MultiBank Vs. Binance - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 74-89% of retail CFD accounts lose money.	Visit Investing in cryptocurrencies involves risk.
Overview
MultiBank (MultiBank FX, MultiBank Group) is a global broker founded in 2005 that specialises in CFDs trading via MetaTrader 4 and 5 platforms.	Binance is a global cryptocurrency exchange founded in 2017 in China with the aim of providing the ultimate trading solution. Currently, they offer more than 700+ cryptocurrencies, derivatives (such as Vanilla options, futures, staking), a Launchpad platform for ICOs and many more services such as several trading platforms with different complexity levels.
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	Avid cryptocurrency traders and investors from intermediate to expert levels Day traders looking for a high liquidity exchange with competitive fees
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 4 Other Licenses 4 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 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)	None
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)	Largest cryptocurrency exchange in the world by liquidity Massive cryptocurrencies selection available (700+) Large amount of financial products in the form of derivatives (Vanilla options, futures, etc) Advanced trading platforms with visual order books at no cost
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.	Interface can be complex to use for beginners The wide selection of products and derivatives can also be intimidating for beginners
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	2017
💳 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	Cryptocurrency Bank transfers Visa Mastercard
💵 Account Base Currencies
17 - USD, EUR, AUD, AED, GBP, CHF, CAD, MYR, THB,VND, IDR, BRL, MXN, CLP, PEN, GTQ, NIO.	All supported cryptocurrencies.
🗽 Available to U.S Citizens
No	Yes
❌ Restricted Countries
US, CA, SY, IR.	None
📊 STP Account
No	No
📊 DMA Account
No	No
📊 ECN Account
Yes	No
Banking License
No	No
Debit Card
No	Yes
Assets
📚 Assets Type
CFDs	Hybrid
Total Asset Offering
13,925	750
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
12,825	0
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
41	0
📗 Commodities
0	0
📗 Commodities CFDs
21	0
📕 Indices
0	0
📕 Indices CFDs
27	0
📔 ETFs
0	0
📔 ETFs CFDs
1,000	0
💸 Cryptocurrencies
0	750
💸 Cryptocurrency CFDs
11	0
📒 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	Unavailable
📉 Minimum ETFs Trade Size
1 ETF	Unavailable
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots)	$10
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	Unavailable
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	Unavailable
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
500	100
💪 Professional Leverage
Unavailable	Unavailable
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
No	Yes
🎓 Demo Account
Yes	No
📱 IOS App
No	Yes
📱 Android App
No	Yes
📺 MetaTrader 4
No	No
📺 MetaTrader 5
Yes	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	Yes
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	No
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	No
Fees
💰 Inactivity Fee
After 90 days of inactivity, $60 every month.	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
None on Standard accounts. Yes in Pro and ECN accounts of $3 per lot side.	Fixed 0.1% trade value fee for spot trades.
Spreads
📈 EUR/USD
Dynamic - From 0.1 to 1.2 Pips	Unavailable
📉 SP500
Dynamic - From 2 to 50 Pips	Unavailable
📈 GOLD
Dynamic - From 2 to 50 Pips	Unavailable
📉 TSLA (Stock CFD)
Unavailable	Unavailable
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Unavailable	Dynamic - From $1
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	No
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
No	Yes
📡 Live Chat Support
No	No
📡 Video Tutorials
No	Yes
📡 Account Management
Yes	No
📡 Webinars
No	No