Written by ForexBrokers.com
In this head to head comparison of MultiBank vs FXGT.com, 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, established in 2005, and FXGT.com, founded in 2019, are both online brokers offering trading services without being listed as publicly traded companies or functioning as traditional banks. With trust playing a vital role in choosing a broker, MultiBank and FXGT.com differ in their regulatory credentials, as recognized by ForexBrokers.com. MultiBank boasts a Trust Score of 84, categorizing it in the 'trusted' range thanks to its three Tier-1 licenses and one Tier-2 license. In contrast, FXGT.com holds a Trust Score of 69, falling under 'high risk,' with regulatory backing of one Tier-1 and one Tier-2 license.
Both brokers provide trading platforms under secure and regulated environments; however, the distinction in their Trust Scores and regulatory backing highlights different levels of oversight. MultiBank's solid regulatory framework offers traders a more reliable environment according to industry ratings, while FXGT.com provides a suitable, albeit riskier, option for those more inclined toward exploring newer market entrants. Understanding these differences helps traders make informed decisions based on trust ratings and regulatory assurances.
| Feature |
MultiBank
|
FXGT.com
|
|---|---|---|
| Year Founded | 2005 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
When comparing the commissions and fees of MultiBank and FXGT.com, you'll find distinct differences that might influence your choice depending on your trading needs. MultiBank offers three types of accounts: Standard, Pro, and ECN. The Standard account is accessible with a minimum deposit of $50 but comes with relatively higher spreads, making it less attractive for seasoned traders. The Pro account, with a $1,000 minimum deposit, offers lower spreads than the Standard. For the lowest spreads and a professional trading experience, the ECN account is available, requiring a $10,000 minimum deposit and a round-trip commission of $3 per trade. MultiBank does have an inactivity fee of $60 that kicks in if your account remains idle for 90 days.
FXGT.com, on the other hand, does not provide average spread data, which can make it more challenging to assess its value for cost-conscious traders. However, some traders might value FXGT.com for its other features or competitive offerings. It's crucial to note that both brokers have been evaluated and ranked by ForexBrokers.com, with MultiBank earning 4 out of 5 stars for commissions and fees, while FXGT.com received 3.5 stars. This ranking places MultiBank at #37 out of 62 brokers in the Commissions and Fees category, while FXGT.com comes in at #55.
Ultimately, your choice between MultiBank and FXGT.com will depend on your specific trading priorities, such as account accessibility, the value placed on spread transparency, and additional fees like inactivity charges. Whether you're a novice looking for a starting point or an experienced trader seeking lower spreads and commissions, it's important to weigh these factors before making a decision.
| Feature |
MultiBank
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $50 | $5 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
MultiBank and FXGT.com both provide forex trading options, offering CFDs on a range of currency pairs. MultiBank currently provides access to 1042 tradeable symbols, whereas FXGT.com offers a smaller lineup with 117 symbols. In terms of forex pairs specifically, FXGT.com leads slightly with 53 pairs against MultiBank's 40. However, neither broker offers exchange traded securities on U.S. or international markets, meaning clients cannot directly purchase shares like Apple or Vodafone on these platforms.
MultiBank distinguishes itself by allowing clients to buy actual (delivered) cryptocurrency, alongside offering derivatives, whereas FXGT.com limits users to cryptocurrency derivatives alone. Both platforms support copy trading, appealing to those who prefer automated strategies. In terms of ratings, MultiBank scores 4 out of 5 stars for its range of investments, ranking #37 among 62 brokers, while FXGT.com is rated with 3 stars, placing it at #60. This suggests a broader investment portfolio availability with MultiBank compared to FXGT.com.
| Feature |
MultiBank
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 117 |
| Forex Pairs (Total) | 40 | 53 |
| 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 FXGT.com, both brokers offer traders some solid features. MultiBank provides a proprietary trading platform developed in-house, while FXGT.com does not offer such a unique platform. Both brokers share similarities by offering MetaTrader 4 and MetaTrader 5 for trading, as well as web-based browser platforms and Windows-based desktop downloads. Additionally, both MultiBank and FXGT.com give traders the option for paper trading through free virtual demo accounts and offer copy trading capabilities. While neither broker supports DupliTrade or ZuluTrade, you can trade directly from stock charts with both.
In terms of charting tools, MultiBank offers 17 drawing tools whereas FXGT.com slightly edges it with 23. If you rely heavily on watch lists, MultiBank provides more detailed options with seven columns compared to FXGT.com's five. According to ForexBrokers.com, both platforms receive four out of five stars for their trading platforms and tools, but MultiBank ranks higher at #39 out of 62 brokers, compared to FXGT.com’s ranking at #56. This gives MultiBank a slight edge in terms of trading platform rankings and features.
| Feature |
MultiBank
|
FXGT.com
|
|---|---|---|
| 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 | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 38 | 37 |
| Charting - Drawing Tools (Total) | 17 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both MultiBank and FXGT.com offer solid options for iPhone and Android users. Each platform delivers essential features like stock and forex price alerts, the ability to draw trendlines, and multiple time frame views on charts. They both provide around 30 technical studies within their mobile apps, allowing traders to analyze market patterns effectively. However, a notable difference between the two is that FXGT.com supports watchlist symbol syncing, which means changes made on the mobile app will automatically update on the online account, unlike MultiBank, which lacks this feature.
Regarding user ratings and industry rankings, MultiBank holds a slight edge with a four-star rating for its mobile trading app, compared to FXGT.com's 3.5-star rating. Furthermore, in the ForexBrokers.com rankings of mobile trading apps among 62 brokers, MultiBank stands at #41, whereas FXGT.com falls behind at #58. While both platforms offer reliable mobile trading experiences, users looking for seamless integration across devices may prefer FXGT.com, whereas those prioritizing a slightly higher rated app might lean towards MultiBank.
| Feature |
MultiBank
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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 FXGT.com for their market research offerings, several differences emerge. MultiBank provides forex news sourced from reputable platforms like Bloomberg and Reuters, enhancing their informational offering, whereas FXGT.com lacks this feature. Neither broker offers daily market commentary or technical analysis tools from Autochartist or Trading Central, which may limit traders seeking comprehensive analytical backing. However, FXGT.com distinguishes itself with a sentiment-based trading tool, offering insights into the ratio of long and short positions across various currency pairs or instruments.
Both brokers offer an economic calendar for tracking global news events, but their research ratings tell different stories. MultiBank scores 3.5 out of 5 stars, placing it in the 49th position out of 62 brokers in the research category according to ForexBrokers.com. On the other hand, FXGT.com holds a slightly lower rating of 3 stars, positioning it at 56 in the same ranking. These ratings highlight nuances in their offerings and may influence a trader's decision depending on individual requirements for market research tools.
| Feature |
MultiBank
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| 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 offered by MultiBank and FXGT.com for beginner traders, MultiBank emerges as a more comprehensive option. MultiBank provides a variety of educational materials, including a minimum of ten resources focused on forex or CFD education. They also offer at least ten beginner-friendly trading videos, helping novices gain a better grasp of the trading world. However, while they offer solid foundational resources, they do not provide advanced video materials or online webinars, and they have no searchable archive for webinars, which might limit deeper learning opportunities.
FXGT.com, on the other hand, offers fewer resources dedicated to beginners, lacking ten basic educational pieces and beginner videos on forex and CFD trading. They, however, feature an investor dictionary with definitions for over fifty investing terms, which can be a helpful quick-reference tool for anyone new to trading jargon. Like MultiBank, FXGT.com does not hold monthly webinars or host an archive of recorded sessions. Despite their lower ranking and education rating, some beginners might still find FXGT.com's resources helpful depending on their learning preferences.
| Feature |
MultiBank
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 FXGT.com. MultiBank finished with an overall rank of #40, while FXGT.com finished with an overall rank of #58.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 69 |
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MultiBank allows users to purchase actual cryptocurrency (delivered) and also offers cryptocurrency derivatives, whereas FXGT.com provides the option to trade cryptocurrency derivatives but does not support the purchase of actual cryptocurrency (delivered).
Both MultiBank and FXGT.com offer ACH or SEPA transfers, Visa or Mastercard, and bank wires for depositing or withdrawing account funds, but only MultiBank provides the additional option of using Skrill, whereas neither supports PayPal.
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 | FXGT.com | |
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| Trust Score | 84 | 69 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | FXGT.com | |
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| Regulation | MultiBank | FXGT.com | |
|---|---|---|---|
| Trust Score | 84 | 69 | |
| Year Founded | 2005 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | FXGT.com | |
|---|---|---|---|
| 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 | Yes |
| Tier-2 Licenses (Trusted) | MultiBank | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | MultiBank | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 117 | |
| Forex Pairs (Total) | 40 | 53 | |
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $50 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | MultiBank | FXGT.com | |
|---|---|---|---|
| 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 | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | MultiBank | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 38 | 37 | |
| Charting - Drawing Tools (Total) | 17 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | MultiBank | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | MultiBank | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
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| Trust Score | 84 | 69 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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