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

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

OvalX (formerly ETX Capital) offers 60 currency pairs and a wide selection of equities for the beginning and experienced investors with no deposit and withdrawal fees.

• 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

• Forex traders for variety of currencies and high net worth equities
• Traders seeking commission free equities inside their 250 commission-less selection
• Traders who want to trade commodity futures and bonds 

• ASIC (Australia)
• BaFin (Germany)
• CIMA (Cayman Islands)
• FSC (British Virgin Islands)
• FMA (Austria)
• MAS (Singapore)
• TFG (Tianjin)
• VFSC (Vanuatu)

• FCA (UK)
• FSCA (South Africa)
• CySec (Cyprus)

• Great asset variety (over 13,000+)
• Competitive commissions on Pro and ECN accounts ($3 per lot side)
• High leverage offering (Up to 1:500)

• Commission-free trades for 250 equities
• Low minimum deposit to open standard account (100£)
• Wide selection of commodity futures and bonds
• Decent educational material for market research, including seminars on indices, commodities and currencies

• 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.

• Doesn’t provide live news feed on standard account
• No ability to purchase real stocks or ETFs (All assets are CFDs)
• Expensive commissions on shares (Eg minimum $15 on US shares, 10 € on EU shares)

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• 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.

• Visa
• Mastercard
• Bank Transfer
• PayTrust
• Praxis
• Pagsmile
• Skrill
• Neteller
• Plus Wallets
• Payment Asia
• GlobePay
• POLi
• Bitcoin

• Visa
• Mastercard
• Maestro
• Skrill
• UnionPay
• Bank Transfer

US, CA, SY, IR.

US, BE, CN, SG, CH.

After 90 days of inactivity, $60 every month.

• None on Standard accounts.
• Yes in Pro and ECN accounts of $3 per lot side.

Depending on asset class. (Eg: U.S shares have a 2 cents per share charge with a minimum of $15 per order, European shares have a 0.1% of transaction value charge with a minimum 10 € charge)