Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
When comparing FxPro and MultiBank, both online brokers bring years of experience to the table, with FxPro established in 2006, a year after MultiBank's inception in 2005. Neither broker is publicly traded or operates as a bank. However, in terms of regulatory recognition, FxPro holds two Tier-1 licenses, which are highly trusted, alongside one Tier-2 license considered trusted. MultiBank, on the other hand, surpasses FxPro slightly in Tier-1 licensing, holding three such licenses, in addition to one Tier-2 license.
Delving into their trustworthiness, as rated by ForexBrokers.com, FxPro achieves a high Trust Score of 90 out of 99, indicating it is considered highly trusted. In comparison, MultiBank scores 84, earning a rating of trusted. This reflects both brokers' strong reputations, but also highlights a slight edge for FxPro in terms of trust among these two well-regulated entities. Whether one chooses FxPro or MultiBank, both offer promising online trading opportunities backed by solid regulatory credentials.
| Feature |
FxPro
|
MultiBank
|
|---|---|---|
| Year Founded | 2006 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
FxPro and MultiBank present different offerings when it comes to commissions and fees for online trading. FxPro's pricing is on the higher side compared to industry standards. Its variable-spread accounts provide two types of execution: instant execution with no slippage and market execution which might slip. Traders on FxPro's cTrader platform enjoy the most competitive spreads, with an effective rate of about 1.27 pips for the EUR/USD pair. However, fixed spreads are not available on the MT5 platform, and the Elite account offers discounts up to 30% for active traders, though this still lags behind competitors like FOREX.com.
In contrast, MultiBank offers three account types—Standard, Pro, and ECN—each with different spreads and commission structures. The Standard account, which requires only a $50 deposit, has higher spreads but may not be well-suited for more experienced traders. The Pro and ECN accounts offer progressively lower spreads, with the ECN account featuring minimal spreads at the cost of a $10,000 deposit and a $3 round-trip commission per trade. MultiBank also charges a $60 fee after 90 days of inactivity, which could be a consideration for less active investors.
Both brokers have been rated 4 out of 5 stars for commissions and fees. Nevertheless, their rankings differ according to ForexBrokers.com, with FxPro positioned at #32 and MultiBank at #37 out of 62 brokers. These reviews reflect their respective pricing models and features, enabling traders to select a platform that best fits their financial strategies and levels of activity.
| Feature |
FxPro
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | 1.51 | N/A |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | 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 FxPro and MultiBank's range of investments, both brokers offer forex trading through CFDs or spot contracts, ensuring flexibility for traders. FxPro shines with 2,249 tradeable symbols, significantly surpassing MultiBank's 1,042 options. In the realm of forex pairs, FxPro also takes the lead, offering 70 pairs compared to MultiBank's 40. Although neither broker provides access to U.S. exchange-traded securities, FxPro distinguishes itself by offering them on international exchanges, like the London Stock Exchange, a feature MultiBank lacks.
Both brokers support copy trading, lending an opportunity for users to mimic successful trades. In the cryptocurrency realm, MultiBank permits buying actual cryptocurrencies, unlike FxPro, which only offers derivatives. Despite these differences, both platforms earn a four-star rating for their range of investments, though they are ranked differently by ForexBrokers.com, with FxPro at #28 and MultiBank at #37 out of 62 brokers. These rankings reflect the slight edge FxPro holds in terms of diversified investment options and global market engagement.
| Feature |
FxPro
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 1042 |
| Forex Pairs (Total) | 70 | 40 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
FxPro and MultiBank offer quite similar trading platforms and tools with both brokers providing virtual demo accounts, making it easy for beginners to practice their trading strategies without risking real money. Each broker has developed their own proprietary platform and also supports popular platforms like MetaTrader 4 and MetaTrader 5. Additionally, they both offer copy trading features and provide Windows-based desktop and web-based platforms, ensuring flexibility and accessibility for users across different devices.
When comparing charting tools, FxPro provides more drawing tools with 25, compared to MultiBank's 17. Both brokers allow traders to execute trades directly from stock charts. In terms of watch lists, MultiBank edges slightly ahead with seven columns available compared to FxPro's six. Rated four stars for their trading platforms and tools, FxPro is ranked 19th by ForexBrokers.com, while MultiBank is positioned at 39th out of 62 brokers, indicating a higher standing for FxPro in the trading community.
| Feature |
FxPro
|
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) | 53 | 38 |
| Charting - Drawing Tools (Total) | 25 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FxPro and MultiBank offer mobile trading apps for iPhone and Android, providing traders with the convenience of trading on the go. They both provide stock or forex price alerts and feature the ability to draw trendlines on charts, allowing traders to keep up with market trends efficiently. However, FxPro stands out when it comes to technical analysis, offering 65 technical studies within its app compared to MultiBank's 30. Both platforms permit viewing multiple time frames and offer real-time quote watchlists, ensuring that traders have access to up-to-date market data.
While both apps are highly functional, FxPro takes a slight lead in user experience with features like watchlist symbol syncing, meaning changes made in the app reflect online. This is something MultiBank's app lacks. Moreover, FxPro's mobile app has received a higher user rating of 4.5 stars compared to MultiBank's 4 stars. It's also ranked #15 by ForexBrokers.com, whereas MultiBank comes in at #41 out of 62 brokers in the Mobile Trading Apps category. This suggests that while both apps are reliable, FxPro provides a more comprehensive mobile trading experience.
| Feature |
FxPro
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 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 FxPro and MultiBank for market research, FxPro stands out by offering daily market commentary and news from top-tier sources like Bloomberg and Reuters. While both brokers provide forex news from leading outlets, FxPro enhances its offerings with trading tools from Trading Central, enabling a more comprehensive analysis of market trends. Additionally, FxPro includes a sentiment-based trading tool, which helps traders evaluate the market mood by displaying the ratio of long and short positions across various instruments. On the other hand, MultiBank does not provide such sentiment tools, giving FxPro an edge in market insight capabilities.
Both FxPro and MultiBank offer an economic calendar to keep traders informed about global economic events, but differences in their research offerings lead to varied reviews. FxPro receives a higher research rating of four stars, compared to MultiBank's 3.5 stars. This distinction is reflected in their rankings on ForexBrokers.com, where FxPro is placed at 27th out of 62 brokers, significantly ahead of MultiBank, which is ranked 49th. These differences highlight the depth of market insights provided by FxPro, making it more appealing to traders seeking an extensive suite of research tools.
| Feature |
FxPro
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | 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 resources for beginners between FxPro and MultiBank, both online brokers offer a variety of materials focused on forex and CFDs, including over 10 educational pieces such as articles, videos, and archived webinars. However, while both brokers have plenty of beginner-friendly videos, FxPro stands out with a searchable archive of past webinars, providing an added layer of learning flexibility for new traders. Additionally, FxPro boasts a comprehensive investor dictionary with over 50 investing terms, which can be a helpful tool for understanding the jargon associated with trading.
Neither FxPro nor MultiBank offers regular live educational webinars. Despite this, FxPro earns a higher rating regarding educational offerings, receiving four stars compared to MultiBank's 3.5 stars. They also hold a more favorable position in broker rankings for education, with FxPro listed at #17 and MultiBank at #50 out of 62 brokers reviewed by ForexBrokers.com. For those beginning their trading journey, FxPro might offer a more enriched educational experience, largely due to their comprehensive range of resources and better overall ratings.
| Feature |
FxPro
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 FxPro is better than MultiBank. FxPro finished with an overall rank of #21, while MultiBank finished with an overall rank of #40.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
|
MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 90 | 84 |
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While both FxPro and MultiBank allow investors to trade cryptocurrency derivatives, only MultiBank offers the option to purchase actual delivered cryptocurrency, unlike FxPro which does not provide this feature.
FxPro and MultiBank both support ACH/SEPA transfers, Skrill, Visa/Mastercard, and bank wires for depositing and withdrawing funds, but only FxPro offers PayPal as an additional 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 | FxPro | MultiBank | |
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| Trust Score | 90 | 84 | |
| Winner | check_circle | ||
| Review | FxPro Review | MultiBank Review |
| Broker Screenshots | FxPro | MultiBank | |
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| Regulation | FxPro | MultiBank | |
|---|---|---|---|
| Trust Score | 90 | 84 | |
| Year Founded | 2006 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | FxPro | 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) | FxPro | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FxPro | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 1042 | |
| Forex Pairs (Total) | 70 | 40 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | N/A | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | FxPro | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 38 | |
| Charting - Drawing Tools (Total) | 25 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | MultiBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 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 | FxPro | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FxPro | 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 | FxPro Review | MultiBank Review |
| Overall | FxPro | MultiBank | |
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| Trust Score | 90 | 84 | |
| Winner | check_circle | ||
| Review | FxPro Review | MultiBank Review |
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