MultiBank FX vs AAAFx

MultiBank FX vs AAAFx Comparison Table 2023
MultiBank FX Review 2023 AAAFx Review 2023
4.7
3.9
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

MultiBank FX is an established broker offering forex and CFD products since 2005. With 20,000+ instruments, plenty of local payment methods and 24/7 multilingual customer support, the broker is a popular choice among traders globally. New clients can also access a variety of bonus offers and access the hugely popular MT4 and MT5 trading platforms.

AAAFx is a Greek broker that offers trading opportunities in forex as well as a decent selection of other assets including stocks, indices and cryptocurrencies. The spreads are very tight, starting from zero, commissions are low, and there are various account options to suit traders of differing experience and funding levels. Four leading platforms are also supported – MetaTrader 4, MetaTrader 5, ZuluTrade and ActTrader.

Bonus Offer
20% deposit bonus 100% Deposit Bonus available for Global clients
Promotions

Double Your Trading Capital With The AAAFX 100% Deposit Bonus

Free VPS Hosting With AAAFx

Commission-Free Trading At AAAFX

Comment by Reviewer
"MultiBank FX is a great option for active forex traders with 55 currency pairs, spreads from 0.0 pips and high leverage up to 1:500." "AAAFx is a good broker for forex traders who want ECN trading with the flexibility to dip into other popular asset classes."
Pros
  • 24/7 multilingual customer support available across all accounts
  • Renowned MT4 and MT5 platforms, plus proprietary solutions and social trading
  • Vast range of local payment methods with fast withdrawals within 24 hours
  • Global presence with 10+ regulatory licenses, including ASIC (Australia) and MAS (Singapore)
  • MAM, PAMM and FIX API access for high-volume or pro traders, plus EAs and VPS hosting for algorithmic trading
  • Supports an excellent range of trading software including the popular MT4 and MT5 platforms
  • EEA-regulated with an offshore branch for higher leverage opportunities
  • Excellent pricing with very tight spreads and low commissions
  • Good selection of 70 forex pairs
  • Social and copy trading
  • Award-winning brand
  • Low deposit fees
Cons
  • $5,000 minimum deposit required to access ECN spreads
  • Average education and market research
  • $60 monthly inactivity fee
  • Non-forex asset list is light
  • Lacks educational content and extra features
  • Only high volume traders with a $5000 deposit qualify for a free VPS
Awards
  • Best Gold Broker 2023 - FX Empire
  • Best Forex Broker 2023 - Fintech & Crypto Summit Bahrain
  • Chairman Of The Year 2023 - Le Fonti Awards Dubai
  • Leading Financial Derivatives Institution 2023 - Le Fonti Awards Dubai
  • The Most Trusted Broker In The Middle East 2023 - Ultimate Fintech
  • Best Broker Of The Year 2022 - Traders Union
  • Best Globally Recognized Forex Broker 2022 - Forex Expo Dubai
  • Best Crypto Broker Asia & Europe 2022 - Global Brands Magazine
  • Best Financial Derivatives Broker Asia & Europe 2022 - Global Brands Magazine
  • Best Global Broker 2022 - Pan Finance
  • Best Global Forex Chairman Of The Year 2022 - Global Business Review Magazine
  • Best New Global Asset Digital Exchange - MultiBank Crypto Exchange 2022 - Global Business Review Magazine
  • The 50 Most Influential Figures In Global Financial Markets 2022 - Forex Traders Summit Dubai
  • Best Global Crypto Broker 2021 - Forex Expo Dubai
  • Bets Global Broker 2021 - Finance Magnates
  • Best Broker MENA 2021 - Finance Magnates
  • Best Broker Africa 2021 - Finance Magnates
  • Best Broker LATAM 2021 - Finance Magnates
  • Most Trusted Global Broker 2021 - Global Business Review Magazine
  • The 50 Most Influential Figures In Global Financial Markets 2021 - Forex Traders Summit Dubai
  • Best FX Service Provider 2020 - International Business Magazine
  • Best FX Customer Service 2020 - Forex Awards
  • Best Apac Region Broker 2020 - International Financial Awards
  • Best Forex & CFD Broker 2019 - Jordan Forex & Expo Awards
  • Financial Services Provider of the Year Asia 2019 - Global Brands Magazine
  • Best Forex Trading Platform Hong Kong 2018 - International Finance Magazine
  • Best CFD Broker - Forex Expo Dubai 2023
  • Best FX Service Provider - Forex Expo Dubai 2022
  • Most Transparent Broker - Ultimate Fintech Awards 2022
Instruments
Forex, CFDs, indices, shares, metals, commodities, cryptocurrencies Forex, CFDs, Indices, Cryptocurrencies, Commodities
Demo Account
Yes Yes
Minimum Deposit
$50 $100
Trading Platforms
  • MT4
  • MT5
  • cTrader
  • MT4
  • MT5
  • ActTrader
Payment Methods
Bank wire - FNB (First National Bank, KoraPay through Praxis, Help2Pay, PayRetailers. Bank cards - debit/credit cards. E-Wallets- FairPay, VirtualPay, Skrill, Neteller. Cryptocurrency - match2pay (ETH, BTC and USDT), Capital Wallet
Minimum Trade
0.1 Lots 0.01 Lots
Regulator
SCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, VFSC HCMC (Greece), FSCA (South Africa)
Margin Trading
No Yes
STP Account
No No
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
Yes Yes
Auto Trading
Yes (APIs) Yes
Copy Trading
Yes Yes
Copy Trading Platform
Clients can start copy trading in three simple steps at MultiBank FX, gaining access to profitable online traders from around the world. Build a diverse portfolio while learning from experienced investors and saving time on market research. AAAFX offers an automated copy trading service with competitive fees and a beginner-friendly interface. ZuluTrade is the biggest social trading community with thousands of active users.
Social Trading
Yes Yes
Trade Signals
Yes Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • CHF
Commodities
CFD Trading
Access thousands of CFDs with competitive pricing and leverage up to 1:500. A range of asset classes are available, including currencies, shares, indices, metals and commodities. CFDs can be traded on the market-leading MetaTrader platforms. AAAFx traders can access CFDs on forex, stocks, indices and cryptocurrencies through the broker's diverse range of platforms. Leverage is available up to 1:30 from the broker's EEA-regulated branch or up to 1:500 from the offshore entity, which is higher than most alternatives.
Leverage
1:500 1:30 (EU), 1:500 (Global)
FTSE Spread
Not offered 1
GBPUSD Spread
0.8 Starting from 0.1
Oil Spread
0.03 3.5
Stocks Spread
Variable Variable
Forex Trading
MultiBank FX offers trading on 50+ major, minor and exotic currency pairs. Spreads are tighter than many competitors and the broker offers higher leverage than most alternatives. Automated trading strategies are also permitted. AAAFx traders have access to 70 forex pairs, including majors, minors and exotics, through an ECN model with fast execution, low commissions and tight spreads. The selection of currencies is wider than most competitors.
GBPUSD Spread
0.8 Starting from 0.1
EURUSD Spread
0.3 Starting from 0.0
EURGBP Spread
0.8 Starting from 0.0
Assets
45+ 70+
Cryptocurrency
Trade a selection of the top cryptos against the US Dollar, including Bitcoin, Polkadot and Stellar with 50% leverage. Traders also benefit from fast execution speeds of <20ms. Five cryptocurrency CFDs are available from AAAFx, all traded in pairs with USD, including Bitcoin and Ethereum. Crypto traders can choose from three accounts with a low starting deposit.
Spread
Floating From 0.0 pips
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BTC
  • LTC
  • ETH
  • XRP
  • BCH
  • USDT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
MultiBank FX
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AAAFx
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