Written by ForexBrokers.com
In this head to head comparison of MultiBank vs Forex4you, 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 Forex4you are both online brokers, established in 2005 and 2007 respectively. Neither of them is publicly traded or functions as a bank. In terms of regulatory compliance and trustworthiness, MultiBank holds three Tier-1 licenses, which are considered highly trusted, and one Tier-2 license, placing it in the 'trusted' category with a Trust Score of 84 out of 99 according to ForexBrokers.com. This suggests that MultiBank is a reliable choice for those seeking a broker with strong regulatory backing.
On the other hand, Forex4you does not hold any Tier-1 or Tier-2 licenses, which may raise concerns for potential clients prioritizing regulatory oversight. With a ForexBrokers.com Trust Score of 61 out of 99, Forex4you falls into the 'high risk' category, highlighting the importance for users to carefully consider the level of risk they are comfortable with. Overall, while both brokers have been long-standing players in the market, MultiBank's licensing and trust ratings provide a more reassuring profile compared to Forex4you.
| Feature |
MultiBank
|
Forex4you
|
|---|---|---|
| Year Founded | 2005 | 2007 |
| 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 online brokers MultiBank and Forex4you, there are notable differences. MultiBank offers three account types—Standard, Pro, and ECN—catering to various trading needs. The Standard account is accessible with a minimum deposit of just $50, but it carries higher spreads, making it less appealing unless you're very new to trading. For those with more experience, the Pro account requires a $1,000 deposit and offers lower spreads, while the ECN account stands out with the lowest spreads, requiring a $10,000 deposit and a modest $3 per trade commission. Additionally, MultiBank charges a $60 monthly inactivity fee if your account is inactive for 90 days.
On the other hand, Forex4you's commission and fee structure offers less transparency with unavailable average spread data. This might make it challenging for traders to assess potential costs at a glance, potentially impacting decision-making for prospective clients. Despite these differences, both brokers offer distinct trading experiences catering to various levels of expertise and investment capabilities.
In terms of rating and ranking, MultiBank receives a commendable 4-star rating for their commissions and fees, placing them at #37 out of 62 brokers. Forex4you, meanwhile, has a slightly lower rating of 3.5 stars, ranking them at #53. This comparison highlights MultiBank's edge in terms of cost-effectiveness and overall appeal to traders focused on minimizing fees.
| Feature |
MultiBank
|
Forex4you
|
|---|---|---|
| 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 | 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.
When comparing the investment offerings of MultiBank and Forex4you, both platforms provide options for forex trading through CFDs or spot contracts. MultiBank stands out with a broader selection of 1042 tradeable symbols, whereas Forex4you offers 150 symbols. For those interested in forex pairs specifically, Forex4you provides a slight edge with 43 pairs compared to MultiBank’s 40. Neither broker allows for the purchase of exchange-traded securities like stocks on U.S. or international exchanges. Notably, MultiBank offers the option to buy actual cryptocurrency, in addition to cryptocurrency derivatives, while Forex4you limits you to derivatives only.
Both brokers support copy trading, catering to users who wish to mirror successful trading strategies. However, the wider range of investments available at MultiBank garners it a 4-star rating, placing it at #37 out of 62 brokers in the Range of Investments category according to ForexBrokers.com. In comparison, Forex4you receives a slightly lower rating of 3.5 stars and ranks at #58. This more limited range might influence traders seeking diverse investment options to lean toward MultiBank as their preferred choice.
| Feature |
MultiBank
|
Forex4you
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 150 |
| Forex Pairs (Total) | 40 | 43 |
| 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 MultiBank and Forex4you for their trading platforms and tools, both brokers offer similar features that cater to various trader needs. Each provides free virtual demo accounts, allowing beginners to practice and experienced traders to test strategies without financial risk. Both offer proprietary platforms developed in-house and support popular platforms like MetaTrader 4 and MetaTrader 5, available in desktop download and web-based versions. For those interested in social trading, both brokers support copy trading, though they do not offer DupliTrade or ZuluTrade. Additionally, both allow trading directly from a stock chart, which enhances the trading experience.
While MultiBank and Forex4you both have a 4-star rating for their trading platforms and tools, they differentiate slightly in additional features. MultiBank provides 17 drawing tools compared to Forex4you's 15 for charting, but both offer the same number of columns for watch lists. MultiBank is ranked higher at #39 compared to Forex4you's #52 out of 62 brokers on ForexBrokers.com, suggesting a potential edge in platform and tool preferences or enhancements. Consequently, those assessing these brokers may consider these nuanced differences when deciding which might better suit their trading needs.
| Feature |
MultiBank
|
Forex4you
|
|---|---|---|
| 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 Forex4you, both brokers offer comprehensive solutions for on-the-go traders. Users of both brokers will find iPhone and Android compatibility, making it easy to trade from practically any mobile device. Essential features like stock or forex price alerts and the ability to create watchlists with real-time quotes are available on both platforms. Furthermore, each app allows traders to use up to 30 technical studies for charting, draw trendlines, and view a variety of time frames to suit different trading styles. The auto-saving function for drawings on charts ensures that user annotations are preserved for future reference.
Despite these similarities, there are distinctions in the overall ranking of their mobile trading apps. According to ForexBrokers.com, MultiBank's app is rated slightly higher, taking the 41st spot out of 62 brokers, while Forex4you holds the 50th spot in the same category. Both apps carry a respectable rating of four out of five stars, indicating that traders can expect a reliable experience. However, neither broker currently offers the feature of watchlist symbol syncing, which means any changes made in the mobile app won't automatically reflect in the online account, and vice versa.
| Feature |
MultiBank
|
Forex4you
|
|---|---|---|
| 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.
When comparing MultiBank and Forex4you, traders will notice differences in their market research offerings. Forex4you provides daily market commentary, keeping users updated with recent trends, while MultiBank does not include this feature in its services. Both brokers deliver forex news from renowned sources like Bloomberg and Reuters, ensuring that clients receive credible information. Additionally, Forex4you enhances trading decisions with tools from Autochartist and Trading Central, giving users access to technical and fundamental analysis tools. In contrast, MultiBank does not offer these advanced research tools from these companies.
Both brokers offer an economic calendar, allowing traders to track important global news events. Interestingly, neither MultiBank nor Forex4you provides sentiment-based trading tools or research from companies like TipRanks and Acuity Trading. In terms of ratings, both brokers hold a 3.5-star evaluation for research. However, Forex4you is marginally ahead, ranked 47th by ForexBrokers.com out of 62 brokers in the Research category, while MultiBank is positioned at 49th. This close ranking indicates that while Forex4you may offer slightly more features, both brokers provide comparable research performance.
| Feature |
MultiBank
|
Forex4you
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| 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 Forex4you provide a suite of over 10 educational pieces, including articles and videos focusing on forex and CFDs. However, there are notable differences. MultiBank stands out with a series of beginner-friendly videos aimed at newcomers, while Forex4you does not match this offering. On the other hand, Forex4you provides a searchable archive of client webinars, which MultiBank lacks. Unfortunately, neither broker offers monthly educational webinars or a comprehensive investor dictionary with investing term definitions, which can be a shortcoming for those seeking an expansive learning opportunity.
In terms of educational ratings, both brokers are evenly matched with a rating of 3.5 stars. However, Forex4you ranks higher at 25th place in the ForexBrokers.com Education category, as opposed to MultiBank’s 50th position out of 62 brokers. This ranking might suggest a more favorable reception of Forex4you's educational offerings, despite the absence of certain beginner-focused features. Both platforms demonstrate a commitment to education, yet the choice may depend on whether a user prioritizes comprehensive beginner video content or access to archived webinars.
| Feature |
MultiBank
|
Forex4you
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | No |
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 Forex4you. MultiBank finished with an overall rank of #40, while Forex4you finished with an overall rank of #55.
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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Forex4you
|
|---|---|---|
| Overall Rating |
|
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| Trust Score | 84 | 61 |
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In comparing the online brokers MultiBank and Forex4you, MultiBank provides the option to buy actual delivered cryptocurrency and derivatives, whereas Forex4you only offers the ability to buy cryptocurrency derivatives, lacking the option for purchasing actual cryptocurrency.
Comparing online brokers MultiBank and Forex4you, MultiBank provides ACH and SEPA transfer options while Forex4you does not; both brokers do not support PayPal but do offer Skrill, Visa/Mastercard, and bank wire transfer options for depositing and 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 | Forex4you | |
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| Trust Score | 84 | 61 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | Forex4you | |
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| Regulation | MultiBank | Forex4you | |
|---|---|---|---|
| Trust Score | 84 | 61 | |
| 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 | 0 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | Forex4you | |
|---|---|---|---|
| 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 | Forex4you | |
|---|---|---|---|
| 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 | Forex4you | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 150 | |
| Forex Pairs (Total) | 40 | 43 | |
| 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 | Forex4you | |
|---|---|---|---|
| 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 | Forex4you | |
|---|---|---|---|
| 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 | Forex4you | |
|---|---|---|---|
| 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 | Forex4you | |
|---|---|---|---|
| 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 | Forex4you | |
|---|---|---|---|
| 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 | MultiBank | Forex4you | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | Forex4you | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | MultiBank | Forex4you | |
|---|---|---|---|
| GBP/USD | Yes | No | |
| USD/JPY | Yes | No | |
| EUR/USD | Yes | No | |
| USD/CHF | Yes | No | |
| USD/CAD | Yes | No | |
| NZD/USD | Yes | No | |
| AUD/USD | Yes | No | |
| Review | MultiBank Review |
| Overall | MultiBank | Forex4you | |
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| Trust Score | 84 | 61 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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