MultiBank vs Libertex (Forex Club) 2024

MultiBank Group is not publicly traded, does not operate a bank, and is authorised by three Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and three Tier-4 regulators (High Risk). MultiBank Group is authorised by the following Tier-1 regulators: the Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS, and regulated in the European Union via the MiFID passporting system.

Libertex (Forex Club) is not publicly traded and does not operate a bank. Libertex (Forex Club) is authorised by one Tier-1 regulator (Highly Trusted), zero tier-2 regulator (Trusted), zero tier-3 regulators (Average Risk), and zero tier-4 regulators (High Risk). Libertex (Forex Club) is authorised by the following Tier-1 regulators: Regulated in the European Union via the MiFID passporting system.

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.

Forex Club is a long-standing MetaTrader broker offering forex and CFDs, along it's more recently launched Libertex brand catering to the EU market with a proprietary web platform. The biggest issue with Libertex (Forex Club) is the few regulatory licenses it holds, which bring down its Trust Score, compared to the most trusted brokers.

To open a trading account with MultiBank, you'll need to make an initial minimum deposit of $50.

Libertex (Forex Club) requires a minimum deposit of $10 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. MultiBank offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas Libertex (Forex Club) provides Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that MultiBank offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that MultiBank holds 3 global Tier-1 licenses, while Libertex (Forex Club) holds 1. MultiBank holds 1 global Tier-2 licenses, while Libertex (Forex Club) holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that MultiBank (84) earned a higher Trust Score than Libertex (Forex Club) (73).

To compare the trading platforms of both MultiBank and Libertex (Forex Club), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, MultiBank offers a better experience. With research, MultiBank offers superior market research. Finally, we found MultiBank to provide better mobile trading apps.

Here’s what trading platforms are available at MultiBank:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

Here’s what trading platforms are available at Libertex (Forex Club):

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - No
• ZuluTrade - No
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both MultiBank and Libertex (Forex Club) offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. MultiBank and Libertex (Forex Club) both offer copy trading.

Libertex (Forex Club) provides traders 51 currency pairs (e.g., EUR/USD) compared to MultiBank's 40 available pairs. If you are interested in trading a full range of securities, MultiBank offers traders access to 1042 tradeable symbols, while Libertex (Forex Club) offers access to 300 tradeable symbols; so MultiBank offers 742 more tradeable symbols than Libertex (Forex Club).

We found in our testing that MultiBank offers a more diverse selection of investment options than Libertex (Forex Club), allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Physical), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Int'l Stock Trading (Non CFD) and Spread Betting.