MultiBank FX vs SimpleFX

MultiBank FX vs SimpleFX Comparison Table 2021
MultiBank FX SimpleFX
MultiBank FX is a regulated forex and CFD broker offering sign-up deposit bonuses, tight spreads and MT4 trading. SimpleFX is a CFD broker offering its own SFX WebTrader platform & low fees.
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted
Awards
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
Bonus
20% deposit bonus 50% spread cashback
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$50 $0
Payment Methods
Credit Card, Mastercard, Neteller, Perfect Money, Skrill, Swift, Visa, Wire Transfer Bitcoin Payments, FasaPay, Neteller, Skrill
Minimum Trade
0.1 lots 0.01 lots
Regulator
ASIC, BaFin, FMA, CNMV, DFSA, FSC, CIMA None
Margin Trading
No No
Margin Rate
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
No No
STP Account
No No
ECN Account
Yes No
DMA Account
No No
Mobile Apps
Yes Yes
Auto Trading
Yes (APIs) Yes
Trade Signals
Yes Yes
Social Trading
Yes Yes
Copy Trading
Yes No
Islamic Account
Yes No
Account Currencies
- -
CFD
Trade contracts for difference across markets with up to 1:500 leverage. Leveraged CFD products are available in multiple financial markets.
Leverage
1:500 1:500
FTSE Spread
Not offered 1.3
GBPUSD Spread
0.8 1.2
Oil Spread
0.03 0.03
Stocks Spread
Variable Variable
Forex
MultiBank FX offers investing in leading major, minor and exotic currency pairs. Trade currency pairs with tight spreads and 1:500 leverage.
GBPUSD Spread
0.8 1.2
EURUSD Spread
0.3 0.9
EURGBP Spread
0.8 0.9
Assets
45+ 60
Cryptocurrency
Trade a selection of the top cryptos against the US Dollar with 50% margin. Trade crypto and US Dollar CFDs.
Spread
Floating From 0.0001
Coins
BTC, LTC, ETH, XRP BTC, BHC, LTC, ETH, ETC, XRP, LNK