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, founded in 1996, stands out as a highly trusted online broker with a Trust Score of 99 out of 99 according to ForexBrokers.com. As a publicly traded bank, Swissquote demonstrates strong reliability with five Tier-1 licenses and one Tier-2 license, providing excellent regulatory assurance to its clients.
On the other hand, MultiBank, established in 2005, also offers a trustworthy platform with a Trust Score of 84. Although not publicly traded and not a bank, MultiBank holds three Tier-1 licenses and one Tier-2 license, securing a trusted status. Both brokers present viable options for online trading, each with its own set of strengths in terms of trust and regulatory credentials.
| Feature |
Swissquote
|
MultiBank
|
|---|---|---|
| Year Founded | 1996 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 3 |
| Tier-2 Licenses | 1 | 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.
Both Swissquote and MultiBank offer a wide array of features within their trading platforms, catering to various trading needs. Each broker provides traders with simulated trading through a free virtual demo account, letting them practice strategies without financial risk. They also boast proprietary platforms developed in-house, alongside offering popular MetaTrader platforms like MT4 and MT5. Windows-based desktop platforms and web-based browser access are available for both, ensuring flexibility in how traders can connect to the markets. More advanced traders will find copy trading features available, although neither broker supports DupliTrade or ZuluTrade to expand automated copy trading options.
When it comes to user-friendly tools, Swissquote offers 75 charting drawing tools compared to MultiBank's 17, giving users more options for visual analysis. Moreover, Swissquote facilitates in-depth market monitoring with 11 columns for watch lists, while MultiBank provides 7. The ability to trade directly from a stock chart is a feature supported by both brokers, enhancing the trading experience. Overall, these comprehensive offerings have earned Swissquote a 4.5-star rating, positioning it 11th out of 62 brokers according to ForexBrokers.com. In comparison, MultiBank is rated 4 stars, placing it at the 39th spot, reflecting a slightly more modest offering in trading platforms and tools.
| 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 comparing the mobile trading apps of Swissquote and MultiBank, both platforms offer comprehensive solutions for iPhone and Android users. They provide essential features like stock and forex price alerts, a variety of technical studies with 30 available charting options, and the ability to draw trendlines and view different time frames on charts. Users of both apps can also create watchlists with real-time quotes, although neither app currently supports watchlist symbol syncing between mobile and online accounts. Notably, both apps have the capability to auto-save chart drawings, which is highly beneficial for traders.
In terms of user satisfaction and industry recognition, Swissquote edges ahead with a 4.5-star rating for its mobile app, compared to MultiBank's 4-star rating. Additionally, Swissquote holds the 10th spot out of 62 brokers in the Mobile Trading Apps category, according to ForexBrokers.com. In contrast, MultiBank is ranked 41st. These ratings reflect Swissquote’s slightly stronger reputation among users, emphasizing its appeal in the competitive landscape of mobile trading platforms. However, both apps present solid options for traders looking for reliable mobile trading experiences.
| 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
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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 | 1 | 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) | No | 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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