Written by ForexBrokers.com
In this head to head comparison of MultiBank vs ATFX, 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 ATFX, launched in 2017, are both reputable online brokers, each offering their services without the backing of being publicly traded or functioning as banks. When evaluating their trustworthiness, ATFX slightly edges out with a ForexBrokers.com Trust Score of 85, while MultiBank follows closely with a score of 84. Both scores indicate that these brokers are considered trustworthy, falling within the "trusted" category as per ForexBrokers.com's rating criteria.
When it comes to regulatory recognition, which can inspire confidence among clients, ATFX holds a slight advantage with four Tier-1 licenses, compared to MultiBank's three. These Tier-1 licenses are essential as they reflect high trust levels in the industry. Further building their reliability, ATFX possesses two Tier-2 licenses, while MultiBank holds one. Both brokers clearly prioritize regulatory compliance, which is a key factor to consider when choosing an online trading partner.
| Feature |
MultiBank
|
ATFX
|
|---|---|---|
| Year Founded | 2005 | 2017 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 4 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing the commissions and fees of online brokers MultiBank and ATFX, there are some notable differences to consider. MultiBank offers three account types: Standard, Pro, and ECN. The Standard account requires a small $50 deposit but comes with higher spreads, making it less appealing unless you are entirely new to trading. The Pro account, with a $1,000 minimum deposit, offers better spreads. For those seeking the lowest spreads, the ECN account is ideal, demanding a $10,000 deposit and a modest $3 commission per trade. It's worth noting that MultiBank imposes a $60 monthly inactivity fee if there is no trading activity for 90 days.
On the other hand, ATFX offers accounts without available average spread data, which makes direct comparison a bit challenging. Despite this, ATFX has been rated three stars out of five for its commissions and fees, compared to MultiBank's four-star rating. This difference in star ratings reflects a slightly better perception of MultiBank's cost-effectiveness among traders.
In terms of rankings, MultiBank secures the 37th spot out of 62 brokers for its commission and fees, while ATFX ranks at 59th according to ForexBrokers.com. These rankings underline MultiBank's competitive edge over ATFX in this area.
| Feature |
MultiBank
|
ATFX
|
|---|---|---|
| Minimum Deposit | $50 | $500 |
| 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 | No |
| 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.
For those exploring online trading options, MultiBank stands out with a remarkable 1,042 tradeable symbols, offering a broad spectrum for investors keen on diversity. This includes 40 forex pairs available as either CFDs or spot contracts. MultiBank also provides the innovative capability to engage in copy trading, which allows users to mirror successful strategies from top traders. Additionally, investors can buy actual cryptocurrencies, adding another layer of flexibility to their portfolio. With a ranking of 37th out of 62 brokers for range of investments and a commendable 4-star rating, MultiBank is a competitive choice for those who want versatility in their investments.
In contrast, ATFX provides a more focused selection with 150 tradeable symbols, including 44 forex pairs available as CFDs or spot contracts. Like MultiBank, ATFX supports copy trading and offers cryptocurrency derivatives, though it doesn't extend the option to buy actual cryptocurrencies. While not offering exchange-traded securities on U.S. or international exchanges, ATFX ensures that traders have access to essential tools for forex and CFD markets. Despite being ranked 57th out of 62 brokers for range of investments with a 3.5-star rating, ATFX remains suitable for traders who prefer a more streamlined selection of investment options.
| Feature |
MultiBank
|
ATFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 150 |
| Forex Pairs (Total) | 40 | 44 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| 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.
Both MultiBank and ATFX provide a comprehensive trading experience with their platforms and tools, suitable for both beginner and experienced traders. They each offer a free virtual demo account, allowing users to practice trading without any financial risk. MultiBank boasts a proprietary platform in addition to its desktop and web-based platforms, while ATFX does not have a proprietary platform but covers similar ground with its desktop and browser-based offerings. Both brokers support popular MetaTrader 4 and MetaTrader 5 platforms, along with the ability to engage in copy trading. However, neither MultiBank nor ATFX supports DupliTrade or ZuluTrade functionalities.
For charting, MultiBank offers 17 drawing tools compared to ATFX’s 15, although both have similar capabilities like trading directly from stock charts and providing 7 watch list columns. MultiBank is rated 4 stars for its trading platforms and tools, placing it at #39 out of 62 brokers according to ForexBrokers.com. In comparison, ATFX holds a 3.5-star rating, ranking #61. This indicates that while both brokers provide solid trading features, MultiBank is slightly more recognized for its comprehensive tools and user platform experience.
| Feature |
MultiBank
|
ATFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 it comes to mobile trading apps, both MultiBank and ATFX provide accessible platforms for iPhone and Android users, offering convenient trading experiences for a variety of needs. Investors can receive stock and forex price alerts on both apps, keep an eye on real-time market quotes, and adjust between different time frames like daily, weekly, or intraday views. Additionally, each app allows users to draw trendlines on charts and have these markings automatically saved. However, neither platform supports syncing watchlist symbols between the mobile app and an online account, which means you'll need to manually update your lists in both places.
MultiBank stands out with its offering of 30 technical studies for chart analysis on its mobile app compared to ATFX’s seven, providing a richer toolkit for technical traders. In terms of ratings, MultiBank’s mobile app receives four out of five stars, while ATFX garners a respectable 3.5 stars. This difference reflects in their rankings by ForexBrokers.com, where MultiBank is positioned at #41 out of 62 brokers for mobile trading apps, outpacing ATFX, which is ranked at #62. Overall, both apps have their strengths, but MultiBank offers more extensive charting tools and slightly higher user satisfaction.
| Feature |
MultiBank
|
ATFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 7 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
In comparing the market research offerings between MultiBank and ATFX, each broker provides distinct advantages. ATFX stands out by providing daily market commentary, which can be valuable for traders looking to stay on top of the latest market trends and insights. Additionally, ATFX offers advanced tools such as Autochartist and Trading Central for technical and fundamental analysis, making it a good choice for traders interested in accessing a variety of analytical resources. MultiBank, however, provides forex news from top-tier sources like Bloomberg and Reuters, ensuring that clients receive trustworthy and comprehensive news updates. Both brokers supply an economic calendar to keep traders informed about significant global events, which is essential for strategic planning.
When evaluating research ratings, MultiBank slightly edges out ATFX with a 3.5-star rating compared to ATFX's 3-star rating. Furthermore, in rankings by ForexBrokers.com, MultiBank is positioned at #49 out of 62 brokers for the Research category, offering a marginally higher standing than ATFX, which is ranked #54. While neither broker provides sentiment-based trading tools, TipRanks, or Acuity Trading resources, differences in their other research offerings can influence which platform might better suit an individual trader’s needs.
| Feature |
MultiBank
|
ATFX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| 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 it comes to educational resources for beginners, both MultiBank and ATFX offer a variety of materials centered on forex and CFDs. Each broker provides more than ten educational pieces, such as articles and videos, to help newcomers get acquainted with the trading world. In terms of videos specifically tailored for beginners, both platforms stand on equal footing, offering over ten instructional videos each. However, neither MultiBank nor ATFX organizes monthly online educational webinars, which means beginners might miss out on live, interactive learning sessions.
Where the two diverge is in the availability of additional resources. ATFX offers a searchable archive of past client webinars, allowing learners to catch up on what they might have missed. ATFX also provides an investor dictionary featuring over 50 investing terms, a handy tool for novices trying to grasp industry jargon. Unfortunately, MultiBank does not offer either of these features. Despite MultiBank's slightly higher education rating of 3.5 stars compared to ATFX's 3 stars, ATFX scores better in ranking, positioned at #28 out of 62 brokers, in contrast to MultiBank's #50. This suggests that ATFX might offer a more comprehensive educational experience despite its lower star rating.
| Feature |
MultiBank
|
ATFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| 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 ATFX. MultiBank finished with an overall rank of #40, while ATFX finished with an overall rank of #51.
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
|
ATFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 85 |
| Range of Investments |
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MultiBank allows investors to purchase both actual delivered cryptocurrencies and cryptocurrency derivatives, whereas ATFX only offers the option to buy cryptocurrency derivatives.
When comparing online brokers MultiBank and ATFX, MultiBank supports ACH or SEPA transfers, which ATFX does not offer, while both brokers provide options for Skrill, Visa or Mastercard, and bank wires, though neither supports PayPal for depositing or withdrawing account funds.
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 | ATFX | |
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| Trust Score | 84 | 85 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | ATFX | |
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| Regulation | MultiBank | ATFX | |
|---|---|---|---|
| Trust Score | 84 | 85 | |
| Year Founded | 2005 | 2017 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 4 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | ATFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | MultiBank | ATFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | MultiBank | ATFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 150 | |
| Forex Pairs (Total) | 40 | 44 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| 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 | ATFX | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | MultiBank | ATFX | |
|---|---|---|---|
| Minimum Deposit | $50 | $500 | |
| 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 | ATFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | ATFX | |
|---|---|---|---|
| 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 | ATFX | |
|---|---|---|---|
| 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 | 7 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | MultiBank | ATFX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | ATFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | MultiBank | ATFX | |
|---|---|---|---|
| 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 | ATFX | |
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| Trust Score | 84 | 85 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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