Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
Swissquote and MultiBank are two online brokers that differ significantly in terms of trust and regulation. Founded in 1996, Swissquote stands out as a publicly traded bank with a long history and a top-tier reputation. It holds five Tier-1 licenses, which indicate the highest level of regulatory trust, and two Tier-2 licenses. This extensive regulatory backing contributes to its perfect Trust Score of 99 on ForexBrokers.com, categorizing it as highly trusted.
In contrast, MultiBank, established in 2005, is not publicly listed and does not operate as a bank. It holds three Tier-1 licenses and one Tier-2 license, reflecting a respectable level of regulatory oversight, but with a Trust Score of 84, it is rated as trusted rather than highly trusted. This highlights some differences in transparency and regulatory standards between the two brokers, with Swissquote generally considered the safer choice due to its comprehensive regulatory framework.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| Year Founded | 1996 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 3 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
For traders evaluating Swissquote and MultiBank based on commissions and fees, there are noticeable differences to consider. Swissquote, a Swiss banking powerhouse, is known for its assurance of dealing with a Swiss institution. However, this comes with slightly higher costs. Swissquote’s U.K. entity offers the most competitive rates, with the Elite account providing lower spreads and a $5 charge per round-trip trade for active traders. Meanwhile, Swissquote in Luxembourg and Switzerland has varying account options with spreads starting from 0.8 pips to as high as 1.7 pips, depending on the account type and location model.
On the other hand, MultiBank provides a more straightforward structure with three primary account types: Standard, Pro, and ECN. Although the Standard account requires only a $50 deposit, it comes with higher spreads that might discourage seasoned traders. The Pro account reduces spreads for a $1,000 deposit, whereas the ECN account offers the most competitive spreads with a $10,000 deposit and a $3 round-trip commission. Traders should also be mindful of MultiBank's $60 monthly inactivity fee if their account isn't active for over 90 days.
In terms of ratings and rankings for commissions and fees, Swissquote has been awarded 3.5 stars, standing at 52nd place out of 62 brokers, according to ForexBrokers.com. Conversely, MultiBank receives a better rating of 4 stars and ranks 37th. This comparison indicates that while Swissquote brings a prestigious name, MultiBank may offer more cost-effective options for budget-conscious traders.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $1000 | $50 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | 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.
Swissquote and MultiBank both provide opportunities for trading in the forex market, offering forex as either CFDs or spot contracts. When it comes to tradeable symbols, MultiBank takes the lead with 1,042 options compared to Swissquote's 472. However, Swissquote offers access to a greater variety of forex pairs with 80 available options, whereas MultiBank provides 40. When investing in U.S. and international exchange-traded securities, Swissquote gives clients the ability to buy actual shares in companies like Apple and Vodafone, a feature that MultiBank does not offer.
Both brokers support copy trading and the purchase of actual cryptocurrencies in addition to crypto derivatives. Swissquote shines with a perfect 5-star rating for its range of investments and ranks as the #2 broker in this category according to ForexBrokers.com. On the other hand, MultiBank receives a 4-star rating and ranks #37 among 62 brokers, indicating that Swissquote may offer a broader and more attractive selection of investment options.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 1042 |
| Forex Pairs (Total) | 80 | 40 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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.
When evaluating online trading platforms, both Swissquote and MultiBank come equipped with a multitude of features that cater to diverse trading needs. Swissquote provides a free virtual demo account for traders looking to simulate trades, much like MultiBank's similar offering. Both brokers have proprietary trading platforms and support the popular MetaTrader 4 and MetaTrader 5 platforms. Their platforms are accessible through Windows desktop downloads and web-based interfaces, making it convenient for traders to access their accounts anywhere. Additionally, both brokers offer copy trading, allowing users to mimic successful trading strategies from experienced traders.
Despite these similarities, certain distinctions between Swissquote and MultiBank are worth noting. Swissquote offers a more extensive selection of drawing tools for charting, with 75 available options compared to MultiBank's 17. Moreover, Swissquote gives traders more customization possibilities with 11 columns for watch lists, surpassing MultiBank's 7. These differences reflect in their respective ratings and rankings, with Swissquote securing a 4.5-star rating and a #12 rank, whereas MultiBank earns a 4-star rating and is positioned at #39 out of 62 brokers evaluated by ForexBrokers.com. Traders seeking advanced customization and variety may find Swissquote's offerings more appealing.
| Feature |
Swissquote
|
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) | 86 | 38 |
| Charting - Drawing Tools (Total) | 75 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Swissquote and MultiBank offer strong options for traders using iPhones and Android devices. Each app provides essential features like stock and forex price alerts, the ability to draw trendlines, and multiple time frame views. Additionally, both brokers enable users to create watchlists with real-time quotes. A noteworthy downside shared by both platforms is the lack of watchlist symbol syncing between the mobile apps and their respective online accounts, meaning adjustments in one won't automatically update the other.
On the technical front, Swissquote and MultiBank each support 30 technical studies for charting in their mobile apps, offering traders a broad range of analytical tools. While both platforms feature auto-saving for chart drawings, Swissquote slightly edges out MultiBank with a 4.5-star rating compared to MultiBank's 4 stars. This performance is reflected in their rankings by ForexBrokers.com, where Swissquote holds a respectable 11th place among 62 brokers, outpacing MultiBank, which sits at the 41st position.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| 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 Swissquote and MultiBank in terms of market research offerings, several key differences emerge. Swissquote stands out by providing daily market commentary, a feature absent in MultiBank's offerings. Both brokers keep traders informed with forex news from esteemed sources like Bloomberg and Reuters. However, Swissquote takes it a step further by offering technical analysis tools from Autochartist, adding valuable insights for users—tools that are not available with MultiBank. While neither platform utilizes Trading Central for technical analytics nor offers sentiment-based trading tools or market research from TipRanks, Swissquote users can rely on a comprehensive economic calendar to track global news events just as they would with MultiBank.
In terms of ratings and rankings, Swissquote edges ahead with a research rating of 4 out of 5 stars, surpassing MultiBank's 3.5 stars. This higher rating is consistent with Swissquote's research ranking of 16th among 62 brokers on ForexBrokers.com, while MultiBank trails in 49th place. This comparison reflects Swissquote's superior position in providing research resources that aid informed trading decisions.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| 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 comparing the educational resources available for beginners between Swissquote and MultiBank, Swissquote stands out with a remarkable set of offerings. Both platforms provide more than 10 educational pieces focused on forex or CFDs, including articles, videos, and webinars. However, Swissquote goes further by hosting at least one educational webinar per month, along with a searchable archive of previously recorded webinars, enhancing accessibility and learning flexibility for users. In contrast, MultiBank does not offer monthly webinars or an archive, which may limit the ongoing educational experience for beginners.
Swissquote also excels with its extensive video library, providing at least 10 beginner-friendly videos and even caters to seasoned traders with advanced video content, a feature MultiBank lacks for experienced traders. Additionally, Swissquote provides an investor dictionary with over 50 terms, offering a helpful resource for beginners striving to grasp investment jargon, while MultiBank does not have this feature. Ultimately, with a 4-star rating for education compared to MultiBank's 3.5 stars, Swissquote ranks higher, appearing as #21 out of 62 brokers, whereas MultiBank sits at #50. This distinction underscores Swissquote's superior position in supporting educational growth and knowledge for traders of all levels.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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 Swissquote is better than MultiBank. Swissquote finished with an overall rank of #11, while MultiBank finished with an overall rank of #40.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 84 |
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Both Swissquote and MultiBank empower investors by offering the ability to purchase actual cryptocurrencies and trade cryptocurrency derivatives, providing comprehensive options for diverse trading needs.
Both Swissquote and MultiBank provide multiple deposit and withdrawal options, including ACH, SEPA, Skrill, Visa, Mastercard, and bank wire transfers, with the notable distinction that Swissquote additionally supports PayPal, an option not available with MultiBank.
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 | Swissquote | MultiBank | |
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| Trust Score | 99 | 84 | |
| Winner | check_circle | ||
| Review | Swissquote Review | MultiBank Review |
| Broker Screenshots | Swissquote | MultiBank | |
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| Regulation | Swissquote | MultiBank | |
|---|---|---|---|
| Trust Score | 99 | 84 | |
| Year Founded | 1996 | 2005 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 3 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | Yes | |
| Switzerland (FINMA Authorised) | Yes | 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) | Swissquote | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 1042 | |
| Forex Pairs (Total) | 80 | 40 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | Swissquote | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $1000 | $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 | Swissquote | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 38 | |
| Charting - Drawing Tools (Total) | 75 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | MultiBank | |
|---|---|---|---|
| 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 | Swissquote | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Swissquote | 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 | Swissquote Review | MultiBank Review |
| Overall | Swissquote | MultiBank | |
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| Trust Score | 99 | 84 | |
| Winner | check_circle | ||
| Review | Swissquote Review | MultiBank Review |
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