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 comparing the commission and fee structures of online brokers MultiBank and Axi, both platforms provide distinct benefits tailored to different types of traders. MultiBank offers three account types—Standard, Pro, and ECN—each with its own set of deposit requirements and trading conditions. The Standard account is accessible with just a $50 minimum deposit but comes with higher spreads, making it less ideal for anyone beyond beginners. The Pro account, requiring a $1,000 deposit, offers more competitive spreads, while the ECN account features the lowest spreads for a $10,000 deposit with a modest round-trip commission of $3 per trade. It’s important to note that MultiBank charges an inactivity fee of $60 monthly if your account is inactive for 90 days.
On the other hand, Axi doesn’t provide data on average spreads, making it more challenging to gauge its cost-effectiveness directly. This lack of transparency may be a consideration for traders who prioritize knowing exact costs before committing. Despite this, both brokers receive a commendable rating of 4 stars out of 5 for their commissions and fees, reflecting reasonable value for traders across their services.
In terms of industry ranking, MultiBank is positioned at #38 among 62 brokers in the Commissions and Fees category according to ForexBrokers.com, suggesting a slightly better offering than Axi, which is ranked at #44. Whether you choose MultiBank or Axi will depend significantly on your trading volume and budget, as each broker has its unique approach complemented by potential strengths and weaknesses.
| 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 it comes to investment options, MultiBank and Axi both offer forex trading as a CFD or spot contract, giving traders access to currency markets. MultiBank provides a broader selection of tradeable symbols, boasting 1,042 compared to Axi's 175. However, Axi excels in the variety of forex pairs, offering 65, which is more than MultiBank's 40 pairs. Neither broker provides access to exchange-traded securities on U.S. or international exchanges, meaning direct investments in stocks like Apple or Vodafone are not possible. Both brokers do support copy trading, enabling users to replicate the trades of successful investors.
For cryptocurrency enthusiasts, MultiBank stands out by allowing the purchase of actual cryptocurrencies, whereas Axi only offers cryptocurrency derivatives. This variation in crypto offerings might appeal to those wanting to own digital coins directly. According to ForexBrokers.com, MultiBank receives a solid 4-star rating for its range of investments and ranks 37th out of 62 brokers, while Axi earns a 3.5-star rating and ranks 56th. This indicates a slight edge for MultiBank in terms of diversity and user satisfaction in investment options.
| 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 comparing the educational resources provided by MultiBank and Axi for beginners, both brokers offer a solid starting point. MultiBank and Axi each provide more than ten educational pieces focused on forex and CFDs, including articles, videos, and archived webinars. This abundance of materials is accessible to beginners eager to get a grasp on trading fundamentals. Additionally, both brokers offer beginner-focused educational videos, making it easier for new traders to familiarize themselves with basic trading concepts in an engaging manner.
However, there are some differences in their offerings. Axi stands out by hosting monthly educational webinars, although both brokers fall short in providing an archive of these events for future reference. Axi also offers an investor dictionary with definitions of numerous investing terms, a useful resource for those who are just getting started. Despite these features, MultiBank holds a slightly higher education rating than Axi. According to ForexBrokers.com, MultiBank ranks #50 compared to Axi's #27 out of 62 brokers, reflecting variations in their approached educational strategies.
| 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
|
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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