Written by ForexBrokers.com
In this head to head comparison of MultiBank vs Axi, 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 and Axi are reputable online broker options for traders looking to navigate the financial markets. Founded in 2005, MultiBank operates with a ForexBrokers.com Trust Score of 84, making it a trusted choice, while Axi, established in 2007, holds a slightly lower Trust Score of 82. Neither is publicly traded nor functions as a bank, which is common among brokers. When it comes to regulatory certifications, MultiBank stands out with three Tier-1 licenses and one Tier-2 license, ensuring a higher level of regulatory coverage compared to Axi’s two Tier-1 and one Tier-2 licenses. These Tier-1 licenses are considered highly trusted, enhancing MultiBank’s reputation for reliability.
| Feature |
MultiBank
|
Axi
|
|---|---|---|
| Year Founded | 2005 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When it comes to comparing the commissions and fees for online brokers MultiBank and Axi, both offer distinct advantages suited to different investor needs. MultiBank provides three account types tailored for forex and CFD Trading: Standard, Pro, and ECN. The Standard account is user-friendly for beginners with a low $50 minimum deposit, although it comes with higher spreads. For more experienced traders, the Pro account requires a $1,000 deposit but offers more competitive spreads. The ECN account, suited for big players, demands a $10,000 minimum deposit and offers the lowest spreads with a $3 round-trip commission per trade. However, traders should note the inactivity fee of $60 for accounts without trades for 90 days.
Axi does not provide average spread data, which makes a direct comparison on spreads difficult. However, a general understanding is needed about its fee structure before making a decision. Both brokers receive a solid four-star rating for their commissions and fees, indicating a satisfactory offer in this category. Despite the similarities in their ratings, it's noteworthy that MultiBank ranks at #37 while Axi follows closely at #44 out of 62 brokers, according to ForexBrokers.com.
The choice between MultiBank and Axi ultimately depends on your trading style and budget. MultiBank appeals to a range of investors with options matching various levels of expertise and capital, while Axi remains an alternative with a similar reputational standing in the market without detailed specifics on spreads. Both brokers represent solid options, each with specific advantages depending on individual trading needs.
| Feature |
MultiBank
|
Axi
|
|---|---|---|
| Minimum Deposit | $50 | $0 |
| 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 the range of investments available at MultiBank and Axi, there are some notable differences. MultiBank offers an impressive 1,042 tradeable symbols, while Axi provides 175. Both platforms include forex trading as CFDs or spot contracts, but Axi stands out with 65 forex pairs compared to MultiBank's 40. Neither broker supports exchange-traded securities on U.S. or international exchanges, meaning you won't be able to directly purchase shares like Apple or Vodafone. However, both brokers support copy trading, providing options for traders who wish to follow and mimic the trades of others.
Regarding cryptocurrency, MultiBank offers the advantage of buying actual cryptocurrencies, while Axi only offers cryptocurrency derivatives. Both brokers provide access to crypto derivatives for those interested in trading without owning the actual asset. In terms of expert ratings, MultiBank earns a higher rating with 4 stars for its range of investments, whereas Axi holds a 3.5-star rating. In rankings, MultiBank is placed 37th out of 62 brokers by ForexBrokers.com for investment range, whereas Axi is ranked 55th, indicating stronger investment options available through MultiBank.
| Feature |
MultiBank
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 175 |
| Forex Pairs (Total) | 40 | 65 |
| 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.
When comparing the trading platforms and tools of MultiBank and Axi, both brokers provide a range of options suitable for various trading preferences. MultiBank stands out by offering a proprietary platform developed in-house, supporting both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and providing a Windows-based desktop platform as well as a web-based trading platform. In contrast, Axi does not have a proprietary platform but supports the widely-used MT4 and offers both Windows and web-based platforms. Both brokers enable virtual demo accounts and have copy trading options, though Axi also offers ZuluTrade for social trading enthusiasts.
Looking at charting capabilities, MultiBank edges ahead with 17 drawing tools compared to Axi’s 15. Both brokers allow trading directly from stock charts and offer watch lists with 7 fields. In terms of overall ratings, MultiBank receives 4 stars for its trading platforms and tools, ranking #39 out of 62 brokers, whereas Axi garners 3.5 stars, placing it at #62. While both brokers deliver solid tools for traders, MultiBank's proprietary platform and MT5 support coupled with more drawing tools provide a slight edge in this comparison.
| Feature |
MultiBank
|
Axi
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| 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 Axi, both brokers provide users with iPhone and Android apps, making them accessible for on-the-go trading. They both support stock and forex price alerts and allow users to draw trendlines on charts. Each app accommodates various time frames, such as daily, weekly, or intraday, which traders appreciate for analyzing different market movements. However, MultiBank has an edge over Axi as it auto-saves drawings on charts, a feature Axi does not offer, providing an enhanced, user-friendly experience.
In terms of technical capabilities, both MultiBank and Axi apps offer 30 technical studies for chart analysis. While neither app syncs watchlist symbols between the mobile app and online account, they do support creating watchlists with real-time quotes. Looking at user feedback, MultiBank slightly surpasses Axi with a rating of 4 stars compared to Axi's 3.5 stars for mobile trading apps. Additionally, MultiBank ranks higher at #41 in the ForexBrokers.com mobile trading apps category among 62 brokers, while Axi stands at #59, suggesting a more favorable reception from traders for MultiBank's mobile platform.
| Feature |
MultiBank
|
Axi
|
|---|---|---|
| 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 comparing MultiBank and Axi for market research capabilities, both platforms offer access to high-quality forex news from renowned sources like Bloomberg and Reuters, as well as having economic calendars that provide information on global news events. However, MultiBank lacks some advanced research tools available through Axi. Notably, Axi provides access to Autochartist's technical or fundamental research tools, which can aid in analyzing market trends. Moreover, Axi offers a sentiment-based trading tool, giving traders insights into the mood and trends of the market, which MultiBank does not.
In terms of overall research quality, MultiBank receives a slightly higher rating of 3.5 stars compared to Axi's 3 stars. According to ForexBrokers.com, MultiBank ranks 49th for research out of 62 brokers, while Axi is positioned at 55th. Both brokers fall short in providing research tools from Trading Central, sentiment-based trading tools, and inputs from TipRanks or Acuity Trading. Thus, while MultiBank slightly outscores Axi in research rankings, Axi offers some specialized tools that may appeal to traders looking for specific analytical aids.
| Feature |
MultiBank
|
Axi
|
|---|---|---|
| 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 | Yes |
| 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 new traders, both MultiBank and Axi provide a solid foundation with over ten pieces of educational material focusing on forex and CFDs. This includes a selection of articles, videos, and archived webinars, which are essential for laying the groundwork for trading knowledge. Both brokers also offer beginner-focused videos aimed at helping newcomers get started in trading. However, neither broker exceeds expectations in providing advanced educational content tailored for more experienced users.
While MultiBank hosts standard educational content, it falls short in offering live webinars or an investor dictionary. In contrast, Axi enriches the learning experience with regular monthly online client webinars but also lacks a searchable archive of these sessions. Axi also provides an investor dictionary with over 50 terms to strengthen user comprehension of key trading concepts. Despite these differences, MultiBank slightly outshines Axi with a higher education rating of 3.5 stars compared to Axi’s 3 stars, although Axi holds a better overall ranking in educational offerings by ForexBrokers.com, coming in at #26 compared to MultiBank’s #50.
| Feature |
MultiBank
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| 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 Axi. MultiBank finished with an overall rank of #40, while Axi finished with an overall rank of #49.
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
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Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 82 |
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When comparing online brokers, MultiBank distinguishes itself by offering both actual (delivered) cryptocurrency and cryptocurrency derivatives, while Axi provides only cryptocurrency derivatives, not the actual cryptocurrency.
In the comparison of online brokers MultiBank and Axi regarding deposit and withdrawal options, MultiBank supports ACH or SEPA transfers, which Axi does not, while both brokers do not offer PayPal services; however, they both allow transactions via Skrill, Visa/Mastercard, and bank wires.
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 | Axi | |
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| Trust Score | 84 | 82 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | Axi | |
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| Regulation | MultiBank | Axi | |
|---|---|---|---|
| Trust Score | 84 | 82 | |
| Year Founded | 2005 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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 | Yes | |
| 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 | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | MultiBank | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 175 | |
| Forex Pairs (Total) | 40 | 65 | |
| 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 | Axi | |
|---|---|---|---|
| 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 | Axi | |
|---|---|---|---|
| Minimum Deposit | $50 | $0 | |
| 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 | Axi | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | MultiBank | Axi | |
|---|---|---|---|
| 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 | Axi | |
|---|---|---|---|
| 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 | No |
| Research | MultiBank | Axi | |
|---|---|---|---|
| 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 | Yes | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| 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 | Axi | |
|---|---|---|---|
| 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 | Axi | |
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| Trust Score | 84 | 82 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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