to international stock markets.
| Feature |
MultiBank
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 105 |
| Forex Pairs (Total) | 40 | 46 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing MultiBank and Alpari, both online brokers shine by offering comprehensive trading platforms and tools for traders. Each provides simulated trading through free demo accounts, allowing users to practice without risk. Both brokers have developed their own proprietary platforms and cater to different user preferences by offering Windows-based desktop applications, alongside convenient web-based platforms accessible through browsers. MetaTrader 4 and MetaTrader 5 are available with both companies, accommodating traders who prefer these popular trading platforms. Additionally, both firms support copy trading, although they do not offer DupliTrade or ZuluTrade. A solid selection of technical indicators enriches trading strategies, while MultiBank offers 17 drawing tools for charting compared to Alpari’s 15, proving advantageous for users seeking enhanced visual analysis.
MultiBank and Alpari both support trading directly from stock charts, a feature that adds to their platforms' functionality. Watch lists are easily customizable with seven columns available on both brokerage platforms. From a performance standpoint, MultiBank and Alpari garnished a commendable four-star rating for their trading platforms and tools. However, ForexBrokers.com ranks MultiBank at #39 out of 62 brokers, showing it has a slight edge over Alpari, which stands at #55. Whether you prioritize familiar applications like MetaTrader or seek proprietary solutions, both MultiBank and Alpari have designed their platforms to cater to a wide array of trading needs, ensuring tools and features that fit various trading styles.
| Feature |
MultiBank
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 38 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of MultiBank and Alpari, both platforms provide iPhone and Android apps that cater to stock and forex traders. They offer essential features such as price alerts and trendline drawing on charts, with the ability to view multiple time frames, like daily or weekly, ensuring a comprehensive trading experience on the go. Each app includes 30 technical studies for chart analysis and allows users to create watchlists with real-time quotes. However, watchlist symbol syncing between the mobile app and online account is not available on either platform, limiting flexibility for traders. A noteworthy distinction is that only MultiBank’s app automatically saves chart drawings, providing a slight edge in convenience.
Despite these similarities and differences, both MultiBank and Alpari receive a solid 4-star rating for their mobile trading apps. Yet, in a ranking by ForexBrokers.com, MultiBank takes a slight lead, positioned at #41 compared to Alpari’s #56 out of 62 brokers. This ranking might indicate a more favorable user experience for MultiBank users. Whether you prioritize automatic saving features or overall rating, both apps offer quality tools for traders on both iPhone and Android devices.
| Feature |
MultiBank
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, both MultiBank and Alpari provide access to high-quality forex news from recognized sources like Bloomberg and Reuters, ensuring that traders stay informed with credible information. Despite the benefits of reliable news, neither broker offers daily market commentary to help traders stay on top of everyday market changes. Both MultiBank and Alpari include an economic calendar that highlights important global events, aiding traders in making informed decisions based on upcoming economic developments.
Alpari stands out with its integration of Autochartist tools for technical or fundamental analysis, giving traders access to advanced automated research resources that MultiBank does not provide. However, neither broker supports tools from Trading Central or offers sentiment-based trading resources. Both brokers also fall short in offering market research tools from companies like TipRanks or Acuity Trading. In terms of overall research rankings, MultiBank edges slightly ahead with a 3.5-star rating and a rank of #49 among 62 brokers, while Alpari holds a 3-star rating and is ranked #57.
| Feature |
MultiBank
|
Alpari
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When examining the educational resources geared towards beginners, both MultiBank and Alpari offer a range of materials that cater to those new to forex and CFD trading. Each broker provides more than ten educational pieces, including articles, videos, and archived webinars, focusing on essential trading topics. Moreover, beginners can find at least ten videos specifically designed for those just starting out. However, neither brokerage hosts regular educational webinars or maintains a searchable archive of past webinars, limiting the ongoing learning opportunities for clients who prefer interactive learning experiences.
While both brokers provide a similar level of beginner-focused content, there are notable differences. Alpari includes an investor dictionary with over 50 terms, providing a handy reference tool for those learning the trading language. MultiBank, unfortunately, lacks such a resource. In terms of educational ratings, MultiBank holds a slight edge with a 3.5-star rating compared to Alpari’s 3-star rating. Despite this, both platforms fall towards the lower end of the ForexBrokers.com rankings, with MultiBank at #50 and Alpari slightly higher at #48, out of a total of 62 brokers. This positions both as decent, yet not leading, options for educational support in trading.
| Feature |
MultiBank
|
Alpari
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that MultiBank is better than Alpari. MultiBank finished with an overall rank of #40, while Alpari finished with an overall rank of #57.
MultiBank Group, in operation since 2005, is home to numerous global brands and regulated in jurisdictions all over the world. A multi-asset broker, MultiBank offers forex and CFDs through the MetaTrader and cTrader platform suites (though not all markets are readily available) as well as underlying crypto assets via its regulated crypto exchange. On the negative side, the broker’s market research offering is unimpressive and educational content is entirely absent; MultiBank’s poor performance in these important categories drags down its Overall rating.
| Feature |
MultiBank
|
Alpari
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 68 |
| Range of Investments |
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When comparing MultiBank and Alpari, MultiBank distinguishes itself by offering the ability to buy actual delivered cryptocurrency in addition to cryptocurrency derivatives, whereas Alpari only provides the option to purchase cryptocurrency derivatives.
When comparing online brokers MultiBank and Alpari, it's important to note that MultiBank offers ACH or SEPA transfers for deposits and withdrawals, while Alpari does not, although both brokers support Skrill, Visa, Mastercard, and bank wires, with neither offering PayPal as a funding option.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | MultiBank | Alpari | |
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| Trust Score | 84 | 68 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | Alpari | |
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| Regulation | MultiBank | Alpari | |
|---|---|---|---|
| Trust Score | 84 | 68 | |
| Year Founded | 2005 | 1998 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 0 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | Alpari | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | MultiBank | Alpari | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | MultiBank | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 105 | |
| Forex Pairs (Total) | 40 | 46 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | MultiBank | Alpari | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | MultiBank | Alpari | |
|---|---|---|---|
| Minimum Deposit | $50 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | MultiBank | Alpari | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | MultiBank | Alpari | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 38 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | MultiBank | Alpari | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | MultiBank | Alpari | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | Alpari | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | MultiBank | Alpari | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | MultiBank Review |
| Overall | MultiBank | Alpari | |
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| Trust Score | 84 | 68 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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