Written by ForexBrokers.com
In this head to head comparison of XM Group 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 XM Group and MultiBank, both established players in the financial sector, regulatory standing is a key consideration. Founded in 2009, XM Group holds an impressive four Tier-1 licenses and one Tier-2 license, reflecting its strong regulatory compliance. This backing contributes to its trust score of 88, situating it in the trusted category according to ForexBrokers.com. However, XM Group is not a publicly traded company nor a bank, adding a layer of transparency to its operations without the stock exchange influence.
On the other hand, MultiBank, founded in 2005, is also not publicly traded nor a bank. It holds three Tier-1 licenses and one Tier-2 license, aligning with its trust score of 84, which still places it within the trusted range as per ForexBrokers.com. While both brokers provide a reliable platform for online trading, XM Group edges out slightly in regulatory standing with more Tier-1 licenses and a higher trust score. Users should weigh these factors when considering their trading options.
| Feature |
XM Group
|
MultiBank
|
|---|---|---|
| Year Founded | 2009 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
XM Group and MultiBank are both notable online brokers, yet they offer distinct experiences in terms of commissions and fees. XM Group is known for its costly spread on standard accounts and does not publish average spreads for its commission-based XM Zero account. This lack of transparency might leave some traders uncertain about potential trading costs. XM Group achieves a 4-star rating in the commissions and fees category and is ranked #33 out of 62 brokers according to ForexBrokers.com.
MultiBank, on the other hand, provides a variety of account types tailored to different trading needs. The Standard account has a low minimum deposit of $50 but comes with relatively high spreads. For traders with more experience, the Pro account offers improved spreads with a $1,000 minimum deposit. Those seeking the best spreads may opt for the ECN account, which requires a $10,000 minimum deposit and incurs a small commission of $3 per trade—balancing affordability with trading power. However, it's important to note that MultiBank imposes a $60 monthly inactivity fee if there's no trading activity for 90 days. MultiBank also earns a 4-star rating for its commissions and fees, and ranks #37 out of 62 brokers on ForexBrokers.com.
While both brokers score equally in terms of star ratings, their offerings cater to different trader profiles. XM Group could be more suitable for those who prefer a simpler fee structure, albeit at a potentially higher cost, while MultiBank might appeal to traders who seek more options and are conscious of spread costs. Evaluating your trading priorities carefully can help decide between XM Group and MultiBank, ensuring you select a broker that best fits your financial goals and trading style.
| Feature |
XM Group
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $5 | $50 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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 XM Group and MultiBank for their range of investments, XM Group stands out with a more extensive selection of tradeable symbols, offering 1,394 compared to MultiBank's 1,042. Both platforms provide trading in forex as CFDs or spot contracts, but XM Group allows access to 55 tradeable forex pairs, surpassing MultiBank's offering of 40. Additionally, XM Group offers the opportunity to purchase exchange-traded securities on both U.S. and international exchanges, providing greater flexibility to investors interested in stocks like Apple and Vodafone. In contrast, MultiBank does not provide access to these exchange-traded securities.
While both brokers facilitate copy trading and offer cryptocurrency derivatives, MultiBank offers the unique ability to buy actual cryptocurrencies, a feature unavailable with XM Group. Reflecting these differences, XM Group earns a higher rating of 4.5 stars for their range of investments, compared to MultiBank's 4 stars. This distinction is further emphasized in their rankings by ForexBrokers.com, where XM Group is placed at #23 out of 62 brokers, marking them ahead of MultiBank, which ranks at #37.
| Feature |
XM Group
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 1042 |
| Forex Pairs (Total) | 55 | 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) | 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.
When it comes to trading platforms and tools, both XM Group and MultiBank offer a variety of features to suit different trader preferences. Both brokers provide access to simulated trading through free virtual demo accounts, allowing beginners to practice without financial risk. While XM Group does not have a proprietary platform and instead relies on well-known platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), MultiBank offers its own in-house platform alongside the MetaTrader options. Both brokers have Windows-based desktop downloads and web-based trading platforms for user convenience. For those interested in copy trading, both XM Group and MultiBank provide this functionality.
When exploring charting capabilities, XM Group offers 15 drawing tools, while MultiBank provides slightly more with 17, though both platforms allow traders to execute trades directly from stock charts. Watch list management is equally robust with both brokers, permitting up to seven columns for organizing trading information. With a shared rating of four stars for trading platforms and tools, XM Group and MultiBank prove to be reliable choices for traders. However, XM Group ranks higher in the ForexBrokers.com comparison, at 30 out of 62 brokers, while MultiBank comes in at 39, indicating a slight edge for XM Group in the competitive space of trading platforms and tools.
| Feature |
XM Group
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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) | 30 | 38 |
| Charting - Drawing Tools (Total) | 15 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both XM Group and MultiBank offer feature-rich mobile trading apps that are well-suited for users on both iPhone and Android devices. Traders with these brokers can enjoy stock or forex price alerts and the capability to draw trendlines on charts. Additionally, each of these apps allows you to view multiple time frames, such as daily and weekly charts, and create watchlists with real-time quotes. While both companies provide 30 technical studies for charting, a key difference is that XM Group syncs watchlist symbols between the mobile app and online account, whereas MultiBank does not.
For those who frequently alter their chart drawings, it's important to note that while MultiBank's app automatically saves your chart annotations, XM Group’s app does not. Although both trading apps have a strong four-star rating for mobile trading, XM Group takes the lead in industry rankings, coming in at 27th place out of 62 brokers according to ForexBrokers.com, compared to MultiBank’s 41st position. Both apps provide a comprehensive set of tools for mobile trading, allowing traders to make informed decisions on the go.
| Feature |
XM Group
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing XM Group and MultiBank for market research offerings, XM Group clearly stands out. It provides daily market commentary and offers forex news from top-tier sources like Bloomberg and Reuters, ensuring traders are well-informed about the latest market developments. While both brokers supply an economic calendar to track global news events, XM Group further enhances its research support by offering technical analysis tools from Trading Central and a sentiment-based trading tool that displays long or short positions across currency pairs. In contrast, MultiBank lacks both the daily market commentary feature and the advanced sentiment tool that XM Group offers.
XM Group's focus on comprehensive market research is reflected in its higher rating and ranking. With a Research rating of 5 stars, XM Group ranks #8 out of 62 brokers according to ForexBrokers.com, while MultiBank scores 3.5 stars and ranks at #49. Though both brokers do not utilize resources from Acuity Trading or TipRanks, XM Group's dedication to providing quality research tools marks it as a superior choice for traders looking to deeply analyze the market landscape.
| Feature |
XM Group
|
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 of online brokers XM Group and MultiBank, XM Group stands out as a comprehensive learning hub for beginners. Both brokers provide more than ten educational pieces, including articles and videos focused on forex and CFDs. However, XM Group takes its educational offerings further by delivering monthly live webinars and granting access to a searchable archive of past webinars. This feature is not offered by MultiBank. Additionally, XM Group caters to both novice and experienced traders with a robust collection of instructional videos. In contrast, MultiBank provides educational videos for beginners but lacks advanced content for seasoned traders.
The ratings and rankings of these brokers reflect their educational capabilities. XM Group earns a strong 5-star rating in education and holds the impressive 7th position among 62 brokers ranked by ForexBrokers.com. On the other hand, MultiBank has a lower education rating of 3.5 stars, placing it at the 50th position. While neither broker offers an investor dictionary, XM Group's diverse range of educational tools and content make it the preferred choice for those eager to learn and navigate the world of trading.
| Feature |
XM Group
|
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) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that XM Group is better than MultiBank. XM Group finished with an overall rank of #17, while MultiBank finished with an overall rank of #40.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
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MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 84 |
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While XM Group does not support the purchase of actual cryptocurrencies but offers cryptocurrency derivatives, MultiBank provides the option to buy both actual cryptocurrencies and derivatives, catering to a broader spectrum of cryptocurrency investors.
While both XM Group and MultiBank provide the convenience of using Skrill, Visa, Mastercard, and bank wires for deposits and withdrawals, MultiBank holds an edge by additionally supporting ACH or SEPA transfers, a feature not available with XM Group, and neither broker offers PayPal as a transaction method.
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 | XM Group | MultiBank | |
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| Trust Score | 88 | 84 | |
| Winner | check_circle | ||
| Review | XM Group Review | MultiBank Review |
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| Regulation | XM Group | MultiBank | |
|---|---|---|---|
| Trust Score | 88 | 84 | |
| Year Founded | 2009 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 3 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | XM Group | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | 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) | XM Group | 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 | XM Group | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 1042 | |
| Forex Pairs (Total) | 55 | 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) | 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 | XM Group | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $5 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | XM Group | MultiBank | |
|---|---|---|---|
| Proprietary Platform | No | 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 | XM Group | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 38 | |
| Charting - Drawing Tools (Total) | 15 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XM Group | 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XM Group | 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 | XM Group | 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) | No | No |
| Major Forex Pairs | XM Group | 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 | XM Group Review | MultiBank Review |
| Overall | XM Group | MultiBank | |
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| Trust Score | 88 | 84 | |
| Winner | check_circle | ||
| Review | XM Group Review | MultiBank Review |
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