Written by ForexBrokers.com
In this head to head comparison of BDSwiss vs MultiBank, 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.
BDSwiss and MultiBank are two well-known online brokers established in 2012 and 2005, respectively. Neither company is publicly traded or operates as a bank. In terms of regulatory oversight and trustworthiness, BDSwiss holds one Tier-1 license, indicative of a high level of trust. However, it does not possess any Tier-2 licenses. According to ForexBrokers.com, BDSwiss has a Trust Score rating of 73, which places it in the average risk category.
On the other hand, MultiBank demonstrates a higher level of trust through its regulatory credentials. It holds three Tier-1 licenses coupled with one Tier-2 license, reflecting its broader regulatory coverage. With a Trust Score of 84, MultiBank is regarded as a trusted broker by ForexBrokers.com. Users seeking a more regulated trading environment may lean towards MultiBank, given its higher trust rating and extensive regulatory licenses.
| Feature |
BDSwiss
|
MultiBank
|
|---|---|---|
| Year Founded | 2012 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
BDSwiss and MultiBank are two online brokers with unique offerings in terms of commissions and fees, both earning a 4-star rating. BDSwiss is ranked #29 out of 62 brokers by ForexBrokers.com. It offers different account types, each with varying spreads. The Classic account charges a higher spread of 1.5 pips on EUR/USD, which is considered costly compared to industry leaders. The Raw account provides a tighter spread starting at 0.3 pips, but adds a $5 commission per side, resulting in an effective spread of 1.3 pips. BDSwiss also offers a VIP account with a spread of 1.2 pips, providing a competitive option for traders seeking narrow spreads.
MultiBank, ranked #37, offers Standard, Pro, and ECN account types. The Standard account demands only a $50 minimum deposit but comes with relatively higher spreads, making it less ideal unless you're just starting out. The Pro account, requiring a $1,000 deposit, offers more competitive spreads. For the narrowest spreads, MultiBank's ECN account is the standout option, necessitating a $10,000 minimum deposit and a modest $3 commission per trade. It's worth noting that MultiBank charges a $60 monthly inactivity fee if your account remains dormant for 90 days.
Both brokers have their strengths in different areas. While BDSwiss offers reasonably competitive spreads with various account types, MultiBank provides options that are more accessible in terms of initial deposit requirements. However, traders should consider account inactivity fees when weighing their options, especially with MultiBank's charges for dormant accounts.
| Feature |
BDSwiss
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $10-$5000 | $50 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 1.3 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| 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.
BDSwiss and MultiBank both offer a wide range of investment options, particularly excelling in forex trading with both providing access via CFD or spot contracts. BDSwiss edges ahead with a total of 1,081 tradeable symbols compared to MultiBank's 1,042. It also offers slightly more forex pairs, 53 against MultiBank's 40. However, neither platform facilitates direct trading of exchange-traded securities on U.S. or international exchanges, and both provide options for copy trading.
When looking at cryptocurrency offerings, both brokers allow for the trading of cryptocurrency derivatives, but only MultiBank offers the option to buy actual crypto assets. This variety in trading options gets both platforms a 4-star rating for their range of investments. In terms of industry ranking, BDSwiss stands at #34, slightly ahead of MultiBank's #37 out of 62 brokers evaluated by ForexBrokers.com. Each broker presents its own unique strengths, allowing traders to choose based on specific needs and preferences.
| Feature |
BDSwiss
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 1042 |
| Forex Pairs (Total) | 53 | 40 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | Yes |
| 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 offered by BDSwiss and MultiBank, both brokers provide a wide range of features to cater to their users. Both platforms offer free virtual demo accounts, helping traders practice their strategies without risk. Each broker has developed its own proprietary platform, while also supporting popular third-party software like MetaTrader 4 and MetaTrader 5. For ease of access, they both offer downloadable Windows-based desktop platforms as well as web-based platforms accessible from any browser. Those interested in social trading can take advantage of copy trading services available through both providers, although neither supports DupliTrade or ZuluTrade.
In terms of charting tools, BDSwiss provides 15 drawing tools compared to MultiBank's 17, yet both allow seamless trading directly from stock charts. They both offer equally robust watch lists with seven customizable columns for fields. Despite these similarities, BDSwiss ranks higher in ForexBrokers.com's list, placed at #24 out of 62 brokers for Trading Platforms and Tools, whereas MultiBank lands at #39. Nonetheless, both brokers earn a solid four-star rating, reflecting a commendable level of user satisfaction with their trading platforms and tools.
| Feature |
BDSwiss
|
MultiBank
|
|---|---|---|
| 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) | 30 | 38 |
| Charting - Drawing Tools (Total) | 15 | 17 |
| 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 BDSwiss and MultiBank, both platforms offer dedicated apps for iPhone and Android users, ensuring flexibility for traders on the go. Each app allows traders to receive stock and forex price alerts and provides the ability to draw trendlines on their charts. Multiple time frames, ranging from daily to intraday, can be viewed to suit diverse trading strategies. Additionally, both apps auto-save chart drawings for convenience and offer the ability to create watchlists with real-time quotes, though neither supports syncing watchlists with online accounts.
In terms of charting capabilities, BDSwiss and MultiBank both include 30 technical studies in their mobile apps, providing ample tools for technical analysis. Despite their similarities, rankings from ForexBrokers.com differ, with BDSwiss securing the 23rd spot out of 62 brokers, while MultiBank trails slightly at 41st. Both apps receive an overall rating of 4 out of 5 stars for their mobile trading functionality, reflecting a generally positive user experience with room for improvement.
| Feature |
BDSwiss
|
MultiBank
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
BDSwiss and MultiBank are two well-known online brokers, but they differ significantly in their approach to market research. BDSwiss shines with its provision of daily market commentary, aiding traders in staying updated with its insights. In addition, BDSwiss incorporates advanced technical and fundamental research tools from firms like Autochartist and Trading Central, providing traders with the resources needed for informed trading decisions. Although BDSwiss lacks forex news from top-tier sources such as Bloomberg or Reuters, it compensates with an economic calendar that highlights key global events. As a result, BDSwiss secures a solid research rating of 4 stars and a commendable ranking of 23rd out of 62 brokers on ForexBrokers.com.
On the other hand, MultiBank prioritizes providing forex news updates sourced from industry giants like Bloomberg and Reuters, ensuring traders are well-informed about the latest market developments. However, MultiBank falls short in offering the specialized research tools available with BDSwiss, such as those from Autochartist and Trading Central. Like BDSwiss, MultiBank does offer an economic calendar. Overall, MultiBank is rated 3.5 stars for research and is positioned 49th in the ForexBrokers.com research rankings. Consequently, traders might lean towards BDSwiss for a more comprehensive set of research tools, while those prioritizing real-time news might find MultiBank appealing.
| Feature |
BDSwiss
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | 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 comparing the educational offerings for beginners between BDSwiss and MultiBank, BDSwiss leads with several more comprehensive resources. Both platforms provide over 10 pieces of educational content, including articles and videos about forex and CFDs, catering to new traders. However, BDSwiss stands out by offering monthly online educational webinars, with an organized archive of past sessions that beginners can easily access at any time. Additionally, BDSwiss provides advanced educational videos, furnishing more in-depth knowledge for those looking to develop their trading skills further, a feature MultiBank lacks.
In terms of user-friendliness, BDSwiss offers an investor dictionary with over 50 trading term definitions, helping beginners easily navigate complex financial jargon. The overall educational experience is rated higher for BDSwiss, earning 4 out of 5 stars, compared to MultiBank's 3.5 stars. ForexBrokers.com ranks BDSwiss at #19 out of 62 for education, which reflects its commitment to educating its users, notably ahead of MultiBank, which ranks #50. For newcomers seeking a supportive learning environment, BDSwiss appears to be the more favorable choice.
| Feature |
BDSwiss
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that BDSwiss is better than MultiBank. BDSwiss finished with an overall rank of #36, while MultiBank finished with an overall rank of #40.
The BDSwiss brand caters to over 1.6 million registered forex and CFD traders, and offers the full MetaTrader platform suite alongside its own proprietary mobile app. BDSwiss demonstrates good order execution statistics and provides access to over 1,000 tradable symbols – though its spreads are higher than industry leaders.
| Feature |
BDSwiss
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MultiBank
|
|---|---|---|
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| Trust Score | 73 | 84 |
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BDSwiss does not offer the ability to buy actual (delivered) cryptocurrency but provides options for trading cryptocurrency derivatives, whereas MultiBank allows the purchase of actual cryptocurrencies in addition to offering cryptocurrency derivatives.
Both BDSwiss and MultiBank offer ACH or SEPA transfers, Skrill, Visa or Mastercard, and bank wires for depositing or withdrawing account funds, but neither provides PayPal as a payment method 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 | BDSwiss | MultiBank | |
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| Trust Score | 73 | 84 | |
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| Review | BDSwiss Review | MultiBank Review |
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| Regulation | BDSwiss | MultiBank | |
|---|---|---|---|
| Trust Score | 73 | 84 | |
| Year Founded | 2012 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | BDSwiss | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | Yes | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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) | BDSwiss | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | BDSwiss | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 1042 | |
| Forex Pairs (Total) | 53 | 40 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | Yes | |
| 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 | BDSwiss | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 1.3 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | BDSwiss | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $10-$5000 | $50 | |
| 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 | Yes |
| Trading Platforms | BDSwiss | MultiBank | |
|---|---|---|---|
| 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 | BDSwiss | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 38 | |
| Charting - Drawing Tools (Total) | 15 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BDSwiss | MultiBank | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BDSwiss | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | BDSwiss | MultiBank | |
|---|---|---|---|
| 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 | BDSwiss Review | MultiBank Review |
| Overall | BDSwiss | MultiBank | |
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| Trust Score | 73 | 84 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | MultiBank Review |
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