MultiBank FX vs Upstox

MultiBank FX vs Upstox Comparison Table 2022
MultiBank FX Upstox
United States Flag Traders from US not accepted
United States Flag Traders from US accepted
MultiBank FX is a regulated forex and CFD broker offering sign-up deposit bonuses, tight spreads and MT4 trading. Upstox offers trading in stocks, futures, options, indices and mutual funds from across the world through its proprietary platform, Upstox Pro.
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 None
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies Stocks, Futures, Options
Demo Account
Yes No
Minimum Deposit
$50 INR 0
Payment Methods
Credit Card, Mastercard, Neteller, Perfect Money, Skrill, Swift, Visa, Wire Transfer Google Pay, Wire Transfer
Minimum Trade
0.1 lots INR 500
Regulator
ASIC, BaFin, FMA, CNMV, DFSA, FSC, CIMA SEBI
Margin Trading
No Yes
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No Yes
AI / Machine Learning
No -
Robo Advisor
No -
Negative Balance Protection
No -
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Yes iOS & Android
Auto Trading
Yes (APIs) -
Trade Signals
Yes -
VPS Hosting
No -
Tournaments
No -
Demo Competitions
No -
Ethical Investing
No -
Social Trading
Yes No
Copy Trading
Yes No
Islamic Account
Yes No
Account Currencies
- INR
CFD
Trade contracts for difference across markets with up to 1:500 leverage. CFD trading not offered
Leverage
1:500
FTSE Spread
Not offered
GBPUSD Spread
0.8
Oil Spread
0.03
Stocks Spread
Variable
Forex
MultiBank FX offers investing in leading major, minor and exotic currency pairs. Forex trading not offered
GBPUSD Spread
0.8
EURUSD Spread
0.3
EURGBP Spread
0.8
Assets
45+
Cryptocurrency
Trade a selection of the top cryptos against the US Dollar with 50% margin. Crypto trading not offered
Spread
Floating
Coins
BTC, LTC, ETH, XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
- -
Auto Market Maker
No No
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