MultiBank
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74-89% of retail CFD accounts lose money.

Vs.

Axi (AxiTrader)
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74.1% of retail CFD accounts lose money.

MultiBank Vs. Axi (AxiTrader) - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Oct 20 2022

Visit

74-89% of retail CFD accounts lose money.

Visit

74.1% of retail CFD accounts lose money.

Overview

MultiBank (MultiBank FX, MultiBank Group) is a global broker founded in 2005 that specialises in CFDs trading via MetaTrader 4 and 5 platforms.

Axi (previously known as AxiTrader) is an Australian broker offering CFDs products on FX, Stocks, Indices, Commodities and Cryptocurrencies.

Best For
  • Traders looking for an off-shore broker connected to a well regulated parent group that provides high leverage
  • Stock CFDs traders looking for wide share variety
  • FX Traders that don’t scalp and are looking for competitive ECN accounts
  • Experienced FX Traders looking to benefit from their custom account offering
  • High volume traders looking to benefit from their 0 pips spreads
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

4

Other Licenses

4

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

3

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • BaFin (Germany)
  • CIMA (Cayman Islands)
  • FSC (British Virgin Islands)
  • FMA (Austria)
  • MAS (Singapore)
  • TFG (Tianjin)
  • VFSC (Vanuatu)
  • ASIC (Australia)
  • FCA (Uk)
  • ADGM (United Arab Emirates)
  • SVGFSA (St. Vincent & the Grenadines)
The Good
  • Great asset variety (over 13,000+)
  • Competitive commissions on Pro and ECN accounts ($3 per lot side)
  • High leverage offering (Up to 1:500)
  • Competitive account offering for all trader levels with spreads from 0 pips
The Bad
  • Complicated legal regulatory framework due to being a group as it’s hard to understand which of their companies do what and on which entity does a customer trade or is being protected by regulation
  • Scalping not allowed (120 seconds time limit for FX and commodities and 300 second limit for other CFDs)
  • Expensive inactivity fee, $60 monthly after 90 days of inactivity.
  • All assets are CFDs (No real stocks or ETFs offered)
  • Extremely low asset offering (around 150 instruments)
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2005 2007
💳 Minimum Deposit Range
From $50 to $5,000 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • PayTrust
  • Praxis
  • Pagsmile
  • Skrill
  • Neteller
  • Plus Wallets
  • Payment Asia
  • GlobePay
  • POLi
  • Bitcoin
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Sofort
  • Giropay
  • iDeal
  • Polish Internet Banking
  • Global Collect
💵 Account Base Currencies
17 - USD, EUR, AUD, AED, GBP, CHF, CAD, MYR, THB,VND, IDR, BRL, MXN, CLP, PEN, GTQ, NIO. 10 - AUD, CAD, CHF, EUR, HKD, JPY, NZD, PLN, SGD, USD
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, SY, IR.

None
📊 STP Account
No No
📊 DMA Account
No Yes
📊 ECN Account
Yes No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs CFDs
Total Asset Offering
13,925 229
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
12,825 50
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
41 140
📗 Commodities
0 0
📗 Commodities CFDs
21 14
📕 Indices
0 0
📕 Indices CFDs
27 14
📔 ETFs
0 0
📔 ETFs CFDs
1,000 0
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
11 11
📒 Bonds
0 0
📒 Bonds CFDs
0 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
1 Share $1,000 (0.01 Lots)
📉 Minimum ETFs Trade Size
1 ETF Unavailable
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
500 30
💪 Professional Leverage
Unavailable 400
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
No Yes
📱 Android App
No Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
Yes No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes No
👬 Copy Trading
Yes No
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

After 90 days of inactivity, $60 every month.

$10 monthly after 1 year of inactivity.

💰 Deposit Fees
None None
💰 Withdrawal Fees
None None
💰 Commissions
  • None on Standard accounts.
  • Yes in Pro and ECN accounts of $3 per lot side.

Varies per account type:

  • Standard: None
  • Pro: $3.50 per lot
  • Elite: $1.75 per lot)
Spreads
📈 EUR/USD
Dynamic - From 0.1 to 1.2 Pips Dynamic - From 0 to 1.4 Pips
📉 SP500
Dynamic - From 2 to 50 Pips Dynamic - From 90 Pips
📈 GOLD
Dynamic - From 2 to 50 Pips Dynamic - From 20 Pips
📉 TSLA (Stock CFD)
Unavailable Dynamic - From $1.45
📈 XLK (ETF - CFD)
Unavailable Unavailable
📉 BTC
Unavailable Dynamic - From $40
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No
📡 Educational Content
No Yes
📡 Live Chat Support
No Yes
📡 Video Tutorials
No No
📡 Account Management
Yes No
📡 Webinars
No Yes