MultiBank FX vs FXCM

MultiBank FX vs FXCM Comparison Table 2023
MultiBank FX	FXCM
Review 4.7	Review 3.5
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
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.	FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM is a popular choice. The broker is also FCA regulated and authorized in Australia and South Africa.
Bonus Offer
20% deposit bonus
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."	"FXCM is a top pick for traders deploying automated trading strategies, with four powerful platforms, strategy backtesting and algo trading through APIs. The broker is also great for active traders, with discounted spreads and low to zero commissions on popular assets."
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	A choice for 4 powerful platforms including MT4, Capitalise.AI and the broker's proprietary solution Premium support and custom solutions in the Active Trader professional account Excellent trading tools including a market scanner, forex signals and access to reputable research site, eFXplus Strong selection of educational materials including a new trader guide, market outlook reports and free webinars Impressive global regulatory status with 4 reputable licenses with the FCA, ASIC, CySEC and FSCA A range of funding methods including bank cards, Apple Pay and PayPal, with instant processing times
Cons
$5,000 minimum deposit required to access ECN spreads Average education and market research $60 monthly inactivity fee	Live chat support is unreliable Not the widest range of assets or trading vehicles
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
Instruments
Forex, CFDs, indices, shares, metals, commodities, cryptocurrencies	Stocks, Spreadbetting, CFD, Forex, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$50	$50
Trading Platforms
MT4 MT5 cTrader	MT4 TradingView eSignal
Payment Methods
Credit Card GlobePay Mastercard Neteller Perfect Money Skrill Swift Visa Wire Transfer	Apple Pay Credit Card Debit Card Google Wallet Klarna PayPal POLi Wire Transfer
Minimum Trade
0.1 Lots	Variable
Regulator
SCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, VFSC	FCA, CySEC, ASIC.
Margin Trading
No	Yes
STP Account
No	No
ECN Account
Yes	No
DMA Account
No	No
MAM Account
No	Yes
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	Yes
Market Maker
Yes	Yes
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
Yes	iOS and Android
Auto Trading
Yes (APIs)
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.	FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time.
Social Trading
Yes	Yes
Trade Signals
Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
Yes	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Account Currencies
	USD EUR GBP CAD AUD ZAR CHF
Stock Exchanges
	Euronext IBEX 35 Russell 2000
Commodities
Cocoa Coffee Copper Corn Gold Oil Silver Soybeans	Cannabis Gold Oil Silver
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.	Trade a range of CFD instruments on one of FXCM's multi-asset platforms with fast execution and zero/positive slippage. Daily market analysis can also be used to inform trading decisions.
Leverage
1:500	1:30
FTSE Spread
Not offered	1.18 pts var*
GBPUSD Spread
0.8	0.5 pips*
Oil Spread
0.03	0.05 (var)*
Stocks Spread
Variable	0.2% Var*
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.	Access over 40 currency pairs with no commissions and low spreads from 0.78 pips for EUR/USD. Forex can also be traded 24/5 on a choice of reliable platforms.
GBPUSD Spread
0.8	0.5 pips var*
EURUSD Spread
0.3	0.2 pips var*
EURGBP Spread
0.8	0.5 pips var*
Assets
45+	40
Currency Indices
	JPY
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	Trade some of world's most popular digital coins with zero commission and leverage up to 1:4. FXCM also stands out for its crypto major basket which offers exposure to Bitcoin, Ethereum, Litecoin and Bitcoin Cash in one trade.
Spread
Floating	Variable
Coins
BTC LTC ETH XRP	BTC ETH LTC BTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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