MultiBank Vs. XM - 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.

XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets.

• 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 traders looking to trade shares in high volume using their Zero account
• MetaTrader users wishing to explore XM's offering while maintaining their preferred platforms

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

• ASIC (Australia)
• CySec (Cyprus)
• ADGM (United Arab Emirates)

• 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 commissions on their Zero account
• Modest asset offering of 1500+ tradable instruments (similar to competitors in the same range)

• 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.

• No proprietary platforms or technology
• Expensive spreads and trading fees
• Lack of asset variety when compared to other brokers in the same range

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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
• Bank Transfer
• Neteller
• Skrill

US, CA, SY, IR.

US, CA.

After 90 days of inactivity, $60 every month.

Yes, $15 one time payment after 1 year of inactivity and then $5 monthly.

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

Yes on Zero accounts ($7 per lot round turn).