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MultiBank vs FXOpen 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of MultiBank vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

MultiBank
4/5 Stars Overall
  • Minimum Deposit: $50
  • Trust Score: 84
  • Tradeable Symbols (Total): 1042
FXOpen
3.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 76
  • Tradeable Symbols (Total): 87

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.

Regulation

Founded in 2005, MultiBank is a non-publicly traded online broker with a strong presence in the forex market. The broker boasts three Tier-1 licenses, indicating a high degree of trust from regulatory authorities, while also holding one Tier-2 license. With a Trust Score of 84 out of 99 from ForexBrokers.com, MultiBank is recognized as a trusted brokerage firm.

FXOpen, established in 2003, is also a non-publicly traded online broker but operates with slightly fewer regulatory endorsements compared to MultiBank. It holds two Tier-1 licenses, contributing to its reliability, although it does not possess any Tier-2 licenses. The broker has a Trust Score of 76, positioning it as carrying an average risk compared to MultiBank.

Feature MultiBank logoMultiBank
FXOpen logoFXOpen
Year Founded info 2005 2003
Publicly Traded (Listed) info
Bank info
Tier-1 Licenses info 3 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 0

Fees

When comparing MultiBank and FXOpen, both brokers have their distinct approaches to commissions and fees, each earning a 4-star rating. With MultiBank, traders have a choice of three account types: Standard, Pro, and ECN. The Standard account, suitable for beginners due to its $50 minimum deposit, carries higher spreads, making it less appealing for those with more experience. The Pro account requires a higher $1,000 deposit but offers lower spreads than the Standard option. The ECN account, ideal for advanced traders, boasts the lowest spreads, requiring a $10,000 deposit and a $3 round-trip commission per trade. However, be mindful of MultiBank's non-trading fee, which charges $60 monthly for inactive accounts over 90 days.

FXOpen, while not providing average spread data, manages to hold its own in the market, also earning a 4-star rating for its commissions and fees. In terms of ranking, MultiBank is placed higher at #38 compared to FXOpen's #44 out of 63 brokers reviewed by ForexBrokers.com. This suggests a slight edge for MultiBank in user preference for commissions and fee structures but doesn’t undermine the value FXOpen brings to traders looking for competitive options.

Feature MultiBank logoMultiBank
FXOpen logoFXOpen
Minimum Deposit info $50 $100
Average Spread EUR/USD - Standard info N/A N/A info
All-in Cost EUR/USD - Active info N/A N/A info
Active Trader or VIP Discounts info Yes
ACH or SEPA Transfers info Yes
PayPal (Deposit/Withdraw) info
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing MultiBank and FXOpen for their range of investments, both platforms provide opportunities for forex trading as CFDs or spot contracts. However, MultiBank stands out with a significant offering of 1,042 tradeable symbols, which is considerably more than FXOpen's 87. Similarly, MultiBank surpasses with 40 available tradeable forex pairs compared to FXOpen's 25. In terms of investment variety, MultiBank also offers copy trading and the option to buy actual cryptocurrency, whereas FXOpen lacks the feature to purchase actual cryptocurrencies but does offer cryptocurrency derivatives. Both platforms provide the ability to trade cryptocurrency derivatives, giving users some variety in digital asset trading.

Despite neither platform offering exchange-traded securities on U.S. or international exchanges, MultiBank is rated slightly higher for its range of investments with four stars compared to FXOpen's three stars. In the ForexBrokers.com rankings for the range of investments category, MultiBank holds the 37th spot out of 63 brokers, while FXOpen is positioned at 62nd. These rankings suggest a more favorable evaluation of MultiBank's investment offerings in contrast to FXOpen, making it a potentially more appealing choice for those seeking a broader range and depth in investment options.

Feature MultiBank logoMultiBank
FXOpen logoFXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1042 87
Forex Pairs (Total) info 40 25
U.S. Stock Trading (Non CFD) info
Int'l Stock Trading (Non CFD) info
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info Yes
Cryptocurrency (Derivative) info Yes Yes
Disclaimers

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

When considering online brokers for trading platforms and tools, MultiBank and FXOpen share several similarities yet have distinct attributes. Both brokers offer simulated trading through free virtual demo accounts, making them attractive to those new to trading. MultiBank and FXOpen provide Windows-based desktop platforms and web-based platforms, ensuring flexibility for traders accessing different devices. They both support popular trading platforms like MetaTrader 4 and MetaTrader 5, which are favored for their comprehensive features. While MultiBank offers a proprietary platform developed in-house, FXOpen does not have this feature. However, FXOpen compensates with an edge in social trading by offering ZuluTrade. Copy trading is supported by both brokers, enabling users to mimic the trades of successful investors.

Charting tools and customization options also present some differences. MultiBank boasts 17 drawing tools for charting, slightly more than FXOpen’s 15, which provides users with enhanced capabilities for technical analysis. Both brokers allow trading directly from stock charts, which can streamline the trading process. Watch lists on each platform can be customized with up to seven columns to suit individual preferences. In terms of ratings, both MultiBank and FXOpen receive 4 out of 5 stars for their trading platforms and tools, yet they rank differently on ForexBrokers.com. MultiBank secures the 39th position, while FXOpen holds the 53rd spot among 63 brokers, highlighting some variance in perceived quality or user experience.

Feature MultiBank logoMultiBank
FXOpen logoFXOpen
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info
ZuluTrade info Yes
Charting - Indicators / Studies (Total) info 38 30
Charting - Drawing Tools (Total) info 17 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When comparing the mobile trading apps of MultiBank and FXOpen, both brokers provide apps for iPhone and Android users. They allow traders to receive stock or forex price alerts, and both support watchlists with real-time quotes. While they both offer 30 technical studies for charting and enable users to draw trendlines and view multiple time frames, MultiBank holds a slight advantage with its ability to auto-save drawings on charts, a feature not mentioned for FXOpen.

Despite this difference, both apps have received similar user ratings, with each earning four stars for their mobile trading experience. However, MultiBank is ranked higher by ForexBrokers.com, securing the 41st spot out of 63 brokers, compared to FXOpen's 54th position. On the whole, while both apps are comparable in many areas, MultiBank edges out slightly in both features and recognition.

Feature MultiBank logoMultiBank
FXOpen logoFXOpen
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing MultiBank and FXOpen for their market research offerings, it is evident that both brokers provide some noteworthy resources. FXOpen offers daily market commentary, giving traders regular updates, which MultiBank does not. Both MultiBank and FXOpen supply forex news from top-tier sources such as Bloomberg and Reuters, ensuring traders access to quality information. Additionally, both brokers offer comprehensive economic calendars that display global news events, which can prove beneficial for traders looking to stay informed about market catalysts.

However, there are areas where these brokers diverge. Neither MultiBank nor FXOpen provide sentiment-based trading tools or market analysis from companies like Autochartist, Trading Central, TipRanks, or Acuity Trading's Signal Centre. In terms of ratings and rankings, MultiBank edges slightly ahead with a research rating of 3.5 stars compared to FXOpen’s 3 stars, and it is ranked #49 out of 63 brokers by ForexBrokers.com, whereas FXOpen is positioned at #63. These distinctions highlight the differences in the depth and scope of their research offerings for traders.

Feature MultiBank logoMultiBank
FXOpen logoFXOpen
Daily Market Commentary info Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info
Trading Central (Recognia) info
Social Sentiment - Currency Pairs info
TipRanks info
Signal Centre (Acuity Trading) info
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing the educational offerings for beginners between MultiBank and FXOpen, MultiBank stands out by providing beginner traders access to a variety of educational resources, including more than 10 articles and videos focused on forex and CFDs. These materials are designed to help newcomers understand trading concepts better. In addition, MultiBank offers over 10 educational videos specifically tailored to beginners, making it easier for them to grasp trading essentials.

In contrast, FXOpen offers fewer beginner-centric educational materials but compensates with an investor dictionary that includes definitions for over 50 investing terms, providing a useful reference for those new to trading. With educational ratings at 3.5 stars for MultiBank and 3 stars for FXOpen, both brokers offer educational resources, but with different strengths. MultiBank is ranked #50 out of 63 brokers by ForexBrokers.com in the Education category, while FXOpen is ranked #58. This suggests that while both brokers have room for improvement, MultiBank has a slightly better standing in terms of educational offerings for beginner traders.

Feature MultiBank logoMultiBank
FXOpen logoFXOpen
Education (Forex or CFDs) info Yes
Client Webinars info
Client Webinars (Archived) info
Videos - Beginner Trading Videos info Yes
Videos - Advanced Trading Videos info
Investor Dictionary (Glossary) info Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that MultiBank is better than FXOpen. MultiBank finished with an overall rank of #40, while FXOpen finished with an overall rank of #54.

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 logoMultiBank
FXOpen logoFXOpen
Overall Rating info 4/5 Stars 3.5/5 Stars
Trust Score info 84 76
Range of Investments 4/5 Stars 3/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with MultiBank or FXOpen?

MultiBank allows the purchase of both actual delivered cryptocurrency and cryptocurrency derivatives, while FXOpen provides the option to trade cryptocurrency derivatives but not actual delivered cryptocurrency.

What funding options does each broker offer?

In comparing online brokers, MultiBank and FXOpen both support Visa/Mastercard, Skrill, and bank wires for depositing and withdrawing funds, while MultiBank uniquely provides ACH/SEPA transfer options and neither offers PayPal services.




announcementPlease 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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Compare

0 of 5
Overall Rating MultiBank FXOpen
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score info 84 76
Winner check_circle
Review MultiBank Review
Broker Screenshots MultiBank FXOpen
Broker Gallery (click to expand) info
Regulation MultiBank FXOpen
Trust Score info 84 76
Year Founded info 2005 2003
Publicly Traded (Listed) info
Bank info
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-1 Licenses info 3 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 0
Tier-1 Licenses (Highly Trusted) MultiBank FXOpen
Australia (ASIC Authorised) info Yes
Canada (CIRO Authorised) info
Hong Kong (SFC Authorised) info
Japan (SFC Authorised) info
Singapore (MAS Authorised) info Yes
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes
USA (CFTC Authorized) info
New Zealand (FMA Authorised) info
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-2 Licenses (Trusted) MultiBank FXOpen
Kenya (CMA Authorised) info
Israel (ISA Authorised) info
South Africa (FSCA Authorised) info
UAE (DFSA/Central Bank Authorised) info Yes
India (SEBI Authorised) info
Jordan (JSC Authorised) info
Investments MultiBank FXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1042 87
Forex Pairs (Total) info 40 25
U.S. Stock Trading (Non CFD) info
Int'l Stock Trading (Non CFD) info
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info Yes
Cryptocurrency (Derivative) info Yes Yes
Disclaimers
Cost MultiBank FXOpen
Average Spread EUR/USD - Standard info N/A N/A info
All-in Cost EUR/USD - Active info N/A N/A info
Active Trader or VIP Discounts info Yes
Inactivity Fee info Yes Yes
Execution: Agency Broker info Yes
Execution: Market Maker info Yes Yes
Funding MultiBank FXOpen
Minimum Deposit info $50 $100
PayPal (Deposit/Withdraw) info
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes
Trading Platforms MultiBank FXOpen
Proprietary Platform info Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info
DupliTrade info
ZuluTrade info Yes
Trading Tools MultiBank FXOpen
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 38 30
Charting - Drawing Tools (Total) info 17 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading MultiBank FXOpen
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes
Mobile Economic Calendar info Yes Yes
Research MultiBank FXOpen
Daily Market Commentary info Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info
Trading Central (Recognia) info
TipRanks info
Social Sentiment - Currency Pairs info
Economic Calendar info Yes Yes
Education MultiBank FXOpen
Education (Forex or CFDs) info Yes
Client Webinars info
Client Webinars (Archived) info
Videos - Beginner Trading Videos info Yes
Videos - Advanced Trading Videos info
Investor Dictionary (Glossary) info Yes
Major Forex Pairs MultiBank FXOpen
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review MultiBank Review
Overall MultiBank FXOpen
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score info 84 76
Winner check_circle
Review MultiBank Review
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